Telecom network vendor ZTE today revealed the 2015 revenue break up for telecom network, enterprise and consumer device businesses.
ZTE announced 23 percent increase in operating revenues to RMB100.19 billion for 2015.
Sales in 4G products, smart city and emerging ICT technologies pushed operating revenues last year, said ZTE.
How ZTE performed?
RMB57.22 billion from carriers’ networks
RMB10.50 billion from enterprise business
RMB32.47 billion from consumer business
The Chinese telecom equipment maker generated RMB57.22 billion revenue from carriers’ networks.
ZTE’s revenue from enterprise business was RMB10.50 billion.
Operating revenue for the consumer business of ZTE amounted to RMB32.47 billion.
ZTE smartphone shipments rose 16 percent to over 56 million.
In 2015, ZTE sold 15 million smart phones in the US, growing over 30 percent year and breaking into the top four providers. ZTE ranked number one in the paid market in Australia; third in Russia (10 percent market share), and top 4-5 in Turkey, Mexico, South Africa.
ZTE generated operating revenue of RMB53.11 billion in China, accounting for 53 percent of its overall operating revenue.
The issuance of FDD-LTE permits, “Internet+” and the rush for optical fibre upgrades drove further growth in investments in 4G equipment and broadband networks. ZTE expanded its cloud computing and Big Data services, Smart City and high-end routers.
ZTE reported operating revenue of RMB47.08 billion from international markets, accounting for 47.0 percent of the operating revenue.
The growth in revenue reflected increased sales from 4G products and optical access products in the domestic and international markets and optical transmission products in the domestic market. High-end routers and handset products in the international market and family terminals in the domestic and international markets also saw significant growth, said ZTE.
In 2015, Chinese carriers expanded the scale of construction of 4G networks and their ancillary facilities following the issuance of FDD-LTE permits. Carriers increased their investments in Cloud Computing, Internet of Things, Big Data, Smart City and high-end routers, while investment in equipment remained focused on wireless, transmission, access and broadband sectors.
