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    000063   CNE000000TK5

ZTE CORPORATION

(000063)
  Report
End-of-day quote Shenzhen Stock Exchange  -  2023-01-19
27.36 CNY   +2.05%
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US FCC bans sales, import of Chinese tech from Huawei, ZTE

11/25/2022 | 04:33pm EST

WASHINGTON (AP) — The U.S. is banning the sale of communications equipment made by Chinese companies Huawei and ZTE and restricting the use of some China-made video surveillance systems, citing an “unacceptable risk” to national security.

The five-member Federal Communications Commission said Friday it has voted unanimously to adopt new rules that will block the importation or sale of certain technology products that pose security risks to U.S. critical infrastructure. It's the latest in a years-long escalation of U.S. restrictions of Chinese technology that began with President Donald Trump and has continued under President Joe Biden's administration.

“The FCC is committed to protecting our national security by ensuring that untrustworthy communications equipment is not authorized for use within our borders, and we are continuing that work here,” said FCC Chairwoman Jessica Rosenworcel, a Democrat, in a prepared statement.

Huawei declined comment Friday. Along with Huawei and ZTE, the order affects products made by companies such as Hikvision and Dahua, makers of widely used video surveillance cameras.

The FCC's order applies to future authorizations of equipment, though the agency leaves open the possibility it could revoke previous authorizations.

“Our unanimous decision represents the first time in FCC history that we have voted to prohibit the authorization of new equipment based on national security concerns,” tweeted Brendan Carr, a Republican FCC commissioner.

Carr added that as “a result of our order, no new Huawei or ZTE equipment can be approved. And no new Dahua, Hikvision, or Hytera gear can be approved unless they assure the FCC that their gear won’t be used for public safety, security of government facilities, & other national security purposes.”

Hikvision said in a statement that its video products “present no security threat” to the U.S. but the FCC’s decision “will do a great deal to make it more harmful and more expensive for US small businesses, local authorities, school districts, and individual consumers to protect themselves, their homes, businesses and property.”

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

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Analyst Recommendations on ZTE CORPORATION
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Financials
Sales 2022 129 B 19 089 M 19 089 M
Net income 2022 8 543 M 1 259 M 1 259 M
Net cash 2022 12 717 M 1 875 M 1 875 M
P/E ratio 2022 15,2x
Yield 2022 1,30%
Capitalization 122 B 17 990 M 17 990 M
EV / Sales 2022 0,84x
EV / Sales 2023 0,73x
Nbr of Employees 72 584
Free-Float 74,6%
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Technical analysis trends ZTE CORPORATION
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 17
Last Close Price 27,36 CNY
Average target price 35,70 CNY
Spread / Average Target 30,5%
EPS Revisions
Managers and Directors
Zi Yang Xu President, CEO & Executive Director
Ying Li Chief Financial Officer & Executive Vice President
Da Xiong Xie Chairman-Supervisory Board
Zi Xue Li Chairman
Xi Yu Wang EVP-Chief Technology Officer & CIO
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