Investment Rating - Industry rating: Recommended [5] Core Insights - The recent surge in China's AI models during the "Spring Festival" has shifted the focus from general chat tools to vertical productivity tools and real agent implementations, particularly in industrial video generation and engineering-level programming [1][13] - Major players like ByteDance, Alibaba, and Zhipu AI are leading the market, with competition now centered on efficiency, cost control, and scene adaptation rather than just parameter scale [1][13] - The demand for computing power is expected to boost hardware and computing rental markets, benefiting companies involved in computing leasing and third-party data centers [2][14] Summary by Sections Section 1: AI Model Developments - Multiple flagship models were released during the Spring Festival, enhancing capabilities in video and programming applications, with significant improvements in quality and efficiency [7][13] - ByteDance's Seedance 2.0 model supports multi-modal input and has shown substantial advancements in generating complex interactions and maintaining physical accuracy [8][9] - Alibaba's Qwen3.5-Plus model has achieved breakthroughs in multi-modal capabilities and cost efficiency, making it competitive with leading models globally [10][11] Section 2: Market Outlook - The current market is experiencing liquidity concerns and changing capital expenditure expectations from overseas players like OpenAI, leading to a cautious outlook for the AI sector [3][15] - The AI development phase is seen as a critical acceleration period, with increasing demand for token usage and ongoing expansion of foundational computing infrastructure [3][15] Section 3: Recommended Investment Targets - Key investment opportunities include companies in computing and communication infrastructure, such as China Mobile, China Telecom, and third-party data center firms like Huohuan New Network and Data Port [15][17] - The report highlights the potential of low-orbit satellite components and chip suppliers in the commercial aerospace sector [3][15] - Recommendations also extend to edge computing firms and those involved in satellite internet and low-altitude economy sectors [17][19]

证券之星消息，根据企查查数据显示中兴通讯（000063）公布了一项国际专利申请，专利名为"序列传 输方法、装置、存储介质及程序产品"，专利申请号为PCT/CN2025/088776，国际公布日为2026年2月19 日。 专利详情如下： 今年以来中兴通讯已公布的国际专利申请200个，较去年同期减少了26.2%。结合公司2025年中报财务 数据，2025上半年公司在研发方面投入了126.65亿元，同比减0.48%。 数据来源：企查查 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 图片来源：世界知识产权组织（WIPO） ...

或许大家还在觉得5G的网速已经很快了。却不知6G的战场早就打响了。 到2030年，全球移动数据量将会冲破5000EB大关，也就是说5G的带宽快扛不住了，得靠6G来接棒。 传输速度上TB每秒，延迟缩到微秒级，还得融进AI，让网络自己聪明起来。 所以说这不是一场简单的技术升级，更像是各国手里的一张牌，谁抓牢了，谁就多几分底气。 可专利这块儿，美国稳拿35.2%，日本咬着9.9%，中国有多少呢？ 早年间，美国政府就划拨 4.5 亿美元专项经费，支持高通、英特尔等企业开展 6G 研发。 本次统计涵盖全球所有已注册和在审核心专利，数据无水分，是各国技术实力的真实写照。 6G 是融合地面与太空通信、叠加人工智能和太赫兹技术的全新体系，其专利覆盖基站、芯片、应用全链条。 据《中国互联网发展报告 2025》和央视新闻发布的权威数据，全球 6G 专利申请总量已突破 3.8 万件。 这些专利的核心价值，在于主导国际技术标准。 就像居家过日子定规矩，谁掌握核心专利，全球 6G 设备生产、服务落地就得遵循谁的规则，使用方甚至要支付专利费。 美国的专利优势，源于政府与企业的深度绑定。 但美国的优势存在明显短板。专利高度集中在少数巨头手 ...

