Core Points - The "He Mei Anhui · Digital Empowerment" annual award ceremony and the 2025 Anhui Telecom Digital Technology Ecological Conference focused on AI empowering grassroots governance [1][5] - The event highlighted the achievements in building "smart communities" and "digital villages" across 16 cities in Anhui, with over 4 billion online views related to the promotional activities [1][3] Group 1 - China Telecom Anhui Company is actively utilizing digital technology to enhance grassroots governance and rural revitalization [3][5] - The company has established a video governance network for over 1,100 grassroots police stations and more than 200 market supervision offices, significantly improving efficiency in handling cases such as theft and traffic accidents [3][5] - The event recognized 60 "model smart communities" and 60 "model digital towns/villages," showcasing the progress in community and rural development [3][5] Group 2 - The conference featured expert presentations on AI's role in grassroots governance and shared practical experiences from various local representatives [5][6] - The ongoing promotional activities have evolved from "Beautiful Countryside" to "Digital Empowerment," reflecting the integration of AI in public service and social governance [5][6] - The collaboration between Anhui Broadcasting and China Telecom aims to transition traditional governance methods to digital governance, contributing to the modernization of government governance systems [5][6]

Core Points - The China Securities Index (CSI) Huaxia AH Economic Growth Index reported a value of 6611.27 points, showing a monthly increase of 0.34%, a quarterly decrease of 3.58%, and a year-to-date increase of 6.87% [1] Group 1: Index Composition - The CSI Huaxia AH Economic Growth Index selects financially sound growth-leading companies from both mainland and Hong Kong markets to reflect the performance of companies benefiting from economic structural changes [1] - The index is based on a starting point of 1000.0 points as of December 31, 2004 [1] Group 2: Top Holdings - The top ten holdings of the index include Tencent Holdings (9.74%), Alibaba-W (9.69%), Meituan-W (4.05%), Yum China (3.36%), Jiangsu Bank (3.31%), Muyuan Foods (2.39%), Wens Foodstuff Group (2.31%), Jitu Express-W (2.17%), China Telecom (2.0%), and Kingsoft (1.98%) [1] Group 3: Market Distribution - The market distribution of the index holdings shows that the Hong Kong Stock Exchange accounts for 52.26%, the Shanghai Stock Exchange for 31.63%, the Shenzhen Stock Exchange for 16.12%, and the Beijing Stock Exchange for 0.00% [1] Group 4: Industry Breakdown - The industry composition of the index includes Consumer Discretionary (20.41%), Industrials (19.36%), Communication Services (16.20%), Information Technology (11.50%), Financials (8.89%), Consumer Staples (8.56%), Materials (5.81%), Health Care (4.67%), Utilities (1.76%), Energy (1.67%), and Real Estate (1.18%) [2] Group 5: Sample Adjustment - The index samples are 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 sample changes, and temporary adjustments may occur under special circumstances [2]

Core Viewpoint - The launch of the new Maigang 40 smartphone by China Telecom marks a significant advancement in AI capabilities, communication features, and overall user experience, positioning it as a strong contender in the budget smartphone market [1][15]. AI Capabilities - The Maigang 40 is equipped with the self-developed Xingchen large model by China Telecom, showcasing top-tier performance in the SuperCLUE benchmark, indicating a qualitative leap in AI smart experience [3][5]. - The AI features include an AI call assistant with fraud prevention, real-time subtitles, and summaries; an AI life assistant for tasks like document restoration and ID scanning; and an AI office assistant that transcribes meetings and generates summaries [5][9]. Communication Features - A standout feature is the dual-direction Tiantong satellite communication capability, allowing users to send messages and make calls in areas without ground network signals, providing reliable communication for outdoor adventurers and remote workers [9][11]. Design and Durability - The Maigang 40 features a lightweight and durable design, passing a 2-meter drop test and supporting a maximum weight of 65 kg, with certifications for its drop resistance and IP64 water resistance [11][13]. - The aesthetic design includes a unique camera module and three stylish color options, enhancing its visual appeal [15]. Battery and Charging - The smartphone houses a 6100mAh battery, offering extended usage times even in extreme temperatures, with capabilities for 38.7 hours of continuous calls and 18.5 hours of video playback [13]. - It supports 40W fast charging, allowing for significant battery recovery in just 15 minutes [13]. Market Positioning - The Maigang 40 is positioned as a versatile smartphone with a starting price of 1999 yuan, available for pre-order and set to officially launch on July 2 [15].

