本报讯 日前，中兴通讯股份有限公司（以下简称"中兴通讯"）旗下中兴通讯（南京）有限责任公 司通过国际独立第三方检测、检验和认证机构德国莱茵TüV大中华区（以下简称"TüV莱茵"）基于IATF 16949汽车质量管理体系认证审核，表明其拥有成熟的质量管理体系，满足汽车行业认证标准要求。中 兴通讯首席质量官晏文德及TüV莱茵大中华区管理体系认证副总裁郑萍等双方代表出席了颁证仪式。 IATF 16949是国际汽车工作组（IATF）于2016年发布的汽车行业质量管理体系标准，通过预防措施和持 续改进来降低质量风险，提升生产效率和产品质量，是整车厂和供应商必须严格遵照的强制要求。此次 认证，不仅是对中兴通讯在汽车领域质量管理能力的认可，更为其在智能汽车领域的布局与拓展提供了 有力支撑。 晏文德表示，中兴通讯和TüV莱茵有多年的良好合作关系。中兴通讯质量管理体系的不断完善，和TüV 莱茵专家团队的持续悉心指导是密不可分的。通过IATF 16949汽车质量管理体系认证，是中兴通讯在汽 车领域质量管理体系建设上的重要里程碑。中兴通讯在ICT领域有30多年的研发积累，在芯片、算法、 架构、操作系统领域有强大的底层创新能力。面对 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [7] Core Insights - Microsoft reported revenue of $76.442 billion for the latest quarter, a year-on-year increase of 18.1%, with net profit reaching $27.233 billion, up 23.58%, driven primarily by its intelligent cloud business [1][12] - Meta's Q2 revenue was $47.52 billion, a 22% year-on-year increase, exceeding market expectations, with ad revenue of $46.56 billion [2][15] - The overseas computing power industry remains robust, unaffected by DeepSeek and trade frictions, with a strong fundamental resonance in the related supply chain [3][28] Summary by Sections 1. Artificial Intelligence and Digital Economy - Key recommendations include optical modules and devices, with a focus on companies like Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and Yuanjie Technology [5][31] - For switch server PCBs, recommended companies include Hudian Co., ZTE, and Unisplendour [5][31] - Low valuation and high dividend opportunities are identified in major telecom operators like China Mobile, China Telecom, and China Unicom [5][31] - AIDC and cooling solutions are highlighted, with key recommendations for companies like Yingweike and Runze Technology [5][31] - AIGC applications and edge computing are emphasized, recommending companies such as Guohua Communication and Meige Intelligent [5][31] 2. Marine Wind and Submarine Cables - Key recommendations for submarine cable companies include Hengtong Optic-Electric, Zhongtian Technology, and Oriental Cable [6][32] - The recovery of overseas markets and concentration on leading companies is noted, with recommendations for Huace Navigation and Weisheng Information [6][32] 3. Satellite Internet and Low-altitude Economy - The acceleration of national defense informatization and low-orbit satellite development is highlighted, with key recommendations for Huace Navigation and Haige Communication [6][33] - The successful launch of low-orbit satellites for broadband communication services is noted, marking significant progress in China's satellite internet initiatives [26][27] 4. Recent Industry Trends - The report indicates that the computing power industry is expected to maintain high growth, with AI as a key investment theme for 2025 [3][28] - The government has included "deep-sea technology" in its work report, indicating a positive trend for the marine wind and cable industry [3][28] - The report emphasizes the importance of AI and digital economy as long-term trends, with a focus on ICT equipment, optical modules, and cloud computing infrastructure [30][29]

