Zhi Tong Cai Jing·2025-09-02 07:07Core Viewpoint - The report from BOC International highlights that breakthroughs in AI servers are driving new growth opportunities for ZTE Corporation (00763), with a year-on-year revenue increase of 109% in the second quarter [1] Group 1: Financial Performance - ZTE Corporation's revenue for the second quarter increased by 109% year-on-year [1] - The company's gross margin is expected to gradually recover as domestic GPUs replace imported chips, leading to lower semiconductor costs [1] Group 2: Market Outlook - The anticipated improvements in hardware gross margins are expected to stimulate higher demand due to widespread AI applications [1] - BOC International has raised the target price for ZTE Corporation from HKD 29.28 to HKD 37.58, reiterating a "Buy" rating [1]