<div id="readability-page-1">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</div>

中興通訊

國泰CES半導體芯片行業ETF

中興通訊；週五宣佈，第一季度收入同比增長 6.1%，約為 350 億元人民幣（51.2 億美元）。但淨利潤暴跌 46.6%，降至 13.1 億元人民幣，剔除非經常性項目後的淨利潤也下降 52.2%，約為 9.36 億元人民幣。公司指出，利潤下滑的原因包括外匯波動導致的 341 萬元人民幣的淨支出，以及資產減值損失幾乎翻倍，主要由於庫存減值和應收賬款的準備金增加。

BambooWorks

嘉實國證通信ETF

國泰中證全指通信設備ETF

國聯安半導體ETF

Indxx NextG ETF - First Trust

廣發國證半導體芯片ETF

華夏國證半導體芯片ETF

華夏上證科創板半導體材料設備主題ETF

南方中證半導體行業精選ETF

富國中證通信設備主題ETF

華夏中證5G通信主題ETF

中興通訊(ADR)

BRIEF: ZTE first quarter profit tumbles on forex swing