Movement Alert｜ZTE Rises 4.35% in Regular Trading, Q3 Net Profit Surged 394.46% Year over Year

Market Focus10-27 09:35

On October 27, ZTE rose 4.35% in regular trading, trading at HK$20.32, with turnover of HK$45.61 million.

The move followed the company’s latest third-quarter results, which showed quarterly operating revenue of RMB38.813 billion, up 33.99% year over year, and net profit attributable to shareholders of RMB1.307 billion, up 394.46%. Quarterly non-recurring-adjusted net profit was RMB593 million, up 363.65%, indicating a marked improvement in single-quarter earnings.

For the first nine months, however, revenue was RMB116.838 billion, up 16.23%, while attributable net profit fell 23.71% to RMB4.06 billion, adjusted net profit fell 27.46% to RMB2.814 billion, and operating cash flow dropped 59.78% to RMB715 million, showing that the latest rally was tied primarily to the sharp quarter-on-quarter earnings recovery rather than the year-to-date trend.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment