Business Wire

ZTE First-Quarter Profit Reaches RMB950 Million After Improvements in Operating Cash Flow

Del

ZTE Corporation (H share stock code: 0763.HK / A share stock code: 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced its first quarter results for the period ending 31 March 2016.

The Group reported operating revenue of RMB21.859 billion, representing a 4.09% increase year on year. Net profit attributable to shareholders of the listed company amounted to RMB950 million, representing a 15.97% increase from the same period last year. Basic earnings per share amounted to RMB0.23. The Group’s net profit after extraordinary items, operating cash flow and net cash and cash equivalents at the end of the year all made a big progress. R&D ratio hit a historical high 13.96%.

ZTE continues to innovate in line with its M-ICT strategy and set a new record by investing 13.96% of revenue into R&D in Q1. ZTE is among the top three companies for number of PCT patents filed globally and first for the number of invention patents applied for in the mainland. ZTE has filed for more than 22,000 terminal-related patents globally, of which more than 4600 were accepted. More than 500 patent applications were related to the flagship AXON series. This is strategically significant for the internationalization of ZTE’s products, especially in Europe and North America.

In the carrier network market, with continued growth in traditional businesses including LTE and fiber optic networks, ZTE focused on developing cutting-edge technologies and sectors such as Pre5G/5G, Big Video, SDN&NFV and IOT. ZTE has become the leader in Pre5G/5G and a driver for commercial trials through deep collaborations with Softbank and China Mobile, winning the CTO choice award at MWC 2016 as a result. ZTE innovated in sectors such as SDN/NFV and next generation IOT through strategic collaborations with the mainland’s three biggest operators. ZTE’s competitiveness in Big Video also continues to increase, helping operators fulfil the dream of 4K video in the home. ZTE’s converged content delivery network (CDN) products are now commercialized in 80 locations globally with maximum concurrent capacity at 30T.

In the enterprise business, ZTE has won contracts and commenced deployment of Smart City 2.0 solutions in mainland cities including Shenyang and Huaian and has achieved breakthroughs in Europe’s high-end market. Smart rail transport is continuing to grow with major projects in Denmark, Greece and India. ZTE continues to gain competitiveness in the smart energy sector with private power line LTE wireless networks commercialized in more than ten cities in China and power line communication products and solutions breaking through in Africa.

For consumer business, network video communication products and TV set-top boxes are winning an increasing percentage of the global market. ZTE continues to sharpen focus on the high-end smartphones market with the flagship AXON series and Blade A1 series continuing to gain traction and reputation. ZTE’s innovative smart projector Spro Plus is gaining recognition in overseas markets. ZTE has recently sponsored five NBA teams in the US, the Sevilla Football Club in Europe, and will continue to partner with more sports teams to complement its progress in the overseas market. ZTE will also be launching the next-generation AXON phone in the near future.

Looking towards the next quarterly announcement, ‘multiple connections and ultra-broadband’ will become the new trademarks of the M-ICT era. Network operators will benefit from ZTE’s increased value on smart networks to support operators’ transformation from telecommunications operators to information carriers. For Enterprise business, ZTE will continue the focus on key industries and markets, streamlining standard operations and speed-up replication of successful examples to solidify its position in the industry. For Terminal business, ZTE will continue to fortify its competitiveness by increasing brand awareness. Concurrently, ZTE will continue to increase internal managerial efficiencies, especially in talent acquisition to advance core R&D to advance its M-ICT strategy journey.

Contact information

ZTE Corporation
Margrete Ma, +86 755 26775207
ma.gaili@zte.com.cn
or
Edelman PR
Sofia Yip, +852 2837 4768
sofia.yip@edelman.com
Gladys Kwok, +852 2837 4730
gladys.kwok@edelman.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Department for International Trade: Life Sciences at the Heart of UK Economy18.7.2018 12:38Pressemelding

The Government will today (Wednesday 18 July) host the second in a series of roundtables with stakeholders from key life science businesses, demonstrating the importance of the sector to the UK economy. The Chancellor, International Trade Secretary, Business Secretary and Health and Social Care Secretary will be amongst those that meet with senior representatives from leading UK and international life sciences companies as the UK positions itself as the global home of health innovation, welcoming overseas investment and seeking to boost exports in the process. Discussions at the roundtable will focus on how the future of the Life Sciences sector will be supported by the delivery of our modern Industrial Strategy, ensuring that the UK is ‘open for business’ with a positive business environment, our ambitions for a comprehensive agreement with the EU on our future relationship and the development and implementation of our independent trade policy. To date, the government has engaged sign

