地址：上海市浦东新区银城中路 501 号上海中心大厦 9、11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 关于上海移远通信技术股份有限公司 2025 年度 向特定对象发行 A 股股票发行过程和认购对象合规性之 法律意见书 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于上海移远通信技术股份有限公司 2025 年度 向特定对象发行 A 股股票发行过程和认购对象合规性 之法律意见书 致：上海移远通信技术股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受上海移远通信技术股份 有限公司（以下简称"发行人"或"公司"或"移远通信"）的委托，并根据发 行人与本所签订的《聘请律师合同》，作为发行人2025年度向特定对象发行A股 股票（以下简称"本次发行"）工作的特聘专项法律顾问。 本所根据《中华人民共和国证券法》（以下简称为"《证券法》"）、《中 华人民共和国公司法》（以下简称为"《公司法》"）、《上市公司证券发行注 册管理办法》（以下简称为"《注册管理办法》"）、《证券发行与承销管理办 法》《上海证券交易所上市公司证券发 ...

Group 1 - The company announced the issuance of 26,165,765 shares at a price of 85.21 yuan per share, raising a total of 2.229 billion yuan, with a net amount of 2.220 billion yuan [1] - The funds will be allocated to four projects, including the expansion of vehicle-mounted and 5G module production [1] - As of the signing date, the amounts stored in various special accounts were 925 million yuan, 397 million yuan, 514 million yuan, and 386 million yuan respectively [1] Group 2 - The company, its wholly-owned subsidiary Changzhou Esky, and the sponsor institution Guolian Minsheng Securities signed a fundraising supervision agreement with China Construction Bank Shanghai Minhang Branch and four other banks [1]

Group 1 - China Mobile officially released the "China Mobile 6G Transmission Technology White Paper" and the "China Mobile 6G Transmission System Prototype 1.0" at the 2025 China Information and Communication Conference, outlining its vision, architecture design, and key technology directions for 6G transmission networks [1] - The prototype successfully validated three core capabilities: intelligent connection driven by business perception, distributed dynamic channel control for high dynamic business scenarios, and multi-dimensional channel collaborative transmission to meet latency coordination requirements [1] - The release of the prototype marks a significant step from theoretical research to system validation, laying a crucial foundation for future technological iterations and industry collaboration [1] Group 2 - The three major telecom operators in China are accelerating 6G technology research, with China Telecom proposing a "6G Universal Intelligent Network" and leading the first 6G billing standard project, while China Unicom focuses on spectrum research and international standard formulation [2] - China has conducted 6G technology trials for four consecutive years, with over 300 key technology reserves formed, and the 6G market in China is expected to reach 1.3 trillion yuan by 2030, becoming the largest 6G market globally [2] - The 6G industry is entering a golden development period with national strategies and local policies working in synergy, as various regions release supportive policies for technology research, standard formulation, and application scenarios [2] Group 3 - Tianfeng Securities predicts that 6G will integrate air, space, and sea, along with AI technologies, creating an intelligent ubiquitous network, with significant growth in terminal connections and data traffic expected by 2040 [3] - There are 34 A-share 6G concept stocks, with an average increase of 8.15% since December, and notable gains from companies like Zhenlei Technology and Tongyu Communication [3] - Eight 6G concept stocks have R&D expenses exceeding 10% of their revenue in the first three quarters of this year, with Zhenlei Technology, Zhenyou Technology, and Haige Communication leading in R&D investment ratios [3] Group 4 - Zhenlei Technology reported a revenue of 302 million yuan in the first three quarters, a year-on-year increase of 65.76%, and a net profit of 101 million yuan, up 598.09%, driven by R&D innovation [4] - The company is a core chip supplier for 6G satellite internet and has established significant partnerships with leading research institutions and enterprises [4] - Since the second half of the year, 6G concept stocks have attracted significant institutional attention, with 12 stocks receiving over 10 institutional surveys, including Yiyuan Communication and Tongyu Communication [4]

