Core Viewpoint - The article summarizes key announcements from various listed companies in the Shanghai and Shenzhen stock markets, providing insights into their financial performance and strategic plans for investors [2]. Company Announcements - Cambrian expects to achieve an annual revenue of 5 billion to 7 billion yuan in 2025, highlighting the management's preliminary forecast without constituting a commitment to investors [3]. - Guolian Minsheng plans to establish a 1.22 billion yuan fund in collaboration with Guolian Life Insurance, focusing on investments in new productivity and smart technology sectors [4]. - Chipone Technology is planning to acquire equity in Chipwise Semiconductor Technology, leading to a temporary suspension of its stock trading [5][6]. - Dongxin Technology's stock will be suspended for up to three trading days due to abnormal trading fluctuations [7]. - Zhonghuan Hailu is undergoing a potential change in control, resulting in a stock suspension for up to two trading days [8]. - Jinghe Integrated plans to issue H-shares and list on the Hong Kong Stock Exchange, pending shareholder and regulatory approvals [9]. Financial Performance - SMIC reported a 22% increase in revenue to 4.456 billion USD and a 35.6% rise in net profit to 320 million USD for the first half of the year [10]. - Northern Huachuang achieved a 29.51% increase in revenue to 16.142 billion yuan and a 14.97% rise in net profit to 3.208 billion yuan [11]. - Gree Electric's revenue decreased by 2.46% to 97.325 billion yuan, while net profit grew by 1.95% to 14.412 billion yuan [12]. - Wancheng Group reported a staggering 50358.8% increase in net profit to 472 million yuan, with revenue up 106.89% to 22.583 billion yuan [13]. - ZTE Corporation's net profit fell by 11.77% to 5.058 billion yuan, despite a 14.51% increase in revenue to 71.553 billion yuan [14]. - Longxin Bochuang's net profit surged by 1121.21% to 168 million yuan, with revenue increasing by 59.54% to 1.2 billion yuan [15]. - SF Holding's revenue grew by 9.26% to 146.858 billion yuan, with net profit increasing by 19.37% to 5.738 billion yuan [16]. - CITIC Securities reported a 29.80% increase in net profit to 13.719 billion yuan, with revenue up 20.44% to 33.039 billion yuan [18]. - Liou Co. turned a profit with a net profit of 478 million yuan, compared to a loss in the previous year [19][20]. - Guolian Minsheng's net profit skyrocketed by 1185.19% to 1.127 billion yuan, with revenue increasing by 269.40% to 4.011 billion yuan [21]. - Zhongke Shuguang's net profit rose by 29.39% to 729 million yuan, with revenue up 2.41% to 5.85 billion yuan [22]. - Lingzhi Software's net profit increased by 1002.2% to 112 million yuan, despite a slight revenue decline [23]. - Huasheng Tiancheng returned to profitability with a net profit of 140 million yuan, compared to a loss in the previous year [24]. - China Galaxy's net profit grew by 47.86% to 6.488 billion yuan, with revenue increasing by 37.71% to 13.747 billion yuan [25]. - Huahong's net profit fell by 71.95% to 74.315 million yuan, despite a revenue increase of 19.09% [26]. - XGIMI Technology's net profit surged by 2062.34% to 88.662 million yuan, with revenue up 1.63% [27]. - Zhongjin Gold's net profit increased by 54.64% to 2.695 billion yuan, with revenue rising by 22.90% to 35.067 billion yuan [28]. - Zhongwei Company reported a 36.62% increase in net profit to 706 million yuan, with revenue up 43.88% [29]. - Tianpu Company reported a net profit decline of 16.08% to 11.298 million yuan, with revenue down 3.44% [30]. - Haier Smart Home's net profit increased by 15.59% to 12.033 billion yuan, with revenue up 10.22% to 156.494 billion yuan [31]. Shareholding Changes - Aojie Technology's shareholder Alibaba Network plans to reduce its stake by up to 3% [32]. - Hengsheng Energy's actual controller plans to reduce its stake by up to 2% [33][34]. - Jinghua New Materials' controlling shareholder plans to reduce its stake by up to 3.01% [35]. - Chunzong Technology's multiple shareholders plan to reduce their stake by up to 2% [36].