Universal Laser Systems Expands Its Materials Database with 3M, Victrex and Dexmet Materials18.7.2018 12:05Pressemelding

Universal Laser Systems (ULS) announces the addition of 3M™, Victrex® and Dexmet materials to its materials database, the most extensive repository of laser material processing parameters for materials in the range of 10 watts to 500 watts. The 3M, Victrex and Dexmet materials new to the ULS materials database were specifically added for laser processing with the ULTRA and XLS platforms, suited for high accuracy and precision laser cutting, laser ablation and laser surface modification. The materials include: 3M™ Extreme Sealing Tape 4412N 3M™ Thermally Conductive Silicone Interface Pad 5516 Victrex® APTIV® PEEK Film Dexmet PolyGrid® 8PTFE10-125ST Expanded PTFE Dexmet MicroGrid® AL 25 Expanded Aluminum Laser processing notes, describing the results of the laser-material interaction for these materials, are also available in the Materials Library on the ULS website to help potential customers explore the advantages of deploying laser technology within their manufacturing, research and d

Sterigenics Expands European Capacity With New State-of-the-Art Gamma Sterilization Facility in the UK18.7.2018 12:00Pressemelding

Sterigenics, a Sotera Health company and leading global provider of mission-critical sterilization solutions and expert advisory services, announced today it is building a new facility in Markham Vale North in Chesterfield/Derbyshire, UK. The facility will significantly expand Sterigenics’ footprint in Europe to help meet the growing sterilization needs of its customers and support the company’s mission of Safeguarding Global HealthTM. Scheduled for completion in the fourth quarter, 2018, the facility will include the installation of a state-of-the-art Nordion JS10000 gamma irradiator with a research loop. The new 60,000-square-foot facility will add gamma sterilization capabilities in the UK to complement Sterigenics’ existing ethylene oxide (EtO) facility based in Somercotes/Derbyshire. “Sterigenics is committed to being the world’s leading provider of sterilization services and partnering with our customers to eliminate threats to human health,” said Philip Macnabb, President of Ste

Smiths Detection Technology Chosen for Standard 3 Upgrade at Helsinki Airport18.7.2018 09:05Pressemelding

Smiths Detection has been selected by Finnish airport operator, Finavia Corporation, to support the transition to Standard 3 at Helsinki Airport with approved hold baggage screening systems. Included in the contract are eight high-speed, HI-SCAN 10080 XCT scanners, which combine high resolution X-ray technology, computed tomography (CT) and advanced detection algorithms to increase both security and operational efficiency significantly. Security, speed and efficiency are critical to the extensive development programme underway at the airport, which will allow the airport to serve 30 million passengers annually and increase baggage handling capacity by 50%. “Any financial investment in upgrading security equipment has to be balanced against operational improvement, particularly when part of a major expansion. Airports need assurance that efficiencies will be gained and systems can be further updated as necessary to detect evolving explosive threats and handle ever higher volumes,” comme

Norsk Titanium Continues to Grow in the State of New York18.7.2018 07:00Pressemelding

Norsk Titanium (Norsk), the world’s first FAA-approved supplier of aerospace-grade, additive manufactured, structural titanium components, announced another major milestone in qualified production. Norsk’s Plattsburgh Development and Qualification Center (PDQC) site was officially added to the Spirit AeroSystems Approved Suppliers List (ASL) in anticipation of the start of qualified production later this year. Partnered with the recent announcements of PDQC being added to the Boeing’s Qualified Producer’s List (QPL) list and its certification under AS9100D, this new qualification is key to furthering the availability of Norsk’s disruptive technology in the aerospace market. Spirit AeroSystems is the world’s largest independent aerostructures manufacturer. “These significant achievements have been made possible by the foresight and commitment made to Norsk by the State of New York and Empire State Development. We are extremely proud of our PDQC quality and operations teams and appreciat

The Best User Interface in Mobile and Web Tracking Just got Better18.7.2018 06:00Pressemelding

ThriveTracker, a leading web and mobile tracker for media buyers and performance marketers, today announced the general availability of its latest release featuring an all-new user interface (UI). Inspired by feedback from customers and partners, ThriveTracker designed the new UI to accelerate user adoption, improve usability and increase productivity. ThriveTracker focused on the user experience for all users regardless of device, (Desktop, Mobile, etc.), making it more intuitive and accessible. Improved navigation provides simplified access to frequently used functions in the platform, increases customer awareness of more advanced functionality and delivers fast access to detailed content when necessary. Cleaner, simpler, modern UI Clear, consistent navigation focuses your attention on where you are and what you can do Improved layout delivers common functions intuitively Simplified views provide faster access to relevant content Mobile Friendly Mobile responsive based on device New