ZTE 2003 ZTE CORPORATION 1
3 4 5 7 10 12 22 26 58 2
2003 3
CDMA: Code-Division Multiple Access WCDMA ADSL: C CDMA WLAN Wireless Local Area Network WLAN DSLAM (Digital Subscriber Line Access Multiplexer) ATM Frame Relay IP DSLAM Internet SDH Synchrorous Digital Hierarchy PCS Personal Communication System PHSPersonal Handphone System 4
: ZTE CORPORATION ZTE A A 000063 518057 http://www.zte.com.cn info@mail.zte.com.cn 0755-26770282 0755-26770286 fengjianxiong@mail.zte.com.cn http://www.cninfo.com.cn A 5
1997 11 11 710 6 2003 8 4 4403011015176 44030127939873X 44030527939873X 2072 8 2003 6 30 2002 12 31 12,044,311,325.65 10,637,089,551.94 8,148,686,970.21 6,651,195,641.73 13,962,691,858.00 12,405,770,105.81 ( ) 4,471,257,114.60 4,276,412,947.72 *6.70 7.69 *6.40 7.50 * 2002 10 2 194,781,814.49 133,995,226.84 177,830,860.82 90,862,337.59 (%) 4.36% 3.39% *0.292 0.241 724,307,961.35 397,688,928.71 * 2002 10 2 : : 38,000.00 32,491,408.46 15,578,454.79 16,950,953.67 6
1. 346320000 69,264,000 415,584,000 321984000 64,396,800 386,380,800 24336000 2. 3. 4. 346,320,000 4,867,200 69,264,000 29,203,200 415,584,000 1. 209,760,000 41,952,000 251,712,000 2. 1 2 209,760,000 41,952,000 251,712,000 556,080,000 111,216,000 667,296,000 2003 5 23 2002 2002 12 31 10 2 1. 66,947 7
2. 2003 6 30 +- (%) 1 352,684,800 +58,780,800 52.85 2 17,971,200 +2,995,200 2.69 3 11,232,000 +1,872,000 1.68 4 10,507,457 +9,411,654 1.58 5 7,319,420 1.10 6 6,148,540 0.92 7 5,616,000 +936,000 0.84 8 5,616,000 +936,000 0.84 9 5,616,000 +936,000 0.84 10 5,616,000 +936,000 0.84 1 2003 5 23 2002 2002 12 31 10 2 2 3 2002 12 31 100 8
3. 1 2 --- 9
() () () 1 67,600 13,520 81,120 2 122,000 24,400 146,400 3 67,600 13,520 81,120 4 53,200 10,640 63,840 5 50,560 10,112 60,672 6 11,520 2,304 13,824 7 11,520 2,304 13,824 8 53,200 10,640 63,840 9 53,200 10,640 63,840 10 22,992 4,598 27,590 11 43,800 8,760 52,560 12 34,309 6,862 41,171 13 24,910 4,982 29,892 14 18,780 3,756 22,536 15 52,500 10,500 63,000 16 13,500 2,700 16,200 17 5,500 1,100 6,600 2003 5 23 2002 2002 12 31 10 2 10
2003 4 25 2002 2003 7 22 2003 15 5 2003 7 22 2003 11
16 2199.7 12.1 46.2 9000 5185.6 4.72 2338.8 2846.8 2.37 2.35 785.1 54.9 23.8 1. 5,868,203,663.59 3,969,834,804.19 47.82% 2,067,795,286.95 1,511,528,386.85 36.80% 194,781,814.49 133,995,226.84 45.36% 724,307,961.35 397,688,928.71 82.13% -17,515,120.00 247,612,345.24-107.07% 12
2. 2003-6-30 2002-12-31 13,962,691.858.00 12,405,770,105.81 12.55% 1,750,266,683.80 1,710,881,956.35 2.30% 5,211,196,647.75 3,241,454,163.64 60.77% 4,471,257,114.60 4,276,412,947.72 4.56% 2003 58.68 47.82% 1.95 45.36% 3,023,244,973.78 51.52% 1,927,802,930.4 36.23% 7 823,162,582.21 14.03% 444,885,288.46 45.95% 961,830,706.3 16.39% 572,977,564.95 40.23% 0 901,821,386.5 15.37% 748,444,928.79 17.01% 5 158,144,014.7 5 2.69% 101,358,564.89 35.91% 2,861,472,686.44 1,730,407,521.41 2,550,307,185.35 1,820,603,193.56 456,423,791.80 244,458,562.60 PCS CDMA CDMA 13
C++ CDMA 3G WCDMA WCDMA GSM 2003 ADSL 1-6 WLAN DCN CLP CLP 90,182 GSMCDMA PCS 10 CDMA1.9GCDMA450M3G 14
1-6 CDMA GSM 10% 10% 1. 2001 3 13 5000 32.7 1,635,000,000 40,520,189.37 1,594,479,810.63 2001 3 20 2001 YA048 15
1 : 2003 6 30 1 WCDMA 59,084.00 48,263.00 WCDMA 39,122.15 2 27,068.00 19,068.00 19,068.00 3 21,969.00 11,969.00 11,969.00 4 26,723.60 17,723.60 17,723.60 5 10,062.00 5,060.00 5,060.00 6 55,230.00 34,230.00 34,230.00 7 22,435.00 15,498.00 15,498.00 222,571.60 151,811.60 142,670.75 2 A WCDMA WCDMA MTNET HLR 2G/3G 3G WCDMA WCDMA B IP T32E 16
C D DSL DSL ATMIPE1 DSL DSLAM ADSL ADSL E F SDH 10G MSTP G 3 17
WCDMA 2001 4 5 2. 12003 1 54 54% 22003 2 1400 90% 32003 2 2886.5 SUNTOP TECHNOLOGIES LIMITED 2866.5 26.54% 42003 3 Telrise (Cayman) Ltd.2.85% 160 52.85% 52003 3 49% 10 200 49% 51% 62003 3 5000 ZTE CORPORATION DE MEXICO 100% 18
