IT: More contract sales
(China Daily HK edition)
Updated: 2006-09-08 14:22
Huawei Technologies, the mainland's largest telecom equipment maker, said it
was on track to increase contract sales 30 per cent to US$10.7 billion this
year, but competition was squeezing margins and crimping profit growth.
Contract sales or orders that are booked reached US$5.2 billion in the first
half of 2006, of which 65 per cent came from exports, up from 58 per cent at the
end of last year, Huawei Vice President Hu Yong said yesterday.
Unlisted Huawei aims to grow contract sales by another 30 per cent next year,
of which 70 per cent would come from exports if the Chinese government does not
issue licences for the country's phone companies to build third-generation
cellular networks. Revenue will exceed US$8. billion this year, up from US$5.98
billion last year, he said.
(For more biz stories, please visit Industry Updates)
|
