运营商财经网主办的中国财经TMT"领秀榜"评选活动已成功举办十届，该评选活动得到了运营商集团公 司、省公司、专业公司、研究院、地市公司广泛关注和积极参与。 中国移动通信集团上海有限公司凭借自身的实力，荣获"2025年度运营商优秀新闻暨品牌传播力"。 运营商财经网讯 经过激烈的追逐，2026中国财经TMT"领秀榜"获奖企业已确定！在1月29日，运营商财经网召开了隆重 的颁奖仪式。 （责任编辑：赵鑫雨） ...

据悉，作为主办方的运营商财经网，已成功举办了十届中国财经TMT"领秀榜"评选活动。这一评选活动 得到了包括运营商集团公司、省公司、专业公司、研究院、地市公司在内的广泛关注和积极参与。 1月29日，2026中国财经TMT"领秀榜"盛典如期举行，揭晓了备受关注的各奖项获奖企业名单。 运营商财经网讯 经过激烈的追逐，中国移动上海公司的宝钢5G全连接及智造应用项目凭借出色的表现，斩获"2025年度 优秀政企业务创新项目"奖项。 （责任编辑：付桢） ...

格隆汇1月29日｜南下资金今日净买入港股43.74亿港元。其中： 净买入盈富基金23.95亿、腾讯控股8亿、小米集团-W 6.43亿、招金矿业1.48亿、华虹半导体1.13亿； 净卖出中国移动6.45亿、紫金矿业3.77亿、阿里巴巴-W 3.3亿、紫金黄金国际2.15亿、中芯国际1.62亿、中国海洋石油1.13亿。 据统计，南下资金已连续5日净买入腾讯，共计42.8853亿港元；连续19日净卖出中国移动，共计154.3408亿港元；连续5日净卖出阿里巴巴，共计34.0229亿 港元；连续4日净卖出紫金矿业，共计31.5093亿港元；连续4日净卖出中芯国际，共计11.7293亿港元。(格隆汇) | | 沪股通 | | | | | --- | --- | --- | --- | --- | | 名称 | 涨跌幅 | 净买入额(亿) | 成交额 | 名称 | | 阿里巴巴-W | -0.1% | -2.48 | 31.75亿 | 阿里巴巴-W | | 中国海洋石油 | 1.3% | -6.86 | 27.64亿 | 腾讯控股 | | 中芯国际 | -2.6% | -0.82 | 25.55 Z | 中国海洋石油 | ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300560 | 中富通 | 15.19 | -4.71% | 19.78万 | 3.04亿 | | 300211 | *ST 乙通 | 8.63 | -4.11% | 4.40万 | 3857.06万 | | 301139 | 元道通信 | 19.52 | -3.03% | 9.02万 | 1.77亿 | | 603220 | 中贝通信 | 25.26 | -2.21% | 1 24.38万 | 6.24亿 | | 300603 | 立昂技术 | 10.22 | -2.11% | 16.87万 | 1.75亿 | | 002929 | 润建股份 | 46.38 | -2.05% | 14.19万 | 6.70亿 | | 002123 | 梦网科技 | 12.51 | -1.88% | 30.10万 | 3.80亿 | | 300921 | 南凌科技 | 28.05 | -1.72% | 25.86万 | 7.27亿 | | 300292 | 吴通 ...

1月27日，"碳硅共生 AI在一起——2026年中国移动内蒙古公司合作伙伴大会"在呼和浩特市举行。这不仅是一场区域通信科技的年度盛会，更是一个观察内 蒙古如何利用"AI+算力"撬动产业升级的重要窗口。 大会吸引了华为、中兴、本地龙头企业等千余家合作伙伴参与。作为区域数字化基础设施的关键建设者，中国移动内蒙古公司（以下简称"内蒙古移动"）在 会上发布了全新的算力战略与生态计划，不仅展示了其在技术领域的"硬核"实力，更体现了作为产业"链长"带动区域产业链共同发展的市场号召力。 基础设施升级：从"能源输出"到"算力高地" 活动现场 转自：新华财经 技术如果不进入场景，就永远只是空中楼阁。本次大会还展示了前沿技术如何与内蒙古独特的地理与产业场景发生"化学反应"。 在"AI能力·同心共筑"环节，内蒙古移动展示了其技术底座对垂直行业的赋能实效。以呼伦贝尔国际低空装备高寒测试中心为例，依托内蒙古移动部署的5G- A网络与AI边缘计算能力，成功解决了极寒环境下的数据传输与设备测试难题，为当地开辟了低空经济这一新兴赛道。 从智慧牧场的远程看护，到大型矿山的无人驾驶，这些获得"行业典范奖"的案例表明：内蒙古移动提供的不仅是网络， ...

