证券日报网讯2月12日，康希通信在互动平台回答投资者提问时表示，公司上市后就开始积极布局蜂窝 类射频前端产品的投资与研发，已有相关产品进入量产阶段，有望在2026年形成销售收入，助力公司营 收增长。您提到的5G-A和5GRedCap相关产品属于蜂窝类产品的范畴；公司关注到部分主芯片厂商的主 流RedCap芯片技术已基本成熟，近期也在主芯片体积、成本、续航能力、高精度定位等方面取得了显 著的成果。公司正紧密适配相关主芯片厂商，联合被投企业加大力度布局RedCap射频前端芯片的研发 工作。与此同时，公司积极探索卫星通信领域射频前端产品的机会，已展开了前期的预研工作。具体产 品的研发进展，请关注公司的定期报告和相关公开信息。 ...

工业和信息化部网站2月10日消息，工业和信息化部等五部门发布《关于加强信息通信业能力建设 支撑 低空基础设施发展的实施意见》。其中提到，综合采用地面移动通信、卫星通信与其他通导监技术等多 元化技术手段，支撑低空应用发展。 实施意见提出，发挥信息通信业能力资源和基础设施优势，充分利用物联网、人工智能、云计算、大数 据等新一代信息技术，提供低空智能网联系统建设解决方案。鼓励基础电信企业与空管等部门加强需求 对接，支撑低空交通管理服务相关数字化系统开发。结合低空经济发展需求，完善算力基础设施供给体 系，推动公共算力互联互通，为低空管理服务提供灵活高效的算力支撑。 组织开展试验验证 实施意见指出，根据特定需求，组织基础电信企业基于实际运行网络环境和应用场景，加强空地协同组 网、干扰协调、装备融合等低空通信关键技术研究验证，提升5G-A通感融合多站协同、多目标识别等 低空感知能力，开展融合感知算法研究和方案验证，探索形成可复制推广的技术产品、网络建设和运行 管理方案。 提升产业供给能力 实施意见指出，积极推进5G-A产业发展，进一步升级完善现有地面基站设施功能，加快通感融合等技 术产业成熟，逐步降低设备成本。 加强低空 ...

工信部等五部门发布《关于加强信息通信业能力建设 支撑低空基础设施发展的实施意见》。其中提 到，提升产业供给能力。积极推进5G-A产业发展，进一步升级完善现有地面基站设施功能，加快通感 融合等技术产业成熟，逐步降低设备成本。加强低空装备与低空信息通信的融合创新与设备研发，推进 5G/5G RedCap模组与低空航空器的适配验证。探索低空通信、导航、监视功能融合模组研发，加速技 术和产业成熟。 全文如下： 工业和信息化部等五部门办公厅（秘书局、综合局、综合司）关于加强信息通信业能力建设 支撑低空 基础设施发展的实施意见 各省、自治区、直辖市通信管理局，各省、自治区、直辖市及新疆生产建设兵团工业和信息化主管部 门、党委网信办、发展改革委，各地区空管协调委办公室，民航各地区管理局，各有关单位： 低空基础设施是低空经济发展的重要底座。信息通信业具备丰富的网络资源和综合信息服务能力，能够 有效支撑低空通信、监视、导航、智能网联系统等信息类基础设施建设发展，对于促进低空经济健康有 序发展、培育新质生产力具有重要意义。为深入贯彻党中央、国务院关于推动低空经济发展的决策部 署，进一步加强信息通信业能力建设，支撑低空基础设施发展 ...

Core Insights - The company has made significant progress in its "Connection + Computing Power" business transformation, focusing on three main sectors: operator networks, government and enterprise business, and consumer business [1][4] - The company's revenue for the first three quarters of 2025 reached 100.52 billion yuan, a year-on-year increase of 11.6%, primarily driven by the rapid growth of its computing power business, which saw a revenue increase of 180% [1] - The net profit attributable to shareholders was 5.322 billion yuan, a year-on-year decrease of 33%, mainly due to a slowdown in capital expenditure from operators, impacting the high-margin operator network business [1] Computing Power Business - The company has made major breakthroughs in self-developed chips, including CPU, DPU, and switching chips, benefiting from the development of domestic super node solutions [2] - The computing power business has become the core driver of revenue growth, with server and storage revenue increasing by 250% year-on-year and data center product revenue growing by 120% [1][2] - The company has launched a super node server solution featuring Baidu's Kunlun Heart P800, achieving GPU intercommunication bandwidth of 400GB/S to 1.6TB/S [2] Connection Business - The company maintains a leading position in the global telecommunications market, with an estimated market share of about 11% in 2024 [3] - The construction and user adoption of 5G networks are nearing completion, with 4.598 million 5G base stations built in China by July 2025, resulting in a 79% penetration rate [3] - Capital expenditure from domestic operators is expected to decline by 9.7% year-on-year in 2024, while 5G-A and 6G are emerging as new directions in the telecommunications market [3] Consumer Business - The consumer business encompasses a wide range of AI terminal products, including home terminals, mobile terminals, and cloud computers, with a revenue of 17.235 billion yuan in the first half of 2025, a year-on-year increase of 7.6% [4] - The company is collaborating with ByteDance's Doubao to launch a smartphone assistant, marking a significant step towards creating an "AI-native smartphone" [4] - The strategic transformation of "Connection + Computing Power" is showing initial success, with the server and storage business becoming a key growth engine [4]

