Market Overview - On August 4, the communication services sector experienced a slight decline of 0.07%, with Hengshi Technology leading the drop [1] - The Shanghai Composite Index closed at 3583.31, up 0.66%, while the Shenzhen Component Index closed at 11041.56, up 0.46% [1] Stock Performance - Notable gainers in the communication services sector included: - Beiwai Technology (002148) with a closing price of 7.79, up 10.03% and a trading volume of 885,700 shares [1] - ST Xintong (600289) closed at 6.74, up 4.98% with a trading volume of 73,000 shares [1] - ST Tongmai (603559) closed at 8.94, up 4.56% with a trading volume of 15,200 shares [1] - Conversely, Hengshi Technology (300513) saw a decline of 0.75%, closing at 9.22 with a trading volume of 112,500 shares [2] Capital Flow - The communication services sector saw a net inflow of 25.24 million yuan from institutional investors, while retail investors contributed a net inflow of 21.3 million yuan [2] - Notable capital flows included: - Beiwai Technology (002148) had a net inflow of 208 million yuan from institutional investors, but a net outflow of 83.08 million yuan from speculative funds [3] - China Mobile (600941) experienced a net inflow of 12.5 million yuan from institutional investors, with net outflows from both speculative and retail investors [3]

天眼查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50亿人民币增至约91.8亿人民币，增幅约84%，同时部分主要人员发生变更。 ...

光大银行 2398.87亿市值 5.37亿成交额 4.06 +0.01(+0.25%) 保险 中国人保 中国太保 中国平安 4 3621.94亿市值 3571.07亿市值 10600.18亿市值 8.90亿成交额 20.92亿成交额 3.67亿成交额 58.21 37.12 8.19 +0.02(+0.05%) +0.01(+0.02%) +0.03(+0.37%) 酿酒行业 贵州茅台 山西汾酒 五粮液 17825.45亿市值 2173.98亿市值 4693.64亿市值 26.47亿成交额 8.84亿成交额 10.38亿成交额 1419.00 178.20 120.92 -0.71(-0.40%) +2.00(+0.14%) -0.08(-0.07%) 米含体 海光信息 北方华创 寒武纪-U HYGON 2368.74亿市值 2882.68亿市值 3314.04亿市值 39.88亿成交额 45.51亿成交额 15.21亿成交额 328.26 689.06 142.58 -1.54(-0.47%) -0.04(-0.01%) +4.83(+3.51%) 铁路公路 石油行业 中国石化 京沪高铁 中国石油 6850 ...

Core Viewpoint - The three major telecom operators in China have unified their outbound marketing numbers to combat the long-standing issue of telemarketing fraud and protect consumer rights [1][2][3] Group 1: Unified Outbound Marketing Numbers - The unified outbound marketing numbers for the three operators are: China Telecom 10001, China Unicom 10016, and China Mobile 10085, allowing users to easily identify official marketing calls [1][2] - This initiative aims to provide users with a "fraud prevention guide" and compel operators to enhance internal controls, ensuring transparency and compliance in telemarketing practices [2][3] Group 2: Addressing Telemarketing Issues - The unification of outbound numbers is just the starting point in addressing telemarketing chaos, as it does not restrict third-party companies that access telecom lines, which are the main source of nuisance calls [2] - The Ministry of Industry and Information Technology has proposed that all commercial outbound calls use the 700 number segment to ensure clear identification across the industry [2] Group 3: Impact on Services - The discontinuation of services like Alibaba's virtual number, which was misused for marketing, signifies a crucial step in rectifying the outbound marketing ecosystem [3] - The telecom industry is urged to prioritize genuine service over manipulative marketing tactics, fostering trust through transparent agreements and accountable practices [3]

Investment Rating - The report maintains a "Positive" investment rating for the communication industry [12]. Core Insights - The communication sector saw a 2.94% increase in the 31st week of 2025, ranking first among major industries in the Yangtze River region. Year-to-date, the sector has risen by 20.52%, ranking third [2][7]. - Strong financial performance and order growth from the four major North American cloud service providers indicate a robust capital expenditure trend, driven by the acceleration of AI commercial applications and sustained demand in the overseas computing power chain [8]. - The adoption of liquid cooling technology is accelerating, with significant opportunities identified in the liquid cooling supply chain [9][10]. Summary by Sections Market Performance - In the 31st week of 2025, the communication sector increased by 2.94%, leading the Yangtze River industry rankings. Since the beginning of the year, the sector has grown by 20.52%, placing it third overall. Notable stock performances include: - Top gainers: Invech (+29.6%), Changfei Fiber (+25.8%), Tianfu Communication (+25.2%) - Top losers: Dawi Technology (-7.2%), Runze Technology (-6.5%), Aofei Data (-6.4%) [2][7]. North American Cloud Providers - The financial results of the four major North American cloud providers exceeded expectations: - Microsoft reported revenues of 764 billion and net profits of 272 billion, with a year-on-year growth of 18% and 24% respectively. Azure services saw a 39% increase [8]. - Meta's revenue reached 475 billion with a net profit of 183 billion, marking a 22% and 36% increase year-on-year [8]. - AWS reported revenues of 309 billion, up 18% year-on-year, with a backlog of 1950 billion, a 25% increase [8]. - Google's cloud business revenue was 136 billion, a 32% increase, with a backlog of 1060 billion, up 38% [8]. Liquid Cooling Technology - Vertiv's Q2 2025 results showed net sales of 2.64 billion, a 35% increase, and net profits of 490 million, up 28%. The company raised its full-year guidance, expecting net sales to reach 10 billion, a 25% increase [9]. - Microsoft announced that all Azure data center regions now support liquid cooling deployment, indicating a significant shift in infrastructure [9]. - The report highlights the growing importance of liquid cooling technology in the industry, with several companies making advancements in this area [10]. Investment Recommendations - The report recommends focusing on the following companies: - Telecom Operators: China Mobile, China Telecom, China Unicom - Optical Modules: Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication - Domestic Computing: Fenghuo Communication, Huafeng Technology, Invech - AI Applications: Heertai, Tuobang Technology, Yiyuan Communication - Satellite Applications: Haige Communication, Huace Navigation [10].

