On June 1, ZTE Corporation fell 3.06% in regular trading, trading at 26.08 HKD/share, with trading volume of approximately 250 million HKD.

On the news front, recently disclosed data revealed that the company registered only 2 new software copyrights this year, a decline of 86.67% year-over-year. Meanwhile, its annual report showed R&D expenditure of 22.755 billion yuan, down 5.31% year-over-year. The market continues to digest concerns over weakening innovation momentum and long-term competitiveness.

Adding to downward pressure, the Communications Equipment sector saw broad-based selling. Among sector peers, YOFC fell 7.48%, CIG fell 9.63%, Trigiant dropped 7.65%, while BYD Electronic edged up 0.41% and MEIG gained 3.27%. The sector-wide weakness amplified selling pressure on individual stocks including ZTE.

Additionally, Q1 results showed revenue of 34.988 billion yuan, up 6.13% year-over-year, but net profit attributable to shareholders fell 46.58% to 1.31 billion yuan, reflecting ongoing margin headwinds.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)