--- title: "BRIEF: ZTE first quarter profit tumbles on forex swing" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/284248327.md" description: "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。" 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_ ### 相關股票 - [00763.HK](https://longbridge.com/zh-HK/quote/00763.HK.md) - [000063.CN](https://longbridge.com/zh-HK/quote/000063.CN.md) - [512760.CN](https://longbridge.com/zh-HK/quote/512760.CN.md) - [159695.CN](https://longbridge.com/zh-HK/quote/159695.CN.md) - [515880.CN](https://longbridge.com/zh-HK/quote/515880.CN.md) - [512480.CN](https://longbridge.com/zh-HK/quote/512480.CN.md) - [NXTG.US](https://longbridge.com/zh-HK/quote/NXTG.US.md) - [159801.CN](https://longbridge.com/zh-HK/quote/159801.CN.md) - [159995.CN](https://longbridge.com/zh-HK/quote/159995.CN.md) - [588170.CN](https://longbridge.com/zh-HK/quote/588170.CN.md) - [159325.CN](https://longbridge.com/zh-HK/quote/159325.CN.md) - [159583.CN](https://longbridge.com/zh-HK/quote/159583.CN.md) - [515050.CN](https://longbridge.com/zh-HK/quote/515050.CN.md) - [ZTCOY.US](https://longbridge.com/zh-HK/quote/ZTCOY.US.md) ## 相關資訊與研究 - [《外資精點》高盛下調中興通訊目標價 7%，削 3 年毛利率及盈利預測](https://longbridge.com/zh-HK/news/284146870.md) - [【763 業績】中興通訊首季少賺 46% 遜預期](https://longbridge.com/zh-HK/news/283994574.md) - [台股科技業績驚人，半導體與 PCB 市場持續攀升，AI 需求引領新機遇](https://longbridge.com/zh-HK/news/284182241.md) - [志聖率隊 G2C+ 聯盟 參與台積電慈善基金會積木營](https://longbridge.com/zh-HK/news/284471356.md) - [小米最強模型來了！羅福莉擊敗 DeepSeek-V4 首日直連 5 大中國國產晶片](https://longbridge.com/zh-HK/news/284317586.md)