Core Viewpoint - The digital transformation of the cultural tourism industry is essential for enhancing competitiveness and improving visitor experiences, as demonstrated by the collaboration between Heze Unicom and Guanyu Peony Garden to create a "Smart Cultural Tourism Comprehensive Management Platform" [1] Group 1: Safety Management - Heze Unicom has established a comprehensive safety defense system for Guanyu Peony Garden, featuring extensive surveillance with high-definition cameras for 24/7 monitoring [3] - The AI Cloud Police System within the management platform analyzes vast amounts of surveillance footage, achieving a 90% accuracy rate in identifying abnormal situations such as crowd gatherings and fire hazards, enabling rapid alerts and responses [3] - A professional fire and security system, including advanced fire alarm controllers, ensures robust safety measures, while a patrolling system allows security personnel to monitor and respond to incidents effectively [3] Group 2: Visitor Experience Enhancement - Heze Unicom has deployed high-performance wireless access points (APs) throughout the park to meet the high demand for stable and fast internet access, particularly in indoor areas [4] - The implementation of a smart parking system has significantly reduced wait times for payment, while providing management with real-time data on parking space usage to optimize resource allocation [4] - The upgraded ticketing management system integrates various data streams, allowing for efficient visitor flow management and resource allocation based on real-time conditions, enhancing overall visitor comfort and safety [4] Group 3: Management Efficiency - The Smart Cultural Tourism Comprehensive Management Platform serves as the central hub for managing various operational aspects, including system management, video surveillance, and access control, facilitating a fully digital and intelligent management approach [6] - The platform enables real-time monitoring of park facilities, allowing for prompt maintenance and ensuring operational efficiency [6] - The introduction of a visual dialogue feature connects management personnel with visitors, providing immediate assistance and enhancing service quality [6]

Group 1 - The communication index increased by 0.73% as of May 26, 2025, with notable stock performances from Wuhan Fangu, Yongding Co., Wanma Technology, Haige Communication, and Shenglu Communication [1] - The communication ETF (159695) rose by 0.88%, with a 3.09% increase over the past month, ranking first among comparable funds [1] - The communication ETF recorded a trading volume of 1.0157 million yuan during the session, with an average daily trading volume of 8.9962 million yuan over the past year [4] Group 2 - The communication ETF's scale grew by 13.1801 million yuan in the past six months, leading in growth among comparable funds [4] - The ETF's shares increased by 13 million units in the last six months, also ranking first in new share growth among comparable funds [4] - The Ministry of Industry and Information Technology plans to accelerate the development of 5G-A and 6G technologies, enhancing modern industrial systems [4] Group 3 - The top ten weighted stocks in the communication index include China Telecom, ZTE, China Mobile, and China Unicom, accounting for 58.92% of the index [4] - Investors can access opportunities in optical communication under the AI transformation through the communication ETF linked fund (019072) [4]

在数字经济与实体经济深度融合的当下，一批青年科技工作者以创新为笔，在传统产业转型升级和新质 生产力引领的画卷上描绘青春色彩。中国联通3名90后青年——和杉杉、竹梦圆、迟科勋，在通信、纺 织、海洋、人工智能等领域不断探索，努力实现技术革新，并先后入选中国科协"青年人才托举工程"， 展现了新时代青年科技工作者的担当与智慧。 让5G+赋能千行百业 "传统行业不是不能变，而是需要有人先动起来。"中国联通服装军团首席专家和杉杉曾在东华大学任 教。如今，这名90后带领团队打造出"衣影"AI大模型，仅需3秒即可完成服装设计，让"千人千面"的个 性化定制成为可能。 在纺织车间，和杉杉团队用5G+物联网技术，改变了过去"日行三万步"的工作模式。"有纱线断裂，系 统会自动定位，老师傅终于能坐下来喝口热茶了。"她说。 更"硬核"的是，和杉杉团队在玻璃纤维领域打造的5G LAN工厂，实现了5G-A技术对核心生产环节的控 制。 海洋通信专家迟科勋同样在突破行业边界。他和团队研发的"沃渔通"系列产品，将海上通信成本从500 元/1.2GB的"天价"降到普惠水平，让青岛近海120公里范围内的渔民和游客都能享受稳定的5G网络。"过 去海钓直 ...

