近日，中国电信在香港公布2025年中期业绩。上半年，中国电信全面拥抱人工智能，推动企业战略 由"云改数转"向"云改数转智惠"升级，持续推进企业高质量发展：经营收入为2715亿元，同比增长 1.3％，其中服务收入为2491亿元，同比增长1.2％；EBITDA为806亿元，同比增长4.9％；净利润为230 亿元，同比增长5.5％，每股基本净利润为0.25元。资本开支为342亿元。自由现金流为131亿元，同比增 长13.9％。 上半年，中国电信基础业务稳健增长，战略新兴业务快速发展：移动通信服务收入达1066亿元，同比增 长1.3％；固网及智慧家庭服务收入达641亿元，同比增长0.2％；移动用户4.33亿户，宽带用户达1.99亿 户，移动用户ARPU达46.0元，宽带综合ARPU达48.3元。产业数字化收入达749亿元，AIDC收入同比增 长7.4％。战新重点产品收入保持较快增长，天翼云收入达到573亿元；智能收入达到63亿元，同比增长 89.4％；安全收入达到91亿元，同比增长18.2％；视联网收入同比增长46.2％，卫星收入同比增长 20.5％，量子收入同比增长171.1％。 中国电信高度重视股东回报，不断强化 ...

导读： 量子科技不是空中楼阁，科学仪器就是量子科技的金刚钻，没有先进的科学仪器，量子科技的发展就如同无源之水、无本之木。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 中 国 科 学 院 院 士 、 深 圳 国 际 量 子 研 究 院 院 长 俞 大鹏 教 授 接 受 仪 器 信 息 网 采 访 量子科技作为21世纪最具革命性的前沿科技领域之一，正在全球范围内引发新一轮科技革命和产业变革。而在这场科技竞赛中，科学仪器扮演 着至关重要的角色。正如俞教授所言："没有先进的科学仪器，量子科技的发展就如同无源之水、无本之木。"本次专访中，俞教授从量子科技 发展现状、科学仪器自主创新、产学研协同等多个维度，深入剖析了我国在该领域的优势与挑战，并提出前瞻性的发展建议。以下是采访内容 摘录，以飨读者。 （ 点击文末"阅读原文"查看视频采访） 量子科技发展现状与科学仪器的关键支撑 量子科技三大领域的差异化发展态势 "在国家政府的持续支持下，我国量子科技在三大领域呈现出差异化的发展态势。"俞教授开门见山地指出。在量子保密通信领域，我国已经实 现了从跟跑到领 ...

8月22日，寒武纪-U（688256.SH）单日暴涨20%、市值激增近千亿元，一举超越多家头部金融股；海光 信息（688041.SH）单日市值增长超700亿元。Wind数据显示，截至2025年8月22日，申万电子板块市值 飙升至11.32万亿元，与银行业的11.37万亿元仅相差500亿元。 这场市值格局的重塑并非一日之功。"新兴产业进、传统产业退"的趋势已在五年间清晰显现。2019年底 至今，电子、电力设备、计算机、汽车、通信五大新兴板块市值占比从16.95%猛增至26.29%，提升近 9.5个百分点，而银行、非银金融与地产三大传统板块市值占比则萎缩超6.95个百分点。 业内认为，从国际经验来看，科技企业往往是国际发达市场市值体系的核心支撑。近年来，科技在国内 经济中的地位和作用越来越强，未来科技相关板块或有望进一步扩张。 科技板块崛起 Wind数据显示，8月22日，申万电子板块迎来新一轮上涨，市值达到11.32万亿元，基本已接近银行业 11.37万亿元。 | | | | 部分行业的市值变化 | | | | | --- | --- | --- | --- | --- | --- | --- | | 证券代码 ...

| | 特定对象调研 ☑ | □分析师会议 | | --- | --- | --- | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | □其他 | | | | 上海国泰海通证券资产管理有限公司：肖凯 | | | | 中银国际证券股份有限公司：周世辉 | | | | 中财招商投资集团：潘晓聪、刘清香 | | | | 黄石经开产业投资有限公司：冯志强 | | | | 东方财富信息股份有限公司：卢华银 | | | 参与单位名称及 | 东方财富证券股份有限公司：王宜宁 | | | 人员姓名 | 深圳智富圈基金管理有限公司：李剑辉 | | | | 深圳市小维塔投资有限公司：徐琳 | | | | 深圳市前海骏杰资产管理有限公司：徐灵娥、孔庆华 | | | | 长城证券股份有限公司：梁韵诗 | | | | 深圳市汇银担保控股有限公司：胡俊卿 | | | | 厦门可乐兄弟投资责任有限公司:孙永青 | | | | 个人投资者：吕崇文、陈家昌、刘有友 | | | 时间 | 2025 年 8 月 19 日-2025 年 | 8 月 20 ...

