Core Viewpoint - ZTE Corporation emphasizes its commitment to independent innovation in core technologies such as chips, operating systems, and databases, showcasing its industry-leading capabilities in these areas [1] Group 1: Chip Technology - The company possesses industry-leading full-process design capabilities in chip technology [1] Group 2: Operating Systems - ZTE's industrial-grade operating system is recognized for its leading performance in real-time processing, reliability, and security [1] Group 3: Database Technology - The self-developed GoldenDB database supports an average daily financial transaction volume exceeding 10 trillion yuan and processes over 10 billion core transactions, catering to more than 900 million mobile users for billing [1] - Both the new Spindle server operating system and the GoldenDB distributed database have passed national security and reliability assessments [1]

（编辑 丛可心） 证券日报网讯 1月7日，中兴通讯在互动平台回答投资者提问时表示，公司已于2025年12月12日发布 《关于回购公司A股股份方案的公告暨回购报告书》，公司拟使用自有资金以集中竞价交易方式回购公 司A股股份，用于实施公司员工持股计划或者股权激励。本次回购资金总额为不低于人民币10亿元且不 超过人民币12亿元（均包含本数）。本次回购股份的实施期限自公司董事会审议通过本次回购方案之日 起12个月内。公司后续将根据市场情况在回购实施期限内实施回购计划，具体情况请以公司披露的公告 为准。 ...

证券日报网讯 1月7日，中兴通讯在互动平台回答投资者提问时表示，在算力领域，面向AI大模型带来 的新机遇，公司强化智算产品的研发及产业生态合作，通过自研芯片、智算服务器、数据中心交换机、 数据中心配套、超大规模集群、智算一体机等全栈算力基础设施，及资源管理平台、训推平台、星云大 模型、智能体工厂等软件方案，软硬件协同打造开放普惠智算基座，提供端到端、全栈全场景智算解决 方案，满足多样化AI场景需求。 （编辑 丛可心） ...

Core Viewpoint - ZTE Corporation emphasizes its commitment to research and development (R&D) resources and efficiency, focusing on core technology breakthroughs in connectivity (CT technology) and computing power (IT technology) [1] Group 1: R&D Focus - The company is concentrating its R&D efforts on core products such as 5G and future evolution, optical networks, computing power, and terminals [1] - ZTE is also focusing on the layout of valuable patents to continuously enhance its core competitiveness [1]

证券日报网讯1月7日，美芯晟在互动平台回答投资者提问时表示，公司不断拓展产品应用场景，品牌客 户推广持续取得进展，光学追踪传感器成功搭载于小米旗舰手机终端，无线充电芯片成功用于字节豆包 与中兴合作推出的AI手机。公司已构建"电源管理+信号链"多元化产品矩阵，未来会结合行业发展与自 身技术优势，推动产品在更广泛的应用场景中落地。 ...

据香港交易所披露，贝莱德对中兴通讯股份有限公司 - H股的多头持仓比例于2026年1月2日从8.09%降 至7.82%。 ...

Market Overview - The Shanghai Composite Index rose by 0.05% on January 7, with 17 out of the 28 sectors experiencing gains. The top-performing sectors were the comprehensive and coal industries, with increases of 3.86% and 2.47% respectively. The communication sector also saw a rise of 1.24% [1] - In terms of capital flow, the main funds in the two markets experienced a net outflow of 54.336 billion yuan. Only four sectors saw net inflows, with the communication sector leading at 4.752 billion yuan, followed by the coal sector with a net inflow of 1.870 billion yuan [1] Communication Sector Performance - The communication sector increased by 1.24%, with a total net inflow of 4.752 billion yuan. Out of 124 stocks in this sector, 62 stocks rose, including 7 that hit the daily limit, while 62 stocks declined [2] - Among the stocks with net inflows, 57 stocks saw positive capital flow, with 17 stocks receiving over 100 million yuan. The top stock for net inflow was Tongyu Communication, which attracted 1.313 billion yuan, followed by Xinyi Sheng and Yongding Co., with net inflows of 613 million yuan and 554 million yuan respectively [2] - The communication sector also had stocks with significant net outflows, with 6 stocks experiencing outflows exceeding 100 million yuan. The stocks with the highest outflows included ZTE Corporation, Hengbao Co., and Sanwei Communication, with outflows of 434.5 million yuan, 270.8 million yuan, and 243.4 million yuan respectively [3] Capital Flow in Communication Sector - The top stocks in the communication sector by net inflow included: - Tongyu Communication: +10.01%, 32.34% turnover, 1.314 billion yuan inflow - Xinyi Sheng: +0.66%, 3.43% turnover, 613 million yuan inflow - Yongding Co.: +4.24%, 17.54% turnover, 554 million yuan inflow [2] - The stocks with the highest net outflows included: - ZTE Corporation: -0.89%, 3.30% turnover, -434.5 million yuan outflow - Hengbao Co.: -6.08%, 17.26% turnover, -270.8 million yuan outflow - Sanwei Communication: -2.60%, 16.96% turnover, -243.4 million yuan outflow [3]

