Core Insights - China Electronics Corporation (CEC) is currently not a strategic investor in Qimingxingchen [1] - In January 2024, the company will issue new shares to specific investors, with China Mobile's wholly-owned subsidiary, Zhongyi Capital, becoming the actual controller of the company [1] - The company will become a specialized subsidiary of China Mobile focused on cybersecurity, supporting the construction of China Mobile's cybersecurity capability system and jointly expanding the cybersecurity market [1]

针对部分基层单位纪检机构对违纪违法行为认定不够精准问题，驻中国移动纪检监察组从国有企业人员 常见违纪情形入手，系统梳理查处案件，编写审理业务案例参考，重点对照《中国共产党纪律处分条 例》条款对具体行为认定进行论述，辨析"违纪"与"非违纪"、"此违纪"与"彼违纪"界限，列明具体表现 与认定要点。 案件质量评查是案件质量管理的重要工具。驻中国移动纪检监察组结合自办违纪违法案件实际，从事实 证据、定性处理、手续程序等方面细化增补43个评查要点，连续三年面向二级单位组织开展案件质量评 查，逐案把关形成问题清单，并一对一反馈，同时梳理共性典型问题向全集团通报，推动各单位举一反 三、对照查摆提升。 审理力量不足、业务能力较弱是企业一些基层纪检机构面临的共性问题。对此，驻中国移动纪检监察组 构建重点案件"提级"审理机制，选派审理骨干人员对二级单位党委管理重点人员违纪案件开展审理，在 精准把关案件质量的同时，帮助锻炼提升基层纪检干部审理能力。今年以来，已对27家所属单位60件案 件开展"提级"审理，及时纠正定性错误、遗漏违纪事实、处理畸轻畸重等一批问题。 今年6月，某二级单位纪委查处1起涉嫌违反中央八项规定精神问题。收到该单 ...

股息率方面，以2025年11月末的收盘价计算，沪市公司整体股息率为2.25%；28家公司股息率超过 2.5%，思维列控、南山铝业等11家公司股息率超过4%。沪市已经形成了一大批稳定的高分红群体，从 近三年数据来看，沪市342家公司连续三年分红比例(现金分红占公司归母净利润的比例)在40%以上，其 中长江电力、福耀玻璃、宇通客车等199家公司的分红比例连续三年超过50%。 （文章来源：中国新闻网） 中新社上海12月5日电 记者5日从上海证券交易所获悉，2025年1月到11月，沪市上市公司已合计实施分 红派发总额1.81万亿元(人民币，下同)，同比增加2%。 具体来看，193家沪市公司2025年分红落地金额超过10亿元，28家公司年内实际派现金额超过百亿元， 工商银行、中国移动、建设银行的派现金额超千亿元。科创板公司回报力度也在增加，164家公司派发 现金分红金额实现同比增长。 与此同时，沪市2025年中期分红也在稳步增加。截至5日，沪市公司已有510家上市公司公布中期(一季 报、半年报、三季报)分红方案，共宣布中期分红计划总额6441亿元，较2024年同期数5828亿元增加 11%。其中，中国石油、贵州茅台、伊 ...

国家知识产权局信息显示，中国移动通信集团有限公司取得一项名为"多任务容器集群的计算资源优化 方法及装置"的专利，授权公告号CN115391023B，申请日期为2021年5月。 天眼查资料显示，中移雄安信息通信科技有限公司，成立于2018年，位于保定市，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200000万人民币。通过天眼查大数据分析，中移雄 安信息通信科技有限公司共对外投资了4家企业，参与招投标项目723次，财产线索方面有商标信息17 条，专利信息524条，此外企业还拥有行政许可6个。 中移系统集成有限公司，成立于1999年，位于石家庄市，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200000万人民币。通过天眼查大数据分析，中移系统集成有限公司共对外投资了1家 企业，参与招投标项目5000次，财产线索方面有商标信息42条，专利信息520条，此外企业还拥有行政 许可31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30000000万人民币。通过天眼查大数据分析，中国移动通信集团有限公司 共 ...

