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ZTE reports FY '15 revenue of RMB 100.19bn, up 23.0% yr/yr, profit of RMB 3.21bn
Announced Date: 4/6/2016 Published Date: 4/7/2016

ZTE has announced financial results for the full year ended December 31, 2015 as follows:

  1. Operating revenue for 2015 of RMB 100.19 billion (approximately $15.44 billion), up 23.0% compared with RMB 81.47 billion in 2014.

  2. Gross profit in 2015 of RMB 29.09 billion, up 22.7% compared with RMB 23.71 billion in 2014.

  3. R&D expenditure in 2015 of RMB 12.20 billion, up 35.4% versus RMB 9.01 billion in 2014.

  4. SG&A expenditure in 2015 of RMB 14.45 billion, up 15.3% compared with RMB 12.53 billion in 2014.

  5. Profit attributable to shareholders of RMB 3.21 billion (approximately $495 million) in 2015, compared with profit of RMB 2.63 billion in 2014.

  6. Cash as of December 31, 2015 of RMB 28.02 billion, compared with RMB 18.12 billion as at December 31, 2014.

Additional results and notes

Reported by business segment, ZTE reported revenue in 2015 as follows: Carrier Networks RMB 57.22 billion, up 30.2% year on year; Government and corporate RMB 10.50 billion, up 18.2% year on year; and Consumer RMB 32.47 billion, up 13.3% year on year.

On a geographic basis for 2015, ZTE reported revenue as follows: China - RMB 53.11 billion, up 30.9% year on year; Asia (excl. China) RMB 14.82 billion, up 22.2% year on year; Africa RMB 6.98 billion, up 13.0% year on year; and Europe, Americas and Oceania RMB 25.28 billion, up 11.9% year on year.

The company reported cash flow from sale of good and services in 2015 of RMB 107.24 billion, compared with RMB 88.61 billion in 2014.

ZTE stated that growth in revenue in 2015 reflected increased sales of 4G system products and optical access products in both domestic and international markets, and of optical transmission products in the domestic market, together with strong sales of high-end routers and handset products in international markets.