The Zhitong Finance App learned that ZTE (00763) rose nearly 8% in early trading. As of press release, it rose 7.23% to HK$20.48, with a turnover of HK$113 million.

According to the news, ZTE announced that in the first three quarters, it achieved operating revenue of 116.838 billion yuan, an increase of 16.23% over the previous year; net profit of 4,060 billion yuan, a year-on-year decrease of 23.71%. Revenue for the third quarter was 38.813 billion yuan, up 33.99% year on year; net profit was 1,307 billion yuan, up 394.46% year on year, down 9% month on month.

It is worth noting that the computing power business has become an important support for ZTE's revenue growth: revenue from computing power products increased by more than 70% year on year, accounting for 38% of total revenue; revenue from server and storage products increased by more than 70% year on year, and revenue from data center products increased by nearly 130% year on year.

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