Core Insights - The introduction of eSIM technology in China marks a significant shift in the telecommunications industry, allowing for a "slot-free" mobile experience that has been long awaited [1][4][5] - The delay in eSIM adoption was primarily due to security concerns related to telecom fraud, which have now been addressed through advancements in identity verification technology [5][8] - The market demand for eSIM-compatible devices, such as the new iPhone Air, has pressured telecom operators to expedite the rollout of eSIM services [8] Industry Overview - eSIM, or embedded SIM, integrates the SIM card directly into the device, eliminating the need for a physical card slot [4] - The technology has been available in devices like smartwatches and tablets for years, but its implementation in smartphones has faced regulatory delays [4][5] - The recent approval from the Ministry of Industry and Information Technology (MIIT) allows major telecom operators in China to begin commercial trials of eSIM [1] Operator Experience - The user experience for eSIM activation varies significantly among the three major telecom operators: China Mobile, China Unicom, and China Telecom [9][12] - China Mobile's app is less user-friendly, requiring mandatory login and making it difficult for new users to access eSIM services [13][15] - In contrast, China Unicom offers a more accessible app experience, allowing users to find nearby service points without logging in [16][18] - China Telecom's app is somewhat balanced, providing visibility for eSIM services but still requiring login for full access [20][22] Activation Process - The eSIM activation process involves several steps, including scanning the device's IMEI code and downloading configuration files via Wi-Fi [29] - The overall time taken for activation ranges from 15 to 20 minutes, depending on the operator and the staff's familiarity with the eSIM process [31] - Users must visit physical stores to activate eSIM, which contradicts the technology's digital nature and highlights the current limitations in service delivery [45][50] Future Outlook - eSIM technology is expected to enhance device design by saving space, allowing for larger batteries or improved cooling systems in smartphones [46] - However, the current eSIM experience in China is still evolving, with significant room for improvement in terms of convenience and efficiency [48][50] - As technology and policies continue to develop, a more streamlined eSIM activation process is anticipated, aligning with global standards [51]

Market Overview - The Shanghai Composite Index rose by 0.70% on December 5, with 29 out of the 31 sectors in the Shenwan classification experiencing gains, led by non-bank financials and non-ferrous metals, which increased by 3.50% and 2.84% respectively [1] - The communication sector also saw an increase of 1.23% [1] - The banking sector was the only one to decline, with a drop of 0.58% [1] Capital Flow - The net inflow of capital in the two markets reached 16.316 billion yuan, with 20 sectors experiencing net inflows [1] - The non-bank financial sector had the highest net inflow of 4.487 billion yuan, followed by the non-ferrous metals sector with a net inflow of 3.781 billion yuan [1] - Conversely, 11 sectors experienced net outflows, with the household appliances sector leading with a net outflow of 1.202 billion yuan, followed by the media sector with a net outflow of 1.04 billion yuan [1] Communication Sector Performance - The communication sector had a net inflow of 2.729 billion yuan, with 106 out of 124 stocks in the sector rising, including 3 stocks hitting the daily limit [2] - The top three stocks with the highest net inflow were Shida Group (1.135 billion yuan), Yongding Co. (962 million yuan), and Taicheng Light (553 million yuan) [2] - Eight stocks in the communication sector experienced net outflows exceeding 100 million yuan, with ZTE Corporation leading at 955 million yuan [3] Communication Sector Capital Inflow - The top stocks in the communication sector by capital inflow included: - Shida Group: +9.93%, turnover rate 36.14%, inflow 1.134 billion yuan - Yongding Co.: +10.03%, turnover rate 13.55%, inflow 962 million yuan - Taicheng Light: +9.25%, turnover rate 21.27%, inflow 553 million yuan [2] Communication Sector Capital Outflow - The top stocks in the communication sector by capital outflow included: - ZTE Corporation: -2.26%, turnover rate 4.12%, outflow 954.91 million yuan - Zhongji Xuchuang: +0.29%, turnover rate 2.56%, outflow 567.94 million yuan - Xinyi Sheng: +0.87%, turnover rate 4.00%, outflow 407.15 million yuan [3]