Core Insights - The article discusses a coordination meeting held by the Henan Air Traffic Control Bureau with major telecom operators to ensure communication network safety during the upcoming rainy season [1][2] - The meeting focused on emergency communication support, risk identification, and collaborative response to extreme weather conditions [1][2] Group 1: Meeting Objectives - The meeting aimed to develop targeted measures for ensuring safe air traffic control operations during the rainy season [1] - Key topics included emergency communication support, risk assessment, and collaborative actions among telecom operators [1] Group 2: Responses from Telecom Operators - The three major telecom operators confirmed the establishment of comprehensive emergency flood prevention mechanisms and will implement measures based on meteorological warnings [2] - Operators addressed identified facility hazards, stating that local fiber optic cables are well-protected, and they will promptly address any issues with overhead cables [2] Group 3: Action Plans and Outcomes - A detailed inspection and rectification plan was developed to ensure timely identification and resolution of potential communication hazards during the rainy season [2] - The meeting resulted in a clearer division of responsibilities and improved collaborative mechanisms among the Henan Air Traffic Control Bureau and telecom operators, enhancing emergency response capabilities [2]

Core Viewpoint - The digital transformation of the cultural tourism industry is essential for enhancing competitiveness and improving visitor experiences, as demonstrated by the collaboration between Heze Unicom and Guanyu Peony Garden to create a "Smart Cultural Tourism Comprehensive Management Platform" [1] Group 1: Safety Management - Heze Unicom has established a comprehensive safety defense system for Guanyu Peony Garden, featuring high-definition surveillance cameras for 24/7 monitoring in key areas [2] - The AI cloud police system within the management platform analyzes vast amounts of surveillance footage, achieving a 90% accuracy rate in identifying unusual situations such as crowd gatherings and fire hazards, enabling rapid alerts and responses [2] - A professional fire and security system, including advanced fire alarm and control devices, ensures robust safety measures, while a patrolling system allows security personnel to monitor and respond to incidents effectively [2] Group 2: Visitor Experience Enhancement - Heze Unicom has deployed numerous high-performance wireless access points (APs) throughout the garden to ensure stable and high-speed internet access for visitors, particularly in indoor areas [3] - The implementation of a smart parking system has significantly reduced payment wait times, with management able to track parking space usage and optimize resource allocation [3] - The upgraded ticketing management system integrates various data points, allowing for real-time visitor flow management and resource allocation, enhancing overall visitor comfort and safety [3] Group 3: Management Efficiency - The Smart Cultural Tourism Comprehensive Management Platform serves as the central hub for managing various systems, enabling digital and intelligent management of the garden [5] - The platform allows management to monitor and control various facilities, ensuring timely maintenance and operational efficiency [5] - A visual dialogue feature facilitates real-time communication between visitors and management, enhancing service quality and responsiveness [5]

Core Viewpoint - The successful communication support for the recent Wuaizao Music Festival in Zaozhuang was achieved through effective planning and execution by Zaozhuang Unicom, ensuring seamless connectivity for attendees [1]. Group 1: Preparation and Deployment - Zaozhuang Unicom established a "Party Member Pioneer Special Guarantee Team" to integrate party work with communication support tasks, completing 12 rounds of venue inspections and identifying 3 weak signal points [3]. - The team utilized big data technology for traffic peak prediction and led a network upgrade project, enhancing 24 base station devices and adding 24 new carriers [3]. Group 2: Intelligent Scheduling - The core network parameters were optimized by 12 items, and an intelligent traffic scheduling system was deployed for real-time resource allocation [5]. - The venue had 3 existing 4G and 5G stations each, with 13 4G cells and 9 5G cells, and an additional 24 devices were installed on both sides of the venue [5][6]. Group 3: Performance and Results - After one week of optimization, the 5G download speed reached 232.92 Mb and upload speed 136.76 Mb, with zero interruptions in video streaming and calls [8]. - The event supported 23,000 attendees in sharing content in real-time, achieving over 1 million interactions on social media, and meeting the goal of "zero faults, zero complaints" [8].

Group 1 - The core viewpoint of the article highlights the performance of the China Securities Hong Kong Stock Connect TMT Index, which has seen a 10.93% increase over the past month and a 22.64% increase year-to-date [1] - The index consists of 50 listed companies in the TMT sector selected from the Hong Kong Stock Connect, reflecting the overall performance of related industry companies [1] - The top ten weighted companies in the index include Xiaomi Group-W (21.12%), Tencent Holdings (14.91%), and China Mobile (14.28%) [1] Group 2 - The index is adjusted semi-annually, with changes implemented on the next trading day following the second Friday of June and December [2] - In special circumstances, the index may undergo temporary adjustments, such as removing companies that are delisted or adding new TMT companies that rank in the top ten by market capitalization [2] - The index's holdings are entirely composed of companies listed on the Hong Kong Stock Exchange, with 52.50% in communication services and 47.50% in information technology [1]

