Group 1 - The 15th China (Guangrao) International Rubber Tire and Auto Parts Exhibition was held at Guangrao International Expo Center, emphasizing the importance of the tire industry in China and particularly in Shandong province [1] - The exhibition theme was "Intelligent Leadership of Global Ecological Chain Driving Industrial Future," featuring an upgraded scale and quality, with an exhibition area of 55,000 square meters and over 800 booths [2] - The event attracted professional buyers from over 70 countries and regions, with an expected total attendance exceeding 150,000, and extensive live broadcasting and media coverage [2] Group 2 - To ensure smooth network communication during the exhibition, Dongying Unicom established a professional technical support team and optimized network layout based on booth distribution and visitor routes [5] - Network capacity was enhanced with the expansion of surrounding base stations, the opening of 15 new 4/5G cells, and dynamic capacity allocation in 18 key areas, along with the deployment of an emergency communication vehicle [5] - The actual uplink speed at the venue reached 1.2 Gbps, ensuring clear and smooth live broadcast experiences for attendees, showcasing the commitment of Dongying Unicom to provide excellent network service [5]

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]

4月25日，随着枣庄联通顺利完成50G PON设备的部署与测试，成功发布枣庄首个万兆光网，山东联通实现全省17个市分 公司50G PON万兆光网试点设备全覆盖，标志着山东省正式迈向万兆全光时代征程。 万兆光网建设高度契合数字中国战略，是推动山东数字经济高质量发展的关键基石，将为各类产业的数字化转型提供强 大的支撑，助力山东在数字经济赛道上实现跨越发展。 该技术在实际测试中展现出突破性性能，在万兆场景体验区，万兆网络在智慧家庭、远程医疗、虚拟现实等领域的创新 应用和流畅体验远超预期。网络实测峰值速率下行10628Mbps、上行10342Mbps，较传统10G PON实现十倍带宽跨越。这 一技术突破为多场景应用开辟了新可能。在家庭场景中，50G PON不仅能支持250路4K高清视频或50路8K超清视频同步 播放，更为AR/VR教学、远程医疗教育等新兴场景提供坚实保障。对于需要处理大型文件的企业用户，40GB容量的文件 仅需37秒即可完成传输，真正实现GB级文件的秒速下载。在工业生产领域，单端口即可承载3条生产线的工业相机质检 数据传输，满足实时影像分析与工业大数据处理需求。创新的CoDBA协作调度和专用激活波长技 ...

金十图示：2025年05月15日（周四）富时中国A50指数成分股今日收盘行情一览：银行股走势分化，半导体、券商股走低 保险 中国太保 R 中国人保 中国平安 0 3661.75亿市值 3274.76亿市值 9879.05亿市值 18.64亿成交额 30.95亿成交额 26.49亿成交额 54.25 8.28 34.04 -0.69(-1.99%) -0.44(-0.80%) +0.04(+0.49%) 酸酒行业 贵州茅台 山西汾酒 五粮液 20501.27亿市值 2555.83亿市值 5188.55亿市值 40.43亿成交额 19.48亿成交额 7.16亿成交额 1632.01 209.50 133.67 -2.98(-0.18%) -1.20(-0.57%) -1.59(-1.18%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2291.08亿市值 2826.18亿市值 3303.12亿市值 12.53亿成交额 23.52亿成交额 12.28亿成交额 428.90 677.00 142.11 -8.04(-1.84%) -6.99(-1.02%) -2.11(-1.46%) 汽车整车 铁路公路 比 ...

Core Viewpoint - The successful communication support provided by Tai'an Unicom during the 2025 Tai'an Cultural and Tourism Industry High-Quality Development Conference highlights the company's strong network capabilities and professional service level [1][5]. Group 1: Communication Support Preparation - Tai'an Unicom prioritized the stability of the communication network during the conference and established a special support team immediately after receiving the task [3]. - The team conducted comprehensive network testing and optimization at the conference venue and surrounding areas, identifying weak signal points and potential risks [3]. Group 2: Network Optimization and Coverage - Tai'an Unicom opened three 5G base stations and deployed emergency communication vehicles to ensure full 5G coverage at key locations such as hotels and the main conference venue [3]. - The average RSRP measured -66, with peak download speeds reaching 691M and average speeds of 457M, ensuring robust communication during the event [3]. Group 3: Real-time Monitoring and Response - The support team monitored network performance in real-time, with technical personnel on-site 24/7 to analyze key data such as network traffic and signal strength [5]. - The team effectively managed multiple peak communication periods, ensuring clear voice calls and smooth data transmission without interruptions during live broadcasts and video conferences [5]. Group 4: Commitment to Development - Tai'an Unicom has consistently responded to local development needs by increasing network construction investments and enhancing communication support capabilities [5]. - The company aims to continue providing high-quality network services to support the economic and social development of Tai'an [5].

在数字经济蓬勃发展的新时代，青岛联通以5G、物联网、大数据等创新技术为支撑，为文旅产业构建高速网络通道， 为现代农业注入数字动能，为城市治理插上智慧翅膀，聚焦城市核心场景展现数字新基建的赋能价值。 数字引擎护航影视文化盛宴 山东青岛红岛湾畔的蛤蜊节现场，游客老刘正通过手机直播展示收获："看这画面多清楚！刚才潮水退得急，我边跑 边拍都没卡顿。"近期，针对红岛蛤蜊节、即墨花海乐园、2025小燥·海岛艺术节等热门文旅项目，青岛联通提前部署 确保活动区域网络畅通，累计扩容4/5G小区150个，部署24小时监控体系，以15分钟粒度实时通报指标，构建起"感知- 分析-响应"的闭环保障体系，确保游客直播、短视频打卡分享等感知流畅，使艺术灵感与科技完美融合。 夜幕下的青岛东方影都大剧院星光璀璨、嘉宾云集，第二十届中国电影华表奖颁奖典礼盛大启幕。这也是华表奖的聚 光灯首次离开北京，"花落"青岛。此刻，一组"看不见的保障力量"正在高速运转。"直播画面全程流畅，后台数据刷新 几乎零延迟。"媒体记者王女士的感叹背后，是青岛联通通信保障团队构建的立体通信网络。技术团队调配9条数字专 线与互联网专线，对38处5G基站实施动态优化及35个 ...

