Core Insights - ZTE Corporation reported a revenue of 100.52 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 11.6% [1] - The net profit attributable to shareholders reached 5.32 billion yuan, achieving growth despite a decline in domestic operator infrastructure investment, driven primarily by explosive growth in computing power business and global expansion [1] Revenue Breakdown - The computing power revenue surged by 180% year-on-year, accounting for 25% of total revenue, with server and storage business growth reaching 250% and data center products increasing by 120% [1] - The enterprise business revenue doubled, growing by 130% year-on-year, while the home and personal business accounted for 25% of total revenue [1] Market Position - ZTE's cloud terminal maintained a leading market share of 44.5% in the domestic market, and overseas mobile activations increased by over 25% [1] R&D Investment - The company invested 17.81 billion yuan in research and development, representing 18% of its revenue, and successfully developed self-researched DPU chips to achieve efficient interconnection of domestic GPU clusters [1]

Core Insights - The company reported a revenue of 100.52 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 11.6%, with a net profit attributable to shareholders of 5.32 billion yuan [1][2] - The decline in domestic telecom infrastructure investment has pressured operator network revenue, while the enterprise business has seen significant growth, with a 130% year-on-year increase [1][4] - The company is focusing on AI infrastructure deployment and upgrading, achieving a 180% year-on-year growth in computing power revenue, which now accounts for 25% of total revenue [1][4] Financial Performance - Revenue for the first three quarters reached 100.52 billion yuan, with a net profit of 5.32 billion yuan and a non-recurring net profit of 3.88 billion yuan [1] - R&D expenses totaled 17.81 billion yuan, accounting for approximately 18% of revenue [4] Business Segments - The operator network revenue faced challenges due to a decline in domestic market performance, while international markets showed growth [1] - The enterprise business has experienced robust growth, with a 130% increase in revenue year-on-year [1] - Consumer business revenue has maintained steady growth, with personal business revenue achieving double-digit growth [6] AI and Technology Development - The company is integrating AI into its ICT technology base, enhancing network capabilities and expanding AI application scenarios [4][5] - The company has achieved significant advancements in AI-driven technologies, including the launch of various AI products and solutions across multiple industries [5][11] Market Position - The company ranks second globally in the shipment of 5G base stations and core networks, maintaining a leading position in fixed network products [4] - The company has a 44.5% market share in the cloud terminal market in China, continuing to lead in this segment [7] Product Innovations - The company has launched innovative AI cloud computer terminals and various consumer electronics, including the Nubia Z80 Ultra smartphone and AI-enabled home products [9][7] - The company is focusing on creating a smart ecosystem for families and individuals, integrating AI capabilities into various consumer products [6][7]

Market Overview - A-shares experienced a slight decline on October 28, with the Shanghai Composite Index losing the 4000-point mark. The shipbuilding sector saw significant gains, while sectors such as precious metals, energy metals, and wind power equipment faced notable declines [1]. Fund Flow Analysis - The net outflow of main funds in the Shanghai and Shenzhen markets reached 34.079 billion yuan. Five sectors saw net inflows, including defense and military, building materials, and household appliances, with inflows of 999.3 million yuan, 301 million yuan, and 149 million yuan respectively [1]. - The power equipment sector led the outflow with a net amount of 10.889 billion yuan, followed by non-ferrous metals, telecommunications, and machinery equipment, each exceeding 3 billion yuan in outflows [1]. Individual Stock Performance - Nine stocks recorded net inflows exceeding 400 million yuan, with Sanhua Intelligent Control leading at 1.098 billion yuan, followed by Duofuduo at 955.6 million yuan. Sanhua's stock price reached a historical high [2][3]. - Newly listed stocks N He Yuan-U and N Yi Cai-U attracted net inflows of 825 million yuan and 693 million yuan respectively. N He Yuan-U specializes in innovative biopharmaceuticals, while N Yi Cai-U focuses on 12-inch silicon wafer production [4]. Tail-End Fund Flow - At the end of the trading day, three stocks, including Sanhua Intelligent Control, received net inflows exceeding 100 million yuan, with Sanhua alone attracting 307.44 million yuan [7][8]. - Conversely, stocks like Zhongxing Communication and Shenghong Technology experienced significant net outflows, with Zhongxing seeing an outflow of 1.244 billion yuan [6][9].

每经AI快讯，10月28日，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%。 （文章来源：每日经济新闻） ...

Core Insights - ZTE Corporation (00763.HK) reported a revenue of approximately RMB 28.967 billion for Q3 2025, representing a year-on-year increase of 5.11% [1] - The net profit for the same period was approximately RMB 264 million, showing a significant year-on-year decline of 87.84% [1] - Basic earnings per share stood at RMB 0.06 [1] Financial Performance - For the first three quarters of 2025, ZTE's revenue reached approximately RMB 100.52 billion, reflecting a year-on-year growth of 11.63% [1] - The net profit for the first three quarters was approximately RMB 5.322 billion, which is a year-on-year decrease of 32.69% [1]

中兴通讯：9个月净利润变动+11.6％。 ...

中兴通讯股份有限公司 证券代码（A/H）：000063/00763 证券简称（A/H）：中兴通讯 公告编号：202563 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。 特此公告。 中兴通讯股份有限公司董事会 2025 年 10 月 29 日 第十届董事会第十三次会议决议公告 本公司及董事会全体成员保证董事会决议公告的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 中兴通讯股份有限公司（以下简称"公司"）已于 2025 年 10 月 14 日以电子 邮件的方式向公司全体董事发出了《关于召开中兴通讯股份有限公司第十届董事 会第十三次会议的通知》。2025 年 10 月 28 日，公司第十届董事会第十三次会议 （以下简称"本次会议"）以电视电话会议方式在公司深圳总部等地召开。本次 会议由董事长方榕女士主持，应到董事 9 名，实到董事 9 名。公司相关人员列席 了本次会议。本次会议的召开符合有关法律、行政法规、部门规章和《中兴通讯 股份有限公司章程》的有关规定，会议合法、有效。 本次会议审议通过《二〇二五年第三季度报告》。 ...

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]