ZTE: Revenue in the first quarter of 2025 increased against the trend, but the decline in gross margin has raised market concerns.

ZTE's revenue in the first quarter of 2025 grew against the trend, but declining gross margin is a hidden concern. Core points: Strong revenue growth performance: Achieved revenue of 32.968 billion yuan in the first quarter, a year-on-year increase of 7.82%, indicating that the company's main Business maintains steady growth. Profitability under pressure: Net income attributable to shareholders was 2.453 billion yuan, a year-on-year decline of 10.50%; non-recurring net income was 1.957 billion yuan, a significant year-on-year decline of 26.14%. Gross margin clearly declined: The growth rate of cost of goods sold far exceeded the revenue growth rate, with cost of goods sold increasing by 22.13% year-on-year, while revenue only increased by 7.82%. Deteriorating cash flow situation: Cash from operating activities.

wallstreetcnApr 22 18:41

One Week Ahead | Important schedule continues! China's Q1 GDP will be released on Wednesday; the market closely watches Powell's speech; Bawang Chaji is expected to be listed on Thursday.

The "terrifying data" from the US stock market will be released on Wednesday in March; Bank earnings will be announced one after another, and Technology stocks will fire the "first shot" of performance; Amid the shadow of the trade war, the interest rate decisions of the European Central Bank and the Bank of Canada will be released.

Futu NewsApr 13 18:20

Brokerage morning meeting highlights: The industry allocation recommendations for April should focus on two main lines.

At today's Brokerage morning meeting, Galaxy Securities stated that the characteristics of a short-term structural economic recovery remain evident, with industries related to new productive forces performing better; HTSC believes that increased investment in global AI computing power is expected to drive the performance of businesses in sectors such as Optical Communications to remain positive; China Securities Co., Ltd. suggested that the industry allocation recommendations for April should focus on two main lines.

cls.cnApr 1 08:46

The signal for price increase in cloud-based services has appeared, signaling the start of an upward cycle in computing power.

With the gradual release of deep thinking models such as Deepseek R1 and openAI o1/o3, the demand for high-performance computing on the inference side is rapidly being unleashed, leading to a rapid expansion of Capex by major companies like Alibaba and Tencent, with a quarterly capital expenditure increase of over 250% in Q4 2024, marking the formal entry of the cloud upstream into a new upward cycle.

Guosheng SecuritiesMar 24 11:06

The State-owned Assets Supervision and Administration Commission of the State Council: unswervingly strengthen, optimize, and expand state-owned capital and state-owned enterprises.

The 2025 Issue 6 of the "Seeking Truth" magazine published a signed article by the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council titled "Unwaveringly Strengthening, Optimizing and Expanding State-owned Capital and State-owned Enterprises."

cls.cnMar 16 12:30

Market Update | ZTE's Hong Kong stocks surged more than 8% in the short term. Recently, it announced its annual performance, and Institutions indicated an acceleration in expanding innovative Business along the second curve.

ZTE saw a short-term surge in the afternoon, as of the time of writing, it has risen by 8.24%, trading at 30.2 Hong Kong dollars, with a turnover of 0.954 billion Hong Kong dollars.

Futu NewsMar 12 13:29