ZTE to Surpass CNY100 Billion

By Tom Allen
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ZTE has issued guidance for its full-year 2015 profits. These are expected to climb 43.5% YoY.

Net profit attributable to shareholders will be CNY3.78 billion ($574.6 million), compared to CNY2.63 billion ($400 million) in 2014. Full-year revenue is forecast at CNY100.8 billion ($15.3 billion), up 23.8% from 2014 – and the first time that ZTE’s revenue is poised to surpass CNY100 billion.