Core Viewpoint - The launch of the "thinnest iPhone," the iPhone Air, in mainland China is delayed due to issues with eSIM support from local telecom operators, despite its global release in nearly 100 countries [1][3]. Group 1: Product Details - The iPhone Air, released on September 10, features a thickness of only 5.6 mm and eliminates the physical SIM card slot, adopting eSIM technology instead [1]. - Apple announced that the iPhone Air would be available in China on September 19, with support from over 500 global operators, including China Unicom [1]. Group 2: Telecom Operators' Issues - The delay in the iPhone Air's launch in mainland China is attributed to conflicts among telecom operators, with China Unicom prepared but China Mobile and China Telecom facing issues [3]. - China Mobile and China Telecom have indicated readiness for eSIM services, but have not yet launched them, leading to uncertainty regarding the iPhone Air's availability [3]. Group 3: Market Competition - The competition in the Chinese smartphone market is intensifying, with Apple facing challenges from domestic brands. From January to July, Apple's market share in the 4000 to 6000 yuan price segment dropped from 23.4% to 17%, while Huawei, Xiaomi, Vivo, OPPO, and Honor gained shares [6]. - The future pricing strategies of the three major telecom operators regarding eSIM services will significantly influence user migration and market dynamics [6].

格隆汇10月9日丨中国电信(00728.HK)宣布，董事会将于2025年10月21日（星期二）举行本公司董事会 会议，藉以批准（其中包括）本公司及其附属公司截至2025年9月30日止九个月期间的财务业绩。 ...

Core Insights - The communication services sector experienced a 1.1% increase on October 9, with Chaoxun Communication leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Sector Performance - Chaoxun Communication (603322) closed at 58.18, with a rise of 7.94% and a trading volume of 291,500 shares, totaling a transaction value of 1.647 billion yuan [1] - Yuandao Communication (301139) saw a 4.70% increase, closing at 21.84 with a trading volume of 121,800 shares, amounting to 265 million yuan [1] - Lian Technology (300603) increased by 2.84%, closing at 11.58 with a trading volume of 223,900 shares, totaling 259 million yuan [1] - Other notable performers include Sanwei Communication (002115) with a 2.05% increase and a transaction value of 1.724 billion yuan, and Runhua Branch (300442) with a 1.74% increase and a transaction value of 1.716 billion yuan [1] Fund Flow Analysis - The communication services sector saw a net outflow of 376 million yuan from institutional investors, while retail investors contributed a net inflow of 264 million yuan [2] - Notable net inflows from retail investors were observed in Dream Network Technology (002123) with 20.17 million yuan and China Mobile (600941) with 19.20 million yuan [3] - Conversely, China Unicom (600050) experienced a net outflow of 73.05 million yuan from institutional investors [3]

格隆汇10月9日丨中国电信(00728.HK)宣布，董事会将于2025年10月21日（星期二）举行本公司董事会 会议，藉以批准（其中包括）本公司及其附属公司截至2025年9月30日止九个月期间的财务业绩。 ...

Core Viewpoint - Pingzhi Information (300571.SZ) announced that its subsidiary, Shenzhen Zhaoneng Xuntong Technology Co., Ltd., has been shortlisted as a candidate for the China Telecom Tianyi Gateway 4.0 (2023-2025) centralized procurement project [1] Group 1 - The announcement was made following the publication of the candidate list on the China Telecom Sunshine Procurement Network external portal [1] - Shenzhen Zhaoneng is one of the candidates for the second inquiry of the procurement project [1]

Core Viewpoint - Pingzhi Information (300571.SZ) announced that its subsidiary, Shenzhen Zhaoneng Xuntong Technology Co., Ltd., has been shortlisted as a candidate for the China Telecom Tianyi Gateway 4.0 (2023-2025) centralized procurement project [1] Group 1 - The announcement was made following the publication of the candidate list on the China Telecom Sunshine Procurement Network external portal [1] - Shenzhen Zhaoneng is one of the candidates for the second inquiry of the procurement project [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China Telecom Corporation Limited 中国电信股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份編號：728） 董事會會議召開日期 中國北京，2025 年 10 月 9 日 於本公告刊發之日的本公司董事會包括柯瑞文（董事長兼首席執行官）；劉桂清（總裁兼首席 運營官）；唐珂、李英輝（財務總監）（皆為執行副總裁）；呂永鐘（非執行董事）；吳嘉寧、 楊志威、陳東琪、呂薇（皆為獨立非執行董事）。 中國電信股份有限公司（「本公司」）董事會（「董事會」）宣佈將於 2025 年 10 月 21 日（星 期二）舉行本公司董事會會議，藉以批准（其中包括）本公司及其附屬公司截至 2025 年 9 月 30 日止九個月期間的財務業績。 承董事會命 中國電信股份有限公司 公司秘書 黄玉霞 ...

公司名稱: 中國電信股份有限公司 呈交日期: 2025年10月6日 I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 本月底法定/註冊股本總額： RMB 91,507,138,699 FF301 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00728 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 13,877,410,000 | RMB | | 1 RMB | | 13,877,410,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 13,877,410,000 | RMB | | 1 RMB ...

Core Viewpoint - Pingzhi Information (300571.SZ) announced that its subsidiary, Shenzhen Zhaoneng Xuntong Technology Co., Ltd., has been shortlisted as a candidate for the centralized procurement project of China Telecom's Tianyi Gateway 4.0 for the years 2023-2025 [1] Group 1 - The project is part of China Telecom's ongoing procurement efforts, indicating a significant opportunity for the company in the telecommunications sector [1] - The announcement highlights the competitive nature of the procurement process, with multiple candidates involved [1]

Core Viewpoint - Tianyi Co., Ltd. has been announced as one of the successful candidates for the centralized procurement projects of China Telecom, specifically for the Tianyi Gateway 4.0 (2023-2025) and the embedded micro smart set-top box products (2025-2026) [1] Group 1 - The company is a successful candidate in the centralized procurement project for the Tianyi Gateway 4.0 [1] - The company is also a successful candidate for the embedded micro smart set-top box products procurement project [1]