China-based smartphone vendor Coolpad has reported that revenues for the whole group reached HK$14.668 billion (US$1.89 billion) in 2015, decreasing 41.09% from a year earlier. However, net profits grew 353.25% on year to HK$2.311 billion in the year.

Sales of 3G smartphones totaled HK$1.596 billion in 2015, down 86.9% on year. Meanwhile, sales of 4G smartphones grew 3.7% to HK$12.791 billion, accounting for 87.2% of the company's total revenues in the year.

Sales of handset application services reached HK$236 million, down 32.4% from a year earlier.