Group 1 - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (00728) at 71.84%, Green Power Environmental (01330) at 69.15%, and China Shenhua (01088) at 68.07% [1] - The latest holding ratio rankings for the top 20 companies show significant ownership levels, with companies like Kaisa New Energy (01108) and COSCO Shipping Energy (01138) also exceeding 67% [1] - The recent five trading days saw Alibaba-W (09988) leading in increased holdings with a rise of 143.50 billion, followed by Yingfu Fund (02800) with an increase of 41.59 billion [1][2] Group 2 - The companies with the largest decreases in holdings over the last five trading days include Meituan-W (03690) with a reduction of 12.14 billion, Great Wall Motors (02333) with a decrease of 8.01 billion, and Xiaomi Group-W (01810) with a drop of 7.57 billion [2] - Other notable companies experiencing significant reductions in holdings include Tencent Holdings (00700) and Li Auto-W (02015), with decreases of 4.65 billion and 4.06 billion respectively [2] - The data reflects a dynamic trading environment, with substantial shifts in investor sentiment towards various companies within the Hong Kong market [2]

来源：新浪基金∞工作室 最新定期报告显示，港股央企红利50ETF（520990）重仓股包括中国移动、中国石油股份、中远海控、 中国海洋石油、中国神华、中国石油化工股份、中国电信、中国联通、招商银行、中煤能源，持仓占比 如下。 9月17日，景顺长城中证国新港股通央企红利ETF（520990）收盘涨0.29%，成交额1.74亿元。 股票代码股票名称持仓占比持仓股数（股）持仓市值（元）00941中国移动10.83%621.75万4.94亿00857 中国石油股份10.55%7814.80万4.81亿01919中远海控9.66%3540.75万4.40亿00883中国海洋石油 9.03%2547.10万4.12亿01088中国神华8.09%1328.00万3.69亿00386中国石油化工股份7.66%9312.20万3.49 亿00728中国电信4.85%4348.80万2.21亿00762中国联通3.68%1980.20万1.68亿03968招商银行2.63%239.30 万1.20亿01898中煤能源2.57%1417.50万1.17亿 港股央企红利50ETF（520990）成立于2024年6月26日，基金全称为 ...

快查股权穿透数据显示，该公司为中国电信全资子公司。 快查APP显示，中国电信相关公司中电信数智科技有限公司于2025年9月17日发布一则招标信息，项目 名称为[集成总部]中电信数智科技有限公司2025-2027年天翼视频会议代加工设备集中招标项目招标公 告，预算金额为1095.55万元。 （来源：快查一企业中标了） ...

Investment Rating - The report maintains an "Overweight" rating for the communication industry [5]. Core Insights - The communication industry experienced steady revenue growth and accelerated profitability in H1 2025, with total revenue reaching 1,785 billion yuan, a year-on-year increase of 10.07%, and net profit attributable to shareholders at 160.43 billion yuan, up 11.26% year-on-year [2][8]. - In Q2 2025, the industry continued to show robust growth, with revenue of 942.48 billion yuan, reflecting a year-on-year increase of 10.91%, and net profit attributable to shareholders of 98.68 billion yuan, up 12.33% year-on-year [11]. - Key sectors such as optical modules, communication PCBs, network equipment manufacturers, and IoT modules demonstrated strong performance, ranking among the top five in revenue and net profit growth rates [14][16]. Summary by Sections 1. H1 2025 Performance Overview - The communication industry achieved total revenue of 1,785 billion yuan in H1 2025, with a year-on-year growth of 10.07%, and net profit attributable to shareholders of 160.43 billion yuan, up 11.26% year-on-year [2][8]. 2. AI Industry Chain Investment - Overseas cloud vendors are expected to maintain optimistic growth in capital expenditures, with a total of 95 billion USD in Q2 2025, marking an increase of 82.96% year-on-year [22]. - Major companies like Apple and Meta are significantly increasing their investments in AI infrastructure, indicating a robust outlook for the AI industry chain [22][24]. 3. Sector Performance Changes - The optical module and device sector reported revenue of 479.88 billion yuan in H1 2025, with a year-on-year increase of 64.88%, and net profit of 108.76 billion yuan, up 111.99% year-on-year [31]. - The communication PCB sector achieved revenue of 572.49 billion yuan in H1 2025, reflecting a year-on-year growth of 37.66%, and net profit of 80.58 billion yuan, up 80.79% year-on-year [36]. - The network equipment sector generated revenue of 5,071.11 billion yuan in H1 2025, with a year-on-year increase of 28.86%, and net profit of 191.84 billion yuan, up 19.57% year-on-year [40]. 4. Telecom Operators' Performance - The basic telecom operators' sector reported revenue of 10,133.93 billion yuan in H1 2025, a slight increase of 0.33% year-on-year, with net profit of 1,136.01 billion yuan, up 5.14% year-on-year [54]. - China Mobile's total connections reached 3.815 billion, with a net increase of 145 million, and its digital transformation revenue grew by 6.6% year-on-year [55].

