Nationz H1 2012 Profit Drops 48% YoY
Shenzhen Stock Exchange, 8/08/12
Chinese information security and telecom chip maker Nationz Technologies (300077.SZ) released H1 2012 financials today. The company reported RMB 230.45 mln in operating revenues, a 26.07% YoY decline in operating revenues from H1 2011's RMB 311.71 mln. Net profits attributable to shareholders totaled RMB 30.92 mln, down 47.51% from H1 2011's RMB 58.91 mln.
Operating revenues from sales of telecommunications chip products grew 55.03% YoY to RMB 31.59 mln, while sales of security chip products and collaborative products declined by 30.64% and 49.28%, respectively, to RMB 189.4 mln and RMB 9.22 mln.
Nationz has joined the Ministry of Industry and Information Technology's (MIIT) TD-LTE work group. The company has already begun mass production and small-scale shipments of RF chips supporting multi-mode (TD-LTE/FDD-LTE/TD-SCDMA/HSPA+), multi-band (1.4 G - 2.7 G) connectivity for TD-LTE terminals, and its terminal solutions are being provided on a large scale for China Mobile's (NYSE: CHL; 0941.HK) second round of large-scale network testing and for commercial service trials. Progress continues apace on dual-mode TD-SCDMA/TD-LTE terminal solutions developed in partnership with a number of baseband chip manufacturers, and the company has already released portable LTE routers, CPEs, and USB data cards supporting multi-mode, multi-band connectivity.
Shipments of CMMB chips increased slightly in H1 2012, but have not yet had any great effect on the company's operating profits.
Keywords: information security profit wireless MIIT CMMB TD-LTE Nationz 300077.SZ H1 2012 4G revenue fiscal report chipmaker
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