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

ZTE CORPORATION

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ZTE : Swings to a Profit in 2019

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03/29/2020 | 09:19pm EDT

By Ben Otto

ZTE Corp. swung to a profit in 2019 on revenue growth from carriers' networks as well as both domestic and international operations.

The Chinese telecom-equipment maker's net profit for the year rose to 5.15 billion Chinese yuan ($725.7 million), it said in a disclosure late Friday. ZTE had posted a loss of CNY6.98 billion in 2018 due to U.S. fines.

Operating revenue for the year rose 6.1% to CNY90.74 billion, the company said.

The group said its gross profit margin for 2019 was 37.2%, improving by 4.3 percentage points from 2018, and noted growth in operating revenue from carriers' networks.

For the fourth quarter, ZTE recorded a net profit of CNY1.02 billion on revenue of CNY26.50 billion.

 

Write to Ben Otto at ben.otto@wsj.com

 

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Financials (CNY)
Sales 2020 105 B
EBIT 2020 8 087 M
Net income 2020 5 616 M
Finance 2020 6 732 M
Yield 2020 0,75%
P/E ratio 2020 30,2x
P/E ratio 2021 24,0x
EV / Sales2020 1,45x
EV / Sales2021 1,26x
Capitalization 159 B
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Technical analysis trends ZTE CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 42,08 CNY
Last Close Price 37,53 CNY
Spread / Highest target 52,4%
Spread / Average Target 12,1%
Spread / Lowest Target -36,1%
EPS Revisions
Managers
NameTitle
Ziyang Xu President, CEO & Executive Director
Da Xiong Xie Chairman-Supervisory Board
Zi Xue Li Chairman
Li Ying Chief Financial Officer & Executive Vice President
Jun Feng Wang Member-Supervisory Board
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