漫步大明湖畔，穿行老商埠街巷，踏入龙洞山涧，手机信号稳定流畅，网络体验焕然一新。 济南联通5G-A调测 自然景区实现5G信号全覆盖 山区5G基站覆盖 作为济南市重要自然景观的龙洞自然风景区、千佛山风景区，以其奇特地貌和原生态环境成为市民游客户外运 动的热门选择。由于地势起伏和植被覆盖，信号覆盖曾经存在盲区和弱区。为有效提升自然景区的通信体验， 济南联通坚持科学规划、因地制宜，创新采用"微波回传+BBU前置+太阳能供电"模式，并灵活调整天线方位和 参数优化网络覆盖，在龙洞自然风景区实现5G信号覆盖，同时在千佛山登山步道、观景平台等主要人流聚集点 实现重点覆盖。 龙洞景区藏龙涧基站 南部山区信号意外满格 近日，某自媒体博主在社交平台中发布的一段南部山区徒步野炊的视频，引发网友关注。视频中，博主和朋友 相约徒步，原计划实时分享沿途风景，却在关键时刻发现自己的手机没有信号，多番尝试未果。就在博主困惑 不已时，一旁的朋友却淡定地拿出手机展示满格信号。博主诧异地问："这怎么可能？我这完全没信号啊！"朋 友笑着回应："我用的是联通啊，这里信号满格，网络一直都很稳定。"朋友还表示附近露营的驴友都是联通用 户，联通5G在南部山 ...

青岛联通整合全市无人机资源，打造"智慧低空"一体化共享平台。在青岛市南区、市北区、李沧区部署12个无人机机巢，通过专线实现数据实时回传与AI分 析。同时，整合无人机服务站点，形成全域覆盖的快速响应能力。项目运营期间，已执行了10000余架次的飞行任务，支撑啤酒节、樱花节等大型活动保 障，推动"空天地网"立体化管理，更带动了无人机产业链的协同发展。 5月11日-5月13日，山东省通信行业协会牵头召集山东联通、山东移动、山东电信等相关企业，共同举办了"5G扬帆 鲁领万兆"数智赋能山东新型工业化媒体 探访活动。活动期间，各方围绕5G-A技术在多领域的创新应用展开深入探讨与经验分享，为山东数字经济发展注入新动力。 近年来，信息通信业紧密围绕国家战略，积极推动数字技术与各行业深度融合，不断夯实数字基础设施建设，5G-A作为5G迈向6G的必由之路，在促进产业 升级、推动经济高质量发展方面发挥着愈发重要的作用。山东作为经济大省与制造业强省，在数字经济浪潮中勇立潮头，积极探索5G-A技术创新应用路 径。 为充分发挥青岛作为5G应用"扬帆"行动重点城市以及"5G+工业互联网"融合应用试点城市的引领示范效应，全面总结5G-A规模 ...

Investment Rating - The report assigns a "Buy" rating to China Unicom (0762.HK) [4][6] Core Viewpoints - China Unicom is positioned as a leading integrated information service operator, with a focus on digital information services and cloud business as a second growth curve [1][3] - The company achieved revenue of 389.6 billion RMB in 2024, a year-on-year increase of 4.6%, and a net profit of 20.6 billion RMB, up 10.1% year-on-year [1][5] - The company has a robust dividend yield averaging over 6% over the past five years, indicating strong defensive attributes [4] Summary by Sections Company Overview - China Unicom was established in 1994 and operates in 31 provinces in China and several countries worldwide, ranking 279th in the 2024 Fortune Global 500 [1][13] Business Segments - The company focuses on two core business areas: "Connected Communication" and "Intelligent Computing" [2][3] - The Connected Communication segment generated revenue of 261.3 billion RMB in 2024, growing by 1.5% year-on-year, with mobile and broadband user numbers reaching 470 million [2][45] - The Intelligent Computing segment, which includes Unicom Cloud, generated revenue of 68.6 billion RMB in 2024, a 17.1% increase year-on-year, and is expected to become a key growth driver [2][3] Financial Performance - The company forecasts net profits of 21.7 billion RMB, 23.2 billion RMB, and 25.1 billion RMB for 2025, 2026, and 2027 respectively [4][5] - The average P/E ratios for 2025 and 2026 are projected at 12x and 11x, respectively, which are below the average for comparable companies [4] Industry Environment - The telecommunications industry in China is experiencing a slowdown, with overall revenue growth of 3.2% in 2024, but emerging businesses like cloud computing and big data are growing steadily [26][29] - New business revenue accounted for 25% of total telecommunications revenue in 2024, with cloud computing and big data revenues increasing by 13.2% and 69.2% respectively [29][40] Strategic Initiatives - China Unicom is enhancing its cloud capabilities through the integration of AI technologies, aiming to transform its business model from resource leasing to AI-enabled services [40][41] - The company has established over 300 integrated training and inference computing resource pools, with a total computing power exceeding 17 EFLOPS [47]