On June 17, ZTE Corporation fell 3.07% in regular trading, trading at HK$25.84/share, with turnover of HK$175 million.

On the news front, the communications equipment sector has continued to weaken in recent sessions, with industry-wide selling pressure intensifying individual stock declines. Within the sector, YOFC dropped 5.46%, Fibocom fell 3.48%, and CIG declined 2.41%, reflecting broad-based sector softness.

Fundamental headwinds remain a key overhang on valuation. ZTE reported Q1 revenue of RMB 34.99 billion, up 6.13% year-over-year, but net profit attributable to shareholders plunged 46.58% to RMB 1.31 billion, while non-recurring net profit fell 52.16%. Meanwhile, JPMorgan has recently reduced its long position in ZTE H-shares from 7.65% to 6.14% through consecutive sell-downs, signaling a more cautious stance from foreign institutional investors toward the stock.

(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.)