Changes in Hong Kong stocks | ZTE (00763) rose more than 8% in early trading. The company will release interim results today. The market is concerned about Byte AI's hardware side related layout

The Zhitong Finance App learned that ZTE (00763) rose more than 8% in early trading. As of press release, it had risen 5.45% to HK$37.12, with a turnover of HK$1,292 billion.

According to the news, ZTE will release the 2025 semi-annual report on August 28. Furthermore, recently, there was market news that ByteDance is developing an AI phone “bean bag phone.” In response to this, ByteDance said in response to the Science and Technology Innovation Board Daily that the relevant information is untrue. Doubao currently has no plans to launch its own mobile phone products. Doubao continues to explore and open up its AI capabilities to various hardware vendors, including mobile phones. In the process, it will test complete solutions with some partners, but none of the cooperation involves the development and launch of its own mobile phone products.

Huachuang Securities pointed out that Byte is developing AI phones, and ZTE may be OEM for ODM. The bank pointed out that ZTE already has a deep technical heritage in hardware design, R&D, and production, and that AI technology, as a system-level capability, can also greatly broaden the application boundaries of AI models, thus completing implementation in more application scenarios. It is recommended to focus on relevant mobile phone R&D progress and related incremental market capitalization space brought to partners such as ZTE.