Sales Grew by 30% over Same Period Last Year
29 April 2009, Shenzhen, China - ZTE Corporation (“ZTE” or the “Group”) (H share stock code: 0763.HK / A share stock code: 000063.SZ) today announced that its terminal products recorded 10 million units shipped globally in Q1 2009, representing an increase of 30% compared with the same period last year. This significant achievement highlights ZTE’s leadership in the terminal market; adding significantly to China’s position as the fastest growing market globally.
In Q1 2009, 68% of ZTE’s terminal shipments were to overseas markets, delivering terminals to over 100 countries and regions. During this time, ZTE’s CDMA handsets recorded an impressive 2.5 million shipment in global market, exceeding the total CDMA handsets shipment volume in 2008.
In addition, ZTE provided more than 2 million data cards to the global market in Q1 2009. In 2008, the group shipped 10 million data cards to its worldwide customers, registering a remarkable 426% increase over 2007 and setting a world record as the fastest growing company in the data card market.
ZTE continues to solidify its 3G strategy and has recently launched its newest 3G terminal products for TD-SCDMA, CDMA and WCDMA divided into nine different terminal categories and 40 product types. The latest IT gadgets include mobile handsets, data cards, netbooks, monitors, digital photo frames, wireless phones, home gateways, modules and wireless walkie-talkies which are all parts of the comprehensive array of the company’s 3G devices.
Based on a report entitled "2008 China 3G Terminal Market Development" released by CCID, a well-known industry research company in China, ZTE's terminals products attained a total market share of 37.8% in 2008, topping the entire China market.
According to ZTE’s Q1 2009 earnings announcement, the Group recorded RMB 11.67 billion in revenue, representing an increase of 35% compared with the same period last year, largely driven by the excellent growth from 3G terminals and CDMA handsets. Revenue from mobile handset products grew by 22.2% against the same period last year, representing a notable rise in product sales.
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