Core Insights - The rapid development of China's computing power industry is highlighted by significant advancements in infrastructure and technology, with a focus on high-quality development and strategic initiatives like the "East Data West Computing" project [1][4][9] - The demand for intelligent computing (智算) is surging, with its scale reaching 748 EFlops, accounting for 35% of the total computing power in China, and projected to grow to 1037.3 EFlops by 2025 [2][3] - The integration of computing resources across the nation is being prioritized to enhance accessibility and efficiency, with initiatives like the establishment of a national computing network and the "Computing Power Internet" [4][5][7] Industry Developments - The computing power infrastructure in China is expanding, with over 1,043 million standard computing racks in use, marking an 18.5% increase from 2024 [2] - Major telecom companies are enhancing their computing capabilities, with China Telecom's central computing center in Wuhan expanding by 2 EFlops to support AI applications [3] - The "East Data West Computing" initiative has seen the total computing power of eight major hubs reach 215.5 EFlops, with intelligent computing accounting for 80.8% of this total [3] Technological Advancements - The introduction of advanced technologies, such as liquid cooling, is significantly improving energy efficiency in data centers, with reductions in energy consumption by 50%-60% [8] - The deployment of high-capacity optical transmission networks is facilitating efficient computing resource allocation, with companies like China Mobile and China Unicom achieving significant advancements in network capabilities [6][7] Policy and Strategic Initiatives - The Chinese government is actively promoting policies to drive the integration of computing power and energy efficiency, aiming for a PUE value below 1.35 in existing data centers by 2027 [8] - The establishment of a national computing network and the "Computing Power Internet" is expected to enhance the efficiency of resource allocation and support over 7,000 computing entities in meeting demand [4][5]

证券代码：600050 证券简称：中国联通 公告编号：2025-033 中国联合网络通信股份有限公司 关于召开 2025 年度中期业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 台（https://roadshow.eastmoney.com/luyan/4828410）同步直播 （http://roadshow.sseinfo.com/questionCollection.do）或通过公司 邮箱 ir@chinaunicom.cn 进行提问。公司将在业绩说明会上对投资者普 遍关注的问题进行回答。 业绩说明环节将于 2025 年 8 月 12 日（星期二）17:00-约 17:20 进行， 问答环节将于当日约 17:20-18:30 进行，投资者可于当日 17:00-18:30 1 会议召开时间：2025 年 8 月 12 日（星期二）17:00-18:30 网络直播地址：上海证券交易所上证路演中心 （http://roadshow.sseinfo.com）、本公司网站 （http://www ...

证券之星消息，8月5日通信服务板块较上一交易日上涨0.38%，北纬科技领涨。当日上证指数报收于 3617.6，上涨0.96%。深证成指报收于11106.96，上涨0.59%。通信服务板块个股涨跌见下表： 从资金流向上来看，当日通信服务板块主力资金净流出2.98亿元，游资资金净流出1410.62万元，散户资 金净流入3.12亿元。通信服务板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601728 中国电信 | | 8247.08万 | 12.85% | -5729.62万 | -8.93% | -2517.47万 | -3.92% | | 600050 中国联通 | | 7563.42万 | 5.43% | -6929.43万 | -4.98% | -634.00万 | -0.46% | | 002148 北纬科技 | | 7362.12万 | 25.10% | -3929.56万 | - ...

金融界8月5日消息，上证指数高开高走，中证沪港深500通信服务指数 (沪港深500通信，H30466)报 2069.32点。 从中证沪港深500通信服务指数持仓的市场板块来看，香港证券交易所占比50.91%、深圳证券交易所占 比32.89%、上海证券交易所占比16.20%。 从中证沪港深500通信服务指数持仓样本的行业来看，电信运营服务占比37.04%、数字媒体占比 27.18%、通信设备占比25.97%、数据中心占比3.44%、营销与广告占比3.28%、通信技术服务占比 1.99%、文化娱乐占比1.11%。 资料显示，该指数系列样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五 的下一交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一 个定期调整日前，权重因子一般固定不变。特殊情况下将对该指数系列样本进行临时调整。当样本退市 时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处 理。当中证沪港深500指数、中证沪港深互联互通中小综合指数和中证沪港深互联互通综合指数样本发 生变动时，将进行相应调整。 数据统计显示，中证 ...

