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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