4月29日，第八届数字中国建设峰会在福建福州启幕。中国移动以"智焕新生 共创AI+时代"为主题参 展，"新动力量"进一线宣讲活动，通过实景直播、专家访谈与技术解码等方式亮相。 会展中心里，一群特殊的"管家"——中国移动家庭服务机器人家族。跟上中国移动"新动力量"宣讲员的 脚步，对话机器人团队成员，解码具身智能背后的"钢铁匠心"。 从样机到量产，让家庭机器人走入千家万户 发布会后，团队收到了不少来自养老院、学校、营业厅等场景的订单，这让他们看到了社会对机器人的 需求，同时也清醒地认识到，成功发布仅仅是起点，从"工程样机"到"量产交付"，产品需求调研是第一 步，也是关键一步。 从精密的声光学模组到严苛的射频设计，每一个机器人零部件的定义与设计，都经历了反复的验证与优 化。全流程跟踪打样，无数次的硬件调试，团队在组装工厂一待就是一个月，攻克了众多难题，锚 定"量产"这一目标，通过点滴积累，让机器人走出实验室，走上生产线，最终走入千家万户。 宣讲员了解到，此次峰会上，中国移动还邀请了众多产业链合作伙伴，开展具身智能产业论坛。中国移 动具身智能产业创新中心总经理程宝平向宣讲员介绍，中国移动不仅仅是"造机器人"，更是要充 ...

Core Viewpoint - The eighth Digital China Construction Summit showcased China Mobile's advancements in integrating "5G+" with "AI+" technologies, emphasizing their role in empowering various industries and enhancing everyday life through innovative applications [1][3]. Group 1: AI and Smart Devices - China Mobile highlighted the rapid development of "Artificial Intelligence+" and showcased smart devices such as AI smartphones, smartwatches, smart mice, and smart glasses at the summit [3]. - The AI smart glasses, equipped with the "Lingxi" intelligent system, offer features like real-time translation, music playback, and smart navigation, demonstrating the practical applications of future technology [3][4]. - In the smart connected vehicle sector, China Mobile has established three service systems: intelligent cabin, intelligent driving, and intelligent city, aimed at enriching the digital lives of car owners and enhancing production levels for car manufacturers [3]. Group 2: Robotics and AI Integration - China Mobile's various types of intelligent robots incorporate three key technologies: environmental perception learning, human-like interaction design, and data-driven services, enhancing user experience and operational efficiency [4]. - Demonstrations of intelligent robots showcased their capabilities in multi-object detection and sorting, highlighting the increasing integration of AI into tangible products [4]. Group 3: AI Applications Across Industries - The "AI+ Applications" exhibition allowed attendees to experience AI's applications in education, healthcare, and public services, showcasing its transformative potential [6]. - The "Jiutian Large Model," developed by China Mobile, serves as a comprehensive technology platform with capabilities in language understanding, visual insight, and voice interaction, supporting intelligent transformation across various industries [6]. - China Mobile plans to continue promoting the integration of information technology with economic and social development, focusing on digital transformation and high-quality growth [6].

中移智行网络科技有限公司，成立于2015年，位于上海市，是一家以从事软件和信息技术服务业为主的 企业。企业注册资本100000万人民币。通过天眼查大数据分析，中移智行网络科技有限公司参与招投标 项目675次，财产线索方面有商标信息106条，专利信息732条，此外企业还拥有行政许可8个。 金融界 2025 年 4 月 29 日消息，国家知识产权局信息显示，中移（上海）信息通信科技有限公司、中移 智行网络科技有限公司、中国移动通信集团有限公司取得一项名为"对象匹配方法、装置及电子设备"的 专利，授权公告号 CN116030618B，申请日期为 2021 年 10 月。 天眼查资料显示，中移（上海）信息通信科技有限公司，成立于2018年，位于上海市，是一家以从事科 技推广和应用服务业为主的企业。企业注册资本200000万人民币。通过天眼查大数据分析，中移（上 海）信息通信科技有限公司参与招投标项目1921次，财产线索方面有商标信息35条，专利信息819条， 此外企业还拥有行政许可5个。 中国移动通信集团有限公司，成立于1999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3000 ...

