ZTE's Challenging Demand Outlook Likely to Persist -- Market Talk

Dow Jones

10/29

0607 GMT - ZTE Corp.'s domestic carrier business is likely to continue facing a challenging demand outlook, as telecom operators' capital expenditure downcycle continues, Nomura analysts write in a report. The company, which provides integrated information and communication technology solutions, saw 3Q gross profit margin decline 14.5 percentage points on year and 5.0 percentage points on quarter. This reflects product-mix changes and intense competition in China server market, the analysts say. ZTE's margin pressure is also expected to persist due to ongoing higher contributions from general and AI servers, they add. Nomura maintains a neutral rating on the stock with a target price of HK$39.00. Shares last closed at HK$39.56. (amanda.lee@wsj.com)

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October 29, 2025 02:07 ET (06:07 GMT)

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The company, which provides integrated information and communication technology solutions, saw 3Q gross profit margin decline 14.5 percentage points on year and 5.0 percentage points on quarter. This reflects product-mix changes and intense competition in China server market, the analysts say. ZTE's margin pressure is also expected to persist due to ongoing higher contributions from general and AI servers, they add. Nomura maintains a neutral rating on the stock with a target price of HK$39.00. Shares last closed at HK$39.56. (amanda.lee@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 29, 2025 02:07 ET (06:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0123","symbol_name":"4G","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2579792834","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579792834","pubTimestamp":1761718020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0607 GMT - ZTE Corp.'s domestic carrier business is likely to continue facing a challenging demand outlook, as telecom operators' capital expenditure downcycle continues, Nomura analysts write in a report. 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The company, which provides integrated information and communication technology solutions, saw 3Q gross profit margin decline 14.5 percentage points on year and 5.0 percentage points on quarter. This reflects product-mix changes and intense competition in China server market, the analysts say. ZTE's margin pressure is also expected to persist due to ongoing higher contributions from general and AI servers, they add. Nomura maintains a neutral rating on the stock with a target price of HK$39.00. Shares last closed at HK$39.56. (amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 29, 2025 02:07 ET (06:07 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}