Core Viewpoint - ZTE Corporation announced the convening of its 13th meeting of the 10th Board of Directors on October 28, 2025, to review the Q3 2025 report and other documents [1] Company Summary - For the first half of 2025, ZTE's revenue composition is entirely from the telecommunications equipment sector, accounting for 100.0% [1] - As of the report, ZTE's market capitalization stands at 236.3 billion yuan [1] Industry Summary - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation into a "slow bull" new pattern [1]

Core Insights - ZTE Corporation reported third-quarter revenue of 28.967 billion yuan, representing a year-on-year increase of 5.11% [1] - The net profit for the third quarter was 264 million yuan, showing a significant year-on-year decline of 87.84% [1] - For the first three quarters, the total revenue reached 100.52 billion yuan, with a year-on-year growth of 11.63% [1] - The net profit for the first three quarters was 5.322 billion yuan, reflecting a year-on-year decrease of 32.69% [1]

Core Viewpoint - ZTE Corporation reported its Q3 2025 financial results, showing a mixed performance with revenue growth but a significant decline in net profit [1] Financial Performance - In Q3 2025, the company's operating revenue reached 28.967 billion yuan, representing a year-on-year increase of 5.11% [1] - The net profit for Q3 2025 was 264 million yuan, which reflects a substantial year-on-year decrease of 87.84% [1] - For the first three quarters of 2025, the total operating revenue was 100.52 billion yuan, marking an 11.63% year-on-year growth [1] - The net profit for the first three quarters was 5.322 billion yuan, showing a decline of 32.69% compared to the previous year [1] - The basic earnings per share for the first three quarters stood at 1.11 yuan [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而産生或 因倚賴該等內容而引致之任何損失承擔任何責任。 ZTE CORPORATION 中 興 通 訊 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00763） 二零二五年第三季度報告 本公司及董事會全體成員保證信息披露的內容真實、準確、完整，沒有虛假記載、誤導性陳 述或重大遺漏。 1.1 中興通訊股份有限公司（簡稱"中興通訊"、"本公司"或"公司"）董事會及董事、 高級管理人員保證本季度報告內容的真實、準確、完整，不存在虛假記載、誤導性陳述 或重大遺漏，幷承擔個別和連帶的法律責任。 1.2 本季度報告已經於 2025 年 10 月 28 日召開的本公司第十屆董事會第十三次會議審議 通過，所有董事均親自出席了本次會議。 1.3 本公司法定代表人徐子陽先生、財務總監李瑩女士和會計機構負責人王秀紅女士聲 明：保證本季度報告中的財務報表真實、準確、完整。 1.4 本季度報告中的財務報表未經審計。本季度報告所載的財務資料乃根據中國 ...

中兴通讯公告，第三季度营收为289.67亿元，同比增长5.11%；净利润为2.64亿元，同比下降87.84%。 前三季度营收为1005.2亿元，同比增长11.63%；净利润为53.22亿元，同比下降32.69%。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中興通訊股份有限公司（「本公司」）在深圳證券交易所網站發布的以下公 告全文，僅供參閱。 ZTE CORPORATION 中興通訊股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00763） 承董事會命 方榕 董事長 深圳，中國 本次会议审议通过《二〇二五年第三季度报告》。 表决情况：同意 9 票，反对 0 票，弃权 0 票。 本议案已经公司董事会审计委员会审议通过。 二零二五年十月二十八日 於本公告日期，本公司董事會包括執行董事：徐子陽；非執行董事：方榕、閆俊武、 諸為民、張洪；獨立非執行董事：莊堅勝、王清剛、徐奇鵬；以及職工董事：李妙娜。 证券代码（A/H）：000063/00763 证券简称（A/H）：中兴通讯 公告编号：202563 中兴通讯股份有限公司 第十届董事会第十三次会议决议公 ...

证券代码（A/H）：000063/00763 证券简称(A/H)：中兴通讯 公告编号：202564 中兴通讯股份有限公司 2025 年第三季度报告 本公告在境内和香港同步刊登。本公告根据《深圳证券交易所股票上市规则》规定在境内刊登。 本公告依据《香港联合交易所有限公司证券上市规则》第 13.09(2)条及第 13.10B 条的披露义务及 香港法例第 571 章《证券及期货条例》第 XIVA 部内幕消息条文而公布。 §1 重要提示 1.1 中兴通讯股份有限公司（简称"中兴通讯"、"本公司"或"公司"）董事会及董事、 高级管理人员保证本季度报告内容的真实、准确、完整，不存在虚假记载、误导性陈述 或重大遗漏，并承担个别和连带的法律责任。 1.2 本季度报告已经于 2025 年 10 月 28 日召开的本公司第十届董事会第十三次会议审议 通过，所有董事均亲自出席了本次会议。 1.3 本公司法定代表人徐子阳先生、财务总监李莹女士和会计机构负责人王秀红女士声 明：保证本季度报告中的财务报表真实、准确、完整。 1.4 本季度报告中的财务报表未经审计。本季度报告所载的财务资料乃根据中国企业会 计准则编制。 1.5 本季度报告 ...

