ZTE´s First Quarter Net Profit Rises 48%

ZTE Corporation posted its sales and earnings for the first quarter on April 23. From January to March of this year, its main business revenue increased 74.67% over the same period last year to RMB 3.788 billion yuan. The net profit for the January-March quarter rose to RMB 132.01 million yuan versus RMB 88.62 million yuan in the year-earlier period. Its earnings per share reached RMB 0.198 yuan.

  ZTE´s first-quarter growth is encouraging as the quarter is always a slow season for sales of telecom products in China. The good growth momentum of ZTE was buoyed by its competitiveness and good management. In the first quarter, Chinese telecom industry maintained a steady growth and ZTE also made progress in exploring the international markets. By focusing on customers´ needs, ZTE has provided differentiated products and services, and given full play to its advantage of multi-level product systems, which guaranteed its competitiveness and leading position in the market.

In the first quarter, mobile equipment was still ZTE´s main income source. Meanwhile, the corporation was also boosted by strong sales of telecom exchanges, fiber transmission and digital data equipment.