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Story summary
- ZTE Corporation, a Chinese telecom equipment maker, reported 2025 revenue of 134 billion yuan, up 10.4%.
- Net profit fell 33.3% to 5.62 billion yuan, and net profit excluding non-recurring items dropped 45.5%.
- Gross margin fell 7.66 percentage points to 30.25%.
- Chairman Fang Rong attributed the decline to an industry cycle shift.
- Shares fell 1.27% in Shenzhen and about 2% in Hong Kong as ZTE expands computing infrastructure.
