Core Insights - The launch of ZTE's smartphone featuring the "Doubao Mobile Assistant Technology Preview" has garnered significant attention in the market [2] - Two days prior, the AI model company Jieyue Xingchen released a similar GUI Agent technology called GELab-Zero, achieving state-of-the-art (SOTA) performance records across various GUI benchmarks [2] - Jieyue Xingchen has collaborated with over 60% of domestic smartphone manufacturers, including Honor, OPPO, and ZTE, to enhance their AI capabilities [2] Company Developments - ZTE has introduced a smartphone equipped with advanced AI assistant technology, indicating a strategic move to enhance user experience [2] - Jieyue Xingchen's GELab-Zero technology is positioned as a competitive alternative in the AI assistant space, showcasing its capabilities on both mobile and desktop platforms [2] Industry Trends - The collaboration between Jieyue Xingchen and ZTE reflects a growing trend in the industry towards integrating AI functionalities into consumer electronics, particularly for older demographics [2] - The increasing adoption of AI technologies by major smartphone manufacturers suggests a shift in market dynamics, with a focus on user-friendly applications and services [2]

以下文章来源于e公司 ，作者证券时报 王小伟 e公司 . e公司，证券时报旗下专注上市公司新媒体产品，立志打造A股上市公司资讯第一平台。提供7x24小时上市公司标准化快讯，针对可能影响上市公司股价的 主题概念、行业事件及时采访二次解读，从投资者需求出发，直播上市公司有价值的活动、会议。 12月1日，字节跳动豆包团队发布豆包手机助手技术预览版。这直接引爆了A股AI手机概念股。 截至收盘，天音控股、福蓉科技、道明光学封板，近两千亿元A股市值的中兴通讯也封在涨停。 记者查询发现，目前 开发者和科技爱好者 已经 可以在豆包与中兴合作的工程样机 nubia M153 上，体验豆包手机助手的技术预览版本。目前该版本已面向开 发者和科技爱好者少量发售，售价 3499 元。 在豆包手机助手发布的技术预览版演示视频中可以看到， AI 助手在与手机厂商深度合作后，操作手机能力和便捷调用大模型能力，成为一大亮点。 视频显示，用户可通过语音、侧边键或豆包 Ola Friend 耳机直接唤醒豆包，实现更便捷的交互。在任意界面使用手机时，用户都可以直接就屏幕内容向豆包 手机助手提问以获取更多信息。同时，豆包手机助手也将语音通话、视频通话 ...

Core Insights - ByteDance's AI assistant "Doubao" has officially entered the smartphone market with the launch of the Doubao Phone Assistant technology preview version [1] - The product features a high-permission Agent capability that allows for system-level permissions and cross-application execution of complex commands, marking a significant shift in interaction paradigms from "clicking icons" to "intent recognition" [1] - The collaboration between ByteDance and ZTE signifies a new phase of ecological synergy between consumer electronics manufacturers and internet giants, with expectations of a global AI smartphone penetration rate exceeding 35% by 2026 [1] Company Collaboration - ByteDance leads the integration of the Doubao large model and AI interaction functionality, while ZTE is responsible for hardware development, manufacturing, and overall integration [1] - The initial batch of devices is approximately 30,000 units, with the second-generation product already in the planning stage for a mid-2026 release [1] Market Analysis - CITIC Securities notes that the partnership between ZTE and Doubao will drive growth in upstream and downstream orders within the industry chain [1] - Huachuang Securities emphasizes that the deep integration of the Doubao large model as a system-level capability will significantly expand the application boundaries of AI models, facilitating the deployment of AI functionalities in more scenarios [1] - Guolian Minsheng's electronic team indicates that the release of ByteDance's AI phone is just the first step, with upcoming AI products from META, Rokid, and OAI expected to follow suit [1] Beneficiary Companies - AI smartphones: ZTE, Xiaomi, Transsion [1] - AI PCs: Lenovo, ASUS [1] - AI glasses: META, Rokid, Thunderbird [1] - Other AI terminals: Google, OAI [1]

Market Overview - The Shanghai Composite Index rose by 0.65%, surpassing the 3900-point mark, while the Shenzhen Component and ChiNext Index both increased by over 1% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.87 trillion yuan, an increase of 288.1 billion yuan compared to the previous trading day [1] Sector Performance - The consumer electronics sector saw significant gains, with nearly 20 stocks, including ZTE Corporation, Broadcom Integration, and Shifeng Culture, hitting the daily limit [1] - The commercial aerospace concept continued to perform strongly, with Aerospace Development achieving 8 limit-ups in 12 days, and stocks like Reco Defense and Tongyu Communication also hitting the limit [1] - The non-ferrous metals sector was active, with stocks such as Minfa Aluminum and Luoping Zinc Electric reaching the daily limit [1] - The photoresist concept experienced a rapid surge, with Huarong Chemical hitting a 20% limit-up [1] Declining Sectors - The battery sector experienced a pullback after an initial rise, with Wanrun New Energy dropping nearly 9% [1] - Sectors such as internet e-commerce, insurance, and batteries saw declines, contrasting with the strong performance of consumer electronics and non-ferrous metals [1]

