中国经济导报、中国发展网讯 记者王晓涛报道 日前，国际数据公司IDC发布《中国城市物联感知平台 市场份额，2024》报告，中国电信（601728）天翼物联自主研发的物联感知云平台以14.9%的市场份额 稳居行业第一梯队。 报告指出，2024年，国内政府行业物联网平台市场规模近85亿元。其中，城市物联感知平台建设节奏整 体放缓，市场规模约10.8亿元，同比下降7.9%；以水利、应急、交通、市政等为代表的垂直行业平台加 快落地，而运营商凭借建运一体模式在国内城市物联感知平台市场中保持领先。 作为数字中国建设生力军，天翼物联服务国家重大战略，围绕"智能化、绿色化、确定性"科技创新方 向，自主研发超大规模物联感知云平台，积极拥抱人工智能浪潮，持续升级设备接入、数据分析、孪生 感知、可视化引擎、"多模态"融合感知能力，赋能韧性城市建设。 在广东，某国际机场基于中国电信物联感知云平台，打造了"数字孪生"智慧机场平台、"空运监测"智慧 空港平台，通过"空天地一体"感知网络，实现调度决策效率提升20%、运营态势预测准确度提升30%、 客流引导通达效率提升10%、能耗运行损耗降低40%。 未来，天翼物联将不断夯实城市物联感知云 ...

Core Points - The Shanghai Composite Index increased by 0.34%, while the China Securities Hong Kong 300 Communication Services Index (H300 Communication) reported a value of 1578.18 points [1] - The H300 Communication Index has seen a rise of 4.79% over the past month, 16.90% over the past three months, and 32.48% year-to-date [1] Group 1: Index Overview - The China Securities Hong Kong 300 Industry Index series classifies securities based on the China Securities Industry Classification Standard, reflecting the overall performance of different sectors in the Hong Kong market [1] - The base date for the index is December 31, 2004, with a base point of 1000.0 [1] Group 2: Top Holdings - The top ten holdings of the H300 Communication Index are Tencent Holdings (15.07%), NetEase-S (13.89%), China Mobile (13.81%), Baidu Group-SW (12.96%), Kuaishou-W (12.72%), Cheung Kong (7.38%), China Telecom (4.5%), China Unicom (3.24%), China Tower (2.93%), and Bilibili-W (2.79%) [1] Group 3: Sector Composition - The sector composition of the H300 Communication Index includes Digital Media (47.10%), Telecom Services (30.30%), Cultural Entertainment (15.78%), Communication Technology Services (2.93%), Data Centers (2.03%), Communication Equipment (0.99%), and Marketing & Advertising (0.86%) [2] Group 4: Sample Adjustment - The index sample is adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are adjusted in accordance with the sample changes, and any temporary adjustments will follow the same protocol as the index sample adjustments [2]

行业报告 | 行业研究周报 通信 证券研究报告 GPT-5 重磅发布，坚定看好 AI 和卫星产业链 本周行业动态： GPT-5 登场：准确性、速度、推理能力等全面突破 OpenAI 公司正式宣布 GPT-5 模型。OpenAI 团队上台介绍 GPT-5 模型，表示 GPT- 5 已经在包括 Swe Bench 在内的几个基准上设定了一个新的水平，GPT-5 的关注点 的关键领域是提高可靠性并准确地说明事实。OpenAI 宣布将面向免费、Plus 以及 Pro 订阅用户推出 GPT-5。用户可以免费使用 GPT-5，但会存在某些配额限制，而 Plus 和 Pro 订阅用户可以享受更高的使用权益。 我国成功发射卫星互联网低轨 07 组卫星 北京时间 2025 年 8 月 4 日 18 时 21 分，我国在海南商业航天发射场使用长征十二 号运载火箭，成功将卫星互联网低轨 07 组卫星发射升空，卫星顺利进入预定轨 道。此次任务是长征系列运载火箭的第 587 次飞行。此次发射是中国星网"GW 星 座"第七次批量组网发射，距离第六批次卫星的成功升空，仅间隔五天。 本周投资观点： 海外算力产业链高景气度依旧，并未受到 De ...

