Chinese telecom equipment maker ZTE Corp is aiming for 200 billion yuan in revenue in 2020, double its expected record high income in 2015, a spokesman said on January 19. Shenzhen-based ZTE also aims to boost US sales to become the third largest provider of smartphones there, spokesman David Dai Shu said after the company reported a 43.5 percent increase in preliminary net profit to 3.8 billion yuan ($577.81 million).
Revenue in 2015 also rose 23.8 percent to a record high 100.8 billion yuan, preliminary results showed.
Analysts had estimated profit at 3.54 billion yuan and revenue at 94.14 billion. ZTE competes with domestic rival Huawei Technologies Co Ltd.
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