Group 1 - The State-owned Assets Supervision and Administration Commission (SASAC) emphasizes the importance of safety and service during the Spring Festival holiday, urging central enterprises to ensure a peaceful and safe celebration for the public [1][2] - SASAC leaders, including Zhang Yuzhuo and Tan Zuojun, conducted inspections and communicated with staff to understand the arrangements for duty and safety during the holiday period [1][2] - Central enterprises are reminded to strengthen risk assessments in key areas and maintain efficient operations to support public festivities [1][2] Group 2 - Tan Zuojun, on behalf of Zhang Yuzhuo, connected with 11 central enterprises via video to check on energy, power supply, major project operations, and communication services [2] - The focus is on tightening the safety production responsibility chain to ensure the stability of essential services such as energy, communication, and transportation during the holiday [2] - The implementation of the Central Eight Regulations is emphasized to ensure a frugal and civilized holiday atmosphere [2]

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (71.26%), Haotian International Investment (70.78%), and Gree Power Environmental (68.78%) [1] - Tencent Holdings, Meituan-W, and China National Offshore Oil Corporation saw the largest increases in holding amounts over the last five trading days, with increases of +1.071 billion, +937 million, and +811 million respectively [1] - The largest decreases in holding amounts were observed in the Yingfu Fund (-4.085 billion), Hang Seng China Enterprises (-1.359 billion), and China Mobile (-780 million) [2] Group 1: Hong Kong Stock Connect Holding Ratios - China Telecom (00728) has a holding of 9.891 billion shares, representing 71.26% [1] - Haotian International Investment (01341) has a holding of 7.855 billion shares, representing 70.78% [1] - Gree Power Environmental (01330) has a holding of 278 million shares, representing 68.78% [1] Group 2: Recent Increases in Holdings - Tencent Holdings (00700) increased its holding by +1.071 billion, with a change of +2.0125 million shares [2] - Meituan-W (03690) increased its holding by +937 million, with a change of +11.4088 million shares [2] - China National Offshore Oil Corporation (00883) increased its holding by +811 million, with a change of +33.4436 million shares [2] Group 3: Recent Decreases in Holdings - Yingfu Fund (02800) decreased its holding by -4.085 billion, with a change of -152.537 million shares [2] - Hang Seng China Enterprises (02828) decreased its holding by -1.359 billion, with a change of -14.6972 million shares [2] - China Mobile (00941) decreased its holding by -780 million, with a change of -9.9762 million shares [2]

Core Viewpoint - The article highlights the importance of the Tiantong satellite in advancing China's sixth-generation mobile communication, emphasizing the goal of establishing an integrated communication network across air, land, sea, and space [1][19]. Group 1: Project Overview - The "14th Five-Year Plan" suggests a forward-looking layout for sixth-generation mobile communication, focusing on building an integrated network [1]. - A key task is to enhance the coverage of Tiantong satellite signals, with recent testing conducted in the challenging environment of Tibet's Ali region [1][5]. Group 2: Testing Challenges - The testing team faced significant challenges, including high altitude (over 4500 meters) and severe weather conditions, such as heavy snowfall and a sudden drop in temperature to -20°C [3][13]. - Communication with the Beijing monitoring center was necessary to adjust signal strength, which took considerable time due to the adverse weather [9][11]. Group 3: Engineering Efforts - Engineers have conducted extensive field tests across various extreme environments in China to ensure comprehensive satellite coverage, aiming to eliminate communication blind spots [17]. - The successful completion of the Tiantong satellite test in harsh conditions reflects the commitment of the engineering team to connect remote areas [15][21]. Group 4: Future Implications - The integration of the Tiantong satellite into the communication network is expected to benefit local communities, including herders and tourists, by providing reliable communication services [17]. - The engineers express pride in their work, recognizing its alignment with national development goals and the broader impact on society [19][21].

