[Brokerage Focus] CCB International maintains a "Buy" rating on ZTE (00763), stating that its second growth curve business is gaining strong momentum.

Jinwu Financial News | According to a Research Report from China Merchants Industry, ZTE (00763) announced its Q1 2025 performance, with revenue increasing 8% year-on-year and 5% quarter-on-quarter to 33 billion yuan, mainly benefiting from the strong growth of the government and enterprise Business (management stated it has doubled year-on-year). This Sector's growth is supported by domestic leading Cloud Computing Service providers accelerating investments in computing infrastructure. Net income decreased 11% year-on-year to 2.5 billion yuan, mainly due to the impact of declining gross margin. The gross margin for Q1 2025 decreased year-on-year to 34.3% (Q1 2024: 42.0%, Q4 2024: 30.6%), primarily due to unfavorable product structure.

Jingwu Financial NewsApr 24 01:22 ET

Express News | BlackRock's Long Position in H-Shares of ZTE Corp Decreases to 5.83% on April 17 From 6.56% - HKEX

ReutersApr 23 05:10 ET

ZTE's Q1 Profit Slides 11%; Hong Kong Shares Rise 3%

MT NewswiresApr 23 02:45 ET

Hong Kong Stocks Movement | ZTE (00763) rises over 3% as the Net income attributable to common shareholders in the first quarter decreases year-on-year, but Institutions remain Bullish on the company benefiting from AI development opportunities.

ZTE (00763) rose over 3%, as of the time of publication, up 3.46%, at 22.4 Hong Kong dollars, with a trading volume of 0.16 billion Hong Kong dollars.

Zhitong FinanceApr 22 22:22 ET

Hong Kong stock morning report | E-commerce platforms have completely canceled "refund only" policy. Wei Long Mei Wei plans to invest 1 billion yuan to build a new factory.

① E-commerce platforms fully cancel "refund only" policy. ② The IMF lowers the 2025 global economic growth forecast from 3.3% at the beginning of the year to 2.8%. ③ The Ministry of Industry and Information Technology solicits public opinions on the "Guide to the Construction of Comprehensive Standardization System for Cloud Computing (2025 Version)." ④ The Ministry of Industry and Information Technology: More than 100 national and industry standards will be developed and revised to establish a standard system for Intelligent Manufacturing that adapts to the development of new industrialization by 2026.

cls.cnApr 22 19:08 ET

ZTE: First Quarter Report 2025

SZSIApr 22 12:00 ET · Announcements