序号代码名称最新价涨跌幅主力净流入主力净占比1601288农业银行6.542.352.64亿元8.27%2601988中国 银行5.651.252.36亿元13.11%3601857中国石油8.591.421.44亿元12.37%4601398工商银行7.761.041.42亿元 5.41%5601319中国人保8.42.561.03亿元14.56%6601881中国银河17.472.529681.66万元8.43%7002415海康 威视29.332.668626.70万元2.75%8601728中国电信7.410.148247.08万元12.85%9600050中国联通 5.381.137563.42万元5.43%10601328交通银行7.771.447023.60万元4.98% 来源：金融界 8月5日，中特估概念上涨0.67%，今日主力资金流入2.06亿元，概念股62只上涨，13只下跌。 主力资金净流入居前的分别为农业银行（2.64亿元）、中国银行（2.36亿元）、中国石油（1.44亿 元）、工商银行（1.42亿元）、中国人保（1.03亿元）。 ...

今年3·15晚会上，三大运营商（中国移动、中国联通、中国电信）因"隐蔽扣费、诱导升档"被市场监管总局点名。三个月后，三家运营商再次同日发声， 纷纷承诺将在透明消费、套餐精简等方面采取实质性举措。 中国移动宣布推出十项服务承诺，其中包括业务订购环节必须得到客户明确同意，办理完成后立即向用户发送告知短信。变更套餐时，无合约约定变更条 件的，48小时内办结；用户可自主屏蔽境外号码来电和短信等用户关心的问题。 中国电信同步推出九项规范措施，强调要征得用户同意后方可开通电信业务，让消费过程更加透明。全面规范业务退订流程，未经公示的套餐产品严禁销 售。 中国联通表示将大幅精简资费套餐种类和数量，确保资费公示内容分类清晰明确。业务协议中的关键条款将突出显示，便于用户识别重要信息。 然而，不少消费者直言：表态容易落地难。此次承诺的"透明"与"精简"，能否真正终结通信消费的"套路"？ 消费投诉逐年攀升 中国移动高居投诉榜首 面对被点名的行业"顽疾"，三大运营商此番集体发声承诺似乎是对症下药。然而，据中国电子商会旗下消费投诉平台消费保数据显示，近年来，三大运营 商相关投诉正在逐年增长。 数据显示，2022年投诉量为3,125件， ...

Group 1 - As of August 4, 2025, China Unicom's stock price is 5.32 yuan, unchanged from the previous trading day, with a trading volume of 779 million yuan and a turnover rate of 0.48% [1] - China Unicom is one of the three major basic telecommunications operators in China, providing mobile communication, fixed communication, and innovative services such as cloud computing, big data, and the Internet of Things [1] - Recently, China Unicom Group invested in Hangzhou Zhixun Investment Co., Ltd., increasing the company's registered capital from 5 billion yuan to approximately 9.18 billion yuan [1] Group 2 - On August 4, 2025, there was a net outflow of 73.09 million yuan in main funds for China Unicom, with a net outflow of 61.12 million yuan over the past five days [1]