Core Viewpoint - The article highlights the efforts of China Telecom satellite engineers in ensuring signal coverage in extreme conditions, particularly in the high-altitude regions of Tibet, showcasing their dedication to improving communication infrastructure across China [1] Group 1: Engineering Challenges - Engineers faced significant challenges in signal testing at altitudes over 4500 meters, where initial signal coverage was non-existent [1] - The team had to navigate through severe weather conditions, including heavy snowfall and temperatures as low as -20°C, which delayed their travel time from one hour to two and a half hours [1] Group 2: Commitment to Coverage - The engineers expressed their emotional commitment to their work, with one engineer, 聂帅, shedding tears of joy upon successfully establishing a clear communication link after overcoming numerous obstacles [1] - The team's efforts included traveling to various extreme locations across China, such as 海拉尔 and 吐鲁番, to ensure that the 天通 satellite can provide coverage to every inch of the country [1]

Core Viewpoint - The meeting emphasized the importance of implementing the spirit of the 20th National Congress of the Communist Party of China and the directives of General Secretary Xi Jinping regarding party building and state-owned enterprises, aiming to enhance the political responsibility of central enterprise party committees in governance and ensure high-quality development through effective party leadership [1][2][3]. Group 1: Party Building Responsibilities - Central enterprise party committee secretaries reported on their responsibilities and identified key issues, with a focus on improving governance and accountability [2]. - Zhang Yuzhuo highlighted the need for party committee secretaries to take responsibility for party governance and to ensure the implementation of strict party discipline [2][3]. Group 2: Achievements and Progress - Over the past year, central enterprise party committees have effectively implemented directives from the central government, strengthening the leadership system and enhancing the political awareness of party members [2]. - The commitment to high-quality development and service to national goals has been reinforced, providing a strong guarantee for the successful completion of the 14th Five-Year Plan [2]. Group 3: Future Directions - The focus for the upcoming year will be on deepening the integration of party leadership into corporate governance and enhancing the effectiveness of political supervision [3]. - There is a call for continuous improvement in the management of enterprise leadership teams and the promotion of a correct view of performance [3][4]. - The meeting stressed the importance of aligning party building with operational activities to leverage the political and organizational advantages of the party for innovation and development [3].

Core Viewpoint - The article emphasizes the importance of implementing the Party's leadership in central enterprises to ensure high-quality development and adherence to the principles set forth by the Party's leadership [1][2][3]. Group 1: Meeting Overview - The meeting was chaired by Zhang Yuzhuo, where central enterprise party secretaries reported on their responsibilities and issues in party building [2]. - Zhang Yuzhuo highlighted the need for party secretaries to take responsibility for party governance and to ensure the implementation of strict party discipline [2][3]. Group 2: Key Responsibilities and Actions - Central enterprises have been working to strengthen the Party's leadership and improve the institutional framework for governance, ensuring the implementation of the Party's directives [2]. - There is a focus on enhancing political supervision and ensuring that the Party's leadership is integrated into all aspects of corporate governance [3]. - The article stresses the importance of aligning party building with operational performance to enhance the effectiveness of enterprises in contributing to national goals [3]. Group 3: Future Directions - The emphasis is placed on continuous improvement of the Party's leadership mechanisms and enhancing the effectiveness of political supervision [3]. - There is a call for deeper integration of party work with production and operations, particularly in key areas such as technological and industrial innovation [3]. - The article advocates for maintaining a high-pressure stance against corruption and fostering a clean political environment within enterprises [3].

Industry Policy Status - On February 1, 2026, China Telecom and other major operators announced a tax adjustment where the VAT rate for mobile data, SMS, MMS, and internet broadband services increased from 6% to 9%, effective January 1, 2026. This change may have a short-term impact on the company's revenue and profits [1] - An industry analysis on February 10, 2026, indicated that traditional voice and mobile data service revenues are under pressure, but emerging businesses such as intelligent computing, security, video networking, and quantum revenue are experiencing high growth, supported by the "AI+" policy [4] Business and Technical Development - On February 12, 2026, China Telecom's AI company completed its first round of financing, attracting strategic investors including the National Artificial Intelligence Fund. The company's strategy has been upgraded to "cloud transformation, data-driven intelligence," focusing on AI-driven growth. Intelligent revenue is projected to reach 8.9 billion yuan in 2024, with a year-on-year growth of 62.3% in the first three quarters of 2025 [2] Financial and Technical Aspects - As of February 11, 2026, China Telecom experienced continuous net outflows of main funds, with a net outflow of 31.9 million yuan on February 10, and a financing balance of 1.387 billion yuan, reflecting cautious short-term market sentiment. Technically, the stock price is positioned between support and resistance levels, necessitating attention to the breakout direction [3]

