智通财经APP获悉,大华继显发布研报称,中兴通讯(00763)2025年第三季度业绩在收入、利润率及盈利层面均显著低于市场共识预期。此主要归因于产品结构变化,高利润的营运商网络业务因电信资本支出疲弱而表现远逊预期,收入确认时点问题更进一步加剧此状况。随着中兴于第四季开始确认相关收入,运营商网络业务应会出现显著复苏。维持“持有”评级,目标价由40港元下调至35.8港元。
智通财经APP获悉,大华继显发布研报称,中兴通讯(00763)2025年第三季度业绩在收入、利润率及盈利层面均显著低于市场共识预期。此主要归因于产品结构变化,高利润的营运商网络业务因电信资本支出疲弱而表现远逊预期,收入确认时点问题更进一步加剧此状况。随着中兴于第四季开始确认相关收入,运营商网络业务应会出现显著复苏。维持“持有”评级,目标价由40港元下调至35.8港元。
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