2006 6 30 2
...4...6...8...10...14...17...35...43...100...125 3
A H ITU 4
5
3G 144Kbps 384 Kbps 2 Mbps 64 KbpsITU IMT-2000 3GPP 3GPP2 3G ADSL 1.547 Mbps 128 Kbps ASON,,, CDMA 2G PN CDMA2000 CDMAOne 2 Mbps 1xRTT 1xEVDO 1xEVDV DWDM DWDM 100 DSL xdsl ADSLHDSLVDSLMDSL RDSL GSM 170 TDMA IP RFC791 NGN PHS 1900 MHz 6
PSTN IP TD-SCDMA 3G WCDMA CDMA 3G UMTS, 2Mbps 7
1 ZTE Corporation ZTE 2 A :G :000063 H : :763 3 518057 11 8 http://www.zte.com.cn fengjianxiong@zte.com.cn 4 5 +86 755 26770282 +86 755 26770286 fengjianxiong@zte.com.cn A 6 6 7 http://www.cninfo.com.cn http://www.hkex.com.hk 8
() 1 2006 6 30 2005 12 31 17,889,629 17,936,176 9,179,636 10,010,031 21,771,318 21,779,131 * 10,251,664 10,125,095 * 10.68 10.55 * 10.67 10.55 2006 1-6 2005 1-6 373,468 687,663 350,592 675,321 * 3.64% 7.15% 0.39 0.72-2,834,793-2,587,873 * 29,670 3,777 6,534 4,037 22,876 2 2006 1-6 2005 1-6 0.36 0.69 3.35% 6.86% 2006 6 30 2005 12 31 10.79 10.68 * 3 2006 1-6 373,468 347,058 2006 6 30 10,251,664 10,350,671 120 9
2005 12 31 2005 12 31 2006 6 30 % % 423,084,674 44.09 423,084,674 44.09 1 2 392,079,904 40.86 392,079,904 40.86 3 11,431,810 1.19 11,431,810 1.19 1,282,064 0.13 1,282,064 0.13 18,290,896 1.91 18,290,896 1.91 536,436,976 55.91 536,436,976 55.91 1 376,285,936 39.22 376,285,936 39.22 2 3 160,151,040 16.69 160,151,040 16.69 4 959,521,650 100 959,521,650 100 1 1 34,859 A 34,387 H 472 37.41 358,958,824 358,958,824 2 16.63 159,574,239 0 3Deutsche Bank Aktiengesellschaft 2.08 19,941,363 0 10
4Jade Dragon (Mauritius) Limited 1.91 18,290,896 18,290,896 5 1.36 13,022,941 0-005L-FH002 6 1.19 11,431,810 11,431,810 7 0.97 9,352,456 0 8 0.90 8,651,082 0 9 0.81 7,795,621 0 10 0.58 5,520,180 5,520,180 10 0.58 5,520,180 5,520,180 10 0.58 5,520,180 5,520,180 10 0.58 5,520,180 5,520,180 10 0.58 5,520,180 5,520,180 10 0.58 5,520,180 5,520,180 1 159,574,239 2Deutsche Bank Aktiengesellschaft 19,941,363 3-13,022,941 005L-FH002 4 9,352,456 5 8,651,082 6 7,795,621 7 5,069,791 8 4,896,492 9 4,655,000 10 4,494,213 17% 2 3 11
,: 1 2Jade Dragon (Mauritius) Limited 358,958,824 2006 12 29 47,976,083 2007 12 29 47,976,083 2008 12 29 263,006,658 1 18,290,896 2006 12 29 18,290,896 2 3 11,431,810 2006 12 29 11,431,810 2 4 5,520,180 2006 12 29 5,520,180 2 5 5,520,180 2006 12 29 5,520,180 2 6 5,520,180 2006 12 29 5,520,180 2 7 5,520,180 2006 12 29 5,520,180 2 8 5,520,180 2006 12 29 5,520,180 2 9 5,520,180 2006 12 29 5,520,180 2 1 2005 11 23 4 () () () 2006 12 29 110,819,869 310,982,741 110,819,869 2007 12 29 47,976,083 263,006,658 158,795,952 2008 12 29 263,006,658 0 421,802,610 12
5 2006 6 30 336 5% (%) 358,958,824A (L) 37.41(L) 44.91(L) 358,958,824 A (L) 37.41(L) 44.91(L) 358,958,824 A (L) 37.41(L) 44.91(L) 358,958,824 A (L) 37.41(L) 44.91(L) 358,958,824 A (L) 37.41(L) 44.91(L) JPMorgan Chase & Co. 20,757,100H (L) 18,432,100 H (P) 2.16(L) 1.92(P) 12.96(L) 11.51(P) Fidelity International Limited 16,065,400 H (L) 1.67(L) 10.03(L) Deutsche Bank Aktiengesellschaft 13,218,857 H (L) 11,368,757 H (S) 1.38(L) 1.18(S) 8.25(L) 7.10(S) Goldman Sachs (Asia) L L C 11,622,000 H (L) 1.21(L) 7.26(L) Goldman Sachs (Cayman) 11,622,000 H (L) 1.21(L) 7.26(L) Holding Company The Capital Group Companies, 11,198,500 H (L) 1.17(L) 6.99(L) Inc. Aranda Investments (Mauritius) 11,141,800 H (L) 1.16(L) 6.96(L) Pte Ltd T. Rowe Price Associates, Inc. and 10,805,600 H (L) 1.13(L) 6.75(L) its affiliates Massachusetts Financial Services 8,428,100 H (L) 0.88(L) 5.26(L) Company ("MFS") Sun Life Financial, Inc. 8,428,100 H ( (L) 0.88(L) 5.26(L) 2006 6 30 336 6 13
1 219,600 2 0 3 0 4 0 5 0 6 0 7 121,680 8 95,760 9 91,007 10 0 11 0 12 0 13 0 14 0 15 121,680 16 0 17 0 18 10,020 19 0 20 95,760 21 44,839 14
22 95,760 23 24,300 24 41,385 25 94,500 26 61,756 27 9,900 28 33,804 29 0 30 78,840 31 0 32 0 33 0 34 0 35 0 36 0 37 0 H 1 2 3 2006 4 6 2006 4 6 2007 2 7 15
2006 6 30 2006 6 30 XV 352 2006 6 30 18 16
2006 6 30 6 2006 6 30 45 100 () 2006 2006 2006 3,139 10.7% 848.7 9.1% CDMA PHS 3G 3G PHS GSM 2006 2006 Gartner 3G 1 HSDPA 3G 17
