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          MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  ZTE Corporation    000063   CNE000000TK5

          ZTE CORPORATION

          (000063)
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          Japan, U.S. to set up economic security dialogue - Yomiuri

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          05/15/2020 | 11:07pm EDT

          Japan and the United States will set up a dialogue on economic security that will discuss 5G mobile-phone networks and the export of civilian technology that also has military use, the Yomiuri newspaper reported on Saturday.

          U.S. President Donald Trump's administration on Friday moved to block global chip supplies to Chinese 5G equipment giant Huawei Technologies.

          Japan's Cabinet Secretariat, the U.S. National Security Council and the U.S. Commerce Department are expected to participate and could hold their first meeting by the end of the year, the Yomiuri said, citing unnamed sources.

          Officials at Japan's Foreign Ministry could not immediately be reached for comment on Saturday.

          The United States has blacklisted Huawei, saying the company's 5G equipment could provide a back door for Chinese government espionage. Huawei, the world's largest telecom equipment maker, has denied this claim.

          The U.S. government has also discouraged other countries from using Huawei's gear to build their 5G mobile phone networks as part of a larger battle for global technological dominance between the world's two largest economies.

          Japan's government has decided to effectively exclude Huawei and rival Chinese telcom equipment maker ZTE Corp ZTE from public procurement, and the country's top three telcos have followed suit.

          (Reporting by Stanley White; Editing by William Mallard)

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          LINE CORPORATION 0.00% 5370 End-of-day quote.0.37%
          THE GLOBAL LTD. -0.52% 192 End-of-day quote.-59.24%
          THE NEW HOME COMPANY INC. 3.69% 4.21 Delayed Quote.-12.88%
          WORLD CO., LTD. 3.45% 1470 End-of-day quote.-45.37%
          ZTE CORPORATION 0.06% 33.63 End-of-day quote.-4.97%
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          Financials
          Sales 2020 103 B 15 201 M 15 201 M
          Net income 2020 5 257 M 779 M 779 M
          Net cash 2020 8 150 M 1 207 M 1 207 M
          P/E ratio 2020 27,8x
          Yield 2020 0,98%
          Capitalization 142 B 21 052 M 21 059 M
          EV / Sales 2020 1,31x
          EV / Sales 2021 1,11x
          Nbr of Employees 70 066
          Free-Float 68,6%
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          Mean consensus OUTPERFORM
          Number of Analysts 24
          Average target price 42,80 CNY
          Last Close Price 33,63 CNY
          Spread / Highest target 65,9%
          Spread / Average Target 27,3%
          Spread / Lowest Target -21,2%
          EPS Revisions
          Managers
          NameTitle
          Ziyang Xu President, CEO & Executive Director
          Da Xiong Xie Chairman-Supervisory Board
          Zi Xue Li Chairman
          Li Ying Chief Financial Officer & Executive Vice President
          Jun Feng Wang Member-Supervisory Board
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