中兴通讯：Mixed 1H24 results

19 Aug 2024 CMB International Global Markets | Equity Research | Company Update ZTE (000063 CH) Mixed 1H24 results ZTE's announced 1H24 results. Revenue increased by 2.9% YoY to RMB62.5bn, while net profit grew by 4.8% YoY to RMB5.7bn in 1H24. Despite the headwinds from declining capex of domestic telcos for ZTE's carrier business, non-carrier businesses managed to grew double-digits (14.3% and 56.1% YoY growth in consumer and gov't/enterprise segments). On a quarterly basis, Q2 revenue increased by 1.1% Yo ...