Core Insights - The State Intellectual Property Office of China has granted a patent titled "Map Processing Method, Device, Equipment, Medium, and Program Product" to several companies under China Mobile, indicating a focus on technological innovation in the telecommunications sector [1][2]. Company Summaries - **China Mobile Information System Integration Co., Ltd.**: Established in 2020, located in Beijing, primarily engaged in software and information technology services, with a registered capital of 500 million RMB. The company has participated in 1,344 bidding projects and holds 146 patents [1]. - **China Mobile Xiong'an Information Communication Technology Co., Ltd.**: Founded in 2018, based in Baoding, focuses on telecommunications, broadcasting, and satellite transmission services, with a registered capital of 2 billion RMB. The company has invested in 4 enterprises, participated in 692 bidding projects, and holds 469 patents [1]. - **China Mobile System Integration Co., Ltd.**: Established in 1999, located in Shijiazhuang, primarily involved in software and information technology services, with a registered capital of 2 billion RMB. The company has invested in 1 enterprise, participated in 5,000 bidding projects, and holds 454 patents [2]. - **China Mobile Communications Group Co., Ltd.**: Founded in 1999, based in Beijing, engaged in telecommunications, broadcasting, and satellite transmission services, with a registered capital of 30 billion RMB. The company has invested in 54 enterprises, participated in 5,000 bidding projects, and holds 5,000 patents [2].

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Insights - The company's performance in Q1 2025 met expectations, with EBITDA showing year-on-year growth. Traditional business remains stable, and the comprehensive ARPU for fixed-line services continues to grow positively. The government and enterprise market is gaining momentum, with strengthened cooperation with the internet sector, particularly a new strategic partnership with Alibaba [2][6][11]. - The operating cash flow showed a negative growth primarily due to the company accelerating payment processes, while accounts receivable growth has significantly slowed, marking the lowest growth rate among the three major operators [2][11]. Summary by Sections Financial Performance - In Q1 2025, the company achieved operating revenue of 263.8 billion yuan, flat year-on-year, and a net profit attributable to shareholders of 30.6 billion yuan, up 3.5% year-on-year. EBITDA reached 80.7 billion yuan, reflecting a 3.4% increase [6][11]. - The company aims for steady revenue growth and good profit growth throughout the year, with projected net profits for 2025-2027 at 145.6 billion yuan, 153 billion yuan, and 160.5 billion yuan, respectively, corresponding to year-on-year growth rates of 5.2%, 5.1%, and 4.9% [11]. Business Segments - The traditional business remains robust, with the total number of mobile customers at 1.003 billion, a slight decrease of 936,000. The number of 5G network users reached 578 million, with a penetration rate of 58%. The mobile ARPU was 46.9 yuan, down 2.1% year-on-year. In the home market, the total number of broadband customers reached 320 million, with a quarterly net increase of 5.48 million [11]. - The government and enterprise market's revenue share has increased, with the company promoting AI+DICT project standardization and scale expansion. A strategic cooperation agreement was signed with Alibaba to enhance collaboration in digital infrastructure and AI services [11]. Cash Flow and Receivables - The net operating cash flow for Q1 2025 was 31.3 billion yuan, down 45% year-on-year, mainly due to the company accelerating payments to private and small enterprises. Accounts receivable grew by 16.5% year-on-year, but the growth rate is the lowest among the three operators, indicating improved control over receivables [11].

兰考县仪封镇万亩高标准农田示范区的农田里，无人机在精准作业。图片由受访者供图 数字化浪潮正以前所未有的速度席卷全社会，在新的科技革命中，随着5G、AI、物联网等技术渗透乡村，乡 村振兴将不仅依赖政策扶持，更依托技术驱动的内生增长。 记者日前来到兰考，深入田间地头、村庄农户、产业车间，探寻"新原野"上发生的数字化故事。 在这里，5G信号与麦浪同频共振，区块链与泡桐木产生奇妙的化学反应，AI算法正在重写"面朝黄土背朝 天"的农耕叙事。他们带来的不仅是技术方案，更是一种全新的发展范式——用数字化的犁铧深耕希望的田 野。 数字化正在书写属于新时代的《齐民要术》，最终的目的是让农业成为有奔头的产业，让农民成为有吸引力 的职业，让农村成为安居乐业的美丽家园。 种田用上"大模型" 人工智能大模型是这两年最热的科技新词，很多行业因大模型而发生颠覆性改变。如今，在兰考这片因治沙 闻名的土地上，人工智能的算法已注入田间地头，千年农耕文明与最前沿的大模型技术完成了跨越时空的握 手。 记者来到兰考县仪封镇高标准农田示范区，在麦浪深处，同行的中国移动（河南）乡村振兴数字研究院项目 经理秦济远拿着手机，对着刚抽穗的麦田拍了张照，3秒后， ...

