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ZTE ( (HK:0763) ) just unveiled an announcement.
ZTE has approved a Zhongxingxin Purchase Framework Agreement under which its group may procure a broad range of raw materials and components from Zhongxingxin Group during 2026, covering items such as wiring equipment, optical and antenna parts, printed circuit components, industrial imaging gear and batteries used across its business lines. As Zhongxingxin is ZTE’s controlling shareholder, the arrangement constitutes a continuing connected transaction under Hong Kong and Shenzhen listing rules; however, because the relevant percentage ratios for the 2026 annual caps fall between 0.1% and 5%, the agreement is subject only to reporting, annual review and announcement requirements and is exempt from independent shareholder approval, with purchases to be made strictly through ZTE’s existing qualification and competitive tender processes that treat connected and independent suppliers on the same basis.
The most recent analyst rating on (HK:0763) stock is a Hold with a HK$29.00 price target. To see the full list of analyst forecasts on ZTE stock, see the HK:0763 Stock Forecast page.
More about ZTE
ZTE Corporation is a major Chinese telecommunications equipment and technology company that manufactures and supplies network infrastructure, devices and related components to global operators and enterprise customers. The group’s operations span multiple business segments, requiring a wide variety of specialised raw materials and electronic, optical and industrial components sourced through a structured supplier qualification and bidding system.
Average Trading Volume: 35,395,830
Technical Sentiment Signal: Buy
Current Market Cap: HK$185.2B
Learn more about 0763 stock on TipRanks’ Stock Analysis page.