ZTE Corp announced that it witnessed revenues of $ 8.8207 billion in 2009 at 36.08% yearly growth rate with net profit at $ 359.7 million. The net is seen at a yearly rise of 48.06%.

EPS for the year 2009 was at $ 0.21 while net cash flow from operating was $ 0.28.

The company’s Board recommended dividend in the form of creation of 5 shares for every 10 shares and a cash dividend of $ 0.44 for every 10 shares.

Revenues from domestic market stood at $ 4.5 billion at 74.04% growth with the company benefiting out of setting up a 3G network for the domestic operators. Domestic sales for solutions employing technologies TD-SCDMA, CDMA and XPON products were also on a rise.

International sales reached $ 4.37 billion at 11.34 % rise and accounted for 49.56% of the total revenues. ZTE attributed its strong financial results inspite of operators reducing their capex in 2009 to cost-competitiveness, technological edge and financial strengths.

Mr. Hou Weigui, Chairman of ZTE, said, “In 2009, our Group attained significant breakthroughs and growth in the mainstream product of carriers’ network. In the mainstream market, we topped the overall ranking for the PRC 3G market during the reporting period, while revenue from Europe and America was growing fast as a percentage of the Group’s sales revenue from international markets. We succeeded in making major breakthroughs in the mainstream market on the back of our strengths in research and development as well as our ability in swift network delivery, winning contracts to build commercial networks in major cities around the world for mainstream carriers such as CSL, KPN and Telenor.”

Mr. Hou concluded, “In the coming year, we will focus on improving its capabilities in integrate solutions and strive to constantly improve the quality of networks provided to customers by enhancing its competition strategy, product planning, product delivery and market behaviour, etc. Meanwhile, we will persistently observe the priority, working to increase our efficiency and pursue internationalization in greater depth, laying solid foundations for our growth into a top-rate world-class enterprise as we take advantage of the opportunities at hand.”