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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  ZTE Corporation    000063   CNE000000TK5

ZTE CORPORATION

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ZTE : CEO of ZTE resigns

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07/08/2018 | 07:27am EST

China-based telecommunications hardware company ZTE had to deal a string of setbacks in the past few months. The biggest blow came from the ban by the US although an agreement was reached to have it temporarily lifted. The agreement however entailed that some top ZTE executives resign, and in compliance CEO Cheng Lixin submitted his official resignation. Xu Ziyang has been named its next CEO.

Cheng Lixin had joined ZTE on 18 May 2010, and served as president of ZTE North America and CEO of ZTE USA until April 2017 before taking up the position of CEO for ZTE. During his stint he had brought the company to great heights becoming the fifth biggest smartphone maker. The achievement had earned him the new position he held until his resignation.

Source: My News Driver

(c) Mobile88.com 2018. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (CNY)
Sales 2018 89 303 M
EBIT 2018 2 402 M
Net income 2018 -6 096 M
Finance 2018 12 871 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 24,77
EV / Sales 2018 0,98x
EV / Sales 2019 0,82x
Capitalization 100 B
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 22,3  CNY
Spread / Average Target -12%
EPS Revisions
Managers
NameTitle
Ziyang Xu Chief Executive Officer & Executive Director
Da Xiong Xie Chairman-Supervisory Board
Zixue Li Chairman
Li Ying Chief Financial Officer & Executive Vice President
Hui Jun Xu Chief Technology Officer & Executive VP
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