Core Insights - The article highlights the achievements of high school students during Tencent's 2025 Spark Challenge Week, focusing on advancements in embodied intelligence and robotics [5][13][14] - The event showcased various projects, including a robot capable of navigating indoor environments based on human instructions, which has potential applications in delivery services [3][19] - The challenge also emphasized the importance of long text understanding, multi-modal perception, and quantum computing, indicating a strong focus on cutting-edge technology [13][26] Group 1: Embodied Intelligence and Robotics - A humanoid robot successfully completed a task of finding a soccer ball in an indoor environment based on human commands, demonstrating the potential for solving the "last 10 meters" delivery problem [3][19] - The project faced challenges in adapting from virtual environments to real-world testing, particularly in coordinate system conversion [17] - Future improvements will include fine-tuning large language models (LLMs), enhancing facial recognition systems, and optimizing navigation capabilities [19] Group 2: Long Text Understanding and Multi-Modal Perception - A long novel re-creation agent was developed, capable of style transfer, prologue creation, and text refinement, with a user interface that displays the AI's thought process [21] - The multi-modal perception system for visually impaired individuals integrates image, voice, and text inputs to assist with obstacle avoidance and object retrieval [24] - The system includes real-time distance measurement, voice interaction, and object grabbing modules, enhancing usability in complex environments [24] Group 3: Quantum Computing and Security - The quantum technology segment involved designing a structured approach to quantum algorithm challenges, divided into multiple phases [26] - In the security domain, an automated attack agent was created to enhance efficiency in penetration testing, significantly reducing human labor [26] Group 4: Talent Development and Future Opportunities - Out of 82 participants, 68 received offers from prestigious universities, indicating the high caliber of talent involved [27] - The Spark Challenge Week is part of Tencent's broader initiative to nurture young talent in computer science, with opportunities for further industry engagement and project involvement [31][32] - Previous participants have gone on to become influential figures in technology innovation, showcasing the program's long-term impact [32]

Group 1 - The stock price of China Great Wall on August 19 was 17.38 yuan, down 0.76 yuan or 4.19% from the previous trading day [1] - The trading volume on that day was 3.3742 million hands, with a transaction amount of 5.973 billion yuan [1] - The stock opened at 17.95 yuan, reached a high of 18.12 yuan, and a low of 17.29 yuan [1] Group 2 - China Great Wall operates in the computer equipment industry and is a listed company in Guangdong Province [1] - The company is involved in sectors such as 5G and quantum technology [1] - Guangdong Province recently released policies to promote high-quality development in commercial aerospace, which may benefit local companies [1] Group 3 - On August 19, the net outflow of main funds for China Great Wall was 888 million yuan, accounting for 1.58% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow reached 2.149 billion yuan, representing 3.83% of the circulating market value [1]

Core Insights - The meeting focused on accelerating the construction of a modern industrial system through technological innovation, emphasizing the integration of technology and industry as a key driver for development [1][2][3] Group 1: Technological Innovation - Technological innovation is identified as the driving force and key variable in building a modern industrial system, essential for transforming old and new growth drivers and addressing industrial transformation challenges [1][2] - Guangdong aims to lead in overcoming critical technological challenges and producing significant technological achievements, with a focus on enhancing supply chains and implementing the "Zhuo Yue" plan for basic research [2] Group 2: Industry Collaboration - The strategy includes strengthening the collaboration between enterprises, academia, and research institutions, utilizing a "chain leader" approach to foster a robust ecosystem of technology-driven enterprises [2] - The government is encouraged to refine policies and support mechanisms to ensure that innovation efforts are effectively delivered to enterprises, enhancing their capacity for technological advancement [3] Group 3: Future Technology and Talent Development - There is a forward-looking emphasis on quantum technology and other future fields, aiming to position Guangdong as a leader in new industries and competitive arenas [2] - The meeting highlighted the importance of cultivating a high-level talent ecosystem through joint training programs between universities and enterprises, ensuring a steady supply of skilled professionals [2]

