Core Viewpoint - The article highlights the advancements in digital infrastructure and services by China Unicom in Changsha, focusing on the implementation of 5G-A technology and cloud-based solutions to enhance digital life and support various industries. Group 1: Digital Infrastructure Development - China Unicom has established over 15,000 mobile network base stations in Changsha, achieving a 99% 5G population coverage rate and 98% coverage in administrative villages [9][10] - The company is implementing 5G-A technology, with over 1,500 base stations testing carrier aggregation in high-traffic areas [9][10] - The 5G-A network has demonstrated significant performance improvements, with download speeds exceeding 4Gbps and upload speeds reaching 1Gbps in testing environments [10] Group 2: Cloud and AI Integration - China Unicom's cloud products, such as cloud computers and cloud storage, are designed to enhance user experience in various applications, including remote work and home security [13][14] - The company has launched the "Smart Kitchen Platform," which integrates AI technologies for efficient data annotation and has partnered with multiple industries for digital transformation [15][16] - AI applications developed by China Unicom, such as case assistants and policy assistants, are being utilized across various sectors, showcasing the company's capability in integrating AI with industry needs [16] Group 3: International Service Expansion - China Unicom is fostering international collaboration by signing strategic agreements with organizations in Africa and promoting digital services for local enterprises [17][18] - The company aims to create a "digital export ecosystem" to support local businesses in expanding globally while ensuring secure communication [17] - The emphasis on customer service is evident, with quick response times to international clients' needs, reflecting the company's commitment to a user-friendly service approach [18]

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]

南方财经全媒体记者谭砚文 实习生王明雁 广州报道 日前，第十五届全国运动会和全国第十二届残疾人运动会暨第九届特殊奥林匹克运动会合作伙伴赞助服 务计划发布暨第二批市场开发签约仪式在广州举行。 活动现场，中国联合网络通信有限公司广东省分公司相关负责人介绍，中国联通为赛事提供了1.5亿元 的赞助，合作内容包括建设赛事指挥中心（MOC）、建设信息技术运营中心（TOC）、建设广播电视 传输专网，以及重点场馆的业务及网络服务和重大活动的应急保障。 其中，在赛事指挥中心（MOC）、信息技术运营中心（TOC）的建设中，中国联通将按照组委会和信 息化专班的要求，实现赛事城市一点联动，实现综合数据一屏统揽，实现赛事服务对人员、车辆、物资 的资源的精准调度和精准保障。 当前，十五运会和残特奥会的筹备工作正在有序推进，三大运营商将联手提升赛事数字化服务能力，为 赛会高效运行和观众观赛体验提供保障，以赛事为契机推动粤港澳大湾区数字化发展。 活动现场，中国电信、中国移动、中国联通等企业发布合作伙伴服务计划，三大通信运营商首次在大湾 区联手，推动赛事数字化、智能化升级，为观众和运动员带来新体验，助力打造世界一流"数智湾区"。 中国电信股份 ...

尚航科技在怀来东湾机房的客户主要为三大运营商，终端客户主要为互联网企业。2024年8月起，腾讯 集团已终止向公司采购IDC资源，为应对该不利影响尚航科技开拓了新客户。 瑞财经 王敏 5月13日，广州尚航信息科技股份有限公司（以下简称"尚航科技"）发布关于公开发行股票 并在北交所上市申请文件的第二轮审核问询函。 招股书显示，公司是互联网数据中心领域的一站式服务提供商，主营业务包括IDC综合服务、云综合服 务及其他服务。 报告期内，公司前五大客户主要为三大基础电信运营商及大中型互联网企业，发行人对前五大客户的销 售额占主营业务收入的比例分别为61.40%、66.91%、79.31%及78.95%，客户集中度较高。 其中，2024年上半年，三大基础电信运营商中国电信、中国移动、中国联通贡献49.13%销售收入。 根据问询回复，尚航科技2022年引入三大基础电信运营商并成为主要客户。报告期内，尚航科技存在客 户、供应商重合的情况，主要为三大运营商，尚航科技向三大运营商销售机柜的服务区域与向三大运营 商采购机柜等IDC资源的服务区域相近，均在无锡、怀来地区。 关于业绩下滑风险。根据问询回复及公开信息，报告期内，尚航科技 ...

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 ...

