Huaxi Securities maintains the overweight rating of ZTE: the asset structure continues to optimize and actively deploys the second growth curve – yqqlm

　　West China SecuritiesPosted on March 9thResearch reportsay, maintainZTE(000063.SZ, latest price: 25.35 yuan) Overweight rating.The reasons for the rating mainly include: 1) In terms of products, thanks to the increase in revenue from government and enterprise business and consumer business over the same period of the previous year, each productOperating income2) In terms of regions, domestic business achieved revenue, grossinterest rateDouble growth, foreign businesses rely on 4G and fixed network upgrades to achieve positive revenue growth; 3) In terms of cash flow, market demand continues to rise, and cash flow is obtained from sales of goods; 4) Assets, stable development under the epidemic, and cash operating index continued to improve. Risk reminder: 5G demand is lower than expected, operators’ willingness to continue to invest is reduced; global geopolitical uncertainties affect business development; new business development is less than expected; systemic risks.

AI comments:ZTE9 copies in the past monthbrokerageThe research report paid attention to 7 companies and increased their holdings in 2 companies. The average target price was 52.69 yuan, which was 27.34 yuan higher than the latest price of 25.35 yuan, and the average target price increased by 107.85%.

(Article source: Daily Economic News)

Article source: Daily Economic News

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Original title: Huaxi Securities maintains the overweight rating of ZTE: the asset structure continues to optimize, and the second growth curve is actively deployed