2006 2006 CDMA 2006 104.91 1.82% 3.73 45.69% 0.39-2.95 2006 104.91 1.82% 3.47 47.44% 0.36-3.03 2G GSM CDMA PHS 3G WCDMACDMA2000 TD-SCDMA 2006 CDMA PHS GSM 18
3G 3G TD-SCDMA WCDMA CDMA EVDO EV-DO Rev.A WCDMA NGNIPTVDSL 2006 IPTV H.264 IPTV 2006 Gartner 2.24 23.8% 30% 19
2G 3G 2006 3G 3G PHS 3G WCDMA EV-DO TD TD- SCDMA 3G () 1 10,490,529 10,302,998 1.82% 3,619,670 3,843,072-5.81% 373,468 687,663-45.69% 1-2,834,793-2,587,873-9.54% -2,592,423-3,800,867 31.79% 2 1 45.69%,, () 2 31.79%, 20
2 2006 6 30 2005 12 31 21,771,318 21,779,131-0.04% 4,373,263 3,441,922 27.06% 1 2,868,071 2,519,547 13.83% 10,251,664 10,125,095 1.25% 1 27.06%, 3 10,490,529 6,826,915 34.50% 1.82% 6.28% 2.8 3,513,422 1,939,906 44.37% -25.21% -20.41% 3.39 1,074,977 683,234 36.02% 49.18% 81.12% 11.28 1,710,492 1,222,698 28.10% 14.70% 24.83% 5.86 2,134,076 1,586,511 25.24% -3.64% -19.88% 15 2,057,562 1,394,566 31.80% 74.59% 114.81% 12.76 10,490,529 6,826,915 34.50% 1.82% 6.28% 2.8 16,508 10,945 33.70% -48.02% -45.99% 2.5 * 75 * 4 21
6,529,012-8.76% 2,249,333 1,746,638-12.29% 539,700 1,416,392 36.08% 450,273 798,487 595.03% 380,364 10,490,529 1.82% 3,619,670 5 10% () () 3,513,422 1,939,906 44.37% 1,074,977 683,234 36.02% 1,710,492 1,222,698 28.10% 2,134,076 1,586,511 25.24% 2,057,562 1,394,566 31.80% 6 7 (1) 749.50% 501.07% 248.43 1 5.71% 1.05% 4.66 698.65% 429.40% 269.25 2 0.14% -3.95% 4.09 43.87% 30.50% 13.37-0.57% 0.73% 1.30 1,( ) 2:,, () (2) 22
2005 2005 1 7.90 12.11 2.51 3.25 0.76 1.83 0.26 1.15 2 9.39 8.18 1 2: (3)() 2006 2005 34.50% 34.88% 8 10% 9 :,,, TURNKEY:TURNKEY,, 10 2004 12 160,151,040 22.0 3,523,322,880.00 3,734,722,252.80 3,542,177,725.94 2004 12 9 2004 12 16 2005003 23
2,125,306,635.56 1,416,871,090.38 354,217.8 19,465.7 349,202.4 IP 24,039 24,039 22,525 22,525 23,820 21,576.1 12,890.1 12,890.1 20,838 18,066.5 NGN 20,118 20,118 17,457 17,457 24
141,687.1 136,671.7 212,530.7 212,530.7 354,217.8 349,202.4 NGN 3GIPIP WAP PSTNPHSGSMCDMA3GNGN CDMA2000 EV-DO RevACDMA2000 1xEV-DO 20065EV-DO Rev.A 25
3G CNGI CN2 NGN 2005 NGNNGN 26
2006 (2) 2006 5 3,000 11 (1) (2) 2005 2006 () 2006 2005 3,513.4 33.5% 4,698.0 45.6% 1,075.0 10.3% 720.6 7.0% 1,710.5 16.3% 1,491.3 14.5% 2,134.1 20.3% 2,214.6 21.5% 2,057.5 19.6% 1,178.5 11.4% 10,490.5 100% 10,303.0 100% 27
2006 2005 6,529.0 62.2% 7,155.8 69.5% 1,746.6 16.7% 1,991.5 19.3% 1,416.4 13.5% 1,040.8 10.1% 798.5 7.6% 114.9 1.1% 10,490.5 100% 10,303.0 100% 104.91 1.82%, 39.62 25.87% 2006 DSL 3G CDMA IPTVMODEM 28
(1) (2) 2006 2005 1,971.8 56.1% 2,517.7 53.6% 684.2 63.6% 365.0 50.7% 1,229.7 71.9% 1,106.5 74.2% 1,542.4 72.3% 1,872.8 84.6% 1,395.8 67.8% 659.4 56.0% 6,823.9 65.0% 6,521.4 63.3% 2006 2005 1,541.6 43.9% 2,180.3 46.4% 390.8 36.4% 355.6 49.3% 480.8 28.1% 384.8 25.8% 591.7 27.7% 341.8 15.4% 661.7 32.2% 519.1 44.0% 3,666.6 35.0% 3,781.6 36.7% 68.2 4.64% 35.0% 19.7 21.68% 43.9% 46.4% 29
GSM CDMA PHS CDMA PHS 6.84 87.45% 36.4% 49.3% 12.30 11.13% 28.1% 25.8% DSL NGN 15.42 17.64% 27.7% 15.4% CDMA 13.96 111.68% 32.2% 44.0% 2.81 30
12.55 11.44 9.71% 11.11% 11.97% 15.98, 14.85 7.56% 14.42% 15.23% 6.52 4.92 32.50% 4.78% 6.21% 0.64 0.50 228.84% 43.13% 2005 8.91 2006 5.07 0.54 0.75 27.84% 31
0.52 0.74 30.07% 9.11% 11.47% 0.54 0.82 33.55% 11.0% 13.52% 47.44% 6.60 3.47 6.4% 3.3% 2006 2005 (2,909.7) (2,579.5) (307.3) (430.6) / 681.0 (806.4) / (2,536.0) (3,816.5) 29.10 25.80 2006 36.41 32.78 9.63 24.09% 7.31 16.56 5.6 32
3.07 4.31 6.81 6.8 2005 () 2006 12006 33
2 100 34
1 2, A.1.3 14 2005 10 2006 6 14 2005 2006 14 3 4 2006 6 30 35
() 2005 2005(20051231959,521,650 102.5)2006614 2005A20067 132006714H2006512 20067142005AH200677 () 2006 2006 () 12005 11 -- ( ) 35,000 36,000 71,000,, 2 32005 12, 3,645 36
,, 42005 8 10,736, 5(Rawalpindi Collectorate of Customs) (Zhongxing Telecom Pakistan (Pvt) Ltd)( ),, 23,900324,000 (CBR-CENTRAL BOARD OF REVENUE) (ADRC-Committee for Alternate Dispute Resolution Islamabad) 20059CBR(Report of Committee)2006630,CBR,,,, () () 1 5% 37
, 2006 200647 2006 1-6 19,507 2.86% 34 0.005% 3,914 0.57% 25 0.004% 38
