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中興通訊(00763.HK):美國FCC禁令對業務影響有限
阿思達克 03-22 16:46
美國聯邦通信委員會(FCC)早前宣布,將華為及中興通訊(00763.HK)等五間中國企業列入危害國家安全的制裁名單。中興董事長李自學指,有關禁令主要涉及當地通訊網絡基建的設備替換,對公司影響有限,又強調中興一直致力成為規範經營的國際化公司,就海外佈局將持穩健方針,不盲目擴張。

李自學指,去年及今年為5G發展期,國內發展將繼續為5G規模化做好準備,堅持技術為先,保持高強度研發投入,以確保產品領先地位。執行副總裁兼財務總監李瑩補充,2019至2021年為5G芯片投入高峰期,預期今年研發投入總額仍會持續上升,但增長速度將放緩,相信進入良性階段,業務增長可自行帶動研發投入,體現規模效應。

去年毛利率按年下跌5.56個百分點至31.61%,李瑩解釋,去年為中國5G建設元年,設備集中採購毛利率偏低,令毛利率下降,但整體毛利率水平自去年第二季起已經按季改善,除內地運營商網絡業務外,國外運營商網絡、政企及消費者業務的毛利率介乎持平至上升。

全球半導體短缺,總裁徐子陽指出,突如其來的供應短缺對行業所有參與者均有影響,公司前期從戰略合作夥伴手上取得穩定供應,目前主要原料已儲備20周至30周存貨,現階段影響可控。

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