China Wireless 09 Net profit of 211 million yuan to achieve loss

April 16 Afternoon News, Yulong Communications parent company China Wireless released today's 09-year earnings report, the annual net profit of 240 million Hong Kong dollars (about 211 million yuan), revenue rose 1.59 times times to HK $2.605 billion (about 2.291 billion yuan). As at the end of December 2009, China's wireless net profit of HK $240 million was attributable mainly to a significant increase in revenue, as well as a decline in sales, distribution costs and administrative expenses as a percentage of the group's sales.　　During the period, revenue rose 1.59 times to HK $2.605 billion, and the overall increase was mainly attributable to the group's direct benefit from the rapid growth in the domestic CDMA mobile phone market and the surge in demand for unimpressed smartphones such as TD-SCDMA and CDMA (EVDO) handsets.　　The CDMA dual-mode smartphone revenue grew 61.9% to HK $1.011 billion, mainly because of the rapid rise in its CDMA dual-mode smartphone business following the completion of the restructuring of the telecoms industry in mainland China in 08.　　TD-SCDMA/GSM's dual-mode smartphone dropped 84.67% to HK $22.4 million after the group moved to develop more TD-SCDMA/GSM dual-mode smart phones in 09, without introducing any new gsm/gsm-mode cool smartphones. China's wireless performance said that the 09 td-scdma/gsm dual-mode smartphones increased by 11.7 times to HK $719 million, the increase in the major year to its operators to introduce a large number of customized TD-SCDMA/GSM dual-mode cool smartphones, the group successfully launched two td-scdma/ GSM high-end dual-mode cool smart phone, a TD-SCDMA/CMMB high-end TV dual-mode cool smart phone and a fashionable entry-level td-scdma/gsm dual-mode cool smart phones, annual shipments of about 500,000,　　08 is 15,000, and the group has become one of the largest suppliers of TD-SCDMA terminals in mainland China. CDMA Single Mode Smartphone, With 09 years ' income of 4.37 times to 836 million Hong Kong dollars, the increase was mainly attributable to the group's expansion of its portfolio to the middle and low-end CDMA mobile phone market in the review year, 09 group successfully launched to domestic CDMA network operators four with a number of landmark features Low-cost smartphone; In addition, the introduction of low-end CMDA smart phone　　Greatly broaden the group's market share. China Wireless expects the domestic 3G handset market will have the rapid growth this year, will plan to develop the variety handset, its series plans to open up 10 TD-SCDMA (HSDPA)/gsm dual mode cool intelligent handset, 10 CDMA (EV)/GSM dual mode cool smart phone and 4 section wcdma/ GSM dual-mode Cool smartphone, the group will be launched in 2010 more low-end cool smart phones, and further expand its market share. In addition, the Group will endeavour to expandIts product portfolio, in response to the rise of the 3G access Equipment market to develop a series of wireless data card and network, so I believe the group's business scope and depth will be further expanded and deepened in 2010.　　China Wireless said that, as a result of the 2010 product portfolio transfer In the low-end market, the domestic low-end mobile phone market will be increasingly fierce competition, so that its average price and gross profit margin continue to be under pressure, but for the future development full of confidence, seize the domestic 3G smartphone market rapid development of business opportunities. The main customers of China Wireless group smartphone products are Chinese telecom operators and other industry users. Yulong Computer Communications Technology (Shenzhen) Co., Ltd. for China's wireless indirect wholly-owned subsidiaries, Cool is the company's mobile phone product brand name. (Roy)