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4-Traders Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  ZTE Corporation    000063   CNE000000TK5

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ZTE Corporation : ZTE Announces Plans at IP EXPO to Expand its Reseller and Distributor Network

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10/17/2012 | 06:32am EST

ZTE extends enterprise offering into the UK

17 October 2012, Shenzhen- ZTE Corporation ("ZTE") (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment, network solutions and mobile devices, today, at IP EXPO, in London, UK, announced plans to grow its reseller and distributor network as part of its continued expansion into the UK enterprise market.

ZTE will be showcasing its extensive portfolio of cutting-edge enterprise products and solutions including cloud computing based modularIDC demos and video conferencing on its stand A12 at IP EXPO. ZTE is also introducing two new video conferencing products - a conference bridge, ZXV10 M900 and the ZXV10 T100 software client, in partnership with Touchline Video. The two companies partnered earlier this year to introduce the ZTE HD video conferencing ZXV10 T700 productsin the UK market.

"ZTE is focused on increasing visibility of the brand within the UK enterprise market. We already have an extensive portfolio including video conferencing, switches, broadband access products, CPE and cloud computing based IDC, and globally, we have a huge number of customers. We're looking to replicate this in the UK by growing our reseller and distributor base. IP EXPO provides the perfect platform for us to kick start this off,"said Mr. Paul Cobos, sales directorof ZTE UK.

"ZTE aims to provide secure, abundant and customized solutions and servicestothe enterprise customerand engage in building a win-win cooperation with partners," added Mr. Paul Cobos.

The enterprise market is one of the three strategic business sectors in ZTE, and has seen the fastest revenue growth since 2011 for ZTE. The annual sales income was 8.8 billion RMB in 2011, which is year-on-year increase of 89% over the previous year. The sales revenue is year-on-year increase of 70% in the first half of 2012. The revenue of the enterprise market is expected to reach 6 billion U.S. dollars by 2015. ZTE already has more than 1,000 channel partners globally. In the overseas market, ZTE is targeting key channel markets including USA, UK, Germany, France, Poland, Turkey Russia, Braziland India.

IP EXPO, the UK's number one IT infrastructure event, will feature the latest solutions for IP Networks, Wireless, Storage, Virtualization, Cloud Computing and Security.

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Financials ( CNY)
Sales 2016 109 156 M
EBIT 2016 3 923 M
Net income 2016 3 827 M
Finance 2016 8 291 M
Yield 2016 1,48%
P/E ratio 2016 16,50
P/E ratio 2017 14,95
EV / Sales 2016 0,47x
EV / Sales 2017 0,40x
Capitalization 59 812 M
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Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 16,6  CNY
Spread / Average Target 9,5%
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Managers
NameTitle
Xian Ming Zhao Chairman, President & Chief Executive Officer
Da Xiong Xie Chairman-Supervisory Board
Zai Sheng Wei Chief Financial Officer & Executive Vice President
Yi Min Yin Executive Director
Li Rong Shi Director
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