Core Insights - The China Telecom Theme Index (931235) has shown a strong increase of 1.49% as of August 11, 2025, with significant gains in constituent stocks such as Fenghuo Communication (600498) up 5.72%, and Xinyi Sheng (300502) up 5.62 [1] - Major telecom operators in China, including China Mobile, China Telecom, and China Unicom, showcased their roles as "builders, enablers, and service providers" at the 2025 World Artificial Intelligence Conference, emphasizing their capabilities in computing power competition, AI model development, and industry application [1] - According to Zhongyin Securities, AI is becoming a crucial driver of technological revolution and industrial transformation, with telecom operators evolving into "AI infrastructure providers, industry enablers, and security guardians," thus injecting strong momentum into the digital transformation of the economy and society [1] Industry Overview - The telecom ETF fund (560690) closely tracks the China Telecom Theme Index, which includes 50 listed companies involved in telecom operations, value-added services, communication equipment, technology services, and data centers, reflecting the overall performance of telecom-themed listed companies [2] - As of June 30, 2025, the top ten weighted stocks in the China Telecom Theme Index accounted for 77.54% of the index, including China Unicom (600050), China Mobile (600941), and China Telecom (601728) [2]

Core Insights - A new company named China Information Technology Application Innovation Promotion Center Co., Ltd. has been established with a registered capital of 200 million RMB [1] - The company is involved in various services including big data services, data processing services, internet data services, security technology prevention system design and construction, information security equipment sales, network and information security software development, and information technology consulting services [1] - The shareholders of the company are China Electronics Corporation holding 60% and China Telecom Group holding 40% [1]

Group 1 - The future network industry is becoming a crucial support for cultivating new productive forces, driven by technological breakthroughs and application implementation, with a strong digital foundation established through advancements in 5G-A, space-ground networking, and industrial clusters [1][2] - By mid-2025, China's digital infrastructure is expected to achieve significant improvements in both quantity and quality, with over 4.55 million 5G base stations built and over 90% of administrative villages covered by 5G networks [2][3] - Local governments are actively promoting policies to accelerate the development of future networks, with initiatives in cities like Shanghai, Shandong, and Sichuan focusing on 6G, satellite internet, and quantum information technologies [3][4] Group 2 - Companies are accelerating collaborative innovation in the future network industry, with partnerships such as the one between Zhongke Shuguang and Zhongke Xingtai aimed at advancing the entire technology chain from chips to applications [3][4] - The integration of 5G-A and 6G with artificial intelligence is reshaping communication capabilities, emphasizing the importance of collaboration across demand, standards, technology, and ecosystem development [6][7] - The low-altitude economy is emerging as a new growth area for future network applications, with companies like China Telecom and China Mobile developing infrastructure for smart logistics and urban air traffic [7][8] Group 3 - The development of key technologies in 5G-A and 6G is progressing rapidly, with China positioned at the forefront globally, as evidenced by the establishment of the IMT-2030 (6G) promotion group and the release of over 50 research results [5][6] - The future network industry is expected to drive significant transformations across various sectors, with a focus on infrastructure, technological breakthroughs, and application empowerment, contributing to the successful completion of the 14th Five-Year Plan [8]

Group 1 - A new company named China Information Technology Application Innovation Promotion Center Co., Ltd. has been established with a registered capital of 200 million yuan [1] - The company's business scope includes IoT application services, internet data services, and wholesale of computer software, hardware, and auxiliary equipment [1] - The company is jointly owned by China Electronics Corporation and China Telecom Group Co., Ltd. [1]

