HK Stock Market Move | ZTE Corporation (00763) falls more than 5% in intraday trading, company's third-quarter performance announcement imminent.

ZTE Corporation (00763) fell more than 5% during trading, dropping by 4.71% to HK$39.62 by the time of reporting, with a turnover of HK$17.01 billion. On the news front, ZTE Corporation will hold a board meeting today to approve the third-quarter performance of the company and its subsidiaries for the nine months ending on September 30, 2025 and its release. A recent research report by Huatai pointed out that the company is a leading domestic communication equipment company, currently actively transitioning from "connectivity" to "connectivity + computing power." The analyst is optimistic about the company's two main logics: the company has a solid foundation, despite the downturn in traditional network capital expenditures by domestic operators in recent years, the company still maintains a high share of high-level profitability through centralized procurement, and actively expands its business with overseas operators to effectively alleviate the downturn in domestic demand. In addition, the forward-looking layout of computing power may soon yield results. The company has now fully deployed AI computing power in the fields of computing, storage, and network products, and has full-stack self-research capabilities from chips to complete machines. Compared horizontally with the domestic computing power chain, its scarcity can be seen. In the future, with the mass importation of self-developed chips into ICT devices, the company's profitability in government and enterprise business is expected to significantly improve.