Market Overview - The Shanghai Composite Index closed at 3988.22 points, down 0.22%, with a trading volume of 940.8 billion yuan. The Shenzhen Component Index fell 0.44% to 13430.10 points, with a trading volume of 1207.1 billion yuan. The ChiNext Index decreased by 0.15% to 3229.58 points, with a trading volume of 573.27 billion yuan. The STAR Market 50 Index dropped 0.84% to 1471.73 points, with a trading volume of 87.8 billion yuan. The total trading volume for both markets was 2147.9 billion yuan, a decrease of 192.23 billion yuan from the previous trading day [1]. Sector Performance - Among industry sectors, defense and military, transportation, textiles and apparel, communications, and environmental protection showed the highest gains. In contrast, sectors such as non-ferrous metals, beauty care, steel, construction decoration, coal, pharmaceutical biology, securities, and oil and petrochemicals experienced significant declines [3]. - The fluorochemical and PCB concepts were particularly strong, with ST Zhongdi achieving an 8-day consecutive limit-up [2][4]. Individual Stock Performance - A total of 2284 stocks rose while 2714 stocks fell, with 156 stocks remaining flat and 10 stocks suspended. Excluding newly listed stocks, there were 71 stocks that hit the daily limit-up and 11 that hit the limit-down [3]. - The top net inflow stocks included Sanhua Intelligent Control with a net inflow of 1.098 billion yuan, followed by Duofluor and Heyuan Biological with inflows of 955.6 million yuan and 825 million yuan, respectively [10][11]. Fund Flow Analysis - The net outflow of main funds from the Shanghai and Shenzhen markets was 34.079 billion yuan, with the ChiNext experiencing a net outflow of 11.392 billion yuan and the CSI 300 seeing a net outflow of 10.192 billion yuan. The electronic sector had the largest net outflow of 10.889 billion yuan [5]. - Five sectors saw net inflows, with the defense and military sector leading with a net inflow of 999.3 million yuan [5]. Institutional Activity - Institutional investors had a net buy of approximately 370 million yuan, with Hengbao Co. being the most purchased stock at a net buy of about 193 million yuan. The most sold stock was Zhongtung High-tech, with a net sell of approximately 105 million yuan [17][19].

Market Performance - The Shanghai Composite Index briefly surpassed 4000 points before retreating, closing at 4005 points with a gain of 0.21% [1] - The three major A-share indices experienced a decline in the afternoon, with the Shanghai Index down 0.22%, Shenzhen Component down 0.44%, and ChiNext down 0.15% [2][3] - The total trading volume in the Shanghai and Shenzhen markets was 2.15 trillion, a decrease of 192.3 billion compared to the previous trading day, with over 2900 stocks declining [4] Sector Performance - The Fujian sector continued to perform strongly, with multiple stocks hitting the daily limit, including Haixia Innovation and Fujian Cement [3] - The military industry stocks surged, with companies like Jianglong Shipbuilding and Great Wall Military Industry seeing significant gains [3] - The non-ferrous metals sector faced widespread declines, particularly in gold, rare earths, and cobalt mining [3] Capital Flow - Main capital inflows were observed in the biopharmaceutical, cultural media, and software development sectors, while outflows were noted in semiconductors, non-ferrous metals, and communication equipment [6] - Specific stocks such as N He Yuan-U and N Yi Cai-U saw net inflows of 1.775 billion and 1.291 billion respectively, while Northern Rare Earth and Huayou Cobalt experienced significant outflows [6] Market Outlook - Industry insiders predict a likely continuation of a slow bull market until the end of the year, supported by progress in US-China trade negotiations and favorable regulatory policies [7] - The China Securities Regulatory Commission (CSRC) is optimizing the Qualified Foreign Institutional Investor (QFII) system to attract foreign investment, enhancing transparency and efficiency [8] - Analysts suggest that the breakthrough of 4000 points reflects improved market sentiment and investor confidence, with a potential for further capital inflow if the index stabilizes above this level [9] Investment Strategy - Investors are advised to remain rational and focus on companies with strong fundamentals, avoiding blind chasing of high prices [9] - The technology sector is expected to continue its momentum, while pharmaceuticals and consumer goods are seen as key areas for long-term investment [10]

Market Overview - The Shanghai Composite Index fell by 0.22%, the Shenzhen Component Index decreased by 0.44%, the ChiNext Index dropped by 0.15%, and the CSI 300 Index declined by 0.51% [1] - Among the tradable A-shares, 2,362 stocks rose, accounting for 43.52%, while 2,908 stocks fell [1] Capital Flow - The main capital experienced a net outflow of 48.369 billion yuan throughout the day [1] - The ChiNext saw a net outflow of 8.319 billion yuan, while the STAR Market had a net outflow of 3.603 billion yuan [1] - The CSI 300 constituent stocks faced a net outflow of 20.911 billion yuan [1] Industry Performance - Out of the 28 first-level industries classified by Shenwan, 10 industries saw an increase, with the top gainers being the comprehensive sector and defense industry, rising by 2.06% and 1.07% respectively [1] - The industries with the largest declines were non-ferrous metals and beauty care, which fell by 2.72% and 1.51% respectively [1] Industry Capital Inflow and Outflow - The defense industry led in net capital inflow, with a total of 2.138 billion yuan, while it also increased by 1.07% [1] - The building materials sector had a slight increase of 0.01% with a net inflow of 0.286 billion yuan [1] - The electronics industry experienced the largest net outflow, totaling 12.127 billion yuan, with a decline of 0.37% [1] - Other significant outflows were seen in the non-ferrous metals sector, which fell by 2.72% with a net outflow of 10.828 billion yuan [1] Individual Stock Performance - A total of 1,809 stocks had a net inflow of funds, with 685 stocks seeing inflows exceeding 10 million yuan [3] - The stock with the highest net inflow was C He Yuan-U, with 1.776 billion yuan, followed by C Yi Cai-U and Sanhua Intelligent Control with net inflows of 1.295 billion yuan and 1.228 billion yuan respectively [3] - Conversely, 201 stocks experienced net outflows exceeding 100 million yuan, with Northern Rare Earth, ZTE Corporation, and Huayou Cobalt seeing the largest outflows of 2.242 billion yuan, 1.359 billion yuan, and 1.235 billion yuan respectively [3]