股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00728 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 13,877,410,000 | RMB | | 1 RMB | | 13,877,410,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 13,877,410,000 | RMB | | 1 RMB | | 13,877,410,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- ...

智通财经APP获悉，根据2025年11月28日披露数据，中国电信（00728）、绿色动力环保（01330）、大 眾公用（01635）位居港股通持股比例前3位，分别为72.72%、69.20%、68.60%。此外，万国黄金集团 （03939）、阿里巴巴－W（09988）、快手-W（01024）在最近有统计数据的5个交易日内，持股额增 幅最大，分别为+119.66亿元、+108.43亿元、+12.76亿元;盈富基金（02800）、中芯国际（00981）、恆 生中国企业（02828）在最近有统计数据的5个交易日内，持股额减幅最大，分别为-26.36亿元、-15.15 亿元、-8.09亿元。 具体数据如下（交易所数据根据T+2日结算）： 1、港股通最新持股比例排行（前20名） | 公司名称 | 持股额变动 | 持股数变动 | | --- | --- | --- | | 万国黄金集团(03939) | +119.66亿元 | +37582.04万股 | | 阿里巴巴－W(09988) | +108.43亿元 | +7157.37万股 | | 快手-W(01024) | +12.76亿元 | +1881.69万股 | | ...

Core Insights - The article highlights the significance of the Munich Shanghai Optical Expo as a pivotal event for the global optoelectronics and semiconductor industry, featuring over 1,200 leading companies and attracting hundreds of thousands of professional attendees, emphasizing the theme of "technological iteration + ecological integration" [2] Group 1: Policy Alignment - The forum aligns closely with the "14th Five-Year Plan," focusing on the critical role of laser technology in supporting 6G/5G-A, targeting key areas such as compound semiconductors, EDA tools, and optical communication chips, and aims to create a collaborative ecosystem through "policy - technology - capital" synergy [2][4] Group 2: Technical Focus - The forum emphasizes a comprehensive technology logic covering the entire supply chain from "materials - tools - chips - devices - components - applications," showcasing hard-core achievements from leading companies in critical areas like compound semiconductor mass production processes and AI-enabled optical chip design [3] Group 3: Demand-Supply Coupling - The forum effectively links the supply side, represented by leading technology firms like Silan Micro and Xizhi Technology, with the demand side, including major telecom operators and cloud service providers, creating a high-efficiency closed loop of "technology output - demand feedback - cooperation landing" [4] Group 4: Key Participants - Major telecom operators such as China Mobile, China Unicom, and China Telecom are participating to address 6G network architecture and 5G-A deployment needs, while leading cloud service providers like Alibaba Cloud and Tencent Cloud are seeking solutions for high-speed data transmission and green data center construction [6] Group 5: Final Opportunities - The article emphasizes the urgency of securing the last three sponsorship seats for the forum, highlighting the scarcity of resources and the potential for significant market engagement, with a focus on connecting with decision-makers from major telecom and cloud service companies [7][9]

它兼容数百种工业协议，能打通不同品牌、不同年代的设备数据壁垒，将纷繁复杂的设备数据统一采集 并上传至云端，构建起从"采集-承载-汇聚-应用"的完整数据流，让管理者能随时随地透视产线细节，大 幅降低对人力的依赖。在卫岗乳业的实践中，该平台通过实时监控产线压力、温度等工艺参数，实现单 位产能人力投入降低27%。 而"鲁班数控AI+MES"系统如同一位产线智慧指挥官。在金宁工装，该系统的使用助力企业实现生产效 率提升15%，产品不良率降低10%。它不仅能根据订单、物料和设备状态进行AI智能排产，更能基于实 时采集的工艺数据（如切削速度、进给量），对加工参数进行自适应微调，实现了生产环节的智能排产 与工艺自调。这确保了即使在频繁换线生产，质量也能始终稳定，直接帮助企业提升生产效率。 能协作、能预判，为园区管理构建"智慧生命体" 首批15家领航级智能工厂首次集体亮相；打拳、跳舞、绕酒杯，炫酷的"机器人军团"相继出场；节能、 智控、数字孪生，各种软硬一体的工业制造方案层出不穷……11月27日，第十届世界智能制造大会上在 南京国际博览中心开展。 随着工业互联网从概念验证迈向规模化部署，制造业数字化转型进入"深水区"。此次大 ...

