每经AI快讯，12月2日，中兴通讯A股成交额超200亿元，现跌2.2%。 （文章来源：每日经济新闻） ...

中兴通讯A股成交额超200亿元，现跌2.2%。 ...

每经AI快讯，中兴通讯(00763.HK)回吐逾7%，昨日大涨近14%，截至发稿跌7.04%，报33.28港元，成交 额21.8亿港元。 ...

Core Viewpoint - ZTE Corporation (000063)(00763) experienced a decline of over 7% after a significant increase of nearly 14% the previous day, currently trading at HKD 33.28 with a transaction volume of HKD 2.18 billion [1] Group 1: Company Developments - ByteDance's AI assistant Doubao and ZTE announced the limited release of the Nubia M153 smartphone, which features Doubao's technology, priced at CNY 3,499 for the 16GB+512GB configuration [1] - Doubao has no plans for self-developed smartphones and is negotiating with multiple manufacturers to integrate its assistant into various brands through "ecosystem cooperation" [1] Group 2: Market Analysis - Nomura's report indicates that ZTE, as an early partner, stands to benefit significantly from ByteDance's edge AI initiative, which may enhance ZTE's smartphone sales [1] - However, Nomura cautions that ZTE's core telecom equipment business is facing a downward capital expenditure cycle in the Chinese market, while the rapidly growing AI server business may dilute the company's overall gross margin in the short term [1] - Nomura maintains a neutral rating with a target price of HKD 39 for ZTE [1]

Core Viewpoint - ZTE Corporation experienced a significant price fluctuation, dropping over 7% after a nearly 14% increase the previous day, indicating volatility in its stock performance [1] Company Developments - ZTE announced the limited release of the nubia M153 smartphone, which features the AI assistant technology from ByteDance's Doubao, priced at 3,499 yuan for the 16GB+512GB configuration [1] - ByteDance clarified that it has no plans to develop its own smartphone but is negotiating with multiple manufacturers to integrate its AI assistant into various brands through "ecosystem cooperation" [1] Market Analysis - Nomura's research report highlighted ZTE as a key beneficiary of ByteDance's edge AI initiative, suggesting that this partnership could enhance ZTE's smartphone sales [1] - However, Nomura also pointed out that ZTE's core telecom equipment business is facing a declining capital expenditure cycle in the Chinese market, which may impact overall profitability [1] - The rapidly growing AI server business could dilute the company's overall gross margin in the short term [1] - Nomura maintains a neutral rating on ZTE with a target price of 39 HKD [1]

Core Insights - The AI market has been vibrant throughout 2025, with significant developments in AI smartphones, particularly the collaboration between Doubao and ZTE [1][5] - The launch of the Doubao AI smartphone has generated excitement in the financial markets, leading to a surge in related stocks [1][2] Group 1: Market Dynamics - The AI smartphone sector is witnessing intense competition, with major players like Apple, Google, and Samsung actively engaging in the market [9][10] - The collaboration between Doubao and ZTE marks a new phase of ecological synergy between consumer electronics manufacturers and internet giants [9][10] - Market research indicates that by September 2025, the number of active users of AI applications on mobile devices in China has surpassed 729 million, with a projected global AI smartphone penetration rate exceeding 35% by 2026 [9] Group 2: Product Launch and Features - The Doubao AI smartphone, featuring the Doubao assistant, has a starting price of 3,499 yuan and a limited initial stock of 30,000 units, which has already sold out [5] - The smartphone will receive updates approximately every two weeks until the end of Q1 2026, enhancing its functionality [5] - The Doubao assistant allows users to perform complex tasks such as cross-application service calls and price comparisons through voice commands [5] Group 3: Competitive Landscape - The competition in the AI sector is shifting from merely comparing model capabilities to a focus on ecological entry points [10][11] - Major tech companies are now prioritizing the development of user-friendly AI interfaces, as the performance gap among top models narrows [11][12] - Morgan Stanley suggests that existing smartphone manufacturers may prefer to develop their own AI solutions, which could complicate the integration of AI into their operating systems [12][13] Group 4: Future Outlook - Analysts believe that the collaboration between Doubao and ZTE may follow a path of outsourcing cloud AI solutions, which could impact user experience and long-term competitiveness [13][14] - Among Chinese smartphone manufacturers, Huawei and Xiaomi are seen as having the potential to succeed by developing their own comprehensive AI solutions [14]

