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

MT Newswires Live

2025/04/23

ZTE (HKG:0763, SHE:000063) attributable profit fell 11% to 2.45 billion yuan in the first quarter from 2.74 billion yuan in the year-ago period, according to a Tuesday filing with the Hong Kong bourse.

Earnings per share at the telecommunications equipment manufacturer decreased 11% to 0.51 yuan from 0.57 yuan in the previous year.

Operating revenue grew 7.8% to about 33.0 billion yuan from 30.6 billion yuan a year earlier.

ZTE's shares jumped 3% in Hong Kong during afternoon trading on Wednesday.

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