2008 12 31
2 4 5 8 11 16 17 24 32 42 56 57 75 82 84 99 100 188 189 264
AH ITU 2
3
3G 144Kbps 384Kbps 2Mbps64Kbps ITUIMT-2000 3GPP 3GPP23G ADSL 1.547Mbps 128Kbps CDMA 2G PN DSL xdsl ADSL HDSL VDSL MDSL RDSL GSM 170 TDMA IP RFC 791 TD-SCDMA 3G WCDMA CDMA3GUMTS CDMA 3Mbps FTTX Fiber To The XX FTTXFTTNFTTCFTTB ) FTTH 4
1997 11AA 2004 12 H A 140500 Telus 5
1. ZTE Corporation ZTE 2. 3. +86 755 26770282 +86 755 26770286 fengjianxiong@zte.com.cn 4. 518057 http://www.zte.com.cn fengjianxiong@zte.com.cn 15 8 5. 710 8
6. http://www.cninfo.com.cn http://www.hkex.com.hk 7. A 000063 115003 1 031006 ZXC1 H 763 9
8. 183 17 1712 16 9. 20 15 33 10. 5001 21 8 2 18 11. 1997 11 11 710 6 2000 9 29 4403011015176 44030127939873X 27939873-X 10
2008 2008 2008442.9327.36% 16.60 32.58% 1.24 2008 268.2733.53%60.57% 2008 2008 GSM WCDMA FTTX 3G3G 2009 2008 2008 2 3 11
2008 7 17 2008 27 2008 KPI 20082008 103103 12
3G 2009 3G 2009 3 20 13
2008 1 40 2008 4 Vodafone 2008 4 ORACLE 2008 6 2008 8 TD-SCDMA 3134 118TD-SCDMA 2008 9 1 2008 10 1,383 2008 11 2008 16
1,245.4 2,262.5 1,660.2 1,548.1 3,647.9 194.9 18.1 37.2 43.9 19.8 112.1 17
1 2008 2007 2006 1 44,293.4 34,777.2 27.36% 23,214.6 23,214.6 2,262.5 1,727.7 30.95% 1,069.6 1,030.7 1,660.2 1,252.2 32.58% 807.4 767.0 1,548.1 1,245.8 24.26% 753.9 713.4 3,647.9 88.4 4,026.58% (1,555.0) (1,548.1) 2008 2007 2006 50,865.9 39,229.6 2 29.66% 25,916.9 25,760.7 14,249.5 12,137.2 17.40% 10,678.9 10,763.9 1 20062007 2 2007 18
2 2008 2007 2006 1.24 0.93 2 33.33% 0.60 2 0.57 2 1.20 0.92 2 30.43% 0.60 2 0.57 2 1.15 0.93 2 23.66% 0.56 2 0.53 2 % 11.65 10.32 1.33 7.56 7.13 % 12.36 10.94 1.42 7.76 7.30 10.86 10.26 0.60 7.06 6.63 % 11.52 10.88 0.64 7.24 6.79 % 2.72 0.07 2 3,785.71% (1.16) 2 (1.15) 2 2006 2008 2007 10.61 9.04 2 17.37% 7.95 2 8.01 2 1 1,343,330,310 6,717.255% 2 2007 959,521,6501,343,330,310 19
12 31 2008 2007 2006 2005 2004 44,293.4 34,777.2 23,214.6 21,740.7 21,261.4 (29,911.5) (23,415.0) (15,365.9) (14,101.7) (13,813.5) 14,381.9 11,362.2 7,848.7 7,639.0 7,447.9 1,295.7 1,028.0 724.7 516.9 492.8 (3,994.1) (3,210.4) (2,832.7) (1,959.5) (2,265.2) (5,401.0) (4,531.5) (3,274.7) (3,186.4) (2,799.6) (2,190.0) (1,718.2) (1,097.6) (1,095.4) (981.4) (1,159.7) (898.2) (191.5) (128.6) (162.4) 2,932.8 2,031.9 1,176.9 1,786.0 1,732.1 (690.2) (328.3) (153.7) (175.9) (140.4) 19.9 24.1 7.5 (4.2) 3.1 2,262.5 1,727.7 1,030.7 1,605.9 1,594.8 (350.6) (276.2) (127.1) (179.9) (115.0) 1,911.9 1,451.5 903.6 1,426.0 1,479.8 (251.7) (199.3) (136.6) (138.3) (207.3) 1,660.2 1,252.2 767.0 1,287.7 1,272.5 12 31 2008 2007 2006 2005 2004 52,228.8 41,034.4 26,787.2 22,464.0 21,007.8 37,045.3 28,146.0 15,461.4 11,742.8 11,312.2 934.0 751.2 561.9 470.7 478.4 14,249.5 12,137.2 10,763.9 10,250.5 9,217.2 2007 20
2008 2007 2006 2005 2004 1.24 0.93 1 0.57 1 0.96 1 0.95 1 10.61 9.04 1 8.01 1 7.63 1 6.86 1 11.65% 10.32% 7.13% 12.56% 13.81% 1 2007 959,521,6501,343,330,310 2 20082008 21
(%) 1 (%) 311,954,732 32.51 105,596,213 (415,857,031) (310,260,818) 1,693,914 0.13 1 2 310,982,741 32.41 105,202,663 (416,185,404) (310,982,741) 3 971,991 0.10 393,550 328,373 721,923 1,693,914 0.13 971,991 0.10 393,550 328,373 721,923 1,693,914 1 0.13 4 647,566,918 67.49 278,212,447 415,857,031 694,069,478 1,341,636,396 99.87 1 487,415,878 50.80 214,152,031 415,857,031 630,009,062 1,117,424,940 83.18 2 3 H 160,151,040 16.69 64,060,416 64,060,416 224,211,456 16.69 4 959,521,650 100 383,808,660 383,808,660 1,343,330,310 100 1 1,635,8520.1218%58,062 0.0043% 2 A 20072008 10 282008 10 29 A 1 24
310,982,741 435,375,837 124,393,096 0 1 2 164,700 0 215,900 380,600 91,260 0 111,572 202,832 71,820 0 43,728 115,548 68,255 0 42,302 110,557 91,260 0 36,504 127,764 7,515 0 3,006 10,521 71,820 0 52,353 124,173 33,629 0 28,452 62,081 18,225 0 911 19,136 0 5,000 20,000 15,000 70,875 0 35,850 106,725 31,039 0 23,666 54,705 0 3,750 15,000 11,250 0 3,825 15,300 11,475 0 7,500 30,000 22,500 0 3,750 15,000 11,250 25,353 0 17,641 42,994 59,130 0 38,652 97,782 0 5,000 20,000 15,000 0 2,500 10,000 7,500 167,110 111,048 88,459 144,521 311,954,732 435,518,210 125,257,392 1,693,914 25
1 2005 11 23 1324 A 6026.75 115%30.76 2006 7 14 2007 7 272005200630.76 30.36 2 2008 12 292008 12 25 1 2008 2 22 2 2008 7 1020072008 1 1 959,521,6501,343,330,310 3 26
1 2008 12 31 36,324 A35,989H335 10 % 1. 35.52 477,088,010 0 2. 16.66 223,755,615 0 3. 1.44 19,295,361 0 4. 1.27 17,000,000 0 5. 1.19 16,004,534 0 6. 1.13 15,140,900 0 7. 1.12 15,000,000 0 8. 0.93 12,502,281 0 005L FH002 9. 0.91 12,181,584 0 10. 0.82 10,983,857 0 27
10 1. 477,088,010 A 2. 223,755,615 H 3. 19,295,361 A 4. 17,000,000 A 5. 16,004,534 A 6. 15,140,900 A 7. 15,000,000 A 8. 12,502,281 A 005L FH002 9. 12,181,584 A 10. 10,983,857 A 1. 106 9 2. 1010 3. 10 10 28
2 5% 25,591,598 451,496,412 477,088,010 2007 2008 7 42008 10 112008 12 25 2007 3 1993 4 29 10,000 29
4 34% 17% 49%93 2 433.33% 22.22% 44.45% 33.33% 22.22% 44.45% 1965 19,853 1984 3 20 1,795 1992 10 231,000 2008 12 31 30
5 2008 12 31 336 5% (%) 477,088,010 35.52 42.63 A (L) 477,088,010 35.52 42.63 A (L) 477,088,010 35.52 42.63 A (L) 477,088,010 35.52 42.63 A (L) 477,088,010 35.52 42.63 A (L) FMR LLC 21,086,060 1.57 9.40 H (L) Goldman Sachs (Asia) LLC 11,622,000 H (L) 1.21 7.26 Goldman Sachs (Cayman) Holding Company 11,622,000 H (L) Aranda Investments (Mauritius) Pte Ltd 11,141,800 H (L) Alliance Bernstein L.P. (formerly Alliance Capital 13,381,800 Management L.P. ) H (L) FIL Limited 11,841,420 H (L) Massachusetts Financial Services Company ( MFS ) 8,428,100 H (L) Sun Life Financial, Inc. 8,428,100 H (L) 1.21 7.26 1.16 6.96 1.00 5.97 0.88 5.28 0.88 5.26 0.88 5.26 JPMorgan Chase & Co. 11,738,134 0.87 5.24 H (L) 0 H (S) 0.00 0.00 11,377,454 H (P) 0.85 5.07 (L) (S) (P) 2008 7 10959,521,650H160,151,040 2008 12 31 336 6 2009 3 18 31
1 67 1997 2004 2 2004 2 39 641968 20012003 22003 2 2007 122004 2 531982 200120032003 2004 2 551977 2000 2003 32003 3 2006 3 2004 2 531982 20002003 2003 1999 4 522001 2001200220022003 20032008 2004 2 452004 1988 199119931997 1997199919992004 1997 1118 32
451999 1984 1989 198919931993 199719971999 1999 2001 2 18 421999 19901993 19981999 1999 2001 216 432002 19822003 7 471992 1983 2003 7 38 1999 1994 20012001 2003 7 63 1981ITU-T 19822004 2 41 1989 199419972002 20022003 112004 6 Dragon Pharmaceutical Inc. 33
