Zhi Tong Cai Jing·2025-08-29 02:10Core Viewpoint - ZTE Corporation (00763) experienced a decline of over 6% following the release of its interim results, with a current share price of HKD 36.22 and a trading volume of HKD 580 million [1] Financial Performance - For the first half of the year, ZTE reported revenue of CNY 71.553 billion, representing a year-on-year increase of 14.51% [1] - The net profit for the same period was CNY 5.058 billion, showing a year-on-year decrease of 11.77% [1] - The non-recurring net profit was CNY 4.104 billion, down 17.32% year-on-year [1] - The gross profit margin stood at 32.45%, a decline of 7.99% compared to the previous year [1] - The net cash flow from operating activities was CNY 1.3 billion, a significant drop of 81.44% year-on-year [1] Segment Performance - Revenue from operator networks was CNY 35.064 billion, a decrease of 5.99% year-on-year, with a gross margin of 52.94%, down 1.38 percentage points [1] - Revenue from government and enterprise business reached CNY 19.254 billion, marking a substantial increase of 109.93% year-on-year, although the gross margin fell to 8.27%, down 13.50 percentage points [1] - Consumer business revenue was CNY 17.235 billion, up 7.59% year-on-year, with a gross margin of 17.78%, a decrease of 1.03 percentage points [1]