72003 4 75% 3200 82003 6 ZTE WISTRON TELECOM AB 100% 92003 6 90 5000 2002 2003 2003 2003 CMM 19
IPD 6SIGMA E 50 6SIGMA E EKP 7 EKP 2003 20
21
2003 4 3 11 2003 5 14 [2003]98 2003 6 19 2003 6 20 [2001]102 2003 7 22 2003 15 5 2003 7 22 2003 2002 2002 2003 4 25 2002 2002 5 22 2002 5 23 2002 5 23 2002 2003 5 16 22
1. 93,381,970.51 2.89% IC 46,278,457.33 1.43% 6,691,542.89 0.11% 2. 3. 23
1. 2. 5% 5% # 2600 2000.6.29 2003.6.28 # 600 2000.6.28 2003.6.28 4510 2000.9.29---2003.9.28 4464 2000.10.26-2003.10.25 16026 2000.12.18-2003.12.17 5000 2002.8.8 2003.8.7 * 1284 2001.12.30 2003.12.30 # * 2003 8 7 15 2003 www.cninfo.com.cn 24
2003 3 12 2003 4 19 2003 4 26 2003 5 16 2003 5 31 2003 6 20 2003 7 23 33 12 36 57 45 68 9 17 84 21 20 32 34 17 40 22 17 24 20 19 20 2002 2002 2003 2003 2002 2002 2003 2003 25
2003 6 30 2003.6.30 2002.12.31 2003.6.30 2002.12.31.1 2,931,552,447.68 2,949,067,567.68 2,339,112,995.84 2,752,584,094.66.2 1,252,722,737.09 2,192,416,437.01 1,233,063,122.28 2,219,695,081.04 -- -- 1,009,874,249.25 147,135,101.06.3 1,750,266,683.80 1,710,881,956.35 1,952,949,099.09 1,661,872,730.68.4 742,898,958.11 395,140,617.94 715,939,869.04 484,617,161.86.6 150,695,396.36 143,765,902.67 140,503,683.38 135,988,048.57.7 5,211,196,647.75 3,241,454,163.64 4,973,313,759.68 3,169,658,475.85.8 4,978,454.86 4,362,906.65 125,877.00 3,290,438.54 12,044,311,325.65 10,637,089,551.94 12,364,882,655.56 10,574,841,132.26.9 78,903,493.68 67,000,138.46 893,185,274.64 1,324,279,257.81 78,903,493.68 67,000,138.46 893,185,274.64 1,324,279,257.81.10 2,009,196,415.92 1,841,918,640.92 1,824,233,341.48 1,687,171,253.75.10 502,638,784.59 370,352,381.93 448,768,016.86 325,474,349.35 1,506,557,631.33 1,471,566,258.99 1,375,465,324.62 1,361,696,904.40 -- -- -- -- 1,506,557,631.33 1,471,566,258.99 1,375,465,324.62 1,361,696,904.40.11 160,814,731.11 80,972,683.56 159,058,550.11 79,365,950.56 1,667,372,362.44 1,552,538,942.55 1,534,523,874.73 1,441,062,854.96.12 135,072,602.11 134,598,772.52 83,233,387.29 81,653,120.74.13 37,032,074.12 14,542,700.34 14,476,645.93 13,426,137.10 172,104,676.23 149,141,472.86 97,710,033.22 95,079,257.84 13,962,691,858.00 12,405,770,105.81 14,890,301,838.15 13,435,262,502.87 26
( 2003 6 30 2003.6.30 2002.12.31 2003.6.30 2002.12.31.14 89,606,330.64 250,507,751.60 -- 198,000,000.00 1,229,908,121.82 703,746,911.18 1,134,333,308.67 717,693,623.87.15 3,344,610,832.21 2,478,964,411.40 4,969,152,100.31 3,766,669,694.74 2,329,637,941.06 1,474,506,829.13 1,766,817,391.75 1,428,502,865.52 337,968,712.50 436,869,682.08 334,985,376.53 419,287,700.00 206,761,942.13 244,746,697.44 186,500,707.52 225,292,547.29.17 63,410,707.78 114,637,996.20 4,054,243.76 113,420,560.00.16-145,987,542.24 262,823,271.60-267,324,709.23 202,744,585.59 2,476,126.21 9,025,352.90 85,664.70 6,829,016.56.18 242,216,116.80 252,146,182.99 236,302,225.70 169,109,672.23.19 418,077,681.30 328,220,555.21 406,026,997.93 312,112,372.01 30,000,000.00 95,000,000.00 30,000,000.00 95,000,000.00 8,148,686,970.21 6,651,195,641.73 8,800,933,307.64 7,654,662,637.81.20 1,045,778,153.26 1,103,848,574.12 966,000,000.00 1,024,000,000.00 138,840,000.00 157,520,000.00 131,200,000.00 151,220,000.00 1,184,618,153.26 1,261,368,574.12 1,097,200,000.00 1,175,220,000.00 9,333,305,123.47 7,912,564,215.85 9,898,133,307.64 8,829,882,637.81 158,129,619.93 216,792,942.24 -- --.21 667,296,000.00 556,080,000.00 667,296,000.00 556,080,000.00.22 2,082,978,287.17 2,194,194,287.17 2,090,855,302.17 2,194,194,287.17.23 476,232,327.11 476,232,327.11 331,006,754.66 331,006,754.66 164,766,127.99 164,766,127.99 116,427,224.53 116,427,224.53.24 1,245,012,957.56 1,050,231,143.07 1,903,010,473.68 1,524,098,823.23-262,457.24-324,809.63 -- -- 4,471,257,114.60 4,276,412,947.72 4,992,168,530.51 4,605,379,865.06 13,962,691,858.00 12,405,770,105.81 14,890,301,838.15 13,435,262,502.87 27