Investment Rating - Industry rating: Recommended [4] Core Insights - The integration of "Artificial Intelligence+" is deepening, with AI maintaining high performance in overseas computing power chains, despite short-term volatility pressures. Recommended companies include Unisplendour, ZTE, StarNet, Guanghui New Network, Aofei Data, Data Port, Invec, New Ray Energy, and Wangsu Technology, with related beneficiaries such as Runze Technology and Baoxin Software [1][6][11] - In the long term, the computing power industry chain is still in its early growth stage, driven by reasoning power and model iteration upgrades. Beneficiaries include NewEase, Zhongji Xuchuang, and Tianfu Communication, with CPO-related beneficiaries like Taicheng Light and Yuanjie Technology, and PCB-related beneficiaries such as Shenghong Technology and Hude Electronics [1][7] - The demand for domestic computing power, private cloud, and integrated government and enterprise cloud deployment is expected to accelerate, with beneficiaries including Cambricon, Guangxun Technology, Huagong Technology, Tuwei Information, and Weishi Jiajie [1][7][11] Summary by Sections Section 1: AI and Computing Power - AI is becoming a new engine for economic growth, with significant integration into various industries. The government is promoting the commercialization of AI applications [6] - The recent discussions around the H20 computing chip vulnerabilities are expected to accelerate the domestic production chain, with beneficiaries including SMIC, Cambricon, StarNet, and others [2][10] Section 2: Recommendations in the Communication Sector - Recommended companies in the computing and communication infrastructure include China Mobile, China Telecom, and China Unicom, along with equipment manufacturers like ZTE and Unisplendour [11][13] - The report emphasizes the importance of third-party computing power leasing companies such as Guanghui New Network and Aofei Data, with additional beneficiaries like Runze Technology and Baoxin Software [11][13] Section 3: Optical Network and Edge Computing - Beneficiaries in the optical network upgrade include Guangxun Technology, Huagong Technology, and Tianfu Communication [14] - In edge computing, recommended companies include Wangsu Technology, Youkede, and Qianlong Technology, focusing on high-performance SoC chips [15]

0:00 #三大运营商集体统一外呼号码# # 三家基础电信企业要求不得诱导消费#三大运营商统一外呼号码，中国电信10001、中国移动10085、中 国联通10016。#ai# ...

专利摘要显示，本实用新型公开了一种门锁管理系统的用户端及门锁管理系统，所述系统包括用户端、 服务端和门禁端，用户端是用户持有的可移动设备，且包括：生物特征采集模块，用于采集用户的认证 生物特征；近场位置控制模块，用于控制用户端当前位于门禁端的近场位置；第一信息收发模块，与生 物特征采集模块和近场位置控制模块连接，用于与服务端收发信息，以实现响应于根据认证生物特征验 证用户具有开启门禁端的权限、且用户端当前位于门禁端的近场位置，开启门禁端门禁。 天眼查资料显示，中国联合网络通信集团有限公司，成立于1994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10481551.957532万人民币。通过天眼查大数据分 析，中国联合网络通信集团有限公司共对外投资了34家企业，参与招投标项目3171次，财产线索方面有 商标信息3738条，专利信息5000条，此外企业还拥有行政许可11个。 金融界2025年8月2日消息，国家知识产权局信息显示，中国联合网络通信集团有限公司取得一项名 为"门锁管理系统的用户端及门锁管理系统"的专利，授权公告号CN223180669U，申请日期为2024年10 ...

Group 1 - The core viewpoint of the news is that China United Network Communications Group Co., Ltd. has applied for a patent related to a quality inspection method for broadband installation process images, indicating a focus on improving efficiency and standardization in the telecommunications sector [1] Group 2 - China United Network Communications Group Co., Ltd. was established in 1994 and is based in Beijing, primarily engaged in telecommunications, broadcasting, television, and satellite transmission services [2] - The company has a registered capital of approximately 10.48 billion RMB [2] - The company has invested in 34 enterprises and participated in 3,171 bidding projects, with a total of 3,738 trademark information entries and 5,000 patent information entries [2]

Group 1 - The core viewpoint is that telecom companies are taking measures to regulate marketing calls and protect consumers from unsolicited sales pitches [1][2][3] - Official outbound numbers for telecom companies are established: China Telecom 10001, China Mobile 10085, and China Unicom 10016, while all other numbers are considered unauthorized marketing calls [1] - Consumers can refuse marketing calls, and if they do, the calls must cease; companies are required to avoid false advertising and must disclose all relevant information about service packages [1][2] Group 2 - Marketing calls must be recorded throughout the process, and confirmation messages must be sent before any business is conducted, requiring consumer consent [2] - In case of encountering non-compliant marketing calls, consumers are advised not to trust unofficial numbers and to report issues to official customer service hotlines [3]