花旗发布研报称，中国联通2024财政年度整体资本支出为610亿人民币，同比减少17%，未达650亿的指引目标，而2025财政年度的支出指引目标为550亿人民币，同比减少约10%，该行认为这可能对中兴通讯不利。ZTE (00763) fell more than 6% in the afternoon, and as of the time of publication, it has dropped 4.66%, priced at 25.6 Hong Kong dollars, with a trading volume of 0.892 billion Hong Kong dollars.
According to the Zhitong Finance APP, ZTE (00763) fell over 6% in the afternoon, and as of the time of publication, it was down 4.66%, priced at 25.6 Hong Kong dollars, with a transaction value of 0.892 billion Hong Kong dollars.
In terms of news, ZTE previously announced its Earnings Reports for the year 2024, achieving revenue of 121.299 billion yuan, a year-on-year decrease of 2.38%; Net income was 8.425 billion yuan, a year-on-year decrease of 9.66%. Among them, the fourth quarter Shareholder Net income was 0.518 billion yuan, a quarter-on-quarter decline of 76.2%. Bank of America Securities stated that considering the weakness in the carrier Business, it has lowered ZTE's profit forecast for the next two years by 12% to 17%.
Citibank released a Research Report stating that China United Network Communications' overall capital expenditure for the fiscal year 2024 was 61 billion yuan, a year-on-year decrease of 17%, falling short of the guidance target of 65 billion, while the expenditure guidance target for the fiscal year 2025 is 55 billion yuan, a year-on-year decrease of about 10%. The bank believes this could be unfavorable for ZTE.
