ZTE Shares Surge Over 8% in Morning Session as Q1 Computing Power Products Revenue Share Jumps to 27%

Stock News05-06

ZTE Corporation (00763) rose more than 8% in morning trading. As of the time of writing, the stock was up 8.59%, trading at HK$28.32, with a turnover of HK$692 million. On the news front, on May 1, the UK High Court ruled that Samsung Electronics must pay ZTE a one-time global FRAND cross-licensing balancing payment of $392 million. This is seen as a systematic legal victory for ZTE in global patent disputes, signifying international judicial recognition of the value of its 5G patents. Previously, ZTE had proposed a 6-year licensing agreement totaling $731 million. Notably, ZTE's first-quarter results showed that all three key business drivers—computing power products, home and personal terminals, and the international market—achieved double-digit growth. Among them, computing power products advanced rapidly, with their revenue share significantly increasing to 27%. The international market fully capitalized on global opportunities in 5G, fiber optic deployment, and overseas computing infrastructure development, deepening cooperation with Chinese companies expanding abroad and demonstrating strong growth momentum, highlighting the company's robust operational resilience under multiple growth engines.

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