ZTE Corporation provided preliminary earnings guidance for the full year ended December 31, 2018. For the year, the company expects net loss attributable to holders of ordinary shares of the listed company to be of RMB 6,200,000,000 to RMB 7,200,000,000. Basic loss per share expected to be in the range of RMB 1.48 to RMB 1.72. The substantial decrease in results for the period from January to December 2018 compared to the same period last year was mainly attributable to: the USD 1 billion penalty mentioned in the inside information announcement and resumption of trading published by the Company on 12 June 2018; operating losses and provision for losses resulting from the suspension of the major operating activities of the Company as referred in inside information announcement published by the Company on 9 May 2018.