消息面上，豆包发布手机助手技术预览版，据介绍，豆包手机助手是在豆包App的基础上，和手机厂商 在操作系统层面合作的AI助手软件。中兴通讯表示，搭载豆包手机助手技术预览版的工程样机努比亚 M153目前少量发售。 12月1日盘中，6G、AI手机、电路板等概念股大幅拉升，广和通、中兴通讯、鹏鼎控股、美格智能等批 量涨停。聚焦AI终端+6G+AI算力的5G通信ETF（515050）盘中一度涨超3%。 （文章来源：每日经济新闻） 国盛证券表示，Gemini 3 Pro和DeepSeekMath-V2的进展说明大模型的潜能远未释放完毕。大模型的发 展动力不仅有基于Scaling Law的规模竞赛，还有不断创新的算法，这些创新转化为解决数学推理等复 杂问题的实际能力，AI的进化从未停歇，每一次创新都在不断打破 "AI泡沫论" 的质疑，大模型的能力 边界还将持续拓宽，未来必将在更多专业领域释放更大价值。 近期，AI方面催化密集，有望带动产业链情绪向上：11月27日，阿里巴巴在北京正式发布了其重磅AI 智能硬件新品夸克AI眼镜S1及G1，其搭载了由阿里最强模型千问和夸克AI能力支撑的"夸克同学"AI助 手。夸克AI眼镜S1支持 ...

Group 1 - The A-share market saw a continuous rise in the afternoon of December 1, with the Shenzhen Component Index and ChiNext Index both increasing by over 0.9%. The storage chip sector and photolithography machine concept experienced significant upward movement, while AI glasses and AI mobile phone sectors collectively surged. The ChiNext Software ETF Huaxia (159256) rose by 0.51% during the session, with its holding stock Runze Technology increasing by over 6% [1] - ByteDance and ZTE Corporation announced a joint development of an AI-native mobile phone, set to be released in early December. The product features a core breakthrough with the Doubao mobile assistant, which has system-level permissions and can execute complex commands across applications, marking a shift from "clicking icons" to "intent recognition" in interaction paradigms. The collaboration involves ByteDance leading the integration of the Doubao large model and AI interaction functionality, while ZTE is responsible for hardware development, production, and overall integration. The initial batch will have a supply of approximately 30,000 units, with a second-generation product already in the planning stage for release in the first half of 2026 [1] - In the AI industry chain, the software sector plays a crucial role in both the midstream technology layer and downstream application layer, providing essential technical support and facilitating the implementation of AI applications. Specifically, the software industry offers AI frameworks, development platforms, and algorithm models in the midstream, which are foundational for AI application development. In the downstream, the software sector integrates AI technology with various industries to promote the practical application of AI [1] Group 2 - CITIC Securities analysis indicates that the collaboration between ZTE and Doubao signifies a new phase of ecological collaboration between consumer electronics manufacturers and internet giants, with expectations that the global AI mobile phone penetration rate will exceed 35% by 2026, driving growth in orders across the industry chain [2] - Huachuang Securities further notes that the deep integration of the Doubao large model as a system-level capability will significantly expand the application boundaries of AI models, facilitating the deployment of AI functionalities in more scenarios [2] - Related products include ChiNext Software ETF Huaxia (159256), ChiNext 200 ETF Huaxia (159573), and Artificial Intelligence AI ETF (515070) [2]

Core Viewpoint - The IoT concept stocks have strengthened, with notable increases in companies such as ZTE Corporation reaching the daily limit, and Zhongji Xuchuang and Zhaoyi Innovation rising over 4% [1] Group 1: Market Performance - The ETF tracking the CSI IoT Theme Index has increased by over 2% due to market influences [1] - Specific IoT ETFs have shown positive performance, with the following price changes: - Southern IoT ETF (159896) at 1.118, up 0.032 (2.95%) - E-Fund IoT ETF (159895) at 1.199, up 0.034 (2.92%) - CMB IoT ETF (159701) at 1.110, up 0.031 (2.87%) - IoT 50 ETF (516260) at 1.194, up 0.032 (2.75%) - IoT ETF (516330) at 1.376, up 0.036 (2.69%) [2] Group 2: Industry Developments - The Ministry of Industry and Information Technology has recently issued a notice to organize the commercial trial of satellite IoT services [2] - Satellite IoT services are defined as low-speed data services that provide wide-area IoT connectivity through satellite communication technology for various devices and transportation means [3] - The development of satellite IoT is a significant initiative to support commercial aerospace and is crucial for deepening reforms and developing new productive forces [3]

