Investment Rating - The report maintains a "Positive" investment rating for the communication industry [10] Core Insights - The communication sector saw a 1.57% increase in the 32nd week of 2025, ranking 22nd among major industries, and a 22.42% increase since the beginning of the year, ranking 4th [2][5] - The release of GPT-5 and Genie 3 has significantly boosted AI commercialization metrics, leading to increased infrastructure investments [6] - The trend towards Scale-up architecture is confirmed, with multi-mode fiber technology upgrades driving demand for optical interconnects and high-speed optical modules [7] Summary by Sections Market Performance - In the 32nd week of 2025, the communication sector increased by 1.57%, ranking 22nd among major industries; since the start of the year, it has risen by 22.42%, ranking 4th [2][5] - Notable stock performances include Kesi Technology (+22.3%), Dongxin Peace (+17.1%), and Qiyi Er (+16.9%) for gains, while Tianfu Communication (-6.7%), Yingstone Network (-4.3%), and Lian Te Technology (-3.5%) faced declines [5] AI Commercialization - OpenAI's GPT-5 integrates rapid response and deep reasoning, enhancing multi-modal capabilities and reducing factual errors significantly; ChatGPT's weekly active users approach 700 million, a year-on-year increase of over 400% [6] - The annual recurring revenue (ARR) for AI applications has risen to approximately $13 billion, with expectations to exceed $20 billion by year-end [6] Optical Interconnect and Fiber Technology - The shift from Scale-out to Scale-up architecture is driving high-density interconnect demand; domestic leaders are accelerating multi-mode fiber production [7] - Companies like FiberHome are targeting an annual production capacity of 4 million core kilometers by 2026, while Hengtong Optics is expanding its advanced fiber materials R&D center [7] Investment Recommendations - Recommended operators include China Mobile, China Telecom, and China Unicom [8] - For optical modules, key recommendations are Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and Shijia Photon, with a focus on Tai Chen Guang and Yuan Jie Technology [8] - In the domestic computing sector, recommended companies include FiberHome, Huafeng Technology, and ZTE Corporation [8] - AI application recommendations include Heertai, Tuobang Technology, and Meige Intelligent [8] - For satellite applications, recommended companies are Haige Communication and Huace Navigation [8]

Core Insights - China Unicom (00762) announced that by the second quarter of 2025, the cumulative number of "Ubiquitous Intelligent Connection" users is expected to reach approximately 1.208 billion [1] - The cumulative number of 5G network users is projected to reach approximately 214 million [1] - The cumulative number of IoT terminal connections is expected to reach approximately 685 million [1] Service and Performance Metrics - The number of customers for 5G industry virtual private network services is reported to be 19,800 [1] - The problem resolution rate for smart customer service is 98.9% [1] - The proportion of intelligent services in smart customer service is 84.4% [1] Patent Information - The total number of authorized patents accumulated this year is 163 [1]

格隆汇8月12日丨中国联通(0762.HK)：上半年营业收入突破2000亿元，同比增长1.5%；税前利润达到 178亿元，同比增长5.1%；董事会决定派发中期股息每股人民币0.2841元（含税），同比提升14.5%。 ...

中国联通2025年中期净利润144.84亿元，上年同期137.93亿元。 ...

中国联通：展望全年，预期固定资产投资人民币550亿元左右。 ...

智通财经APP讯，中国联通(00762)发布公告，该公司将于2025年9月24日派发中期股息每股0.2841元。 （原标题：中国联通(00762)将于9月24日派发中期股息每股0.2841元） ...

格隆汇8月12日丨中国联通(00762.HK)发布2025年第二季度运营数据，截至2025年6月，联接用户累计到 达120,786.2万户，5G网络用户累计到达21,351.3万户，物联网终端连接累计到达68,510.0万户。 ...

Group 1 - The total number of "Ubiquitous Intelligent Connection" users is expected to reach approximately 1.208 billion by the second quarter of 2025 [1] - The cumulative number of 5G network users is projected to reach about 214 million [1] - The total number of IoT terminal connections is anticipated to reach around 685 million [1] Group 2 - The number of customers for 5G industry virtual private network services is reported to be 19,800 [1] - The problem resolution rate for smart customer service is 98.9% [1] - The proportion of intelligent services in smart customer service is 84.4% [1] Group 3 - The total number of authorized patents accumulated this year is 163 [1]

中国联通上半年营收2,002.0亿元人民币，预估2,032.1亿元人民币。 ...

中国联通：税前利润达到人民币178亿元，同比增长5.1%。 ...