Core Insights - The National Internet Information Office released the "National Information Development Report (2024)", highlighting advancements in next-generation communication technologies, particularly the successful development and testing of 5G-Advanced (5G-A) and the initiation of 6G technology trials [1] - By the end of 2024, over 300 cities in China are expected to have 5G-A network coverage, marking a significant step towards large-scale commercial deployment [1] - 5G-A is being applied in various industrial scenarios, enhancing efficiency in manufacturing through low-latency and precise positioning technologies [1][2] Group 1: 5G-A Development and Applications - 5G-A represents a critical phase in the evolution from 5G to 6G, featuring revolutionary breakthroughs such as millisecond-level latency and multi-gigabit speeds, with only a few countries like China and the UAE achieving commercial deployment [2] - The application of 5G-A is expanding into low-altitude economies, intelligent driving, and satellite communications, providing reliable connectivity for various scenarios including smart aviation networks and unmanned aerial vehicle operations [2][5] - As of June 2023, over 30 provinces in China have launched main packages for 5G-A, with user numbers exceeding 10 million, indicating a growing market [5] Group 2: Industry Impact and Ecosystem - The development of 5G-A is fostering a cluster development trend within the industry, with major operators like China Telecom and China Unicom establishing around 70,000 shared 5G-A base stations, stimulating growth in the chip, module, and terminal supply chains [6] - The integration of 5G-A with AI technologies is driving multi-dimensional breakthroughs in both industrial and consumer services, enhancing the collaborative effects across the industry chain [6][7] - The expansion of 5G-A coverage is leading to differentiated demand across various scenarios, such as air-to-ground communication and drone operations, which require varying performance metrics like latency and bandwidth [8] Group 3: Market Projections and Challenges - The market for specific segments like millimeter-wave chips and integrated sensing modules is projected to exceed 80 billion yuan by 2027, indicating a significant growth opportunity [9] - Despite the promising developments, challenges remain in areas such as spectrum management, interference control, and the establishment of a sustainable commercial ecosystem [9]

Investment Strategy - The explosive demand for computing power is driving a significant increase in capital expenditures (capex), with infrastructure construction expected to enter a golden period. Major companies like Microsoft and Meta are reporting substantial profit and capex growth, indicating a high level of activity in the computing power industry. For instance, Microsoft's net profit for Q2 was $27.23 billion, a 24% year-on-year increase, while its capital expenditure rose by 27% to $24.2 billion. Meta's net profit grew by 36% to $18.34 billion, with projected capital expenditures for 2025 reaching between $66 billion and $72 billion [4][10][14]. - The token economy's business model is being validated, with domestic demand for computing power expected to accelerate. Alphabet reported processing over 980 trillion tokens monthly, with ChatGPT's weekly active users surpassing 700 million. The weekly token consumption for large models has seen a nearly fivefold increase from January to July 2025 [11][12]. - The "AI+" policy is catalyzing growth in industry applications. The Chinese government is actively promoting the commercialization of AI, with local policies supporting the expansion of AI applications. For example, Shanghai has issued measures including the distribution of 600 million yuan in computing power vouchers [12][15]. Industry News - Major overseas companies are experiencing significant growth in performance and capital expenditure. Microsoft's Q2 revenue reached $76.44 billion, an 18% year-on-year increase, while Meta's revenue was $47.52 billion, up 22%. Both companies attribute their growth to the deep application of AI technology [14]. - The State Council of China has approved the "AI+" action plan, emphasizing the need for large-scale commercialization of AI applications. This policy aims to leverage China's complete industrial system and large market scale to promote AI integration across various sectors [15]. - The rapid launch of satellites indicates an acceleration in satellite internet construction in China. Recent successful launches of low-orbit satellites demonstrate the country's commitment to enhancing broadband communication services [16][17]. - Eight major banks have jointly released financial service products for the "AI+ manufacturing" sector, with a commitment to provide at least 400 billion yuan in credit by the end of 2027. This initiative aims to support the intelligent transformation of manufacturing enterprises [18]. Weekly Review and Focus - The communication sector saw a 4.12% increase this week, outperforming major indices like the Shanghai Composite Index, which fell by 0.57%. Notable gains were observed in optical modules and optical communication sectors, with increases of 9.86% and 5.29%, respectively [19][21]. - The focus for the upcoming week includes investment opportunities in the AIDC chain and related sectors, with companies such as ZTE Corporation and Inspur Information being highlighted for potential growth [23].