Core Viewpoint - The development of communication infrastructure by China Telecom in Sichuan is transforming the lives of residents in remote areas, enhancing connectivity and enabling digital advancements in traditional industries like yak farming [1][2][4][6]. Group 1: Communication Infrastructure Development - The establishment of a "green zero-carbon machine room" has resolved long-standing communication issues for residents in Xiqiu Township, allowing them to connect easily with family and access vital information [2][5]. - Innovative solutions such as the "liquid temperature control lithium battery integrated system" have been implemented to overcome challenges like lack of electricity and high altitude, ensuring reliable communication services [2][3]. Group 2: Digital Transformation in Agriculture - The introduction of the "cloud ranch" concept is modernizing yak farming by integrating digital monitoring and electronic ear tags, enhancing management and productivity [6]. - A "digital agriculture and animal husbandry integration" platform has been developed, allowing real-time monitoring of yak herds and providing data-driven insights for better farming practices [6]. Group 3: Technological Innovation and Future Prospects - The distributed green computing cluster in Ganzi Prefecture is a pioneering initiative that utilizes local clean energy resources, reducing infrastructure costs by 50% and construction time to three months [4]. - The ongoing digitalization efforts are expected to further integrate remote areas into the digital economy, promoting regional coordination and common prosperity [8].

来源：IT时报 2025中国电信云计算研究院博士夏令营（上海站）活动侧记 作者／ IT时报记者 郝俊慧 编辑／ 钱立富 孙妍 上海的九月，秋意未浓，却迎来更甚于夏日的"秋老虎"。 9月5日早上8点多，气温已飙升至31摄氏度。中国电信首席科学家、云计算研究院院长吴杰早早赶到上海电信博物馆，等待14名博士生的到来。 国内的人才大战正如这天气一般"炙热"。华为、字节、腾讯、阿里巴巴……互联网大厂纷纷开出百万甚至更高年薪，向国内顶尖高校的优秀毕业 生抛出"橄榄枝"。 年轻的中国电信云计算研究院，同样求贤若渴。这些参加中国电信云计算研究院博士夏令营（上海站）的博士生，来自复旦大学、上海交通大 学、南京大学、中国科学技术大学、华中科技大学等国内顶尖高校，是吴杰与他的同事从1000多份简历中精心挑选而出，名副其实的"百里挑 一"。 9点10分，大巴车稳稳停在上海电信博物馆门前，一群年轻人走近这家"不按常理出牌"的央企研究院。 历史的起跑线 最清晰的未来，往往只有站在历史的起跑线上才能望得见。 转型的逻辑 然而，中国电信并不满足于此。 2024年底发布的《云计算研究白皮书》列出两张图表：一张是全球头部云厂商三年来在全球14个 ...

