ZTE Corporation (Shenzhen: 000063, Hong Kong: 0763), China´s largest listed telecommunications manufacturer and leading wireless solutions provider, has again been named as one of the top "listed companies of investment value" in awards officially announced by CCTV (China Central Television), China´s largest national TV network for 2004.
Only ten companies are recognised in the awards and ZTE - a winner in 2003 - was the only company chosen from the telecommunications and IT field.
CCTV acknowledged that ZTE´s success was largely due to its strategic initiatives and comprehensive advantages.
"In early 2004, ZTE identified ´internationalization, handsets and 3G´ as its overriding strategic directions, and has scored sweeping breakthroughs backed by the strenuous efforts of its people,"said Mr Yin Yimin, president of ZTE Corporation.
In 2004, ZTE recorded contract sales of RMB34 billion (approximately US$4,111 million), of which RMB13.6 billion (approximately US$1,644 million) was attributable to international sales, representing a year-on-year increase of 169.5%. Sales of handsets for the year 2004 exceeded 10 million sets, up 100% over the previous year. ZTE has achieved significant growth in both domestic and overseas markets. Capital stock in the company expanded by 40%, with the earnings per share reaching 1.05 RMB.
"ZTE´s comprehensive edge over its rivals is being fully reflected by its technical advantages, prompt response and excellent communications with operators. Backed by these factors, ZTE has harvested a resounding success in 2004, and is confident of its place as a leader in the booming global wireless and 3G markets,"added Mr Yin.
"Our upcoming emphasis will be on confirming ZTE as a globally-known telecom enterprise, while expanding its domestic market interests".
.png){kind=icon}
.png){kind=icon}
.png){kind=icon}
.png){kind=icon}