2003 1 6 2003 16 2002 16 2003 16 2002 16.25 5,868,203,663.59 3,969,834,804.19 5,660,029,927.45 3,952,359,135.78 3,795,469,277.56 2,442,150,322.50 4,024,930,702.88 2,501,831,834.03 4,939,099.08 16,156,094.84 3,394,057.58 15,603,657.46 2,067,795,286.95 1,511,528,386.85 1,631,705,166.99 1,434,923,644.29.26 29,660,833.02 10,042,036.34 8,742,608.58 11,069,326.03.27 795,108,909.20 624,478,871.44 771,731,858.64 612,442,350.69.28 926,012,138.39 710,383,679.39 754,683,746.50 654,361,841.69.29 117,442,613.18 108,544,694.77 106,813,055.96 107,903,671.31 258,892,459.20 78,163,177.59 7,219,114.47 71,285,106.63.30-2,085,455.40 1,194,636.36 364,317,345.41 93,908,281.61.31 38,000.00 49,137,321.81 -- 41,979,716.25.32 32,491,408.46 99,192,451.09 26,434,304.97 13,931,541.03.33 15,578,454.79 62,603,689.22 15,222,447.92 18,581,207.46 273,757,957.47 165,083,897.63 382,748,316.93 202,523,438.06 45,964,452.52 33,379,505.71 3,836,666.48 17,582,832.52 33,011,690.46-2,290,834.92 -- -- 194,781,814.49 133,995,226.84 378,911,650.45 184,940,605.54 1,050,231,143.07 799,249,189.73 1,524,098,823.23 1,073,441,595.66 -- -- -- -- 1,245,012,957.56 933,244,416.57 1,903,010,473.68 1,258,382,201.20 -- -- -- -- -- -- -- -- 1,245,012,957.56 933,244,416.57 1,903,010,473.68 1,258,382,201.20 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 1,245,012,957.56 933,244,416.57 1,903,010,473.68 1,258,382,201.20 28
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 29
2003 1 6 2003 16 2002 16 2003 16 2002 16 8,027,141,822.78 4,140,836,120.78 7,451,894,838.29 3,981,796,917.68 18,000.00 56,559,741.33-41,979,716.25 14,847,328.33 - - - 8,042,007,151.11 4,197,395,862.11 7,451,894,838.29 4,023,776,633.93 5,402,632,783.87 2,251,239,108.29 5,436,620,951.62 2,257,819,380.92 1,014,238,808.18 745,315,683.16 936,117,548.76 703,982,117.96 203,362,959.26 317,707,388.23 97,557,874.20 292,122,454.62 697,464,638.45 485,444,753.72 605,115,449.39 442,230,293.93 7,317,699,189.76 3,799,706,933.40 7,075,411,823.97 3,696,154,247.43 724,307,961.35 397,688,928.71 376,483,014.32 327,622,386.50-1,170,000.00-1,170,000.00 - - - - 38,260.00 70,783.00 - - - - - - 38,260.00 1,240,783.00-1,170,000.00 275,950,968.11 323,042,402.94 267,619,255.98 313,829,602.47 13,828,672.20 18,048,100.00 58,497,657.20 18,048,100.00 84,995.00 - - - 289,864,635.31 341,090,502.94 326,116,913.18 331,877,702.47-289,826,375.31-339,849,719.94-326,116,913.18-330,707,702.47 6,400,000.00 - - - 1,471,036,495.65 811,702,864.17 500,000,000.00 808,115,424.04 7,290,125.39 49,884,020.38-49,570,000.00 1,484,726,621.04 861,586,884.55 500,000,000.00 857,685,424.04 1,738,912,483.77 504,495,424.04 821,000,000.00 481,115,424.04 190,291,964.72 158,167,185.59 142,837,199.96 157,817,832.74 7,538,262.48 9,151,138.45-9,150,000.00 1,936,742,710.97 671,813,748.08 963,837,199.96 648,083,256.78-452,016,089.93 189,773,136.47-463,837,199.96 209,602,167.26 19,383.89 - - - -17,515,120.00 247,612,345.24-413,471,098.82 206,516,851.29 30
() 2003 1 6 2003 16 2002 16 2003 16 2002 16 1 194,781,814.49 133,995,226.84 378,911,650.45 184,940,605.54 33,011,690.46-2,290,834.92 24,133,702.00 13,419,934.48 23,740,965.50 12,694,242.90 147,739,665.80 70,387,316.38 138,702,112.42 66,680,922.47 14,153,239.78 7,518,473.83 12,187,470.08 6,674,418.61 2,557,829.28 4,748,280.86 2,299,981.35 4,707,842.57-615,548.21-3,115,380.35 3,164,561.54-3,266,467.17 89,857,126.09 80,622,906.11 93,914,625.92 77,429,636.95 685,453.34 -- 395,130.01 91,546,771.57 77,957,832.74 85,352,919.44 77,984,623.06 2,085,455.40-1,194,636.36-364,317,345.41-93,908,281.61-1,979,062,743.57 406,362,708.51-1,812,975,543.29 479,289,684.30 526,103,023.87-493,862,352.26 440,591,870.12-589,966,001.62 1,577,330,481.05 103,139,452.85 1,374,514,616.19 104,361,160.50 724,307,961.35 397,688,928.71 376,483,014.32 327,622,386.50 2 -- -- -- -- -- -- -- -- -- -- -- -- 3 2,931,552,447.68 1,981,203,930.66 2,339,112,995.84 1,857,931,074.78 2,949,067,567.68 1,733,591,585.42 2,752,584,094.66 1,651,414,223.49 -- -- -- -- -- -- -- -- -17,515,120.00 247,612,345.24-413,471,098.82 206,516,851.29 31
