Summary of ZTE Corporation Conference Call Industry Overview - The conference call discusses the advancements in the AI computing industry, particularly focusing on the emergence of the "super node" era, which is characterized by the integration of computing, storage, and networking [3][4][7] - Key players in this space include NVIDIA and Huawei, with NVIDIA's GB200 and NVL72 products and Huawei's Cloud Metric 384 and Atlas 900 SuperPod being highlighted as leading solutions [2][5] Key Points on ZTE Corporation - ZTE has launched the "Intelligent Computing Super Node System," which won the Annual Major Breakthrough Achievement Award at the 2025 China Computing Conference. This system is based on high-speed interconnection between GPU cards and features self-developed AI switching chips [9] - The Nebula 64 super node system supports multiple mainstream interconnection protocols, enabling large-scale interconnectivity [9] - ZTE's server and storage revenue grew over 200% year-on-year in the first half of 2025, with AI servers accounting for 55% of this revenue [11] - The company has secured multiple large procurement projects, totaling over 16 billion yuan, and ranks first in these bids [11] - ZTE's self-developed components, such as microelectronics, motherboards, and network cards, enhance profit margins and ensure supply chain security [10] Competitive Landscape - The "super node" era emphasizes system capabilities over individual card capabilities, with a focus on high bandwidth, low latency, and reliability [7] - System vendors like ZTE and Huawei have a competitive advantage in the computing field due to their strong interconnection capabilities and experience in the telecommunications sector [8] - ZTE's automated production facilities and intelligent manufacturing technologies significantly improve production efficiency and quality [10] Technological Developments - ZTE has over 5,000 patents in the AI field and has developed more than 130 types of self-developed chips, covering the entire ICP industry computing network terminal [12][10] - The company is actively involved in the development of large-scale AI computing clusters, with plans to support up to 2,084 GPUs in a single server [11] Future Outlook - ZTE is positioned as a key player in the IT and computing sectors, with a strong focus on AI and intelligent computing. Investors are encouraged to monitor ZTE's developments in these areas [17]