香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而産生或因倚 賴該等內容而引致的任何損失承擔任何責任。 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） 二零二四年度股東大會决議公告 本公司及董事會全體成員保證信息披露內容的真實、準確和完整，沒有虛假記載、誤導性 陳述或重大遺漏。 中興通訊股份有限公司（以下簡稱"公司"或"本公司"）已於 2025 年 3 月 28 日以 現場投票及網絡投票相結合的方式召開公司二零二四年度股東大會（簡稱"本次會議"或 "本次股東大會"）。有關本次會議的决議及表决情况如下： 一、重要提示 1、議案15.01《選舉李自學先生爲公司第十届董事會非獨立董事》未獲得表决通過。 2、本次會議不涉及變更以往股東大會已通過的決議。 二、會議召開情況 其中，通過深圳證券交易所交易系統進行網絡投票的具體時間爲：2025年3月28日 9:15—9:25，9:30—11:30和13:00－15:00；通過互聯網投票系統（ht ...

二〇二四年度股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、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"或"本公司"）已于 2025 年 3 月 28 日 以现场投票及网络投票相结合的方式召开公司二〇二四年度股东大会（以下简称"本 次会议"或"本次股东大会"）。有关本次会议的决议及表决情况如下： 一、重要提示 1、议案15.01《选举李自学先生为公司第十届董事会非独立董事》未获得表决通过。 2、本次会议不涉及变更以往股东大会已通过的决议。 证券代码（A/H）：000063/00763 证券简称（A/H）：中兴通讯 公告编号：202525 中兴通讯股份有限公司 （二）召开地点 现场会议的召开地点为本公司深圳总部四楼会议室。 （三）召开方式 1 二、会议召开情况 1、A股股东通过： 现场投票，包括本人亲身出席投票及通过填写表决代理委托书委托他人出席投 票。或 网络投票，公司通过深圳证券交易所交易系统和互联网投票系统向 A 股股东 提供网络形式的投票平台。A 股股东已在本节第（一）条列明的有关时限内通 过上述系统进行网络投票。 2、H股股东通过： 本次会 ...

深圳市福田区中心四路 1-1 号 嘉里建设广场第三座第 2803-04 室 邮编：518048 电话：(86-755) 2939-5288 传真：(86-755) 2939-5289 北京市君合（深圳）律师事务所 关于中兴通讯股份有限公司 二〇二四年度股东大会的法律意见书 致：中兴通讯股份有限公司 北京市君合（深圳）律师事务所（以下简称"本所"）受中兴通讯股份有限公 司（以下简称"贵公司"或"公司"）的委托，就贵公司二〇二四年度股东大会（以 下简称"本次股东大会"）召开的有关事宜，根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《中华人民共和国证券法》、《上市公司股东大会规则》（以 下简称"《股东大会规则》"）等中国现行法律、法规和规范性文件（以下简称"中 国法律、法规"；"中国"包括香港特别行政区、澳门特别行政区及台湾地区，但 为本法律意见书之目的，特指中国大陆地区）以及现行《中兴通讯股份有限公司 章程》（以下简称"《公司章程》"）的有关规定，出具本法律意见书。 本法律意见书仅就本次股东大会的召集和召开程序、出席本次股东大会人员 的资格、召集人资格、会议表决程序是否符合中国法律、法规及《公司章程》 ...

Core Viewpoint - The article highlights the journey of Yan Zu, the general manager of ZTE Venture Capital, emphasizing the importance of an entrepreneurial mindset in investment and the ability to understand the essence of industry growth beyond financial reports [4][5][15]. Group 1: Company Background - ZTE Venture Capital was established in 2017 under ZTE Corporation, focusing on a full-cycle private equity management model [5][9]. - The company has successfully navigated through eight years of investment, witnessing the growth of hard-tech enterprises and their journey through technological challenges [5][21]. Group 2: Investment Philosophy - Yan Zu advocates for an investment approach that prioritizes understanding the core vitality of enterprises rather than merely focusing on financial metrics [15][16]. - The evaluation model emphasizes the importance of the founding team's unique industry insights and problem-solving capabilities over traditional credentials [16][17]. Group 3: Strategic Focus - ZTE Venture Capital maintains a strategic focus on sectors such as communication technology, artificial intelligence, and intelligent manufacturing, aligning closely with ZTE Corporation's core business [22][24]. - The firm has invested in numerous hard-tech companies across various fields, achieving a high success rate in project selection [22][24]. Group 4: Future Outlook - The company plans to support cutting-edge fields like computing chips and integrated communication systems with its upcoming funds, aiming to transform Chinese enterprises from followers to leaders in innovation [26][27].

