ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions today announced forecast for its final results ended 31 December 2009.

For this year of 2009, ZTE’s net profit reached about RMB 2,374.09- 2,589.91 million, representing an increase of 43-56% as compared to the previous year. The basic earnings per share were RMB1.35-1.48.

ZTE attributes the substantial increase to its large-scale construction of 3G networks in China. In 2009, the Company achieved larger growth in business revenue with enhancement in its domestic market share. Meanwhile, ZTE has been committed to further strengthening its internal management as well as effective corresponding decreases in both selling expenses ratio and administrative expenses ratio.

 Source:C114