5G又有重磅驱动！ 今日午后，A股5G概念股局部异动，武汉凡谷直线涨停，硕贝德涨超10%，创远信科直线拉涨超13%，硕贝德、广哈 通信、华脉科技、瀛通通讯等纷纷冲高。 据央视新闻报道，最近，不少北京移动和联通用户发现手机上出现了5G高级（下文称"5G-A"）信号。报道认为， 5G-A和5G相比，能够在容量、速率、时延、定位、可靠性等方面实现大幅提升，可以带来更快、更优质的通信体 验，并有望实现低成本千亿物联。 据业内专家介绍，中国电信运营商已在全国31个省区部署了5G-A试验网络，初期容量可支持5000万用户。该技术也 已在欧洲、拉美、中东等全球其他地区得到验证。中国移动表示，计划今年投资近100亿元人民币（约合14亿美 元），扩展其5G-A无线网络中基于人工智能的应用，并升级超过40万个基站。中国电信等其他运营商正在多个行业 试点5G-A解决方案。 与此同时，中国联通计划在39个重点城市和300多个城市应用区启动5G-A，覆盖物联网（IoT）、车联网（IoV）和 工业互联网等关键场景。目前，中国移动已公布100个支持5G-A网络的试点城市，并计划在今年年底前将覆盖范围 扩大到全国300多个城市。仅在北京，就 ...

Core Viewpoint - Beijing Unicom has launched the "Dual Ten Thousand Megabit AI Empowerment Action" to enhance digital transformation and improve public services through the integration of dual ten-thousand megabit networks and AI technology [1][2]. Group 1: Company Initiatives - Beijing Unicom has established the first ten-thousand optical network village live broadcast base and the largest ten-thousand experience space in the country, setting an industry benchmark [1]. - The company aims to cover over 50% of residential communities in Beijing with ten-thousand broadband capabilities, reaching nearly 5,000 communities, and has surpassed 1.5 million 5G-A users [2]. - The initiative includes three major measures: "New Network Connection," "New Intelligence Aggregation," and "New Commitment Practice," focusing on network innovation, product ecosystem development, and service enhancement [2]. Group 2: Technological Advancements - The F5G-A and 5G-A ten-thousand networks can achieve download speeds of 10,000 Mbps and upload speeds of 1,000 Mbps, supporting over 200 large smart devices simultaneously [3]. - The integration of AI with dual ten-thousand networks is expected to accelerate the commercialization of the dual ten-thousand industry by 2025, enhancing user experience across various scenarios [3]. Group 3: Industry Expectations - The Beijing Municipal Communications Administration has expressed expectations for Beijing Unicom to continue strengthening network infrastructure, leading industry innovation, and enhancing key technology research and development [1].

Core Viewpoint - Liaoning Unicom's network investment costs for 2024 have significantly decreased compared to 2023, achieving the largest reduction within the group while improving network perception and performance in certain areas beyond competitors [1][4]. Group 1: Network Investment Costs - In 2022, Liaoning Unicom's network investment cost was over 2 billion yuan, which increased to over 3 billion yuan in 2023, reflecting a growth rate exceeding 5% [3]. - For 2024, Liaoning Unicom's network investment cost has decreased by over 200 million yuan, falling below the investment level of 2022, making it the top reduction within the group [4]. Group 2: Network Construction and Reputation - Liaoning Unicom ranks sixth in revenue among China Unicom's provincial companies and also holds the sixth position in network investment scale, indicating a focus on efficient spending and investment [4]. - The company has made significant advancements in network construction, particularly in 5G technology, with a focus on major cities like Shenyang and Dalian, and has successfully implemented 5G-A technology in public transport [4][5]. Group 3: 5G Network Deployment - Liaoning Unicom has deployed 5G-A networks in both subways and high-speed rail, enhancing network capabilities in densely populated areas [5]. - The company launched the Northeast's first 5G-A 10G subway demonstration line and upgraded 10 subway lines across the province, achieving multiple-fold increases in peak network speeds [5][6]. - The establishment of the first 5G-A three-carrier aggregation and intelligent computing high-speed rail demonstration network has set a new industry benchmark for peak user speeds of 1.5 Gbps [5][6]. Group 4: Cost Efficiency and Quality Improvement - Despite the reduction in network investment costs, Liaoning Unicom has successfully enhanced the quality of its 5G network and improved user satisfaction, demonstrating effective resource allocation [7].

