ZTE Corporation Provides Earnings Guidance for the Third Quarter and Nine Months Ended September 30, 2018
August 30, 2018 at 07:46 am EDT
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ZTE Corporation provided earnings guidance for the third quarter and nine months ended September 30, 2018. For the quarter, the company expects net profit attributable to holders of ordinary shares of the listed company in the range of RMB 24,190,000 to RMB 1,024,190,000 compared to RMB 1,611,785,000 a year ago, decreased by 36.84% to 98.50%. Basic earnings per share in the range of RMB 0.01 to 0.24 compared to RMB 0.38 a year ago, decreased by 36.84% to 97.37%.
For the nine months, the company expects net loss attributable to holders of ordinary shares of the listed company in the range of RMB 6,800,000 to RMB 7,800,000 compared to profit of RMB 3,904,652,000 a year ago, decreased by 274.15% to 299.76%. Basic loss per share in the range of RMB 1.62 to 1.86 compared to profit of RMB 0.93 a year ago, decreased by 274.19% to 300.00%.
ZTE Corporation specializes in the design, manufacturing and marketing of telecommunications equipment and solutions. Net sales break down by market as follows:
- wired and mobile network operators (73%): sales of network systems and equipment (routers, switches, modems, servers, WLAN products, Ethernet gateways, broadband access systems, optical products, etc.);
- individuals (15.9%): manufacturing and sales of mobile devices (smartphones, phones, tablets, mobile video game terminals, smart projectors, cameras, very high speed mobile modems, etc.);
- enterprises and government organizations (11.1%): design and development of computerization solutions, interconnection and data transmission systems, data center solutions, video surveillance systems, videoconferencing equipment, network products, cloud computing architectures, etc.
Net sales are distributed geographically as follows: China (67.1%), Asia (14.5%), Europe-Americas-Oceania (13.6%) and Africa (4.8%).
ZTE CORPORATION 
