ZTE stock fell 9.97%, official response: the company is operating normally

According to news from this site on August 7, due to unknown reasons, ZTE fell sharply by 9.97% before the closing of A-shares, close to the limit, with a market value loss of more than 15 billion yuan. At the same time, the Hong Kong stock market once fell by more than 9%

ZTE official told the Science and Technology Innovation Board Daily that the company's current operating conditions are good

According to reports, the German government is reviewing Huawei and ZTE Whether some communication equipment should be prohibited from entering its telecommunications network. However, analysts believe that due to ZTE's relatively small revenue share in the German market, this move is unlikely to have a significant impact on its share price

In addition to this news, according to market rumors, ZTE is adjusting part of its revenue According to calculations, the second quarter performance is expected to be lower than expected

According to ZTE's 2022 financial report, the revenue in Europe, America and Oceania was 17.28 billion yuan, accounting for 14.06% of the total revenue

ZTE released a performance forecast on the evening of July 10. It is expected that the net profit attributable to shareholders of listed companies in the first half of 2023 will be 45 million yuan to 59 million yuan, with a year-on-year growth rate of 87.63% to 146.01%; basically every Share income is 0.11 yuan to 0.14 yuan

According to the first quarter report of 2023, ZTE’s total operating income reached 29.143 billion yuan, a year-on-year increase of 4.34%, and the net profit attributable to the parent company was 2.642 billion yuan, a year-on-year increase of 1.92% %

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