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

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ZTE Corporation : ZTE Showcases Complete Range of Smart Devices at CTIA WIRELESS 2012

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05/09/2012 | 05:25am CEST

ZTE Corporation ("ZTE") (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment and network solutions, is demonstrating an array of smart devices launched this year with major U.S. carriers, in addition to its global flagship devices, at the International CTIA WIRELESS 2012 conference and tradeshow in New Orleans, LA.

At CTIA 2012, ZTE is showcasing its expansive portfolio of mobile devices and wireless solutions, including smartphones, feature phones, hotspots and tablets. Among the technology on display are U.S. devices that have been launched earlier this year, including the ZTE Optik™ tablet, ZTE Score™ M, and ZTE Fury™ and Verizon Jetpack™ 890L. In addition, the V96 LTE tablet and the flagship ZTE Era smartphone will be on display for the first time in the United States.

"ZTE will dramatically expand its smart device capabilities and heighten its brand awareness in the United States in 2012," said He Shiyou, executive vice president, and head of the Terminal Handset Division, ZTE. "We are actively working to exceed industry expectations by delivering high-performance devices into the hands of our customers through our partner carriers."

In 2011, ZTE shipped 15 million smartphones worldwide, a 400 percent increase year-over-year; overall terminal products sales were up 60.4 percent from 2010. This year, ZTE expects smartphone sales to double with significant market growth in North America, Europe, and China. Growth in the United States will continue to be a leading contributor to the company's overall performance.

"The American market is on its way to becoming ZTE's largest handsets and mobile devices sales market and we will continue the momentum by bringing our full series of 4G LTE devices to the market throughout the rest of 2012," said Lixin Cheng, CEO, ZTE USA and President, North America Region, ZTE. "We are looking forward to working with our partners to expand the breadth and depth of their product portfolio and delivering high-quality, accessible devices to our customers."

ZTE is located at the New Orleans Ernest N. Morial Convention Center, booth # 4143. The company will be showcasing products from May 8 - 10, 2012. For more information on ZTE products and announcements, visit http://wwwen.zte.com.cn/en/press_center and www.zteusa.com/news.

About ZTE USA

ZTE USA is a subsidiary of ZTE Corporation (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions. ZTE USA is dedicated to making quality communications technology accessible to all. The company draws on more than 25 years of experience and research investment to deliver smart, affordable, quality choices for infrastructure and mobile data device customers nationwide. For more information, visit www.zteusa.com.

About ZTE

ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every sector of the wireline, wireless, service and terminals markets. 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 achieving continued revenue growth. ZTE's 2010 revenue led the industry with a 21% increase to USD10.609 billion. ZTE commits 10 percent of its revenue to research and development and takes a leading role in a wide range of international bodies developing emerging telecoms standards. A company with sound corporate social responsibility (CSR) initiatives, ZTE is a member of the UN Global Compact. ZTE is China's only listed telecom manufacturer, 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
ZTE USA
Mitch Peterson, +1-913-706-9529
mitchell.peterson@zteusa.com


© Business Wire 2012
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Financials ( CNY)
Sales 2016 110 829 M
EBIT 2016 3 100 M
Net income 2016 3 956 M
Finance 2016 7 133 M
Yield 2016 1,64%
P/E ratio 2016 15,51
P/E ratio 2017 13,71
EV / Sales 2016 0,45x
EV / Sales 2017 0,38x
Capitalization 56 834 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 16,3  CNY
Spread / Average Target 11%
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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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