Core Viewpoint - The article discusses the transformation of the traditional installation and maintenance service model in the information and communication industry, highlighting the innovative "installation and maintenance store" model introduced by China Telecom's Baoding branch to meet diverse user needs and enhance service efficiency [1][6]. Group 1: Service Model Transformation - The "installation and maintenance store" model integrates installation, maintenance, and marketing, allowing service personnel to understand user needs and recommend suitable products, thus achieving a comprehensive service experience [3][4]. - This model shifts the focus from merely completing installation tasks to a more holistic approach that combines service and marketing, enhancing user engagement and satisfaction [3][4]. Group 2: User Engagement and Satisfaction - The "installation and maintenance store" extends services to users' doorsteps, improving convenience and timeliness, while fostering long-term relationships through proactive communication and community building [5][6]. - By offering a variety of services beyond basic installation, such as mobile sales and payment services, the model enhances user satisfaction and brand loyalty [5]. Group 3: Operational Efficiency - The model addresses challenges such as low business conversion rates by implementing standardized marketing practices during service delivery, thus increasing operational efficiency [4]. - The integration of service and marketing not only resolves user pain points but also boosts the performance income of service personnel, contributing to overall service cost reduction [4].

Core Viewpoint - The three major Chinese telecom operators plan to fully restart eSIM services in the second half of 2025 after a two-year suspension due to security concerns related to fraud [1][16]. Group 1: Current Status of eSIM Services - China Unicom has resumed eSIM functionality in 25 provinces including Tianjin, Beijing, and Hebei, with no confirmed dates for other cities [2]. - China Mobile is optimizing its system and will gradually open eSIM services nationwide, with specific timelines to be announced [3]. - China Telecom has not completed the upgrade for eSIM services and does not currently support activation, with the upgrade timeline still pending [4]. Group 2: Reasons for Suspension - The suspension of eSIM services was primarily due to concerns over fraud risks associated with the technology [7]. - eSIMs pose greater information security risks compared to traditional SIM cards, as the authentication process can be bypassed, making it easier for fraudsters to exploit the system [8][9]. - There have been instances of eSIMs being converted to physical SIM cards, leading to misuse and significant losses for telecom operators [11][14]. Group 3: Future Developments and Upgrades - Operators are preparing to restart eSIM services, focusing on system optimization to address compatibility issues [17]. - The reintroduction of eSIM services will implement stricter authentication measures, including dual verification through ID and facial recognition, to prevent fraudulent registrations [18]. - The return of eSIM technology is expected to revolutionize communication methods and reshape smartphone designs [19]. Group 4: User Experience and Benefits - eSIMs allow users to switch between different operators and plans without needing to change physical SIM cards, enabling seamless transitions [22]. - The removal of SIM card slots can enhance device design by saving space, improving waterproofing, reducing thickness, or increasing battery capacity [23]. - eSIMs facilitate easier international roaming by allowing users to purchase local data plans online upon arrival, reducing costs associated with traditional roaming [24]. - In IoT applications, eSIMs enable remote management and enhance security, reducing the risk of information theft [25].

