Group 1 - China Tower Corporation has applied for a patent titled "Task Scheduling Method, Device, Storage Medium, and Electronic Equipment," with publication number CN120407125A, and the application date is June 2025 [1] - The patent relates to cloud computing and includes a method for constructing a task model based on target training tasks, which characterizes the attributes and resource requirements of the tasks [1] - The method predicts performance results of the target training tasks across N computing nodes, where N is an integer greater than 1, and includes execution efficiency and resource utilization [1] Group 2 - China Tower Corporation was established in 2014 and is located in Beijing, primarily engaged in civil engineering construction [2] - The company has a registered capital of 1,760,084,710.2 RMB and has made investments in 4 enterprises [2] - The company has participated in 5,000 bidding projects and holds 762 patents, along with 182 trademark registrations and 76 administrative licenses [2]

本文源自：金融界 作者：情报员 金融界2025年8月1日消息，国家知识产权局信息显示，中国铁塔股份有限公司取得一项名为"用电负荷 调控方法、装置和系统"的专利，授权公告号CN115085205B，申请日期为2022年08月。 天眼查资料显示，中国铁塔股份有限公司，成立于2014年，位于北京市，是一家以从事电信、广播电视 和卫星传输服务为主的企业。企业注册资本1760084.7102万人民币。通过天眼查大数据分析，中国铁塔 股份有限公司共对外投资了4家企业，参与招投标项目5000次，财产线索方面有商标信息182条，专利信 息762条，此外企业还拥有行政许可76个。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國鐵塔股份有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00788 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,666,385,600 | RMB | | 1 RMB | | 4,666,385,600 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 4,666,385,600 | RMB | | 1 RMB | | 4,666,385,600 | | 2. 股份分類 | 普通股 | 股份類別 | 其 ...

Group 1 - The core viewpoint of the news is that China Tower Corporation has applied for a patent related to a method and device for determining system performance bottleneck indicators, which aims to improve efficiency in identifying these bottlenecks in production systems [1][3] Group 2 - China Tower Corporation was established in 2014 and is based in Beijing, primarily engaged in telecommunications, broadcasting, television, and satellite transmission services [2] - The company has a registered capital of approximately 1.76 billion RMB [2] - China Tower Corporation has made investments in 4 companies, participated in 5000 bidding projects, and holds 762 patents along with 182 trademark registrations [2]

Core Viewpoint - The article highlights the response of telecommunications companies in Beijing to severe flooding, detailing their efforts to restore communication services using advanced technologies like drones and satellite communication systems [1][4]. Group 1: Emergency Response and Recovery Efforts - As of July 28, China Telecom deployed 334 personnel, 6 satellite communication vehicles, and 30 emergency repair vehicles to restore communication in affected areas [2]. - China Unicom reported the deployment of over 320 personnel and various emergency equipment, including 10 satellite base station vehicles and 34 satellite phones, with significant restoration of base stations in multiple districts [2][3]. - Beijing Mobile utilized 5 emergency communication vehicles and 2 drones to establish communication in key areas, successfully sending emergency messages and enabling communication for local government command points [2][4]. Group 2: Impact of Severe Weather - The average rainfall in Beijing reached 165.9 mm, with the maximum recorded at 543.4 mm, leading to significant infrastructure damage, including 31 road damages and 1825 disabled base stations [1]. - Communication facilities suffered extensive damage, with 62 fiber optic cables destroyed and 136 villages experiencing power outages [1]. Group 3: Technological Innovations in Communication - The use of drone base stations has been pivotal, providing emergency communication services to several villages and sending nearly 1 million emergency messages [4][5]. - Satellite communication vehicles and portable satellite stations were deployed to ensure connectivity in remote areas, demonstrating the effectiveness of "hard technology" in disaster response [4]. Group 4: Community Support and Services - Telecommunications companies provided temporary services such as free calls and charging stations for disaster-affected individuals, with China Telecom sending out 19.65 million risk warning messages [5]. - Beijing Unicom offered 100G of free data to users in affected areas, while Beijing Mobile provided essential services like drinking water and temporary shelter at key locations [5].