上市企业：京信通信[02342]、中兴通讯[000063]、亨鑫科技[HK1085]、爱立信[ERIC] 相关企业：华为、中信科移动（大唐电信）、京信通信、诺基亚、康普、生益科技、华正新材、唯捷创 芯、飞荣达、卓胜微、中电科41所、中国移动、中国电、中国联通 关键词：5G天线产业链、5G天线发展历程、5G天线市场规模、5G天线市场竞争格局、5G天线行业发 展趋势 内容概要：在当今数字化时代，无线通信技术的飞速发展让5G天线成为了推动全球信息互联互通的关 键力量。从5G网络的大规模部署到物联网的蓬勃兴起，5G天线作为信号收发的核心部件，其重要性愈 发凸显。在5G技术的推动下，智能手机通信天线不再仅仅局限于传统的频段，而是需要支持包括Sub- 6GHz低频和毫米波高频(30GHz以上)在内的多个频段。2024年全球手机通信天线规模19.8亿美元，多频 段高性能抗干扰5G智能手机通信天线规模32.33亿元；预计2025年全球手机通信天线规模约21亿美元， 多频段高性能抗干扰5G智能手机通信天线规模约38亿元。中国移动通信在过去的十几年里，已经逐渐 从2G、3G向着现代全球范围广泛使用的4G发展和完善，现如今，通过相 ...

天眼查资料显示，中兴通讯股份有限公司，成立于1997年，位于深圳市，是一家以从事计算机、通信和 其他电子设备制造业为主的企业。企业注册资本478353.4887万人民币。通过天眼查大数据分析，中兴 通讯股份有限公司共对外投资了105家企业，参与招投标项目5000次，财产线索方面有商标信息1876 条，专利信息5000条，此外企业还拥有行政许可204个。 金融界2025年8月2日消息，国家知识产权局信息显示，中兴通讯股份有限公司取得一项名为"差分馈电 网络和天线"的专利，授权公告号CN119905817B，申请日期为2025年03月。 ...

Group 1 - The "AI·Mirror" Nanjing Artificial Intelligence Ecological Street officially launched on August 1, marking a significant step in the city's "Artificial Intelligence+" industry development [2] - Nanjing has introduced several policies to promote AI innovation, including the "Nanjing City Further Promote Artificial Intelligence Innovation Development Action Plan (2024-2026)" and "Several Policy Measures to Promote Artificial Intelligence Innovation Development" [2][3] - The new ecological street is strategically located near the China (Nanjing) Software Valley, which is a key area for software and AI enterprises, housing 328 AI-related companies and 50,000 AI professionals [3] Group 2 - The ecological street covers an area of 1.9 square kilometers and is designed with a layout of "one ring, two axes, three cores, and four districts," focusing on smart production, intelligent living, commercial support, and low-carbon ecology [3] - The goal is to create an integrated AI ecosystem that combines research and development, industry incubation, and application demonstration, aiming to be a leading area for AI and software industry integration [3][4] - By 2030, the street aims to gather 1,000 AI upstream and downstream enterprises, 100,000 AI talents, and launch 500 representative vertical intelligent products, with core industry output exceeding 100 billion and related industry output surpassing 300 billion [4] Group 3 - The AMD ROCm laboratory, a global innovation hub, will be established in the street, focusing on expanding the ROCm open-source ecosystem and creating comprehensive scene optimization solutions [4] - Twelve companies have signed agreements to settle in the AI-related industry projects, including Jiangsu Zhongxie Intelligent Technology Co., which plans to invest 100 million yuan in an "AI + Acoustics" integrated model project [5] - Shanghai Kuangfan Technology Co., a high-performance computing and industry empowerment service provider, will also invest 100 million yuan to establish its regional headquarters in Nanjing, promoting localized AI computing products in education, research, and healthcare [5]

金融界2025年8月1日消息，汇添富沪深300安中指数A(000368) 最新净值1.9429元，下跌0.78%。该基金 近1个月收益率4.19%，同类排名724|1620；近3个月收益率8.95%，同类排名883|1541；今年来收益率 3.61%，同类排名1108|1423。 汇添富沪深300安中指数A股票持仓前十占比合计22.91%，分别为：中国神华（3.43%）、长江电力 （3.09%）、贵州茅台（2.90%）、中国石油（2.39%）、中国石化（2.16%）、陕西煤业（2.12%）、中 国电信（1.98%）、中国移动（1.68%）、中兴通讯（1.63%）、新易盛（1.53%）。 公开资料显示，汇添富沪深300安中指数A基金成立于2013年11月6日，截至2025年6月30日，汇添富沪 深300安中指数A规模13.75亿元，基金经理为吴振翔。 简历显示：吴振翔先生:中国国籍,中国科学技术大学管理学博士,中国科学院数学与系统科学院应用数学 专业博士后。曾任长盛基金管理有限公司金融工程研究员、上投摩根基金管理有限公司产品开发高级经 理。2008年3月加入汇添富基金管理股份有限公司,历任产品开发高级经理、数量 ...