2 35 1996 72000 9 3 671966691 1993 41997 112004 2 2004 2 421991 1991 61994 101994 10 3819911995 1998 1 471992 61994 1019972003 2003 441988 7 1992 121999 9 1999 4 4619992004 198819931997 199719991999 2008 11XBRL 20 34
452004 1986 1994 19982004CDMA CDMA 2004 12 4020051991 199619972002 2002 20052005 11 45199820062007 19982007 20081988 1988 20 402008 31992 2006 199619972005 2008 3 10 502002 1989 1994 19891992 19951998AT&T 19982002 20022007 13 441998 19871987 1995199519971998 13 4220041997 19911998 1998CDMA19982003 2004 CDMA2007 17 35
402005 19952002 5 199519972000CDMA 20012004CDMA2005 10 352006 19962007 EMBA1996 19972006 7 2006 8 9 3520041998 199819982003 2004 2007 10 4220011988 2007 (DBA) 1994 19972001 2001 15 491998IT1981 1981199419941997 1998 IT 14 441990 199919992006 9 36
A A A 67 3/2007-3/2010 219,600 1 2 507,466 94.9 0 0 30.05 27.20 64 3/2007-3/2010 0 0 10.0 10,000 0 30.05 27.20 53 3/2007-3/2010 0 0 10.0 10,000 0 30.05 27.20 55 3/2007-3/2010 0 0 10.0 10,000 0 30.05 27.20 53 3/2007-3/2010 0 0 10.0 10,000 0 30.05 27.20 52 3/2007-3/2010 0 0 10.0 10,000 0 30.05 27.20 45 3/2007-3/2010 121,680 1 2 270,442 242.7 0 0 30.05 27.20 45 3/2007-3/2010 95,760 1 2 154,064 85.1 0 0 30.05 27.20 42 3/2007-3/2010 91,007 1 2 147,410 115.9 0 0 30.05 27.20 43 3/2007-3/2010 0 0 10.0 0 0 30.05 27.20 47 3/2007-3/2010 0 0 10.0 0 0 30.05 27.20 38 3/2007-3/2010 0 0 10.0 0 0 30.05 27.20 63 3/2007-3/2010 0 0 10.0 0 0 30.05 27.20 41 3/2007-3/2010 0 0 10.0 0 0 30.05 27.20 67 3/2007-3/2010 121,680 1 170,352 94.9 0 0 30.05 27.20 42 3/2007-3/2010 0 0 57.7 0 0 30.05 27.20 38 3/2007-3/2010 0 0 48.8 0 0 30.05 27.20 47 3/2007-3/2010 10,020 1 14,028 0 0 0 30.05 27.20 44 3/2007-3/2010 0 0 0 0 0 30.05 27.20 46 3/2007-3/2010 95,760 1 2 165,564 110.7 0 0 30.05 27.20 45 3/2007-3/2010 44,839 1 2 82,775 112.9 100,000 0 30.05 27.20 40 3/2007-3/2010 18,225 1 25,515 113.6 100,000 0 30.05 27.20 45 3/2007-3/2010 0 0 102.8 100,000 0 30.05 27.20 40 3/2007-3/2010 0 2 20,000 118.4 150,000 0 30.05 27.20 50 3/2007-3/2010 94,500 1 2 142,300 123.4 100,000 0 30.05 27.20 44 3/2007-3/2010 41,385 1 2 72,940 60.3 100,000 0 30.05 27.20 42 3/2007-3/2010 0 2 15,000 81.5 180,000 0 30.05 27.20 40 3/2007-3/2010 0 2 15,300 95.4 150,000 0 30.05 27.20 35 3/2007-3/2010 0 2 30,000 111.9 150,000 0 30.05 27.20 35 3/2007-3/2010 0 2 15,000 107.5 180,000 0 30.05 27.20 42 3/2007-3/2010 33,804 1 2 57,326 98.0 100,000 0 30.05 27.20 49 3/2007-3/2010 78,840 1 2 130,376 98.0 100,000 0 30.05 27.20 44 3/2007-3/2010 0 2 20,000 79.9 150,000 0 30.05 27.20 35 3/2007-3/2010 0 2 10,000 52.5 100,000 0 30.05 27.20 1,067,000 2,065,858 2,306.8 1,810,000 0 1 2008 7 102007 104102.5 2 2008 10 282008 10 29 A 571,916 2008 10 30 37
2007.4 2010.3 2003 2007.4 2010.3 2003 10 2007.4 2010.3 2003 2007.4 2010.3 2007.4 2010.3 2007.4 2010.3 2007.4 2010.3 2007.4 2010.3 8 Dragon Pharmaceutical Inc. 2 10 11 38
2 10 6 4 9 2 2 4 3 2 3 2 1 2 3 2008 3 19 2008 10 6 39
11 3 6 2 0 11 2 6 3 0 11 5 6 0 0 11 1 6 4 0 11 3 6 2 0 11 5 6 0 0 11 3 6 2 0 11 3 6 2 0 11 5 6 0 0 11 3 6 2 0 11 5 6 0 0 11 5 6 0 0 11 4 6 1 0 11 4 6 1 0 11 2 6 3 40
61,3502920 1 % 20,750 33.8 10,061 16.4 10,837 17.7 13,436 21.9 6,266 10.2 61,350 100.0 2 % 437 0.7 14,120 23.0 28,157 45.9 18,636 30.4 61,350 100.0 41
2008 42
2007 4 2007 2007 6 25 2007 10 162007 2007 7 11 2007 7 16 2007 9 11 [2007]70 2008 7 17 2008 27 2008 11 9 2 0 11 11 0 0 11 11 0 0 11 10 1 0 11 10 1 0 43
2008 2008 2008 44
1 2 2008 2008 2005 ISO14001OHSAS18001 45
2008 12 31 2008 46
2008 12 31 3.13 5,200 47
1 2008 162008 9/11 2/11 8/11 3/11 11/11 7/11 4/11 9/11 2/11 11/11 9/11 2/11 9/11 2/11 11/11 9/11 2/11 11/11 11/11 10/11 1/11 10/11 1/11 2 14 3 3 3 4 48
1 2 3 2008 8 20 2007 3 30 1 (1) (2) 2008 4/5 1/5 5/5 3/5 2/5 5/5 5/5 5/5 49
(3) (4) 2008 a) 20072007 2007 b) 2008 c) 2008 d) e) 2 (1) (2) 2008 2/2 2/2 2/2 1/2 1/2 1/2 1/2 2/2 2/2 50
(3) (4) 2008 3 (1) (2) 3.21 2008 7/7 5/7 2/7 2/7 5/7 7/7 5/7 2/7 6/7 1/7 7/7 51
(3) 2008 a) 2007 12 31 b) c) 2007 d) 2007 12 31 e) 2007 12 31 f) 2007 12 31 g) 2008 h) 2007 i) j) 2008 6 30 52
2008 6/7 1/7 5/7 2/7 7/7 7/7 7/7 2008 8 (1) (2) 2008 53
(3) 2008 12 31 2008 12 31 XV352 2008 12 31 18 (4) 2008 9 33 2005200620072008 2004 2008 84 2008 504 54
2008 2008 12 31 2008 55
2008 5 2720072008 5 28 2008 11 2720082008 11 28 56
2008 12 31 2008 12 31 100189 189 2008 12 31 19 2008 12 31 202008 12 3120042005 200620072008 2008 2008 20083G 2008 2008 2008 2008 2008442.93 27.3616.6032.58 57
2008174.6618.933G 2008268.2733.53 60.57 2008 GSM WCDMA FTTX3G3G 2009 GSM WCDMA WCDMA FTTX (Telstra) 2008 GSM WCDMA 2008 58
1 44,293.4 29,492.5 33.42% 27.36% 28.20% (0.43) 44,293.4 29,492.5 33.42% 27.36% 28.20% (0.43) 28,963.8 18,315.3 36.76% 28.34% 36.71% (3.87) 9,692.6 7,393.0 23.73% 26.78% 24.47% 1.42 5,637.0 3,784.2 32.87% 23.49% 3.18% 13.22 44,293.4 29,492.5 33.42% 27.36% 28.20% (0.43) 17,466.4 11,181.3 35.98% 18.93% 11.95% 3.99 10,432.9 7,848.5 24.77% 7.78% 13.63% (3.87) 9,311.1 5,240.9 43.71% 69.76% 80.48% (3.35) 7,083.0 5,221.8 26.28% 43.78% 62.89% (8.65) 44,293.4 29,492.5 33.42% 27.36% 28.20% (0.43) 2 10% 28,963.8 18,315.3 36.76% 9,692.6 7,393.0 23.73% 5,637.0 3,784.2 32.87% 59
3 2008 2007 50,865.9 100% 39,229.6 100% 29.66% 9,972.5 19.61% 7,098.9 18.10% 40.48% 1 4,103.1 8.07% 3,038.1 7.74% 35.05% 2 168.4 0.33% 137.0 0.35% 22.92% 817.1 1.61% 931.1 2.37% (12.24%) 3,882.5 7.63% 2,839.9 7.38% 34.16% 3 8,978.0 17.65% 7,429.5 18.94% 20.84% 0 0 0 0 0 1,292.5 2.54% 2,085.2 5.32% (38.02%) 4 1 40.48% 2 35.05% 3 34.16% 4 38.02% 4 2008 2007 55.04% 57.92% (2.88) 561.96% 571.70% (9.74) 5.42% 3.44% 1.98 44.96% 42.08% 2.88 2008 2007 5,312.5 4,395.1 20.87% 2,099.7 1,777.6 18.12% 1,308.3 494.4 164.62% 1 350.6 276.3 26.89% 1 164.62% 60
5 2008 2007 3,647.9 88.4 4,026.58% 1 (1,987.7) (1,757.6) (13.09%) 3,642.7 3,828.3 (4.85%) 1 4,026.58% 6 (1) % 5,000 98 3,145.0 2,060.3 6,230.7 6,198.1 1,664.8 50,000 100 2,037.9 925.1 3,175.7 515.7 224.5 5,000 100 1,174.5 607.3 1,656.7 1,555.7 270.0 5,000 90 12,361.5 2,185.1 27,603.2 582.1 259.4 61
(2) 2008 12 31 600,000 0 ZTE JANPAN K.K. 2008 3 31 2,083 (187) ZTE Bolivia S.R.L. 2008 8 31 (228) (302) ZTE Ukraine LLC 2008 8 31 103 0 ZTE Lanka (Private) Limited 2008 12 31 6,493 0 ZTE TECHNOLOGY 2008 9 30 1,631 1,221 2008 10 31 4,960 (40) ZET KAZAKHSTAN LLP 2008 11 30 817 (86) ZTE MONGOLIA LTD 2008 12 31 683 0 2008 8 1 (0.4) (5) ZTE Energy (Cayman) Co., Limited 2008 11 1 47,066 (9,254) 2008 11 1 48.647 (6,296) 2008 11 1 (1,845) (2,891) 2008 3 1 (14,640) (190) 10% 11 7 33 8 2008 2008 ES 2008 2009 ZXMP S385SDH 3 30 2008ZXMP S385E-MSTPRPRBBWF (Metro Network Technologies and Services) 62