2003 6 30 2002.12.31 2003.6.30 1 139,455,848.25 15,388,124.05 574,681.51 154,269,290.79 : 55,203,505.90 15,388,124.05 -- 70,591,629.95 84,252,342.35 -- 574,681.51 83,677,660.84 : -- -- -- -- -- -- -- -- 157,013,677.05 39,525,276.84 30,196,017.38 166,342,936.51 : 23,325,798.60 34,554,423.70 -- 57,880,222.30 4,060,377.33 -- 4,060,377.33 -- 15,948,667.45 4,970,853.14 -- 20,919,520.59 113,678,833.67 -- 26,135,640.05 87,543,193.62 9,980,550.00 -- -- 9,980,550.00 :9,980,550.00 -- -- 9,980,550.00 -- -- -- -- -- -- -- -- : -- -- -- -- -- -- -- -- -- -- -- -- : -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 32
2003 6 30 ( ) 1997452 453 1997 10 6 5,850 650 1 6.81 1997 11 11 27939873-X N35868 1997 11 18 5,850 1998 9 11 199872 1998 6 30 10 3 75,000,000 325,000,000.00 1999 5 27 199978 199942 19,500,000 1999 8 18 344,500,000.00 2000 5 20 1999 12 31 10 2 68,900,000 413,400,000.00 2001 3 20 200125 5000 32.70 463,400,000.00 2001 10 16 2001 6 30 10 2 92,680,000 556,080,000.00 33
2003 4 25 2002 12 31 10 2 112,216,000 667,296,000.00, 1 2 3 4 5 6 1 7 8 34
3 3 9 1 a. b. 2 1 0.5% 1-2 3% 2-3 5% 3 10% 3 10 1 2 3 4 11 (1) a. b. 2003 4 10 10 35
200310 2003 4 10 c. 20% 20% (2) a. b. c. (3) 12 2,000 5% 30 3.17% 10 9.5% 5 19% 10 9.5% 5 19% 36
13 1 3 2 3 14 50 NC 10 10 5 1 2 3 4 15 10 5 16 17 18 37
19 20 962 17% 6% 3%5% 7%1% 3% * 1.5% ** 7.5%15% 33% * 199571 1.5% ** 20011030 2001 8 7.5% 15% 38
2001 15 2001 1 1 2003 12 31 7.5% 15% 15% 200221 33% 18% 15% 15% 1 5,000 90% - 90% 800 51% - 51% 1000 93% - 93% 1,000 90% 10% 100% 5,000 60% - 60% 4,500 *1 408 *1 20 *1 900 600 65% - 65% 390 CDMA *1 3,000 *1 *1 1,600 833.3 70% - 70% *1 980 51% - 51% 500 *1 1400 90% - 90% 1,260 *1 5,000 90% - 90% 1300 90% 10% 100% 800 65% - 65% 300-80% 80% 4,500 *1 2,970 *1 520 *1 *2 2221.44 51% - 51% 1,569.7 *1 7 39
300-51% 51% *3 200-90% 90% *3 500 100% - 100% 500 *1 Bestel Communications ID. 30 500 50% - 50% 500-70% 70% - 50% 50% *4 250 *5 *6 50-70% 70% *6 2 100% - 100% 65 *7 ZTE Future Tel 42,755 54.14% - 54.14% 325 *7 Co., Ltd. 100 54% - 54% 54 *8 Telrise(Cayman) Tel Co., Ltd. 5 52.85% - 52.85% Telrise(USA) INC. - 50% 50% 10 ZTEUKLtd. ZTE Do Brasil LTDA. ZTE Holdings(Thailand)CO.,Ltd ZTE (Thailand)CO.,Ltd ZTE Corporation De Mexico 40 190 *8 160.9 *9-50% 50% *9 51% - 51% 51.68 *10 350 100% - 100% 57 *10 10 49% - 49% 4.9 *10 200 49% 51% 100% 98 *10 5,000 100% - 100% 1,000 30% - 30% SunTop Technologies Ltd. 5 *12 26.54% - 26.54% 5,000 *10 300 / *11 2,866.5 *11 *1 *2 *3 *4 2003 6 30 *5 *6 *7 *8 2003 6 30 40
*9 Telrise(Cayman) Tel Co., Ltd. 2003 6 30 *10 *11 *12 SunTop Technologies Ltd. 5 7,933.50 2 * ** *2003 1 21 920 340 90% 2003 2 21 2003 4 **2003 6 19 37,122,985 38 7,877,015 ( ), 90% 2003 6 30.1 2003-6-30 2002-12-31 RMB 1,509,402.82 1.0000 1,509,402.82 1,180,586.59 1.00000 1,180,586.59 HKD 111,555.17 1.0619 118,460.44 224,116.73 1.0611 237,810.26 USD 112,178.00 8.2771 928,508.55 91,485.65 8.2773 757,254.20 GBP 230.08 12.6565 2,911.99 219.47 13.2683 2,911.99 RS 7,289,286.97 0.1435 1,046,012.68 1,036,280.00 0.1416 146,781.87 JPY 155,675.14 0.0692 10,772.72 156,047.22 0.069035 10,772.72 Ff. 8.72 5.9671 52.03 8.72 5.9671 52.02 3,616,121.23 2,336,169.65 RMB 2,049,817,548.74 1.0000 2,049,817,548.74 1,939,364,921.26 1.0000 1,939,364,921.26 HKD 76,607,606.27 1.0619 81,349,617.10 32,175,336.39 1.0611 34,141,249.44 USD 76,885,343.93 8.2771 636,387,680.21 88,119,706.45 8.2773 729,393,246.17 RS 694,088,747.32 0.1435 99,601,735.24 252,234,908.40 0.1416 35,716,463.03 JPY 28,407,408.96 0.0692 1,965,792.70 412,418,093.14 0.0690 28,471,283.06 41
