Group 1 - China Unicom is leveraging its strengths in computing power and network capabilities to create an integrated solution that combines cloud, network, endpoint, and security services [1] - The company has launched a family robot named "Zhi Jia Tong Tong," which represents its innovation in integrating computing power networks, artificial intelligence, and the real economy [1] - The deployment of over 300 intelligent computing cloud pools allows for resource allocation closer to users, enhancing service responsiveness [1] Group 2 - The company aims to enhance complex task processing capabilities and provide intelligent emotional support through the "Zhi Jia Tong Tong" product, utilizing the Yuanjing large model [2] - Huawei emphasizes the collaboration of endpoint, network, cloud, and user experiences to redefine the smart home concept, supporting the development of "Zhi Jia Tong Tong" [2] - The integration of hardware and intelligent interaction innovations is a key focus, ensuring an optimal user experience through dual 10G capabilities [2]

Core Viewpoint - The launch of Jiangsu Telecom's Smart Central Screen 3.0 marks a significant step in the AI revolution for homes, transitioning from a single communication tool to a comprehensive AI hub, reflecting the company's long-term strategy in the AI era [1] Group 1: AI Smart Agent - The AI smart agent is described as a "digital assistant" capable of understanding its environment through various inputs and completing tasks flexibly, ranging from simple to complex [1] - Jiangsu Telecom's AI smart agent is positioned as a daily "intelligent partner" in family settings, utilizing self-developed AI technology [1] Group 2: Smart Home Interaction - The "1+1+N" AI smart agent matrix redefines smart home interaction, featuring one AI voice agent and one AI chat agent that enhances user communication and interaction with AI [1][2] - The smart screen has evolved from a "small TV" to an "intelligent partner," providing new capabilities through cloud collaboration and supporting a large user base with significant data processing needs [2] Group 3: Targeted User Groups - The Smart Central Screen 3.0 is designed to cater to the elderly and children, offering services like health consultations and educational support [2] - It aids rural digitalization by providing access to government information, agricultural guidance, and remote medical services [2] Group 4: Market Penetration and Ecosystem - The Smart Central Screen has been implemented in nearly 400,000 households in Jiangsu, addressing the fragmentation in smart home technology through an open ecosystem [3] - Jiangsu Telecom is transitioning from a "pipeline operator" to an "ecosystem operator," leveraging the Smart Central Screen to enhance collaboration across cloud, network, and terminal [3]

Core Viewpoint - China Mobile launched the "Mobile Love Family Plan" during the "515 Mobile Love Family Day" event, focusing on creating a family-oriented service ecosystem through innovative modules and a new operational system [1][5]. Group 1: Family Plan Features - The "Mobile Love Family Plan" centers around the "Love Family Circle" strategy, which includes one-stop consumption management, all-scenario shared services, and multi-dimensional benefits [1]. - A unified entry point allows users to manage their main card, sub-cards, and family members' accounts easily, ensuring constant connectivity [3]. - Five categories of sharing—devices, voice data, services, benefits, and applications—enable families to share resources, moving from individual usage to collective family benefits [3]. Group 2: Emotional Engagement and Rewards - The plan includes three types of rewards to enhance emotional connections: welcome gifts, experience gifts, and sharing gifts, fostering warmth and surprise in family interactions [3]. - The "1+5+3" system shifts the focus from merely delivering functions to providing convenient communication management, rich sharing experiences, and sincere user rewards [5]. Group 3: Future Vision and Goals - China Mobile aims to evolve from serving individuals to encompassing entire families, creating a service system characterized by "one line, one network, one family" [5]. - The company plans to continue enhancing the value of the "515 Mobile Love Family Day" initiative, targeting a more inclusive and warm smart family experience through technological empowerment [5].

Core Viewpoint - The launch of the "Mobile Love Home Plan" by China Mobile coincides with the 32nd International Family Day, emphasizing the brand's commitment to creating a smart and loving family environment through technology and community engagement [1][3]. Group 1: Brand and Ambassador - China Mobile's "Mobile Love Home" brand aims to become the preferred choice for family customers, with Olympic champion Guo Jingjing serving as the brand ambassador since 2024, embodying the values of family and care [1][3]. - Guo Jingjing's involvement highlights the alignment between her values of family and the brand's vision of a tech-enabled loving home, reinforcing the message of using technology to enhance family life [3]. Group 2: Mobile Love Home Plan Features - The "Mobile Love Home Plan" introduces a comprehensive service matrix centered around the "Love Family Circle," utilizing AI technology to connect family needs and provide integrated services for consumption management, family sharing, and emotional interaction [3][6]. - The plan includes a one-stop management feature through the China Mobile app, allowing primary account holders to manage family communication expenses efficiently, addressing the complexities of multiple accounts [5]. Group 3: Shared Services and Benefits - The plan offers shared services such as resource sharing for data and voice, family cloud albums, and smart home device integration, breaking down digital barriers among family members [6]. - China Mobile has introduced promotional packages including "Welcome Gifts," "Love Home Gifts," and "Gathering Gifts," enhancing family interaction and providing exclusive benefits for group activities [8].