暴雨摧毁下，中国移动、电信、联通、铁塔均第一时间响应，深入密云、怀柔、延庆、平谷等灾区腹地，抢修基础通信。目前，上述地区通信部分恢复。 转自：贝壳财经 7月27日在密云区、28日在怀柔区，一架无人机缓缓升空。这是北京移动启动无人机基站用于应急通信的缩影。7月29日，中国移动无人机在密云继续起飞， 预计覆盖北庄镇11个行政村中的10个村。 据央视新闻消息，本轮强降雨以来，截至28日24时，北京全市平均降水量165.9毫米，最大降水量在密云郎房峪和朱家峪，达到543.4毫米；最大降水强度出 现在怀柔东峪，26日22时-26日23时降水95.3毫米。连续极端强降雨造成重大灾害。受灾地区道路损毁31处，涉及兴阳线、西火路等16条线路仍未修通；136 个村电力中断，通信设施共损毁光缆62条、基站退服1825个。 密云、怀柔、延庆、平谷部分基站恢复 中国电信相关负责人表示，截至7月28日14时，中国电信累计派出保障人员334人次，投入卫星通信车6辆，应急及抢修车30辆，便携式卫星背包站20个，卫 星电话及天通猫78部，抽水泵22台，各类发电机30台。目前中国电信在密云、怀柔、延庆所有行政村均已实现通联。 7月27日，中国 ...

Core Insights - The 2025 World Artificial Intelligence Conference (WAIC) marks a new competitive phase for traditional telecom operators as AI and embodied intelligence emerge as significant disruptive factors, leading to exponential growth in computing power and communication demand [1][2] - The concept of "intelligent multiplication" is ushering in a new era of social development, with "silicon-based life" expected to surpass the global population, becoming a crucial part of labor and intellectual resources [2] Group 1: Company Strategies - China Mobile plans to accelerate its efforts in large model development, establishing a "Jiutian" specialized model ecosystem and enhancing computing power supply through the creation of 13 national and regional intelligent computing center nodes [2] - China Unicom is focusing on building intelligent computing infrastructure and enhancing the integration of computing and intelligence, while expanding its green electricity usage to improve efficiency and sustainability [3] - China Telecom is emphasizing its public cloud advantages in the AI sector, promoting its "Tianyi AI" brand and launching a large model for voice semantics [3] Group 2: Industry Trends - The integration of AI into various sectors is expected to create vast new opportunities, with personalized intelligent entities and human-machine collaboration driving the formation of large-scale collaborative innovation networks [2] - The telecom industry is increasingly recognizing the necessity of expanding infrastructure and capital investment to support the growth of AI and intelligent economies, which are seen as the advanced form of the digital economy [2]

Core Viewpoint - The company is actively promoting green development and transformation in response to national strategies, achieving significant results in building shared communication infrastructure and supporting high-quality development under the "dual carbon" goals [1][2]. Group 1: Green Development Initiatives - The company is committed to ecological priority and green development, focusing on shared communication infrastructure to enhance resource efficiency and support the telecommunications industry in building a high-quality 5G network [2]. - As of March 2025, the company has constructed over 5.6 million base stations, with public network coverage along high-speed rail and subways exceeding 66,000 kilometers, and indoor signal coverage in key areas surpassing 17.3 billion square meters [2]. - The sharing rate of newly built towers has increased from 14.3% at the company's inception to 85% currently, with over 95% of 5G base stations built using existing resources, saving land equivalent to 1.22 million new towers and reducing carbon emissions by 31 million tons [2]. Group 2: Resource Sharing and Collaboration - The company collaborates with various sectors, including municipal, transportation, and power, to promote mutual sharing of communication and utility resources, achieving significant cost savings in infrastructure investment [3]. - By the end of 2024, 30% of new tower sites will utilize social resources for construction, with over 10,000 kilometers of railway ducts and more than 3,000 utility poles shared, enhancing the efficiency of digital infrastructure development [3]. Group 3: Digital Transformation and Smart Governance - The company is transforming traditional communication towers into "digital towers," contributing to smart governance across multiple industries, with over 234,000 digital towers deployed for applications such as environmental monitoring and disaster response [4]. - The company supports smart city initiatives, enhancing meteorological observation capabilities in Beijing by utilizing existing tower sites for advanced weather monitoring technologies [4]. Group 4: Renewable Energy and Charging Infrastructure - The company leverages its extensive site resources to develop distributed power networks and energy storage systems, establishing a comprehensive charging and battery swap network across over 320 cities, with more than 80,000 swap points and 139,000 users [5]. - As the largest lightweight electric vehicle battery swap operator in the country, the company continues to drive green and low-carbon development [5].