Core Insights - China Telecom reported a revenue of 269.4 billion yuan for the first half of 2025, a year-on-year increase of 1.3%, with service revenue at 249.1 billion yuan, up 1.2% [2] - The net profit for the same period was 23 billion yuan, reflecting a growth of 5.5%, and basic earnings per share were 0.25 yuan [2] - The company continues to focus on innovation-driven development, with steady growth in basic services and rapid expansion in strategic emerging businesses [2] Business Segment Performance - Mobile communication service revenue reached 106.6 billion yuan, growing by 1.3% year-on-year [2] - Fixed-line and smart home service revenue was 64.1 billion yuan, with a slight increase of 0.2% [2] - Key emerging product revenues showed significant growth: Tianyi Cloud revenue was 57.3 billion yuan; smart revenue surged by 89.4% to 6.3 billion yuan; security revenue increased by 18.2% to 9.1 billion yuan; video network revenue grew by 46.2%; satellite revenue rose by 20.5%; and quantum revenue skyrocketed by 171.1% [2] Dividend Distribution - The board of China Telecom decided to distribute an interim dividend for 2025, with a cash payout representing 72% of the net profit attributable to shareholders, amounting to 0.1812 yuan per share (including tax), an increase of 8.4% year-on-year [2] Technological Advancements - The company is enhancing its intelligent cloud system centered around its core technology "Xirang," providing integrated services of computing power, platforms, data, models, and applications [2] - In the IaaS layer, the total scale of self-owned and accessed computing power reached 77 EFLOPS, offering heterogeneous computing power services [3] - The PaaS layer is focused on upgrading intelligent computing platforms to provide one-stop computing power scheduling and AI development services [3] - The DaaS layer is developing the "Xinghai" data intelligence platform, integrating various data sets, totaling over 350 TB [4] - The SaaS layer is creating standardized AI products to meet the digital needs of production, life, and governance [4] Industry Trends - The global technological innovation landscape is experiencing unprecedented activity, with AI and quantum technology leading a new wave of technological revolution and industrial transformation [4] - China Mobile reported a revenue of 543.8 billion yuan for the first half of 2025, with a net profit of 84.2 billion yuan, while China Unicom achieved a revenue of 200.2 billion yuan [5] - All three major telecom operators are focusing on the AI sector, with China Mobile's AI-related revenue reaching several billion yuan [5] - China Unicom's AI business is becoming a new growth point, with plans to expand intelligent computing centers in various regions [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。 China Telecom Corporation Limited 中国电信股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份編號：728） 海外監管公告 中國電信股份有限公司 2025 年半年度報告摘要 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。 兹載列中國電信股份有限公司（「本公司」）在上海證券交易所網站刊登的《中國電信股份有 限公司 2025 年半年度報告摘要》，僅供參考。 承董事會命 中國電信股份有限公司 董事長兼首席執行官 柯瑞文 中國北京，2025 年 8 月 14 日 於本公告刊發之日的本公司董事會包括柯瑞文（董事長兼首席執行官）；劉桂清（總裁兼首席 運營官）；唐珂、李英輝（財務總監）（皆為執行副總裁）；呂永鐘（非執行董事）；吳嘉寧、 楊志威、陳東琪、呂薇（皆為獨立非執行董事）。 公司代码：601728 公司简称：中国电信 中国电信股份有限公司 2 ...

Group 1 - The core viewpoint of the news highlights the performance of specific stocks in the A-share market, particularly those related to liquid cooling servers and brain-computer interface concepts, with several stocks achieving consecutive trading limit increases [1] - The stock "Dayuan Pump Industry" has achieved a 4-day consecutive limit increase, indicating strong market interest in liquid cooling server concepts [1] - Other notable stocks include "Innovation Medical," which has seen a 3-day consecutive limit increase, reflecting growing interest in brain-computer interface technology [1] Group 2 - A total of 52 stocks reached their daily limit increase on August 14, showcasing a broad market trend towards specific sectors [1] - The stocks with consecutive limit increases include various sectors such as wind power, military information technology, digital currency, and quantum technology, indicating diverse investment interests [1] - The performance of stocks like "Feilong Co." and "Jintian Co." in the liquid cooling server category, both achieving 2-day consecutive limit increases, further emphasizes the sector's potential [1]