野村发表研报指，中兴通讯(00763.HK) 2024财年收入及盈利分别按年下跌2.4%及9.7%，可能由于中国电信行业持续疲弱的需求所致。虽然消费者及企业两大板块的增长仍然健康，但企业板块的毛利率按年下降19.6个百分点至15.3%，该行认为这主要受到服务器业务加速扩张的影响。
野村将中兴通讯2025至2026财年收入预测下调4.6%至5.2%，以反映电信行业需求增长低于预期。该行亦下调2025财年的盈利预测3%；上调2026财年盈利预测4%，反映毛利率降低，但有效的营运费用控制应有助于公司在2026财年实现更好的每股盈利。
另外，野村首次引入对中兴通讯2027财年的收入及盈利增长预测，分别为按年增长8.5%及7.7%，并维持该股的“中性”评级，目标价由21元上调至28元。(js/w)
(港股报价延迟最少十五分钟。沽空资料截至 2025-03-03 16:25。)
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