Core Viewpoint - The article highlights the advancements in humanoid robots and drones, particularly focusing on the innovative capabilities of China Telecom's TeleAI in developing integrated intelligent systems that enhance operational efficiency in complex environments [6][7]. Group 1: Technology and Innovation - China Telecom's TeleAI has introduced a humanoid robot, TeleBot-M, and a versatile drone, TeleAqua-Bee, showcasing a significant leap in embodied intelligence [9][16]. - TeleBot-M features a lightweight design with a single-arm and a six-degree-of-freedom leg, enabling stable movement and interaction with drones [10]. - The robot is powered by a self-developed high-performance neural system, TeleBotOS, which ensures smooth operation and precise control even under heavy computational loads [12]. - TeleBot-M's learning capabilities are enhanced by a simulation platform that allows it to adapt to complex environments through reinforcement learning [14][15]. Group 2: Functional Capabilities - TeleAqua-Bee is a compact drone that can operate both in the air and underwater, with a flight time of 10 minutes and a diving capability of 30 minutes to a depth of 10 meters [20][21]. - The TeleAqua family includes various models designed for specific tasks, such as TeleAqua-H8, which can carry a 5 kg load and operate for extended periods [24]. Group 3: Connectivity and Communication - The AI Flow architecture developed by TeleAI ensures seamless data transmission between robots and drones, even in challenging environments with limited connectivity [29][30]. - The GVC technology compresses video data significantly, allowing for efficient transmission of semantic information rather than raw pixels, enhancing communication capabilities [31][32]. Group 4: Applications and Future Prospects - The integration of these technologies aims to facilitate operations in hazardous environments, such as disaster response and industrial inspections, where human presence is risky [40][41]. - The vision for the future includes a network of intelligent agents that can collaborate effectively, enhancing operational capabilities across various sectors [45].

Group 1 - The core viewpoint of the news is the performance and characteristics of the Guangfa CSI National New Hong Kong Stock Connect Central Enterprise Dividend ETF (520900), which has seen a decrease in shares but an increase in scale this year [1][2]. - As of February 12, 2025, the ETF had a total of 1.834 billion shares and a scale of 2.038 billion yuan, reflecting a 2.16% decrease in shares and a 4.83% increase in scale compared to the end of 2024 [1]. - The ETF's management fee is 0.50% annually, and the custody fee is 0.10% annually, with its performance benchmark being the yield of the CSI National New Hong Kong Stock Connect Central Enterprise Dividend Index [1]. Group 2 - The current fund managers are Huo Huaming and Lü Xin, with Huo managing since June 26, 2024, achieving a return of 11.32%, while Lü has managed since April 30, 2025, with a return of 25.23% [2]. - The ETF's top holdings include China National Offshore Oil Corporation (10.05%), China Shenhua Energy (9.99%), and China Petroleum & Chemical Corporation (9.83%), among others, with significant market values [2][3]. - The ETF has seen a total trading volume of 1.926 billion yuan over the last 20 trading days, averaging 96.28 million yuan per day [1].

智通财经APP获悉，截止2月13日收盘，有74只股票创52周新高，其中中国智能科技(00464)、兴利（香 港）控股(00396)、伟俊集团控股(01013)创高率位于前3位，分别为352.26%、44.44%、29.17%。 52周新高排行 中国电信(00728) 4.890 4.860 -0.21% | (00081) | | | | | --- | --- | --- | --- | | 绿源集团控股(02451) | 14.750 | 14.900 | 1.98% | | 川控股(01420) | 0.275 | 0.280 | 1.82% | | ＴＲ台湾(03036) | 819.000 | 819.000 | 1.66% | | 新鸿基地产(00016) | 133.700 | 135.700 | 1.65% | | 不同集团(06090) | 129.900 | 130.000 | 1.64% | | 德利机械(02102) | 0.315 | 0.315 | 1.61% | | 威胜控股(03393) | 26.840 | 26.840 | 1.51% | | ＴＲ韩国(02848) | 1 ...