HK Stock Market Move | ZTE Corporation (00763) rose more than 8% in early trading, with the revenue share of hash power products in the first quarter significantly increasing to 27%.

ZTE Corporation (00763) rose more than 8% in early trading, rising 8.59% as of the time of publication, to 28.32 Hong Kong dollars, with a turnover of 692 million Hong Kong dollars. On the news front, on May 1, the UK High Court ruled that Samsung Electronics should pay ZTE Corporation a one-time global FRAND cross-licensing balance payment of 3.92 billion US dollars. This is seen as a systematic victory for ZTE in the global patent game, marking the recognition of its 5G patent value by the international judicial system. Previously, ZTE had proposed a 6-year licensing plan totaling 731 million US dollars. It is worth noting that ZTE Corporation's performance in the first quarter showed double-digit growth in its three major business engines: computing products, home and personal terminals, and international markets. Among them, computing products have made great progress, with revenue accounting for a significantly increased share of 27%; the international market has fully seized the opportunities of global 5G, fiberization, and overseas computing construction, deepened cooperation with Chinese enterprises going abroad, and demonstrated strong momentum, showing the company's strong operating resilience driven by multiple engines.