On March 23, ZTE announced that,The company received a court judgment on March 22, 2022 (US time), ruling that the probation period of ZTE should not be revoked (that is, the probation period will expire on March 22, 2022 (US time) as originally scheduled) without additional Any penalties and confirmation that the Ombudsman’s term will end on March 22, 2022 (US time).

After the company’s application to the Shenzhen Stock Exchange, the company’s A shares will resume trading on the afternoon of March 23, 2022.

At the same time, ZTE announced on the Hong Kong Stock Exchange that it has applied to the Hong Kong Stock Exchange to resume trading of the company’s H shares on the Stock Exchange from 1:00 pm on March 23, 2022.

The resumption of trading in ZTE’s Hong Kong stocks has risen in a straight line, with an intraday rise of more than 50%; A-shares opened with a daily limit.

This also means,The five-year supervision period for ZTE to be sanctioned by the U.S. for the first time expires without any additional penalties, and the supervisor will leave.

On the evening of March 8, ZTE released its 2021 annual report, showing that in 2021, ZTE will achieve an operating income of 114.52 billion yuan, a year-on-year increase of 12.9%, a net profit of 6.81 billion yuan, a year-on-year increase of 59.9%, and a non-net profit of 3.31 billion yuan. A year-on-year increase of 219.2%, the basic earnings per share was 1.47 yuan, and the net cash flow from operating activities was 15.72 billion yuan, a year-on-year increase of 53.7%.

ZTE said that 2021 is the final year of the company’s strategic development period. In the face of the new crown epidemic and the complex external environment, the company will deepen its digital transformation while consolidating its core competitiveness, and continue to expand its capabilities and transaction boundaries. While maintaining good growth in various businesses, the quality of operations has improved significantly, and core financial indicators such as operating income, net profit, and net operating cash flow have all hit record highs.

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