证券代码（A/H）：000063/00763 证券简称（A/H）：中兴通讯 公告编号：202556 中兴通讯股份有限公司 第十届董事会第十二次会议决议公告 本公司及董事会全体成员保证董事会决议公告的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 中兴通讯股份有限公司（以下简称"公司"）已于 2025 年 8 月 14 日以电子 邮件的方式向公司全体董事发出了《关于召开中兴通讯股份有限公司第十届董事 会第十二次会议的通知》。2025 年 8 月 28 日，公司第十届董事会第十二次会议 （以下简称"本次会议"）以电视电话会议方式在公司深圳总部等地召开。本次 会议由董事长方榕女士主持，应到董事 9 名，实到董事 9 名。公司相关人员列席 了本次会议。本次会议的召开符合有关法律、行政法规、部门规章和《中兴通讯 股份有限公司章程》的有关规定，会议合法、有效。 本次会议审议通过了以下议案： 一、审议通过《二〇二五年半年度报告全文、摘要及业绩公告》 表决情况：同意 9 票，反对 0 票，弃权 0 票。 三、审议通过《关于为子公司北京砺睿微电子科技有限公司提供担保的议 案》，决议内容如下： 1、同意中兴通讯股份 ...

Group 1 - The core viewpoint of the articles indicates that on August 28, the main funds in the Shanghai and Shenzhen markets experienced a net outflow of 38.974 billion yuan, with the ChiNext board seeing a net outflow of 20.532 billion yuan and the CSI 300 index stocks a net outflow of 4.118 billion yuan [1] - Among the 22 first-level industries, the communication industry saw the largest increase, rising by 7.14%, followed by the electronics industry with a 5.53% increase [1] - Six industries received net inflows of main funds, with the communication industry leading at 3.323 billion yuan, followed by the electronics industry at 1.708 billion yuan [1] - The computer industry had the largest net outflow, amounting to 11.062 billion yuan, with the electric equipment, pharmaceutical biology, and machinery equipment industries also experiencing significant outflows [1] Group 2 - Notable individual stocks with significant net inflows include China Rare Earth, which saw a net inflow of 1.813 billion yuan, and Shenghong Technology with 1.512 billion yuan [2][4] - The PCB concept stock Shenghong Technology reported a substantial increase in net profit, achieving 2.143 billion yuan in the first half of the year, a year-on-year growth of 366.89% [2] - The articles highlight that over 160 stocks experienced net outflows exceeding 1 billion yuan, with 25 stocks seeing outflows over 3 billion yuan [5] Group 3 - In the tail end of trading, the main funds saw a net inflow of 8.842 billion yuan, with the ChiNext board contributing 5.827 billion yuan [7] - Leading the tail end net inflows was Dongfang Caifu with 769.15 million yuan, followed by Lingyi Technology with 383.66 million yuan [8] - The articles also mention that Zhongji Xuchuang, a leader in optical modules, experienced a significant net outflow of 105.49 million yuan despite a price increase of over 10% [9][10]

Group 1 - The article highlights a trend of decreasing shareholder accounts among 658 companies, with 97 companies experiencing a decline for more than three consecutive periods, indicating a concentration of shares [1][2] - Notable companies with significant declines in shareholder accounts include Unisoc Microelectronics, which has seen a 27.88% drop over 13 periods, and ZTE Corporation, with a 16.17% decrease over 12 periods [1][2] - The article mentions that among the companies with decreasing shareholder accounts, 64 have seen their stock prices rise, while 33 have experienced declines, with notable gainers including Yidong Electronics, ZTE Corporation, and Chuangyitong, which have increased by 82.55%, 46.31%, and 45.50% respectively [2] Group 2 - In terms of industry distribution, the companies with decreasing shareholder accounts are primarily concentrated in the basic chemicals, machinery equipment, and electronics sectors, with 14, 11, and 8 companies respectively [2] - The main board has 62 companies with decreasing shareholder accounts, while the ChiNext board has 33, and the Sci-Tech Innovation board has 2 [2] - Among the companies that have reported their semi-annual results, Fujilai has the highest year-on-year net profit growth of 12430.96%, while Nanshan Holdings is expected to have a net profit median of 92 million, reflecting a year-on-year increase of 177.84% [3]

据香港交易所披露，花旗集团对中兴通讯股份有限公司 - H股的多头持仓比例于2025年8月22日从6.03% 增至6.71%。 ...

