Minsheng Securities maintains ZTE’s recommendation rating: performance in line with expectations, gross profit margin improved significantly, and expense structure continued to optimize – Xinhua English.news.cn

people’s livelihoodsecuritiesPosted on March 9thResearch reportsay, maintainZTE(000063.SZ, latest price: 25.35 yuan) Recommended rating.The reasons for the rating mainly include: 1) On the revenue side, the three major businesses in the two regions have grown, the fundamentals are stable, and the second growth curve has sufficient momentum; 2) Grossinterest rateYear-on-year improvement, profit growth can be expected in 22 years; 3) The expense structure is optimized, the R&D expense rate is increased, the sales expense rate is stabilized, and the management expense rate is decreased. Risk warning: The capital expenditure of operators is lower than expected, and the business expansion of government and enterprises is lower than expected.

AI comments:ZTE10 copies in the past monthbrokerageThe research report paid attention to 8 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: Minsheng Securities maintains ZTE’s recommendation rating: performance in line with expectations, gross profit margin improved significantly, and expense structure continued to optimize