Core Viewpoint - ZTE Corporation, in collaboration with industry partners, has successfully completed key technology tests for RAN AI, enhancing the integration of AI with RAN for improved efficiency and user experience in 5G networks [1] Group 1: Technology Development - The tests were organized by the IMT-2020 (5G) Promotion Group, focusing on the research and standardization of 3GPP R18/R19 5G RAN+AI/ML [1] - The testing verified intelligent beam selection for millimeter waves and ensured service experience in low-frequency bands, demonstrating the capabilities of AI-driven base stations [1] Group 2: Commercialization Potential - The successful completion of these tests lays a solid foundation for the future commercialization of these technologies in the 5G sector [1]

内容概况：通感算控一体化作为一项前沿技术，近年来在中国取得了显著的发展。2024年，中国通感算 控一体化行业市场规模约为157.9亿元，同比增长10.57%。近年来，中国在该领域取得了显著的技术突 破。2023年，中国移动研究院、广东移动联合中兴通讯在深圳完成了业界首个"低频通感算控一体化"地 空多目标感知技术验证，实现了复杂移动环境下多目标轨迹的感知，探测距离最远超1.4公里，感知距 离精度最大达到亚米级。这一技术的成功验证不仅展示了通感算控一体化技术的先进性，也为未来的商 业化应用奠定了坚实基础。 相关上市企业：中兴通讯（000063）、中国移动（600941）、中国联通（600050）、中国电信 （601728）、信科移动（688387） 相关企业：华为技术有限公司、京信通信系统控股有限公司、中信科移动通信技术股份有限公司、华虹 半导体有限公司、杭州士兰微电子股份有限公司、航锦科技股份有限公司、四川海特高新技术股份有限 公司、中国东方红卫星股份有限公司、中国卫通集团股份有限公司、大疆创新科技有限公司、顺丰科技 有限公司、华润微电子有限公司 关键词：通感算控一体化、通感算控一体化市场规模、通感算控一体化行 ...

Core Viewpoint - ZTE Corporation's subsidiary, ZTE Microelectronics, has developed the Han域 M1 chip, which is a high-performance SoC chip designed for the next generation of automotive electronic architectures, emphasizing high performance, large bandwidth, and high security [1] Group 1 - The Han域 M1 chip features a multi-core heterogeneous architecture, providing strong computing power and low-latency processing capabilities for multifunctional domains and centralized computing units [1] - The chip is set to be delivered by the end of September 2025 [1]

Economic News - The Ministry of Commerce of China has taken countermeasures against five U.S. subsidiaries of Hanwha Ocean Corporation in response to the U.S. investigation into China's maritime, logistics, and shipbuilding sectors [2] - The Chinese automotive industry has seen significant growth in the first nine months of the year, with production and sales reaching 24.43 million and 24.36 million vehicles, respectively, marking year-on-year increases of 13.3% and 12.9% [2] - The China Nuclear Group has made significant progress in key technologies for magnetic confinement nuclear fusion energy extraction, establishing a research platform for liquid metal and helium gas working fluids [2] Company Insights - ZTE Corporation has completed testing for 5G-A cellular passive IoT technology, achieving a 100% success rate in inventory success for both single and multiple tags [4] - CATL has established a new five-year strategic cooperation with Dongfeng Commercial Vehicle, focusing on electric vehicle technology development and market expansion [4] - Tongyu Communication has entered the low-orbit satellite supply chain and received overseas orders, aiming to enhance its capabilities in satellite-ground collaboration [4] Daily Research - The report indicates that external shocks have limited impact on the market, with the A-share market maintaining a mid-term upward trend despite recent volatility [5] - The report suggests a dual mainline investment strategy, emphasizing the importance of the technology sector while also considering cyclical sectors like military, pharmaceuticals, and new energy [6] Satellite Internet Industry - The report reviews the development of SpaceX's Falcon 1 rocket, highlighting the importance of engine components and testing services in the commercial space industry [8] - The Merlin 1A engine is identified as a core component of the Falcon 1 rocket, with the combustion chamber being critical for its performance [9] - The report emphasizes the significance of extensive testing in achieving a high success rate for rocket launches, with SpaceX achieving a 97.76% success rate across its missions [12] Investment Strategy - The report recommends focusing on domestic suppliers of rocket engine components and testing services as promising investment opportunities in the commercial space sector [13] - Specific companies highlighted include Srey New Materials and Guoji Precision Engineering as key players in the rocket engine supply chain [14]

中兴通讯在互动平台表示，中兴通讯全资子公司中兴微电子研发设计的撼域M1芯片是一颗面向新一代 汽车电子电气架构的车规级高性能中央计算平台SoC芯片，具备高性能、大带宽、高安全性，采用多核 异构架构，能够为多功能域及融合集中型中央计算单元提供强大算力与低延时处理能力，已于2025年9 月底发货。 ...

