以下文章来源于Counterpoint 咨询 ，作者Counterpoint Counterpoint 咨询 . Counterpoint Research 是一家专注于科技行业的全球性研究公司，在全球主要的市场有着强大的影响 力。我们致力于为合作伙伴提供准确、及时的市场数据，帮助他们做出明智的决策。 努比亚 M153 由字节跳动与中兴联合开发，是字节跳动推出的首款原生 AI 智能手机。该机型于 2025 年 12 月 1 日以"技术预览版"形式在中兴官方商城发布，仅面向需要体验豆包手机助手的行业 人士，并提示功能完善度未达成熟产品水平。首批约 3 万台设备迅速售罄，二级市场出现溢价交 易，彰显出市场对该产品的高度关注。目前，该机型仅提供白色 16GB + 512GB 版本，售价为 3,499 元人民币（约合 495 美元）。 根据 Counterpoint 的《AI 360》报告 ，2025 年全球智能手机出货量中支持 GenAI 的占比将超过 30%，高于 2024 年的 20%，预计到 2029 年这一比例将提升至 57%。GenAI 正逐步成为高端机型的 标配，并有望加速向中端市场渗透。AI 的快速普 ...

Group 1 - In December 2025, the enthusiasm for stock buybacks in the A-share market significantly increased, with both the number of companies announcing buyback plans and the total amount seeing substantial growth [1] - A total of 35 companies announced new buyback plans in December, representing an increase of nearly 60% compared to 22 companies in November [1] - The total proposed buyback amount for these 35 companies reached approximately 10.548 billion yuan, a 54.89% increase from 6.81 billion yuan in November [1] - Among these companies, 24 planned to buy back over 100 million yuan, accounting for 68.57% of the total [1] Group 2 - State-owned enterprises and industry leaders showed prominent performance in the buyback announcements, with notable companies like China Metallurgical Group and Dong'e Ejiao participating [1] - The companies with the highest proposed buyback amounts included China Metallurgical Group (2.5 billion yuan), Luxshare Precision (2 billion yuan), ZTE Corporation (1.2 billion yuan), and others, highlighting the financial strength and market responsibility of leading enterprises [1]

本次签约的产业项目中，未来产业项目占比超过80%。其中，佰航智能汽车计划在经开区成立造车公 司，设计开发L4级自动驾驶量产车辆；中兴通讯聚焦人工智能和6G两大方向，以通信与数智双链长的 定位，在经开区落地6家公司。 22个重点项目签约落地，十大标杆项目将陆续启动建设……2026年开年，北京经济技术开发区（也 称"北京亦庄"）提速起跑，全力发展未来产业。 北京国科天迅科技股份有限公司专注于高可靠通信芯片研发，2021年将总部迁入北京亦庄后，收入规模 增长十几倍。"从晶圆代工、芯片检测验证到IP的开发等，在区内就能得到全部生态链的支持。"该公司 董事长房亮说，"我们对亦庄越来越有信心，未来将持续扎根于此，与上下游企业一起为经开区发展作 出更大贡献。" "步入'十五五'，我们在夯实主导产业基本盘的基础上，大力发展具身智能、商业航天、6G、量子、脑 机接口、合成生物等未来产业，打造更高能级的新质生产力典范区。"北京经开区工委书记孔磊表示， 将全力打造与企业家想象力、科学家创造力、创新企业成长力齐头并进的发展生态，实现经济质效、城 市面貌、民生福祉等方面全方位跃升。 （文章来源：经济日报） 行业巨头为何接踵而至？"十四 ...

本报北京1月10日讯（记者杨学聪）22个重点项目签约落地，十大标杆项目将陆续启动建设……2026年 开年，北京经济技术开发区（也称"北京亦庄"）提速起跑，全力发展未来产业。 本次签约的产业项目中，未来产业项目占比超过80%。其中，佰航智能汽车计划在经开区成立造车公 司，设计开发L4级自动驾驶量产车辆；中兴通讯聚焦人工智能和6G两大方向，以通信与数智双链长的 定位，在经开区落地6家公司。 区域综合经济实力大幅跃升的背后，是全面成势的现代化产业体系。"十四五"期间，北京经开区新一代 信息技术产业、高端汽车和新能源智能汽车产业、生物技术和大健康产业、机器人和智能制造产业等主 导产业年均增长8%，未来产业规上企业数占北京全市四分之一，形成了6个千亿元级产业集群。 北京国科天迅科技股份有限公司专注于高可靠通信芯片研发，2021年将总部迁入北京亦庄后，收入规模 增长十几倍。"从晶圆代工、芯片检测验证到IP的开发等，在区内就能得到全部生态链的支持。"该公司 董事长房亮说，"我们对亦庄越来越有信心，未来将持续扎根于此，与上下游企业一起为经开区发展作 出更大贡献。" "步入'十五五'，我们在夯实主导产业基本盘的基础上，大力发展 ...

