On October 8, ZTE fell 3.04% in regular trading, trading at 21.08 HKD/share, with Turnover of 55.9937 million HKD.
JPMorgan's rapid reversal in its long position on ZTE has drawn market attention and weighed on investor sentiment. According to disclosures, JPMorgan reduced its stake by 2.7177 million shares on September 30, lowering its long position ratio to 5.97%. However, just one trading day later, on October 2, the bank increased its position via an off-market transaction of 0.6098 million shares at an average price of 21.6487 HKD, bringing its long position ratio back up to 6.03%. The swift, opposite-direction adjustments in the institutional holding have raised concerns about the stability of the stock's short-term shareholding base.
The company's business performance shows a mixed picture. In the first half of 2026, revenue from computing power products grew over 55% year-over-year, accounting for 35.1% of total revenue, driven by close to 60% growth in server and storage income. However, the company's overall net profit fell by over 40% during the same period, as the traditional operator network business contracted amid reduced domestic 5G infrastructure investment and the computing power segment faces lower gross margins.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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