Core Viewpoint - China Telecom (Macau) Limited celebrated its 20th anniversary and launched new services, signing strategic cooperation agreements with Macau Pass and Macau Airlines to support industrial upgrades [1] Group 1: Company Developments - The company has developed a comprehensive 5G network across Macau and has introduced various innovative services, including "Easy Trip" communication products for visitors and "5G Bay Area Pass" for local businesses [1][2] - The company aims to enhance digital living experiences for residents and tourists through collaborations in smart transportation and cross-border payment services [1] Group 2: Future Plans - The company plans to leverage its resource advantages to accelerate the transition to 5G-A and 6G technologies, creating an integrated information channel across land, sea, and air [2] - The focus will be on building a localized AI cloud platform and industry application scenarios to support Macau's "1+4" economic diversification strategy [2]

证券代码：601728 证券简称：中国电信 公告编号：2025-018 中国电信股份有限公司 第八届董事会第二十次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会召开情况 中国电信股份有限公司（以下称"公司"）于 2025 年 5 月 16 日 以通讯方式召开了第八届董事会第二十次会议。本次董事会的会议通 知及资料已于会前发送给公司全体董事。会议应到董事 9 人，实到董 事 9 人，会议由董事长柯瑞文先生主持，本次会议的召开及其程序符 合有关法律、法规和《公司章程》的规定。 二、董事会审议情况 （一）批准《关于聘任公司总裁兼首席运营官的议案》 赞成票：9 票，反对票：0 票，弃权票：0 票 特此公告。 具体内容详见公司同日披露于上海证券交易所网站 （www.sse.com.cn）及指定媒体的《中国电信股份有限公司关于聘任公 司总裁兼首席运营官的公告》 （公告编号：2025-019） 赞成票：9 票，反对票：0 票，弃权票：0 票 （二）批准《关于聘任公司执行副总裁的议案》 公司召开第八届董事会提名委员会 ...

证券代码：601728 证券简称：中国电信 公告编号：2025-020 中国电信股份有限公司 关于聘任公司执行副总裁的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国电信股份有限公司（以下简称"公司"或"本公司"）于 2025 年 5 月 16 日召开第八届董事会第二十次会议，审议通过了《关于聘 任公司执行副总裁的议案》。经公司总裁提名，董事会提名委员会审 核通过，同意聘任黄智勇先生（简历附后）为公司执行副总裁，任期 自本次董事会审议通过之日起至本公司于2026年召开的2025年年度 股东大会止。 二〇二五年五月十六日 1 附件： 黄智勇先生简历 黄智勇先生，53 岁，现任本公司执行副总裁。黄先生为高 级工程师，工程硕士。黄先生曾任中国电信集团有限公司及本公 司客户服务部副总经理、总经理，中国电信股份有限公司贵州分 公司总经理，中国电信集团有限公司办公室主任、董事会秘书， 中国电信股份有限公司江苏分公司总经理。黄先生现兼任中国电 信集团有限公司副总经理、首席合规官。黄先生具有丰富的管理 及电信行业从业经验。 截至目前 ...

证券代码：601728 证券简称：中国电信 公告编号：2025-019 中国电信股份有限公司 关于聘任公司总裁兼首席运营官的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国电信股份有限公司（以下简称"公司"或"本公司"）于 2025 年 5 月 16 日召开第八届董事会第二十次会议，审议通过了《关于聘 任公司总裁兼首席运营官的议案》。经公司董事会提名委员会审核通 过，同意聘任刘桂清先生（简历附后）为公司总裁兼首席运营官，不 再兼任公司执行副总裁，任期自本次董事会审议通过之日起至本公司 于 2026 年召开的 2025 年年度股东大会止。 特此公告。 中国电信股份有限公司 董 事 会 1 附件： 刘桂清先生简历 刘桂清先生，58 岁，于 2019 年 8 月加入本公司董事会，现 任本公司执行董事、总裁兼首席运营官。刘先生为教授级高级工 程师，工学博士。刘先生曾任中国联通湖南省分公司副总经理、 总经理及中国联通江苏省分公司总经理、中国电信集团有限公司 副总经理兼总法律顾问、本公司执行副总裁、于联交所主板上市 之中国通信服 ...

