ðŸ‡ðŸ‡° English, 27 October 2026, AI pivot
ZTE up 7% after AI pivot, computing surge drive fivefold increase in third quarter profit
Shares in ZTE rose 7% after a nearly fivefold jump in third-quarter profit, driven by computing infrastructure and overseas operations.
For the first nine months, computing-related revenue surged over 70% and accounted for 38% of total sales.
The surge in computing infrastructure, consumer terminals, and international sales helped counter a slump in capital expenditure by domestic telecoms carriers.
Net profit attributable to shareholders reached 1.31 billion yuan, up 395% from a year earlier.