Group 1 - The report highlights the accelerating resonance of the domestic and international robotics industry, maintaining a positive outlook on investment opportunities in related sectors [1][28][51] - The report emphasizes the advancements in wheeled and humanoid robots, showcasing the release of the Helios dual-arm wheeled robot and the Codroid 02 humanoid robot, which demonstrate significant capabilities in complex operations and dynamic scene adaptability [1][19][36] - The report suggests focusing on two directions for investment: industrial robots suitable for warehouse and workshop operations, and companion robots targeting family service scenarios, which can enhance model capabilities in real environments [20][49] Group 2 - The MWC2025 event showcased innovations in AI and 5G-A technologies, with ZTE demonstrating comprehensive solutions for AI applications, AI terminals, and network upgrades [21][52][55] - The report notes that operators are expected to increase computational power investments and optimize their layouts, further coordinating key links in the industry chain such as base stations, terminals, and chips [23][55] - The report highlights the launch of various AI-driven products by major telecom operators, including China Mobile's AI+ intelligent computing center and China Telecom's quantum communication solutions, which enhance user experience and security [22][23][56] Group 3 - The Huawei Developer Conference 2025 introduced HarmonyOS 6 and the upgraded Pangu model 5.5, which enhances capabilities in natural language processing and multi-modal applications [24][25][36] - The report indicates that the Pangu model can generate training data for intelligent driving and embodied intelligent robots, facilitating continuous optimization and iteration [25][36] - The report emphasizes the ongoing upgrades in operating systems and various large models by leading manufacturers, which are expected to improve coding and reasoning capabilities while optimizing user experience [25][36]

Core Insights - The global deployment of F5G-A all-optical networks is accelerating, with over 70 operators launching 10G packages, indicating a significant shift in the optical access sector [1] - Shanghai is leading the development and application of 10G optical networks, supported by major companies like China Telecom and Huawei, as part of the "Global Dual 10G City" strategy [1][2] - The integration of F5G-A and 5G-A technologies is driving innovation in smart homes, digital offices, and enterprise-level transformations [2][3] Group 1: F5G-A Innovations - The F5G-A Innovation Center in Shanghai is redefining digital life with applications like cloud 8K home theaters and AI robots, enhancing user experiences through FTTR technology [2] - The center has achieved national leadership in key metrics such as the number of 50G-PON ports, facilitating a comprehensive ecosystem for AI applications in households [3] - Shanghai Telecom and Huawei have established the first "10G Cloud Broadband Demonstration Community" based on 50G-PON technology, catering to the growing demand for high-speed networks in enterprise parks [3] Group 2: 5G-A Applications - 5G-A is expanding its reach from smart factories to transportation, exemplified by the "Junzi Lan" cruise ship, which has become a benchmark for 5G-A network coverage [4][8] - The integration of 5G-A technology in public transport, such as buses, has improved service efficiency, reducing passenger wait times significantly [8] - The collaboration between China Telecom and Huawei in developing "Smart Aggregation for Uplink" technology is enhancing network services, transitioning from connectivity to intelligent services [8][9] Group 3: Strategic Insights - The emphasis on high-demand services like HD video and IoT connectivity is crucial for operators, as highlighted by Huawei's leadership [9] - The synergy between F5G-A and 5G-A, along with AI integration, is positioned as a new engine for the digital economy, paving the way for innovative communication industry developments [9]

