Gadgets & Electronics, Telecom & Wireless

ZTE Made CNY1.766 Billion Net Profit In H1 2016

Chinese telecom device maker ZTE says its net profit attributable to shareholders was CNY1.766 billion, a year-on-year increase of 9.33%, during the first six months of 2016.

Then company published its semi-annual performance report, stating that from January to June 2016, ZTE realized operating revenue of CNY47.757 billion, a year-on-year increase of 4.05%.

Meanwhile, the report showed that ZTE's net profit excluding non-recurring gains and losses was CNY1.673 billion, a year-on-year increase of 78.38%; its basic earnings per share was CNY0.43; and its net cash flow from operating activities was CNY2.355 billion, a year-on-year increase of 56.17%.

ZTE's operating revenue in the domestic Chinese market reached CNY27.803 billion, accounting for 58.22% of its total operating revenue; and its operating revenue from international markets was CNY19.954 billion, accounting for 41.78% of its total operating revenue. The company's carrier network business, consumer business, and government and enterprise business all achieved increase compared with the same period of last year and the revenue was CNY28.735 billion, CNY14.415 billion, and CNY4.607 billion, respectively.

ZTE's operating profit reached CNY3.331 billion and its operating profit rate was 7%, which was a new height over recent years. During the first half of 2016, ZTE invested CNY7.059 billion in research and development, which was nearly 15% of its operating revenue.

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