135 0.02% 424 0.06% 0 0 IC 448 0.04% 73 0.01% 2 3 4 () 1 2 (1) 39
0 0 (A) 0 864 (B) 864 A+B) 864 0.08% C 0 70% 0 (D) 50% (E) 0 *(C+D+E) 0 (2) 20051 350140 210( 2005) 3, [2005]120 [2003]56 40
3 () 1 2005 A 1 2 2 3 5% () () 2006 4 7 2006 4 7 2006 4 7 2006 4 7 2006 4 7 C09 C25 C25 C12 C25 C28 C11 C25 C25 C12 C26 C30 C12 C26 2005 2005 41
2006 4 18 2006 4 21 2006 4 26 2006 5 27 C30 C08 C80 C9 C32 C57 C8 C12 B16 C17 C16 B16 C4 2006 2006 2005 2006 6 15 C004 2005 B15 C8 2006 7 4 C004 B24 C16 2006 7 7 C001 2005 B25 C8 42
2,980,709 1,975,186 5,573,132 4,258,936 1,969,091 1,805,225 1,244,853 1,209,151-13,385-16,465 4,373,263 5,249,879 3,441,922 4,481,796 36,040 4,961 36,416 5,007 338,780 1,753,262 279,975 1,230,352 71,241 28,154 151,174 67,305 2,868,071 1,572,591 2,519,547 1,557,312 5,249,600 5,141,382 4,689,157 4,440,842 2,834 - - - 17,889,629 17,544,025 17,936,176 17,267,166 93,381 2,928,056 85,459 2,833,305 3,861,460 2,646,009 3,623,940 2,491,000 1,331,844 812,881 1,148,789 712,768 2,529,616 1,833,128 2,475,151 1,778,232 94,980 87,002 94,980 87,002 2,434,636 1,746,126 2,380,171 1,691,230 209,250 179,557 126,741 77,261 2,643,886 1,925,683 2,506,912 1,768,491 154,354 76,631 160,264 87,081 202,843 202,843 307,666 327,122 692,483 688,359 687,765 683,598 13,766-13,996-1,063,446 967,833 1,169,691 1,097,801 80,976 76,419 80,893 76,419 21,771,318 23,442,016 21,779,131 23,043,182 43
180,700 100,000 99,695-36,040 4,961 36,416 5,007 2,708,217 2,532,422 1,977,584 1,918,831 3,326,232 5,535,973 4,292,208 6,538,622 509,624 509,624 733,455 688,876 771,833 464,744 861,024 493,438 233,225 120,183 622,804 367,583 317,856 237,371 394,216 326,370 386,183 239,872 163,008 928 (769,073) (621,308) (670,282) (844,875) 6,612 2,709 7,134 2,996 583,204 1,160,567 626,066 1,084,091 361,577 287,896 346,668 286,561 27,406 12,800 20,035 16,000 500,000 500,000 500,000 500,000 9,179,636 11,087,814 10,010,031 11,384,428 680,000 600,000 80,000-692,483 688,359 687,765 683,598 411,751 350,820 405,511 359,220 1,784,234 1,639,179 1,173,276 1,042,818 10,963,870 12,726,993 11,183,307 12,427,246 555,784-470,729-959,522 959,522 959,522 959,522 5,507,183 5,533,654 5,506,424 5,532,896 1,264,060 769,603 1,264,060 769,603 344,908 242,464 344,908 242,464 2,544,658 3,454,786 2,171,190 3,116,070 (23,759) (2,542) (15,981) (2,035) - - 239,880 239,880 10,251,664 10,715,023 10,125,095 10,615,936 21,771,318 23,442,016 21,779,131 23,043,182 44
10,490,529 9,737,942 10,302,998 9,952,489 6,826,915 7,969,060 6,423,483 8,109,916 43,944 18,395 36,443 11,474 3,619,670 1,750,487 3,843,072 1,831,099 27,556 228,558 2,735 4,178 1,567,996 965,499 1,447,211 1,156,146 1,752,021 663,110 1,588,646 685,648 54,064 72,993 98,706 106,277 273,145 277,443 711,244 (112,794) 694 64,841 (289) 256,272 211,860 24,510 126,528-3,777 1,556 11,683 4,691 6,534 3,634 5,111 1,017 482,942 364,716 844,055 147,152 55,234 26,000 74,380-54,240-82,012-373,468 338,716 687,663 147,152 2,171,190 3,116,070 1,495,431 2,682,269 2,544,658 3,454,786 2,183,094 2,829,421 - - - - - - - - 2,544,658 3,454,786 2,183,094 2,829,421 - - - - - - - - - - - - 2,544,658 3,454,786 2,183,094 2,829,421 1. 2. 3.() 4.() 5. 6. 45
8,954,497 8,340,632 499,777 314,174 49,949 41,697 9,504,223 8,696,503 8,235,078 8,975,068 2,080,913 968,665 562,541 83,894 40 1,460,484 1,315,011 12,339,016 11,342,638 (2,834,793) (2,646,135) - - 126 5,630 1,743 1,141 - - 1,869 6,771 362,628 293,957 6,843 - - - 369,471 293,957 (367,602) (287,186) - - 844,700 800,000 - - 844,700 800,000 163,696 100,000 62,482 45,819 - - 226,178 145,819 618,522 654,181 (8,550) (4,610) (2,592,423) (2,283,750) 46
- - - - - - 373,468 338,716 54,240-10,308 (61,746) 216,937 136,405 24,911 20,766 - - (2,834) - 22,280 (1,865) 4,866 3,634 36,767 49,721 (694) (64,841) (117,288) 268,827 (2,344,358) (2,697,642) (1,113,313) (638,110) (83) - - - (2,834,793) (2,646,135) 2,980,709 1,975,186 5,573,132 4,258,936 - - - - (2,592,423) (2,283,750) 47
