ZTE's third reduction of national technology

Xinhua News (Reporter Gu Xiaoyu) yesterday, ZTE issued a bulletin that has passed the bulk trading system to sell national technology shares 2.6 million shares.　　This is the ZTE held the national technology restricted shares lifted since the lifting of the third large-scale reduction, three reduction of ZTE accumulated profit of 230 million yuan. The announcement, ZTE June 15 through the bulk trading system sold 2.6 million shares of national technology shares, selling an average price of 26.00 yuan/share, is expected to deduct costs and related transaction taxes after the net income of investment income of about 42 million yuan, accounting for the company's most recent audit net profit of 1.29%. Plus the previous May 24 to May 27, May 31 to June 13 between two times concentrated reduction, ZTE accumulated through the reduction of national technology set now 360 million yuan, profit 230 million yuan.　　ZTE currently holds a 17.95% per cent stake in national technology. Some analysts believe that ZTE focused on reducing the national technology, the intention is to make up for overseas expansion of the much-needed funding gap. In addition, when the company's performance did not meet the expected situation, the investment proceeds from selling shares can also be well adjusted for the current period of profits.