On June 30, ZTE Corporation rose 3.4% in regular trading, trading at HK$23.68/share, with turnover of HK$86.43 million.

On the news front, ZTE announced on June 29 a repurchase of approximately 5.19 million A-shares at prices between RMB 34.75 and RMB 35.16 per share, totaling approximately RMB 182 million. The buyback is designated for employee stock ownership plans or equity incentives, signaling management confidence in the company's intrinsic value.

The buyback momentum has been accelerating, with the company having already repurchased approximately 19.25 million A-shares in May alone, spending roughly RMB 670 million. Additionally, ZTE confirmed a final dividend of RMB 4.11 per 10 shares for fiscal year 2025, with H-share holders receiving HK$0.47277 per share, payable on July 10. Morgan Stanley previously upgraded ZTE H-shares to Overweight with a target price of HK$39, citing potential AI catalysts and an earnings inflection point expected in the second half of the year. Multiple positive factors converged to support the stock's rebound.

(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.)