通信行业 买入 （维持） 连接为基，算力为翼 深 度 研 中兴通讯（000063）深度报告 2026 年 1 月 30 日 S0340520060001 电话：0769-22119430 邮箱： chenweiguang@dgzq.com.cn S0340521020001 电话：0769-22110619 邮箱：luoweibin@dgzq.com.cn 分析师：陈湛谦 S0340524070002 电话：0769-22119302 邮箱： chenzhanqian@dgzq.com.cn | 邮箱：luoweibin@dgzq.com.cn | | | --- | --- | | 分析师：陈湛谦 | | | SAC 执业证书编号： | | | S0340524070002 | | | 电话：0769-22119302 | | | 邮箱： | | | chenzhanqian@dgzq.com.cn | | | 主要数据 2026 年 1 月 29 | 日 | | 收盘价(元) 39.51 | 证 | | 总市值（亿元） 1889.97 | 券 | | 总股本(亿股) 47.84 | 研 | | A 股流通 ...

Core Viewpoint - The company is actively advancing key technology breakthroughs and research in RF chips and devices for next-generation communication systems, including 5G-A and 6G, aiming to provide high-quality GaN RF chip products and services to global communication equipment suppliers [1] Group 1: Company Developments - The subsidiary, Bowei, has developed a series of GaN RF chips and devices for 5G-A applications, achieving industrialization and leading market share domestically [1] - The company is steadily progressing in product development and verification for 6G communication-related chips and devices, based on user demand and key technology reserves [1]

Core Viewpoint - The company Zhongci Electronics is actively advancing the research and development of key technologies for RF chips and devices used in next-generation communication systems such as 5G-A and 6G [1] Group 1: Company Developments - Subsidiary Bowei Company has formed a series of GaN RF chip and device products tailored for 5G-A models and solutions, achieving industrialization [1] - Bowei Company holds a leading market share domestically in the RF chip and device sector [1]

证券代码： 003031 证券简称：中瓷电子 河北中瓷电子科技股份有限公司 投资者关系活动记录表 2026-001 号 | ☑ | 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 （请文字说明其他活动内容） | | | 国泰海通 夏凡 中信建投 辛侠平 和沣资产 马文婷 中信建投 李晓东 | | 参与单位名称及 | 红杉资本 孙凯风 安联保险资管 王鹏宇 | | 人员姓名 | 中金基金 汪洋 中信证券 夏胤磊 | | | 淳厚基金 朱颜小悦 长城基金 刘疆 | | | 东兴证券 石伟晶 长城基金 彭宇晖 | | | 泰康资产 韩东方 | | 时间 | 年 月 日 （周四） 2026 1 29 | | 地点 | 河北省石家庄市鹿泉经济开发区昌盛大街 21 号 | | 上市公司接待人 | 1.中瓷电子 副总经理、财务总监、董事会秘书：董惠 | | 员姓名 | 2.中瓷电子 证券部相关工作人员 投资者提出的问题及公司回复情况 | | 1. | 公司目前在 ...

（文章来源：证券日报） 证券日报网讯 1月28日，泰永长征在互动平台回答投资者提问时表示，公司持续密切关注5G-A的应用 需求和6G相关技术进展，围绕6G基站、智算中心等6G下游场景的配电需求，开展高可靠、智能化配电 产品的技术研发和储备。 ...

Core Viewpoint - Sanan Optoelectronics is actively involved in the commercial aerospace sector, providing advanced semiconductor products and solutions tailored for 5G-A technology [1] Group 1: Product Offerings - The company offers gallium arsenide solar cells, gallium arsenide RF chips, silicon carbide power electronic chips, and photonic technology chips for commercial aerospace applications [1] - Sanan has established a stable mass production platform for HBT and pHEMT, which supports the development of differentiated solutions such as RF power amplifiers, low-noise amplifiers, and wafer-level/chip-level packaged filters [1] Group 2: Market Focus - The solutions provided by the company are designed to meet the dual requirements of compactness and high performance for 5G-A equipment [1]