On the afternoon of the afternoon, ZTE released its third-quarter financial report in the afternoon. According to the report, in the third quarter, ZTE's revenue reached 20.948 billion yuan, an increase of 36.59% year-on-year. The cumulative revenue for the first three quarters was 58.284 billion yuan, an increase of 26.53% year-on-year. The net profit was 299 million yuan, a year-on-year decrease of 38.16%. The net profit in the first three quarters was 1.068 billion yuan, a year-on-year decrease of 21.51%.
In terms of products, the revenue of ZTE's operator networks increased by 14.98% year-on-year, which was mainly due to the increase in sales of cable products, optical communication systems, domestic GSM/UMTS system equipment, and overseas CDMA system equipment;
Revenue from terminal products increased by 53.43% year-on-year, and mobile phone sales ranked the fifth in the world. Among them, the worldwide sales of Blade mobile phones have exceeded 5 million.
Revenues from telecommunications software systems, services and other products increased by 27.95% year-on-year, which was mainly due to the increase in services and fixed-station sales.
The announcement also disclosed the progress of some of the lawsuits during the period, including Ericsson’s lawsuit against the ZTE subsidiary’s patent infringement lawsuit in April 2011 in the United Kingdom, Italy, and Germany. At present, the Italian Rome Court of Justice has rejected the Ericsson litigation request. In Germany, the ZTE subsidiary is preparing a defense statement for the relevant lawsuit. As for the British lawsuit, the trial will begin as early as June 2012.
In addition, during the first three quarters of the year, ZTE sold national technology shares for seven times and sold a total of 27,112,005 shares. As of September 30, 2011, ZTE Corporation still held 27,287,995 shares of National Technology Shares, accounting for nationals. The total share capital of technology is 10.03%, all of which are tradable shares with unlimited sales conditions.
In terms of products, the revenue of ZTE's operator networks increased by 14.98% year-on-year, which was mainly due to the increase in sales of cable products, optical communication systems, domestic GSM/UMTS system equipment, and overseas CDMA system equipment;
Revenue from terminal products increased by 53.43% year-on-year, and mobile phone sales ranked the fifth in the world. Among them, the worldwide sales of Blade mobile phones have exceeded 5 million.
Revenues from telecommunications software systems, services and other products increased by 27.95% year-on-year, which was mainly due to the increase in services and fixed-station sales.
The announcement also disclosed the progress of some of the lawsuits during the period, including Ericsson’s lawsuit against the ZTE subsidiary’s patent infringement lawsuit in April 2011 in the United Kingdom, Italy, and Germany. At present, the Italian Rome Court of Justice has rejected the Ericsson litigation request. In Germany, the ZTE subsidiary is preparing a defense statement for the relevant lawsuit. As for the British lawsuit, the trial will begin as early as June 2012.
In addition, during the first three quarters of the year, ZTE sold national technology shares for seven times and sold a total of 27,112,005 shares. As of September 30, 2011, ZTE Corporation still held 27,287,995 shares of National Technology Shares, accounting for nationals. The total share capital of technology is 10.03%, all of which are tradable shares with unlimited sales conditions.
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