10%230863 TD 9 20081,8267.46% 4,20217.16% 2008 5,64012.7% 16,92638.2% 10 (1) 2008 1 30400,0004,000 3,961,443,520 2008 2 544301560040310230000 2008 2 5 230,306.34 38.8 2008 2008 63
396,144.35 230,306.34 0 388,000.00 0 (1) (2) (2) (1) (2)/(1) TD-SCDMA HSDPA TD-SCDMA 18,782 7,678.80 18,782.00 3.03 11,776 4,729.07 11,776.00 4.12 TD 67,326 35,593.04 41,211.51 5.70 174,915 78,058.37 136,882.09 5.29 53,358 23,718.66 37,506.97 5.93 IP 39,727 18,957.04 39,727.00 5.49 56,635 18,371.01 30,487.71 5.31 xpon 49,371 21,105.32 32,729.02 5.42 64,108 23,136.80 39,939.47 5.05 ICT 99,647 54,916.59 54,916.59 3.94 RFID 19,394 9,871.89 9,871.89 5.02 655,039 296,136.59 453,830.25 2007 12 31 157,693.66 2008 3 14 1 2 2008 12 31 453,830.25 64
TD-SCDMA HSDPA TD-SCDMA TD-SCDMA HSDPA/HSUPA TD-SCDMA TD TD LTE/LTE-A WCDMA TD- SCDMA WiMAX CDMA NGMN FuTURE LTE FuTURE LTE LTE IMTLTELTE SONDRXMIMO ICIC COMP LTELTERRM MBMS MBSFN H e NBRelay 3GPP Rel-8LTE PRACHPRACH ZCTDD PRACH RACH23LTE RACH LTE TDDPCHCCCHBCCH MBMSMBSFNE-MBMS3GPP TS26.444 3GPP8 2009 LTE/LTE-A 3G WCDMAWindows Mobile GoTaG780 G682 GoTa 65
IMSPoC VideoSharing TD-SCDMAIMSIMS TD-IMSTD-SCDMA CDMA TD-SCDMACSL G/U IP ZIMS TM IMS IMS IMS IMS IMS GSM CDMA WCDMA TD- SCDMA xpon 2008 EPON EPONEPON EPON GPON WDM/OTN MSTP/PTN NMS 2008 E-MSTPRPR2008(BBWF) (Metro Network Technologies and Services) 66
67 90250 OVUM-RHK2008 2009 ICT ICTIT CT 2008 ADC EMA UTM PUSHMAIL RFID RFID107RFID RFIDRFID RFID UHF HF 5.8G433M 800M/900M 5.8GETC RFIDRFIDRFID RFID (2) 2008 82 10% 2008 8 21 2008 10 2008 10 6 2008 11 272008 2008 11 272008 2008 11 272008 2008 10 72008 11 28 2008 126100% 2008 12 13
11 12 (1) 1. 123,644 (123,644) 1 0 0 0 123,644 (123,644) 0 0 0 2. 0 0 0 0 0 123,644 (123,644) 0 0 0 2 45,973 6,339 0 0 52,312 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 169,617 (117,305) 0 0 52,312 1 2 (2) (3) 68
13 1. 123,644 (123,644) 1 0 0 0 123,644 (123,644) 0 0 0 2. 5,375,784 2,195,157 2 0 0 7,570,941 3. 0 0 0 0 0 4. 0 0 0 0 0 5,499,428 2,071,513 0 0 7,570,941 7,876 4,684 0 0 12,560 1 2 14 15 2008 (1) (2) 2008 (3) [2005]120 (2003)56 69
16 (1) 2008 2008 1 28 1 2008 3 13 2008 3 14 2008 3 19 2008 3 20 2008 4 24 2008 4 25 2008 7 17 2008 7 18 2008 7 29 2008 7 30 2008 8 20 2008 8 21 2008 10 6 2008 10 7 2008 10 23 2008 10 24 2008 11 25 2008 11 26 2008 12 12 2008 12 12 1 2 2007 6 25 (2) 1. 20072007 2007 12 31959,521,650104102.5 239,8801,343,330,310A2008 7 9A2008 7 10A2008 7 10A 2008 7 10 2. 2007 3 132007 (a) (b) 2008 7 102007 6,717.2A10% 671.72A 3. 2007 10 162007 157,603.66 (3) 70
1. 2008 2. 2008 2007 20082007 2008 2008 3. 2008 11 2009 1 4. 2008 2008 102009 3 2009 3 5 AH 2008 5. 20092009 71
6. (4) 1. 2008 2. 2008 17 (1) 2008 2008977,862 1,417,872 2,395,7342008 975,9941,423,418 2,399,412 2,395,7342008 20082008 12 311,343,330,310103 402,999 20082008 12 311,343,330,31010 3 402,999,093 H2009 4 174 30 183 1712 16 2008 1 1 10% H102.7 (2) 2008 7 1020072008 7 42007 72
(3) (%) 2005 239,880 1,194,343 20.08 2006 143,928 807,353 17.83 2007 239,880 1,252,158 19.16 18 2009 1 2009 20093G 2009 2 (1) 73
(2) (3) (4) 1 15 2 2008 12 31 31 3 39 4 5 6 37 24 74
2008 2007 28,963.8 22,567.5 9,692.6 7,645.1 5,637.0 4,564.6 44,293.4 34,777.2 (29,911.5) (23,415.0) 14,381.9 11,362.2 1,295.7 1,028.0 (3,994.1) (3,210.4) (5,401.0) (4,531.5) (2,190.0) (1,718.2) (1,159.7) (898.2) 2,932.8 2,031.9 (690.2) (328.3) 19.9 24.1 2,262.5 1,727.7 (350.6) (276.2) 1,911.9 1,451.5 (251.7) (199.3) 1,660.2 1,252.2 403.0 239.9 1.24 0.93 1.20 0.92 75
2008 2007 28,963.8 65.4% 22,567.5 64.9% 9,692.6 21.9% 7,645.1 22.0% 5,637.0 12.7% 4,564.6 13.1% 44,293.4 100.0% 34,777.2 100.0% 2008 2007 17,466.4 39.4% 14,686.6 42.2% 10,432.9 23.6% 9,679.4 27.8% 9,311.1 21.0% 5,484.8 15.8% 7,083.0 16.0% 4,926.4 14.2% 44,293.4 100.0% 34,777.2 100.0% 2008 44,293.427.4% 26,827.033.5% GSM CDMA GSM CDMA 3G 76
(1)(2) 2008 2007 18,589.2 64.2% 13,624.8 60.4% 7,394.1 76.3% 5,985.9 78.3% 3,928.2 69.7% 3,804.3 83.3% 29,911.5 67.5% 23,415.0 67.3% 2008 2007 10,374.6 35.8% 8,942.7 39.6% 2,298.5 23.7% 1,659.2 21.7% 1,708.8 30.3% 760.3 16.7% 14,381.9 32.5% 11,362.1 32.7% 2008 29,911.527.7%32.5% 18,589.236.4% 35.8% 39.6% CDMA WCDMA 7,394.123.5%23.7% 21.7% 3GCDMA 3,928.23.3% 30.3%16.7% 2008 1,295.7 2007 1,028.0 26.0% 20083,994.1 2007 3,210.4 24.4% 9.0% 20079.2% 77
2008 5,401.0 2007 4,531.5 19.2% 13.0%12.2% 20082,190.0 2007 1,718.2 27.5% 4.9% 2007 20081,159.7 2007 898.2 29.1% 44.3%2007 2,031.92008 2,932.8 20075.8%20086.6% 2008690.2 2007 328.3 1.1 2008350.6 2007 276.226.9% 2008 200731.0%200815.5% 200716.0% 2008251.7 2007 199.3 26.3 200713.7%200813.2% 200840.8%31.4%200733.5%7.3 2008 2008 12 3111,344.2 78
2008 2007 2,686.6 (552.1) (1,856.9) (1,655.7) 4,473.2 4,366.9 5,302.9 2,159.1 11,344.2 6,309.7 20082,686.62007 552.1 5,747.2 1,382.2785.3 10,930.71,323.4 20081,856.920071,655.7 1,229.6 20084,473.220074,366.9 3,961.4 2008 2007 1,229.6 1,494.3 20081,229.6 79
12 31 2008 2007 2,658.5 866.4 4,298.5 5,622.2 12 31 2008 2007 5,664.5 4,403.4 1,292.5 2,085.2 2008 2008 12 31 6,957.0 5,664.5 1,292.5 447.8 264.4 182.4 1.0 12 31 2008 2007 8,245.9 5,093.5 8,245.9 5,093.5 80
12 31 2008 2007 301.4 582.3 265.7 255.2 5,875.9 2008 12 31 18 19 20 2008 12 31 2008 12 3131 2008 12 31 2009 2009 2 81
2008 1 2008 3 13 2008 3 14 2 2008 3 192007 20072007 2007 2007 2007 100% 20072008 2008 2008 2008 3 20 3 2008 4 242008 2007 2008 4 25 4 2008 7 29 2008 7 30 5 2008 8 202008 20082008 2008 8 21 6 2008 10 232008 2008 10 24 7 2008 11 25 2008 11 26 82
2008 1 2 3 2008 2008 20082008 4 5 83
1 2005 11 3,500 3,6007,100 2008 123,500 1,166 2 2005 12 3,64524,912 3 2005 8 171.4 1,171227 1,551 2008 7 252008 7 28ICC 4 Rawalpindi Collectorate of Customs (Zhongxing Telecom Pakistan (Pvt) Ltd),2,390 32,400 2007 62007 6 30 1.771,5296 30 6,200 536 5 2006 876,2986,594 2008 2 32,8042,835 84
6 2008 73,581.9 24,481 2009 1 172009 1 19 2008 11 25 2008 11 262008 12 31 2008 7 10 2007 21 38 1 2007 8 16 2007 10 162007 2007 10 17 2007 [2008]132 2008 1 30400,000 4,000 40 100 400,000 2008 1 300.8% 85
2009 1 301 30 2013 1 30 1.63 6,520 242008 2 222010 2 21 102010 2 1 12 2010 2 13 19 2 20 212010 2 1 122 1 0.521A1A 78.13 2 2008 7 102007 ZXC1 55.5821 0.703 3 4 2008 12 31 % 1 7,991,671 19.98 2 3,655,350 9.14 3 2,529,835 6.32 4 2,422,890 6.06 5 2,200,013 5.50 6 1,737,880 4.34 7 1,400,000 3.50 8 1,286,327 3.22 9 881,995 2.20 10 005L FH002 838,825 2.10 86