Investment Rating - The report highlights the investment value of the commercial satellite communication industry, particularly focusing on low Earth orbit (LEO) satellite constellations [3][9]. Core Insights - The satellite internet industry is expected to see significant growth, with the LEO satellite market projected to exceed 1 trillion yuan by 2030, driven by advancements in satellite manufacturing and ground equipment [8][54]. - The report emphasizes the importance of the satellite communication industry in achieving global connectivity and its military potential, which is expected to enhance industry prosperity [8][23]. Summary by Sections Satellite Internet: Application Growth - The satellite industry chain is divided into three segments: space segment (satellite manufacturing and rocket launch), ground segment (ground facilities), and user segment (user terminals and related services). Currently, the LEO satellite internet is in the space segment networking phase, while the high orbit satellite internet has entered the user segment growth phase [7][20]. - The user segment holds a higher value distribution compared to the space segment, indicating a greater potential for investment opportunities as LEO satellites continue to be deployed [20][29]. Market Potential and Growth - The LEO satellite market is estimated to reach approximately 400 billion USD in early 2023, accounting for 14% of the total satellite market. By 2030, the market size in China is expected to approach 1 trillion yuan [8][54]. - The report cites that the satellite manufacturing and ground equipment sectors are likely to experience the first wave of growth within the industry chain [8][54]. Investment Value of the National Commercial Satellite Communication Index - As of March 9, 2025, the satellite communication index shows that the communication industry accounts for 50.14%, followed by national defense and military at 28.67%, and electronics at 16.43% [9]. - The top ten constituent stocks of the index have a combined market capitalization of approximately 1,259.118 billion yuan, with a weighted average return on equity (ROE) of about 9.03% and a projected net profit growth rate of 42.34% over the next two years [9][10]. Policy Support and Industry Development - The report discusses the Chinese government's initiatives to promote the satellite internet industry, including the gradual implementation of business access systems and the encouragement of private sector participation [23][25]. - The "New Infrastructure Action Plan" emphasizes the construction of integrated satellite internet systems, which is expected to benefit related industries [25][29]. Military Applications and Strategic Importance - The military potential of LEO satellite constellations is highlighted, with the U.S. military actively exploring the use of Starlink for various applications, demonstrating the strategic importance of satellite communications in modern warfare [36][46]. - The report notes that the LEO satellite constellations can enhance navigation system accuracy and resilience against interference, making them valuable for military operations [36][42].

天眼查资料显示，中兴通讯股份有限公司，成立于1997年，位于深圳市，是一家以从事计算机、通信和 其他电子设备制造业为主的企业。企业注册资本478325.1552万人民币，实缴资本24903.12万人民币。通 过天眼查大数据分析，中兴通讯股份有限公司共对外投资了107家企业，参与招投标项目5000次，财产 线索方面有商标信息1868条，专利信息5000条，此外企业还拥有行政许可202个。 来源：金融界 中兴通讯申请堆叠交换机框分裂后的处理专利，保 障堆叠交换机框分裂前后的稳定性 金融界2025年3月26日消息，国家知识产权局信息显示，中兴通讯股份有限公司申请一项名为"堆叠交换 机框分裂后的处理方法及装置"的专利，公开号 CN 119676190 A，申请日期为2023年9月。 专利摘要显示，本申请实施例提供了一种堆叠交换机框分裂后的处理方法及装置，该方法包括：交换机 框通过状态日志记录当前时间节点和自身的状态信息，其中，所述交换机框与其他交换机框堆叠，所述 状态信息为主框或备框；在所述交换机框与所述其他交换机框分裂的情况下，所述交换机框查询所述状 态日志，查询到分裂前自身状态为备框的所述交换机框进入退避状态。通 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而産生或 因倚賴該等內容而引致的任何損失承擔任何責任。 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） 關於召開 2024 年度業績說明會並徵集問題的公告 本公司及董事會全體成員保證信息披露的內容真實、準確和完整，沒有虛假記載、誤導性陳 述或重大遺漏。 中興通訊股份有限公司（以下簡稱"公司"）擬於 2025 年 3 月 28 日召開 2024 年度業績 說明會，業績說明會將採用網絡直播的方式舉行，歡迎廣大投資者積極參與。 5、接入方式：投資者可登陸全景網（https://ir.p5w.net/c/000063/）參與 2024 年度業績說明 會。 二、徵集問題事項 公司現就 2024 年度業績和經營情況提前向投資者徵集相關問題，敬請投資者于 2025 年 3 月 27 日中午 12 時前將關注問題發送至公司投資者關係郵箱（IR@zte.com.cn），公司將于 2024 年度業績說明 ...

