On September 21, ZTE rose 3.33% in regular trading, trading at HK$23.66/share, with turnover of HK$66.54 million. The rally came amid broad-based strength across the communications equipment sector, coinciding with the upcoming 10th Future Network Development Conference.

The communications equipment sector saw collective gains on the session, with TRIGIANT surging 14.58%, COMBA climbing 13.33%, and YOFC advancing 3.22%. ZTE, as a headline exhibitor at the conference, has recently intensified its push into space-air-ground-sea integrated communications and computing-network convergence. The company also recently partnered with China Unicom to build a full-stack, full-domain computing-network convergence capability system, with CEO Xu Ziyang stating the AI era is transitioning from an internet of people to an internet of intelligence.

On the fundamental side, ZTE reported H1 revenue of RMB 78.03 billion, up 9.05% year-over-year, with computing power revenue accounting for over 35% of total sales. However, net profit attributable to shareholders fell 45.57% to RMB 2.75 billion, as margin compression from the shift toward lower-margin computing products weighed on profitability.

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