5 6 70.15% 5 55 7 2008 2 27 2008 3 13 2008 7 14 2009 1 171 2009 2 2 32,000,000 http://www.cninfo.com.cn 10 1 1 2 2009 3 20 1 (1) 87
2008 2007 4 192008 3 202008 10 24 2008 2008 1 12 1 31,000 1 17,000 2 30,000 2 50 20,000 100,000 78,018.33 3.19% IC IC 100 1,000 2 120 120 17,500 5,984.69 0.24% 320 2,500 22,109.63 0.90% 800 19,000 40 662.96 1.16% 44,000 42.5 2.5 2,190.50 4.06% 19 25,000 115 3,314.26 6.15% 3 20,000 30 85.8 0.16% 248 88
2008 3 19 100%445 2008 3 202008 5 15 2008 82 10 (2) (2) 2007 20092007 200914A 2006 11 22007 3 14 2007 a.) 2003 6 251% 57.5%2005 1 21 83.3%16.7% 83.3% 2004 4 2757.5% 23%19.5% 2008 31,848 2006 10 25 (LCD)2007 20092009 12 31 89
(LCM) b.) 90% a.) 2008 325,287 2006 10 25 2007 20092009 12 31 c.) (LCD) 62.5%22.5% 15% 2008 19 90
2006 10 25 (LCD)2007 20092009 12 31 d.) (LCM) 2008 256,689 2006 10 25 (LCM)2007 20092009 12 31 91
e.) 70% 55% 55% 2008 780,183 2006 10 25 2007 2009 2009 12 31 2 92
3 1 93
2 (1) 2006 9 8 5,000 12 United Telecoms 2006 12 11 73,923,700 3 Limited1 1,036.19 2007 6 28 300 6.5 2 0 (A) 8,086.57 3 5,000 3,819.2 (B) 6,140.55 5,147.33 (A+B) 53,151.72 3.50% (C) 0 70% 4 (D) 1,140.55 50% (E) 0 *(C+D+E) 1,140.55 1 United Telecoms Limited 2 30070% 3 5,000 2008 32008 5 4 251% 70% 5 1 0.140172008 12 31 1 6.83462008 12 31 6 94
(2) 2005 1350 180170 2005 3 4 1 Ethiopian 2007 4 30 Telecommunications Corporation 2 TD-SCDMA 2007 6 11 3 2006 4 2006 2007 4 GSM 2007 9 20 5 2008 11 18 2008 6 2008 11 18 2008 7 2008 12 4 2008 2008 ISPP 1 5% A 1 1 95
2 5% 3 5% 2008 2008 3 2007 2007 2008 3 2008 4 2008 2008 8 2008 2008 9 2008 10 2008 11 2008 3 2008 3 2008 4 2008 5 2008 6 2008 6 2008 7 2008 11 JP JP 2008 11 2008 12 2008 12 2008 12 96
2008 Brummer & Partners Prudential American Century TB Alternatives Assets Acre-asset Matthews International Capital Management ING Investment Management Treasury Asia GECantillon Capital World Investors UBS Citadel Investment Group Montpelier JPmorgan BNP, Delaware Investments Piper Jaffray Landowne, Asia Pacific Equity Research RexiterOld Mutual Asset Manager (UK) DWS Mainfirst Asian Century 2008 5% 97
22 1.491.15 2.09 [2008]172 [2008]362 11 2008 10 302009 3 5 98
(2009)60438556_H01 (2008 12 31 2008 12 31 2008 1 2 3 2008 12 312008 2009 3 19 99
2008 2007 12 31 12 31 1 11,480,406 6,483,170 2 123,644 3 1,578,473 1,656,258 4 9,972,495 7,098,949 4 1,658,941 153,668 5 355,887 311,362 6 757,847 689,889 7 8,978,036 7,429,503 8 7,894,010 6,540,218 42,676,095 30,486,661 9 251,148 43,464 10 612,008 581,007 10 753,568 3,142,709 11 168,433 137,019 12 4,103,076 3,038,063 13 817,086 931,090 14 589,084 224,848 15 476,020 258,991 16 400,265 352,210 19,138 33,494 8,189,826 8,742,895 50,865,921 39,229,556 112185 100
2008 2007 12 31 12 31 19 3,882,479 2,893,855 4 1,658,941 153,668 2 12,560 7,876 20 6,318,059 3,946,429 21 9,495,946 7,856,240 8 2,965,582 1,597,314 22 1,392,862 1,491,219 23 1,443,017 1,207,431 24 (765,040) (1,342,330) 25 22,750 41,180 27 1,553,011 1,348,465 64,281 101,695 26 170,382 126,042 28 1,782,006 1,509,569 29,996,836 20,938,653 29 1,292,547 2,085,229 10 753,568 3,142,709 30 3,514,652 31 80,000 80,000 16 5,019 56,460 32 39,752 38,097 5,685,538 5,402,495 35,682,374 26,341,148 33 1,343,330 959,522 34 6,298,172 5,807,332 35 1,431,820 1,364,758 36 5,021,369 3,831,231 36 402,999 239,880 (248,146) (65,562) 14,249,544 12,137,161 37 934,003 751,247 15,183,547 12,888,408 50,865,921 39,229,556 112185 100185 101
2008 2007 38 44,293,427 34,777,181 38 29,492,530 23,004,541 39 415,854 280,266 5,312,516 4,395,125 2,099,715 1,777,554 15 3,994,145 3,210,433 40 1,308,254 494,371 41 419,358 789,140 42 (128,328 ) 115,566 43 122,666 59,437 43 19,877 24,267 1,245,393 1,000,754 44 1,098,296 906,133 44 81,146 179,153 37,154 23,927 2,262,543 1,727,734 45 350,608 276,283 1,911,935 1,451,451 1,660,199 1,252,158 251,736 199,293 46 1.24 0.93 1.20 0.92 112185 100185 102
2008 959,522 5,807,332 1,364,758 3,831,231 239,880 (65,562) 12,137,161 751,247 12,888,408 1,660,199 1,660,199 251,736 1,911,935 1. 580,210 580,210 580,210 2. 4,763 4,763 1,084 5,847 3. 4. (182,584) (182,584) (182,584) 584,973 1,660,199 (182,584) 2,062,588 252,820 2,315,408 1. 2. 299,551 299,551 299,551 3. (9,876) (9,876) (19,984) (29,860) 1. 67,062 (67,062) 2. (239,880) (239,880) (50,080) (289,960) 3. (402,999) 402,999 4. 1. 383,808 (383,808) 2. 3. 4. 1,343,330 6,298,172 1,431,820 5,021,369 402,999 (248,146) 14,249,544 934,003 15,183,547 112185 103
2007 959,522 5,509,664 1,331,059 2,852,652 143,928 (32,880) 10,763,945 561,892 11,325,837 1,252,158 1,252,158 199,293 1,451,451 1. 2. 3. 4. (32,682) (32,682) (3,647) (36,329) 1,252,158 (32,682) 1,219,476 195,646 1,415,122 1. 17,207 17,207 2. 297,668 297,668 297,668 3. 1. 33,699 (33,699) 2. (143,928) (143,928) (23,498) (167,426) 3. (239,880) 239,880 4. 1. 2. 3. 4. 959,522 5,807,332 1,364,758 3,831,231 239,880 (65,562) 12,137,161 751,247 12,888,408 112185 100185 104
2008 2007 45,008,874 34,078,133 3,972,631 2,649,273 47 325,759 199,881 49,307,264 36,927,287 30,430,667 24,683,459 6,160,806 4,778,567 2,515,238 1,729,913 47 6,552,640 5,646,958 45,659,351 36,838,897 48 3,647,913 88,390 15,392 26,803 89,862 34,479 52,554 18,295 157,808 79,577 1,911,923 1,777,223 233,536 60,000 2,145,459 1,837,223 (1,987,651) (1,757,646) 43,342 503,138 17,207 3,961,444 9,365,004 6,981,386 13,369,790 7,484,524 8,896,625 3,117,701 830,481 538,488 66,259 9,727,106 3,656,189 3,642,684 3,828,335 (268,535) 8,607 5,034,411 2,167,686 6,309,749 4,142,063 49 11,344,160 6,309,749 112185 100185 105
2008 2007 12 31 12 31 8,331,272 4,640,149 123,644 1,513,358 1,599,250 1 13,186,642 8,945,606 1 1,783,941 278,668 18,546 85,165 23,848 184,589 2 1,442,177 1,489,362 5,211,017 3,506,876 8,038,449 6,153,299 39,549,250 27,006,608 3 243,198 41,464 4 1,214,038 401,715 4 753,568 3,142,709 5 1,747,760 547,970 2,608,957 1,878,330 402,290 817,787 479,947 78,398 137,915 127,624 231,182 284,230 7,818,855 7,320,227 47,368,105 34,326,835 112185 106