Group 1: Economic Development and Digital Transformation - Jiangxia District in Wuhan has ranked first in the provincial county economic comprehensive ranking for eleven consecutive years and has been included in the national industrial top 100 districts for four years [1] - Wuhan Unicom is actively promoting the transformation of Jiangxia from an agricultural region to a strong agricultural area, focusing on digital rural pilot projects to enhance smart applications and modern governance [1] Group 2: Digital Party Building - Wuhan Unicom has initiated a pilot project in rural areas to enhance the management of party members and activities, addressing challenges such as the dispersion of rural party members [2] - The project includes a closed-loop network platform for collecting and responding to community needs, facilitating a more efficient service delivery system [2] Group 3: Safety and Security in Rural Areas - The company has implemented a comprehensive information feedback system using video monitoring and IoT devices to assist village committees in managing and caring for elderly residents [3] - A closed-loop elderly care model has been established, allowing for timely responses to emergencies and providing practical solutions to community issues [3] Group 4: Tourism Management - Wuhan Unicom has developed a comprehensive management platform that utilizes 5G technology to monitor various data points in rural tourism areas, enhancing visitor experience and safety [4] - The platform has indirectly boosted tourism revenue by over 20 million yuan through improved safety governance [4] Group 5: Agricultural Technology - The company has launched a digital project in Leiling Village, integrating various technologies for real-time monitoring of agricultural conditions, thus facilitating a shift from traditional farming to technology-driven practices [5] - The project includes automated irrigation and environmental monitoring, allowing farmers to optimize crop growth conditions [5]

Market Overview - The FTSE China A50 index components showed mixed performance with insurance and liquor sectors rising, while banking and semiconductor sectors had varied results, and the power sector weakened [1][4]. Insurance Sector - China Pacific Insurance, Ping An Insurance, and China Life Insurance had market capitalizations of CNY 293.04 billion, CNY 931.09 billion, and CNY 319.74 billion respectively, with trading volumes of CNY 557 million, CNY 1.019 billion, and CNY 389 million [3]. - China Pacific Insurance rose by 2.04%, Ping An by 0.83%, and China Life by 2.41% [3]. Liquor Industry - Kweichow Moutai, Wuliangye, and Shanxi Xinghuacun Fenjiu had market capitalizations of CNY 1,950.62 billion, CNY 249.58 billion, and CNY 502.40 billion respectively, with trading volumes of CNY 1.656 billion, CNY 506 million, and CNY 1.114 billion [3]. - Kweichow Moutai increased by 0.37%, Wuliangye by 0.24%, and Shanxi Xinghuacun by 0.57% [3]. Semiconductor Sector - Northern Huachuang, Cambricon Technologies, and Haiguang Information had market capitalizations of CNY 243.10 billion, CNY 292.64 billion, and CNY 346.81 billion respectively, with trading volumes of CNY 979 million, CNY 2.570 billion, and CNY 1.077 billion [3]. - Northern Huachuang rose by 0.92%, while Cambricon Technologies fell by 0.37% and Haiguang Information increased by 0.41% [3]. Automotive Sector - BYD, Great Wall Motors, and Beijing-Shanghai High-Speed Railway had market capitalizations of CNY 196.10 billion, CNY 284.33 billion, and CNY 1,095.37 billion respectively, with trading volumes of CNY 3.165 billion, CNY 192 million, and CNY 285 million [3]. - BYD increased by 2.08%, Great Wall Motors by 1.46%, while Beijing-Shanghai High-Speed Railway decreased by 0.34% [3]. Power Sector - China Yangtze Power, China Nuclear Power, and China Power had market capitalizations of CNY 713.74 billion, CNY 191.08 billion, and CNY 332.60 billion respectively, with trading volumes of CNY 1.589 billion, CNY 405 million, and CNY 4.380 billion [4]. - China Nuclear Power rose by 2.43%, while China Yangtze Power fell by 1.12% [4]. Other Sectors - Various sectors including food and beverage, electronics, and pharmaceuticals showed diverse performances with notable market capitalizations and trading volumes [4][5].

Core Viewpoint - The emergence of new professions such as cloud network intelligent operation personnel is a direct result of advancements in technologies like artificial intelligence, quantum computing, and biomanufacturing, reflecting the transformation of labor in the digital age [2][6]. Group 1: New Professions - New roles like generative AI system application personnel and intelligent connected vehicle testers are rapidly emerging as part of the technological revolution [2]. - The cloud network intelligent operation personnel are crucial for ensuring the stability and security of digital transformations across various industries [2][6]. Group 2: Job Responsibilities - Cloud network intelligent operation personnel work 24/7 to monitor and troubleshoot cloud services, ensuring that digital operations run smoothly [3][4]. - They utilize advanced digital tools for real-time monitoring and maintenance of servers, network devices, and cloud platforms, acting as the "firefighters" of the cloud [4][5]. Group 3: Skills and Training - Essential skills for cloud network intelligent operation personnel include familiarity with cloud computing, network technology, operating systems, programming, and data analysis [5][6]. - The rapid growth of the cloud computing sector has led to a significant increase in demand for skilled personnel, with estimates suggesting over one million professionals in this field in China [6][7]. Group 4: Market Growth and Demand - The cloud computing and intelligent computing markets are experiencing a new growth phase, with applications expanding beyond the internet sector into government, finance, manufacturing, and transportation [7][8]. - By the end of 2024, China's computing power is projected to reach 280 EFLOPS, ranking second globally, indicating a robust demand for infrastructure and skilled personnel [7][8]. Group 5: Future Outlook - The increasing complexity of technology and the rise of AI are expected to elevate the requirements for operational personnel, leading to higher salaries and a tighter job market for experienced professionals [8]. - Educational institutions and training programs are responding to the talent gap by offering specialized courses in cloud computing and related fields [8].