Core Insights - The 2025 Power Information Communication New Technology Conference was held in Wuhan, focusing on cutting-edge technologies and development trends in power information communication, promoting green and low-carbon energy transition, and supporting the construction of new power systems [1] - Over 800 representatives from various sectors including grid companies, power generation groups, power construction units, research institutions, and the information communication industry attended the conference [1] Group 1: Challenges and Innovations - ZTE's General Manager of Wired Products, Hu Junjie, highlighted three core challenges facing the new power system: reverse distribution of energy production and consumption, peak regulation bottlenecks in the power grid, and large-scale growth in load [3] - The concept of "Electricity Computing Symbiosis" was introduced, advocating for the establishment of a "safe, efficient, flexible, and intelligent" new power communication network system [3] Group 2: Solutions and Technologies - ZTE showcased a full-stack solution themed "Green and Low Carbon, Smart Power," presenting innovations in power communication and digital business [4] - New generation fgOTN solutions enhance the resilience of the main network; high-isolation GPON, industrial Ethernet switches, and SPN-CPE are introduced to support transparent distribution and integrated power networks [4] - Innovative scenarios such as digital substations effectively support quality and efficiency improvements in power production; the decoupled power intelligence application meets AI scenario demands [4] - The new generation of domestically produced video conferencing solutions achieves full compatibility and autonomy; GoldenDB distributed database and self-developed operating systems lay a solid digital foundation for the development of new productivity in the power industry [4] Group 3: Future Directions - ZTE will continue to focus on underlying technological innovation, leveraging information communication technology advantages to deepen the integration of communication technology with power business [6] - The company aims to explore new scenarios and technologies such as integrated source-grid-load-storage, new power systems, virtual power plants, and large-scale power models, contributing to the digital transformation of the power grid and the construction of new power systems [6]

中兴通讯成交额达100亿元，现涨4.85%。 ...

格隆汇8月28日｜中兴通讯A股涨4.85%，成交额达100亿元。 ...

Group 1: Market Overview - The Hang Seng Index fell by 0.66%, down 165 points, closing at 25,035 points, while the Hang Seng Tech Index decreased by 1.04% [1] - Early trading volume in Hong Kong stocks reached HKD 210.8 billion [1] Group 2: Chip Industry Insights - According to TrendForce, the proportion of external chip suppliers in China's AI server market is expected to drop from 63% in 2024 to 42% by 2025, while local chip suppliers' share may rise to 40%, indicating a trend towards domestic substitution [1] - Chip stocks saw gains, with Shanghai Fudan up 5.79%, SMIC up 8.27%, and Huahong Semiconductor up 4.64% [1] Group 3: Company Performance Highlights - China Cinda's stock rose by 9.74% after reporting a 5.8% year-on-year increase in net profit for the first half of the year, reinforcing its advantage in the non-performing asset management sector [2] - Yadea Holdings' stock increased by over 5% as its net profit for the first half of the year surged nearly 60%, with the new national standard expected to usher in a new industry cycle [3] - CNOOC's stock rose by 4.4% following a mid-term net profit of approximately CNY 69.5 billion, with further potential in overseas exploration [4] - Television Broadcasts' stock fell over 9%, reporting a loss of HKD 108 million for the first half of the year, but expects to achieve positive net profit for the year [5] - Alibaba's stock declined by 3.74% ahead of its first fiscal quarter earnings report, with market concerns regarding the impact of flash sale investments on profits [6] - Lao Pu Gold's stock dropped nearly 4% due to a reduction in shares by the company's incentive platform, although the controlling shareholder did not sell any shares [7] - Smoore International's stock fell over 8%, with a nearly 28% year-on-year decrease in net profit for the first half of the year, affected by increased R&D expenditures [8]