Core Viewpoint - The AI smartphone concept stocks have experienced significant upward movement, driven by the release of the Doubao mobile assistant technology preview, which has activated the entire consumer electronics sector [2][4]. Group 1: Market Activity - AI smartphone concept stocks, including ZTE, Furong Technology, and Daoming Optics, saw substantial gains, with nearly 20 stocks in the consumer electronics sector hitting the daily limit [2][4]. - The consumer electronics index rose over 2%, with individual stocks like ZTE, Furong Technology, and Daoming Optics reaching their daily limit, while others like Transsion Holdings and Zhinxin Electronics increased by over 10% [4][8]. Group 2: Doubao Mobile Assistant - The Doubao mobile assistant, based on the Doubao app, collaborates with smartphone manufacturers at the operating system level, enhancing user interaction and experience [4][6]. - The Nubia M153, equipped with the Doubao mobile assistant, is currently available for developers and tech enthusiasts at a price of 3499 yuan, featuring a 6.78-inch display and flagship smartphone chip [5][6]. Group 3: Industry Trends and Policies - Recent government policies emphasize the integration of artificial intelligence in consumer products, promoting smart devices and AI applications in various sectors, including consumer electronics [8][9]. - Analysts believe that the current weak demand environment will rely more on supply-driven demand creation, with technology consumption, including consumer electronics, benefiting from policy support [8][9]. Group 4: Future Developments - Doubao's large model is expected to be deeply integrated into smartphones, enhancing functionalities such as image editing and user habit memory, potentially leading to the formation of AI agents [6][10]. - Upcoming updates for the Nubia M153 will occur bi-weekly until the end of Q1 2026, ensuring continuous improvement of the software [5][6].

Core Viewpoint - The AI smartphone concept stocks have experienced significant upward movement, driven by the release of the Doubao mobile assistant technology preview, which has activated the entire consumer electronics sector [1][3]. Group 1: Market Activity - AI smartphone concept stocks, including ZTE, Furong Technology, and Daoming Optics, saw substantial gains, with nearly 20 stocks in the consumer electronics sector hitting the daily limit [1][3]. - The consumer electronics index rose over 2%, with individual stocks like ZTE, Furong Technology, and Daoming Optics reaching their daily limit, while others like Transsion Holdings and Zhinxin Electronics increased by over 10% [3][8]. Group 2: Product Development - The Doubao mobile assistant, based on the Doubao App, is designed to enhance user interaction and experience through collaboration with smartphone manufacturers [3][4]. - The Nubia M153, equipped with the Doubao mobile assistant, is currently available for developers and tech enthusiasts at a price of 3499 yuan, featuring a 6.78-inch display and flagship smartphone chip [4]. Group 3: Industry Trends - The Chinese government has issued a plan to enhance the adaptability of consumer goods supply and demand, focusing on key industries such as smart connected vehicles, smart home, and consumer electronics [6][7]. - The integration of artificial intelligence in consumer products is encouraged, with a focus on developing AI smartphones and other intelligent devices to provide various life services [7]. Group 4: Future Outlook - Analysts predict that the Doubao model will be deeply integrated into smartphones, enhancing capabilities such as image editing and user habit recognition, which could lead to the emergence of AI agents [4][8]. - The upcoming updates to Siri in Apple's iOS 26.4 are expected to improve user experience significantly, potentially leading to a new cycle of smartphone upgrades [8].

Core Viewpoint - ZTE Corporation's A-shares and H-shares experienced significant increases on December 1, with A-shares reaching a limit up at 46.3 CNY per share and H-shares rising over 10% to 34.62 HKD per share, following the announcement of the Nubia M153 smartphone featuring the Doubao mobile assistant technology [1] Group 1: Stock Performance - ZTE's A-shares hit a limit up, trading at 46.3 CNY per share [1] - ZTE's H-shares increased by over 10%, reaching 34.62 HKD per share [1] Group 2: Product Announcement - ZTE announced the limited release of the Nubia M153 smartphone, equipped with the Doubao mobile assistant technology preview version [1] - The Nubia M153 is priced at 3499 CNY and features a Snapdragon 8 Gen 2 processor, a 6.78-inch display, and a 6000mAh battery [1] Group 3: Technical Specifications - The Nubia M153 includes a 6.78-inch LTPO display with a resolution of 1264x2800 [2] - It features a 5000 MP main camera with optical stabilization and a 5000 MP telephoto camera [2] - The device is powered by a Snapdragon 8 Gen 2 platform, with 16GB RAM and 512GB storage [3] Group 4: Software and Updates - The Nubia M153 is intended for industry and early adopters to experience the Doubao mobile assistant [5] - Software updates for the Nubia M153 will occur approximately every two weeks until the end of Q1 2026 [5]