Core Viewpoint - The event "AI Empowerment, Great Collection" organized by Guangzhou Unicom showcased the latest applications of artificial intelligence technology, attracting over 30,000 participants on its first day [1]. Group 1: Event Overview - The event utilized a "1+1+N" model, taking place simultaneously at multiple venues including the main site in Zhujiang New Town, Guangzhou University Town, and various community locations [1]. - Activities included low-altitude football, AI pulse diagnosis in traditional Chinese medicine, and interactive digital human experiences, demonstrating over ten interactive AI application scenarios [1]. Group 2: Highlights of Activities - A drone football competition featuring AI technology was a major highlight, showcasing drones performing high-difficulty maneuvers such as high-speed passes and precise shots [3]. - The AI smart education innovation at the Guangzhou University Town attracted many students, allowing them to connect to the campus network without a VPN [3]. - AI markets were held in large communities, Unicom service halls, and creative parks, enabling citizens to experience AI cloud gaming, home monitoring, and smart robots [3]. Group 3: Future Implications - The event aimed to promote the widespread application of AI technology through roadshows, community science popularization, and esports integration [5]. - A representative from Guangzhou Unicom stated that the company will continue to leverage digital technology for innovation, promoting deep integration of AI across various industries to enhance smart living [5].

2024中期业绩 中国联合网络通信（香港）股份有限公司 762.HK 预测性陈述 本推介材料中所包含的某些陈述可能被视为"预测性陈述" 。这些预测性 陈述涉及已知和未知的风险、不确定性及其他因素，可能导致本公司的实 际表现、财务状况和经营业绩与预测性陈述中所暗示的将来表现、财务状 况和经营业绩有重大出入。此外，我们将不会更新这些预测性陈述。本公 司及其董事、雇员和代理均不会承担倘因任何预测性陈述不能实现或变得 不正确而引致的任何责任。 2 2023 年 度 业 绩 总体业绩 经营发展稳中有进 收入规模稳健增长 1H 2023 1H 2024 营业收入 （亿元人民币） 1,918 1,973 +2.9% 盈利能力持续提升 1H 2023 1H 2024 153 169 +10.4% 1,710 1,757 1H2023 1H2024 服务收入 （亿元人民币） +2.7% 税前利润 （亿元人民币） 4 2023 年 度 业 绩 推进"三个向新" 网络向新 技术向新 服务向新 5 6 网络向新CAPEX（亿元人民币） 技术向新 服务向新 CAPEX（亿元人民币） 739 650 276 239 2023 2024E ...

China Unicom (Hong Kong) Limited 762.HK Forward-Looking Statements 2024 Annual Results 18 March 2025 3 2023 年 度 业 绩 Overall Results Results Summary—New Breakthroughs in High-quality Development Certain statements contained in this presentation may be viewed as "forward-looking statements". Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially ...

Financial Performance - Operating revenue accelerated, reaching RMB 191833 million, an increase of 8.8% year-on-year[6,11] - Net profit increased by 13.1% year-on-year to RMB 12391 million, marking the 7th consecutive year of double-digit growth[6,11] - Industry Internet revenue grew by 16.3% year-on-year to RMB 42977 million, contributing over 25% of revenue[7,11] - Interim dividend per share (DPS) increased by 23% year-on-year to RMB 0.203[11,46] Network and Infrastructure - The company has deployed over 1.15 million 5G mid-band base transceiver stations (BTS)[13] - Capital expenditure (CAPEX) allocation includes 33% for mobile network, 23% for government and enterprise & innovative business, 16% for home Internet & fixed-line, and 28% for carrier network, infrastructure, and others[13] - Net addition of 5G co-build co-share BTS reached 150,000[15] Business Growth - "Big Connectivity" subscribers reached 928 million, with a net increase of 66.18 million in 1H2023[17] - Mobile basic business subscribers reached 328 million, with 5G package subscribers penetration at 71%, a 13 percentage point year-on-year increase[17] - IoT business connections reached 443 million, with over 90% being high-value 5G & 4G connections[17] - Unicom Cloud revenue increased by 36%[23] - Big Data revenue increased by 54%[26] - International business revenue increased by 21% to RMB 5500 million[35]