Zhi Tong Cai Jing·2025-08-28 13:38Core Insights - ZTE Corporation reported a revenue of approximately 71.55 billion yuan for the first half of 2025, representing a year-on-year growth of 14.51% [1] - The net profit attributable to shareholders decreased to about 5.06 billion yuan, down 11.77% year-on-year, with basic earnings per share at 1.06 yuan [1] Domestic Market Performance - The domestic market revenue reached approximately 50.62 billion yuan, growing by 17.55% year-on-year, accounting for 70.74% of total revenue [1] - The gross margin was 33.69%, a decline of 8.74 percentage points year-on-year [1] - The company is focusing on deepening its presence in wireless and wired products while expanding into smart data center projects and future technology directions like 10G access [1] International Market Performance - The international market revenue was approximately 20.94 billion yuan, with a year-on-year increase of 7.77%, making up 29.26% of total revenue [2] - The gross margin for international operations was 29.45%, down 6.57 percentage points year-on-year [2] - The company is leveraging opportunities in the Asia-Pacific region, Africa, and Latin America, focusing on key operators and infrastructure modernization [2] Business Segments - For operator clients, ZTE is maintaining its strategy focused on major operators and enhancing its market position through key product offerings [2] - In the enterprise sector, the company is capitalizing on the overseas expansion of Chinese enterprises and the acceleration of data center and server infrastructure construction in major countries [2] - Consumer business saw a robust growth in revenue, driven by the success of the dual-brand strategy and innovative products like the cloud PAD, which sold over 1 million units in the first half of the year [1][2]