2 1 Shi Ji Jing Ji Bao Dao·2025-08-21 11:33Group 1 - ZTE Corporation's stock experienced a significant surge, with A-shares hitting the limit up within two minutes and H-shares rising over 13% before retracting slightly [1][3] - The surge in stock price is attributed to a research report from Zheshang Securities, which maintained a "buy" rating on ZTE and was marked as a "major recommendation" [3][5] - The report highlighted ZTE's advancements in AI computing and network business, suggesting that the company is undervalued with a projected P/E ratio of 22 times for 2025, compared to an industry average of 51 times [8][11] Group 2 - ZTE has secured over 50% of the total bids in a recent procurement project by China Mobile for AI general computing devices, amounting to approximately 8.85 billion yuan [11] - Foreign institutional investors, such as BlackRock, have increased their holdings in ZTE, indicating growing confidence in the company's prospects [11] - The technology sector has become a core focus in the A-share market, with the communication index rising over 15% in August, contributing to ZTE's cumulative stock increase of over 20% this week [11][12]