Core Viewpoint - The low-altitude economy sector experienced a decline of 2.28% on October 14, with Xuguang Electronics leading the drop. The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1]. Group 1: Stock Performance - The top gainers in the low-altitude economy sector included: - Shangong Shenbei (600843) with a closing price of 13.73, up 10.02% and a trading volume of 999,700 shares, totaling 1.362 billion yuan [1]. - Dongxin Peace (002017) closed at 25.28, up 10.01% with a trading volume of 493,800 shares, totaling 1.208 billion yuan [1]. - The top losers included: - Xuguang Electronics (600353) with a closing price of 19.16, down 8.19% and a trading volume of 1,020,100 shares, totaling 2.051 billion yuan [2]. - Longsheng Technology (300680) closed at 52.03, down 8.07% with a trading volume of 170,700 shares, totaling 924 million yuan [2]. Group 2: Capital Flow - The low-altitude economy sector saw a net outflow of 3.743 billion yuan from institutional investors, while retail investors experienced a net inflow of 2.939 billion yuan [2]. - The capital flow for specific stocks showed: - Shangong Shenbei (600843) had a net inflow of 518 million yuan from institutional investors, accounting for 38.02% of its total trading [3]. - Dongxin Peace (002017) experienced a net inflow of 315 million yuan from institutional investors, representing 26.05% [3].

证券之星消息，10月14日通信设备板块较上一交易日下跌5.74%，美利信领跌。当日上证指数报收于 3865.23，下跌0.62%。深证成指报收于12895.11，下跌2.54%。通信设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002017 | 东信和平 | 25.28 | 10.01% | 49.38万 | | 12.08亿 | | 300710 | 万隆光电 | 21.73 | 7.15% | 14.19万 | | 3.11亿 | | 002104 | 恒宝股份 | 21.96 | 6.55% | 126.30万 | | 27.66亿 | | 688027 | 園盾童子 | 397.01 | 3.22% | 6.32万 | | 25.65亿 | | 003040 | 楚天龙 | 20.95 | 3.20% | 28.65万 | | 6.05亿 | | 603421 | 鼎信通讯 | 8.34 | 2.58% | 41.87万 | | 3.49亿 | ...

Core Insights - ZTE Corporation has launched the RoomPON 7.0 all-optical central screen product, marking a new phase in smart home technology focused on AI-driven experiences [1][2] - The release signifies a strategic shift from bandwidth expansion to enhancing smart experiences, emphasizing deep collaboration with China Mobile [1] Product Development - RoomPON 7.0 features a 6 TOPS NPU computing power and 8K single-chip decoding capability, with an overall performance improvement of 85% compared to the previous generation [2] - The product introduces an AI home "service engine" that includes intent recognition, low-latency TTS, and high-precision voiceprint recognition, positioning it as an intelligent endpoint capable of understanding and serving user needs [2] Market Positioning - ZTE's home terminal annual shipment has surpassed 100 million units, with FTTR products reaching nearly 30 million sets [1] - The RoomPON 7.0 serves as a unified interaction entry point covering five core scenarios: family memory, health care, home security, interactive entertainment, and network enjoyment, enhancing the digital living experience [2] Future Strategy - ZTE aims to continue collaborating with global industry partners to build an AI home ecosystem, leveraging technology and cooperation to improve digital living for households [2]

10月14日，中兴通讯跌5.07%，截至发稿，报50.95元/股，成交162.38亿元，换手率7.54%，总市值 2437.21亿元。 资料显示，中兴通讯股份有限公司位于广东省深圳市南山区高新技术产业园科技南路中兴通讯大厦,香 港铜锣湾勿地臣街1号时代广场2座31楼，成立日期1997年11月11日，上市日期1997年11月18日，公司主 营业务涉及投资兴办实业,电子及通信设备零部件的销售。主营业务收入构成为：运营商网络49.00%， 政企业务26.91%，消费者业务24.09%。 从基金十大重仓股角度 数据显示，长城基金旗下1只基金重仓中兴通讯。长城久泰沪深300指数A（200002）二季度持有股数 30.07万股，占基金净值比例为1.36%，位居第八大重仓股。根据测算，今日浮亏损失约81.79万元。 长城久泰沪深300指数A（200002）成立日期2004年5月21日，最新规模5.94亿。今年以来收益24.04%， 同类排名2291/4220；近一年收益23.22%，同类排名2290/3857；成立以来收益448.3%。 长城久泰沪深300指数A（200002）基金经理为杨建华、雷俊。 截至发稿，杨建华累计 ...

10月14日，中兴通讯跌5.07%，截至发稿，报50.95元/股，成交162.50亿元，换手率7.55%，总市值 2437.21亿元。 资料显示，中兴通讯股份有限公司位于广东省深圳市南山区高新技术产业园科技南路中兴通讯大厦,香 港铜锣湾勿地臣街1号时代广场2座31楼，成立日期1997年11月11日，上市日期1997年11月18日，公司主 营业务涉及投资兴办实业,电子及通信设备零部件的销售。主营业务收入构成为：运营商网络49.00%， 政企业务26.91%，消费者业务24.09%。 从基金十大重仓股角度 截至发稿，胡崇海累计任职时间3年305天，现任基金资产总规模85.12亿元，任职期间最佳基金回报 76.05%， 任职期间最差基金回报2.01%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，国泰海通资管旗下1只基金重仓中兴通讯。国泰君安沪深300指数增强发起A（018257）二季 度持有股数66.29万股，占基金净值比例为1.23%，位居 ...