2008 2007 12 31 12 31 1,273,828 2,535,673 1 1,783,941 278,668 12,560 6,901,568 3,818,010 12,582,726 8,616,400 2,408,455 472,653 1,640,192 1,502,276 596,515 516,807 (993,777) (1,056,962) 10 500 4,188,152 2,677,845 31,263 21,695 100,724 78,463 673,384 1,509,569 31,199,541 20,971,597 1,005,039 911,322 4 753,568 3,142,709 3,514,652 80,000 80,000 7,242 27,823 39,752 38,097 5,400,253 4,199,951 36,599,794 25,171,548 1,343,330 959,522 6,271,137 5,772,061 769,603 769,603 1,992,735 1,417,872 402,999 239,880 (11,493) (3,651) 10,768,311 9,155,287 47,368,105 34,326,835 112185 100185 107
2008 2007 6 40,745,196 32,799,255 6 33,455,197 27,598,911 89,472 41,396 4,076,649 3,678,450 1,131,736 1,165,704 885,718 1,066,595 1,013,256 683,100 164,869 669,501 (136,203 ) 123,644 7 1,268,859 2,050,189 7 1,867 5,268 1,060,955 69,431 127,061 127,117 46,571 64,481 17,879 11,508 1,141,445 132,067 163,583 106,732 977,862 25,335 112185 100185 108
2008 959,522 5,772,061 769,603 1,417,872 239,880 (3,651) 9,155,287 977,862 977,862 1. 580,210 580,210 2. 3,123 3,123 3. 4. (7,842) (7,842) 583,333 977,862 (7,842) 1,553,353 1. 2. 299,551 299,551 3. 1. 2. (239,880) (239,880) 3. (402,999) 402,999 4. 1. 383,808 (383,808) 2. 3. 4. 1,343,330 6,271,137 769,603 1,992,735 402,999 (11,493) 10,768,311 112185 109
2007 959,522 5,474,393 769,603 1,632,417 143,928 (1,493) 8,978,370 25,335 25,335 1. 2. 3. 4. (2,158) (2,158) 25,335 (2,158) 23,177 1. 2. 297,668 297,668 3. 1. 2. (143,928) (143,928) 3. (239,880) 239,880 4. 1. 2. 3. 4. 959,522 5,772,061 769,603 1,417,872 239,880 (3,651) 9,155,287 112185 100185 110
2008 2007 39,233,345 29,194,282 3,088,258 1,986,659 213,248 158,803 42,534,851 31,339,744 31,511,180 26,772,364 1,523,431 1,884,394 149,482 132,293 4,734,886 2,538,701 37,918,979 31,327,752 4,615,872 11,992 10,146 97,900 29,534 97,900 39,680 1,302,964 1,276,510 805,114 65,151 2,108,078 1,341,661 (2,010,178) (1,301,981) 43,342 485,932 3,961,444 6,372,399 5,853,557 10,377,185 6,339,489 8,376,712 2,968,298 668,330 390,798 9,045,042 3,359,096 1,332,143 2,980,393 (218,452) (8,758) 3,719,385 1,681,646 4,604,365 2,922,719 8,323,750 4,604,365 112185 100185 111
112 (1997)452453 1997 10 6 1997 11 18 2003 2003 12 2005 11 2006 12 29 1997 11 114403011015176 N35868 2004 12 92004 [2004]865 [2004]38 (H )160,151,040158,766,450 1,384,590 2005 12 28 2008 12 31 2007 2007 12 31959,521,65010 4383,808,66020082008 12 31 1,343,330,31033 2006 238 2008 12 31 2008
2008 1. 1 112 31 2. 3. 4. ( ) 113
4. 5. 2008 12 31 6. 7. 114
115 7. 8.
9. 10. 116
10. 11. 30 5% 3.17% 5 10 5% 9.5% 19% 5 10 5% 9.5% 19% 5 10 5% 9.5% 19% 5 5% 19% 117
12. 13. 5 10 50 20 14. 118
15. (1) (2) (3) (a) (b) 119
15. 120
15. 14 121
15. 2 122
16. 3 17. 123
17. 18. 19. 124
20. 21. 1 2002 1 1 125
22. 1) 2) 1) 2) 126
23. 24. 1) 2) 3) 127
24. 15 14 19 128
24. 129
17% 3% 5% 2008 1 1 15% 10% 10% 20050098 15%200718%9% 50%2003 1 12007 12 31 15% (2005)004 1235 15% 18%9% 15% 130
[2008]29 2008 2010 2008 2010 15% 2008 201015% [2007] 4 25%2008 2010 2007301 2008 2010 2008 201015% 15% 131
5,000 4,900 73% 25% 98% 75250847-2 ZTE Telecom India Private Limited 50,000 50,000 100% 100% 5,000 5,000 90% 10% 100% 76199710-8 5,000 4,500 90% 90% 279285671 12.5 2,880 100% 100% 20,000 4,504 76% 76% 74537900-0 3,000 1,530 51% 51% 75860475-6 3,958.3 3,167 80% 80% 73205874-2 1,000 650 65% 65% 71869554-2 3,110 1,570 51% 51% 14897470-9 5,500 4,400 75% 5% 80% 74886449-0 1,000 510 51% 51% 76223980-0 60,000 60,000 100% 100% 68385252-7 20089 132
1. 2008 2007 656 1.0000 656 956 1.0000 956 1,343 6.8346 9,179 790 7.3046 5,771 1,250 1.8193 2,274 369 1.9428 717 210 9.6590 2,028 56 10.6669 597 12,735 0.0268 341 9,156 0.0286 262 1,875 0.0963 181 1,750 0.1020 179 1,262 0.1402 177 1,332 0.1852 247 454 0.1958 89 305 0.2431 74 37 0.8819 33 97 0.9364 91 341 666 15,299 9,560 2008 2007 6,334,308 1.0000 6,334,308 3,323,708 1.0000 3,323,708 495,904 6.8346 3,389,305 187,924 7.3046 1,372,710 27,651 0.8819 24,385 38,325 0.9364 35,888 21,340 2.8944 61,767 7,374 4.1337 30,482 2,166,164 0.0864 187,157 496,485 0.1191 59,131 28,296 1.2382 35,036 14,791 1.3257 19,608 225,974,462 0.0006 135,585 8,138,452 0.0008 6,511 88,884 9.6590 858,531 123,835 10.6669 1,320,936 1,030,179 0.0963 99,206 238,239 0.1020 24,300 5,962 1.9730 11,763 9,371 2.1870 20,494 191,818 75,556 11,328,861 6,289,324 2008 2007 132,184 1.0000 132,184 172,328 1.0000 172,328 4,062 11,958 136,246 184,286 11,480,406 6,483,170 133
1. 2008 12 31136,246 18 2008 12 311,535,102 73 2. 2008 2007 123,644 12,560 7,876 3. 2008 2007 370,751 745,257 1,207,722 911,001 1,578,473 1,656,258 2008 12 31468,8242007 12 31 465,159 2008 12 315%2007 12 31 2008 12 31 134
4. 0-901 2008 2007 3,492,649 1.0000 3,492,649 2,728,635 1.0000 2,728,635 599,951 6.8346 4,100,425 419,704 7.3046 3,065,770 119,375 9.6590 1,153,043 38,699 10.6669 412,798 3,572,039 0.0864 308,624 2,638,900 0.1191 314,293 3,360,114 0.1402 471,088 1,271,706 0.1852 235,520 446,666 341,933 9,972,495 7,098,949 2008 2007 1 9,915,769 7,220,290 12 1,016,036 570,858 23 265,763 276,581 301,657 86,685 11,499,225 8,154,414 (1,526,730) (1,055,465) 9,972,495 7,098,949 2008 2007 5,792,559 50% 915,130 16% 3,296,926 40% 670,836 20% 5,706,666 50% 611,600 11% 4,857,488 60% 384,629 8% 11,499,225 100% 1,526,730 8,154,414 100% 1,055,465 17 2008 2007 3,454,485 2,077,764 30.04% 25.48% 2008 12 31 5% 9432007 12 31 943 135
4. 1,658,9412007 12 31 153,668 2008 12 31868,7942007 12 31 18 2008 2007 2,625,931 1,940,356 1 5,866,359 4,313,249 8,492,290 6,253,605 5. 2008 2007 1 355,887 100% 311,362 100% 2008 12 315% 2007 12 31 6. 2008 2007 1 662,704 655,230 12 66,421 21,067 23 19,852 13,592 3 8,870 757,847 689,889 757,847 689,889 2008 2007 192,827 137,856 25.44% 19.98% 136
6. 2008 12 315%2007 12 31 7. 2008 2007 2,166,948 2,546,562 89,550 50,962 745,131 735,703 2,337,993 2,553,963 4,108,578 2,066,073 9,448,200 7,953,263 (470,164) (523,760) 8,978,036 7,429,503 17 8. 2008 2007 7,894,010 6,540,218 (2,965,582) (1,597,314) 4,928,428 4,942,904 32,018,956 20,711,738 (27,090,528) (15,768,834) 4,928,428 4,942,904 137
9. 2008 2007 251,148 43,464 2008 5,000 5,000 3,240 3,240 32,000 32,000 1,024 1,024 2,000 2,000 200 200 201,734 201,734 3,430 3,430 VENEZOLANA DE TELECOMUNICAIONES E.S.C.A. 2,520 2,520 43,464 207,684 251,148 2007 5,000 5,000 3,240 3,240 32,000 32,000 1,024 1,024 SunTop Technologies Ltd. 24 (24) 2,000 2,000 200 200 43,488 (24) 43,464 10. 2008 2007 787,532 762,395 (175,524) (181,388) 612,008 581,007 17 138
10. 753,5682007 12 31 3,142,709 10 3 13 6 LIBOR+1.5% 20% 2008 12 313,542,011 2,833,60923 708,402 11. 2008 2007 (1) 2,255 2,255 (2) 166,178 134,764 168,433 137,019 2008 (1) 1 2 3 4 5=1+2+3+4 Bestel Communications Ltd. 50% 2,050 205 2,255 2,050 205 2,255 139
