Poor 2012 Prompts Soul-Searching at ZTE

(Beijing) – To say ZTE Corp. had a bad 2012 would be something of an understatement.

China's largest publicly listed telecoms equipment manufacturer released its financial report for last year on March 28 and the news was grim. ZTE posted a net loss of 2.84 billion yuan, making 2012 the first year it did not make a profit since it listed in Shenzhen in 1997.