Core Viewpoint - ZTE Corporation has filed an international patent application for a method and device for determining NPCA configuration information in multi-access point collaboration, with the application number PCT/CN2025/084778 and an international publication date of February 19, 2026 [1] Group 1: Patent Application - The patent application is titled "Method and Device for Determining NPCA Configuration Information in Multi-Access Point Collaboration" [1] - The application number is PCT/CN2025/084778 [1] - The international publication date is set for February 19, 2026 [1] Group 2: Patent Statistics - ZTE Corporation has announced a total of 200 international patent applications this year, which represents a decrease of 26.2% compared to the same period last year [1] - The company invested 12.665 billion yuan in research and development in the first half of 2025, reflecting a year-on-year decrease of 0.48% [1]

证券之星消息，根据企查查数据显示中兴通讯（000063）公布了一项国际专利申请，专利名为"数据传 输方法、通信设备、存储介质和计算机程序产品"，专利申请号为PCT/CN2025/088490，国际公布日为 2026年2月19日。 图片来源：世界知识产权组织（WIPO） 今年以来中兴通讯已公布的国际专利申请200个，较去年同期减少了26.2%。结合公司2025年中报财务 数据，2025上半年公司在研发方面投入了126.65亿元，同比减0.48%。 数据来源：企查查 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 专利详情如下： ...

2026年央视马年春晚，既是全民文化盛宴，更是全球芯片产业的"实战大阅兵"。从舞台机器人到幕后转播，从主分会场联动到终端呈现，每一处科技亮点 都离不开芯片支撑，集中展示了国内外顶尖芯片企业实力，彰显中国芯片从"可用"到"好用"的突破。 舞台C位：四家人形机器人的"芯脏对决"（8家芯片企业护航） 魔法原子、银河通用、宇树科技、松延动力四台机器人集体亮相春晚，其流畅动作与精准交互均由底层芯片调控，8家芯片企业构成这些"科技演员"的核 心支撑。 （一）魔法原子MagicBot Z1：国产化芯片的纯血展示 该机器人亮相歌曲《智造未来》，核心芯片实现100%国产化。 全志科技 ：提供主控SoC芯片，承担机器人整体调度、运动规划与指令分发，保障舞蹈动作精准同步。 芯联集成 ：与魔法原子联合研发高集成电驱控芯片，并代工传感器模组与伺服驱动芯片，直接决定机器人关节响应速度与动作流畅度。 （二）银河通用Galbot G1：高算力芯片支撑AI交互 英伟达（NVIDIA） ：搭载AGX Orin 64GB版本芯片，算力达275 TOPS，支撑大模型驱动的复杂交互，适配其算法高算力需求。 （三）宇树科技Unitree H1：多芯片适 ...

Core Insights - The 2026 Spring Festival Gala marked a significant shift with AI becoming the main attraction, integrating deeply into the event in unprecedented ways [1][11] Group 1: AI Application and Engagement - The core of this AI-driven event was the "Doubao" application from ByteDance, which played a crucial role as the exclusive AI cloud partner, contributing to both technical support and interactive segments [3][4] - "Doubao" launched a large-scale "Doubao New Year" campaign a week before the gala, featuring exciting lottery activities with over 100,000 high-tech prizes, including robots and electric vehicles, to engage the audience [3][4] Group 2: Technical Infrastructure - Behind the scenes, ByteDance's video generation model Seedance 2.0 was responsible for creating customized visual experiences for several performances, enhancing the overall viewer experience [6] - The AI server supply chain was led by Inspur Information, which provided high-performance servers equipped with NVIDIA H800 GPUs, crucial for supporting "Doubao" and the gala's high concurrency interactions [7] Group 3: Data and Content Supply - Hai Tian Rui Sheng, a leader in AI training data, supplied high-quality multimodal training data for "Doubao," while Visual China provided essential image and video content [9] - The marketing aspect was significantly supported by BlueFocus, which integrated "Doubao" into its marketing platform, facilitating AI-driven promotional activities for the gala [9] Group 4: Hardware and Software Collaboration - Zhongke Chuangda was designated as the sole system-level software partner for "Doubao," focusing on optimizing the AI's performance on various devices [8] - ZTE collaborated with "Doubao" to develop AI smartphones, while other companies provided essential components for AI-enabled devices, ensuring seamless integration of AI technology into consumer products [8]

