ZTE Corporation

0763
Failed

Company Overview

The company is a leading global provider of integrated communications solutions. The company was founded in 1985 and is a large-scale communication equipment company listed in Hong Kong and Shenzhen. By providing innovative technology and product solutions to telecom operators and enterprise network customers in more than 160 countries and regions around the world, the company allows users around the world to enjoy comprehensive communication such as voice, data, multimedia, and wireless broadband. The Group is committed to providing customers with satisfactory ICT products and solutions, integrating “design, development, production, sales and service”, focusing on “operator networks, government business, and consumer business”. Carrier networks: Focus on the evolving needs of operator networks and provide innovative technology and product solutions such as wireless access, wired access, carrier networks, core networks, and telecommunications software systems and services. Government business: Focus on the needs of government and enterprise customers, and provide various information solutions for the government and enterprises based on “communication networks, Internet of Things, big data, cloud computing” and other products. Consumer business: Focusing on the intelligent experience of consumers, we develop, produce and sell products such as smartphones, mobile data terminals, home information terminals, integrated innovative terminals, etc., as well as related software applications and value-added services. Corporate honors include “Top 70 Global Innovative Companies” and “Top 50 Global ICT Companies”.

Country
HK
Market Cap
$10.69B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
3.72% passed
5% Threshold
3.7%
Liabilities Compliance
78.08% failed
33% Threshold
78.1%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name ZTE Corporation
Ticker 0763
Main Business Communication Equipment
Type Common Stock
Industry Communication Equipment
Country HK
Market Cap $10.69 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Operator network $40,810.0 $0.0 -
Consumer business $14,020.0 $0.0 -
Government and enterprise business $5,880.0 $0.0 -
Interest income $2,439.8 $2,439.8 -
Total $63,149.8 $2,439.8 3.72% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
short term borrowing $1,058,823,529.4 9.91%
notes payable $1,322,128,851.5 12.37%
long term bank loan $5,963,585,434.2 55.80%
Total Interest-Bearing Debt $8,344,537,815.1 78.08%
Market Capitalization $10,687,589,743.6 100.00%
Compliance Status Threshold: 33% failed