The bulk of the company’s revenue came from sales of handset components and modules, which made up 3.9 billion RMB ($552 million) in 2007. The company reported EMS sales of $271 million, up from $7.7 million last year.
 
For the year, gross profits were 26%, down five points as the company ramped its lower-margin assembly services. Inventory turnover increased from 54 days in 2006 to 66 days in 2007.
 
About half the company’s sales were in China, with 18% in Europe and 17% in the US.
 
The company is listed on the Hong Kong exchange but manufactures in Chennai, India; Shenzhen and Tianjin, China, under various subsidiaries.

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