ZTE projected to report record-breaking revenue that exceeds RMB 100 billion for the 2015, with higher sales for 4G LTE networks, optical networks, Smart City, Enterprise ICT solutions and routers. The Chinese provider of telecommunications, enterprise and consumer technology solutions, issued guidance for full-year profit to increase 43.5%, with projected record-breaking revenue.

Net profit attributable to shareholders of the listed company will be RMB 3.78 billion (USD 574 million) in 2015, compared with RMB 2.63 billion a year earlier, according to preliminary unaudited results published by ZTE today, based on accounting standards of the People’s Republic of China. Full-year revenue is forecast to be RMB 100.8 billion, 23.8% higher than in 2014.

ZTE recorded higher sales of 4G LTE network solutions internationally, in addition to China. The company also posted increased sales of optical network solutions as demand for broadband networks strengthens.

The growth in annual revenue was also driven by increased sales of high-end routers in overseas markets, while ZTE posted higher revenue from sales of Enterprise ICT solutions including Smart City and Data Center solutions to companies and government departments. In addition, ZTE also boosted sales of 4G smartphones outside China, as well as terminal products for homes.