This morning, A-share 5g communications leader ZTE A-share trading.
On the evening of July 9, ZTE released its semi annual performance forecast, and it is expected to achieve a net profit of 3.8 billion yuan to 4.3 billion yuan in the first half of 2021, a year-on-year increase of 104.60% to 131.52%.
The performance in the first half of the year is expected to double
At the beginning of July 12, ZTE’s a shares opened sharply higher, and then quickly raised the trading limit. As of noon closing, it closed at 34.4 yuan, up 10.01%, with more than 230000 orders sealed on the trading board.
On the evening of July 9, ZTE released its performance forecast for the half year of 2021. It is expected to achieve a net profit of 3.8 billion yuan to 4.3 billion yuan in the first half of 2021, a year-on-year increase of 104.60% to 131.52%, and basic earnings per share of 0.82 yuan to 0.93 yuan.
ZTE said that in the first half of the year, the company’s performance increased significantly, mainly due to the company’s continuous optimization of the market structure, the year-on-year growth of operating revenue, the continuous recovery and improvement of gross profit margin, the substantial improvement of profitability, and the transfer of 90% equity of Beijing ZTE GAODA Communication Technology Co., Ltd. to confirm the pre tax profit of about 800 million yuan.
Steady growth of all business sectors
ZTE introduced that in terms of operator network, the company has continuously improved the competitiveness of product solutions in China, delivered 5g network with high quality, achieved further breakthroughs in local markets on the basis of stabilizing the overall market share, and accelerated the proportion and market share of high-end products such as wireless access, optical transmission and bearer. At the same time, it closely follows the cloud network transformation strategy of operators, and makes efforts in server and storage, data center, cloud capability components and other aspects to become an all-round strategic partner of operators.
The latest data from the third party shows that in the first quarter of 2021, ZTE’s 5g base station equipment shipment remained the second in the world, its 5g core network revenue accounted for the second in the world, and its 200g optical network port shipment ranked the second in the world in 2020.
In terms of government enterprise business, the company continued to increase resource investment in the first half of the year, fully supported the development of government enterprise business, focusing on six major areas, including government affairs, finance, transportation, energy, Internet and large enterprises. At the same time, we continue to promote the ecological construction of cloud network. At present, we have more than 200 core partners, more than 100 system integrators, independent software providers and other strategic partners.
article links：150 billion market value of 5g leading trading limit
Reprint indicated source：Spark Global Limited information