Stock Track | ZTE Soars 5.03% Intraday on Share Buyback and Dividend Announcement

Stock Track

07/03

ZTE Corporation's stock price surged 5.03% during intraday trading on Friday, reflecting strong positive investor sentiment.

The significant upward movement is primarily attributed to the company's ongoing share repurchase program and an upcoming dividend payment. ZTE has cumulatively repurchased approximately 24.56 million A-shares, with a total expenditure exceeding RMB 855 million, signaling management's confidence in the company's intrinsic value. Additionally, the company confirmed it will pay a final dividend for fiscal year 2025 to shareholders of record, providing further near-term return visibility.

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ZTE has cumulatively repurchased approximately 24.56 million A-shares, with a total expenditure exceeding RMB 855 million, signaling management's confidence in the company's intrinsic value. 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