Group 1 - The central enterprise innovation-driven index increased by 0.56% as of September 30, 2025, with notable stock performances including Guorui Technology up 8.47% and Changdian Technology up 7.97% [3] - The central enterprise innovation-driven ETF (515900) rose by 0.52%, with a latest price of 1.56 yuan, and has shown a cumulative increase of 0.58% over the past week, ranking 1/4 among comparable funds [3] - The trading volume of the central enterprise innovation-driven ETF was 703.54 million yuan, with a turnover rate of 0.2%, and an average daily trading volume of 23.81 million yuan over the past year, ranking first among comparable funds [3] Group 2 - The Ministry of Industry and Information Technology has granted China Mobile a license for satellite mobile communication services, allowing major telecom operators to engage in satellite communication, enhancing emergency, maritime, and remote area communications [3] - The issuance of satellite internet licenses is expected to accelerate technological breakthroughs and commercial applications in the satellite sector, with a clear development path for the satellite industry, including breakthroughs in manufacturing, launching, and demand [4] - The central enterprise innovation-driven ETF has seen a significant scale increase of 24.85 million yuan over the past week, ranking 1/4 among comparable funds [4] Group 3 - The central enterprise innovation-driven index evaluates the innovation and profitability of state-owned enterprises, selecting 100 representative listed companies to reflect the overall performance of innovative state-owned enterprises [4] - As of August 29, 2025, the top ten weighted stocks in the central enterprise innovation-driven index accounted for 33.39% of the total index, including companies like Hikvision and China Southern Power Grid [4]

Core Viewpoint - The event "Youth Not Deceived, Campus Fraud-Free" organized by Liaoning Unicom aims to enhance fraud awareness among college students and establish a safer campus environment [1] Group 1: Event Overview - The event was held at Shenyang University of Technology and was guided by the Liaoning Provincial Communications Administration, with participation from students and faculty [1] - The event featured a series of real case analyses to reveal the tactics used by fraudsters, emphasizing the importance of fraud prevention [5] Group 2: Educational Content - Videos such as "Fraud Prevention Mandatory Course" and "White Paper on Internet Fraud" were shown to illustrate the serious situation of telecom network fraud [5] - The event introduced key fraud prevention phrases like "Eight Principles," "Six Rules," and "Three Don'ts and One Must," which are designed to help students quickly grasp fraud prevention techniques [6] Group 3: Interactive Engagement - Interactive elements such as prize quizzes, games, and lucky draws were included to engage students actively, creating a lively atmosphere [8] - The event showcased the "National Anti-Fraud Center" app and provided detailed instructions on its usage and effectiveness, encouraging students to download it for self-protection [8] Group 4: Specific Fraud Risks - Common fraud methods such as order refund scams and impersonation of customer service were analyzed, with warnings about illegal loan traps like campus loans and training loans [10] - Specific prevention advice was given regarding scholarship and student aid scams that target college students [10] Group 5: Future Initiatives - Liaoning Unicom plans to continue collaborating with various parties to combat telecom network fraud and protect the financial security of students and faculty [10]

Core Viewpoint - Pingzhi Information has been selected as a candidate for the 2025 China Unicom General Server Centralized Procurement Project, indicating a significant opportunity for the company in the cloud computing infrastructure sector [1][2]. Group 1: Project Details - Project Name: 2025 China Unicom General Server Centralized Procurement Project [2] - Tendering Entity: China United Network Communications Co., Ltd. and Unicom Digital Technology Co., Ltd. [2] - Tendering Agency: Putian Information Engineering Design Service Co., Ltd. [2] - Procurement Content: General servers [2] - Pre-bid Status: Pingzhi Information is the eighth candidate for bid package two, with a winning bid amount of approximately RMB 451 million [2]. Group 2: Impact on Company - Winning this bid is expected to have a very positive and significant impact on the company's development of general server business [2]. - The general servers are primarily used in the cloud computing industry, and the company aims to leverage this project to actively participate in the construction of cloud computing infrastructure for telecommunications operators [2]. - This aligns with the company's strategic development goals [2].

