ZTE 2010 Market Share Forecasted to Go on Rising

SHENZHEN, Dec 28, 2009 (SinoCast Daily Business Beat via COMTEX) -- Being recommended by four securities firms, ZTE Corporation (SEHK: 0763 and SZSE: 000063) appears on the 2010 Golden Share Dragon & Tiger List.
The four securities firms, including China International Capital Corporation Limited, Hong Yuan Securities Co., Ltd., (SZSE: 000562), Guolian Securities Co., Ltd., as well as Central China Securities Co., Ltd., recommended ZTE mainly because the latter snatches big shares in the domestic CDMA2000, TD-SCDMA, and WCDMA markets and its profit from the overseas market rise continuously.
It is not the first time for Hong Kong and Shenzhen-listed ZTE to be on the list. The Chinese telecommunications equipment and network solution provider once appeared on the list at the end of 2008 thanks to the recommendation of six securities firms.
Amid the global economic recession, ZTE still performs will this year. The company was chosen to enlarge and upgrade the HPSA networks of KPN in Germany and Belgium, according to the report on December 23. The order is significant to ZTE. It enables the company to make achievements in the West European market, pointed out an analyst.
Compared with other players, ZTE gained faster growths in terminal sales volume in the first half of 2009, according to a report by research firm iSuppli. It is expected to completely outpace Sony Ericsson and become the world's fifth-largest mobile maker as of the end of the year.
ZTE's mobile phone shipments arrived at 14.2 million units in the third quarter of 2009, rising 38% year on year. It reaped operating revenues of CNY 15.136 billion for July-September 2009, jumping 42.81% from the period last year.
In the first three quarters of 2009, the company obtained operating revenues of CNY 42.843 billion, growing 41.27% year on year. Net profit attributable to shareholders of the listed company came to CNY 1.192 billion, rising 46.13% year on year. Basic earnings per share stood at CNY 0.68, increasing 44.68% year on year.
Telecom carriers in China just made trial 3G commercial use in 2009 and there will be more 3G users in 2010, which will bring more opportunities to equipment manufacturers.
Looking ahead, ZTE is predicted to keep a strong growth trend next year. Depending on its overseas revenue recovery and market share increase, it probably will be one of the largest beneficiaries amid the export revivification.
He Shiyou, executive vice president and executive director of ZTE, earlier said that the company hopes to grow into one of the top three mobile phone makers in the world in three to five years.

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