Investment Rating - The report maintains a "Recommended" investment rating for the communication industry [1] Core Insights - The 2025 World Mobile Communication Conference (MWC) focused on key themes such as 5G integration, AI, and satellite communication, highlighting significant advancements in the industry [15][49] - The communication sector has shown resilience, outperforming major indices like the CSI 300 and the ChiNext Index in both weekly and year-to-date performance [8][9] - Key companies to watch include China Mobile, China Telecom, and China Unicom, with specific recommendations for various segments such as AI applications, satellite communication, and optical components [49][51] Summary by Sections Industry Overview - The communication industry consists of 124 listed companies with a total market capitalization of approximately 484.33 billion [3] - The sector's performance has been robust, with a 1.58% increase in the past week, outperforming the CSI 300 by 2.04 percentage points [8][9] MWC Highlights - Major announcements included the release of the "Agentic AI for Telco" white paper by China Mobile and several partners, outlining a framework for AI collaboration in telecommunications [15][16] - China Mobile introduced a series of AIoT products, emphasizing the integration of AI with IoT and satellite communications [21][22] - China Telecom showcased its cloud-network integration strategy, focusing on AI-driven applications across various sectors [25][27] Investment Recommendations - Recommended companies include: - Telecom Operators: China Mobile, China Telecom, China Unicom [51] - Optical Components: New Yisheng, Tianfu Communication, Zhongji Xuchuang [51] - Satellite Communication: Haige Communication, Shanghai Hanhua, Qiyi Er [51] - Equipment Manufacturers: Gongjin Co., Unisoc, ZTE, Ruijie Networks [51] - IoT Modules: Guanghetong, with a focus on AI applications [51]

Core Viewpoint - The recent change in the bidding candidates for a multi-million system procurement project by China Telecom has raised questions regarding the evaluation process and the reasons behind the sudden ranking switch between the two leading candidates [1][12]. Group 1: Project Overview - The project is a centralized procurement for desktop operating systems by China Telecom, divided into two packages: Package One for 286,000 cloud-based desktop operating systems with a maximum bid limit of 68.42 million yuan (excluding VAT) and Package Two for 54,000 physical machine desktop operating systems with a maximum bid limit of 19.98 million yuan [5]. - Package One selected two winners with a distribution of 60% and 40% based on their bid prices, while Package Two also selected two winners, with the distribution depending on the price relationship between the bids [5][6]. Group 2: Bidding Process and Results - The first candidate for Package One was Kirin Software, ranked first, while Zhongke Fangde Software was ranked second [2]. - For Package Two, the initial first candidate was Tongxin Software with a bid of 22.23394 million yuan (including VAT), and Kirin Software was the second candidate with a bid of 22.41385503 million yuan (including VAT) [4]. - On June 17, the candidates for Package Two were unexpectedly changed, with Kirin Software moving to the first position and Tongxin Software to the second, resulting in a difference of over 4 million yuan in estimated bid amounts based on the share distribution [7].

Core Viewpoint - China Telecom showcased its breakthroughs in the integration of artificial intelligence (AI) and communication networks at the 2025 World Mobile Communication Conference (MWC Shanghai), emphasizing its role in driving industry transformation and enabling intelligent upgrades across various sectors [1] Group 1: Technological Innovation - The AI+ network capability is built on a solid foundation of the "cloud-network integration" strategy, with the release of the Star Network Model 2.0 as a key highlight, covering all professional fields of cloud-network operations [3] - The AI-driven "Smart Upstream" technology, developed in collaboration with Huawei, enhances 5G-A network upstream rates by 15% and reduces latency by 30%, marking a significant step towards the evolution of 5G-A into a "Mobile AI network" [3] Group 2: Product Upgrades - The AI+ strategy integrates deeply into personal, family, and industry scenarios, with over 80 industry-specific AI models deployed, achieving a defect detection accuracy of 99.4% in industrial quality inspection [4] - In the personal domain, AI features such as video editing efficiency improvements of 40% and document generation speed increases of 30% have been introduced through the integration of the Star Network Model with personal devices [4] Group 3: Ecosystem Co-construction - China Telecom's AI+ strategy emphasizes open collaboration, attracting over 5,000 ecosystem partners and facilitating over 70 billion calls to cloud-network capabilities [5] - The establishment of the "Future Intelligent Body Joint Innovation Center" with Huawei focuses on cutting-edge technologies, earning the TM Forum 2025 "Data and AI Innovation Excellence Award" [5] Group 4: Future Directions - The company plans to enhance foundational connectivity by constructing 10G 5G and 50G PON broadband networks, accelerate the integration of quantum technology with AI, and deepen the "AI+ security" framework to strengthen digital security [5]