Core Viewpoint - China Mobile officially released the "China Mobile 6G Transmission Technology White Paper" and the "China Mobile 6G Transmission System Prototype 1.0" at the 2025 China Information and Communication Conference, indicating a significant step towards 6G technology development [1] Group 1: Market Performance - There are 34 6G concept stocks in the A-share market, which have seen an average increase of 8.15% since December [1] - Notable performers include Zhenlei Technology, Tongyu Communication, and Zhenyou Technology, with cumulative increases of 61.18%, 34.61%, and 33.65% respectively [1] Group 2: R&D Investment - Eight 6G concept stocks have R&D expenses exceeding 10% of their operating income in the first three quarters of this year [1] - Leading companies in R&D investment include Zhenlei Technology, Zhenyou Technology, and Haige Communication, with R&D expense ratios of 32.12%, 23.81%, and 21.85% respectively [1] Group 3: Institutional Attention - Since the second half of the year, 6G concept stocks have attracted significant institutional attention, with 12 stocks receiving research from 10 or more institutions [1] - The companies with the highest number of institutional research engagements are Yiyuan Communication, Tongyu Communication, and Jingwang Electronics, with 267, 191, and 98 institutions respectively [1]

Core Insights - China Mobile has officially released the "China Mobile 6G Transmission Technology White Paper" and the "China Mobile 6G Transmission System Prototype 1.0," outlining its vision, architecture, and key technology directions for 6G networks [1][2] - The prototype marks a transition from theoretical research to system validation, laying a crucial foundation for future technological iterations and industry collaboration [2] - The Chinese government and local policies are increasingly supporting the development of the 6G industry, with a projected market size of 1.3 trillion yuan by 2030, making it the largest 6G market globally [2] Industry Developments - Major telecom operators in China, including China Telecom and China Unicom, are accelerating their 6G technology research, focusing on areas such as semantic communication and low-orbit satellite testing [2][3] - The 6G industry is entering a golden development period, supported by national strategies and local policies aimed at fostering future industries [2] Market Performance - A total of 34 A-share stocks are categorized as 6G concept stocks, with an average increase of 8.15% since December, highlighting investor interest [3] - Companies like Zhenlei Technology and Tongyu Communication have seen significant stock price increases, with Zhenlei Technology rising by 61.18% [3] Financial Metrics - Zhenlei Technology reported a revenue of 302 million yuan for the first three quarters of the year, a year-on-year increase of 65.76%, and a net profit of 101 million yuan, up 598.09% [3] - Eight 6G concept stocks have invested over 10% of their revenue in R&D, indicating a strong commitment to innovation [3] Institutional Attention - Since the second half of the year, 12 6G concept stocks have attracted significant institutional attention, with companies like Yiyuan Communication and Tongyu Communication receiving extensive research coverage [4] - Yiyuan Communication is actively involved in standardization and cutting-edge research, contributing to the development of 5G standards and focusing on key technologies for 6G [4]

Investment Rating - The industry investment rating is "Overweight" (maintained) [1] Core Insights - The upcoming Volcano Engine FORCE conference is expected to showcase significant advancements in AI models and ecosystem, with a focus on the release of new members of the Doubao model family, which aims to enhance performance and reduce costs [5][6] - The conference will also highlight upgrades to Agent development tools and the expansion of the Agent ecosystem, which are crucial for integrating AI into enterprise production scenarios [7] - The report emphasizes investment opportunities in the ByteDance ecosystem and AI applications, recommending various companies that are expected to benefit from these trends [8] Summary by Sections Industry Overview - The computer industry is projected to outperform the overall market [1] - The industry has shown a significant trend with a 24% fluctuation in the past months [2] Upcoming Events - The Volcano Engine FORCE conference is scheduled for December 18-19, 2025, featuring major announcements and advancements in AI technology [5] Model Developments - The new Doubao model members are anticipated to improve capabilities while lowering costs, particularly in video generation [6] Agent Ecosystem - Upgrades to Agent development tools are expected to enhance AI development processes, making them more efficient and comprehensive [7] Investment Recommendations - The report suggests focusing on companies like Hand Information, Zhongke Chuangda, and others that are positioned to benefit from AI applications and computing power [8]

Group 1 - The core viewpoint is that AI edge products are experiencing explosive growth, with significant innovations showcased at the TCL Global Technology Innovation Conference, indicating a shift from cloud computing to edge applications [1][2] - The AI edge market is projected to grow from 321.9 billion yuan to 1.22 trillion yuan from 2025 to 2029, with a compound annual growth rate of 40% [2] - Companies like Chipone Microelectronics and Shanghai Ebyte Communication are accelerating innovation in the AI edge sector, with Chipone reporting an order amount of 3.286 billion yuan as of Q3 2025, maintaining high levels for eight consecutive quarters [3] Group 2 - Despite the emergence of numerous AI edge products, there is a lack of breakthrough products that achieve large-scale user adoption due to challenges such as the balance between edge computing power supply and energy consumption, and the early-stage development of application ecosystems [4] - The industry faces issues with the stability of product experiences and the need for further optimization in general models regarding understanding, execution, and multi-modal consistency [4]

