China's ZTE has reported a net profit of RMB109.86 million (US$16.09 million) in these three months. A rise of 39.68% from RMB78.66 million (US$11.52 million) recorded in the same period last year. Revenue rose 13.59% to RMB13.26 billion (US$1.94 billion) from RMB 11.67 billion (US$1.71 billion) compared with the same period last year.
In the review period, the Group says that it maintained growth at a relatively stable pace. The market position in China has been enhanced by ZTE's deliveries in 3G mobile network construction, while there were outstanding results in the sales of terminals and relevant carriers' network products.
Internationally, ZTE sustained growth in various regional markets with the benefit of investments in equipment in emerging markets which enjoyed early economic recovery.
By product category, ZTE's business segment of carriers' networks reported 0.9% growth compared with the same period last year, driven mainly by revenue from the sales of optical communication products and wireline switch and access products. The terminal segment reported sales growth of 41.8% year-on-year, attributable mainly to the rapid growth in the sales of high-end products featuring mainly 3G handsets. Revenue from telecommunications software systems, services and other products also grew by 40.8%, reflecting mainly growth in revenue from enterprise network products and servicing products.
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