Group 1: Tender Results - China Tower announced the results of the 2025 centralized procurement project for office terminal products, revealing that Huawei won the bid for laptops with a 60% share, while Lenovo secured a 40% share [1] - Lenovo was the sole winner for the desktop computer category, with a total procurement of 1,790 units and a 100% share [1] Group 2: Government Procurement - The Central Government Procurement Center reported a budget of 37.84 million yuan for the 2025 desktop computer procurement project, highlighting the significant share of domestic chip-based computers [2] - Lenovo demonstrated strong competitiveness in multiple packages, having previously won several bids for desktop computers in January 2025, with total bid amounts reaching 290.6575 million yuan for one package [2] Group 3: Global PC Market Performance - According to IDC, global PC shipments reached a record high of 63.2 million units in Q1 2025, with Lenovo holding a 24.1% market share, marking a year-on-year increase of 1.3 percentage points [3] - IDC forecasts a 4% year-on-year growth in global PC shipments for 2025, driven by AI PCs, which are expected to account for 70% of shipments by 2027 [3] - International investment bank Lyon's latest view indicates that Lenovo's PC business will continue to experience strong growth in the second half of 2025, driven by market share gains from competitors and increased replacement demand due to the end of Windows 10 support [3]

Investment Rating - The industry investment rating is "Positive" (maintained) [4] Core Views - The global AI sector remains highly prosperous, with continuous application development. Domestic telecom operators are experiencing a recovery in growth rates, and satellite internet is beginning to contribute to performance elasticity [4] - Telecom operators benefit from the ongoing promotion of the Digital China strategy, leading to stable overall business growth. Innovative businesses are growing faster and increasing their share, while new growth drivers continue to strengthen. Additionally, the reduction in capital expenditure as a percentage of revenue is favorable for profit release [4] Summary by Relevant Sections Telecom Operators - China Mobile's Q2 revenue is projected to be between 285.85 billion and 288.70 billion yuan, with a year-on-year growth of 1%-2%. The net profit attributable to shareholders is expected to be between 52.20 billion and 52.55 billion yuan, growing by 3.2%-3.9% [2] - China Telecom's Q2 revenue is expected to be between 132.80 billion and 134.10 billion yuan, with a year-on-year growth of 1%-2%. The net profit attributable to shareholders is projected to be between 13.57 billion and 13.66 billion yuan, growing by 2.7%-3.4% [2] - China Unicom's Q2 revenue is expected to be between 101.30 billion and 102.00 billion yuan, with a year-on-year growth of 3.5%-4.2%. The net profit attributable to shareholders is projected to be between 3.795 billion and 3.855 billion yuan, growing by 5.6%-7.3% [2] - China Tower's Q2 revenue is projected to be between 24.88 billion and 25.03 billion yuan, with a year-on-year growth of 2.5%-3.1%. The net profit attributable to shareholders is expected to be between 2.72 billion and 2.76 billion yuan, growing by 6.8%-8.4% [3] AI and Network Connection - The AI optical module sector is experiencing significant growth, with 800G optical modules continuing to ramp up production and 1.6T products entering mass production. Domestic companies are leading the industry and deeply participating in the global supply chain [3] - Zhongji Xuchuang's Q2 revenue is expected to be between 7 billion and 8 billion yuan, with a year-on-year growth of 18%-34%. The net profit attributable to shareholders is projected to be between 1.75 billion and 2 billion yuan, growing by 30%-48% [3] AI Liquid Cooling - The trend towards liquid cooling in data centers is becoming more pronounced due to the increasing power consumption of AI servers. Yingwei's Q2 revenue is expected to be between 12 billion and 14 billion yuan, with a year-on-year growth of 24%-45% [6] - Oulu Tong's Q2 revenue is projected to be between 11 billion and 12 billion yuan, with a year-on-year growth of 22%-33% [7] AI Applications - The demand for AI servers is expected to grow steadily, benefiting from the development of the digital economy and AI computing power. Huqin Technology's Q2 revenue is projected to be between 350 billion and 365 billion yuan, with a year-on-year growth of 51%-58% [8] Military Communication & Satellite Internet - Increased regional tensions are likely to lead to sustained investment in national defense construction, with communication and information technology being key investment areas. The domestic low-orbit satellite network is expected to continue advancing [11] - Changjiang Communication's Q2 revenue is expected to be between 2.3 billion and 3.4 billion yuan, with a year-on-year growth of 10%-63% [12]