Core Viewpoint - China Mobile is enhancing its "Mobile Love Home" initiative by integrating AI technology into family services, aiming to create a more intelligent and warm home environment [1][5]. Group 1: Event Overview - On May 15, China Mobile held a press conference in Beijing for the "Three Major Return Plans and 515 Mobile Love Home Day," emphasizing the theme "Mobile Love Home, Powered by AI" [1]. - Olympic champion Guo Jingjing attended the event as the ambassador for Mobile Love Home, participating in the launch of the initiative [1]. Group 2: Guo Jingjing's Speech - Guo Jingjing delivered a speech titled "Walking into Love Home," expressing that Mobile Love Home aims to integrate AI into daily life as seamlessly as water and electricity, enhancing the warmth of family life [3]. - During an interactive experience, Guo Jingjing showcased the "Future Home" model, highlighting features like 4K ultra-high-definition cinema and high-speed internet, emphasizing the intelligent and secure aspects of smart living [3]. Group 3: Mobile Love Home Upgrade - The Mobile Love Home initiative will introduce more AI-driven products, professional delivery, and attentive services, focusing on creating a family-oriented product ecosystem [5]. - The program will support customers in managing family communication and sharing resources, offering three types of rewards: "Welcome Gift, Love Home Gift, and Gathering Gift" [5]. - China Mobile aims to evolve from serving individuals to catering to entire families, reinforcing the brand's commitment to making homes smarter and more connected through technology [5].

Business Expansion and Strategy - The company aims to establish itself as a leading internet audiovisual platform in Guangdong and expand nationwide, focusing on smart home and smart city integrations [3][4]. - Plans to enhance the "Xiyue TV" brand through innovative marketing strategies and partnerships, including events like the "Yue Enjoy K Song" competition [4][5]. - The company is committed to a "2426" strategy to drive innovation and multi-dimensional development [4]. Content and User Engagement - The IPTV user base reached 20.57 million by the end of 2024, reflecting a year-on-year growth of 5.43% [8]. - The company is enhancing its content library by collaborating with major content providers and focusing on diverse content offerings to meet user demands [13][14]. - A focus on personalized user experiences through big data analytics to improve content recommendations and increase user engagement [27][28]. Financial Performance and Challenges - In 2024, the company reported a revenue increase of 3.63%, but net profit decreased by 7.04%, primarily due to reduced interest income and changes in tax policies [24]. - The content copyright business saw a revenue decline of 5.67% in 2024, prompting a shift towards diversified content investment strategies [18][19]. Technological Innovation - The company is investing in AI and big data technologies to enhance operational efficiency and user experience, with a focus on intelligent content recommendation systems [26][27]. - A comprehensive upgrade of the all-media integration cloud platform is underway to support various business operations, including IPTV and content rights management [25][26]. Market Competition and Positioning - The IPTV market is highly competitive, with the company focusing on brand building and market promotion to maintain and grow its user base [8][10]. - The company is exploring new business models and partnerships to enhance its market presence and adapt to emerging media trends [15][21].

Group 1 - The company plans to distribute cash dividends of RMB 9.65 per 10 shares, amounting to a total of RMB 8,996,688,692.76, which corresponds to 48.01% of the net profit attributable to shareholders [2][38][39] - The company achieved a net profit of RMB 18,741,120,122.93 for the year 2024, with a parent company net profit of RMB 10,171,484,335.04 [38][39] - The company will not conduct capital reserve transfers to increase share capital or issue bonus shares this year [39] Group 2 - The domestic home appliance market in China saw a retail sales growth of 6.4% year-on-year, reaching RMB 907.1 billion in 2024 [3][12] - The air conditioning sector experienced a retail volume decline of 1.8% to 59.78 million units, with a retail scale of RMB 207.1 billion, down 2.2% [3] - The refrigerator industry achieved a retail volume of 40.19 million units, growing by 4.9%, and a retail value of RMB 143.4 billion, up 7.6% [4] Group 3 - The washing machine sector recorded a retail volume of 42.97 million units, increasing by 7.3%, with a retail value of RMB 101.4 billion, up 7.6% [7] - The kitchen appliance market, including range hoods and gas stoves, saw retail sales of RMB 36.2 billion and RMB 20.4 billion respectively, with growth rates of 14.9% and 15.7% [8] - The water heater market reached a retail value of RMB 53.2 billion, growing by 5.3%, with electric water heaters accounting for RMB 23.6 billion and gas water heaters for RMB 29.6 billion [10] Group 4 - The company has maintained its position as the global leader in large home appliance retail volume for 16 consecutive years, with a market share of 25.9% in Asia and 24.5% in North America [23][30] - The company has expanded its global market presence through acquisitions, including the recent purchase of Kwikot in South Africa, enhancing its water heater business [30][29] - The company is recognized for its innovative smart home solutions, focusing on customized platforms and integrated smart home experiences [24][25]