ZTE's deficit exceeded 2.5 billion yuan, and Huawei's net profit rose 30%

Just this past year, China's two major domestic telecommunications equipment manufacturers to form a huge contrast: ZTE deficit more than 2.5 billion yuan, Huawei's net profit rose 30%.

Yesterday, Huawei announced its 2012-year results: Global sales revenue is expected to 220.2 billion yuan, an increase of 8% per cent, net profit of 15.4 billion yuan, an increase of 33%. The night before yesterday, ZTE issued the annual deficit announcement, is expected 2012 net profit fell 221.35% to 240.77%, loss of 2.5 billion to 2.9 billion yuan. The company said the loss is due to some of the domestic system contract delay, terminal income decline, some of the international project schedule delay and other comprehensive effects. However, the company stressed that, starting from the three quarter of 2012, the company proposed strategic restructuring, is expected to turn a profit in the first quarter of 2013.

0 Point Research Consulting Group Communications Industry Advisory director Zeng said that ZTE's exposure to the annual loss is not surprising, after all, the overall downturn in the telecommunications equipment industry, Huawei is not the trend of growth is not easy. Senior Telecommunications Observer Xiang also pointed out that the strong in the field of telecommunications equipment manufacturing, especially in the industry downturn in the performance of more prominent. Huawei is now second in line, with Ericsson in the first place.