Core Viewpoint - ZTE Corporation is focusing on innovation and upgrading its strategy from "connectivity" to "connectivity + computing power" in response to the rapid development of artificial intelligence, aiming to become a leader in network connectivity and intelligent computing power [1] Financial Performance - In the first half of 2025, ZTE achieved operating revenue of 71.553 billion RMB, representing a year-on-year growth of 14.51% [1] - The net profit attributable to ordinary shareholders of the listed company was 5.058 billion RMB, a decrease of 11.77% year-on-year [1] - The net profit attributable to ordinary shareholders after deducting non-recurring gains and losses was 4.104 billion RMB, down 17.32% year-on-year [1]

Core Insights - ZTE Corporation reported a revenue of 71.55 billion yuan for the first half of 2025, representing a year-on-year growth of 14.5% [2] - The net profit attributable to shareholders was 5.06 billion yuan, with a non-recurring net profit of 4.1 billion yuan [2] - The company’s strategy focuses on AI and ICT integration, aiming to enhance market share both domestically and internationally [2] Financial Performance - Revenue breakdown: Domestic market revenue was 50.62 billion yuan (70.7% of total), while international market revenue was 20.93 billion yuan (29.3% of total), with year-on-year growth of 17.5% and 7.8% respectively [2] - Business segment performance: Revenue from carrier networks was 35.06 billion yuan, from government and enterprise was 19.25 billion yuan, and from consumer business was 17.24 billion yuan [2] - The second curve revenue, represented by computing and terminal products, grew nearly 100% year-on-year, accounting for over 35% of total revenue [2] R&D and Innovation - R&D expenses totaled 12.66 billion yuan, approximately 18% of total revenue [3] - The company holds around 94,000 global patent applications, with over 50,000 patents granted [3] - In the AI sector, ZTE has nearly 5,500 patent applications, with almost half already authorized; in the chip sector, there are about 5,700 applications with over 3,700 granted [3]

Market Overview - The Shanghai Composite Index rose by 1.14% on August 28, with 22 out of 28 sectors experiencing gains, led by the communication and electronics sectors, which increased by 7.14% and 5.53% respectively [1] - The coal and agriculture sectors saw declines of 0.81% and 0.73% respectively [1] Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 44.343 billion yuan, with five sectors seeing net inflows [1] - The electronics sector had the highest net inflow of 10.553 billion yuan, followed by the communication sector with a net inflow of 4.998 billion yuan [1] Communication Sector Performance - The communication sector increased by 7.14% with a total net inflow of 4.998 billion yuan, where 104 out of 125 stocks rose, including 5 that hit the daily limit [2] - The top three stocks by net inflow in the communication sector were ZTE Corporation with 1.352 billion yuan, followed by NewEase with 1.053 billion yuan, and Tianfu Communication with 700 million yuan [2] Communication Sector Fund Outflow - The communication sector also had stocks with significant net outflows, with Data Port leading at 205.516 million yuan, followed by Yiyuan Communication and Yongding Co. with outflows of 165.283 million yuan and 162.087 million yuan respectively [3]

025年上半年，公司国内市场营业收入约506.17亿元，同比增长17.55%，占营业收入比例70.74%;毛利率 为33.69%，同比下降8.74个百分点。 面向运营商客户，5G网络建设处于成熟期，国内运营商投资延续下降态势，公司运营商网络收入降幅 有所收窄;公司一方面持续深耕无线、有线产品，优化市场格局，巩固国内运营商网络的基本盘，拓展 智算数据中心项目，另一方面，积极布局万兆接入等未来技术方向，为下一阶段规模建设打好基础;面 向政企客户，公司充分把握国内头部互联网公司、行业公司等加大智算投资的机遇，深化市场拓展，扩 大合作规模，智算服务器收入大幅增长，推动政企业务收入翻番;面向消费者，公司FTTR保持市场份 额，移动互联产品实现突破，创新终端二合一云PAD上半年销量突破100万台，共同推动消费者业务收 入稳健增长。 2025年上半年，公司国际市场营业收入约209.36亿元，同比增长7.77%，占营业收入比例29.26%;毛利率 为29.45%，同比下降6.57个百分点。 面向运营商客户，公司坚持大国大T(大T指主流运营商)战略，把握亚太网络合并、非洲和拉美网络现代 化改造和光纤建设带来的市场机会，依托优势 ...

（原标题：中兴通讯(00763)公布中期业绩 归母净利约50.58亿元 同比减少11.77%） 智通财经APP讯，中兴通讯(00763)公布2025年中期业绩，营业收入约715.53亿元，同比增长14.51%;归 属于上市公司普通股股东的净利润约50.58亿元，同比减少11.77%;基本每股收益1.06元。 025年上半年，公司国内市场营业收入约506.17亿元，同比增长17.55%，占营业收入比例70.74%;毛利率 为33.69%，同比下降8.74个百分点。 面向运营商客户，5G网络建设处于成熟期，国内运营商投资延续下降态势，公司运营商网络收入降幅 有所收窄;公司一方面持续深耕无线、有线产品，优化市场格局，巩固国内运营商网络的基本盘，拓展 智算数据中心项目，另一方面，积极布局万兆接入等未来技术方向，为下一阶段规模建设打好基础;面 向政企客户，公司充分把握国内头部互联网公司、行业公司等加大智算投资的机遇，深化市场拓展，扩 大合作规模，智算服务器收入大幅增长，推动政企业务收入翻番;面向消费者，公司FTTR保持市场份 额，移动互联产品实现突破，创新终端二合一云PAD上半年销量突破100万台，共同推动消费者业务收 ...