9月17日，中国电信跌0.57%，截至发稿，报6.96元/股，成交11.00亿元，换手率0.20%，总市值6368.90 亿元。中国电信股价已经连续4天下跌，区间累计跌幅5.05%。 资料显示，中国电信股份有限公司位于北京市西城区金融大街31号，成立日期2002年9月10日，上市日 期2021年8月20日，公司主营业务涉及中国电信股份有限公司是一家主要从事电信及相关业务的投资控 股公司。该公司提供综合资讯服务,包括固网与移动电信服务、互联网接入服务、资讯服务和其他增值 服务。该公司主要在中国国内市场开展业务。主营业务收入构成为：移动通信服务收入39.56%，产业 数字化服务收入27.78%，固网及智慧家庭服务收入23.80%，出售商品及其他收入7.54%，其他服务收入 1.32%。 从基金十大重仓股角度 数据显示，上银基金旗下1只基金重仓中国电信。上银数字经济混合发起式A（021593）二季度持有股 数5.57万股，与上期相比持股数量不变，占基金净值比例为3.15%，位居第五大重仓股。根据测算，今 日浮亏损失约2228元。连续4天下跌期间浮亏损失2.06万元。 惠军累计任职时间122天，现任基金资产总规模13 ...

北京商报讯（记者 魏蔚）9月16日，360与中国电信云南分公司联合发布"跨境业务安全服务平台"。该 平台深度融合360"以模制模"AI安全体系与电信国际通信资源，可实现从数据生成、传输、存储到应用 的全链路防护。同时对跨境电商、金融、算力服务等领域，平台可解决内容审核、AI诈骗防控、数据 传输安全等问题。 ...

近日，苹果发布的新品引发关注，其中，iPhone Air为史上最薄的iPhone。苹果表示，iPhone Air采用eSIM设计旨在节省内部空间，这引发国内消费者对eSIM 手机业务的关注。 苹果官网特别提醒，iPhone Air仅可通过eSIM激活，在中国大陆市场，仅部分运营商支持eSIM。苹果官方称，具体支持情况取决于运营商动态。 对此，三大运营商于9月10日给出回应。 中国联通客服表示，eSIM卡业务已在智能手表、平板电脑等产品上商用，针对手机eSIM业务，该公司计划在条件具备时开展商用试验，但目前尚未有正式 通知下发。不过，市场已有消息传出，中国联通将借助iPhone Air开启手机eSIM卡业务。 中国移动客服称，目前暂不支持手机eSIM业务，但后续会提供相关服务，具体情况将另行通知。有关人士指出，中国移动已支持eSIM手机业务办理，获批 后便会对外服务。 中国电信客服表示，目前未接到手机eSIM卡业务通知，建议用户后续关注。但中国电信投资者服务热线工作人员透露，中国电信和中国移动已向工信部提 交开展手机eSIM卡业务的申请，获批只是时间问题，而中国联通的手机eSIM卡业务或已获批。 另有中国电信相 ...

中国电信非洲中东公司总经理董自瑜表示，"阿曼眼"是中国电信"视联出海"战略的新实践，展现了中方在云、AI、终端及服务生态的一体化整合能力。 未来，中企将与全球伙伴共同推进视频技术的智能化、安全化与应用创新，共建数字未来。 人民网迪拜9月16日电 （记者管克江）近日，在第34届阿曼国际信息与通信技术展览会上，中国电信国际公司、天翼视联公司和阿曼电信联合推出 的"阿曼眼"视联网平台正式亮相。 据介绍，"阿曼眼"具备多项创新功能，可通过交互式地图实现全域监管点位的可视化管理和实时画面调度，有效提升阿曼相关部门的指挥与决策效率。 同时，平台支持多场景视频预览与自定义巡查，可广泛适用于企业楼宇、园区等不同场景。平台的AI应用也是一大亮点。在现场演示过程中，区域入侵秒 级告警、车牌识别与布控、人流统计与安全预警等功能，赢得了与会代表的好评。 中阿代表交流"阿曼眼"应用。 中国电信国际公司供图 与会多位嘉宾表示，"阿曼眼"将为深化阿中数字经济合作注入新动能。 ...