2006630 19974524531997106 5,850 65016.81 2003 200312 200511 19971111 4403011015176N35868 ( ) 199711185,850 1998911199872 199863010375,000,000 325,000 1999527(1999)78 (1999)42 19,500,0001999818 344,500 48
200052019991231 10268,900,000413,400 2001320(2001)25 500032.70 463,400 200110162001630 10292,680,000556,080 200342520021231 102111,216,000667,296 200451720031231 102133,459,220 800,755 20041292004 [2004]865 [2004]38(H )160,151,040158,766,450 1,384,590959,522 20051228 13245%2536 10%36 1324 A6026.75115%30.76 12A 102.5 200663095,952.2 27 49
1. 2. 111231 3. 4. 5. 6. 7. 50
8. (1) (2) (3) 1-2 -- 2 100% 1-3 -- 3-4 58% 4-5 75% 5-6 92% 6 100% 1-6 -- 6-12 -- 6-12 50% 12-24 75% 12-24 50% 24 100% 51
9. () 10. 52
11. 10 200331710 12. 53
12. 5 0% 20% 30 5% 3.17% - 3 5% 31.67% 5-10 5% 9.5%-19% 5 5% 19% 10 5% 9.5% 5 5% 19% 13. 54
14. 10 20 50 5 15.,.10, 16. 55
17. 18. 19. 20. [1995]11 50% 50% 2006630 56
17% 3%5% 15% (2005)004 12 35 7.5% 15% 20050098 [2003]199 12 357.5% 57
[2004]0372 12 35 [2005]672 20051120061231 2004 003412 35 7.5% 2004 000212 35 7.5% 2004 038112 35 7.5% 2004 003612 35 7.5% 20050217123 5 2006000212 35 33% 15% 58
(1) (1) ZTE SINGAPORE PTE.LTD. 5 3.25 100% ZTE Korea Limited 5,000 5.35 100% ZTE India R&D Center Private Limited 3,000 3,000 100% 10 10 100% 59
(2) Zhongxing Telecom Pakistan (Private) Ltd. Congo-Chine Telecom S.A.R.L. Congo-Chine Telecom International Network (CCTNET) 5,000 90% -- 90% 4,500 1,500 -- 90% 90% 1,350 3,791.9 93% -- 93% 65.47 1,000 90% 10% 100% 1,000 CDMA 600 65% -- 65% 390 3,333.3 95% -- 95% 3,166.6 1,745 51% -- 51% 890 10 -- 100% 100% 10 723.1 76% -- 76% 4,504 1,243 -- 84% 84% 1,150 5,000 70% 25% 95% 4,750 1,300 90% 10% 100% 3,300 1,000 65% -- 65% 650 300 -- 80% 80% 240 2,221.44 51% -- 51% 1,569.77 300 -- 95% 95% 153 200 -- 90% 90% 180 600 -- 90% 90% 540 5,000 100% -- 100% 5,000 ZTE Portugal Projectos de Telecommunicacoes, 5 -- 100% 100% 5 Unipessoal, Lda ZTE (USA) Inc. 2 100% -- 100% 65 100 54% -- 54% 54 Telrise(Cayman)Telecom Limited 5 52.85% -- 52.85% 255 Telrise INC. 1 -- 100% 100% 160.9 10 -- 100% 100% 10 ZTE (UK) Ltd. ZTE Do Brasil LTDA 60.4 51% -- 51% 37.23 20 100% -- 100% 90 60
(2) () ZTE Holdings(Thailand)Co., Ltd. 10 49% -- 49% 4.9 ZTE (Thailand)Co., Ltd. 200 49% 51% 100% 98 ZTE Corporation Mexico S. DE R.L DE C.V. 0.5 100% -- 100% 2.8115 5,500 75% 5% 80% 4,125 95 -- 100% 100% 47.5 ZTE-Communication Technogies,Ltd ZTE Wistron Telecom AB 76 100% -- 100% 76 100 100% -- 100% 313.74 3,000 51% -- 51% 1,530 1,000 -- 62.5% 62.5% 625 870 -- 57.47% 57.47% 550 1,600 -- 57.5% 57.5% 920 100 -- 80% 80% 80 500 -- 80% 80% 400 Closed Joint Stock Company TK Mobile ZTE Kangxun Telecom Company India Private Ltd. 5,000 90% 10% 100% 5,000 1,000 51% -- 51% 510 500 90% -- 90% 450 400 51% -- 51% 1,687.08 CDMA800,CDMA 2.22 99.99% 0.01% 100% 165.4 6 100% -- 100% 49.62 ZTE Romania S.R.L 10 100% -- 100% 82.7 ZTE Malasysia Corporation SDN. BHD. ZiMax (Cayman) Holdings Ltd. 550 100% -- 100% 4,548.5 1,500 -- 83% 83% 1,250 61
(2) () ZTE (HK) Ltd. Saudi Arabia ZTE NIGERIA INVESTMENT LTD 53.476 -- 100% 100% 53.476 3.9 -- 100% 100% 54 ZTE Sweden AB 36 -- 100% 100% 36 PT. ZTE Indonesia 20 99.5% 0.5% 100% 20 ZTE Istanbul Trading Ltd. Co. 5 -- 100% 100% 4.95 ZTE Hrvatska D.O.O. 0.3 -- 100% 100% 0.3 ZTE Corporation Bulgaria Ltd. 0.35 -- 100% 100% 0.35 ZTE Deutschland GmbH 15 -- 100% 100% 15 ZTE POLAND Sp.zo.o. 5 -- 100% 100% 5 2,000 30% 50% 80% 1,600 1,500 70% -- 70% 1,139 ZiMax Technologies Inc. 2,000 -- 100% 100% 537.97 Newinfo Holdings Limited 5 -- 100% 100% 0.4299 WANAAG COMMUNICATIONS 20 -- 100% 100% 10 LIMITED ZTE Canada Inc. 20 -- 100% 100% 3.8 ZTE Netherlands B.V. 9 -- 100% 100% 1.8 ZTE GHANA LIMITED 30 -- 100% 100% 30 ZTE (Australia) Pty Ltd. 20 -- 100% 100% 20 500 -- 100% 100% 75 GSMPHS 5 -- 100% 100% 3.25 ZTE SINGAPORE PTE.LTD. 5,000 -- 100% 100% 5.35 ZTE Korea Limited 3,000 -- 100% 100% 3,000 ZTE India R&D Center Private 10 -- 100% 100% 10 Limited 62