11. (2) 1 2 3 4 5=1+2+3+4 30% 1,800 1,096 2,024 3,824 29.4% 30,000 (1,844) 9,658 (699) 27,457 KAZNURTEL Limited Liability Company 49% 1,012 1,465 2,477 30.88% 3,500 1,459 5,615 9,115 22.73% 2,500 782 (909) 3,574 6,074 40% 4,000 (625) (2,051) 1,949 30% 1,000 2,209 14,428 15,428 22.5% 4,500 7,844 (1,125) 10,813 15,313 30% 4,500 (10) (1,102) 3,398 30% 3,335 2,006 5,513 9,332 14,673 35% 3,500 96 (543) 2,957 WANAAG Communications Limited 45% 351 46 (212) 139 23.26% 60,000 (4,497) (4,497) 55,503 49% 3,380 (88) (88) 3,292 49% 490 (411) (411) 79 30% 4,500 4,500 128,368 162 23,072 (2,034) 37,648 166,178 140
11. (2) Bestel Communications Ltd KAZNURTEL Limited Liability Company 600,000 6,000,000 74,000,000 3,000,000 11,332,729 WANAAG Communications Limited 11,000,000 10,000,000 2,500,000 20,000,000 15,000,000 30,000,000 10,000,000 100,000 1,290,000,000 1,000,000 1,000,000 15,000,000 50% 50% 30% 30% 29.4% 29.4% 49% 49% 30.88% 30.88% 22.73% 22.73% 40% 40% 30% 30% 22.5% 22.5% 30% 30% 30% 30% 35% 35% 45% 45% 23.26% 23.26% 49% 49% 49% 49% 30% 30% 141
11. (2) 2008 Bestel Communications Ltd 4,606 96 45,016 32,269 57,491 6,746 166,900 81,699 218,737 21,979 KAZNURTEL Limited Liability Company 7,164 2,109 97,603 68,695 239,657 4,724 98,937 72,206 97,777 6,351 16,579 11,706 62,227 (1,562) 100,426 48,989 186,970 6,441 108,632 40,122 117,728 34,864 68,467 78,782 37,118 (32) 59,865 10,839 220,871 18,267 8,765 318 4,224 274 WANAAG Communications Limited 1,475 2,308 890 103 242,246 3,587 (19,331) 311 151 (839) 4,500 6,921 270 (180) 2007 (1) 1 2 3 4 5=1+2+3+4 50% 2,500 (4,465) 649 1,965 Bestel Communications Ltd. 50% 2,050 135 205 2,255 4,550 (4,465) 784 2,170 2,255 142
11. (2) 1 2 3 4 5=1+2+3+4 30% 1,800 1,203 928 2,728 40% 30,000 (1,844) 4,505 (10,357) 17,799 30% 3,000 (3,000) (4,076) KAZNURTEL Limited Liability Company 49% 1,012 1,465 2,477 30.88% 3,500 2,794 4,156 7,656 22.73% 2,500 3,548 (1,177) 3,701 6,201 40% 4,000 (142) (1,426) 2,574 30% 1,000 9,608 12,219 13,219 30% 4,500 4,415 4,094 8,594 30% 4,500 114 (1,092) 3,408 30% 3,335 3,017 3,819 7,154 35% 3,500 (326) (639) 2,861 WANAAG Communications Limited 45% 351 (258) 93 23.26% 60,000 60,000 122,998 (4,844) 24,660 (1,177) 16,610 134,764 143
12. 2008 1,291,681 1,945,474 1,512,304 262,115 37,745 5,049,319 35,153 60,063 619,826 52,957 11,916 779,915 746,020 283,576 1,029,596 (2,841) (86,119) (149,153) (26,719) (6,049) (270,881) (3,424) (60,650) (19,191) (6,623) (9,272) (99,160) 2,066,589 2,142,344 1,963,786 281,730 34,340 6,488,789 250,459 922,884 642,335 93,171 15,405 1,924,254 63,491 205,868 282,619 23,762 8,949 584,689 (1,017) (74,347) (96,277) (12,443) (2,046) (186,130) (427) (11,286) (7,959) (1,539) (2,891) (24,102) 312,506 1,043,119 820,718 102,951 19,417 2,298,711 7,708 77,819 1,475 87,002 1,746,375 1,021,406 1,141,593 178,779 14,923 4,103,076 1,033,514 944,771 868,494 168,944 22,340 3,038,063 2007 1,007,029 1,774,751 1,195,875 238,044 18,875 4,234,574 58,629 357,289 274,757 45,090 21,418 757,183 228,136 75,164 303,300 (1,699) (137,141) (32,007) (20,163) (2,666) (193,676) (414) (49,425) (1,485) (856) 118 (52,062) 1,291,681 1,945,474 1,512,304 262,115 37,745 5,049,319 191,732 820,411 453,671 80,211 9,689 1,555,714 58,841 208,575 206,926 25,802 6,726 506,870 (45) (97,441) (16,975) (12,560) (947) (127,968) (69) (8,661) (1,287) (282) (63) (10,362) 250,459 922,884 642,335 93,171 15,405 1,924,254 7,708 77,819 1,475 87,002 1,033,514 944,771 868,494 168,944 22,340 3,038,063 807,589 876,521 740,729 157,833 9,186 2,591,858 144
12. 2008 12 3192,7662007 96,478 127,7432007 12 31 133,940 18 2008 12 31 247,7492007 12 31 173,634235,3622007 12 31 8,682 2007 12 31 2008 12 31 1,121,6072007 12 31 422,462 13. 2008 1,000,000 471,817 161,909 482,000 151,726 73.07% 316,286 73,688 250,000 139,974 22,450 22,450 108,130 621,588 283,576 446,142 34,857 35,957 14,020 56,794 931,090 915,592 1,029,596 817,086 2007 650,000 191,818 376,999 97,000 471,817 87.51% 110,757 205,529 316,286 60,747 122,546 75,163 108,130 106,314 59,680 131,137 34,857 469,636 764,754 303,300 931,090 145
14. 2008 363,946 1,354 47,809 98,619 511,728 27,761 3,678 437,213 468,652 (54,075) (4,749) (4,089) (62,913) 337,632 5,032 480,273 94,530 917,467 211,720 624 1,426 46,154 259,924 49,294 830 395 3,460 53,979 (11,260) (1,216) (12,476) 249,754 1,454 1,821 48,398 301,427 12,884 6,322 7,750 26,956 74,994 3,578 472,130 38,382 589,084 139,342 730 40,061 44,715 224,848 2007 272,443 1,354 14,866 103,006 391,669 96,698 32,943 129,641 (5,195) (4,387) (9,582) 363,946 1,354 47,809 98,619 511,728 166,916 316 840 43,782 211,854 46,477 308 586 3,439 50,810 (1,673) (1,067) (2,740) 211,720 624 1,426 46,154 259,924 12,884 6,322 7,750 26,956 139,342 730 40,061 44,715 224,848 92,643 1,038 7,704 51,474 152,859 2008 12 3184,1742007 12 31 98,837 18 146
15. 2008 2007 379,774 209,475 96,246 49,516 476,020 258,991 2008 2007 3,994,145 3,210,433 278,430 181,481 16. 2008 62,083 10,632 71,155 136,695 65,450 6,195 352,210 (19,735) 14,925 13,803 32,711 7,385 (1,034) 48,055 42,348 25,557 84,958 169,406 72,835 5,161 400,265 2007 7,298 34,562 51,141 87,516 53,166 5,208 238,891 54,785 (23,930) 20,014 49,179 12,284 987 113,319 62,083 10,632 71,155 136,695 65,450 6,195 352,210 2008 2007 (56,460) (27,968) 51,441 (28,492) (5,019) (56,460) 2008 12 31 362,606 147
17. 2008 1,236,853 478,818 (5,864) (7,553) 1,702,254 523,760 37,027 (90,623) 470,164 87,002 87,002 26,956 26,956 1,874,571 515,845 (96,487) (7,553) 2,286,376 2007 522,811 714,042 1,236,853 448,662 91,765 (16,667) 523,760 87,002 87,002 26,956 26,956 1,085,431 805,807 (16,667) 1,874,571 18. 2008 96,478 (3,712) 92,766 1 406,198 868,794 (58,035) 1,216,957 173,421 (37,175) 136,246 2 133,940 (6,197) 127,743 3 98,837 (14,663) 84,174 4 868,794 868,794 5 2007 100,190 (3,712) 96,478 1 168,997 237,201 406,198 168,997 4,424 173,421 2 133,940 133,940 3 98,837 98,837 4 148
18. 1 2008 12 3192,7662007 96,478 2 2008 12 31136,246131,520 2007 12 31 137,158 4,7262007 12 31 3 2008 12 31Closed Joint Stock Company TK Mobile 10,2692007 12 31 8,906117,4742007 12 31121,044 4 2008 12 31Closed Joint Stock Company TK Mobile45,7992007 12 31 54,183Congo-Chine Telecom S.A.R.L 38,3752007 12 31 44,654 5 2008 12 31868,7942007 12 31 19. 2008 2007 343,000 1.0000 343,000 808,990 1.0000 808,990 384,546 6.8346 2,628,218 276,992 7.3046 2,023,316 127,117 6.8346 868,794 7.3046 42,467 61,549 3,882,479 2,893,855 1.68% 6.56% 20. 2008 2007 3,704,089 3,946,429 2,613,970 6,318,059 3,946,429 2008 12 31 5% 2007 12 31 21. 6 2008 12 31 5% 129,6152007 12 31 88,023 149
