Group 1 - The core point of the article is that ZTE Corporation has filed an international patent application for a channel transmission method, communication device, storage medium, and program product, with the application number PCT/CN2025/082289 and an international publication date of January 29, 2026 [1] - ZTE has announced a total of 132 international patent applications this year, which represents a decrease of 31.96% 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]

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"移动性 通信方法、网络节点及存储介质"，专利申请号为PCT/CN2025/083966，国际公布日为2026年1月29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132个，较去年同期减少了31.96%。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） ...

Core Viewpoint - ZTE Corporation has filed an international patent application for a "Interference Management Method, Communication Device, Storage Medium, and Program Product" with the application number PCT/CN2025/091185, which is set to be published internationally on January 29, 2026 [1] Group 1: Patent Application - The patent application is part of ZTE's ongoing efforts in innovation and technology development [1] - This marks a continuation of ZTE's intellectual property strategy, despite a decrease in the number of international patent applications this year [1] Group 2: Patent Application Statistics - ZTE has announced a total of 132 international patent applications in 2023, representing a decrease of 31.96% compared to the same period last year [1] - This decline in patent applications may reflect broader trends in the industry or internal company challenges [1] Group 3: R&D Investment - In the first half of 2025, ZTE invested 12.665 billion yuan in research and development, which is a slight decrease of 0.48% year-on-year [1] - The reduction in R&D investment could impact the company's future innovation capabilities and competitive position [1]

Core Viewpoint - ZTE Corporation has filed an international patent application for a method of processing channel state information, with the application number PCT/CN2025/082763, set to be published internationally on January 29, 2026 [1] Group 1: Patent Application - The patent application is titled "Method for Processing Channel State Information, Communication Device, Storage Medium, and Program Product" [1] - This marks ZTE's 132 international patent applications announced this year, which is a decrease of 31.96% compared to the same period last year [1] Group 2: R&D Investment - In the first half of 2025, ZTE invested 12.665 billion yuan in research and development, reflecting a year-on-year decrease of 0.48% [1]

Investment Rating - The report maintains a "Buy" rating for the company [6][29]. Core Insights - The company is a global leader in integrated information and communication technology solutions, focusing on long-term investment and core technology control, while actively participating in the construction of intelligent computing infrastructure [6][14]. - The revenue structure is diversifying, with significant contributions from intelligent computing as a second growth curve, leading to a steady increase in revenue and profit [29][31]. - The global communication equipment market is expected to grow steadily, with a shift in operator capital expenditure from coverage to value extraction, highlighting the importance of 5G-A technology [39][42]. Summary by Sections 1. Global Communication Equipment Leader - The company has evolved from a follower to a leader in network connectivity and intelligent computing over its 40 years of operation, serving over one-third of the global population across more than 160 countries [14][17]. - The company maintains a leading market share in various communication device segments and is committed to R&D investment to capitalize on opportunities presented by the AI wave [6][14]. 2. Demand Differentiation and Competitive Elevation - The global communication equipment market is projected to grow at an annual rate of approximately 4%, reaching $121.7 billion by 2027 [39][40]. - Operators are transitioning from capital expenditure focused on coverage to operational expenditure aimed at value extraction, with 5G-A technology becoming a focal point for future investments [42][46]. 3. Intelligent Computing Infrastructure Breakthrough - The demand for high-level intelligent computing is rapidly increasing, with the global share of intelligent computing rising from 7% in 2018 to 62% in 2023, indicating a significant structural transformation in the computing industry [51][54]. - The company is enhancing its intelligent computing product development and market investment, which has become a core driver of overall revenue growth [51][54].

Core Viewpoint - The data indicates significant outflows of main funds from various stocks, with notable declines in share prices across multiple sectors, particularly in the rare metals and non-ferrous metals industries [1][2][3] Group 1: Stock Performance and Fund Outflows - BlueFocus Media experienced a fund outflow of 1.638 billion yuan, with a share price decline of 3.59% [2] - Northern Rare Earth saw a fund outflow of 1.321 billion yuan, with a share price drop of 8.72% [2] - Zijin Mining reported a fund outflow of 1.256 billion yuan, with a decrease in share price of 8.33% [2] - Tongling Nonferrous Metals had a fund outflow of 1.232 billion yuan, with a share price decline of 10.01% [2] - Luoyang Molybdenum experienced a fund outflow of 1.128 billion yuan, with a share price drop of 9.21% [2] Group 2: Sector Analysis - The rare metals sector, represented by Northern Rare Earth and Luoyang Molybdenum, is facing significant fund outflows and price declines [2][3] - The non-ferrous metals sector, including companies like Zijin Mining and Tongling Nonferrous Metals, is also experiencing substantial outflows, indicating potential challenges in this industry [2][3] - The energy metals sector, represented by Tianqi Lithium and Ganfeng Lithium, shows notable fund outflows, with share price declines of 8% and 7.46% respectively [2][3]

（文章来源：证券日报） 证券日报网讯 1月29日，中兴通讯在互动平台回答投资者提问时表示，对于新闻媒体报道事项，公司已 于2025年12月11日发布《重大事项公告》，后续相关事项如有重大进展，公司将按照法律法规及时履行 信息披露义务。 ...

证券日报网讯 1月29日，中兴通讯（000063）在互动平台回答投资者提问时表示，公司一直重视与投资 者互动与交流，认真回复投资者提出的问题。 ...

证券日报网讯 1月29日，中兴通讯（000063）在互动平台回答投资者提问时表示，在卫星互联网及空天 地一体化领域，公司始终与国家战略方向保持高度一致，深度关注并积极布局国家级和商业级卫星互联 网项目。 ...

Core Viewpoint - The company, ZTE Corporation, is a leading global provider of integrated information and communication technology solutions and plays a significant role in the research and standardization of satellite internet technology in China [1] Group 1: Company Positioning - The company has established deep collaborations with major domestic operators and industry partners, completing multiple key technology verifications [1] - The company aims to leverage its advantages in communication industry standardization, core technologies, and product specifications to offer comprehensive satellite payload products [1] Group 2: Future Outlook - The company is focused on helping its partners build core competitiveness in the satellite internet sector [1]