(3) Bestel Communications Ltd. 60 -- 50% 50% 15 500 50% -- 50% 250 (4) 6,400 40% -- 40% 3,440 1,000 -- 30.88% 30.88% 350 1,100 -- 22.7% 22.7% 250 1,000 -- 40% 40% 400 1,000 30% -- 30% 300 / KAZNURTEL Limited Liability Company CDMA45OMWLL -- 30% 30% 500 300 49% -- 49% 398.84 1,500 1,500 30% -- 30% 450 SM DLEDLED 1,500 -- 30% 30% 450 250 -- 40% 40% 100 1,000 -- 35% 35% 350 600 -- 30% 30% 150 63
1. 2006630 20051231 RMB 438 1.0000 438 387 1.0000 387 HKD 63 1.0294 65 125 1.0403 130 USD 769 7.9956 6,149 1,138 8.0702 9,184 BRL 77 3.6025 277 1 3.4522 3 THB 123 0.2112 26 1,540 0.1968 303 FEC -- -- -- 69 7.3633 508 PKR -- -- -- 574 0.1350 77 SAR 205 2.1441 440 92 2.1521 198 SOS -- -- -- 42 2.5225 106 1,202 150 8,597 11,046 64
1. 2006630 20051231 RMB 2,051,047 1.0000 2,051,047 3,609,771 1.0000 3,609,771 HKD 48,258 1.0294 49,677 33,408 1.0403 34,754 USD 65,886 7.9956 526,798 154,588 8.0702 1,247,556 BRL 4,786 3.6025 17,242 8,858 3.4522 30,580 PKR 198,178 0.1328 26,318 651,989 0.1350 88,019 EGP 44,033 1.3946 61,408 65,376 1.4035 91,755 GBP -- -- -- 945 14.1349 13,357 SEK 19,101 1.1230 21,450 2,442 1.0154 2,480 DZD -- -- -- 35,070 0.0897 3,146 COP 6,149,032 0.0031 19,062 5,334,654 0.0035 18,671 CEDI -- -- -- 3,509,473 0.0008 2,808 EUR 3,278 10.1313 33,210 19,778 9.5797 189,467 NGN -- -- -- 334,439 0.0576 19,264 THB 12,538 0.2112 2,648 2,747 0.1968 541 JPY 23,094 0.0695 1,605 -- -- -- INR 32,351 0.1782 5,765 -- -- -- SAR -- -- -- 1,514 2.1521 3,258 SOS -- -- -- 613 2.5225 1,546 RUB 18,175 0.3015 5,480 38,287 0.2803 10,732 22,420 1,452 2,844,130 5,369,157 RMB 39,730 1.0000 39,730 79,435 1.0000 79,435 USD 10,945 7.9956 87,513 1,400 8.0702 11,298 HKD 718 1.0294 739 14,700 1.0403 15,292 PKR -- -- -- 54,131 0.1350 7,308 XOF -- -- -- 5,543,000 0.0143 79,265 -- 331 127,982 192,929 2,980,709 5,573,132 50,113 77,86971,000 46.52% 65
2. 2006630 20051231 986,401 448,693 982,690 796,160 1,969,091 1,244,853 5% 3. 2006630 20051231 1 3,964,628 83.12% 52,855 1.33% 3,227,830 83.04% 109,961 3.41% 1-2 593,260 12.44% 174,600 29.43% 545,333 14.03% 232,046 42.55% 2-3 143,686 3.01% 106,475 74.10% 47,377 1.22% 36,826 77.73% 3 68,292 1.43% 62,673 91.77% 66,628 1.71% 66,413 99.68% 4,769,866 100% 396,603 8.31% 3,887,168 100% 445,246 11.45% 5% 342 2,065,551 43.30% 66
3. 2006630 20051231 1 4,662,701 83.39% 36,076 0.77% 4,098,984 83.76% 97,303 2.37% 1-2 645,353 11.54% 155,482 24.09% 648,024 13.24% 219,505 33.87% 2-3 185,703 3.32% 94,278 50.77% 46,038 0.94% 34,166 74.21% 3 97,783 1.75% 55,825 57.09% 100,487 2.06% 60,763 60.47% 5,591,540 100% 341,661 6.11% 4,893,533 100% 411,737 8.41% 3,111,485 55.65% 5% 172 4. 2006630 728,523 5. : 2006630 20051231 1 802,142 70.35% 532,990 66.45% 712,063 70.65% 487,678 68.49% 1-2 136,273 11.95% 88,883 65.22% 122,012 12.10% 82,721 67.80% 2-3 91,491 8.02% 78,316 85.60% 83,238 8.26% 71,825 86.29% 3 110,373 9.68% 101,310 91.79% 90,627 8.99% 85,741 94.61% 1,140,279 100% 801,499 70.29% 1,007,940 100% 727,965 72.22% 67
5. 106,614 9.35% 5% 25,262 3,150 3 1% 3% 2007 2 2006630 20051231 1 1,476,772 58.35% 522,609 35.39% 1,058,754 54.55% 481,644 45.49% 1-2 712,695 28.16% 87,211 12.24% 656,484 33.83% 82,103 12.51% 2-3 247,232 9.77% 77,553 31.37% 102,262 5.27% 62,013 60.64% 3 94,341 3.72% 90,405 95.83% 123,248 6.35% 84,636 68.67% 2,531,040 100% 777,778 30.73% 1,940,748 100% 710,396 36.60% 1,391,928 55% 5% 68
6. 2006630 20051231 1 70,754 99.32% 150,991 99.88% 1-2 418 0.59% 53 0.03% 2-3 69 0.09% 130 0.09% 7. 71,241 100% 151,174 100% 5% 2006630 20051231 1,521,443 1,221,858 138,881 102,958 420,490 538,703 1,017,812 892,766 * 270,820 279,220 501,375 515,958 2,868,071 2,519,547 * [2002]36 69
8. 2006630 20051231 5,249,600 4,689,157 (509,624) (733,455) 4,739,976 3,955,702 ( 21,016,727 19,420,235 (16,276,751) (15,464,533) 4,739,976 3,955,702 2006630 20051231 3,289,799 2,420,118 1,450,177 1,535,584 4,739,976 3,955,702 9 2006630 20051231 (1) 43,488 43,288 (2) 43,305 35,583 (3) 6,588 6,588 (4) 13,036 13,036 106,417 98,495 (5) 13,036 13,036 93,381 85,459 70
9 (1) 0.33% 5,000 5,000 -- -- 5,000 7.59% 3,240 3,240 -- -- 3,240 16% 32,000 32,000 -- -- 32,000 () 19% 1,024 1,024 -- -- 1,024 SunTop Technologies Ltd. 26.54% 24 24 -- -- 24 10% 2,000 2,000 -- -- 2,000 10% 200 -- 200 -- 200 43,488 43,288 200 -- 43,488 71
