Tag: financial results

August 29, 2022

Chinese vendor ZTE reported operating revenues of CNY 59.82 billion ($8.65 billion) in the first half of the year, up 12.7% compared to the same period last year. In its earnings statement, the Chinese company said that its net profits […]

January 31, 2022

Chinese vendor ZTE reported that its net profit attributable to holders of ordinary shares of the listed company reached CNY6.5-7.2 billion ($1.02-$1.13 billion), an increase of 52.6% to 69% year-on-year. “During the year, the company, confronted with complex external environment, […]

August 10, 2021

Korean carrier LG Uplus ended the second quarter of the year with 3.73 million 5G subscribers, up 108.8% year-on-year, according to the company’s latest earnings statement. The telco added a total of 971,000 5G subscribers in the first half of […]

April 28, 2021

Chinese vendor Huawei’s business felt the impact of the ongoing U.S. sanctions in the first quarter of the year, with a 16.5% year-on-year decline in revenues. In a release, Huawei reported revenues of CNY152.2 billion ($23.5 billion) in the first […]

March 31, 2021

Chinese vendor Huawei reported its sales revenues reached CNY 891.4 billion (USD 136.7 billion) in 2020, up 3.8% year-on-year while its net profit rose 3.2% to CNY 64.6 billion, the company said in its annual report. The company said that […]

March 18, 2021

Chinese vendor ZTE said it expects its first-quarter net profit to more than double year-on-year, to an estimated CNY 1.8-2.4 billion ($276.7-368.9 million), mainly driven by continued revenue growth and improving gross margins and profitability. In its 2020 earnings statement, […]

October 29, 2020

ZTE posted operating revenues of CNY 74.13 billion ($11 billion) in the first three quarters of the year, an increase of 15.4% compared to the year-ago period, the Chinese vendor said in a statement. During the period, net profits amounted […]

August 13, 2020

China Mobile, the world’s largest operator in terms of subscribers, had a total of 188,000 active 5G base stations across the country as of the end of June, the company’s chairman Yang Jie said in a presentation. This network allowed […]

May 11, 2020

5G subscribers represented 9.4% of Korean telco LG Uplus’ overall mobile subscriber base at the end of the first quarter, the telco said in its earnings release. The carrier said that 5G subscribers amounted to 1.45 million at the end […]

April 30, 2020

South Korea tech giant Samsung Electronics expects to see a slowdown in 5G investments in the second quarter of the year due to the negative impact of the COVID-19 pandemic, JongMin Lee, VP of Samsung’s mobile communications business, said during […]

April 18, 2019

Ericsson aims to obtain a share of 5G contracts in the Chinese market once local carriers start to deploy the technology, the company’s president and CEO Börje Ekholm said during a conference call with investors. “Our estimate is that they […]

July 31, 2018

While competitors Nokia and Ericsson both reported flat to down sales, Chinese network infrastructure vendor Huawei reported revenues of CNY 325.7 billion ($47.8 billion) for the first half of the year, an increase of 15% over the same period last […]