ZTE Corp reported on Monday Q1 revenue of 27.9 billion yuan (US$ 4.3 billion), up 6.4 percent. Net profit attributable to shareholders was 2.2 billion yuan, up 1.6 percent. Net profit after deducting non-recurring gains and losses was 2 billion yuan, up 117 percent. Basic earnings per share were 0.47 yuan.
Since last year, ZTE has divided its business into first and second curves, based on products. The first curve is communication technology, which is expected to maintain steady growth of more than 10 percent. The second curve is emerging business, expected to high growth and become a mainstream domestic supplier within three years.
