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ZTE Reports RMB100.1Bn In Revenues For 2015

China

ZTE Reports RMB100.1Bn In Revenues For 2015

Telecom network vendor ZTE announced the 2015 revenue split up for telecom network, enterprise and consumer device businesses. It has registered a total of RMB100.19 billion for 2015, marking a 23% increase in revenue. ZTE also reported RMB3.21 billion in net profit for 2015.

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4G products, smart city and emerging ICT technologies are the factors that contributed to this growth in revenue, said ZTE. From the carrier network business, ZTE earned RMB57.22 billion, whereas from enterprise business, it generated RMB10.50 billion. ZTE made RMB32.47 billion from the consumer business.

“The growth in revenue reflected increased sales from 4G system products and optical access products in the domestic and international markets and optical transmission products in the domestic market. High-end routers and handset products in the international market and family terminals in the domestic and international markets also saw significant growth,” the company said in its statement.

In 2015, ZTE sold 15 million smart phones in the US, growing over 30% year-on-year. Smartphone shipments totaled more than 56 million units, an increase of 16% year-on-year, with overseas shipments exceeding 70% growth. From the international markets, ZTE reported operating revenue of RMB47.08 billion, registering 47% of the operating revenue.

ZTE generated operating revenue of RMB53.11 billion in China, accounting for 53% of its overall operating revenue.

“In 2015, domestic carriers expanded the scale of construction of planned 4G networks and their ancillary facilities following the issuance of FDD-LTE permits. Carriers were increasingly concerned with and increased their investments in cloud computing, ‘Internet of Things,’ big data, smart city and high-end routers,” the statement said.

Ria Lakshman. V is a lead news writer at The Telecom Times. She studied Journalism at Manipal School of Communication and proceeded to work in newspapers and magazines, with technology as her focus area. Passionate about Telecommunications sector, her move to 'The Telecom Times' was a natural choice. Alongside, she also writes for Telecom Talk, where she covers news and tech commentaries in the sector of telecom. In the free time, Ria loves to go camping, read books, or sketch illustrations. She also runs a local design studio and promotes eco-friendly crafts. Ria can be found sharing her knowledge and insights on Twitter.

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