Core Insights - ZTE Corporation reported a significant increase in revenue from its government and enterprise business, with a year-on-year growth of 109.93% [4] - Overall revenue for the first half of the year reached 71.55 billion yuan, representing a 14.51% increase compared to the previous year [2][4] - However, the company's net profit decreased by 11.77% to 5.06 billion yuan, and the net profit excluding non-recurring items fell by 17.32% to 4.10 billion yuan [2][5] Financial Performance - The overall gross margin for the company was 32.45%, down 7.99% year-on-year [5] - The cash flow from operating activities saw a drastic decline of 81.44%, amounting to 1.30 billion yuan [5] - Accounts receivable increased by 37.17% to 29.20 billion yuan, indicating a rise in short-term receivables [5][6] Business Segments - Government and enterprise business revenue reached 19.25 billion yuan, accounting for 26.91% of total revenue [3][4] - The operator network segment experienced a revenue decline of 5.99%, totaling 35.06 billion yuan, primarily due to decreased income from wireless access products [6][7] - Consumer business revenue grew by 7.59% to 17.23 billion yuan, driven by sales of mobile products and cloud computers [7] Strategic Developments - The company is focusing on future growth by investing in technologies such as 5G-A, 50G PON access upgrades, and 400G OTN construction [6][7] - ZTE is actively expanding its intelligent computing data center projects and enhancing collaboration with operators in computing network and cloud integration [7] - The company maintains a strong position in the market, with several products leading globally, including PON CPE and 5G FWA & MBB market shares [8]

Core Viewpoint - The news highlights various companies' financial performances, stock movements, and strategic decisions, indicating a mixed outlook across different sectors. Performance Summary - Anta Sports clarified it is not a potential acquirer of Canada Goose Holdings [3] - Lianyi Intelligent Manufacturing reported normal operations with no undisclosed significant matters [3] - Huon Electric's robot business is still in the R&D phase and has not generated revenue [3] - Tianfu Communication and Longyang Electronics both reported normal operations with no undisclosed significant matters [3] - Cambrian Technology expects annual revenue of 5 billion to 7 billion yuan in 2025 [3] - CITIC Securities reported a net profit of 13.719 billion yuan for the first half, up 29.8% year-on-year [3] - SMIC's net profit for the first half was 321 million USD, a 35.6% increase year-on-year [3] - Zhongwei Company reported a net profit of 706 million yuan, up 36.62% year-on-year [3] - Wancheng Group's net profit surged 50358.8% to 472 million yuan in the first half [3] - China Galaxy's net profit increased by 47.86% year-on-year, proposing a dividend of 1.25 yuan per 10 shares [3] - Zhujiang Beer reported a net profit of 612 million yuan, up 22.51% year-on-year [3] - Yili Group's net profit decreased by 4.39% to 7.2 billion yuan [3] - Zhongke Titanium White's net profit fell by 14.83% to 259 million yuan [3] - Huasheng Tiancheng turned a profit with a net profit of 140 million yuan [3] - Li Auto's second-quarter revenue totaled 30.2 billion yuan, down 4.5% year-on-year but up 16.7% quarter-on-quarter [3] - Bull Group's net profit decreased by 8% to 2.06 billion yuan [3] - Nanshan Aluminum reported a net profit of 2.625 billion yuan, proposing a dividend of 0.4 yuan per 10 shares [3] - Shuijingfang's net profit fell by 56.52% to 105 million yuan [3] - Huaneng International's net profit increased by 13.15% to 3.904 billion yuan [3] - SAIC Group's net profit decreased by 9.21% to 6.018 billion yuan [3] - SF Holding's net profit increased by 19.4% year-on-year, proposing a dividend of 4.6 yuan per 10 shares [3] - Zhongke Shuguang's net profit increased by 29.39% to 729 million yuan [3] - Shanxi Fenjiu's net profit increased by 1.13% to 8.505 billion yuan [3] - Haier Smart Home reported a net profit of 12.033 billion yuan, proposing a dividend of 2.69 yuan per 10 shares [3] - China State Construction's net profit increased by 3.2% to 30.404 billion yuan [3] - CITIC Construction Investment's net profit was 4.509 billion yuan, proposing a dividend of 1.65 yuan per 10 shares [3] - New China Life Insurance's net profit increased by 33.5% to 14.799 billion yuan [3] - China Southern Airlines reported a loss of 1.533 billion yuan in the first half [3] - Sanhuan Group's net profit increased by 20.63% to 1.237 billion yuan [3] - Yingshi Innovation's net profit increased by 0.25% to 520 million yuan [3] - ZTE's net profit decreased by 11.77% to 5.058 billion yuan [3] - Changxin Bochuang's net profit surged 1121.21% to 168 million yuan [3] Buyback and Shareholding Changes - Spring Airlines plans to repurchase shares worth 300 million to 500 million yuan [4] - Shenzhen Ruijie plans to repurchase 500,000 to 600,000 shares [4] - Haotong Technology's actual controller plans to reduce holdings by up to 3% [4] - Aojie Technology's shareholder Alibaba Network plans to reduce holdings by up to 3% [4] - Chunzong Technology's chairman plans to reduce holdings by up to 2.053% [4] - Zhejiang Shibao's controlling shareholder plans to reduce holdings by up to 2% [4] Contracts and Major Investments - Zhongding Co. signed a strategic cooperation agreement with the Baohe District government for the robotics industry [4] - Tongda Co. is pre-awarded a 122 million yuan procurement project by the State Grid [4] - Runjian Co. won a 392 million yuan project for green power supply in Ulanqab, Inner Mongolia [4] - Dash Intelligent signed a smart project contract for Hualun Century Plaza [4] - Huakang Clean signed a pre-award for a 136 million yuan medical purification project [4] - Shunyu Co. plans to establish a smart water management subsidiary [4] - Guanzhong Ecology plans to invest in a seedling breeding base in Kyrgyzstan [4] Mergers and Acquisitions - Beixin Building Materials intends to acquire 100% equity of an overseas building materials company [4] - Chip Origin plans to purchase equity in Chip Lai Zhirong, with stock suspension starting tomorrow [4] - Kaifa Electric plans to acquire 80% equity of Ouli Power Network for 52 million yuan [4] Other Developments - Jinghe Integration plans to issue H-shares and list on the Hong Kong Stock Exchange [4] - Huahai Qingke plans to issue H-shares and list on the main board of the Hong Kong Stock Exchange [4] - Fuhanwei plans to issue H-shares and list on the Hong Kong Stock Exchange [4]

