2024年，中兴通讯5G基站与核心网连续第五年全球发货量位居第二、国产智算服务器实现规模发货； 太辰光多个光密集连接产品实现技术突破；广和通让机器视觉、语音交互等能力在模组级产品中实 现"轻量化落地" ◎记者时娜徐潇潇 5G标准必要专利声明量全球领先，空芯光纤、高速光电模块器件研制取得新进展，万兆光网启动试 点，低空智联网、星间及星地通信等加快建设应用，自研AI大模型多项能力实现升级……2024年以 来，我国通信行业关键领域创新持续取得突破，深市通信企业成为其中的重要贡献者。 从通信元器件到智算新基建，聚焦"连接+算力+AI"，深市通信企业全面助力全球构建万物互联的智能 世界。2024年，中兴通讯5G基站与核心网连续第五年全球发货量位居第二、国产智算服务器实现规模 发货；太辰光多个光密集连接产品实现技术突破；广和通让机器视觉、语音交互等能力在模组级产品中 实现"轻量化落地"。 夯实数字经济通信"底座" 资本市场助力通信龙头抢抓机遇 深交所通过多元化的资本市场工具和创新服务生态，为中兴通讯、广和通、太辰光等通信龙头企业筑路 数字经济、赋能各行各业智能化升级、竞逐AI与算力新赛道提供了强大助力。 2020年，中兴 ...

Core Insights - The core viewpoint of the article highlights ZTE Corporation's significant investment in research and development (R&D) over the past 20 years, showcasing its commitment to innovation and intellectual property management [2][3] Group 1: R&D Investment and Strategy - ZTE has increased its R&D investment by over 10 times in the past 20 years, with R&D expenses projected to account for approximately 20% of revenue in 2024 [2] - By the end of 2024, ZTE will have applied for a total of 93,000 global patents, with 48.5% of its employees dedicated to R&D [2] - The company has established 11 R&D bases across the country, with over 40% of its employees holding a master's degree or higher [2] Group 2: Intellectual Property Achievements - ZTE has achieved patent coverage in 55 countries and regions globally, with 48,000 authorized patents and over 90% being invention patents [3] - The company has applied for approximately 5,500 chip-related patents and over 5,000 AI patents, with nearly 50% of the AI patents already authorized [3] - ZTE ranks among the top five global patent holders in terms of effective global patent families, having disclosed nearly 7,000 families of essential 5G standard patents [3] Group 3: Recognition and Awards - ZTE has received numerous accolades for its patent achievements, including 11 gold awards, 3 silver awards, and 39 excellence awards in the China Patent Awards, as well as 30 National Science and Technology Progress Awards [3] - The recognition reflects ZTE's systematic advantages in technology R&D, patent layout, and industrial application [3]

Group 1 - The "Quality Strong City" strategy is essential for helping companies create competitive advantages, with Shenzhen leading in standards, quality, brand, and service since 2010 [2] - The theme of the conference is "Quality Strong City Roots and Value Innovation Promotes Development," aimed at assisting companies in facing complex challenges and enhancing competitiveness through high-quality value innovation [1] - The conference included the awarding of the "Quality Strong City Gold Medal" to eight entrepreneurs and the designation of 13 companies, including ZTE, as "Leading Enterprises in Quality Strong City Construction" [1] Group 2 - Shenzhen's Quality Strong City Promotion Association will focus on building standards, quality, and brand, as well as training chief quality officers and developing information management systems, ESG governance, and integrated domestic and foreign trade [2] - The president of the Shenzhen Quality Strong City Promotion Association emphasized the importance of aligning with trends in artificial intelligence, green production, and ecological collaborative development to create new advantages [1]

