ZTE saw its first-half net profit jump 29.8 percent to CNY 2.29 billion. Profit growth was mainly boosted by the company's mobile network and smartphone businesses. Basic earnings per share increased to CNY 0.55. First-half revenue also increased by 13.1 percent to CNY 54.01 billion.
The Carrier Networks division accounted for 59.9 percent of ZTE’s total revenue in the 6-month period. ZTE achieved a year-on-year growth of 41.7 percent in self-developed chip shipments in the first half of 2017.
In the Consumer division, ZTE posted growth in both operating revenue and gross profit. The company's handset sales channels cover over 160 countries and regions. ZTE report it ranks fourth in the US smartphone market and ranks among the top five in countries including Australia, Germany, Canada and Spain. ZTE's terminal STB shipments rose 15 percent year-on-year in the first six months of the year, exceeding the annual shipments in 2016.
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