ZTE grew 50% last year in Europe and America

Morning paper reporter Xiangxiaohui Zhongxing Communications Co., Ltd. (ZTE, 000063.sz;00763. HK released its 2010 annual report last night showing revenue growth of 50% per cent in Europe and the United States. In addition, ZTE intends to invest 16 billion yuan in the construction of the "ZTE (Nanjing) three-zone research and Development base" project in Nanjing Yuhuatai District.　　The company also announced a strategic move into cloud computing in 2011. 2010 Net profit growth 32% ZTE yesterday also announced the 2010 Annual report, the company in 2010 to achieve total operating income of 70.263 billion yuan, an increase of 16.58%; attributable to the listed company's shareholder net profit of 3.25 billion yuan, the year-on-year increase of 32.22% Basic earnings per share of 1.17 yuan, an increase of 25.81%.　　Based on the above results, ZTE intends to increase its capital Provident fund to 2 shares per 10 shares and distribute 3 yuan in cash (including tax) per 10 shares. It is noteworthy that, in addition to the traditional carrier network products, 2010 ZTE Terminal product shipments to maintain a high growth rate. Terminal Products Annual operating income of 17.9 billion yuan, an increase of 37.15%.　　In addition, ZTE's annual report shows that in Europe and the United States, income growth of 50% per cent, the proportion of overall operating income to 21%, the first time to become the largest share of ZTE's overseas income region. 16 billion Nanjing Jian base ZTE Communication yesterday announced that with the development of ZTE Business, the internationalization process continues to deepen, the plan in Nanjing Yuhuatai District construction to research and development, covering training, outsourcing services in a comprehensive research and development base, a total construction area of about 1.5 million square meters, to invest a total of 16 billion yuan ( Infrastructure investment of 6 billion yuan, the project construction period is expected 10, will use its own resources to complete the project investment.　　The project will ease the company's Nanjing Research and Development Center of the future use of land pressure for business development to lay a good foundation. ZTE's board meeting yesterday approved the project's investment bill.　　However, as the total amount of investment exceeds the approval authority of the Board, it must be submitted to the shareholder meeting for approval. ZTE said yesterday that it would continue its efforts to increase market share in the country in 2011 and deepen the strategy of major power and mainstream operators overseas, from strategic participation to strategic cooperation. The company will strategically enter the field of cloud computing, IC, and increase it market expansion. At the same time, to strengthen the internet of things, the integration of three networks, the strength of enterprise and enterprise network, and constantly create new growth points.