22. 2008 12 315% 2007 12 31 23. 2008 896,972 5,449,940 (5,255,578) 1,091,334 9,555 353,632 (350,504) 12,683 9,045 383,264 (380,136) 12,173 449 83,713 (82,946) 1,216 8,411 272,775 (270,679) 10,507 112 12,885 (12,743) 254 28 9,002 (8,930) 100 45 4,889 (4,838) 96 1,790 81,768 (82,198) 1,360 290,069 160,543 (125,145) 325,467 1,207,431 6,429,147 (6,193,561) 1,443,017 2007 668,307 4,360,358 (4,131,693) 896,972 101,809 263,295 (355,549) 9,555 3,578 217,942 (212,475) 9,045 369 51,190 (51,110) 449 3,057 147,596 (142,242) 8,411 92 8,246 (8,226) 112 23 7,615 (7,610) 28 37 3,295 (3,287) 45 1,397 2,303 (1,910) 1,790 251,655 117,704 (79,290) 290,069 1,026,746 4,961,602 (4,780,917) 1,207,431 150
24. 2008 2007 (1,362,909) (1,804,841) 12,063 6,504 2,809 2,328 559,953 399,502 148,843 43,971 411,110 355,531 7,154 6,584 27,311 19,580 (11,421) 28,013 (765,040) (1,342,330) 25. 2008 2007 10 22,740 41,180 22,750 41,180 26. 2008 36,603 5,171 (8,250) 33,524 30,371 27,531 (13,110) 44,792 59,068 135,045 (102,047) 92,066 126,042 167,747 (123,407) 170,382 2007 4,035 36,603 (4,035) 36,603 31,645 10,414 (11,688) 30,371 256,152 61,793 (258,877) 59,068 291,832 108,810 (274,600) 126,042 151
27. 2008 2007 529,273 485,931 347,558 298,823 409,935 338,384 67,965 51,372 198,280 173,955 1,553,011 1,348,465 2008 12 315% 3082007 12 31 313 28. 2008 2007 29 1,782,006 1,509,569 29. 2008 2007 RMB 800,000 800,000 1,400,000 1,400,000 2010 USD 50,000 341,730 50,000 365,230 2009 2010 USD 20,000 136,692 20,000 146,092 2010 6,418 111,929 2008 2010 USD 105,000 717,633 63,000 460,190 2009 1 USD 55,200 377,270 55,200 403,214 2012 2 RMB 694,810 694,810 708,143 708,143 2009 3 2012 (1,782,006) (1,509,569) 1,292,547 2,085,229 152
29. 2.00-11.50% 1 Congo-Chine Telecom S.A.R.L.51% 25% 2 Closed Joint Stock Company TK Mobile 3 4 30. 2008 2008 2007 3,381,234 133,418 3,514,652 2008 1 304,000100 40 5 1.636,520 242A78.132008 7 10 55.58 0.8% 1 30 4,000,000 (580,210) (38,556) 3,381,234 153
31. 80,000 20018,000 2002 32. 2008 2007 3,689 3,689 36,063 34,408 39,752 38,097 33. 1,343,330,310 1 2008 1. 310,983 32.41% 105,202 (416,185) 2. 971 0.10% 394 328 1,693 0.13% 3. 311,954 32.51% 105,596 (415,857) 1,693 0.13% 1. 487,417 50.80% 214,152 415,857 1,117,426 83.18% 2. 160,151 16.69% 64,060 224,211 16.69% 647,568 67.49% 278,212 415,857 1,341,637 99.87% 959,522 100.00% 383,808 1,343,330 100.00% 154
33. (2008) 60438556_H01 2007 1. 310,983 32.41% 310,983 32.41% 2. 1,281 0.13% (310) 971 0.10% 3. 312,264 32.54% (310) 311,954 32.51% 1. 487,107 50.77% 310 487,417 50.80% 2. 160,151 16.69% 160,151 16.69% 647,258 67.46% 310 647,568 67.49% 959,522 100.00% 959,522 100.00% 34. 2008 5,462,657 (383,808) 5,078,849 580,210 580,210 44,527 4,763 (9,876) 39,414 300,148 299,551 599,699 5,807,332 884,524 (393,684) 6,298,172 2007 5,462,657 5,462,657 44,527 44,527 2,480 297,668 300,148 5,509,664 297,668 5,807,332 155
35. 2008 1,364,758 67,062 1,431,820 2007 1,331,059 33,699 1,364,758 10% 50% 36. 2008 2007 4,071,111 2,996,580 1,660,199 1,252,158 (67,062) (33,699) (239,880) (143,928) (402,999) (239,880) 5,021,369 3,831,231 37. 2008 2007 34,207 29,344 262,857 217,905 235,971 194,184 106,911 76,883 Congo-Chine Telecom S.A.R.L 74,089 45,609 39,080 32,211 753,115 596,136 156
38. 2008 2007 44,048,684 34,766,214 244,743 10,967 44,293,427 34,777,181 2008 2007 29,450,787 22,998,782 41,743 5,759 29,492,530 23,004,541 2008 16,926,252 2007 14,108,82938,21% 200740.57% 200740.57% 39. 2008 2007 277,835 168,775 29,093 12,652 48,655 19,739 60,271 79,100 415,854 280,266 40. 2008 2007 690,174 328,301 (112,786) (47,536) 487,248 45,796 56,683 71,912 186,935 95,898 1,308,254 494,371 41. 2008 2007 472,954 714,042 (53,596) 75,098 419,358 789,140 157
42. 2008 2007 (128,328) 115,566 43. 2008 2007 19,877 25,444 3,257 4,944 73,232 23,529 26,300 5,520 122,666 59,437 44. 2008 2007 * 841,632 714,796 131,037 70,963 107,471 55,611 18,156 64,763 1,098,296 906,133 * 3% 2008 2007 47,149 103,440 33,997 75,713 81,146 179,153 45. 2008 2007 450,104 361,110 (99,496) (84,827) 350,608 276,283 158
45. 2008 2007 2,262,543 1,727,734 1 565,636 570,152 (226,254) (310,992) 201 (1,869) (105,676) (277,864) 195,330 229,342 (135,957) (1,680) 57,328 69,194 350,608 276,283 1 46. 1 2 3 1 2 159
46. 2008 2007 1,660,199 1,252,158 1 1,343,330 1,343,330 36,945 13,434 2 1,380,275 1,356,764 1 2008 7383,808,6601,343,330,310 2 2008 47. 2008 2007 93,623 127,117 112,786 47,536 2008 2007 3,082,261 2,314,410 2,414,955 2,232,298 160
48. 2008 2007 1,911,935 1,451,451 419,358 789,140 584,689 506,870 115,380 103,051 14,356 6,921 37,154 23,927 128,328 (115,566) 896,990 382,704 (122,666) (59,437) (48,055) (84,827) (51,441) (1,494,937) (3,280,829) (3,193,018) (5,911,494) 4,113,114 5,983,235 299,551 297,668 37,175 (4,424) 3,647,913 88,390 49. 2008 2007 15,299 9,560 11,328,861 6,289,324 10,865 11,344,160 6,309,749 136,246 173,421 161
(i) (ii) (a) (b) (c) CDMA WCDMA TD-SCDMA GSMPHS 162
1. 2008 28,963,799 9,692,563 5,637,065 44,293,427 6,947,712 1,017,539 1,107,276 9,072,527 1,098,296 (6,491,575) (1,308,254) (128,328) 19,877 2,262,543 (350,608) 1,911,935 22,468,395 4,931,776 4,364,533 31,764,704 19,101,217 50,865,921 3,399,777 149,854 808,813 4,358,444 31,323,930 35,682,374 1,353,308 314,210 267,601 1,935,119 499,501 116,044 98,880 714,425 163
1. 2007 22,567,491 7,645,126 4,564,564 34,777,181 6,136,312 677,571 283,366 7,097,249 906,133 (5,921,110) (494,371) 115,566 784 23,483 1,727,734 (276,283) 1,451,451 16,994,523 3,965,018 4,078,282 25,037,823 14,191,733 39,229,556 2,319,950 183,649 584,934 3,088,533 23,252,615 26,341,148 1,184,153 263,014 358,056 1,805,223 403,983 89,729 123,130 616,842 164
2. 2008 17,466,429 10,432,933 9,311,123 7,082,942 44,293,427 29,947,902 9,779,680 7,558,069 3,580,270 50,865,921 2007 14,686,596 9,679,371 5,484,831 4,926,383 34,777,181 27,077,530 9,653,953 1,197,665 1,300,408 39,229,556 1. 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 165