证券代码：601728 证券简称：中国电信 公告编号：2025-018 中国电信股份有限公司 第八届董事会第二十次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会召开情况 中国电信股份有限公司（以下称"公司"）于 2025 年 5 月 16 日 以通讯方式召开了第八届董事会第二十次会议。本次董事会的会议通 知及资料已于会前发送给公司全体董事。会议应到董事 9 人，实到董 事 9 人，会议由董事长柯瑞文先生主持，本次会议的召开及其程序符 合有关法律、法规和《公司章程》的规定。 二、董事会审议情况 （一）批准《关于聘任公司总裁兼首席运营官的议案》 2025年5月16日，公司召开第八届董事会提名委员会第六次会议， 公司董事会提名委员会同意该议案，并同意将该议案提交公司董事会 审议。 具 体 内 容 详 见 公 司 同 日 披 露 于 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）及指定媒体的《中国电信股份有限公司关于聘任公 司总裁兼首席运营官的公告》（公告编号：2025-019）。 20 ...

效率提升6倍！ 茂名高州无人机 运输荔枝首飞成 功_南方+_南方 plus 5月15日上午， 由高州市农业农 村局主办，中国 电信高州分公司 承办，平山镇党 委、平山镇人民 政府和市融媒体 中心协办的"智 飞优果 创新未 来"高州低空无 人机运输荔枝首 飞仪式在平山镇 仁耀垌村成功举 行。满载荔枝的 农用无人机从山 头果园腾空而 起，沿着预定航 线精准飞抵冷链 中心，这标志着 荔枝运输正式迈 入"低空经济"新 赛道，为茂名高 州荔枝产业智能 化升级按下加速 键。 茂名高州运用无人机运输荔枝。 平山镇作为高州 荔枝核心产区之 一，其荔枝以果 头大、甜度高、 上市时间早等优 势常年抢占早熟 市场，但丘陵地 形导致传统运输 方式效率低、损 耗高，果品价格 易受影响。随着 科技的飞速发 展，低空经济领 域的无人机技术 展现出快速配 送、灵活路径选 择的独特优势。 精度定位系统的 无人机在北斗 +5G网络的支持 和飞行控制平台 的监控下，以厘 米级精度飞行至 1公里外的冷链 中心。抵达后， 工人们迅速卸 货、入库、预 冷、打包、发 车，确保荔枝果 品以最佳状态发 往全国市场。 "今天我们这个 活动用到的技 术，第一个就 ...

Summary of Guodun Quantum Conference Call Company Overview - **Company**: Guodun Quantum - **Industry**: Quantum Communication and Technology Key Points Financial Performance - In Q1 2025, Guodun Quantum reported revenue of approximately 20 million yuan, a year-on-year increase of 100% [2][4] - The company expects a total revenue growth of about 30% for the year 2025, reaching over 300 million yuan [3][24] - The main revenue source in 2024 was quantum secure communication, contributing around 250 million yuan, accounting for over 60% of total revenue [3] Strategic Partnerships - Guodun Quantum has formed a deep integration with China Telecom, focusing on application development and market promotion, while Guodun concentrates on core equipment and next-generation technology research [2][5] - China Telecom plans to build a nationwide quantum information security infrastructure, which is expected to contribute approximately 100 million yuan to Guodun's revenue in 2024, accounting for about 40% of total revenue [2][8] Market Position and Competitiveness - Guodun Quantum holds over 90% market share in the quantum secure communication sector, indicating strong competitiveness [2][8] - The company is also involved in quantum computing and precision measurement, with significant revenue from core equipment and related services [3][4] Future Outlook - Guodun Quantum anticipates steady growth in three main business areas: quantum security and information technology, high-end scientific instruments, and customized market demands driven by domestic substitution and technology upgrades [4][6] - The company is committed to product enhancement and core technology development, aiming for breakeven while providing better returns to investors [24] Technological Developments - The integration of Quantum Key Distribution (QKD) and Post-Quantum Cryptography (PQC) is seen as a significant future direction, with QKD providing a robust information security foundation [3][14] - Guodun Quantum is exploring opportunities in quantum computing, with a focus on high-end scientific instruments and potential applications in various industries [18][23] Industry Trends - The quantum communication market is expected to grow, with China Telecom's initiatives to promote quantum information and security technology in various sectors such as finance and government [7][8] - The company is also observing trends in international markets, noting that while the U.S. focuses on PQC, China is well-positioned to develop QKD as a foundational technology [12][13] Challenges and Considerations - Despite the optimistic outlook, Guodun Quantum acknowledges the uncertainties in the market and refrains from making overly optimistic projections for the next three to five years [25] - The company emphasizes the importance of maintaining independence and innovation while collaborating with China Telecom [5][10] Conclusion - Guodun Quantum is positioned for growth in the quantum technology sector, leveraging strategic partnerships and a strong market presence in quantum secure communication. The company is focused on technological advancements and expanding its revenue streams while navigating the complexities of the evolving market landscape.

