Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
ZTE CORPORATION
中 興 通 訊 股 份 有 限 公 司
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 763)
2021 FIRST QUARTERLY REPORT
This announcement is published simultaneously in the Mainland in accordance with the Rules Governing Listing of Stocks on The Shenzhen Stock Exchange and in Hong Kong in accordance with the disclosure obligations under Rule 13.09(2) and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the inside information provisions set out in Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
§1 IMPORTANT
- The Board of Directors, Supervisory Committee and the Directors, Supervisors and senior management of ZTE Corporation ("ZTE" or the "Company") warrant that the contents of this quarterly report are true, accurate and complete without false information, misleading statements or material omissions, and collectively and individually accept responsibility therefor.
- There are no Directors, Supervisors and senior management who do not warrant or who dispute the truthfulness, accuracy and completeness of the contents of this quarterly report.
- This quarterly report has been considered and approved at the Thirty-fourth Meeting of the Eighth Session of the Board of Directors of the Company.
- The financial statements contained in this quarterly report are unaudited. The financial information contained in this quarterly report has been prepared in accordance with PRC Accounting Standards for Business Enterprises ("PRC ASBEs").
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- Mr. Li Zixue, Chairman of the Company, Ms. Li Ying, Chief Financial Officer of the Company and Mr. Xu Jianrui, Head of Finance Division of the Company, hereby declare that they warrant the truthfulness, accuracy and completeness of the financial statements contained in this quarterly report.
- China Securities Journal, Securities Times, Shanghai Securities News and http://www.cninfo.com.cn are designated media for the Company's information disclosure. Investors should beware of investment risks.
§2 CORPORATE INFORMATION
2.1 Major Accounting Data and Financial Indicators
2.1.1 Major Accounting Data and Financial Indicators of the Company and its subsidiaries (the "Group")
- Statement on retrospective adjustments to or restatement of accounting data for the previous year by the Company because of changes in accounting policies or for the rectification of accounting errors
- Applicable √ N/A
- Information relating to adjustments to the financial statement as at the beginning of the year of initial adoption of the New ASBE on Leases adopted for the first time in 2021
- Applicable √ N/A
The Company has adopted the New ASBE on Leases since 1 January 2019.
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- Statement on retrospective adjustments to comparative data of periods prior to the initial adoption of the New ASBE on Leases in 2021
- Applicable √ N/A
Change as at | |||
the end of | |||
the reporting | |||
As at the end of | As at the end of | period compared | |
the reporting period | last year | with the end of | |
Item | (31 March 2021) | (31 December 2020) | last year |
Total assets (RMB in thousands) | 155,551,952 | 150,634,906 | 3.26% |
Owners' equity attributable to | |||
holders of ordinary shares of | |||
the listed company (RMB in | |||
thousands) | 45,826,894 | 43,296,808 | 5.84% |
Total share capital | |||
(thousand shares) | 4,613,435 | 4,613,435 | - |
Net assets per share attributable | |||
to holders of ordinary shares of | |||
the listed company | |||
(RMB/share) | 9.93 | 9.39 | 5.75% |
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The reporting | Same period | ||
period | last year | ||
(Three months | (Three months | Change compared | |
ended | ended | with the same | |
Item | 31 March 2021) | 31 March 2020) | period last year |
Operating revenue | |||
(RMB in thousands) | 26,241,647 | 21,484,493 | 22.14% |
Net profit attributable to holders | |||
of ordinary shares of the listed | |||
company (RMB in thousands) | 2,181,649 | 779,988 | 179.70% |
Net profit after extraordinary | |||
items attributable to holders | |||
of ordinary shares of the listed | |||
company (RMB in thousands) | 788,120 | 160,155 | 392.10% |
Net cash flow from operating | |||
activities (RMB in thousands) | 2,388,242 | 372,361 | 541.38% |
Net cash flow from operating | |||
activities per share | |||
(RMB/share) | 0.52 | 0.08 | 550.00% |
Basic earnings per share | |||
(RMB/share) Note 1 | 0.47 | 0.18 | 161.11% |
Diluted earnings per share | |||
(RMB/share) Note 2 | 0.47 | 0.18 | 161.11% |
Weighted average return on | Increased by 2.67 | ||
net assets (%) | 4.90% | 2.23% | percentage points |
Weighted average return on net | |||
assets after extraordinary items | Increased by 1.31 | ||
(%) | 1.77% | 0.46% | percentage points |
Note 1: Basic earnings per share for the reporting period and the three months ended 31 March 2020 have been calculated on the basis of the weighted average number of ordinary shares in issue as at the end of the respective periods;
Note 2: As the 2017 share options granted by the Company have given rise to 17,779,000 and 23,566,000 potentially dilutive ordinary shares for the three months ended 31 March 2021 and three months ended 31 March 2020, respectively, dilutive earnings per share have been calculated on the basis of basic earnings per share taking into account the said factor.
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Extraordinary item
Extraordinary item
Non-operating income, other income and others Gains/(Losses) from fair value change Investment income
Less: Loss on disposal of non-current assets
Less: Other non-operating expenses
Less: Asset impairment loss
Less: Effect of income tax
Less: Effect of non-controlling interests (after tax)
Total
Unit: RMB in thousands
Amount from the beginning of the year to the end of the reporting period
628,219
212,060
816,419
(47,494)
44,699
16,069
246,514
3,381
1,393,529
2.2 Total number of shareholders and shareholdings of top 10 shareholders and top 10 holders of shares not subject to lock-up of the Company as at the end of the reporting period
Total number of shareholders
As at 31 March 2021 There were 614,738 shareholders in total (comprising 614,425 holders of A shares and 313 holders of H shares)
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ZTE Corporation published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 10:23:01 UTC.