截至2026年1月9日收盘，中兴通讯（000063）报收于40.23元，较上周的37.84元上涨6.32%。本周，中 兴通讯1月8日盘中最高价报40.4元。1月5日盘中最低价报37.59元。中兴通讯当前最新总市值1924.42亿 元，在通信设备板块市值排名3/85，在两市A股市值排名82/5182。 本周关注点 关于按照《香港上市规则》公布2025年12月份证券变动月报表的公告 中兴通讯股份有限公司根据《香港上市规则》要求，公布了截至2025年12月31日的证券变动月报表。报 告显示，公司H股和A股的法定注册资本、已发行股份及库存股均无变动。H股总数为755,502,534股，A 股总数为4,028,032,353股，总注册资本为人民币4,783,534,887元。可转换债券方面，人民币 3,584,000,000元的H股可转换债券仍在存续期，转换价为每股30.25港元，本月底可能转换的股份为 129,726,464股。 关于回购A股股份的进展公告 中兴通讯股份有限公司于2025年12月12日召开第十届董事会第十七次会议，审议通过以集中竞价交易方 式回购A股股份的方案，拟用于员工持股计划或股权激励，回购资金总 ...

Investment Rating - The report maintains an "Overweight" rating for the communication industry, expecting the industry index to outperform the market index by more than 10% in the next six months [2][44]. Core Insights - The commercial aerospace sector is showing significant momentum both domestically and internationally, shifting focus from mere technological breakthroughs to the integration of technology, ecosystem development, and market applications. Leading companies are enhancing their commercialization capabilities [3][39]. - The report anticipates that the communication industry will experience a period of technological iteration and policy dividends in 2025, with new growth drivers emerging from AI, quantum communication, and low-altitude economy sectors. The recovery of cellular IoT modules and ongoing construction of communication facilities are expected to create new demands for devices, equipment, and service operations [3][39]. Summary by Sections 1. Communication Industry Market Review - The communication sector index fell by 1.18% over the two weeks from December 26, 2025, to January 8, 2026, underperforming the CSI 300 index by 3.22 percentage points, ranking last among 31 sectors [11][12]. - In January 2026, the communication sector index increased by 0.85%, again underperforming the CSI 300 index by 1.48 percentage points [11][12]. 2. Industry News - The Ministry of Industry and Information Technology and seven other departments jointly issued the "Implementation Opinions on the Special Action of 'Artificial Intelligence + Manufacturing'" [15]. - The first offshore reusable rocket recovery base in China has commenced construction with a total investment of 5.2 billion yuan [21]. - SpaceX's Starlink has connected over 9 million active users across 155 countries, showcasing significant growth from 14.5 million users in December 2021 [22]. 3. Company Announcements - Feiling Kesi plans to indirectly invest in Nanfei Microelectronics, focusing on high-speed network communication interconnect chips, with a total investment of 40.8 million yuan [23][24]. - Guangku Technology expects a net profit growth of 152%-172% for 2025, driven by revenue growth and cost control measures [26]. 4. Industry Data Updates - As of November 2025, the mobile phone user base reached approximately 1.828 billion, a year-on-year increase of 2.20% [27]. - The total number of 5G base stations reached 4.83 million, with a net increase of 579,000 compared to the end of the previous year [36].