Core Viewpoint - The article highlights the extraordinary dedication and contributions of Chai Ruifeng, a communication maintenance worker in the remote area of Moerdaoga, Inner Mongolia, who has spent fifteen years ensuring reliable communication in extreme conditions, earning the trust and respect of local military and civilian communities [2][6]. Group 1: Personal Journey and Commitment - Chai Ruifeng began his career at the age of 21 in Moerdaoga, tasked with maintaining communication across 12,000 square kilometers of remote forest, often alone [2][3]. - Over fifteen years, he has traveled more than 600,000 kilometers, equivalent to circling the Earth's equator 15 times, showcasing his commitment to his role [3][5]. - His work is characterized by a deep sense of responsibility, viewing the local users as family and expressing that the communication center is his home [3][4]. Group 2: Challenges and Achievements - The most significant challenges in his role include navigating treacherous ice-covered roads, which pose serious risks, especially during winter [3][4]. - Chai has played a crucial role in eliminating "information islands" by participating in the establishment of over 70 new communication stations, significantly improving connectivity in the region [5][6]. - His efforts have been recognized with multiple awards, including the National Labor Model title, reflecting his dedication and impact on the community [6]. Group 3: Community Impact and Recognition - The local military personnel have shown their appreciation by keeping a light on for him during his late-night repairs, symbolizing their trust and gratitude [4][6]. - Chai's story is emblematic of the spirit of dedication and service, representing the values of hard work and commitment to the community in the face of adversity [6].

Core Viewpoint - The article emphasizes the rapid development and enhancement of China's information and communication industry, highlighting its role as a strategic and foundational sector for economic and social development, particularly during the "14th Five-Year Plan" period [1]. Group 1: Communication Infrastructure Improvement - The construction of communication infrastructure has accelerated, achieving significant breakthroughs in technology, with a solid "digital foundation" established [3]. - As of June 2023, China has completed its goals for 5G and gigabit optical network construction, with 4.55 million 5G base stations and 226 million gigabit broadband users [3]. - The total length of optical cable lines reached 73,770 kilometers, and the deployment of 400G backbone networks has begun, significantly enhancing transmission bandwidth and network capacity [3]. Group 2: Industry Integration and Application - The integration of 5G and AI technologies has improved production efficiency, as seen in the automotive industry, where a smart detection system has increased production line efficiency by 20% [5]. - 5G applications have penetrated 86 out of 97 major categories of the national economy, with over 18,500 "5G + Industrial Internet" projects established [7]. Group 3: Service Quality Enhancement - The information and communication industry has improved service quality by addressing consumer concerns, such as implementing measures to reduce misleading marketing practices [8]. - The industry has also focused on enhancing accessibility for special groups, with over 3000 websites and apps modified for older adults and disabled individuals [8][9]. - A total of 1.046 billion instances of "Do Not Disturb" services have been provided to 1.08 billion users, reflecting the industry's commitment to consumer protection [9].

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report highlights the release of GPT-5 by OpenAI, which has achieved state-of-the-art (SOTA) performance across multiple domains, significantly improving reliability [5][13] - Arista Networks has raised its performance guidance, indicating a sustained increase in demand for AI backend networks, with Q2 2025 revenue reaching $2.205 billion, a year-on-year increase of 30.4% [6][16] - The report maintains a positive outlook on the global AI chain, emphasizing the importance of the AIDC computing power industry chain, satellite internet, and 6G among seven key industry directions [7][18] Summary by Sections 1. Investment Outlook - GPT-5 has shown significant improvements in various areas, including coding, mathematics, writing, health, and visual perception, with a 45% reduction in factual error rates compared to GPT-4 [13][14] - Arista Networks' revenue guidance for 2025 has been raised by 25% to $8.75 billion, driven by strong demand from cloud and AI giants [6][16] - The report suggests focusing on seven major industry directions, including AIDC data center construction, IT equipment, network devices, computing power leasing, cloud computing platforms, AI applications, and satellite internet & 6G [18][19] 2. Communication Data Tracking - As of May 2025, the total number of 5G base stations in China reached 4.486 million, with a net increase of 235,000 stations compared to the end of 2024 [26] - The number of 5G mobile phone users reached 1.098 billion, reflecting a year-on-year growth of 21.3% [26][29] - 5G mobile phone shipments in May 2025 were 21.19 million units, accounting for 89.3% of total shipments, although this represents a year-on-year decrease of 17% [26][35] 3. Operator Performance - The three major operators reported strong growth in cloud computing revenues, with China Mobile's cloud revenue reaching 100.4 billion yuan, a year-on-year increase of 20.4% [42] - The average revenue per user (ARPU) for China Mobile remained stable at 48.5 yuan, while China Telecom's ARPU slightly increased to 45.6 yuan [42][48]