11月26日，黑龙江伊春市中国电信集团合同能源管理技术服务项目招标公告发布，采购估算金额748万元，服务期限10年。 原文如下： 伊春市七号院合同能源管理技术服务项目招标公告 本招标项目为伊春市七号院合同能源管理技术服务项目，（招标编号：HLBBFA202511260002），招标人为中国电信集团有限公司伊春分公司，招标代理机构为鼎信项目管理咨询有限公司。项 项目概况与招标内容 1.1项目概况 根据经审批的采购需求，本项目需为七号院提供一体化热能解决方案。 1.2招标内容 1.2.1本次采购内容为：为七号院提供一体化热能解决方案，负责建设并运营覆盖七号院的集中供热系统，确保稳定、高效的热能供应。配套搭建先进的智慧运行监测平台，通过物联网技术实时 1.2.2采购估算金额:748万元（未含税），预算费用包括但不限于建设、运行、维护等为完成本项目所需的一切费用。 1.2.3签订方式：单项合同。 1.2.4服务期限：自签订合同之日起10年。 1.2.5工期：合同签订后5日内提供热能服务。 1.2.6服务地点：伊春市七号院。 | 管申扶求服务顶 | | | | 2 FIFT MM / 1 | | | --- | --- ...

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (72.69%), Gree Power Environmental (69.23%), and Haotian International Construction Investment (68.93%) [1][2] - The companies with the largest increase in holding amounts over the last five trading days are WanGuo Gold Group (+12.079 billion), Alibaba-W (+11.504 billion), and Tencent Holdings (+2.873 billion) [1][2] - The companies with the largest decrease in holding amounts over the last five trading days are SMIC (-1.455 billion), Innovent Biologics (-0.665 billion), and New China Life Insurance (-0.523 billion) [2] Group 1: Hong Kong Stock Connect Holding Ratios - China Telecom (00728) has a holding of 10.09 billion shares, representing 72.69% [1] - Gree Power Environmental (01330) has a holding of 0.28 billion shares, representing 69.23% [1] - Haotian International Construction Investment (01341) has a holding of 7.48 billion shares, representing 68.93% [1] - Other notable companies include China Shenhua (67.29%) and Tianjin Chuangye Environmental Protection (66.32%) [1] Group 2: Recent Increases in Holdings - WanGuo Gold Group (03939) saw an increase of +12.079 billion, with a change of +37.936 million shares [1] - Alibaba-W (09988) increased by +11.504 billion, with a change of +7.638 million shares [1] - Tencent Holdings (00700) increased by +2.873 billion, with a change of +0.469 million shares [1] Group 3: Recent Decreases in Holdings - SMIC (00981) experienced a decrease of -1.455 billion, with a change of -2.128 million shares [2] - Innovent Biologics (01801) decreased by -0.665 billion, with a change of -0.691 million shares [2] - New China Life Insurance (01336) saw a decrease of -0.523 billion, with a change of -1.111 million shares [2]

Core Insights - The article discusses the transition of AI agents from "conversational intelligence" to "decision-making intelligence," highlighting their capabilities as "digital collaborative partners" with environmental awareness, autonomous planning, and task execution. However, this advancement brings unprecedented security challenges [1][2]. Summary by Sections AI Agent Security Risks - The white paper identifies unique systemic risks associated with AI agents, such as attackers using hidden commands to induce the agent to download malware or employing long messages to trigger privacy breaches. These cases indicate that traditional boundary defenses are ineffective [1]. - Risks span four layers: - **Perception Layer**: Vulnerable to multi-modal input deception and protocol abuse. - **Decision Layer**: Prone to errors due to hallucinations and semantic ambiguities leading to cascading mistakes. - **Memory Layer**: Risks include persistent poisoning and cross-session privilege escalation. - **Execution Layer**: Potential for privilege loss to turn into an attack vector [1][2]. AI Agent Security Governance - To address these challenges, the white paper proposes a dynamic defense system covering the entire lifecycle of AI agents, emphasizing three governance goals: "safe, controllable, and trustworthy." It outlines layered technical countermeasures such as sandbox isolation for tool invocation, dual verification for decisions, encryption and access control for memory content, and real-time blocking of execution behaviors [2]. - The report includes practical case studies from the Starry Sky AI platform, MCP protocol security scanning tools, and automated evaluation of edge AI agents, demonstrating the feasibility and effectiveness of the governance solutions [2]. Call to Action - The white paper serves not only as a technical guide but also as an action plan for building a trustworthy AI ecosystem. It calls for collaboration among government, industry, and enterprises to enhance top-level design, strengthen technical capabilities, and implement differentiated protection strategies for AI agents based on their autonomy levels, ensuring that technological development remains on a secure path [2].