中兴通讯股份有限公司 董事会审计委员会工作细则 （2025 年 8 月版） （经 2025 年 8 月 28 日召开的中兴通讯股份有限公司 第十届董事会第十二次会议审议通过） 第一章 总则 第一条 为了使董事会更好地履行职责，确保董事会对管理层的有效监督，完善 公司治理结构，根据《中华人民共和国公司法》、《上市公司治理准则》、《香港联 合交易所有限公司证券上市规则》（下称"上市规则"）、《中兴通讯股份有限公司 章程》（下称"《公司章程》"）及其他有关规定，公司特设立董事会审计委员会， 并制定本工作细则。 第二条 董事会审计委员会是董事会按照《公司章程》设立的专门工作机构，主 要负责审核公司财务信息及其披露、监督及评估内外部审计工作和内部控制等。 第二章 人员组成 第三条 审计委员会成员由不少于三名董事组成，委员全部是非执行董事，独立 非执行董事过半数。审计委员会的召集人为会计专业人士。 第四条 审计委员会委员由董事长、二分之一以上独立非执行董事或者全体董事 的三分之一提名，并由董事会选举产生。 第五条 审计委员会设召集人一名，由独立非执行董事委员担任，负责主持委员 会工作；召集人在委员中选举产生。 第六条 现 ...

ZTE CORPORATION 中興通訊股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00763） 董事會審計委員會工作細則 第一章 總則 第一條 為了使董事會更好地履行職責，確保董事會對管理層的有效監督，完善 公司治理結構，根據《中華人民共和國公司法》、《上市公司治理準則》、《香港聯 合交易所有限公司證券上市規則》（下稱"上市規則"）、《中興通訊股份有限公司 章程》（下稱"《公司章程》"）及其他有關規定，公司特設立董事會審計委員會， 並制定本工作細則。 第二條 董事會審計委員會是董事會按照《公司章程》設立的專門工作機構，主 要負責審核公司財務信息及其披露、監督及評估內外部審計工作和內部控制等。 第二章 人員組成 第三條 審計委員會成員由不少於三名董事組成，委員全部是非執行董事，獨立 非執行董事過半數。審計委員會的召集人為會計專業人士。 第四條 審計委員會委員由董事長、二分之一以上獨立非執行董事或者全體董事 的三分之一提名，並由董事會選舉產生。 第五條 審計委員會設召集人一名，由獨立非執行董事委員擔任，負責主持委員 會工作；召集人在委員中選舉產生。 1 第六條 現時負責審計公司帳目的外 ...