Shares of ZTE rise despite expectations of a loss of $ 1.3 million in the first half of this year

ZTE Company

The lifting of the US Department of Commerce embargo on the company ZTE which allows it to deal with manufacturers of America last week. And reach a resolution after that enable the company ZTE from the payment of more than $ 1.4 million as fines and replacement of all of the members of its Board of Directors and key staff.

The decision as good news for the stock market in Hong Kong and Shenzhen, where the company’s shares by 15%. The company ZTE in the calculation of its official social network of Chinese Weibo that she intends to ” launch with confidence“, even if the financial estimates for the first half of 2018, suggesting a loss of 9 million RMB, equivalent to $ 1.3 million.

As ZTE released a statement on social media Chinese, and revealed their plans to continue the work in the submitted material, including research and development, product launches, and support. Select one of the analysts of Zhongtai Securities to the website of Bloomberg , noting that the financial estimates have led to market decline, which reflected concerns about the contraction of spending due to the issue of ZTE, and trade relations after China and the United States.

Not able to ZTE Corporation from solving its crisis with the United States government, we hope to see the phone ZTE Nubia Z18 with dual display, and a series phones ZTE Axon 9 by the end of this year. It should include a phone Nubia flagship next screen free of the frame and some entirely new technologies.

 

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