21 March 2007
AIM placement for ZTC Telecommunications
ZTC Telecommunications designs, assembles and markets mobile telephone handsets under the “ZTC” brand. The Company was founded in June 2003 by its major shareholder, Charles Huang, and commenced business under the name of Shenzhen Zhong Tian Communication Equipments Co.
In 2005, ZTC was awarded a GSM handset manufacturing license, enabling the company to design, assemble and market its own handsets under the ZTC brand. These events, in combination with the concurrent development of an extensive distribution network, allowed the company to considerably increase revenues to RMB195 million and net profits to RMB26 million in the year ended June 2006.
Commenting on the admission to AIM, ZTC Telecommunications CEO, Charles Huang says:
“We have been pleased with the company’s successful placement on the AIM Market. Our directors believe the profile created by joining the market, combined with our focused product strategy will have the potential to considerably increase mobile phone penetration in key targeted areas.”
London Stock Exchange’s Head of Asia-Pacific, Jane Zhu
adds:
"We are delighted to welcome ZTC Telecommunication to AIM, where it joins an increasing number of ambitious companies trading on what is the world’s largest and most success growth market.”
ZTC buys mobile phone components from suppliers and assembles new generation ‘ultra-slim’ handsets using its own and contracted outer-casing designs. The Company, which also assembles for OEMs, produced 748,930 handsets in the twelve months to 30 June 2006. ZTC was credited with ISO9001 (2000 edition) on 17 January 2006.