On June 24, ZTE Corporation (00763.HK) fell 3.22% in regular trading, trading at HKD 23.46/share, with turnover of HKD 176 million. The decline extends a multi-session downtrend as several negative factors continue to weigh on the stock.

On the news front, the communications equipment sector remains under pressure following a failed rebound attempt, with peers such as YOFC down 3.85% and Trigiant down 3.84% today. Fundamentally, ZTE's Q1 results revealed significant profit deterioration, with net profit attributable to shareholders plunging 46.58% year-over-year and non-GAAP net profit declining 52.16%, despite a 6.13% rise in revenue to RMB 34.99 billion. Institutional sentiment has turned cautious, with JPMorgan continuously reducing its H-share holdings from 7.65% to 6.14%. Additionally, the stock's short-selling ratio stands at an elevated 16.50%, reflecting pronounced bearish positioning. On June 23, A-share main capital recorded a net outflow of RMB 1.08 billion, further underscoring selling pressure across both markets.

(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.)