Group 1 - The core point of the article highlights a significant shareholder transfer of ZTE Corporation's stock from HSBC to Citibank, valued at HKD 666 million, representing 3.42% of the company's shares [1] - ZTE Corporation's Q1 2025 financial report indicates a revenue of RMB 32.968 billion, reflecting a year-on-year increase of 7.82% [1] - The net profit attributable to ordinary shareholders decreased by 10.5% to RMB 2.453 billion, with basic earnings per share reported at RMB 0.51 [1]

Group 1 - The core point of the article highlights the transfer of shares of Changfei Fiber Optics (06869) from J.P. Morgan Broking (Hong Kong) Limited to Citibank, with a market value of HKD 963 million, accounting for 13.91% of the total shares [1] Group 2 - For the financial performance, Changfei Fiber Optics reported a total revenue of CNY 12.197 billion for 2024, representing a year-on-year decrease of 8.65% [1] - The net profit attributable to shareholders was CNY 676 million, showing a significant year-on-year decline of 47.91% [1] - The net cash flow from operating activities was CNY 1.783 billion, which reflects a year-on-year increase of 17.76% [1] - The basic earnings per share were CNY 0.89, and the weighted average return on equity was 5.83% [1]