9 (2) 40% 30,000 13,218 -- -- 13,218 30% 3,000 283 -- -- 283 KAZNURTEL Limited Liability Company 49% 1,012 2,477 -- -- 2,477 30.88% 3,500 3,598 -- 694 4,292 22.73% 2,500 2,375 -- (4) 2,371 40% 4,000 2,976 -- -- 2,976 40% 1,000 811 -- 189 1,000 30% 4,500 4,348 -- -- 4,348 () 30% 4,500 2,354 -- -- 2,354 30% 5,218 3,143 1,843 -- 4,986 35% 3,500 -- 3,500 -- 3,500 30% 1,500 -- 1,500 -- 1,500 64,230 35,583 6,843 879 43,305 72
9 (3) 50% 2,500 4,613 -- -- 4,613 Bestel Communications Ltd. 50% 2,050 1,975 -- -- 1,975 4,550 6,588 -- -- 6,588 (4) 13,036 -- -- -- 13,036 (5) 13,036 73
9 2006630 20051231 (1) (2) (3) (4) (5) 2,873,075 2,779,384 4,613 4,613 18,336 18,336 41,488 41,288 3,580 2,720 2,941,092 2,846,341 (6) 13,036 13,036 2,928,056 2,833,305 74
9. (1) * 90% 1,303,114 -- 49,939 -- 1,353,053 90% 9,414 -- 13 -- 9,427 ZTE (USA) Inc. 100% (9,290) -- (28,428) -- (37,718) 65% 31,617 -- 1,683 -- 33,300 () 100% 454,727 -- (62,470) -- 392,257 51% 22,787 -- 123 -- 22,910 Telrise (Cayman) Telecom Ltd. 52.85% 2,923 -- (12) -- 2,911 90% 3,356 -- -- -- 3,356 Congo-Chine Telecom S.A.R.L 51% 24,256 31,502 20,482 -- 76,240 65% (28,912) -- (743) -- (29,655) 95% 29,129 -- 6,014 -- 35,143 76% 103,676 -- (12,613) -- 91,063 ZTE(UK) Ltd. 51% (16,647) -- (6,408) -- (23,055) ZTE Do Brasil LTDA 100% (10,345) -- (9,117) -- (19,462) 70% 697,581 -- 263,912 -- 961,493 75% 78,258 -- (9,822) -- 68,436 ZTE Wistron Telecom AB 100% 2,616 -- (134) -- 2,482 ZTE-CommunicationTechnogies,Ltd 100% 5,110 -- (2,487) -- 2,623 ZTE Corporation Mexico S. DE R. L DE C.V. 100% (13,325) -- (4,299) -- (17,624) 51% 49,655 -- 6,410 -- 56,065 Zhongxing Telecom Pakistan (Private) Ltd. 93% (33,902) -- 62,766 -- 28,864 90% 9,280 -- (432) -- 8,848 90% 34,378 -- (196,784) -- (162,406) 51% 10,589 -- 5,119 -- 15,708 ZTE Holdings (Thailand) Co., Ltd. 49% (12) -- (6) -- (18) ZTE (Thailand) Co., Ltd. 49% (1,022) -- (949) -- (1,971) 54% 1,850 -- 4,355 -- 6,205 ZTE Kangxun Telecom Company India Private Ltd. 100% (52,142) -- (36,521) -- (88,663) ZTE Romania SRL 100% (7,483) -- (8,332) -- (15,815) ZTE Malaysia Corporation SDN.BHD 100% (2,579) -- (2,878) -- (5,457) 75
* ZiMax(Cayman) Holdings Co., Ltd. 100% 33,167 -- 12,203 -- 45,370 70% 12,298 -- (4,172) 1,050 7,076 Closed Joint Stock Company TK Mobile 51% 14,329 -- 219 -- 14,548 PT. ZTE Indonesia 99.5% 5,577 -- 11,059 -- 16,636 30% 15,356 -- 7,049 1,500 20,905 2,779,384 31,502 64,739 2,550 2,873,075 *63,981 (2) 50% 2,500 4,613 -- -- 4,613 (3) 40% 30,000 13,218 -- -- 13,218 30% 3,000 286 -- -- 286 KAZNURTEL Limited Liability Company 49% 1,012 2,478 -- -- 2,478 () 30% 4,500 2,354 -- -- 2,354 38,512 18,336 -- -- 18,336 76
9. (4) 0.33% 5,000 5,000 -- -- 5,000 7.59% 3,240 3,240 -- -- 3,240 16% 32,000 32,000 -- -- 32,000 ( ) 19% 1,024 1,024 -- -- 1,024 SunTop Technologies Ltd. 26.54% 24 24 -- -- 24 10% 200 -- 200 -- 200 41,488 41,288 200 -- 41,488 (5) 13,036 -- -- 13,036 (10,316) -- 860 (9,456) 2,720 -- 860 3,580 (6) 13,036 77
10. 917,623 51,631 210,369 1,009,942 1,419,878 14,497 3,623,940 -- 73 12,855 104,163 138,214 739 256,044 -- -- -- -- 28,277 -- 28,277 -- -- (4,520) (5,638) (36,163) (320) (46,641) 454 -- 455 206 (2,854) 1,579 (160) 918,077 51,704 219,159 1,108,673 1,547,352 16,495 3,861,460 110,451 28,046 64,229 331,685 607,436 6,942 1,148,789 19,110 7,932 11,064 67,952 109,471 1,408 216,937 -- -- (2,679) (2,718) (27,921) (307) (33,625) 244 -- 55 (635) (106) 185 (257) 129,805 35,978 72,669 396,284 688,880 8,228 1,331,844 788,272 15,726 146,490 712,389 858,472 8,267 2,529,616 807,172 23,585 146,140 678,257 812,442 7,555 2,475,151 7,708 -- -- 1,475 85,797 -- 94,980 780,564 15,726 146,490 710,914 772,675 8,267 2,434,636 799,464 23,585 146,140 676,782 726,645 7,555 2,380,171 78