Investment Rating - The industry investment rating is "Overweight" (maintained) [1] Core Insights - The report emphasizes the positive outlook for the AI industry, particularly in the context of the "AI + Manufacturing" initiative launched by the Ministry of Industry and Information Technology, which aims to promote deep integration of AI technology in manufacturing by 2027 [4] - The report highlights a potential recovery in domestic AIDC (Artificial Intelligence Data Center) bidding, indicating an increase in demand for domestic AI computing power [5] - Century Internet's financial performance shows significant growth, with a 21.7% year-on-year revenue increase in Q3 2025, suggesting a continued recovery in the AIDC sector [6] Summary by Sections AI Industry Development - The report notes that the government is actively promoting AI applications, which is expected to drive demand for domestic AI computing power [4] - The focus is on three core areas: AIDC, network endpoints, and computing endpoints, with specific recommended stocks for each segment [7] Financial Performance Indicators - Alibaba's capital expenditure for FY2026 Q2 reached 31.501 billion yuan, a year-on-year increase of 80.1%, indicating strong investment in AI cloud computing infrastructure [5] - Century Internet reported a total revenue of 2.58 billion yuan in Q3 2025, with adjusted EBITDA growing by 27.5% year-on-year, reflecting robust operational performance [6] Recommended Stocks - For AIDC data centers, recommended stocks include: Guanghuan New Network, Aofei Data, and others [7] - For AIDC liquid cooling and power supply, recommended stocks include: Yingweike and others [7] - For network endpoints, recommended stocks include: Zhongji Xuchuang, and others [7] - For computing endpoints, recommended stocks include: Oulutong, and others [7]

据介绍，6G产业联盟由紫金山实验室、中兴通讯等8家单位共同倡议启动建设，旨在协同攻坚核心技 术、共建产业生态，让南京的创新优势转化为发展胜势。根据行动计划，发展目标包括到2027年，发布 6G领域重大科研成果不少于6项、科技成果落地转化新增企业不少于100家、打造各行业垂直场景不少 于50个，实现6G无蜂窝网络全覆盖，打造全域"6G之城"和6G产业发展先行示范区。 （文章来源：人民日报） 本报南京1月8日电江苏南京近日召开科技创新和产业创新深度融合发展大会，发布《南京市打造"6G之 城"行动计划（2026—2027年）》，6G产业联盟建设同步启动。 ...

Group 1 - DJI's agricultural drones have significantly reduced pest issues in Malaysian oil palm plantations over the past five years, leading to increased yield and lower management costs [1] - Huawei aims to enhance Malaysia's 5G coverage to 98% by 2025 with its advanced Net5.5G technology, securing a major contract for the Sarawak suburban network upgrade [1] - ZTE's "ultra-compact base station" technology will enable indigenous communities in the deep rainforests of Malaysia to access video consultations by 2025 [1] Group 2 - The chairman of the Malaysia-China Guangdong-Hong Kong-Macau Greater Bay Area Science and Technology Innovation Alliance highlighted three advantages of China's scientific innovation: rapid industrialization, strong engineering and scalability, and close collaboration among research, industry, and capital [2] - Malaysia is expected to deepen cooperation with the Greater Bay Area in fields such as artificial intelligence, industrial internet, new energy materials, carbon technology, biotechnology, and smart manufacturing [2] - Plans for this year include establishing a Malaysia-China Innovation Center to strengthen talent exchange mechanisms in the technology sector and creating a Malaysia-China Innovation Fund focused on mutual investments in advanced manufacturing, green technology, and life sciences [2]

1月8日，上证指数全天窄幅震荡；深证成指、创业板指全天低位窄幅震荡；科创50指数早盘冲高回落， 午后持续回落，尾盘有所回升。截至收盘，上证指数报4082.98点，跌0.07%，成交额11832亿元；深证 成指报13959.48点，跌0.51%，成交额16171.96亿元；创业板指报3302.31点，跌0.82%，成交额7556.51 亿元；科创50指数报1455.17点，涨0.82%，成交额992亿元。沪深两市合计成交28003.96亿元，成交额 较上一交易日减少538.01亿元。 卫星互联网、商业航天等概念走强锋龙股份10连板 盘面上来看，行业板块、概念涨多跌少。其中，国防军工、传媒、建筑装饰、房地产、建筑材料、计算 机、教育、轻工制造等行业涨幅靠前；卫星互联网、商业航天、航母、氦气、空间站、核污染防治、人 脑工程、可控核聚变、短剧互动游戏等概念走势活跃。证券、保险、有色金属、银行、通信等行业跌幅 居前；券商、锂矿、刀片电池、氟化工、CPO、稀土永磁等概念走势较弱。涨停个股主要集中在机械设 备、国防军工、电力设备、化工、建筑装饰、医药生物等行业。 个股涨跌情况，截至收盘，沪深两市合计3533只个股上涨，15 ...