Investor Relations

News
Strategy
Publications
Vtion Shares
Share buy-back program
Ad hoc-Releases
Company Structure
Financial Key Figures
Financial Calendar
Corporate Governance
Directors Dealings
AGM
Delisting Purchase Offer

Investor Relations News

Vtion Wireless Technology AG: Unit sales up by 17% from December 2009 to January 2010

  • Unit sales January

Frankfurt, 12. February 2010

The Vtion Group, one of the three leading suppliers of wireless data solutions for mobile computer use in China, has seen an increase in monthly sales volume for January 2010; for the month of January 2010 the Vtion Group sold a total of 227,237 data cards. Selling prices were higher than in December 2009, at approximately 377 RMB. Compared to December 2009, sales volume for January shows an increase of 17%, and an increase of 404% compared to January 2009.

"We are happy that in addition to the framework agreement we were able to get in place with China Unicom on Monday, we have seen a strong start to the year for our sales in January," stated Vtion CEO Mr. Chen Guoping. "We expect that the sales volume for February will be lower than that of January, due to a week long holiday for the Spring Festival. However, following the holiday, we should see the telecom operators begin to implement their development strategies for the year more fully, which bodes well for us."

Currently, the telecom operators are continuing to build up their networks with mid-range product offerings. As network and user base development continues on the part of the carriers, Vtion will look to leverage this position to supply more of the top-end products, as well as to take advantage of service and application business opportunities as they emerge following the optimisation and continued maturation of the networks, Vtion continues to be a top hardware supplier in the rapidly expanding market.

The Chinese wireless network industry is currently going through a process of market development from second generation networks to network standards of the third mobile phone generation - known as 3G standards. China is the only country in the world with three different 3G wireless standards, the CDMA 2000 EVDO Network operated by China Telecom, the WCDMA Network operated by China Unicom and the TD-SCDMA Network operated by China Mobile. Network rollouts for the latter two networks are still in progress; the Vtion Group is expecting the completion of the establishment of 3G mobile networks to lead to a further increase in demand for wireless data cards in China.

 

About Vtion

The Vtion Group is one of the three leading suppliers of wireless data cards and associated services for the mobile use of computers via broadband wireless networks in the People's Republic of China. The Vtion Group concentrates mainly on the development and sale of wireless data cards, including provision of appropriate after-sales services. The Vtion Group also supplies Internet-based data service solutions. The company has about 150 employees. The Vtion Group generated sales of EUR 39.2 million and a net profit of EUR 12.4 million in 2008. The Vtion Wireless Technology AG shares are being traded in the Prime Standard on the Frankfurt Stock Exchange with the ISIN DE000CHEN993. The company's ticker symbol is V33.

 

For further information, please contact:

Kirchhoff Consult AG
Dr Kay Baden, tel.: +49 40 60 91 86 0, baden@kirchhoff.de
Janina Wismar, tel.: +49 40 60 91 86 50, janina.wismar@kirchhoff.de

 

Disclaimer concerning forward-looking statements

Certain statements in this communication contain formulations or terms referring to the future or future developments, as well as negations of such formulations or terms, or similar terminology. These are described as forward-looking statements. In addition, all information in this communication regarding planned or future results of business segments, financial classification numbers, developments of the financial situation, or other financial or statistical data contains such forward-looking statements. The company cautions prospective investors not to rely on such forward-looking statements as certain prognoses of actual future events and developments. The company is neither responsible nor liable for these forward-looking statements. It is not responsible for updating such information, which only represents the state of affairs on the day of publication.

<< back