EUR 1,226,820.20 9.4648 11,611,607.80 1,183,623.41 8.6360 10,221,771.78 2,880,733,981.79 2,777,308,934.74 RMB 43,476,768.72 1.0000 43,476,768.72 165,869,713.29 1.0000 165,869,713.29 USD 86,694.12 8.2771 717,575.94 65,812.52 8.2773 544,750.00 EUR 317,809.15 9.4648 3,008,000.00 348,309.40 8.6360 3,008,000.00 47,202,344.66 169,422,463.29 2,931,552,447.68 2,949,067,567.68.2 1,252,722,737.09 92,978,950.83 1,159,743,786.26 42.86%.3 2003-6-30 2002-12-31 1,204,885,121.72 66.17 7,041,789.99 1,259,800,051.30 71.33 6,365,604.34 12 299,519,506.80 16.45 5,965,100.05 183,600,610.95 10.40 5,573,573.68 23 197,419,198.48 10.84 10,116,288.63 204,717,826.90 11.59 10,248,020.37 3 119,034,486.75 6.54 47,468,451.28 117,966,973.10 6.68 33,016,307.51 1,820,858,313.75 100 70,591,629.95 1,766,085,462.25 100 55,203,505.90 1 581,812,958.73 33.24% 2 5%.4.4 2003-6-30 2002-12-31 634,479,520.31 76.75 5,167,218.46 311,181,665.92 64.91 1,649,696.00 1 2 78,040,588.05 9.44 605,990.88 88,378,564.16 18.44 6,006,379.62 42
2 3 29,758,008.73 3.60 33,310,003.98 54,260,358.02 11.32 51,194,356.35 3 84,298,501.86 10.21 44,594,447.52 25,572,372.19 5.33 25,401,910.38 826,576,618.95 100.00 83,677,660.84 479,392,960.29 100 84,252,342.35 1 5% 2 30,479,440.84 4.08 % 3 73.40%.5 2002-12-31 2003-6-30 1,820,858,313.75 55,203,505.90 15,388,124.05 -- 70,591,629.95 831,281,291.15 84,252,342.35 -- 574,681.51 83,677,660.84 2,652,139,604.90 139,455,848.2 5 15,388,124.05 574,681.51 154,269,290.7 9.6 2003-6-30 2002-12-31 150,689,018.25 100.00 143,496,811.71 99.81 1 2 3,778.11 0.00 6,875.00 0.01 2-3 2,600.00 0.00 262,215.96 0.18 150,695,396.36 100.00 143,765,902.67 100.00 5%.4.7 2003-6-30 2002-12-31 1,280,882,820.78 57,880,222.30 815,795,512.75 23,325,798.60 329,734,376.82 -- 239,087,702.48 4,060,377.33 367,639,113.86 20,919,520.59 131,677,447.41 15,948,667.45 3,239,167,749.06 87,534,193.62 2,056,236,493.82 113,678,833.67 24,679,067.14 -- 4,550,684.23 -- 43
* 135,427,456.60 -- 151,120,000.00 -- 5,377,530,584.26 166,333,936.51 3,398,467,840.69 157,013,677.05 58.23% * [2002]36 -.8 2002-12-31 2003-6-30 3,081,167.76 397,372.00 3,340,162.72 138,377.04 111,625.54 43,869.00 109,331.99 46,162.55 1,170,113.35 -- 1,085,194.67 84,918.68 -- 3,812,757.80 406,381.30 3,406,376.50 -- 3,662,924.43 2,360,304.34 1,302,620.09 4,362,906.65 7,916,923.23 7,301,375.02 4,978,454.86.9 2003-6-30 2002-12-31 88,884,043.68 9,980,550.00 78,903,493.68 76,980,688.46 9,980,550.00 67,000,138.46 (1) 2002-12-31 2003-6-30 20 100% 5,380,550.00 5,380,550.00 -- -- -- 5,380,550.00 ZTE Future Tel Co., Ltd. 54.14% 26,975,000.00 26,975,000.00 -- -- -- 26,975,000.00 54% 540,000.00 -- 540,000.00 -- -- 540,000.00 Telrise(Cayman) Tel Co., Ltd. 52.85% 15,770,000.00 8,300,000.00 7,470,000.00 -- -- 15,770,000.00 ZTEUKLtd. 51% 4,289,514.70 3,456,860.00 832,654.70 -- -- 4,289,514.70 ZTE Do Brasil LTDA. 100% 4,731,000.00 1,654,000.00 3,077,000.00 -- -- 4,731,000.00 ZTE Holdings(Thailand)CO., Ltd 49% 10,167.50 -- 10,167.50 -- -- 10,167.50 ZTE (Thailand)CO.,Ltd 73.99% 203,350.00 -- 203,350.00 -- -- 203,350.00 44
ZTE Corporation De Mexico 100% 41,500.00 -- 41,500.00 -- -- 41,500.00 30 30% 3,000,000.00 2,040,346.17 -- -856,008.47-1,815,662.30 1,184,337.70 19% 380,000.00 380,000.00 -- -- -- 380,000.00 Bestel Communications ID. 50% 2,067,500.00 413,500.00 1,654,000.00 -- -- 2,067,500.00 63,388,582.20 48,600,256.17 13,828,672.20-856,008.47-1,807,999.35 61,572,919.90 (2) 2002-12-31 2003-6-30 50 0.33% - - 5,000,000.00 5,000,000.00 5,000,000.00 15 7.59% - - 3,240,000.00 3,240,000.00 3,240,000.00 SunTop Technologies 26.54% - - 23,791.95 23,791.95 23,791.95 Ltd.* 8,263,791.95 8,263,791.95 - - 8,263,791.95 * SunTop Technologies Ltd. (3) 2002-12-31 2003-6-30 10 4,004,428.44 3,603,985.60 200,221.42 600,664.26 3,403,764.18 10 17,381,741.83 16,512,654.74 869,087.09 1,738,174.18 15,643,567.65 21,386,170.27 20,116,640.34 1,069,308.51 2,338,838.44 19,047,331.83 (4) 2002-12-31 2003-6-30 5,380,550.00 - - 5,380,550.00 ZTE Future Tel Co., Ltd. 4,600,000.00 - - 4,600,000.00 9,980,550.00 - - 9,980,550.00.10 2002-12-31 2003-6-30 45