Market Overview - The three major indices opened lower, with the Shanghai Composite Index down 0.14%, the Shenzhen Component down 0.13%, and the ChiNext down 0.04% [1] - Trading volume in the Shanghai and Shenzhen markets exceeded 560 billion, a decrease of over 60 billion compared to the previous day, with an expected total trading amount of over 1.7 trillion for the day [1] Industry Insights - The AI mobile phone concept is actively fluctuating, while the commercial aerospace concept is recovering, and the real estate sector is strengthening [1] - According to a report by CRIC Real Estate Research, the supply of new properties in 30 key cities in November is expected to reach 6.69 million square meters, a month-on-month increase of 16% [1] - In the first batch of sci-tech innovation and entrepreneurship robot ETFs, more funds are expected to flow into the robotics sector, boosting market performance [2] - The CEO of Google DeepMind expressed intentions to make Gemini the software foundation for the robotics world, indicating further investment in embodied robotics [2] Product Development - ZTE announced the limited release of the Nubia M153, which features the Doubao mobile assistant technology, aimed at developers and interested users [3] - The Doubao mobile assistant, led by ByteDance, enhances user interaction and experience through AI capabilities integrated into mobile devices [3] - The development of AI on mobile devices is expected to drive hardware upgrades, potentially leading to a new wave of device replacements [3] Technical Analysis - The market experienced a rebound, with the Shanghai Composite Index returning above 3900 points and trading volume reaching nearly 1.87 trillion [4] - The current rebound is approaching a previous gap and a key resistance level, suggesting a likely consolidation phase [4] - The AI sector is experiencing significant growth, indicating a potential recovery in technology stocks, while sectors like innovative pharmaceuticals and non-ferrous metals remain worth monitoring [4]

Core Viewpoint - Nomura reports that ByteDance is collaborating with ZTE to launch an AI assistant integrated into ZTE's Nubia smartphone brand, indicating a significant advancement in edge AI applications [1] Company Summary - ByteDance and ZTE are partnering to introduce an AI assistant on the Nubia M153 smartphone, priced at 3,499 RMB [1] - The AI assistant can be activated via voice or a side button, capable of executing complex multi-step tasks across applications, such as booking tickets [1] - This collaboration is seen as a seamless integration of advanced AI systems into edge devices, positioning ZTE as a key beneficiary of ByteDance's edge AI initiatives [1] Industry Summary - The partnership may enhance ZTE's smartphone sales, although the company faces challenges in its core telecom equipment business due to a declining capital expenditure cycle in the Chinese market [1] - ZTE's rapidly growing AI server business may dilute overall gross margins in the short term [1] - Nomura maintains a neutral rating on ZTE with a target price of 39 HKD [1]

每经编辑｜张锦河 12月2日，根据中兴商城显示，目前首款"豆包助手"手机已显示"售罄"，闲鱼上该款手机二手售价4200元到4999元之间，比官方售价高出700元到1500元上 下。 nubia M153是目前首款搭载豆包手机助手技术的手机终端。其搭载高通骁龙8至尊版处理器，支持无线充电、NFC等功能。 相比普通手机搭载的AI助手，仅能执行少量步骤的固定执行动作，豆包手机助手的AI操作手机功能可根据用户指令在多款应用间自动跳转，实现比价下 单、批量下载文件、多软件物流进度一键查询等任务。 在隐私安全方面，豆包方面称，"豆包手机助手把隐私保护作为前提而非附加项。"据《豆包手机助手白皮书》，⾖包⼿机助⼿遵循授权同意、最⼩必要、⽤ 户可控原则设计，明确从技术架构上确保不会使⽤⽤户敏感数据训练模型。 每日经济新闻综合第一财经、九派财经 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 "豆包助手"手机由中兴通讯和字节跳动共同开发，其中豆包主导AI手机助手的产品定义与体验，中兴通讯旗下努比亚主导硬件研发设计以及生产制造。 据媒体报道，对于备货和销量数据，努比亚方面对记者表示，"目前暂时 ...

Core Viewpoint - The company, Zhongshi Technology, confirmed its collaboration with major telecommunications equipment manufacturers, including ZTE, Ericsson, Nokia, Cisco, and Finisar, in the digital infrastructure sector [2]. Group 1 - The company provides key products in the digital infrastructure industry, such as thermal interface materials, heat pipes, uniform heat plates, thermal modules, EMI shielding materials, and environmental sealing materials [2]. - The company has a long-term service relationship with leading clients in the telecommunications sector [2].