Changes in Hong Kong stocks | ZTE (00763) rose more than 5%, the second generation of the “Douban phone” is about to debut, and Damo is optimistic that it will usher in a key inflection point

The Zhitong Finance App learned that ZTE (00763) rose by more than 5%. As of press release, it had risen 5.18% to HK$25.98, with a turnover of HK$506 million.

According to the news, Ni Fei, president of ZTE's terminal division, said on social platforms a few days ago that Nubia will launch “the world's first AI smart phone” and make its debut at the World Artificial Intelligence Conference, which opens on July 17. A media reporter learned from people familiar with the matter that the AI smart phone Ni Fei is referring to is the second generation “bean bag phone.”

Huatai Securities pointed out earlier that it is optimistic that the company's full-stack layout in the field of computing power will be reaped in the long-term. As future computing power chips complete the introduction of products and customers, the company's profitability on the government and enterprise side is expected to improve. Damo previously believed that the company's key inflection point will occur in the second half of 2026, when the low base effect will support profits to return to positive growth. As investors' focus shifts to the recovery phase, superimposed AI catalysts reappear, and there may be a revaluation.