11 -- 12,195 1,732 -- -- 13,927 1,300,000 46,665 33,110 -- -- 79,775 -- 6,008 42,365 -- -- 48,373 -- 1,162 22,425 -- -- 23,587 -- 14,589 2,104 -- -- 16,693 IT -- 9,440 -- -- -- 9,440 TK -- 33,955 5,363 25,942 9,293 4,083 -- 2,727 12,980 2,335 -- 13,372 1,300,000 126,741 120,079 28,277 9,293 209,250 65.10% 12 259,235 108,993 18,499 22,315 154,058 105,177 5 2,396 1,354 -- 158 1,200 1,196 1-10 19,856 12,859 12 209 7,194 12,662 48 77,854 64,014 490 2,229 15,579 62,275 20 187,220 19,001 24,911 178,031 181,310 12,884 -- -- -- 12,884 6,322 -- -- -- 6,322 7,750 -- -- -- 7,750 26,956 -- -- -- 26,956 79
13 (Algerie Telecom) 55 2006630 5 14 2006630 20051231 4,474 4,474 37,350 37,350 39,069 39,069 83 -- 80,976 80,893 15 2006630 20051231 RMB 180,700 180,700 RMB 52,000 52,000 -- -- PKR 353,300 47,695 180,700 99,695 81.25% 16 5% 2,272 36.95% 17 5% 51,889 80
18 5% 19 2006630 20051231 233,225 622,804 62.55% 20 2006630 20051231 100,878 3,186 / 150,883 159,822 134,422 -- 386,183 163,008 223,175 2005 21 2006630 20051231 863,820 (802,209) 6,420 5,508 1,078 (794) 11,012 42,020 72,577 72,652 1,156 18 17,500 12,523 (769,073) (670,282) 81
22 5% 313 23 2006630 20051231 576 395 3,122 4,541 27,267 14,972 260,998 248,998 19,722 -- 49,892 77,762 361,577 346,668 24 2006630 20051231 4,035 4,035 23,371 16,000 27,406 20,035 25 2006630 20051231 500,000 500,000 82
26 2006630 20051231 RMB 600,000 600,000 -- -- -- USD 9,648 80,000 USD 9,648 80,000 RMB 500,000 500,000 RMB 500,000 500,000 500,000 500,000 27 680,000 80,000 2006630 20051231 28 411,751 405,511 959,521,6501 () 1. 392,080 40.86% -- -- -- 392,080 40.86% 2. 12,714 1.32% -- -- -- 12,714 1.32% : 11,433 1.19% -- -- -- 11,433 1.19% 1,281 0.13% -- -- -- 1,281 0.13% 3. 18,291 1.91% -- -- -- 18,291 1.91% 423,085 44.09% -- -- -- 423,085 44.09% 1. 376,286 39.22% -- -- -- 376,286 39.22% 2. 160,151 16.69% -- -- -- 160,151 16.69% 536,437 55.91% -- -- -- 536,437 55.91%. 959,522 100% -- -- -- 959,522 100% 83
29 5,462,657 -- -- 5,462,657 38,398 759 -- 39,157 62 -- -- 62 * 5,307 -- -- 5,307 5,506,424 759 -- 5,507,183 * 3 30 919,152 -- -- 919,152 344,908 -- -- 344,908 1,264,060 -- -- 1,264,060 31 2,171,190 373,468 -- 2,544,658 32 20061-62005 5,446,3545,599,28751.92%54.35% 84
33 20061-6 20051-6 10,156 16,034 8,542 5,832 10,132 14,577 15,114 -- 43,944 36,443 34 20061-6 20051-6 4,449 -- 22,063 2,735 1,044 -- 27,556 2,735 9 35 20061-6 20051-6 53,977 73,613 26,347 31,201 (17,210) (11,302) 18,178 37,855 25,466 29,741 54,064 98,706 85
36 20061-6 20051-6 694 347 -- (230) -- (406) 694 (289) 20061-6 20051-6 63,981 256,049 -- (230) 860 453 64,841 256,272 37 20061-6 20051-6 * 182,190 120,528 29,670 6,000 211,860 126,528 * 3% 86
38 20061-6 20051-6 -- 973 2,021 2,605 4 2,558 784 -- 968 5,547 3,777 11,683 67.67% 39 20061-6 20051-6 3,765 4,373 31 -- 1,874 -- 864 738 6,534 5,111 40 2006630 1,460,484 87
20061-6 20051-6 20061-6 20051-6 20061-6 20051-6 8,185,499 7,975,797 5,134,148 4,363,750 3,051,351 3,612,047 2,134,076 2,214,613 1,586,511 1,980,083 547,565 234,530 170,954 112,588 106,256 79,650 64,698 32,938 10,490,529 10,302,998 6,826,915 6,423,483 3,663,614 3,879,515 20061-6 20051-6 20061-6 20051-6 20061-6 20051-6 6,529,012 7,155,786 4,235,735 4,698,008 2,293,277 2,457,778 3,961,517 3,147,212 2,591,180 1,725,475 1,370,337 1,421,737 10,490,529 10,302,998 6,826,915 6,423,483 3,663,614 3,879,515 20061-6 20051-6 20061-6 20051-6 20061-6 20051-6 7,598,640 7,840,148 6,381,657 6,153,441 1,216,983 1,686,707 2,139,302 2,112,341 1,587,403 1,956,475 551,899 155,866 9,737,942 9,952,489 7,969,060 8,109,916 1,768,882 1,842,573 20061-6 20051-6 20061-6 20051-6 20061-6 20051-6 5,629,221 7,062,517 4,412,500 6,019,105 1,216,721 1,043,412 4,108,721 2,889,972 3,556,560 2,090,811 552,161 799,161 9,737,942 9,952,489 7,969,060 8,109,916 1,768,882 1,842,573 88
1. 37.41% 2. 1,000 -- -- 1,000 1,000 3. % % % % 358,959 37.41% -- -- -- -- 358,959 37.41% 89
4. 90
5. : (1) 20061-6 20051-6 746 3,765 75 -- 37 4,094 759 2,412 -- 2,792 -- 5,253 10,049 3,639 4,483 2,634 359 9,337 (2) 20061-6 20051-6 149,958 137,098 38,480 76,661 34,045 39,287 4,244 332 337 3,492 12,428 22,863 178 76 677 -- 251 5,364 11,215 9,732 5,713 -- 444 -- (1) (2) 91
