09:00     ZTE<00763> - Results Announcement (1)                               

    ZTE Corporation announced on 10/04/2005:                                  
    (stock code: 00763 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: RMB                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 21,220,062         17,036,083        
    Profit/(Loss) from Operations      : 1,732,048          1,461,842         
    Finance cost                       : (140,397)          (171,154)         
    Share of Profit/(Loss) of                                                 
      Associates                       : 32                 (1,740)           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 3,410              (1,768)           
    Profit/(Loss) after Tax & MI       : 1,272,489          1,028,306         
    % Change over Last Period          : +23.7     %                          
    EPS/(LPS)-Basic (in dollars)       : 1.57               1.28              
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 1,272,489          1,028,306         
    Final Dividend                     : RMB0.25            N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 30/04/2005         to 30/05/2005 bdi.
    Payable Date                       : To Be Announced                      
    B/C Dates for Annual                                                      
      General Meeting                  : 30/04/2005         to 30/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    (1) Basis of presentation of results for company issuing its first        
    final results after listed on the Exchange.                               
                                                                              
    Listing Date                                                              
    The Company was listed on 9 December 2004.                                
                                                                              
    Basis of preparation                                                      
    These financial statements have been prepared in accordance with Hong Kong
    Financial Reporting Standards (which also include Statements of Standard  
    Accounting Practice and Interpretations) issued by the Hong Kong Institute
    of Certified Public Accountants, accounting principles generally accepted 
    in Hong Kong and the disclosure requirements of the Hong Kong Companies   
    Ordinance.  They have been prepared under the historical cost convention. 
                                                                              
    Basis of consolidation                                                    
    The consolidated financial statements include the financial statements of 
    the Company and its subsidiaries for the year ended 31 December 2004.  The
    results of subsidiaries acquired or disposed of during the year are       
    consolidated from or to their effective dates of acquisition or disposal, 
    respectively.  All significant intercompany transactions and balances     
    within the Group are eliminated on consolidation.                         
                                                                              
    Minority interests represent the interests of outside shareholders in the 
    results and net assets of the Company's subsidiaries.                     
                                                                              
    (2) An analysis of turnover from continuing operations.                   
                                                                              
    Turnover represents the aggregate of an appropriate proportion of contract
    revenue from construction contracts and the invoiced value of goods sold, 
    net of value-added tax ("VAT"), and after allowances for goods returns and
    trade discounts.  All significant intra-group transactions have been      
    eliminated on consolidation.                                              
                                                                              
    An analysis of the Group's turnover is as follows:                        
                                                                              
                                                            2004    2003      
                                                            RMB'000 RMB'000   
                                                                              
    Turnover                                                                  
    Telecommunications systems contracts                 15,205,095 13,409,433
    Sale of goods                                         6,014,967  3,626,650
                                                         __________ __________
                                                                              
                                                         21,220,062 17,036,083
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