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Huawei revenue soars 37% to CNY 395 bln in 2015
2016-04-01 08:54:00| Telecompaper Headlines
(Telecompaper) Huawei reported revenues of CNY 395 billion in 2015, up 37 percent year-on-year and its largest revenue growth since 2008, driven by smartphone sales and widespread 4G network rollout. The China-based company said its Carrier, Enterprise and Consumer segments all achieved strong year-on-year growth, increasing by 21 percent, 44 percent and 73 percent respectively. The Carrier division was boosted by global adoption of 4G technology while the Enterprise group experienced rapid growth in the public safety, finance, transportation and energy sectors. The performance of the Consumer division, meanwhile, was a direct result of increased global demand for the company's products, said Huawei, above all the 100 million-plus smartphone shipments in 2015, a 44 percent annual rise.
Tags: revenue
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America's last flatware maker, CNY firm, wins 'Made in USA' dispute
2016-03-11 01:46:24| Jewelry - Topix.net
Sherrill Manufacturing in Oneida County, America's only remaining flatware maker, has won a federal dispute over 11 companies that falsely claimed their forks, knives and spoons are made in the United States, according to U.S. Sen. Charles Schumer. The victory is expected to boost Sherrill Manufacturing , which took over the Oneida Ltd. factory in 2005 and has since become one of the top flatware suppliers to the U.S. military and federal agencies that buy American-made products.
ZTE revenues up 24% to over CNY 100 bln in 2015
2016-01-19 12:44:00| Telecompaper Headlines
(Telecompaper) ZTE reported net profit for 2015 up 43.5 percent to CNY 3.78 billion. Revenues increased 23.8 percent to top CNY 100 billion for the first time, and operating profit jumped to CNY 1.04 billion from CNY 60.3 million a year earlier, according to the company's preliminary report. ZTE attributed the strong growth to sales of LTE network equipment, both abroad and at home in China, as well as sales of optical network equipment, high-end routers, enterprise ICT equipment and 4G smartphones. The company said it also improved its debt ratios, reduced interest expenses and increased cash flow in the past year. ZTE will release a full annual report 23 March.
ZTE to invest CNY 4 bln in Changsha R&D, production site
2015-12-28 17:08:00| Telecompaper Headlines
(Telecompaper) The board of ZTE has approved plans to invest CNY 4 billion in a new R&D and production facility in the Changsha Hi-Tech Zone in Hunan province. The 260,000 m2 facility will develop and produce set-top boxes and other 'smart' equipment, internet and storage products and software for wireline communications, cloud terminals and related business, ZTE said. As the planned investment is worth more than 10 percent of the company's current assets, it remains subject to approval by a general meeting of shareholders. ZTE said construction of the new site is expected to take five years.
Tags: site
production
invest
cny
Baidu sees Q3 net income drop 26.7% to CNY 2.8 bln
2015-10-30 09:34:00| Telecompaper Headlines
(Telecompaper) Chinese internet search provider Baidu reported total revenues of CNY 18.383 billion (approximately USD 2.892 billion) for the third quarter of 2015, which represents a 36 percent increase from the third quarter of 2014. Mobile revenue accounted for 54 percent of total revenues for the third quarter of 2015, compared to 37 percent for the corresponding period in 2014. Third-quarter net income plunged 26.7 percent to CNY 2.841 billion (approximately 447 million) at 30 September 2015.