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Chinese vendor says its revenue exceeded 100 billion yuan for the first time last year.
ZTE on Tuesday revealed that its net profit for 2015 is likely to come in 43.5% higher than it did the previous year on revenues in excess of 100 billion yuan.
The Chinese equipment maker issued full-year financial guidance that predicts a bottom line of CNY3.78 billion (€527 million), up from CNY2.63 billion a year earlier.
It also forecast revenue of CNY100.83 billion (€14 billion) for the period, a company record and 23.8% higher than its 2014 turnover.
ZTE said higher sales at various parts of its business drove that revenue growth.
It reported an uptick in sales of LTE equipment both overseas and in China, as well as increased 4G smartphone sales outside of China.
The firm also said sales of optical network solutions grew, driven by growing demand for broadband networks, and it recorded an increase in sales of high-end routers in overseas markets.
Revenue from enterprise ICT solutions also grew last year, ZTE said, highlighting in particular sales of smart city and data centre solutions to businesses and government departments.
The vendor said its gearing ratio – a measure of debt compared with equity capital – improved during 2015 to 63.9% from 75.3% a year earlier; the improvement reflects "the stronger profitability of the company’s operations and more efficient capital management," it said.
ZTE’s earnings per share for the year to 31 December came in at CNY0.92, up from CNY0.64 in 2014.