Core Insights - High-quality data is becoming a differentiated advantage for China's AI industry [1][5] - China Unicom has showcased its data industry foundation at the WAIC, emphasizing its unique path in data governance, security, and industry empowerment [1][2] Group 1: Data Infrastructure and Capabilities - China Unicom's data foundation integrates computing power, algorithms, and high-quality data sets, focusing on the construction of high-quality data sets [2][3] - The company has accumulated 700PB of enterprise data and created over 400TB of high-quality communication and industry data sets through collaboration with industry partners [2][3] - A framework called "Three Ones" has been established, which includes a governance methodology, a platform tool, and a high-quality data set [3][4] Group 2: Data Governance and Tools - A data governance methodology has been developed to manage data sets through a classification framework and a dynamic optimization mechanism [3] - A comprehensive toolchain has been created for the entire data processing lifecycle, from collection to quality evaluation, which has won the DataOps Product Innovation Award [3] - Specialized data sets have been built for eight fields, supporting training and fine-tuning of 27 large model scenarios, with some data sets recognized as exemplary by the State-owned Assets Supervision and Administration Commission [3] Group 3: AI Transformation and Industry Applications - China Unicom's strategy focuses on specific industry scenarios, enhancing smart operations and digital transformation across various sectors [6] - The company has developed over a thousand intelligent agents and engaged more than ten thousand participants in AI transformation initiatives [6] - Real-time, accurate, and reliable communication data is highlighted as a unique advantage for empowering various industries [6] Group 4: Data Security and Privacy - China Unicom recognizes the dual nature of data circulation, balancing value release with security and privacy challenges [7] - The company has established multiple security measures, including a data classification platform and a multi-layered technical protection system [7] - Active participation in national trustworthy data space construction aims to ensure efficient, secure, and traceable data circulation [7]

Investment Rating - The report maintains a "Buy" rating for Tianfu Communication, Xingwang Ruijie, Ruijie Network, China Mobile, China Telecom, China Unicom, Huace Navigation, and Hengtong Optoelectronics, while recommending "Hold" for Huafeng Technology [9][50]. Core Insights - North American cloud service providers (MAMG: Microsoft, Amazon, Meta, Google) reported a 69% year-on-year increase in capital expenditures (CapEx) for Q2 2025, totaling $87.4 billion, indicating strong demand for computing power [1][2][15]. - The report anticipates that the total CapEx for 2025 will reach $333.8 billion, reflecting a 49% year-on-year growth, with optimistic guidance from major players [4][15]. - The report suggests that the robust CapEx growth from overseas cloud service providers will continue to boost confidence in computing power demand, benefiting both the overseas computing supply chain and domestic internet companies [1][15]. Summary by Sections Market Performance - The communication index rose by 2.54% last week, while the Shanghai Composite Index fell by 0.94% and the Shenzhen Component Index dropped by 1.58% [1][15]. Key Companies and Dynamics - The report highlights key companies in the AI computing supply chain for 2025, recommending Tianfu Communication, Xingwang Ruijie, Ruijie Network, and Huafeng Technology, as well as core asset value reassessment for China Mobile, China Telecom, and China Unicom [5][9]. - Major cloud providers' CapEx for Q2 2025 includes Microsoft ($17.08 billion, +23%), Amazon ($31.37 billion, +91%), Meta ($16.54 billion, +102%), and Google ($22.45 billion, +70%) [16]. Capital Expenditure Guidance - Microsoft expects its Q1 FY26 CapEx to exceed $30 billion, while Amazon's Q2 CapEx rate is projected to represent the investment rate for the second half of the year [4][16]. - Meta has raised its 2025 CapEx guidance to $66-72 billion, and Google has increased its guidance to $85 billion [4][16]. Investment Recommendations - The report emphasizes the importance of focusing on the global AI computing supply chain, including components like optical modules, liquid cooling, copper connections, and switches [1][15]. - The report also notes the expected growth in domestic internet companies' investments driven by the positive outlook from overseas cloud service providers [1][15].

人民财讯8月4日电，企查查APP显示，近日，杭州市智训投资有限公司发生工商变更，新增中国联合网 络通信集团有限公司为股东，注册资本由50亿元人民币增至约91.8亿元人民币，同时部分主要人员发生 变更。企查查信息显示，该公司成立于2024年7月，法定代表人为宣啸，经营范围包括人工智能行业应 用系统集成服务、人工智能公共数据平台、人工智能公共服务平台技术咨询服务等。 ...