ZTE full-year revenue hits RMB101.2 billion as carrier networks, consumer business grow

SHENZHEN – China’s  ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, has reported full-year revenue of RMB101.2 billion for 2016, bolstered by growth in the company's Carrier Networks and Consumer businesses. Operating profit increased to RMB1.17 billion.

Net loss attributable to ordinary shareholders of RMB2.36 billion included a provision of about US$892 million related to settlement of an IP case in the United States . Without the provision, ZTE would have posted net profit of RMB3.83 billion, 19.2% higher than a year earlier.
Revenue in the Carrier Networks division increased to RMB58.9 billion in 2016, as ZTE network solutions, including Pre5G, Big Video and Network Virtualization and Cloudification were deployed by more operators around the world.
ZTE's Pre5G solutions, including Massive MIMO, enable operators to fast-track the application of next-generation 5G technologies on existing 4G LTE network infrastructure, and are deployed in more than 40 networks in over 30 countries.
ZTE SDN (software-defined networking) and NFV (network functions virtualization) solutions are deployed in more than 180 networks globally, with the company adding more than 40 new projects in 2016.
Consumer Business revenue rose to RMB33.5 billion , as ZTE smartphones and devices consolidated their market in the US, Europe and Australia. ZTE is among the Top-4 smartphone providers in the US, and has moved up to No. 5 position in Europe and to N. 3 in Australia,
In Government and Corporate business, ZTE posted revenue of RMB8.9 billion in 2016.
ZTE said that, with ongoing focus on innovations in next-generation network and ICT technologies including 5G, cloud computing, Big Data, semiconductors and the Internet of Things, ZTE was ranked No. 1 in the latest international patent rankings published by the World Intellectual Property Organization. ZTE filed 4,123 applications for patents under the Patent Cooperation Treaty (PCT) in 2016, more than any other company, according to WIPO data.
ZTE is building on its 5G network innovations with more than 1,500 related patent applications, and has strategic alliances on 5G research with leading operators including Deutsche Telekom, Telefonica, SoftBank, China Mobile, KT Group, China Unicom and China Telecom.

At the Mobile World Congress 2017, ZTE released a new series of 5G base stations for low- and high-frequencies, as the company expects to begin 5G pre-commercial deployments in the third-quarter of 2018. www.zte.com www.zte.com.au (ATI).