HK Stock Market Move | ZTE Corporation (00763) rose more than 7% in midday trading, hitting a new high for the listed company. The stock price has increased by over 20% in the past three trading days.

ZTE Corporation (00763) continues its recent upward trend, rising by more than 7% in the morning session, reaching a high of HK$45.2 to refresh its listing high. The stock price has accumulated more than 20% in the past three trading days. As of the time of writing, it is up 4.33%, trading at HK$43.88, with a turnover of HK$23.66 billion. On the news front, HAITONG INT'L pointed out that AI server has entered a stage of volume growth, and revenue has started to accelerate. In addition, the company has strengthened the research and development of intelligent computing related products, which can meet the diverse AI scene demands through self-developed chips, AI servers, hardware, AI toolchains, software capabilities such as software and hardware co-optimization. The company's core chip capabilities are outstanding, with self-developed "Dinghai" DPU chips, "Lingyun" switching chips, "Zhufeng" CPU chips, etc. At the 2025 China Compute Power Conference, the company won the annual breakthrough achievement award with the "smart computing super node system based on GPU card interconnection open architecture and self-developed 'Lingyun' AI switching chip". The company is expected to further strengthen its long-term competitive strength in the AI field with its leading chip full-process design capabilities. Public information shows that in the field of chips, ZTE Corporation has been conducting chip research and development since 1996, continuously strengthening its investment in advanced process design, advanced architecture and packaging design, core intellectual property rights, digital efficient development platforms, etc. Its subsidiary ZTE Microelectronics has the full-process design capabilities of complex SoC chips, and has independently developed and successfully commercialized more than 130 kinds of chips. Huayuan Securities believes that the company's research and development layout and technological depth in the chip field may help it build core competitiveness in the AI wave.