The file photo shows the logo of ZTE Corp, a Chinese telecom equipment maker. [Photo: kkj.cn]

Shares of ZTE have tumbled 14 percent today after the Chinese telecom giant resumed trading in the Hong Kong exchange.

ZTE share are once-again active after the company was suspended from trading in Hong Kong for a month on March 7th.

That was when the US Commerce Department banned US companies from selling components to ZTE, claiming the Chinese company sold prohibited items to Iran.

ZTE shares tanked today, despite the company reporting a 22 percent gain in net profits last year just yesterday.

ZTE earned over 490 US dollars last year.

In making the earnings announcement, the company also confirmed Zhao Xianming as its new chair, replacing the retired Hou Weigui.