Third Quarter 2002 Financial Data
                       ZOOM TECHNOLOGIES, INC.
                     Consolidated Balance Sheets
                             In thousands


                                               SEPT 30,       DEC 31,
                                                 2002          2001
                                             (Unaudited)     (Audited)
Assets

Current assets:

   Cash                                         $6,990         $5,252
   Accounts receivable, net                      5,460          5,652
   Inventories, net                              7,086         11,083
   Prepaid expenses and other                      974          1,000

     Total current assets                       20,510         22,987

Property and equipment, net                      3,614          4,129

Other non-current assets                             -          2,069

     Total assets                              $24,124        $29,185

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

   Current portion of long-term debt              $190           $139
   Accounts payable                              3,372          2,750
   Accrued expenses                              1,209          1,880

     Total current liabilities                   4,771          4,769

   Long-term debt                                5,390          5,745
   Other non-current liabilities                     -            255

     Total liabilities                          10,161         10,769

Stockholders' equity:

   Common stock                                 28,245         28,245
   Retained earnings (deficit)                 (14,282)        (9,829)

     Total stockholders' equity                 13,963         18,416

     Total liabilities & stockholders'
      equity                                   $24,124        $29,185