Group 1 - The report highlights a significant increase in stock buybacks and dividend commitments among listed companies, with A-share buyback amounts rising by 97% and buyback proposals increasing by 50% in December 2025 compared to November 2025 [5][10]. - In December 2025, the total amount of buyback transactions in A-shares reached approximately 232.6 billion, with 88 transactions recorded, marking a substantial increase from the previous month [10][11]. - The report identifies the top three companies with the largest proposed buyback amounts: China Metallurgical Group, ZTE Corporation, and Zhongju Hi-Tech, with proposed amounts of 10-20 billion, 10-12 billion, and 3-6 billion respectively [10][11]. Group 2 - The report notes that the total amount of buyback and increase loans applied for in December 2025 was approximately 1604.5 billion, with 788 transactions recorded, indicating a structural preference for buybacks over increases [8][9]. - The A-share market saw a 58% increase in actual buybacks by controlling shareholders in December 2025, with a total of 38.9 billion in buybacks, although the number of new buyback proposals dropped significantly by 82% [17]. - The report also provides insights into the Hong Kong stock market, where buyback amounts reached approximately 219.3 billion HKD in December 2025, a rise of 87% from the previous month, driven by stock price corrections [23][24]. Group 3 - The report emphasizes the importance of dividend commitments as a key component of shareholder returns, tracking new dividend commitments from listed companies, with notable companies listed for December 2025 [30][31]. - The report suggests a focus on companies with significant buyback and increase announcements, providing a list of companies for investor reference based on their fundamentals and current valuations [27][28].

Core Insights - The narrative around women's influence has fundamentally changed over the past year, showcasing women as powerful figures in various fields rather than seeking empowerment from others [1][38]. Part 1: The World Modeler - Fei-Fei Li, founder of World Labs, has focused on "Spatial Intelligence," launching the Marble product, which creates high-fidelity 3D worlds from images, videos, or text prompts [1][2][3]. Part 2: The Pain Translator - Han Kang, a Nobel laureate, sparked global discussions on "female bodily sovereignty" and "historical trauma" with her works, including "The Vegetarian" and "The White Book," which became bestsellers [5][7]. Part 3: The Gold Standard - Caitlin Clark, a WNBA star, doubled viewership and sponsorship fees, proving that female athletes can generate significant commercial value when given equal exposure [11][13]. - Qinwen Zheng, a tennis champion, became a global brand ambassador for Dior and earned $22.6 million in 2025, with 93% from endorsements, redefining the public image of East Asian female athletes [13][17]. Part 4: The Heritage Hacker - Zong Fuli, president of Hongsheng Beverage Group, undertook digital reforms and brand rejuvenation, applying for a new trademark "Wawa Xiaozong" to establish her own identity separate from her father's legacy [14][16][17]. Part 5: The AI Ethicist - Mira Murati, former CTO of OpenAI, founded Thinking Machines Lab with a $12 billion valuation, focusing on creating safer and more reliable AI systems, addressing the gap in public understanding of AI [18][20][21]. Part 6: The Invisible Heroine - Female data annotators in rural China are crucial in training AI models, providing stable income and connecting with modern technology, thus becoming visible contributors to the AI evolution [22][24]. Part 7: The Strategy Sovereign - Meng Wanzhou, rotating chairwoman of Huawei, shifted the company's focus from survival to leadership in AI, achieving significant milestones in various sectors, including the Harmony ecosystem and AI computing [25][27][28]. Part 8: The Grassroots Healer - Dr. Lu Shengmei, a pediatrician, has dedicated her life to serving the community, significantly reducing infant mortality rates and becoming a symbol of enduring value in a rapidly changing world [30][31]. Part 9: The Supply Chain Queen - Wang Laichun, chairwoman of Luxshare Precision, transformed the company from a traditional manufacturer to a technology platform, focusing on high-precision manufacturing and expanding into new markets [32][33][34]. Part 10: The Wilderness Chronicler - Li Juan, author of "My Altay," received the 2025 China Copyright Golden Award, solidifying her status as a literary figure who connects individual souls with nature, providing a counter-narrative to modern anxieties [35][37].

格隆汇1月6日丨中兴通讯(000063.SZ)公布，截至2025年12月31日，公司尚未实施本次股份回购。 ...