Core Viewpoint - The launch of 5G-A marks an enhancement over 5G, providing improved network capabilities and catering to both individual and industrial user needs [1][4]. Group 1: 5G-A Commercial Launch - China Telecom officially announced the commercial launch of 5G-A on May 17, offering various packages priced at 199, 299, and 399 yuan [2]. - China Mobile introduced its "Three Major Feedback Plans" on May 15, targeting 5G-A users with packages ranging from 199 to 999 yuan per month, aiming to acquire 50 million 5G-A users this year [2]. - China Unicom's 5G-A packages include multiple tiers, such as youth, business, and cloud acceleration versions, with prices starting at 21.9 yuan for 10GB [2]. Group 2: Technological Advancements - 5G-A integrates new technologies like 3CC carrier aggregation and low-latency reliable networks, enabling advancements in various sectors such as low-altitude economy, smart cities, and industrial internet [1][4]. - The transition from 5G to 5G-A is a necessary step towards 6G, with significant improvements in capacity, speed, latency, positioning, and reliability [1]. Group 3: Market Impact - The introduction of 5G-A is expected to drive double-digit growth in DOU (average monthly data usage per household) and ARPU (average revenue per user) for telecom operators [3]. - Operators are shifting their focus from resource-oriented to application-oriented network operations, creating diverse packages tailored to specific user needs [4]. Group 4: Infrastructure Development - By 2024, over 100,000 5G-A base stations are projected to be deployed, with significant investments planned by major operators [5][6]. - China Mobile plans to invest 9.8 billion yuan in 2025 for 5G-A, aiming for extensive coverage in key urban areas [6][7]. Group 5: Investment Recommendations - In the current macroeconomic environment, telecom operators are recommended for investment due to their strong profitability and high dividends, with the acceleration of 5G-A commercialization expected to enhance operational efficiency [8].

通信周观点： 1）美国商务部 5 月 13 日升级对华芯片管制，撤销《AI 扩散规则》并出台三项新规：全球禁用华为昇腾芯片、限制美 芯片用于中国 AI 训练、强化供应链审查。此外黄仁勋受访时表示英伟达将重新推出面向中国市场的芯片，但不会再 推出 Hopper 系列产品，预计将采用 GDDR7 显存替代 HBM 高带宽内存，以满足美国出口限制要求。我们认为从性能看， 国产芯片性能或将大超英伟达改版后芯片性能，利好国产算力芯片。2）因英伟达 AI 芯片出货量不及预期（GB200 出 货不及预期，且 H20 受到管制，NVIDIA 计提约 55 亿美元的与 H20 相关的费用损失），而国内芯片供应增长需要时间， 阿里、腾讯等互联网厂商 1Q25 资本支出略低于市场预期。我们认为短期看，互联网厂商全年资本开支可能略有下滑， 但这也将加速 AI 芯片的国产替代进程。长期看伴随国产 AI 芯片的起量，AI 仍将驱动业务增长。3）英伟达 5 月 14 日 宣布在上海设立 AI 芯片研发中心，并与沙特签署 18000 台 GB300 服务器订单。此举凸显其全球布局战略，将推动高 速光模块及液冷技术需求。海外算力基建需求激增， ...

Core Viewpoint - China Telecom officially launched its 5G-A package on May 17, marking a significant advancement in mobile communication technology, enhancing speed, capacity, and reliability compared to 5G [1][2][4] Group 1: 5G-A Overview - 5G-A is an enhanced version of 5G, serving as a transitional phase towards 6G, with substantial improvements in capacity, speed, latency, positioning, and reliability [1][4] - Users can experience up to 400 Mbps upload and 3 Gbps download speeds under optimal conditions, significantly reducing upload times for large files [1][5] Group 2: Pricing and Packages - China Telecom offers three tiers of 5G-A packages priced at 199 yuan/month, 299 yuan/month, and 399 yuan/month, with varying data limits and speed capabilities [2][3] - Existing users can opt for a 5G-A add-on package, available for monthly or per-use purchase, catering to both individual and family needs [2][3] Group 3: Network Expansion and Coverage - The coverage of 5G-A networks is expanding, with China Telecom planning to deploy approximately 70,000 stations across 121 cities by 2024 [3][4] - China Mobile aims to invest nearly 10 billion yuan to enhance its 5G-A network, targeting over 400,000 intelligent base station upgrades [4] Group 4: Technological Advancements - 5G-A supports a wide range of new functionalities, including high-precision positioning and low-cost IoT applications, which are expected to accelerate digital transformation across various industries [4][5] - The technology is anticipated to facilitate advancements in sectors such as autonomous driving and drone operations, leveraging its low latency and high connectivity capabilities [5]