6. 51,889 104,563 45,646 65,870 9,362 14,910 3,108 6,005 9,202 27,490 -- 1,408 301 182 395 2,616 -- 954 11,193 11,067 -- 3,156 627 -- 313 313 65 -- 12 -- 1,024 1,024 -- 132 -- 3,040 338 3,173 -- 401 786 775 3,866 559 7 -- 2,272 -- 92
6. 3,608 3,464 182 -- -- 1,038 2,500 -- 342 177 -- 9,053 30 3,062 9 2,070 5,904 2,150 54 -- 9 -- -- 154 -- 765 4,644 -- 294 -- 12,087 14,837 1,380 936 89,740 2,250 2,299 2,299 -- 700 -- 499 93
1. 200511 35,00036,000 71,000 71,000 2006711,,117,200,71,00040,000., 2. 20051216 36,450(294,200) 3. 200581890 (726)1,190(9,606) 50(404) 4. () 2005(Rawalpindi Collectorate of Customes) 177(23.9)24(324) (CENTRAL BOARD OF REVENUE) (ADRC-Committe for Alterate Dispute Resolution Islamabad)200595 36(4.8)4 94
5. 2006630, 2,123,865 2006630 20051231 257,595 231,561 219,926 183,425 -- 21,065 477,521 436,051 2006824 95
20061-6 2006630 20051-6 20051231 373,468 10,251,664 687,663 10,125,095 -- (29,627) 147,555 (27,710) 177,182 -- -- (30,459) -- (30,459) -- -- -- 406 -- -- 3,217 (18,089) -- (21,306) 347,058 10,350,671 660,359 10,250,512 96
3,619,670 35.31% 35.10% 3.77 3.77 273,145 2.66% 2.65% 0.28 0.28 373,468 3.64% 3.62% 0.39 0.39 350,592 3.42% 3.40% 0.37 0.37 20061-6 373,468 29,670 3,777 (6,534) (4,037) 350,592 [2004]4 1 97
1,173,211 24,891 -- 1,198,102 445,246 (48,643) -- 396,603 727,965 73,534 -- 801,499 515,958 (14,583) -- 501,375 86,161 (12,397) -- 73,764 1,599 (1,599) -- -- 5,779 2,283 -- 8,062 422,419 (2,870) -- 419,549 13,036 -- -- 13,036 13,036 -- -- 13,036 -- -- -- -- 94,980 -- -- 94,980 7,708 -- -- 7,708 1,475 -- -- 1,475 85,797 -- -- 85,797 26,956 -- -- 26,956 6,322 -- -- 6,322 12,884 -- -- 12,884 7,750 -- -- 7,750 98
20061-6 20051-6 959,522 959,522 -- -- -- -- -- -- -- -- -- -- -- -- 959,522 959,522 5,506,424 5,491,658 759 9,408 -- -- -- -- -- -- -- -- 759 4,101 -- 5,307 -- -- -- -- 5,507,183 5,501,066 919,152 733,350 -- -- -- -- -- -- -- -- 919,152 733,350 919,152 733,350 344,908 252,006 -- -- -- -- -- -- 344,908 252,006 2,171,190 1,495,431 373,468 687,663 -- -- 2,544,658 2,183,094 99
10,490,529 10,302,992 (6,823,951) (6,521,433) 3,666,578 3,781,559 280,902 280,921 (1,255,474) (1,144,343) (1,597,722) (1,485,474) (651,927) (492,006) 64,241 (49,861) (53,977) (74,805) - - - 1,191 694 (822) 453,315 816,360 (52,017) (74,380) 401,298 741,980 347,058 660,359 54,240 81,621 401,298 741,980 0.36 0.69 100
2,608,216 2,470,965 54,374 55,062 301,633 335,835 - - 6,588 6,588 43,305 35,583 43,488 43,288 202,843 307,666 692,483 687,765 62,888 59,587 4,015,818 4,002,339 1,401 1,418 2,597,251 2,240,327 5,249,600 4,689,157 6,342,354 4,686,775 36,040 36,416 1,258,912 1,188,313 25,262 46,165 127,982 175,899 2,852,727 5,397,233 18,491,529 18,461,703 22,507,347 22,464,042 101
6,034,449 6,269,792 509,624 733,455 2,321,849 2,900,137 680,700 599,695 36,040 36,416 83,589 114,672 386,183 163,008 10,052,434 10,817,175 8,439,095 7,644,528 12,454,913 11,646,867 680,000 80,000 692,483 687,765 30,459 30,459 145,516 127,402 1,548,458 925,626 10,906,455 10,721,241 959,522 959,522 9,391,149 9,051,110-239,880 10,350,671 10,250,512 555,784 470,729 10,906,455 10,721,241 102
- - - - - - - - (1,450) (1,450) - - 959,522 5,506,424 1,264,060 (15,981) 2,296,607 239,880 10,250,512 470,729 10,721,241-759 - (7,778) - - (7,019) - (7,019) - - - - 347,058-347,058 54,240 401,298 - - - - - (239,880) (239,880) - (239,880) - - - - 32,265 32,265 959,522 5,507,183 1,264,060 (23,759) 2,643,665-10,350,671 555,784 10,906,455 959,522 5,462,515 985,356 3,786 1,566,093 239,880 9,217,152 478,380 9,695,532 - - - (6,342) - - (6,342) (448) (6,790) - - - - 660,359-660,359 81,621 741,980 - - - - - (239,880) (239,880) - (239,880) - - - - - - - (20,990) (20,990) - - - - - - - (11,555) (11,555) - - - - - - - (860) (860) 959,522 5,462,515 985,356 (2,556) 2,226,452-9,631,289 526,148 10,157,437 103
(2,909,650) (2,579,465) (307,311) (430,634) 681,005 (806,394) (2,535,956) (3,816,493) 5,397,233 7,509,245 (8,550) (6,199) 2,852,727 3,686,553 2,765,214 3,233,431 87,513 453,122 2,852,727 3,686,553 104
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