中兴通讯股份有限公司 关于召开 2024 年度业绩说明会并征集问题的公告 本公司及董事会全体成员保证信息披露的内容真实、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"）拟于 2025 年 3 月 28 日召开 2024 年 度业绩说明会，业绩说明会将采用网络直播的方式举行，欢迎广大投资者积极参与。 一、业绩说明会的安排 1、召开时间：北京时间 2025 年 3 月 28 日（星期五）16:15-17:30 证券代码（A/H）：000063/00763 证券简称(A/H)：中兴通讯 公告编号：202524 2、召开方式：网络直播 三、咨询方式 如有不明事宜，敬请联系公司，联系方式如下： 电话：0755-26770282 传真：0755-26770286 3、出席人员：董事长李自学先生，执行董事、总裁徐子阳先生，执行副总裁、财务 总监李莹女士，执行副总裁、首席运营官谢峻石先生，董事会秘书、公司秘书丁建中先 生。 4、会议语言：中文 5、接入方式：投资者可登陆全景网（https://ir.p5w.net/c/000063/）参与 2024 年度业 绩说明会。 二、征集问题 ...

从指数持仓来看，中证工业4.0指数十大权重分别为：立讯精密（5.29%）、工业富联（5.22%）、京东 方A（5.14%）、兆易创新（5.0%）、北方华创（4.98%）、中科曙光（4.98%）、韦尔股份 （4.97%）、中兴通讯（4.96%）、海康威视（4.94%）、汇川技术（4.77%）。 中证工业4.0指数上涨0.02%，前十大权重包含工业 富联等 金融界3月24日消息，上证指数上涨0.15%，中证工业4.0指数 (工业4.0，399803)上涨0.02%，报4149.99 点，成交额573.38亿元。 数据统计显示，中证工业4.0指数近一个月下跌7.55%，近三个月上涨6.14%，年至今上涨10.31%。 据了解，中证工业4.0指数选取与工业4.0相关的控制硬件、控制软件、终端硬件提供商，以及其他受益 于工业4.0代表性上市公司证券作为指数样本，以反映工业4.0主题公司的整体表现。该指数以2012年06 月29日为基日，以1000.0点为基点。 从中证工业4.0指数持仓样本的行业来看，信息技术占比60.51%、工业占比33.72%、通信服务占比 5.76%。 资料显示，指数样本每季度调整一次，样本调整实 ...

Summary of Key Points from the Conference Call Industry Overview - The discussion revolves around the competition between GPGPU (General-Purpose Graphics Processing Unit) and ASIC (Application-Specific Integrated Circuit) chips in the AI and computing industry [2][4][16]. Core Insights and Arguments - **Performance Comparison**: - ASIC chips focus on low precision tasks and have better power consumption and efficiency compared to GPGPU, but struggle to match GPGPU performance in certain metrics. For instance, NVIDIA's GB200 achieves 5,000 in FP16 mode, significantly outperforming contemporaneous AI chips [2][3]. - NVIDIA's GB200 utilizes HBM3 technology, providing over 13,000 GB/s bandwidth, which is crucial for handling large-scale data [2]. - Google’s TPU V6E shows high memory utilization efficiency in specific tasks, but domestic ASIC chips still lag behind NVIDIA in memory bandwidth and capacity [2]. - **Cost and Resource Optimization**: - Large enterprises are increasingly developing their own AI chips to optimize resources and reduce costs. Estimates suggest that shipping approximately 45,000 to 70,000 cards can cover initial investments [4][8]. - The demand for training clusters has surpassed 100,000 cards, indicating a significant market opportunity for self-developed chips [4][9]. - **Interconnect Capabilities**: - NVIDIA's NV Link demonstrates superior interconnect capabilities, achieving 1.8 TB/s speeds, while competitors primarily use PCIe protocols, which are significantly slower [6][7]. - Innovations like LPU with 230 MB FRAM integration can overcome traditional GPU memory bottlenecks, enhancing performance for low arithmetic intensity tasks [6]. - **Market Trends**: - The AI training and inference market is expanding, with major companies building large GPU clusters. For example, Meta has constructed two 24K GPU clusters, and XAI plans to expand to 1 million cards by 2026 [9]. - The inference segment is projected to grow, with NVIDIA reporting that 40% of its data center revenue comes from inference business [9]. Important but Overlooked Content - **Company Collaborations**: - Marvell has signed a five-year agreement with Amazon to provide customized AI chips, indicating a strategic partnership that could influence the AI chip market significantly [12]. - Broadcom maintains a strong position in the interface interconnect sector, offering differentiated solutions for various AI cluster sizes and has launched a 5nm CMOS technology for high-speed Ethernet NIC devices [5][10]. - **Future Market Expectations**: - Broadcom anticipates its AI Networking (AIN) business revenue to reach between $60 billion and $90 billion by 2027, showcasing robust growth potential [11]. - Marvell is expected to capture at least 20% of the AI chip market by 2028, driven by increasing demand from major clients like Amazon [12]. - **Technological Innovations**: - ZTE is leading in GPGPU chip development and has made significant advancements in high-performance computing infrastructure, including 400G and 800G data switches [13]. - New研股份 is positioned as a key player in custom services and IP licensing, maintaining strong connections with major internet companies [15]. - **Domestic Chip Development**: - While domestic GPGPU and ASIC chips have certain advantages, they still face performance challenges. However, the trend of large enterprises developing their own chips is expected to continue, particularly in the inference era [16].