Core Viewpoint - ZTE Corporation's stock has declined over 4%, currently trading at HKD 26.74 with a transaction volume of HKD 244 million, amid concerns regarding its collaboration with ByteDance's AI model and compliance investigations in the U.S. [1] Group 1: Stock Performance - ZTE Corporation's stock price fell by 3.88% to HKD 26.74 [1] - The trading volume reached HKD 244 million [1] Group 2: Collaboration and Market Reaction - ZTE Corporation partnered with ByteDance to launch the "Doubao Phone" Nubia M153, which has faced backlash from major applications like WeChat, Taobao, and others, issuing security warnings and forcing exits [1] - Doubao Phone Assistant announced adjustments to some AI capabilities in response to the backlash [1] Group 3: Financial Actions and Legal Matters - ZTE Corporation plans to repurchase its own shares using funds between HKD 1 billion to HKD 1.2 billion [1] - The company is aware of media reports regarding compliance investigations related to the U.S. Foreign Corrupt Practices Act and is in communication with the U.S. Department of Justice [1]

Group 1 - The semiconductor stocks in the Hong Kong market experienced a widespread decline, with notable drops in several companies [1] - Tianyu Semiconductor fell by over 5%, while China Electric Huada Technology and ZTE Corporation both dropped by over 3% [1] - Other companies such as Huahong Semiconductor, Jingmen Semiconductor, ASMPT, and Hongguang Semiconductor also saw declines exceeding 2% [1] Group 2 - Tianyu Semiconductor's stock decreased by 5.18%, with a latest price of 43.920 and a total market value of 17.272 billion, reflecting a year-to-date decline of 24.28% [2] - China Electric Huada Technology's stock fell by 3.79%, with a latest price of 1.270 and a total market value of 2.578 billion, showing a year-to-date increase of 9.48% [2] - ZTE Corporation's stock decreased by 3.45%, with a latest price of 26.860 and a total market value of 128.486 billion, reflecting a year-to-date increase of 13.42% [2] - Huahong Semiconductor's stock fell by 2.60%, with a latest price of 65.550 and a total market value of 113.795 billion, showing a year-to-date increase of 202.77% [2] - Jingmen Semiconductor's stock decreased by 2.27%, with a latest price of 0.430 and a total market value of 1.074 billion, reflecting a year-to-date decline of 13.13% [2] - ASMPT's stock fell by 2.06%, with a latest price of 73.650 and a total market value of 30.77 billion, showing a year-to-date decline of 0.90% [2] - Hongguang Semiconductor's stock decreased by 2.02%, with a latest price of 0.485 and a total market value of 0.455 billion, reflecting a year-to-date decline of 27.61% [2]

Core Insights - The report emphasizes that open source is a factual standard and a significant driver of technological innovation in the industry [2] Group 1 - The importance of open source in driving technological advancements is highlighted by ZTE's Li Xiang during the 2026 China Academy of Information and Communications Technology deep observation report meeting [2]

Core Viewpoint - ZTE Corporation's wholly-owned subsidiary, ZTE Microelectronics, focuses on chip research and design, without involvement in chip manufacturing [1] Group 1 - ZTE Microelectronics leverages years of chip research experience and is positioned to capitalize on the advantages of communication networks [1] - The company is actively integrating into the ICT convergence development trend and gradually expanding into emerging fields such as computing power [1] - ZTE Microelectronics is continuously enhancing its technological breadth and market space [1]

格隆汇12月15日丨中兴通讯(000063.SZ)在互动平台表示，储能业务是公司的第二曲线业务之一，截至 目前，公司锂电已累计发货超125万节，深度覆盖通信储能、工商业储能、源网侧储能等全场景。在国 内市场，2025年上半年公司在铁塔智能锂电新增项目中标份额第一，连续中标河北铁塔、河南铁塔、江 苏铁塔等核心省份智能锂电项目；在海外市场，公司已在亚洲、非洲、欧洲、拉美等重点国家进行布局 并取得项目突破。 ...

