Core Insights - The commercial aerospace sector in the A-share market is rapidly expanding, with several companies reporting progress in product delivery and profitability in satellite manufacturing and rocket components [1][2] - Companies are actively positioning themselves through technological advancements and strategic partnerships to capitalize on the growth opportunities in the commercial aerospace industry [1] Group 1: Order Delivery and Revenue Growth - Companies are beginning to achieve stable small-batch deliveries in their commercial aerospace businesses, with projections for significant revenue growth in the coming years [1] - Chaojie Co. expects its commercial aerospace-related revenue to grow rapidly by 2026, driven by the completion of key rocket models and increased market demand [1] - The manufacturing of rocket structural components is a critical segment of the commercial aerospace supply chain, with Chaojie Co. set to complete its riveting production line by mid-2024, capable of producing 10 rockets annually [1] Group 2: Product Development and Market Positioning - Jiuzhiyang has successfully sold products such as fiber amplifiers and tracking cameras for commercial aerospace applications, focusing on economic and reliable solutions [2] - Longsheng Technology's subsidiary has developed several core precision components for commercial aerospace, including satellite solar wing hinges and attitude control mechanisms [2] - Blues Technology has leveraged its expertise in consumer electronics to supply satellite ground receiver components and has developed ultra-thin photovoltaic glass modules for space applications [2] Group 3: Technological Ecosystem and Collaboration - The initial increase in orders signals robust growth in the commercial aerospace sector, supported by ongoing technological breakthroughs and collaborative ecosystem development [3] - ZTE is working on a star-ground integrated communication network for 6G, collaborating with domestic operators and satellite companies to validate NTN technology [3] - Companies like Qiji Precision and Chengdu Huami are focusing on developing satellite communication systems and high-performance chips to support commercial aerospace needs [4][5]

（文章来源：证券日报） 证券日报网讯 1月6日，中兴通讯在互动平台回答投资者提问时表示，公司根据客户、市场、成本、交 货等诸多因素综合考量投标报价。 ...

证券日报网讯 1月6日，中兴通讯（000063）在互动平台回答投资者提问时表示，中东市场是公司国际 市场的组成部分之一，公司在中东市场稳健经营。 ...

Core Insights - ZTE Corporation has achieved significant milestones in optical communication technology, including a world record for optical transmission distance and advancements in various product categories [1] Group 1: Optical Transmission - The company set a world record for optical transmission distance at 10,714 kilometers using hollow-core fiber in collaboration with telecom operators [1] - ZTE has completed real-world testing of its 1.6T coherent products for metropolitan optical networks [1] - The company launched the world's first full-frequency OTN and successfully completed pilot and commercial trials for 400G/800G full-frequency OTN data center interconnections [1] Group 2: Optical Access - ZTE has developed a prototype for the third-generation time-division coexistence technology scheme for 50G PON, paving the way for smooth upgrades in operator networks [1] Group 3: Optical Terminals - The company has shipped nearly 30 million FTTR products and holds the global leading position in PON CPE shipments [1] Group 4: Optical Modules - ZTE is considering both external procurement and in-house development of optical modules based on market and technical factors [1] - In the optical transmission sector, the company is developing and producing coherent optical modules for transmission networks, including OTN 100G/400G/800G pluggable modules [1] - For optical modules used in data communication fields such as servers, ZTE opts for external procurement [1] Group 5: CPO Technology - CPO is identified as a key technology for achieving high bandwidth and low power consumption in networks, with ZTE increasing its R&D efforts in optical communication, focusing on core components and packaging technology for CPO [1]

（文章来源：证券日报） 证券日报网讯 1月6日，中兴通讯在互动平台回答投资者提问时表示，公司目前生产经营活动一切正 常。 ...

证券日报网讯 1月6日，中兴通讯在互动平台回答投资者提问时表示，ZTE是公司英文名称 ZhongxingTelecommunicationEquipment的简写，也是公司面向全球市场的品牌核心符号。同时，公司通 过构建差异化品牌体系，传递丰富多元的品牌文化。公司旗下有中兴、努比亚、红魔三大品牌，满足不 同领域的用户需求。其中，中兴品牌主要面向商务人群，推动科技惠民；努比亚面向年轻人群，始终引 领潮流科技；红魔专注于电竞细分赛道，强化硬核、热血、潮酷的品牌标签。 （文章来源：证券日报） ...

Group 1 - UBS's long position in ZTE Corporation's H-shares decreased from 8.17% to 7.98% as of December 30, 2025 [1]

Core Viewpoint - ZTE Corporation (00763) has announced a plan to repurchase its A-shares through centralized bidding, utilizing its own funds for employee stock ownership plans or equity incentives [1] Group 1: Repurchase Plan - The total amount allocated for the share repurchase will be no less than RMB 1 billion and no more than RMB 1.2 billion, including the stated amounts [1] - The maximum repurchase price is set at RMB 63.09 per share [1] - The repurchase period will last for 12 months from the date the board approves the repurchase plan [1] Group 2: Implementation Status - As of December 31, 2025, the company has not yet implemented the share repurchase [1]

Core Viewpoint - The company emphasizes its commitment to developing satellite communication technology, particularly focusing on the integration of satellite and terrestrial networks for 6G applications [1] Group 1: Company Initiatives - The company is recognized as a global leader in communication technology and is dedicated to building a satellite-terrestrial integrated communication network [1] - The company has collaborated with domestic operators and satellite companies to conduct multiple NTN (Non-Terrestrial Network) technology trials, achieving significant breakthroughs [1] Group 2: Future Outlook - The company plans to leverage its leading position in the communication sector to offer comprehensive satellite payload products, aiding partners in building core competitive advantages [1]

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。 ...