ZTE revenue grows 23.4% in 2011

ZTE has recorded a consolidated revenue of RMB 86.25 billion in 2011, an increase of 23.4% compared to 2010. Net profit was RMB 2.06 billion, down 36.6% from 2010's result.

The Group's domestic and overseas operating revenue grew 22.7% and 24% year-on-year respectively. In 2011, ZTE's terminal products sales continued to grow, with operating revenue of RMB 26.93 billion, up 52.6% from the previous year, said a release.

The operating revenue of ZTE stood at RMB 39.50 billion from the domestic market, accounting for 45.8% of overall operating revenue and representing a year-on-year growth of 22.7%. While the operating revenue of overseas market is RMB 46.76 billion during the period, accounting for 54.2% of overall operating revenue and representing year-on-year growth of 24%.