A few days ago, ZTE Corporation released its annual performance report for 2012. In the report, it is forecast that the maximum loss will be 2.9 billion yuan in 2012. It is reported that due to the impact of losses in the second half of 2012, ZTE Corporation made losses in 2012 more. According to the forecast, ZTE will lose 2.5 billion yuan to 2.9 billion yuan. Operating income decreased slightly from the previous year, and the overall gross profit rate decreased by about 7 percentage points from the previous year.
In response, ZTE stated that the cause of the loss of the company's annual performance was mainly due to the delay in the signing of some domestic system contracts, the decrease in terminal revenue, and the delay in the progress of some international project projects. Compared with the net profit of 2.06 billion yuan in the same period in 2011, it decreased 221.35% to 240.77%.
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