ZTE announced that its operating revenue rose to CNY 58.29 billion for the nine months ended 30 September, an increase of 26.5 percent year-on-year. Net profit was down 21.5 percent to CNY 1.07 billion due to increased financial expenses. Revenue from terminal sales increased 53.4 percent year-on-year, and sales of software systems, services and other products rose 28 percent as a result of an increase in fixed terminals and services sales. The company also reported year-on-year growth of 15 percent in carrier network revenue. This increase was attributed to increased sales of ZTE's wireline products, optical communications systems, domestic sales of GSM/UMTS system equipment and international sales of its CDMA equipment. Looking ahead to 2012, ZTE said it will focus on projects that aim to expand or upgrade wireless networks globally. It also will seek opportunities in the ICT industry and related smart terminals market.
