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Huawei's profits robust while ZTE flounders

China’s two largest telecommunications equipment producers will report markedly different 2012 financial results, with Huawei Technologies (002502.SH) expecting a significant profit, while ZTE (0763.HKG, 000063.SH) warned of a significant loss, The Wall Street Journal reported. Huawei said on Monday that it is expecting a 33% net profit increase to US$2.48 billion (RMB15.4 billion) and that revenue would rise 8% to US$35.37 billion. The revenue increase, however, would fall short of the 15% to 20% the company had anticipated. ZTE said on Sunday that it is likely to report a net loss of between US$401.53 million and US$465.77 million for 2012, as a result of a fall in handset revenue and delays in network plans, among other things. ZTE’s shares fell 1.4% on the Hong Kong Stock Exchange on Monday. 

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