Movement Alert｜ZTE Corporation Falls 3.22% in Regular Trading, Multiple Headwinds from Sector Weakness and Earnings Decline Persist

Market Focus06-24 11:00

On June 24, ZTE Corporation (00763.HK) fell 3.22% in regular trading, trading at HKD 23.46/share, with turnover of HKD 176 million. The decline extends a multi-session downtrend as several negative factors continue to weigh on the stock.

On the news front, the communications equipment sector remains under pressure following a failed rebound attempt, with peers such as YOFC down 3.85% and Trigiant down 3.84% today. Fundamentally, ZTE's Q1 results revealed significant profit deterioration, with net profit attributable to shareholders plunging 46.58% year-over-year and non-GAAP net profit declining 52.16%, despite a 6.13% rise in revenue to RMB 34.99 billion. Institutional sentiment has turned cautious, with JPMorgan continuously reducing its H-share holdings from 7.65% to 6.14%. Additionally, the stock's short-selling ratio stands at an elevated 16.50%, reflecting pronounced bearish positioning. On June 23, A-share main capital recorded a net outflow of RMB 1.08 billion, further underscoring selling pressure across both markets.

(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.

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