Datang Telecom Technology

Datang Telecom Technology Co., Ltd. known as Datang Telecom or DTT, is a Chinese listed company based in Beijing, China. It is a subsidiary of state-owned "China Academy of Telecommunications Technology" (CATT), which had a trading name Datang Telecom Group.

For the parent company, see Datang Telecom Group.
Datang Telecom Technology
Datang Telecom
Typepublic limited company
SSE: 600198
IndustryTelecommunications
PredecessorDivisions of Datang Telecom Group
Founded21 September 1998 (1998-09-21) (spin off)
FounderDatang Telecom Group
Headquarters
Beijing
,
China
Revenue CN¥08.603 billion (2015)
(CN¥0211 million) (2015)
CN¥00028 million (2015)
Total assets CN¥13.795 billion (2015)
Total equity CN¥04.071 billion (2015)
Owner
Chinese central government via Datang Telecom Group(33.94%)
other public shareholders(66.06%)
Parent
Datang Telecom Group(direct)
SASAC(intermediate)
State Council(ultimate)
SubsidiariesLeadcore Technology
Websitewww.datang.com
Footnotes / references
in consolidated financial statement[1]
Datang Telecom Technology
Simplified Chinese大唐电信科技
Datang Telecom
Simplified Chinese大唐电信
Traditional Chinese大唐電信

History

In 1998 "China Academy of Telecommunications Technology" had transformed from a research institute to both research institute and holding company, by incorporating a subsidiary Datang Telecom Technology (DTT) on 21 September 1998 under the Companies Law of China. On 21 October 1998 DTT became a public company in the Shanghai Stock Exchange. The research institute also had a new trading name Datang Telecom Group.

In 2012 Datang Telecom Technology acquired 75.88% stake of Leadcore Technology from the parent entity.

In 2017, Leadcore formed a Sino-foreign joint venture with Qualcomm and other investors. It was approved by the Chinese regulator in 2018.[2]

In May 2018, due to heavy net loss in 2017 financial year, the company was marked as *ST (* special treatment) by the Shanghai Stock Exchange. It was reported that the company facing delist from the exchange.[3]

References
  1. "2015 Annual Report" (PDF). Datang Telecom Technology (in Chinese). Shanghai Stock Exchange. 23 April 2016. Retrieved 7 March 2017.
  2. 李兴彩 (4 May 2018). 大唐电信与高通组建合资公司瓴盛科技获批. Shanghai Securities News (in Chinese). Retrieved 17 January 2019.
  3. 张靖超 (7 May 2018). 大唐电信戴帽：旗手"陨落". China Business Journal (in Chinese). Beijing. Retrieved 16 January 2019.


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