Business, Gadgets & Electronics, Telecom & Wireless

China's ZTE Posts Annual Operating Revenue Of CNY81.5 Billion

Chinese telecom device maker ZTE published its performance report for 2014, stating that its operating revenue reached CNY81.47 billion, a year-on-year increase of 8.3%; its net profit attributable to shareholders was CNY2.63 billion, a year-on-year increase of 94%; and its basic earnings per share were CNY0.77.

ZTE said that the company realized operating revenue of CNY40.58 billion in the domestic Chinese market, accounting for 49.8% of the total operation revenue of the group; meanwhile, its operating revenue in international markets was CNY40.89 billion, accounting for 50.2%.

During 2014, ZTE's wireless products saw a year-on-year sales increase of 20% and its 4G base station market share was over 25% in the global market. In the future, ZTE will continue to invest in 5G. At the latest Mobile World Congress, ZTE displayed the world's first pre-5G Massive MIMO commercial base station.

For mobile devices, ZTE shipped 100 million units in 2014, including 48 million smartphones. Meanwhile, of those smartphones, about 60% were 4G smartphones.

ZTE's research and development expense in 2014 was CNY9 billion, accounting for 11% of its total operating revenue. Statistics from World Intellectual Property Organization showed that ZTE applied for 2,179 patents in 2014.


Image Credit: Ivan Garcia

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