Core Viewpoint - The article emphasizes the significance of the China International Industry Fair as a platform for showcasing advancements in manufacturing and technology, particularly focusing on the integration of computing power and industrial applications [1][20][21]. Group 1: Event Overview - The "Industrial Computing Power 'Chip' Engine Technology Seminar" will be held on September 23, focusing on the potential applications of chips in industrial scenarios and the evolution of computing power [1][5]. - The seminar aims to connect technological innovation, industry demand, and market opportunities, featuring participation from industry experts, scholars, and corporate representatives [5][9]. Group 2: Industry Context - The global landscape is undergoing a technological revolution, with computing power becoming a core productivity driver in the digital age, transforming production methods and industry structures [5][23]. - The industrial sector is experiencing unprecedented digitalization, networking, and intelligence transformation, which imposes high standards on foundational computing power [5][9]. Group 3: Seminar Agenda - The seminar will cover various topics, including: - Storage root technology for data storage in Chinese manufacturing [6]. - Industrial big data from governance to value realization [7]. - Predictive maintenance 2.0 focusing on fault warning and lifespan calculations [7]. - The role of FPGA chips in the "Robot+" era [7]. - Accelerating IIOT solution implementation [7]. - A roundtable forum for discussion [7]. Group 4: Participant Composition - The seminar will feature prominent companies such as Huawei, ZTE, and BYD, alongside international industrial giants like Siemens and Bosch, highlighting the event's professional and international caliber [9][10]. - The diverse participation from various industry organizations and enterprises underscores the strategic importance of industrial computing power across different sectors [10].

Core Viewpoint - The global industry consensus is that large-scale array technology will be the core direction of 6G network architecture, with ZTE leading the evolution path through its comprehensive technological layout [1][10]. Group 1: Technological Innovation - ZTE has successfully built a theoretical system for large-scale array mobile communication, achieving a generational leap from traditional "spectrum rolling" to "space expansion" [2]. - The company introduced the Pre5G concept based on Massive MIMO at the 2014 5G World Summit, which garnered significant attention in the industry [2]. - ZTE's Pre5G Massive MIMO base station won the "Best Mobile Technology Breakthrough Award" and "CTO Choice Award" at the 2016 Global Mobile Awards, marking it as the first Chinese company to receive such honors [2]. Group 2: Market Recognition - ZTE's large-scale array base station shipments have ranked among the top globally for three consecutive years, with a market share of 30% in the Asia-Pacific region [3]. - The introduction of the world's first 64-channel large-scale array base station during the Pre5G phase significantly enhanced peak capacity by over 10 times [5]. - ZTE's self-developed vector acceleration chip improved parallel processing capability by 32 times, leading to significantly better energy efficiency compared to 4G [5]. Group 3: Energy Efficiency - ZTE's 5G network based on 64-channel arrays has reduced energy consumption per bit by nearly 90% compared to 4G [6]. - Approximately 30% of ZTE's nearly 7000 essential 5G standard patents focus on green energy-saving technologies [6]. Group 4: Industry Value - ZTE has fostered collaborative innovation with over a thousand upstream and downstream enterprises, training more than ten thousand professionals [7]. - The technological advancements have provided reliable communication support for major national events, such as the Beijing Winter Olympics, and have driven the overall upgrade of China's communication industry [7]. Group 5: Future Outlook - ZTE is actively promoting research for 6G, proposing the industry's first large-scale array prototype with over 2000 oscillators in the 6425-7125 MHz frequency band [8]. - The company is extending its large-scale array technology advantages to the emerging low-altitude economy, launching a user-centric 5G-A distributed ultra-large array (D3-ELAA) solution [8]. - The D3-ELAA solution effectively addresses issues such as severe interference and frequent switching in low-altitude communication, creating a high-reliability communication foundation for the low-altitude economy [8]. Group 6: Strategic Importance - Mobile communication is not only a technological high ground but also a strategic support for national digital economic development [10]. - ZTE's innovations in large-scale array technology contribute to building a solid foundation for a strong communication nation and inject Chinese wisdom into the future evolution of global communication [10].