Group 1 - The 15th National Games and the 12th National Paralympic Games are being supported by major telecommunications companies in China, including China Telecom, China Mobile, and China Unicom, to enhance digital and intelligent upgrades for the events [1][3] - China Telecom is investing over 150 million yuan in seven service projects, including the construction of a cloud data center and event internet services, to ensure high availability of event systems [2][3] - China Unicom is providing 150 million yuan in sponsorship for the construction of a command center and an information technology operations center, focusing on emergency support and network services for key venues [2][3] Group 2 - The collaboration among the three major telecom operators aims to improve digital service capabilities for the events, facilitating efficient operations and enhancing the spectator experience [3] - China Mobile is focusing on 5G network coverage and new technology applications to support the event, while also promoting integrated communication services in the Guangdong-Hong Kong-Macao Greater Bay Area [1][2] - Advanced technologies such as millimeter-wave sensing and AI will be utilized to enhance network stability and monitoring during the events, ensuring high-speed connectivity [2][3]

Core Viewpoint - Guangzhou Shanghang Information Technology Co., Ltd. (Shanghang Technology) has submitted a second round of inquiry response regarding its application for public stock issuance and listing on the Beijing Stock Exchange, highlighting its role as a one-stop service provider in the Internet Data Center (IDC) sector [1] Group 1: Business Overview - Shanghang Technology's main business includes IDC comprehensive services, cloud comprehensive services, and other services [1] - The company has a high customer concentration, with the top five customers accounting for 61.40%, 66.91%, 79.31%, and 78.95% of its main business revenue during the reporting period [1] Group 2: Customer Dependency - In the first half of 2024, the three major telecom operators (China Telecom, China Mobile, and China Unicom) contributed 49.13% of the sales revenue [2] - Shanghang Technology became a major customer of the three telecom operators in 2022, and there is a significant overlap between customers and suppliers, particularly in the Wuxi and Huailai regions [2] Group 3: Regulatory Inquiry - The Beijing Stock Exchange has requested Shanghang Technology to explain the commercial rationale behind the three telecom operators renting cabinets through the company rather than directly [3] - The company is also required to clarify the stability and sustainability of its cooperation with the three telecom operators and the overlap in procurement and sales of cabinets in similar regions [3] Group 4: Financial Performance - During the reporting period, Shanghang Technology's main business revenues were 453.36 million yuan, 485.77 million yuan, and 477.11 million yuan, with net profits of 66.35 million yuan, 70.58 million yuan, and 70.06 million yuan respectively [4] - The company is required to analyze the reasons for the decline in main business revenue and net profit in 2024, considering the operating environment of downstream internet enterprises and the competitive landscape of the IDC industry [4]

Core Points - The China Securities Index (CSI) Huaxia Economic Blue Chip Index increased by 0.84% to 8059.07 points with a trading volume of 260.673 billion yuan [1] - Over the past month, the CSI Huaxia Economic Blue Chip Index has risen by 2.42%, but it has decreased by 1.82% over the last three months and by 1.22% year-to-date [1] Index Composition - The index selects blue-chip securities with good financial fundamentals, with industry weights allocated based on their contribution to the national economy [1] - The top ten holdings in the index are: China Telecom (2.39%), Muyuan Foods (2.3%), China State Construction (2.24%), Wens Foodstuff Group (2.09%), China Merchants Bank (1.97%), China Duty Free Group (1.96%), Digital China (1.94%), China Railway (1.67%), Haida Group (1.59%), and COSCO Shipping Holdings (1.43%) [1] - The index is primarily composed of stocks from the Shanghai Stock Exchange (60.11%) and the Shenzhen Stock Exchange (39.89%) [1] Industry Breakdown - The industry composition of the index includes: Industrial (19.40%), Consumer Discretionary (16.55%), Information Technology (12.42%), Consumer Staples (10.43%), Materials (9.58%), Communication Services (9.08%), Financials (8.53%), Real Estate (4.64%), Health Care (3.86%), Utilities (2.88%), and Energy (2.61%) [2] - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2]