Investment Rating - The report indicates a positive investment outlook for the communication industry, suggesting an "overweight" rating, expecting the industry index to outperform the market index by more than 10% in the next six months [42]. Core Insights - The communication industry has shown stable performance in the first ten months of the year, with telecom business volume and revenue continuing to grow. New infrastructure construction is progressing steadily, and user scales for 5G, gigabit, and IoT are expanding. The report anticipates that the industry will experience a period of technological iteration and policy dividends, with new growth drivers emerging from AI, quantum communication, and low-altitude economy [3][37]. - The report highlights the significant increase in mobile internet access traffic and the recovery of cellular IoT module inventories, suggesting ongoing demand for communication facilities such as base stations, optical cables, and data centers [3][37]. Summary by Sections 1. Communication Industry Market Review - The communication sector has seen a cumulative increase of 6.31% over the past two weeks, outperforming the CSI 300 index by 6.72 percentage points, ranking first among 31 primary industries. Year-to-date, the sector has risen by 68.87%, surpassing the CSI 300 index by 53.32 percentage points [10][12]. 2. Industry News - TikTok plans to invest $38 billion in building a data center in Brazil, marking its first project in Latin America [16]. - In the first ten months, China's telecom business revenue reached 1.467 trillion yuan, a year-on-year increase of 0.9% [17][18]. - The global shipment of foldable smartphones reached a record high, with a 14% year-on-year increase in Q3 2025 [19]. 3. Company Announcements - China Mobile announced the approval of a state-owned share transfer, involving the transfer of 41.98 million A-shares to China National Petroleum Corporation [23]. - Meixin Technology reported the redemption of idle raised funds, yielding an investment return of 180,830 yuan [22]. 4. Industry Data Updates - As of October 2025, the number of mobile phone users in China reached approximately 1.83 billion, a year-on-year increase of 2.47% [25]. - The total number of 5G base stations reached 4.758 million, with a net increase of 507,000 from the previous year [34]. 5. Weekly Perspective on the Communication Sector - The report suggests focusing on companies that align with the themes of "technology commercialization, policy catalysis, and performance certainty," recommending stocks such as China Mobile, China Telecom, and FiberHome [37][39].

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 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703次，财产线索方面有商标信息106条，专利信息823条，此外企业还拥有行政许可8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30000000万人民币。通过天眼查大数据分析，中国移动通信集团有限公司 共对外投资了55家企业，参与招投标项目5000次，财产线索方面有商标信息2219条，专利信息5000条， 此外企业还拥有行政许可50个。 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"设备互联方法、装置、电子设备和计算机程序产品"的专利，授权公 告号CN118827128B，申请日期为2024年3月。 天眼查资料显示，中移（上海）信息通信科技有限公司， ...

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30000000万人民币。通过天眼查大数据分析，中国移动通信集团有限公司 共对外投资了55家企业，参与招投标项目5000次，财产线索方面有商标信息2219条，专利信息5000条， 此外企业还拥有行政许可50个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，中移（杭州）信息技术有限公司、中国移动通信集团有限公司取得一项名 为"远程导航方法、装置、系统、介质及程序产品"的专利，授权公告号CN118828366B，申请日期为 2024年2月。 天眼查资料显示，中移（杭州）信息技术有限公司，成立于2014年，位于杭州市，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175000万人民币。通过天眼查大数据分析，中移（杭州）信 息技术有限公司参与招投标项目5000次，财产线索方面有商标信息733条，专利信息1736条，此外企业 还拥有行政许可20个。 来源：市场资讯 ...

广州海格通信集团股份有限公司 投资者关系活动记录表 编号：2025-002 号 公司紧跟产业落地步伐，继中标用户首款产品化窄带数据终端 后再次中标窄带手持终端，市场份额可期；多款终端通过在轨测试 验证，部分终端已交付用户试用；完成某信关站建设和空口自动化 测试系统部署与试运行，将有力支撑卫星数据落地、系统运营管理。 卫星互联网领域领先优势进一步巩固，蓄势待发。 2. 公司与中国移动的战略合作主要方向有哪些？ 答：中国移动作为公司的战略合作伙伴，双方已在北斗高精度 服务、芯片、终端以及卫星物联网等应用领域展开了紧密合作，正 在深化"北斗+"行业应用拓展、空天地一体化协同发展、低空基 础设施建设、车路云一体化建设、综合运维业务拓展等领域业务合 作和战略协同。公司与中国移动联合研发的北斗卫星通导融合芯片 项目荣获中国移动 2024 年度产投协同"十大标杆案例"之一，本 项目是双方共同合作研发、以构建北斗时空服务体系为使命的"中 国芯"，是大众消费领域首款"北斗短报文+北斗定位"通导融合 芯片，支持双频高精定位、北斗短信双向通信功能，正成为空天地 一体通信生态的核心底座。通过打造"技术创新共研、市场生态共 拓、人才队 ...