--- title: "BRIEF: ZTE first quarter profit tumbles on forex swing" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/284248327.md" description: "中兴通讯；周五宣布，第一季度收入同比增长 6.1%，约为 350 亿元人民币（51.2 亿美元）。但净利润暴跌 46.6%，降至 13.1 亿元人民币，剔除非经常性项目后的净利润也下降 52.2%，约为 9.36 亿元人民币。公司指出，利润下滑的原因包括外汇波动导致的 341 万元人民币的净支出，以及资产减值损失几乎翻倍，主要由于库存减值和应收账款的准备金增加。" datetime: "2026-04-27T16:20:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284248327.md) - [en](https://longbridge.com/en/news/284248327.md) - [zh-HK](https://longbridge.com/zh-HK/news/284248327.md) --- # BRIEF: ZTE first quarter profit tumbles on forex swing Telecoms equipment maker **ZTE Corp.** (0763.HK; 000063.SZ) **announced** on Friday its revenue rose 6.1% year-on-year to about 35 billion yuan ($5.12 billion) in the first quarter. But its net profit plunged 46.6% to 1.31 billion yuan, as its net profit excluding non-recurring items also fell 52.2% to about 936 million yuan. The company cited several factors for the profit plunge. On the financial side, foreign exchange fluctuations led to a net expense of 341 million yuan in the latest quarter, reversing a 340 million yuan net gain a year earlier. Asset impairment losses rose to nearly 239 million yuan, almost doubling year-on-year, mainly due to increased provisions for inventory write-downs and receivables. Other income, including government subsidies, dropped from 805 million yuan in the same period last year to 373 million yuan in the latest quarter. The company’s operating cash flow during the latest quarter turned to a net outflow of about 1.98 billion yuan, compared with a net inflow of 1.85 billion yuan a year earlier. ZTE’s shares opened lower on Monday but rebounded, trading at HK$26 by the midday break, up 7.26%. _By Lee Shih Ta_ _To subscribe to Bamboo Works weekly free newsletter, click_ _here_ ### 相关股票 - [00763.HK](https://longbridge.com/zh-CN/quote/00763.HK.md) - [000063.CN](https://longbridge.com/zh-CN/quote/000063.CN.md) - [512760.CN](https://longbridge.com/zh-CN/quote/512760.CN.md) - [159695.CN](https://longbridge.com/zh-CN/quote/159695.CN.md) - [515880.CN](https://longbridge.com/zh-CN/quote/515880.CN.md) - [512480.CN](https://longbridge.com/zh-CN/quote/512480.CN.md) - [NXTG.US](https://longbridge.com/zh-CN/quote/NXTG.US.md) - [159801.CN](https://longbridge.com/zh-CN/quote/159801.CN.md) - [159995.CN](https://longbridge.com/zh-CN/quote/159995.CN.md) - [588170.CN](https://longbridge.com/zh-CN/quote/588170.CN.md) - [159325.CN](https://longbridge.com/zh-CN/quote/159325.CN.md) - [159583.CN](https://longbridge.com/zh-CN/quote/159583.CN.md) - [515050.CN](https://longbridge.com/zh-CN/quote/515050.CN.md) - [ZTCOY.US](https://longbridge.com/zh-CN/quote/ZTCOY.US.md) ## 相关资讯与研究 - [高盛：降中兴通讯目标价至 37.5 港元 首季毛利率受压惟计算业务增长强劲](https://longbridge.com/zh-CN/news/284290186.md) - [出海、迭代、缺货、缺钱：光通信景气周期背后的四道坎](https://longbridge.com/zh-CN/news/284312033.md) - [图灵量子仅隔 3 个月再获数亿元融资，国家级引导基金联合上海浦东国资领投](https://longbridge.com/zh-CN/news/284323318.md) - [2026 北京车展：外资退守，中资进击，中国汽车进入 “主场时代”](https://longbridge.com/zh-CN/news/284501930.md) - [国芯 + 国模！DeepSeek 适配国产芯片 AI 算力底座迈向多样化](https://longbridge.com/zh-CN/news/284204364.md)