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]

科技赋能乡村，数字建设全域推进 踏入江背镇，一幅充满活力的乡村风貌画卷展现在记者眼前。江背镇的人文风光、乡村景观与特色文旅 深度融合，处处洋溢着蓬勃生机。而这一切的背后，与湖南联通的付出有着密不可分的关系。 在数字技术蓬勃发展的时代浪潮中，乡村振兴已成为实现中华民族伟大复兴的重要战略任务，而数字乡 村建设则是推动乡村振兴的关键力量。在党的二十大"全面推进乡村振兴"战略以及2024年中央一号文件 "数字乡村发展行动" 的指引下，湖南联通积极响应号召，勇担助力乡村发展的社会责任，针对农村市 场精心设计研发了"数字乡村"云平台，致力于为基层治理与服务注入"智慧基因"。 踏入江背镇，解锁科技惠农新"密码" 据悉，"数字乡村"云平台充分发挥5G、物联网、大数据、区块链、人工智能等新一代信息技术优势， 围绕惠农服务、产业升级、乡村治理三个方面，促进农民全面发展、农业全面升级、农村全面进步。 湖南联通依托中国联通在数字技术领域的优势，积极投身江背镇数字乡村建设。2024年，创新性地采 用"整镇签约+平台驱动"模式，在江背镇数字乡村建设中成效显著，成功提升了江背镇的乡村治理能 力。 为深入探究湖南联通赋能数字乡村的具体范例， ...

Group 1 - The communication index has shown a strong increase of 1.23%, with notable stocks such as Qiyu Technology reaching the daily limit increase and Cambridge Technology rising by 7.18% [1] - The communication ETF has seen a weekly increase of 5.11%, ranking first among comparable funds [1] - The trading volume of the communication ETF was 4.34%, with a transaction value of 4.74 million yuan [3] Group 2 - The communication ETF has experienced a significant growth in scale, increasing by 2.26 million yuan over the past two weeks, leading among comparable funds [3] - The ETF's share count has grown by 22 million shares in the last three months, also ranking first among comparable funds [3] - Zhongji Xuchuang, a leading company in optical communication, reported a revenue of 23.862 billion yuan for 2024, a year-on-year increase of 122.64%, and a net profit of 5.171 billion yuan, up 137.93% [3] Group 3 - The first quarter of 2025 saw Zhongji Xuchuang achieve a revenue of 6.674 billion yuan, a year-on-year increase of 37.82%, and a net profit of 1.583 billion yuan, up 56.83% [3] - Predictions indicate that global AI spending will reach 500 billion dollars in 2025, suggesting sustained high growth in revenue and profit for related companies [3] - Companies in the server and connector sectors are expected to perform well due to increased AI demand and capital expenditure growth from domestic and international internet firms [3] Group 4 - The top ten weighted stocks in the communication index account for 58.92% of the total, including major players like China Telecom, ZTE, and China Mobile [4] - Investors can access optical communication investment opportunities through the communication ETF linked fund [4]

Group 1: 5G-A Network Overview - The transition from "5G" to "5G-A" indicates a significant upgrade in network capabilities, with 5G-A offering peak download speeds of up to 10Gbps compared to 1Gbps for standard 5G [1] - To access 5G-A speeds, users must have compatible devices, activate a 5G-A data plan, and be within the coverage area of 5G-A base stations [1] - 5G-A is crucial for industries requiring high-speed connectivity, such as drones and smart driving, enhancing the overall user experience in various applications [1] Group 2: Technological Advancements - 5G-A enhances multiple dimensions including capacity, speed, latency, positioning accuracy, and connection stability, supporting advanced applications like XR and 3D without glasses [2] - In the smart driving sector, 5G-A's low latency and high precision enable real-time traffic signal reception and obstacle warnings, improving safety [3] - The integration of 5G-A with satellite navigation systems allows for centimeter-level vehicle positioning, facilitating advanced driving applications [3] Group 3: Industry Growth and Opportunities - The low-altitude economy is experiencing rapid growth, coinciding with the commercial rollout of 5G-A, which enhances operational efficiency in the drone industry [3] - Major telecommunications companies are actively expanding their 5G-A networks, with China Mobile planning to cover over 300 cities by the end of 2024 [5] - China Telecom and China Unicom are also increasing their 5G-A deployments, with significant investments and plans for extensive coverage [6] Group 4: Policy and Future Projections - Local governments are supporting 5G-A applications, with initiatives launched in provinces like Shandong and Chongqing to enhance network infrastructure [6] - By 2025, the information and communication industry aims to achieve comprehensive commercial deployment of 5G-A, with projections indicating that China will account for over 50% of global 5G-A users [7]