Core Viewpoint - The low-altitude economy in Shenzhen is projected to exceed 90 billion yuan in annual output by 2024, with significant advancements in drone logistics and urban air mobility, positioning Shenzhen as a global benchmark city in this sector [1][4][21]. Group 1: Industry Advantages and Conditions - The low-altitude economy encompasses various aerial activities below 1,000 meters, leveraging newly opened airspace resources to create economic value across multiple sectors [2][4]. - Shenzhen's unique advantages stem from its status as a technological innovation hub, providing a solid foundation for the development of the low-altitude economy [2][4]. Group 2: Current Development Status - By 2024, Shenzhen is expected to achieve an annual output value of over 90 billion yuan, with 776,000 drone cargo flights, 250 drone routes, and 28,000 helicopter flights, leading the nation in low-altitude economic activities [4][6]. - The low-altitude economy in Shenzhen is characterized by a differentiated and collaborative development pattern across various districts, with significant contributions from regions like Nanshan, Baoan, and Longgang [6]. Group 3: Industry Chain - The low-altitude economy industry chain includes drone and aircraft manufacturing, flight infrastructure construction, flight support services, and low-altitude application scenarios [10]. - Key components of the industry chain involve the design and manufacturing of flight control systems, remote systems, and various payloads, with applications spanning emergency rescue, logistics, urban services, and more [10]. Group 4: Competitive Landscape - Shenzhen aims to become the "Drone Capital of the World," with over 5,000 registered companies in the low-altitude economy, including major players like DJI, Daotong Intelligent, and others [17][19]. - The city is focusing on developing consumer-grade drones and enhancing low-altitude infrastructure, establishing research and development centers, and providing comprehensive solutions [17]. Group 5: Development Trends - The low-altitude economy is expected to become a new growth engine for cities, driven by advancements in drone technology and the gradual opening of low-altitude airspace [20][21]. - By 2030, Shenzhen's urban air mobility network is anticipated to be established, integrating low-altitude economy with smart city initiatives, potentially leading to new business models like "air taxis" [21].

Industry Overview - The Chinese optical communication system industry is experiencing market scale expansion, accelerated technological iteration, diversified competitive landscape, and strengthened policy support, showing steady overall development [1][13] - The market size of the optical communication system industry in China is projected to reach 215.4 billion yuan in 2024, with a year-on-year growth of 1.07% [1][13] - Technological advancements are moving towards ultra-high speed, large capacity, and low latency, with 400G optical networks already in commercial use and 800G/1.6T optical modules gradually being deployed [1][13] Technological Developments - Innovations such as silicon photonics and co-packaged optics (CPO) are driving power consumption reductions of over 50% [1][13] - The integration of quantum communication with optical communication provides new pathways for secure information transmission, while integrated optical technologies enhance device intelligence [1][13] Policy and Market Drivers - National policies such as "Broadband China" and "Three Networks Integration" are significantly promoting industry growth [1][13] - Emerging applications in computing networks and smart cities are expanding the boundaries of application, with AI model training driving the demand for upgraded computing infrastructure, further boosting the optical communication system market [1][13] Industry Development History - The optical communication system industry in China has undergone four main stages: early exploration (1970s), technological breakthroughs (1980s), rapid development and industrialization (1990s), and technological upgrades and globalization (2000s to present) [6][7] Industry Chain - The upstream of the optical communication system industry includes core components and basic materials, while the midstream involves R&D and production, and the downstream applications span telecommunications, data communications, consumer electronics, and more [9] Key Companies - Major players in the optical communication system industry include Huawei, ZTE, and FiberHome, which dominate the core markets of optical transmission and access equipment [15] - Companies like Zhongji Xuchuang and Xinyi Technology are gaining traction in the optical module and device segments through technological innovation and differentiated products [15] Market Trends - Technological innovation is the core driving force for the development of the optical communication system industry, with a focus on high speed, high integration, and low power consumption [21] - New application scenarios are expanding, including IoT and smart city initiatives, which will further increase the demand for optical communication devices [22][23] - International competition is intensifying, with Chinese optical communication companies needing to enhance their competitiveness in the global market [24]