2. 35.52% 35.52% 19222451-8 10,000 3. 27941498X H0420141-X 715233457 74323392-1 72619249-4 76678817-X 43523013-9 12391552-6 18380498-2 75049913-8 78390928-7 77987106-0 76828981-7 76346680-2 71528448-1 77162861-3 77412852-6 67499255-2 76496951-6 78924272-7 77585307-6 75252829-7 76195854-3 72260457-8 71522427-8 75048467-3 76591251-1 77878419-2 166
4. (1) 2008 2007 8,196 7,360 132 46 3,145 845 77 93 20,237 7,039 39 245 1,054 1,024 23,377 30,169 1,429 9,629 51,987 115,149 50,974 20080.26% 20070.13% (2) 2008 2007 522,828 492,233 59,973 124,359 186,191 162,816 1,655 25,093 6,699 5,705 29,182 14,952 45,211 71,695 28,052 36,870 35,962 20,924 39,051 361 1,503 10,894 13,698 221,104 240,901 186 924 45,132 36,114 11,303 3,137 19,597 15,093 1,263,381 1,266,017 20084.28% 20075.88% 167
4. (3) 2008 2007 28,535 19,018 33,143 21,418 858 62,536 40,436 (4) 2008 2007 10,021 0.18% 10,181 0.21% (i) (ii) (iii) 30 115 5. 2008 2007 3,800 4,965 8,765 943 943 6,102 194 9 19 3,924 200 54 54 129 6,706 78 23 1,672 47 19,467 1,630 168
5. 2008 2007 182 182 3,608 1,106 1,288 3,790 909 2,271 1,125 2,034 2,271 7 6 13 641 12,481 1,184 234 74 8,577 8,623 4,180 784 2,953 12 9 1,026 59 17,519 23,318 169
5. 2008 2007 13 191 3,235 4,118 129,468 88,023 597 14,918 7,482 12,612 1,296 3,642 13,500 1,734 176 176 7,122 5,254 12,216 7,055 2,723 6,342 59,006 41,367 3,012 7,530 215 1,686 2,331 1,014 249 345 422 319 242,960 196,429 4,644 4,644 577 12 10 1,644 59 2 6,865 13,730 4,727 12,087 12,087 12,087 12,087 65 65 12 12 65 65 48 48 2,015 300 130 130 4 30 215 308 313 2,892 933 170
1. 2005 1135,000,000 36,000,00071,000,0002008 12 35,000,000 11,666,000 117,200 31,000 2. 2005 12 16 36,450,000249,121,000 3. 2006 8762,982,000 65,944,000 2008 2 328,040,00028,352,000 4. 2008 735,819,000 244,808,0002009 1 172009 1 19 5. 2008 12 318,245,934 2008 2007 1 1 264,396 183,471 12 2 97,093 122,686 23 3 40,807 42,266 3 45,487 44,641 447,783 393,064 171
2008 2007 301,419 582,263 5,875,869 265,702 255,234 1 2008 11,480,406 11,480,406 251,148 251,148 1,578,473 1,578,473 10,584,503 10,584,503 2,412,509 2,412,509 757,847 757,847 26,813,738 251,148 27,064,886 172
1 2008 6,957,032 6,957,032 6,318,059 6,318,059 9,495,946 9,495,946 2,412,509 2,412,509 1,205,453 1,205,453 12,560 12,560 3,514,652 3,514,652 39,752 39,752 52,312 29,903,651 29,955,963 2007 6,483,170 6,483,170 123,644 123,644 43,464 43,464 1,656,258 1,656,258 7,679,956 7,679,956 3,296,377 3,296,377 689,889 689,889 123,644 19,805,650 43,464 19,972,758 173
1 2007 6,488,653 6,488,653 3,946,429 3,946,429 7,856,240 7,856,240 3,296,377 3,296,377 1,049,642 1,049,642 7,876 7,876 38,097 38,097 45,973 22,637,341 22,683,314 2 30.04% 4 6 10 3 174
3 2008 1 1 2 2 3 3 11,344,160 136,246 11,480,406 1,578,473 1,578,473 7,346,564 2,625,931 278,128 148,467 185,413 10,584,503 2,412,509 2,412,509 757,847 757,847 251,148 251,148 23,690,701 2,762,177 278,128 148,467 185,413 27,064,886 2008 1 1 2 2 3 3 5,664,485 1,006,024 5,000 281,523 6,957,032 2,412,509 2,412,509 12,560 12,560 6,318,059 6,318,059 9,495,946 9,495,946 1,443,017 1,443,017 (1,324,993) (1,324,993) 22,750 22,750 1,205,453 1,205,453 39,752 39,752 19,585,301 5,664,485 1,006,024 5,000 321,275 26,582,085 175
3 2007 1 1 2 2 3 3 6,309,749 173,421 6,483,170 123,644 123,644 1,656,258 1,656,258 5,158,593 1,940,356 437,777 48,160 95,070 7,679,956 3,296,377 3,296,377 689,889 689,889 43,464 43,464 17,154,330 2,237,421 437,777 48,160 95,070 19,972,758 2007 1 1 2 2 3 3 4,403,424 1,095,398 221,498 768,333 6,488,653 3,296,377 3,296,377 7,876 7,876 3,946,429 3,946,429 7,856,240 7,856,240 1,027,431 1,027,431 (1,741,832) (1,741,832) 41,180 41,180 1,049,642 1,049,642 38,097 38,097 15,483,343 4,403,424 1,095,398 221,498 806,430 22,010,093 4 2008 12 31LIBOR 176
4 2% 11.5%2008 12 3146% 200761% 0.2520082007 3,7002,900 5 2008 +3% 26,855-3% (26,855) 2007 +5% 40,344-5% (40,344) 2008 +5% 61,722-5% (61,722) 2007 +5% 52,502-5% (52,502) 177
103 1,343,330,3101,746,329,403 1,343,330,310402,999,09367,263,437H 335,735,656A 2009 3 19 1. 2008 2007 3,380,510 1.0000 3,380,510 2,533,099 1.0000 2,533,099 1,173,369 6.8346 8,019,507 717,414 7.3046 5,240,422 164,686 9.6590 1,590,702 93,039 10.6669 992,437 195,923 179,648 13,186,642 8,945,606 2008 2007 1 11,239,738 8,327,908 12 1,939,666 928,442 23 765,127 359,657 3 475,326 217,447 14,419,857 9,833,454 (1,233,215) (887,848) 13,186,642 8,945,606 178
1. 2008 2007 7,993,118 55% 780,827 10% 2,650,376 27% 610,258 23% 6,426,739 45% 452,388 7% 7,183,078 73% 277,590 4% 14,419,857 100% 1,233,215 9% 9,833,454 100% 887,848 9% 2008 2007 3,765,089 4,013,185 26.11% 40.81% 2008 12 315% 2007 12 31 1,783,9412007 12 31278,668 2. 2008 2007 1 1,082,947 679,584 12 228,207 64,419 23 28,393 487,966 3 102,630 257,393 1,442,177 1,489,362 1,442,177 1,489,362 2008 2007 1,176,885 521,020 81.60% 34.98% 2008 12 315%2007 12 31 179
3. 2008 2007 243,198 41,464 2008 5,000 5,000 3,240 3,240 1,024 1,024 32,000 32,000 200 200 201,734 201,734 41,464 201,734 243,198 2007 5,000 5,000 3,240 3,240 SunTop Technologies Ltd. 24 (24) 1,024 1,024 32,000 32,000 200 200 41,488 (24) 41,464 4. 2008 2007 1,350,926 583,103 (136,888) (181,388) 1,214,038 401,715 753,5682007 12 31 3,142,709 180
5. 2008 2007 (1) 1,768,698 577,351 (2) 92,127 83,684 (3) (113,065) (113,065) 1,747,760 547,970 2008 (1) 45,000 45,000 45,000 ZTE (USA) Inc. 5,381 5,381 5,381 3,920 3,920 3,920 53,200 53,200 396,164 449,364 15,698 15,698 15,698 Telrise (Cayman) Telecom Ltd. 15,770 21,165 21,165 29,700 29,700 29,700 Congo-Chine Telecom S.A.R.L 55,800 55,800 55,800 3,900 3,900 3,900 45,799 45,799 45,799 24,282 23,982 23,982 ZTE (UK) Ltd. 4,533 5,286 5,286 ZTE Do Brasil LTDA 10,058 18,573 18,573 38,609 36,500 36,500 41,250 41,250 11 41,261 ZTE Wistron Telecom AB 2,445 3,137 3,137 ZTE-Communication Technologies, Ltd. 4,188 4,188 4,188 ZTE Corporation Mexico S. DE R. L DE C.V. 41 41 41 15,300 15,300 15,300 Zhongxing Telecom Pakistan (Private) Ltd. 2,971 2,971 2,971 13,500 13,500 13,500 45,000 45,000 45,000 5,100 5,100 5,100 ZTE Holdings (Thailand) Co., Ltd. 10 10 10 ZTE (Thailand) Co., Ltd. 2,044 5,040 5,040 540 540 540 ZTE Telecom India Private Ltd. 1,654 1,654 195,172 196,826 ZTE Romania S.R.L. 827 827 827 ZTE (Malaysia) Corporation SDN.BHD. 496 496 496 ZiMax (Cayman) Holding Ltd. 45,485 45,485 45,485 11,396 11,396 11,396 Closed Joint Stock Company TK Mobile 4,258 4,258 4,258 PT. ZTE Indonesia 1,654 1,654 1,654 6,000 6,000 6,000 600 600 5,000 5,000 5,000 600,000 600,000 600,000 577,351 1,191,347 1,768,698 181