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

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ZTE Corporation : ZTE Selected by STC Group as Preferred Global Vendor

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02/28/2013 | 05:30am CET

ZTE strengthens accord with biggest operator in Middle East & North Africa

ZTE Corporation ("ZTE") (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, was selected as one of the preferred global vendors by STC Group, the largest telecommunication services provider in the Middle East & North Africa.

The agreement between ZTE and STC Group, announced at the Mobile World Congress conference in Barcelona, will allow ZTE to offer its portfolio of network infrastructure equipment through a global price structure based on total business located in Bahrain, India, Indonesia, Kuwait, Malaysia, Saudi Arabia, South Africa and Turkey.

In the 2012 financial year, STC Group reported revenue increased 6.7% to US$15.8 billion.

About ZTE

ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while growing revenue. In 2011, ZTE's revenue increased by 29 per cent to USD13.7 billion. Its overseas operating revenue grew 30 per cent to USD 7.4 billion during the period, accounting for 54.2 per cent of overall operating revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China's only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.

ZTE Corporation
Margrete Ma, +86 755 26775207
ma.gaili@zte.com.cn
or
Edelman PR
Diana Pong / Andres Vejarano
+852 2837 4734 / 2837 4735
diana.pong@edelman.com
andres.vejarano@edelman.com


© Business Wire 2013
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Financials ( CNY)
Sales 2016 108 872 M
EBIT 2016 3 179 M
Net income 2016 3 803 M
Finance 2016 7 395 M
Yield 2016 1,27%
P/E ratio 2016 18,71
P/E ratio 2017 16,82
EV / Sales 2016 0,54x
EV / Sales 2017 0,47x
Capitalization 66 529 M
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Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 16,3  CNY
Spread / Average Target -5,1%
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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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