其次，这10家省公司多为集团大省公司，发展基础好。这样的省公司拥有高速宽带网络、数据中心等完善的基础设施，能够保障云服务的高效运行。比如粤港澳大湾区、长三角地区等地，数据中 据运营商财经网副总经理康锐表示，中国电信天翼云近年来发展态势良好，已成为国内云服务市场的头部企业，尤其在政务云、专属云等领域占据领先地位，而这一成绩的背后这10家省公司的贡 据了解，对于中国电信云业务收入贡献最大的10家省公司是他们。 运营商财经网 吴碧慧/文 这一名单中，南方省公司占比更多，为8家，北方省公司只有2家，即河北电信和北京电信。 根据营收规模分别是广东电信、上海电信、江苏电信、浙江电信、四川电信、安徽电信、湖南电信、河北电信、北京电信和福建电信。 据知情人士独家透露，在今年前8月中，中国电信天翼云收入已达700多亿元，同比实现正增长，但却鲜少有人知晓中国电信旗下省公司天翼云收入情况如何？对于集团云业务收入的贡献又如何 首先，这10家省公司大多是经济较为发达的地区，比如产业结构以高新技术、金融、互联网等为主，企业数字化转型需求旺盛，为云业务发展提供了广阔的市场空间。 ...

Core Insights - The top three companies by Hong Kong Stock Connect shareholding ratios are China Telecom (72.63%), Power Assets Holdings (70.19%), and GCL-Poly Energy Holdings (69.17%) [1] - The companies with the largest increase in shareholding amounts over the last five trading days are Universal Gold Group (+12.088 billion), Alibaba Group Holding Limited (+6.346 billion), and Tencent Holdings (+3.004 billion) [1][2] - The companies with the largest decrease in shareholding amounts over the last five trading days are SMIC (-1.278 billion), Ganfeng Lithium (-0.558 billion), and Innovent Biologics (-0.518 billion) [2] Hong Kong Stock Connect Shareholding Ratios - China Telecom (00728): 10.081 billion shares, 72.63% [1] - Power Assets Holdings (01635): 0.375 billion shares, 70.19% [1] - GCL-Poly Energy Holdings (01330): 0.280 billion shares, 69.17% [1] - Other notable companies include: - Hengtian International Investment (01341): 74.74 billion shares, 68.90% [1] - China Shenhua Energy (01088): 2.276 billion shares, 67.38% [1] Recent Increases in Shareholding - Universal Gold Group (03939): +12.088 billion, +37.96584 million shares [2] - Alibaba Group Holding Limited (09988): +6.346 billion, +4.09920 million shares [2] - Tencent Holdings (00700): +3.004 billion, +0.48492 million shares [2] - Other companies with significant increases include: - Yinhua Fund (02800): +2.182 billion, +8.36760 million shares [2] - Kuaishou Technology (01024): +1.750 billion, +2.54847 million shares [2] Recent Decreases in Shareholding - SMIC (00981): -1.278 billion, -1.85636 million shares [2] - Ganfeng Lithium (01772): -0.558 billion, -1.13178 million shares [2] - Innovent Biologics (01801): -0.518 billion, -0.54621 million shares [2] - Other companies with notable decreases include: - WuXi Biologics (02269): -0.513 billion, -1.60715 million shares [2] - New China Life Insurance (01336): -0.435 billion, -0.92361 million shares [2]

Core Viewpoint - The communication sector is experiencing significant growth driven by advancements in artificial intelligence (AI) and increased capital expenditure from domestic and international cloud service providers [1]. Group 1: Market Performance - As of November 26, 2025, the Guozheng Communication Index surged by 5.63%, with notable increases in constituent stocks such as Zhongji Xuchuang (up 13.91%), Xinwei Communication (up 10.38%), and Xinyi Sheng (up 10.10%) [1]. - The top ten weighted stocks in the Guozheng Communication Index account for 66.96% of the index, including Zhongji Xuchuang, Xinwei Communication, and ZTE Corporation [1]. Group 2: Industry Trends - Google is leveraging its breakthroughs in AI models to challenge Nvidia, while Meta is negotiating with Google for the use of TPU chips worth billions in its data centers by 2027 [1]. - The ongoing AI arms race is expected to drive demand for computing power, with the communication sector positioned as a key player in this growth [1]. - The "14th Five-Year Plan" emphasizes the acceleration of a new technological revolution and industrial transformation, highlighting the importance of AI applications [1]. Group 3: Investment Opportunities - The Communication ETF (159695) closely tracks the Guozheng Communication Index, providing an easy way to invest in the optical communication industry [2]. - Investors can also consider the Communication ETF linked fund (019072) to capitalize on investment opportunities arising from the AI transformation in the optical communication sector [3].