418,608,067.20 81,548,262.94 -- 500,156,330.14 732,199,484.23 41,302,153.17 3,303,936.95 770,197,700.45 291,723,694.11 39,219,206.76 1,851,080.46 329,091,820.41 107,354,492.92 12,816,147.92 17,210,578.63 102,960,062.21 292,032,902.46 36,195,597.30 21,437,997.05 306,790,502.71 1,841,918,640.92 211,081,368.09 43,803,593.09 2,009,196,415.92 32,130,024.40 6,863,968.69 -- 38,993,993.09 172,585,421.86 33,444,147.24 1,792,664.74 204,236,904.36 44,953,941.71 35,368,502.69 900,851.46 79,421,592.94 30,590,110.67 9,829,292.27 7,190,519.61 33,228,883.33 90,092,883.29 62,233,754.91 5,569,227.33 146,757,410.87 370,352,381.93 147,739,665.80 15,453,263.14 502,638,784.59 1,471,566,258.99 1,506,557,631.33 109,636,770.57 79,800,000.00.11 2002-12-31 2003-6-30 95,000,000.00 18,936,386.13 93,724,284.44 108,359,520.57 -- 4,301,150.00 120,875.00 3,033,971.60 -- -- 3,154,846.60 1,420,000.00 1,418,850.00 -- 1,277,250.00 -- 141,600.00 197,380,000.00 58,889,839.43 71,186,242.32 -- -- 130,076,081.75 25,000,000.00 -- 21,384 871.76 -- -- 21,384,871.76 10,000,000.00 -- 149,448.00 -- -- 149,448.00 1,606,733.00 -- -- -- 1,606,733.00 80,972,683.56 189,478,818.12 109,636,770.57 -- 160,814,731.11 98.6%.12 46
2002-12-31 2003-6-30 10,525,496.70 7,828,360.87 890,868.74 602,166.96 8,117,062.65 2,408,434.05 106,596,932.35 67,759,413.67 13,736,200.63 10,808,672.81 70,686,941.49 35,909,990.86 6,322,136.50 6,322,136.50 -- -- 6,322,136.50 -- 35,003,400.00 16,920,066.48 -- 1,750,000.01 15,170,066.47 19,833,333.53 42,395.00 42,395.00 -- -- 42,395.00 -- 39,696,000.00 35,726,400.00 -- 992,400.00 34,734,000.00 4,962,000.00 198,186,360.55 134,598,772.52 14,627,069.37 14,153,239.78 135,072,602.11 63,113,758.44.13 2002-12-31 2003-6-30 27,002,065.43 3,218,657.36 21,696,712.88 1,427,056.08 3,513,751.27 23,488,314.16 4 CDMA 11,899,456.92 5,511,242.55 3,350,490.18 333,376.92 3,371,101.11 8,528,355.81 3 6,163,321.42 4,591,796.93 -- 640,715.82 2,212,240.31 3,951,081.11 3.08 1,619,837.60 1,221,003.50 -- 156,680.46 555,514.56 1,064,323.04 3.40 46,684,681.37 14,542,700.34 25,047,203.06 2,557,829.28 9,652,607.25 37,032,074.12.14 2003-6-30 2002-12-31 RMB 58,360,000.00 58,360,000.00 RMB 22,334,318.76 RMB 22,334,318.76 HKD 15,305,789.85 16,246,330.64 -- -- RMB 10,000,000.00 10,000,000.00 RMB 218,173,432.84 218,173,432.84 RMB 5,000,000,00 5,000,000.00 RMB 10,000,000.00 10,000,000.00 89,606,330.64 RMB 250,507,751.60.15 34.92% 5%.45.16 2003-6-30 2002-12-31 47
(231,471,922.8 161,732,419.14 5) 48,509,562.86 84,893,259.56 923,219.84 3,334,412.03 35,591,068.13 10,009,720.88 428,197.53 2,853,459.99 32,332.25 -- (145,987,542.24) 262,823,271.60.17 2003-6-30 2002-12-31 -- 58,780,800.00 47,247,529.66 -- 12,086,678.12 -- 4,076,500.00 9,037,996.20 -- 4,867,200.00 -- 41,952,000.00 63,410,707.78 114,637,996.20.18 5%.45.19 2003-6-30 2002-12-31 5,646,287.68 759,614.86 6,877,561.68 21,148,031.90 20,300,685.56 5,093,804.26 * 380,552,827.41 297,963,088.51 1,450,191.51 1,267,371.20 92,250.00 1,988,644.48 3,157,877.46 -- 418,077,681.30 328,220,555.21 * 2.5% 2.5% 48
.20 2003-6-30 2002-12-31 RMB 800,000,000.00 800,000,000.00 RMB 880,000,000.00 RMB 880,000,000.00 RMB 166,000,000.00 166,000,000.00 143,848,574.12 143,848,574.12 USD 9,646,693.26 79,778,153.26 9,664,987.38 80,000,000.00 1,045,778,153.26 RMB 1,103,848,574.12.21 2003-1-1 2003-6-30 321,984,000 -- -- 64,396,800 -- 64,396,800 386,380,800 24,336,000 -- -- 4,867,200 -- 4,867,200 29,203,200 346,320,000 -- -- 69,264,000 -- 69,264,000 415,584,000 209,760,000 -- -- 41,952,000 -- 41,952,000 251,712,000 209,760,000 -- -- 41,952,000 -- 41,952,000 251,712,000 556,080,000 -- -- 111,216,000 -- 111,216,000 667,296,000 2003 4 25 2002 12 31 10 2 112,216,000 2003058.22 2002-12-31 2003-6-30 2,126,288,187.7 1 -- 47,042,130.97 2,079,246,056.7 4 62,000.00 -- -- 62,000.00 3,670,230.43 -- -- 3,670,230.43 64,173,869.03 -- 64,173,869.03 -- 2,194,194,287.1 7 -- 111,216,000.00 2,082,978,287.1 7.21.23 2002-12-31 2003-6-30 49