Group 1 - The AI edge product market is experiencing explosive growth, with various innovative products showcased at the TCL Global Technology Innovation Conference, including smart glasses, AI air conditioners, and AI washing machines [1] - Industry experts indicate that the innovation wave in AI edge products reflects a shift from cloud computing to edge applications, suggesting a vast market potential for AI edge products in the future [1] - The AI glasses, such as the Thunderbird X3 Pro, are seen as the next generation of human-computer interaction, featuring real-time question answering and image recognition capabilities [1] Group 2 - The global AI edge market is projected to grow significantly, with estimates indicating an increase from 321.9 billion yuan to 1.22 trillion yuan between 2025 and 2029, representing a compound annual growth rate of 40% [2] - Companies in China's AI edge industry are accelerating innovation and collaboration, seizing market opportunities across various sectors, including AI applications in smartphones, smart cars, and robotics [3] - Shanghai-based companies are developing advanced AI solutions, such as audio modules that enable devices to "understand" and "perceive," with applications in multiple fields including robotics and smart home technology [3] Group 3 - Despite the emergence of numerous AI edge products, there is a lack of breakthrough products that achieve large-scale user adoption, primarily due to challenges in balancing edge computing power and energy consumption [4] - The application ecosystem for AI edge products is still in its early stages, with many features remaining at the demonstration level and not translating into actual user demand [4] - Current AI models, while rapidly iterating, still require significant improvements in understanding, execution, and consistency across modalities, with vertical models needing enhanced professionalism and stability [4]

来源：美通社 中国深圳2025年12月9日 /美通社/ -- GSMA深圳创新论坛今日成功举办，汇聚了来自商业、技术及政策 制定领域的领袖，共同探讨中国数字生态系统的三大变革增长引擎：移动AI、快速崛起的低空经济以 及全球市场机遇。 GSMA大中华区负责人斯寒（Sihan Bo Chen）表示："中国在数字基础设施建设、5G部署及AI的实际应 用方面持续引领全球发展。GSMA智库对21个国家/地区数千家企业的调查显示，中国在数字化转型方 面得分位居前列，在创新与技术发展领域处于领先地位[i]。 借助我们全面的AI最佳实践报告所提供的 洞察，今日的活动为行业领袖和各国政府打造了一个宝贵的交流平台，帮助分享成功经验、共同应对挑 战，并构建推动行业前行的合作伙伴关系。" GSMA创新论坛是GSMA的标志性年终平台，旨在就行业最关键的议题展开对话。 论坛以往均在北京 举办，今年则首次在深圳举行。作为低空经济基础设施和供应链发展的先行者，并汇聚众多在全球扩张 的科技领军企业，深圳提供了独具活力的发展环境，尤其有利于推进AI领域的发展。 论坛期间，GSMA发布了年度报告，重点关注运营商在中国垂直行业中的用例。《运营商最佳 ...

转自：新华网 新华网海南博鳌12月5日电（朱家齐）12月4日，以"AI赋能·智领新质"为主题的2025数智科技创新发展 大会在海南博鳌召开。大会由新华网主办、信息社会50人论坛及人工智能场景化应用与智能系统测评工 业和信息化部重点实验室协办，是2025企业家博鳌论坛系列活动之一。 把握智能产业发展新趋势 本次活动吸引来自各领域的产业代表、行业专家，聚焦AI政策导向、技术迭代趋势、场景落地突破与 生态体系构建，深入研判人工智能技术演进，为AI赋能经济社会高质量发展凝聚共识。 新华网党委常委、副总裁张芮宁在致辞中表示，人工智能不仅是科技创新的前沿阵地，更是锻造产业链 韧性、构建新质生产力、推动高质量发展的关键支撑。新华网秉持"AI＋媒体＋产业"融合发展路径，持 续探索智能采编、传播形态与信息服务中的创新应用，并以AI智能体拓展信息服务边界，拓展主流媒 体融合发展和系统性变革新图景。 上海千机创新文旅科技集团有限公司董事长石哲元就低空经济的发展路径及"科技＋艺术＋传媒"融合模 式发表了见解。石哲元说，低空经济与实体经济的结合关键在于创新应用。千机科技通过表演引流、数 字交互和数据沉淀，实现了价值共生。 在会议圆桌讨 ...