Core Viewpoint - The low-altitude economy is transitioning from a conceptual phase to large-scale commercial use, as evidenced by recent events and technological advancements in the sector [2][3][5]. Group 1: Low-altitude Economy Developments - The first eVTOL water airport, developed by Fengfei Aviation, was showcased during the Spring Festival, marking a significant milestone in low-altitude infrastructure [3][5]. - A record-breaking drone performance featured 22,580 drones, setting a Guinness World Record for the largest simultaneous drone flight, highlighting the technological capabilities within the low-altitude economy [5][13]. - The low-altitude flight network in the Yangtze River Delta is expanding, with routes connecting Shanghai to various locations, significantly reducing travel time for residents [6][7]. Group 2: Market Trends and Capital Involvement - In early 2026, WoFei ChangKong secured nearly 1 billion yuan in funding, marking the largest single financing round in the low-altitude economy sector this year [10][11]. - Financial institutions are shifting from being mere capital providers to strategic partners, actively engaging in the technological and industrial risks associated with low-altitude ventures [12]. - The low-altitude economy is projected to reach a market size of 1.5 trillion yuan by 2025, with significant growth in drone operations and eVTOL orders, indicating a robust demand for low-altitude services [13][15]. Group 3: Competitive Landscape - Companies are actively positioning themselves in the low-altitude economy, with established firms like WanFeng AoWei and ZhongShen Power making strategic acquisitions to enhance their product offerings [14]. - New entrants and established companies are collaborating to expand the industry, with firms like SF Express and ZTE entering the market, leveraging their existing capabilities to support low-altitude operations [14]. - The industry is expected to see five major trends in 2026, including refined airspace management and rapid development of low-altitude logistics, which will attract further investment [15].

Group 1 - The core point of the article is that ZTE Corporation (000063) has filed an international patent application for a technology related to signal transmission and reception, with the application number PCT/CN2025/082166 and an international publication date set for February 12, 2026 [1] - ZTE has announced a total of 184 international patent applications this year, which represents a decrease of 25.2% compared to the same period last year [1] - In the first half of 2025, ZTE invested 12.665 billion yuan in research and development, showing a slight decrease of 0.48% year-on-year [1]

Core Insights - The article highlights the rapid growth and development of China's artificial intelligence (AI) industry, showcasing significant user adoption and innovation across various sectors [3][4][14][24][31]. Group 1: AI Industry Growth - By the end of 2025, China's generative AI user base is projected to reach 602 million, a 141.7% increase from the end of 2024, with a penetration rate of 42.8%, up 25.2 percentage points year-on-year [3]. - The AI industry in Beijing has surpassed 2,400 companies, including 46 listed firms and 36 unicorns, accounting for over half of the national total [4]. - Shanghai's AI industry is expected to exceed 550 billion yuan in scale by the end of 2025, with a year-on-year growth rate of over 30% [14]. Group 2: Key Players and Innovations - Major companies leading the AI sector include ByteDance, Baidu, and Huawei, focusing on areas such as large models, AI algorithms, and smart driving [5][24]. - Shenzhen has seen a 22.6% year-on-year growth in its core AI industry, with a total scale reaching 368.5 billion yuan in 2024, indicating a shift towards source innovation [24]. - Hangzhou's AI industry is projected to grow from 300 billion yuan in 2023 to 399 billion yuan in 2024, with 84 listed companies and 10 unicorns by the end of 2025 [31]. Group 3: Data and Infrastructure - Beijing has registered 123 large model products and established a data foundation with over 150 petabytes of data [4]. - Shanghai has completed 137 registrations for generative AI services, building a workforce of 300,000 in the AI sector [14]. - Shenzhen's AI industry encompasses a full range of the supply chain, from chips to applications, with 2,887 related enterprises [24].