中国联通预中标项目情况 (一)项目名称：2025 年中国联通通用服务器集中采购项目 (二)招标人名称：中国联合网络通信有限公司、联通数字科技有限公司 (三)招标代理机构名称：普天信息工程设计服务有限公司 (四)采购内容：通用服务器 格隆汇9月30日丨平治信息(300571.SZ)公布，近日，中国联通采购与招标网发布了《2025 年中国联通通 用服务器集中采购项目中标候选人公示》，杭州平治信息技术股份有限公司(以下简称"平治信息")为上 述项目的中标候选人之一。 (五)预中标情况：平治信息为 2025 年中国联通通用服务器集中采购项目标包二的第八中标候选人。中 标含税金额约为人民币 4.51 亿元。 本次中标 2025 年中国联通通用服务器集中采购项目，是公司通用服务器产品再次中标通信运营商大型 通用服务器采购项目，对公司发展通用服务器业务有非常积极、重要的影响，通用服务器主要用于云计 算产业，公司将以该项目为基础，积极参与通信运营商云计算基础设施建设，实现公司的战略发展目 标。 ...

Group 1 - The company, Pingzhi Information (300571.SZ), has been selected as one of the candidates for the 2025 China Unicom general server centralized procurement project [1] - The total bid amount, including tax, is approximately 451 million yuan [1]

Core Viewpoint - The launch of satellite communication services by Chinese telecom operators marks a significant advancement in communication technology, enabling direct satellite connectivity for mobile phones and vehicles, which is crucial during emergencies [1][2][5]. Group 1: Satellite Communication Development - China Telecom has pioneered the commercial service of "mobile direct satellite connection," overcoming significant technical challenges to provide this service to consumers [2][4]. - China Unicom has also received a license to operate satellite mobile communication services, further expanding the availability of satellite connectivity across the country [1][5]. - The integration of satellite communication with terrestrial networks is seen as a key feature of the upcoming 6G era, enhancing the resilience and reach of communication services [7][9]. Group 2: Technological Innovations - The introduction of eSIM technology is transforming device connectivity, allowing for more flexible and secure communication solutions across various devices [9][10]. - The proliferation of IoT applications, such as smart water meters and livestock tracking, demonstrates the practical benefits of enhanced connectivity in everyday life [10][12]. - The collaboration between telecom companies and technology providers is driving innovation in communication infrastructure, with a focus on 5G and future 6G technologies [16][20]. Group 3: Economic and Environmental Impact - The shared infrastructure model between China Telecom and China Unicom has resulted in significant cost savings and reduced carbon emissions, showcasing a sustainable approach to network expansion [18][20]. - The development of domestic CPU technology is crucial for supporting the growing demands of AI and other advanced applications, indicating a shift towards self-sufficiency in critical technology sectors [20].

Investment Rating - The report maintains a "Positive" investment rating for the communication industry [9]. Core Insights - The communication sector experienced a decline of 0.39% in the 39th week of 2025, ranking 15th among primary industries in the Yangtze River region. However, since the beginning of 2025, the sector has risen by 62.96%, ranking 1st among primary industries [2][4]. - OpenAI and NVIDIA plan to jointly build a 10GW AI computing cluster with a maximum investment of $100 billion, announcing a long-term infrastructure blueprint valued at $1 trillion, with an initial phase adding approximately 7GW of capacity [5][7]. - Alibaba is advancing its AI infrastructure investment of 380 billion yuan, unveiling the "Panjun 128 Card Super Node" and the UPN Scale-Up architecture, with optical interconnect expected to be a core component for super node expansion [6][7]. Summary by Sections Market Performance - In the 39th week of 2025, the communication sector fell by 0.39%, while it has increased by 62.96% since the start of the year, leading the primary industries [2][4]. - Among companies with a market capitalization above 8 billion yuan, the top three gainers this week were Yongding Co. (+23.9%), Chaoxun Communication (+22.6%), and Cambridge Technology (+18.8%). The top three decliners were Dekeli (-22.3%), Changxin Bochuang (-14.8%), and Changfei Optical Fiber (-14.6%) [4]. Major Developments - OpenAI and NVIDIA's collaboration includes the construction of a 10GW AI computing cluster, with the first phase expected to be operational by the second half of 2026 [5]. - The initial phase of the AI infrastructure will involve the construction of five data centers in the U.S. with a total planned capacity of approximately 7GW [5]. - Alibaba's new AI infrastructure includes a super node with 128 GPUs and a high-performance network card, aiming for significant scalability and low latency [6]. Investment Recommendations - The report suggests continued optimism for AI and computing power, recommending operators such as China Mobile, China Telecom, and China Unicom. It also highlights specific companies in various segments, including optical modules, liquid cooling, and satellite applications [7].

