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ZTE


ZTE, also known as Zhong Xing Telecommunication Equipment, is a provider of telecommunications equipment and network solutions.

Founded in 1985 with ties to the People's Liberation Army, the company is based in Shenzhen, China, and has about 50,000 employees, of which 8,000 are working in some 100 representative offices around the world. Since 1996, ZTE has provided products and services to 135 countries and regions.

The Chinese giant is big on research and development (R&D), and has more than 33 percent of its workforce and 10 percent of its annual revenues dedicated to R&D. By the end of 2007, ZTE had applied for some 12,000 national and international patents. Of these, 90 percent are innovation patents with associated intellectual property rights.

Recently, ZTE inked a 1.33 billion yuan (US$193 million) contract with China Telecom to expand the telco's newly acquired mobile network.

This company is listed in Networking & Communications.



Financials
Fiscal year-end December FY08 FY07 FY06 FY05 FY04
Global revenue (US$millions) — 4,720.6 2,968.0 2,671.7 2,742.5
Global full-year net income (US$millions) — 197.0 115.5 166.3 146.3
Average year-on-year revenue growth over 4 years 22.52%
Average year-on-year net income growth over 4 years 17.89%
Percentage of revenue from Asia (including Japan/Korea) 27.8%

Operations
Founded 1985 Shenzhen China
First Asian office 1985 China
Global employees 48,261
Global employees in Asia —
Asian economies: Total 3 China, India, Indonesia

* Data correct as of October 2008. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites and financial news sites. ZDNet Asia strived to get the latest information but does not guarantee the correctness or completeness of the data. The information provided on this site is for general informational purposes only and is not an offer to buy or sell any securities.

ZDNet Asia Top Tech categories
Systems  |   Networking and communications  |   Storage management  |   Security  |   Software infrastructure  |  
Services  |   Business applications  |   Internet services  |  


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