Group 1: Technology Sector Developments - Huawei is set to unveil its new Mate XTs foldable smartphone on September 4, featuring the new Kirin 9020 processor and satellite communication capabilities [2] - Nvidia reported Q2 2026 revenue of $46.743 billion, a 56% year-over-year increase, but its data center revenue fell short of expectations, leading to a market cap loss of $130 billion [3] - IBM and AMD announced a collaboration to develop a next-generation computing architecture that combines quantum computing and high-performance computing [5] - Huawei launched a new high-end SSD series optimized for AI workloads, enhancing performance and lifespan through innovative software [7] Group 2: Consumer Electronics and Appliances - Xiaomi aims to become a leading brand in the home appliance sector by 2030, with a 66% revenue growth in Q2 for its tech appliances, particularly a 60% increase in air conditioning sales [4] - Apple is expected to release the iPhone 17 series on September 10, with plans to discontinue several existing models, including the iPhone 15 and Apple Watch Series 10 [6] Group 3: Transportation and Delivery Services - Tesla expanded its Robotaxi service area in Austin from 91 square miles to 173 square miles and increased its fleet size by 50% [8] - Meituan announced plans to eliminate overtime penalties for its delivery riders by the end of 2025, focusing on improving rider experience [9] - Meituan's CEO stated that the company has reached a daily order volume of 100 million and aims to increase it to 150 million [10] Group 4: Strategic Partnerships and Investments - Horizon Robotics' CEO indicated that the industry is moving towards full-scene autonomous driving within the next five to ten years, with upcoming collaborations in the RoboTaxi sector [11] - JD Supermarket has become the largest importer of Ecuadorian roses in China, reducing prices by 30% through direct sourcing [12] - ZTE and China Guoxin signed a strategic cooperation agreement to enhance investment and market development in emerging industries [12] Group 5: Corporate Changes and Financial Updates - Nanwei Semiconductor appointed Chris Allexandre as the new CEO, effective September 1, 2025, marking a management transition [13] - Nikon announced the closure of its Yokohama manufacturing plant by September 30, 2025, with minimal financial impact expected [15] - Hongjing Technology plans to raise up to 1.35 billion yuan for smart computing projects [16] - Guanghe Technology intends to invest 2.6 billion yuan in a new manufacturing base project [17] - Cambridge Technology's major shareholder reduced its stake by 1.8 million shares [18] - Guoxin Technology announced plans to reduce its shareholding by up to 5% due to fund exits [19] - Yongji Co. terminated its acquisition plan for Turnafly Electronics after negotiations [20] - Chip Enjoy Technology completed a multi-billion B+ round financing to enhance its semiconductor automation services [21]

Core Insights - The domestic chip manufacturers are transitioning from the conceptual phase to the performance realization phase, with significant revenue growth reported by companies like Cambricon and Haiguang Information [1][2] - The trend of domestic chip replacement is gaining momentum, with predictions indicating a decrease in the proportion of foreign chips in China's AI server market from 63% in 2024 to 42% by 2025, while local suppliers' share is expected to rise to 40% [2] Company Performance - Cambricon's Q1 2025 revenue surged 42 times year-on-year to 1.111 billion yuan, achieving a profit of approximately 356 million yuan [1][2] - Haiguang Information reported a revenue increase of 50.76% and a net profit growth of 75.33% during the same period [1][2] Market Trends - The OCS optical circuit switch is positioned for rapid growth, offering significant advantages such as low latency, high energy efficiency, and non-blocking bandwidth, making it a potential core device for the next generation of data center networks [3] - The demand for OCS switches is expected to accelerate, driven by the expansion of data center scales and the need for enhanced interconnectivity and computing power [3] Investment Recommendations - Companies to watch in the chip design and foundry sector include SMIC, Cambricon, Haiguang Information, and others [4] - In the optical module space, key players include NewEase, Cambridge Technology, and Huagong Technology [4] - The switch market features companies like ZTE, Unisoc, and Ruijie Networks as significant players [4] Industry Developments - China Mobile's AI server procurement project for 2025-2026 is valued at over 5 billion yuan, with major contracts awarded to traditional server manufacturers and several Ascend computing firms [6] - OpenAI reported a monthly revenue exceeding 1 billion USD, but faces challenges due to a shortage of computing power, prompting initiatives to enhance infrastructure [7]