Core Viewpoint - The Ministry of Industry and Information Technology of China has issued satellite mobile communication business licenses to the three major telecom operators, marking a significant step towards the commercialization of satellite communication services in China [1][2]. Group 1: Company Developments - China Mobile has received a satellite mobile communication business license, allowing it to conduct services such as direct satellite connections for mobile phones, enhancing emergency communication, maritime communication, and services in remote areas [1]. - China Mobile is actively expanding its satellite communication services, including satellite fixed broadband and satellite IoT, and has launched the Beidou SMS service nationwide [3]. - China Unicom has launched mobile direct satellite services and successfully deployed low-orbit satellites in collaboration with Zhejiang Space Dao Yu Technology Co., Ltd. [4]. - China Telecom has introduced mobile direct satellite services globally and plans to launch "automobile direct satellite" services in 2024, leveraging the self-built Tiantong satellite mobile communication system [4]. Group 2: Industry Trends - The satellite internet industry is on the verge of large-scale application, with the potential for a trillion-yuan market as satellite launch costs decrease and low-orbit satellite networks are deployed [2]. - The issuance of satellite mobile communication business licenses to all three major telecom operators is expected to accelerate the commercialization of mobile satellite communication services and reduce costs associated with promoting satellite services [4]. - The integration of satellite communication systems with existing terrestrial communication networks is crucial for the development of a comprehensive satellite communication ecosystem [4].

Group 1 - The Ministry of Industry and Information Technology (MIIT) has issued satellite mobile communication business licenses to China Mobile, following China Telecom and China Unicom, enabling them to conduct satellite direct connection services and enhance applications in emergency communication, maritime communication, and remote area communication [1][2] - The MIIT aims to optimize market access for satellite communication and strengthen regulatory oversight to promote high-quality development of the satellite communication industry, supporting the construction of a strong network, aerospace, and digital China [1][3] - China Telecom launched satellite direct connection services globally in September 2023, collaborating with major brands to introduce approximately 30 terminal devices supporting this feature by April 2025 [2][3] Group 2 - The MIIT's guidelines encourage telecom operators to explore the potential of high-orbit satellites like Tiantong and Beidou, promoting the direct connection of mobile devices to satellites and expanding high-speed data services based on low-orbit satellite internet [3][4] - China has established two major autonomous high-orbit satellite systems, Tiantong and Beidou, which theoretically can achieve global coverage with just three satellites, although the return on investment is long [4] - The development of low-orbit satellite constellations is expected to enhance overall service capabilities and expand coverage, creating a synergistic effect with high and medium-orbit satellites [4]

Core Points - The Ministry of Industry and Information Technology of China has granted satellite mobile communication business licenses to major telecom operators, including China Mobile, China Telecom, and China Unicom, allowing them to conduct satellite direct connection services [1] - China Mobile is the second telecom operator to receive this license in September, following China Unicom, which launched its satellite direct connection service shortly after receiving the license [1] - China Telecom was the first among the three operators to launch satellite direct connection services, having already developed this business for some time [1] Company Developments - China Telecom held a launch event for its satellite direct connection service in Hong Kong on May 8, leveraging the Tiantong satellite system [2] - On May 16, China Telecom announced the international expansion of its satellite services through a partnership with ETL in Laos [2] - In the first half of the year, China Telecom's satellite business revenue increased by 20.5% year-on-year [2]