Core Viewpoint - The market experienced increased volatility in Q4 2025, with A-shares and Hong Kong stocks showing mixed performance, while sectors like AI computing and semiconductors thrived, contrasting with weaker performances in real estate and pharmaceuticals [1] Group 1: Market Performance - The Shanghai Composite Index rose by 2.22% in Q4 2025, while the Hang Seng Index fell by 4.56% [1] - The technology growth sector, particularly AI computing and semiconductors, showed significant gains, while industries such as real estate and pharmaceuticals faced challenges [1] Group 2: Fund Manager Performance - Star fund managers like Fu Pengbo and Li Xiaoxing achieved over 60% returns in 2025, focusing on AI computing and semiconductors [2] - Balanced allocation funds, such as Zhu Shaoxing's, demonstrated stability with a 20% annual return, benefiting from diversified investments across various sectors [3][14] Group 3: Investment Strategies - Fu Pengbo's fund increased its allocation to data center cooling and computing-related companies, with a top ten stock concentration of 70.38% [5] - Li Xiaoxing emphasized AI hardware innovation and semiconductor investments, with a focus on domestic advancements in the semiconductor industry [6] Group 4: Traditional Value Investments - Fund managers like Zhang Kun and Liu Yanhun maintained positions in traditional sectors like consumer goods and pharmaceuticals, despite facing net value pressures [8][12] - Liu Yanhun's fund experienced a 5.85% decline in Q4, reflecting the challenges faced by traditional value sectors [12] Group 5: Policy and Market Outlook - Fund managers noted the impact of "anti-involution" policies on corporate fundamentals, suggesting a shift towards supply-side optimization [17] - Despite market rebounds, equity assets are still viewed as attractive, with a focus on high-quality listed companies as scarce income-generating assets [18]

Core Viewpoint - The communication services sector experienced a 1.5% increase on January 28, with the stock of Erli San leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4151.24, up 0.27% [1] - The Shenzhen Component Index closed at 14342.9, up 0.09% [1] - Erli San's stock price rose by 6.00% to 6.89, with a trading volume of 3.3151 million shares and a transaction value of 2.301 billion [1] Group 2: Individual Stock Performance - The top gainers in the communication services sector included: - Erli San (6.00% increase) [1] - ST Tongmai (4.99% increase) [1] - China Telecom (2.95% increase) [1] - Other notable gainers included Guanghuan Xinwang (2.90% increase) and Mengwang Technology (2.33% increase) [1] Group 3: Capital Flow - The communication services sector saw a net inflow of 1.568 billion in main funds, while retail investors experienced a net outflow of 1.503 billion [2] - Major stocks with significant capital inflows included: - China Telecom with a net inflow of 6.98 billion [3] - China Unicom with a net inflow of 6.82 billion [3] - Erli San with a net inflow of 4.51 billion [3]