311,466,199.13 -- -- 311,466,199.13 164,766,127.98 -- -- 164,766,127.98 476,232,327.11 -- -- 476,232,327.11.24 2003-6-30 1,050,231,143.07 194,781,814.49 -- -- -- 1,245,012,957.56.25 2003.1-6 2002.1-6 2003.1-6 2002.1-6 2003.1-6 2002.1-6 11,004,751,063.45 4,768,567,205.34 8,776,908,883.19 3,220,501,641.40 2,227,842,180.26 1,548,065,563.94 98,967,257.97 47,857,391.17 79,897,838.49 17,293,094.72 19,069,419.48 30,564,296.45 (5,235,514,657.83) (846,589,792.32) (5,061,337,444.12) (795,644,413.62) (174,177,213.71) (50,945,378.70) 5,868,203,663.59 3,969,834,804.19 3,795,469,277.56 2,442,150,322.50 2,072,734,386.03 1,527,684,481.69 2003.1-6 2002.1-6 2,861,472,686.44 1,730,407,521.40 1,554,991,276.90 1,126,528,068.96 2,550,307,185.35 1,820,603,193.56 2,232,594,217.64 1,617,423,898.22 456,423,791.80 244,458,562.60 1,028,839,101.97 493,842,768.95 -- -- (846,589,792.32) (795,644,413.62) 5,868,203,663.59 3,795,469,277.56 3,969,834,804.19 2,442,150,322.51 47.82% 55.42% 1,021,828,747.38 17.41%.26 50
2003.1-6 2002.1-6 38,800,895.05 27,745,158.11 9,140,062.03 17,703,121.77 29,660,833.02 10,042,036.34 1.95.27 27.32%.28 517,898,166.84 8.83% 30.35%.29 2003.1-6 2002.1-6 47,764,100.65 45,250,388.07 5,772,814.08 5,881,218.70 (521,013.06) 16,559,283.90 43,782,670.92 32,707,444.67 32,189,668.75 19,908,796.83 117,442,613.18 108,544,694.77.30 2003.1-6 2002.1-6 (856,008.47) 334,997.03 275,000.00 -- (1,504,446.93) 859,639.33 (2,085,455.40) 1,194,636.36.31 2003.1-6 2002.1-6 -- 1,979,716.25 -- 7,157,605.56 38,000.00 -- -- 40,000,000.00 51
38,000.00 49,137,321.81.32 2003.1-6 2002.1-6 25,358,845.47 95,754,829.34 278,524.00 1,570,417.99 2,231,725.51 -- 124,729.28 -- 4,497,584.20 1,867,203.76 32,491,408.46 99,192,451.09 67.24%.33 2003.1-6 2002.1-6 13,636,507.93 53,161,634.91 41,712.70 2,100.00 1,000,000.00 -- 810,182.62 -- -- 9,256,687.61 -- 133,266.70 90,051.54 50,000.00 15,578,454.79 62,603,689.22 75.12%.1 2003-6-30 2002-12-31 1,476,547,953.42 73.01 6,053,230.46 1,211,532,675.83 70.58 5,744,897.64 12 225,343,514.20 11.14 5,854,280.16 182,921,248.73 10.66 5,487,637.46 23 202,231,683.15 10.00 10,100,435.73 204,643,349.90 11.92 10,232,167.47 3 118,270,340.75 5.85 47,436,446.08 117,224,461.10 6.84 32,984,302.31 2,022,393,491.52 100 69,444,392.43 1,716,321,735.56 100 54,449,004.88 52
.2 2003.6.30 2002.12.31 903,165,824.64 9,980,550.00 893,185,274.64 1,334,259,807.8 1 9,980,550.00 1,324,279,257.8 1 (1) 2002-12-31 : 12 90% 45,000,000.00 1,098,324,367.28-394,126,070.76 862,316,139.20 585,134,298.84 630,134,298.84 10 18 15 30 51% 4,080,000.00 6,421,198.34 - -418,849.89 408,000.00 1,514,348.45 5,594,348.45 93% 1,550,000.00 8,883,473.38 - -20,184,509.56 - -12,851,036.18-11,301,036.18 100% 9,000,000.00 9,000,000.00 - - - - 9,000,000.00 60% 30,000,000.00 6,625,961.67 - -2,837,104.57 - -26,211,142.90 3,788,857.10 65% 3,900,000.00 6,976,481.11 - -3,134,838.88 - -58,357.77 3,841,642.23 30 10 50 30 70% 11,995,571.56 8,490,183.63-550,383.38 - -2,955,004.55 9,040,567.01 51% 41,500,000.00 29,863,619.55 - -530,169.95 - -12,166,550.40 29,333,449.60 90% 12,600,000.00-12,600,000.00-4,825,418.42 - -4,825,418.42 7,774,581.58 90% 45,000,000.00-45,000,000.00 - - - 45,000,000.00 100% 12,318,258.17 12,318,258.17 - - - - 12,318,258.17 2002-12-31 : 5 30 20 65% 5,200,000.00 27,072,045.69-208,576.34 1,872,000.00 20,208,622.03 25,408,622.03 51% 15,697,700.00 19,508,204.08 - -432,710.70-3,377,793.38 19,075,493.38 100% 5,500,000.00 33,845,575.95-5,850,966.58-34,196,542.53 39,696,542.53 50% 2,500,000.00 6,216,758.49 - -2,829,233.61 750,000.00 137,524.88 2,637,524.88 100% 5,380,550.00 5,380,550.00 - - - - 5,380,550.00 ZTE Future Tel Co., Ltd. 54.14 % 26,975,000.00 26,975,000.00 - - - - 26,975,000.00 54% 540,000.00-540,000.00 - - - 540,000.00 Telrise(Cayman) Tel Co., Ltd. 52.85 % 15,770,000.00 8,300,000.00 7,470,000.00 - - - 15,770,000.00 53