Core Viewpoint - ZTE Corporation's wholly-owned subsidiary, ZTE Microelectronics, focuses on chip research and design, without involvement in chip manufacturing [1] Group 1: Company Focus - ZTE Microelectronics leverages years of chip research experience and is positioned to capitalize on the advantages of communication networks [1] - The company is actively integrating into the ICT convergence development trend, gradually expanding into emerging fields such as computing power [1] - ZTE Microelectronics is continuously enhancing its technological breadth and market space [1]

人民财讯12月15日电，中兴通讯（000063）12月15日在互动平台表示，储能业务是公司的第二曲线业务 之一，截至目前，公司锂电已累计发货超125万节，深度覆盖通信储能、工商业储能、源网侧储能等全 场景。在国内市场，2025年上半年公司在铁塔智能锂电新增项目中标份额第一，连续中标河北铁塔、河 南铁塔、江苏铁塔等核心省份智能锂电项目；在海外市场，公司已在亚洲、非洲、欧洲、拉美等重点国 家进行布局并取得项目突破。 ...

Group 1 - The defense and military industry saw a net inflow of 1.573 billion yuan, significantly surpassing other sectors [1] - Among the nine industries with net inflows, retail, food and beverage, real estate, and textile and apparel also reported net inflows of 763 million yuan, 592 million yuan, 164 million yuan, and 147 million yuan respectively [1] - The electronic industry experienced the highest net outflow, totaling 10.258 billion yuan, with non-ferrous metals and power equipment also exceeding 4 billion yuan in outflows [1] Group 2 - In the commercial aerospace sector, stocks such as Leike Defense, Sanwei Communication, and Tongyu Communication saw net inflows of 1.412 billion yuan, 708 million yuan, and 590 million yuan respectively [2] - The stock market for commercial aerospace experienced a collective surge, with Leike Defense specializing in radar systems, satellite applications, and intelligent control [2] - Hainan Free Trade Zone concept stock Haima Automobile had a net inflow of 531 million yuan, following the proposal to enhance the free trade port policy system [2] Group 3 - At the market close, the defense and military, along with the banking sectors, attracted over 1 billion yuan in net inflows [3] - Individual stocks such as Shenghong Technology, Aerospace Development, and Jingyun Tong had net inflows exceeding 1 billion yuan [3] - Notable net outflows were observed in stocks like Zhongji Xuchuang, with over 200 million yuan, and others such as ZTE, Changying Precision, and Yangguang Electric Power [3]

Group 1 - The AI mobile concept sector declined by 2.55%, ranking among the top declines in concept sectors, with companies like Jiangbolong, Furong Technology, and Baiwei Storage experiencing significant drops [1][2] - Among the AI mobile concept stocks, six companies saw price increases, with Tianyin Holdings, Jinghua New Materials, and Changxin Technology rising by 2.04%, 0.91%, and 0.51% respectively [1][2] - The AI mobile concept sector experienced a net outflow of 4.274 billion yuan, with 31 stocks seeing net outflows, and eight stocks having outflows exceeding 100 million yuan [2][3] Group 2 - The top net outflow stock was Changying Precision, with a net outflow of 1.421 billion yuan, followed by ZTE, Shenghong Technology, and Lingyi Technology with net outflows of 600.2 million yuan, 598.4 million yuan, and 373.9 million yuan respectively [2][3] - The stocks with the highest net inflows included Transsion Holdings, Plitec, and Changxin Technology, with net inflows of 26.23 million yuan, 22.70 million yuan, and 17.77 million yuan respectively [2][3] - The AI mobile concept sector's outflow list included stocks like Changying Precision (-4.96%), ZTE (-2.41%), and Shenghong Technology (-4.76%), indicating significant selling pressure [2][3]

格隆汇12月15日｜香港交易所信息显示，摩根大通在中兴通讯H股的持股比例于12月09日从9.13%降至 8.74%，卖出的平均股价为32.4110港元。 ...