Investment Rating - The report maintains an "Outperform" investment rating for the communication industry [2][9]. Core Insights - The communication industry index outperformed the Shanghai Composite Index in December 2025, rising by 12.82% compared to +2.06% for the Shanghai Composite Index and +2.28% for the CSI 300 Index [8][14]. - Key material supply for optical modules remains tight, with major players like Longfei and Hengtong winning bids for China Unicom's hollow-core fiber cable procurement [8][9]. - The retail sales of communication equipment in China increased by 20.9% year-on-year in December 2025, driven by the demand for smartphones [8][41]. - The global smartphone shipment is projected to grow by 2% year-on-year in 2025, reaching 1.25 billion units, with AI smartphones expected to penetrate 34% of the market [8][29]. - The export value of optical modules from China decreased by 15.6% year-on-year in 2025, while Thailand's communication equipment exports surged by 152.1% [8][9]. Summary by Sections Market Review - The communication industry index rose by 12.82% in December 2025, outperforming major indices [14]. - Sub-sectors such as cables and network equipment saw significant gains, with increases of 22.05% and 19.44% respectively [15][19]. Industry Tracking - The capital expenditure of major cloud providers in North America reached $112.43 billion in Q3 2025, a 76.9% increase year-on-year [25][28]. - AI applications are driving cloud business growth, with major companies like Amazon, Microsoft, Google, and Meta significantly increasing their capital expenditures [25][29]. - The Chinese ICT market is expected to grow to approximately $889.43 billion by 2029, with a CAGR of 7.0% [39][40]. Domestic Telecom Industry - Telecom business revenue in China reached 1.6096 trillion yuan from January to November 2025, a year-on-year increase of 0.9% [48]. - The number of 5G mobile phone users reached 1.193 billion by November 2025, accounting for 65.3% of total mobile phone users [49]. - The number of fixed broadband users with gigabit access reached 239 million, representing 34.3% of total users [52].

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) is actively promoting the "AI+" initiative among central enterprises, achieving significant progress in key areas such as application, computing power, data, and models [1][2] Group 1: Achievements in AI+ Initiative - Central enterprises have created over 1,000 application scenarios focusing on key industries like energy, manufacturing, and communications [1] - Examples include the State Grid and Southern Power Grid utilizing AI for intelligent management in power dispatch and fault prediction [1] - Central enterprises are integrating into the national computing power layout, with three major telecom operators establishing four "ten thousand card clusters" to support large model training [1] Group 2: Support for AI Development - General models like "Jiutian" from China Mobile and "Xingchen" from China Telecom have empowered over 200 external units, accelerating applications in energy and industrial manufacturing [1] - The "Huanxin Community" initiated by SASAC provides over 2,000 domestic intelligent computing chips for free, gathering over 4,000 models and 800 datasets to promote the widespread application of AI technology [1] Group 3: Future Directions - Central enterprises will intensify efforts in the "AI+" initiative, focusing on enhancing investment traction, deepening scenario cultivation, and optimizing data supply [2] - The goal is to become a key provider of intelligent computing infrastructure, a significant enabler of AI across various industries, and an organizer of systematic industrial layout [2]

Core Viewpoint - The Hong Kong Stock Connect Dividend ETF (520900) has shown significant performance, with a notable increase in both share volume and profits, indicating strong investor interest in high-dividend assets amid a favorable economic environment [1][2][6]. Financial Performance - In Q4 2025, the Hong Kong Stock Connect Dividend ETF (520900) reported a profit of 48.31 million yuan, contributing to an annual profit of 228 million yuan for the year [2][4]. - The fund's share volume increased from 1.592 billion to 1.875 billion, marking a growth rate of 17.78% [2][4]. Market Trends - The demand for high-dividend assets is bolstered by the stable and continuous dividend policies of state-owned enterprises (SOEs), which are now key performance indicators for state-owned enterprises [6][13]. - The index tracking the ETF focuses on SOEs with stable dividend levels and high dividend yields, primarily in sectors like energy and telecommunications [7][9]. Sector Analysis - The top five sectors in the index include Oil & Petrochemicals (28.63%), Telecommunications (21.75%), Coal (11.80%), Transportation (10.47%), and Public Utilities (7.94%) [7]. - The top ten constituent stocks account for 66.88% of the index, featuring major players in the energy and telecommunications sectors [9][10]. Historical Performance - Since its inception, the index has achieved a cumulative return of 120.79%, outperforming the Hang Seng Index and the CSI Dividend Index [11][12]. - The dividend yield has increased significantly from 3%-4% in 2015 to 5%-9% in 2023-2025, reflecting the enhanced dividend capacity of SOEs [12]. Investment Outlook - Analysts suggest that the current market conditions may present a favorable window for investing in high-dividend assets, particularly through the Hong Kong Stock Connect Dividend ETF [13][14]. - The ETF provides a convenient entry point for investors looking to capitalize on stable returns and long-term value in the Hong Kong market [14].