ZTEUKLtd. 51% 4,289,514.70 3,456,860.00 832,654.70 - - - 4,289,514.70 ZTE Do Brasil LTDA. 100% 4,731,000.00 1,654,000.00 3,077,000.00 - - - 4,731,000.00 ZTE Holdings(Thailand) CO.,Ltd 49% 10,167.50-10,167.50 - - - 10,167.50 ZTE (Thailand)CO.,Ltd 73.99 % 203,350.00-203,350.00 - - - 203,350.00 ZTE Corporation De Mexico 100% 41,500.00-41,500.00 - - - 41,500.00 30 30% 3,000,000.00 2,040,346.17 - -856,008.47 - -1,815,662.30 1,184,337.70 306,782,611.93 1,321,352,883.51 69,774,672.20 364,687,153.01 865,346,139.20 583,685,957.59 890,468,569.52 (2) 2002-12-31 2003-6-30 50 0.33% - - 5,000,000.00 5,000,000.00 5,000,000.00 15 7.59% - - 3,240,000.00 3,240,000.00 3,240,000.00 SunTop Technologies 26.54% - - 23,791.95 23,791.95 23,791.95 Ltd.* 8,263,791.95 8,263,791.95 - - 8,263,791.95 * SunTop Technologies Ltd. (3) 10 10 10 2002-12-31 2003-6-30 4,004,428.44 3,603,985.60 200,221.42 600,664.26 3,403,764.18-17,192,786.66-15,473,507.99-859,639.33-2,578,918.00-14,613,868.66 17,381,741.83 16,512,654.74 869,087.09 1,738,174.18 15,643,567.65 4,193,383.61 4,643,132.35 209,669.18-240,079.56 4,433,463.17 (4) 54
2002-12-31 2003-6-30 5,380,550.00 - - 5,380,550.00 ZTE Future Tel Co., Ltd. 4,600,000.00 - - 4,600,000.00 9,980,550.00 - - 9,980,550.00.3 2003.1-6 2002.1-6 2003.1-6 2002.1-6 2003.1-6 2002.1-6 5,660,029,927.45 3,952,359,135.78 4,024,930,702.88 2,501,831,834.03 1,635,099,224.57 1.450,527,301.75.4 2003.1-6 2002.1-6 (856,008.47) -- 275,000.00 -- 365,543,161.48 93,048,642.28 (644,807.60) 859,639.33 364,317,345.41 93,908,281.61 1 1 RMB1,000 52.851% * * 2.1 2 55
0.94% 3 2002-12-31 2003-6-30 -- 1,000,000.00 -- 1,000,000.00 ZTE Holdings(Thailand)CO.,Ltd ZTE (Thailand)CO.,Ltd ZTE Corporation De Mexico -- 20,750.00 -- 20,750.00 -- 415,000.00 -- 415,000.00 -- 41,500.00 -- 41,500.00 500,000.00 -- 500,000.00 --.1.1 2003 6 19 4 (1) (2) ( ) % ( ) ( ) % ( ) -- -- 54.00 54% -- -- 54.00 54% ZTEUKLtd. USD 30.00 51% 21.68 -- -- -- 51.68 51% ZTE Do Brasil LTDA. USD 2000 100% 3700 -- -- -- 5700 100% ZTE Holdings(Thailand) CO.,Ltd USD -- -- 1,225.00 49% -- -- 1,225.00 49% ZTE (Thailand)CO.,Ltd USD -- -- 245 49% -- -- 245 49% ZTE Corporation De Mexico USD -- -- 050 100% -- -- 050 100% Bestel Communications ID. USD 500 50% 2000 -- -- -- 2500 50% Telrise(Cayman) Tel Co., Ltd. USD 100.00 50% 90.00 2.85% --- --- 190.00 52.85% 56
5 1 2003 1-6 2002 1-6 2003.1-6 2002.1-6 93,381,970.51 2.89 68,136,065.78 379 46,278,457.33 1.43 28,251,362.74 157 139,660,427.84 4.32 96,387,428.52 5.36 2 2003 1-6 2002 1-6 2003.1-6 2002.1-6 6,691,542.89 0.11 5,633,238.00 0.14 838,433.37 0.01 -- -- 2,292,436.58 0.04 3,599,000.00 0.09 9,822,412.84 0.17 9,232,238.00 0.23 3 (%) 2002-6-30 2002-12-31 2003-6-30 2002-12-31 -- 3,753,192.57 -- 0.15 49,616.00 90,241,806.56 0.00 3.64 300,000.00 3,622,062.00 0.01 0.15 57
313,243.66 361,251.66 0.14 0.08 2,403,523.20 2,403,523.20 1.59 1.67 1,393,517.52 1,393,517.52 0.92 0.97 26,973,773.62 -- 17.90 -- 630,000.00 630,000.00 0.08 0.15 122,286.35 105,242.97 0.01 -- 7,468,227.77 3,894,353.59 0.43 0.23 1,119,504.72 -- 0.06 -- 1,291,719.80 1,815,000.00 0.03 0.10 1,600,000.00 765,000.00 0.07 0.50 210,000.00 175,000.00 0.01 0.11 12,086,678.12 -- 19.06 -- 4 1 [B]0288 2 2003 6 30 354,109,089.90 58
(1) 45,100,000.00 2000.9.29-2003.9.28 44,640,000.00 2000.10.26-2003.10.25 160,260,000.00 2000.12.18-2003.12.17 50,000,000.00 2001.11.8-2003.8.7 12,840,000.00 2001.12.30-2003.12.30 312,840,000.00 (2) 2003 3 17, 160 Telrise(Cayman) Tel Co., Ltd.2.85% 52.85%, 2003 6 30 (3) 2003 4 2400 75% 2003 6 27 2003 6 30 (4)2003 6 12 10 95 2003 6 30 2003 8 8 59
2003.8.8 2003.8.8 2003.8.8 60
A 2003-08-08 61