Core Insights - The Chinese computing power market is experiencing a structural imbalance characterized by both surplus and shortage, with general computing power being relatively overabundant while intelligent computing power is in short supply [3][4][6]. Group 1: Market Dynamics - Several listed companies have announced winning bids for data center projects or signed computing power service contracts, indicating ongoing demand in the market [2][4]. - Major state-owned enterprises like China Mobile and China Telecom are significantly increasing their investments in computing power, with China Mobile planning a budget of 37.3 billion yuan for 2025, accounting for 25% of its total capital expenditure [5][4]. - The International Data Corporation (IDC) predicts that China's intelligent computing power will reach 1,037.3 EFLOPS by 2025 and 2,781.9 EFLOPS by 2028, reflecting a growing market scale [5][4]. Group 2: Structural Issues - The average rack utilization rate in China's IDC market is around 58%, indicating a significant amount of idle computing power [6]. - There is a notable disparity in computing power quality and regional distribution, with general computing power being overabundant in some areas while intelligent computing power is scarce, particularly in eastern regions where demand is high [6][7]. Group 3: Causes of Imbalance - The rapid growth and iteration of computing power demand, coupled with the transition from older to newer hardware, have led to mismatches in supply and demand [8]. - A lack of understanding among both buyers and sellers regarding the requirements and capabilities of intelligent computing centers has contributed to the imbalance [9][10]. - Some companies prioritize low costs in western regions for building computing centers, neglecting the necessary conditions for effective operation, which leads to mismatched resources [10]. Group 4: Future Outlook - The industry is expected to optimize and iterate on computing power scheduling, hardware, and supporting software to address the current challenges [11][14]. - The trend of "East Data West Computing" is emerging, where eastern data centers handle frequently accessed data while western centers manage less time-sensitive tasks [12]. - Domestic high-end computing hardware is accelerating in development, with companies like Huawei introducing competitive chips to fill the supply gap [13].

Core Insights - On April 28, China Shenhua made its first appearance on the Hong Kong Stock Connect active trading list in a month, with a trading volume of 15.56 billion HKD and a net buy of 5.18 billion HKD, despite a closing price drop of 4.22% [2] Trading Activity Summary - The total trading volume of active stocks on the Hong Kong Stock Connect reached 292.53 billion HKD, accounting for 37.87% of the day's total trading amount, with a net buying amount of 27.15 billion HKD [2] - The top traded stock was CanSino Biologics, with a trading volume of 51.75 billion HKD, followed by Alibaba and Tencent, with trading volumes of 37.36 billion HKD and 32.09 billion HKD, respectively [2] - Alibaba and Tencent were the most frequently listed stocks in the past month, each appearing 18 times on the active trading list, indicating strong interest from Hong Kong Stock Connect investors [2] Individual Stock Performance - The trading data for selected stocks on April 28 includes: - Tencent Holdings: 32.09 billion HKD, net sell of 5.97 billion HKD, last closing price 478.20 HKD - Alibaba: 37.36 billion HKD, net sell of 14.25 billion HKD, last closing price 115.20 HKD - China Shenhua: 15.56 billion HKD, net buy of 5.18 billion HKD, last closing price 29.50 HKD [2]

Group 1 - The core viewpoint of the news is the application for a patent related to vehicle positioning methods by three companies: China Mobile (Shanghai) Information Communication Technology Co., Ltd., China Mobile Intelligent Network Technology Co., Ltd., and China Mobile Communications Group Co., Ltd. [1] - The patent, published as CN119879949A, was applied for on October 2023 and aims to enhance the accuracy of vehicle trajectory tracking in specific areas by utilizing vehicle speed and a trajectory prediction model [1] - The method described in the patent allows for more precise identification and localization of vehicles in target areas by generating vehicle trajectories based on predicted trajectory points [1] Group 2 - China Mobile (Shanghai) Information Communication Technology Co., Ltd. was established in 2018 with a registered capital of 2 billion RMB and has participated in 1,919 bidding projects, holding 813 patents [2] - China Mobile Intelligent Network Technology Co., Ltd. was founded in 2015 with a registered capital of 1 billion RMB, participating in 675 bidding projects and holding 726 patents [2] - China Mobile Communications Group Co., Ltd. was established in 1999 with a registered capital of 30 billion RMB, having invested in 54 companies and participated in 5,000 bidding projects, holding 5,000 patents [2]

智通财经APP获悉，2025年4月28日当天，康方生物(09926)、阿里巴巴-W(09988)、泡泡玛特(09992)位 居沪港通（南向）成交额前3位，成交额分别为24.39 亿元、23.89 亿元、21.42 亿元；康方生物 (09926)、腾讯控股(00700)、美团-W(03690) 位居深港通（南向）成交额前3位，成交额分别为27.36 亿 元、17.90 亿元、14.73 亿元。 沪港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 康方生物(09926) | 24.39 亿元 | +11.38 亿元 | | 阿里巴巴-W(09988) | 23.89 亿元 | -8.84 亿元 | | 泡泡玛特(09992) | 21.42 亿元 | -1.95 亿元 | | 小米集团-W(01810) | 18.10 亿元 | -1.26 亿元 | | 美团-W(03690) | 16.28 亿元 | +5.18 亿元 | | 腾讯控股(00700) | 14.18 亿元 | -1.85 亿元 | | 中芯国际(00981) | 12.11 ...