Investment Rating - The report maintains a "Buy" rating for the company [3] Core Insights - The company's revenue has returned to a growth trajectory, achieving an operating income of 32.97 billion yuan in Q1 2025, a year-on-year increase of 7.8%. However, the net profit attributable to the parent company decreased by 10.5% to 2.45 billion yuan, and the non-recurring net profit fell by 26.14% to 1.96 billion yuan [1] - The strategic upgrade focusing on connectivity and computing power is showing initial results, with over 35% of revenue coming from the second curve business, and the government and enterprise business revenue doubling year-on-year, accounting for over 20% [1][2] - The company has solidified its market position in the connectivity sector through continuous technological innovation, maintaining a leading position in both wireless and wired products while increasing its market share among overseas operators [1] Revenue and Profit Forecast - The company is expected to see continued growth in AI computing power business, with projected net profits for 2025, 2026, and 2027 being 8.895 billion yuan, 10.117 billion yuan, and 12.858 billion yuan respectively [3] - Revenue forecasts for 2025, 2026, and 2027 are 129.833 billion yuan, 144.313 billion yuan, and 161.029 billion yuan, reflecting growth rates of 7.0%, 11.2%, and 11.6% respectively [5]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 ZTE CORPORATION 中興通訊股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00763） 中兴通讯股份有限公司 董事会议事规则 （2025 年 4 月） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中興通訊股份有限公司（「本公司」）在深圳證券交易所網站發布的以下公 告全文，僅供參閱。 承董 事會 命 方榕 董事長 深圳，中國 二零二五年四月二十四日 於本公告日期，本公司董事會包括執行董事：徐子陽；非執行董事：方榕、閆俊武、諸為民、 張洪；以及獨立非執行董事：莊堅勝、王清剛、徐奇鵬。 （经 2025 年 4 月 24 日召开的二〇二五年第一次临时股东大会审议通过） 第一章 总则 第一条 按照建立现代企业制度的要求，为明确中兴通讯股份有限公司董事 会的职责权限，规范董事会内部机构及运作程序，充分发挥董事会的作用，根据 《中华人 ...

中兴通讯股份有限公司 股东会议事规则 （2025 年 4 月） （经 2025 年 4 月 24 日召开的二〇二五年第一次临时股东大会审议通过） 第一章 总 则 第一条 为维护公司、股东及债权人的合法权益，规范公司股东会的组织和 行为，根据《中华人民共和国公司法》等法律、法规、规范性文件及《中兴通讯 股份有限公司章程》（以下简称"公司章程"）制订本议事规则（以下简称"本规 则"）。 第二章 股东会的性质和职权 第二条 股东会是公司的权力机构，依法行使下列职权： （九） 对公司聘用、解聘承办公司审计业务的会计师事务所作出决议； （十） 审议公司在一年内购买、出售重大资产超过公司最近一期经审计总 资产百分之三十的事项； （十一）审议批准变更募集资金用途事项； （一） 选举和更换非职工董事、决定有关董事的报酬事项； （二） 审议批准董事会的报告； （三） 审议批准公司的利润分配方案和弥补亏损方案； （四） 根据公司章程的相关规定审议担保事项； （五） 对公司增加或者减少注册资本作出决议； （六） 对发行公司债券作出决议； （七） 对公司合并、分立、变更公司形式、解散和清算等事项作出决议； （八） 修改公司章程； （ ...

证券代码（A/H）：000063/00763 证券简称（A/H）：中兴通讯 公告编号：202542 中兴通讯股份有限公司 二〇二五年第一次临时股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈 述或重大遗漏。 中兴通讯股份有限公司（以下简称"公司"或"本公司"）已于 2025 年 4 月 24 日 以现场投票及网络投票相结合的方式召开公司二〇二五年第一次临时股东大会（以下 简称"本次会议"或"本次股东大会"）。有关本次会议的决议及表决情况如下： 一、重要提示 1、本次会议未出现否决提案的情况； 2、本次会议不涉及变更以往股东大会已通过的决议。 二、会议召开情况 （一）召开时间 1、现场会议开始时间为：2025年4月24日（星期四）下午3:30。 2、A股股东网络投票时间为：2025年4月24日的如下时间： 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年4月24日 9:15—9:25，9:30—11:30和13:00－15:00；通过互联网投票系统（http://wltp.cninfo.com.cn） 投票的具体时间为：2025年4月24日上 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 ZTE CORPORATION 中興通訊股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00763） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中興通訊股份有限公司（「本公司」）在深圳證券交易所網站發布的以下公 告全文，僅供參閱。 承董 事會 命 方榕 董事長 深圳，中國 二零二五年四月二十四日 於本公告日期，本公司董事會包括執行董事：徐子陽；非執行董事：方榕、閆俊武、諸為民、 張洪；以及獨立非執行董事：莊堅勝、王清剛、徐奇鵬。 北京市君合（深圳）律师事务所 关于中兴通讯股份有限公司 二〇二五年第一次临时股东大会的法律意见书 致：中兴通讯股份有限公司 北京市君合（深圳）律师事务所（以下简称"本所"）受中兴通讯股份有限公司 （以下简称"贵公司"或"公司"）的委托，就贵公司二〇二五年第一次临时股东大 会（以下简称"本次股东大会"）召开的 ...