Core Points - The China Securities TMT Index has shown significant growth, with a 33.64% increase year-to-date, 20.88% over the last three months, and 8.48% in the past month [1] - The index comprises 50 listed companies in the TMT sector from the Hong Kong Stock Connect, reflecting the overall performance of these companies [1] - The top ten holdings of the index include major companies such as Xiaomi Group (14.86%), Tencent Holdings (14.03%), and China Mobile (13.81%) [1] Index Composition - The index is fully composed of stocks listed on the Hong Kong Stock Exchange, with a 100% allocation [1] - The industry breakdown shows that communication services account for 55.47% and information technology for 44.53% of the index [1] Index Adjustment Mechanism - The index samples are adjusted biannually, specifically on the second Friday of June and December, with weight factors fixed until the next adjustment [2] - In special circumstances, the index may undergo temporary adjustments, such as removing delisted companies or adding new TMT firms that rank in the top ten by market capitalization [2]

金十图示：2025年07月21日（周一）富时中国A50指数成分股今日收盘行情一览：银行板块全天表现低迷，能源、汽车板块集体 收涨 富时中国A50指数连续 -0.03(-0.53%) +0.04(+0.47%) -0.08(-0.68%) 光大银行 2522.95亿市值 6.05亿成交额 4.27 -0.03(-0.70%) 保险 中国太保 中国平安 中国人保 帆 3723.66亿市值 3526.82亿市值 10414.43亿市值 15.20亿成交额 26.71亿成交额 5.53亿成交额 36.66 57.19 8.42 -0.43(-1.16%) +0.12(+0.21%) +0.03(+0.36%) 酿酒行业 贵州茅台 山西汾酒 五粮液 18126.93亿市值 2199.47亿市值 4757.30亿市值 37.80亿成交额 23.04亿成交额 16.64亿成交额 180.29 1443.00 122.56 +6.00(+0.42%) -1.22(-0.99%) -0.81(-0.45%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2309.49亿市值 2434.80亿市值 3176.67亿市值 1 ...

Core Viewpoint - The partnership between AsiaInfo Technology and China Unicom aims to enhance digital transformation and innovation through a comprehensive strategic cooperation agreement, focusing on integrating technology and resources to support the digital economy's high-quality development [3][5][19]. Group 1: Strategic Cooperation - AsiaInfo Technology and China Unicom signed a comprehensive strategic cooperation agreement to enhance ecological cooperation, technological innovation, and digital security solutions [3][5]. - The collaboration will explore innovative paths for integrating digital technology with the real economy, providing competitive solutions for various industries' digital upgrades [3][5][19]. Group 2: Industry Engagement - AsiaInfo Technology participated in multiple forums during the event, including the Industrial Intelligence Forum and the Cloud AI Forum, to promote industrial intelligence and digital service advancements [5][7][11]. - The company aims to accelerate the application of innovative results in industrial intelligence and enhance the synergy between technology and market [5][11]. Group 3: Product and Service Offerings - AsiaInfo Technology showcased its capabilities across four dimensions: network, data, intelligence, and security, emphasizing a full business chain of digitalization [13][15][19]. - The company presented its 5G-A private network product system, which includes a comprehensive suite of hardware and software solutions for various industries [13][15]. - AsiaInfo Technology's data lifecycle service capabilities were highlighted, including the "trusted data space" product that ensures data sovereignty and security [15][17]. Group 4: Future Vision - The partnership is positioned to contribute significantly to the digital transformation of various sectors, leveraging advanced technologies such as AI, big data, and cloud computing [19][20]. - AsiaInfo Technology aims to become a trusted creator of digital value, focusing on high-quality service and innovation in the digital economy [20].

Market Overview - The FTSE China A50 Index showed mixed performance with banks and insurance sectors declining, while energy and automotive sectors mostly advanced [1][6]. Banking Sector - Major banks like China Everbright Bank reported a market capitalization of 252.295 billion with a trading volume of 391 million, experiencing a slight decline of 0.03 (-0.70%) [3]. Insurance Sector - Key insurance companies such as China Pacific Insurance, Ping An Insurance, and China Life Insurance had market capitalizations of 369.27 billion, 349.31 billion, and 1,037.255 billion respectively, with trading volumes of 1.066 billion, 1.782 billion, and 0.345 billion. They experienced declines of 0.78 (-2.10%), 0.11 (-0.19%), and 0.04 (-0.48%) [3]. Alcohol Industry - Leading companies in the alcohol sector, including Kweichow Moutai, Shanxi Fenjiu, and Wuliangye, had market capitalizations of 1,811.450 billion, 218.056 billion, and 475.070 billion respectively, with trading volumes of 2.287 billion, 1.577 billion, and 0.913 billion. Kweichow Moutai saw a slight increase of 5.01 (+0.35%), while the others faced declines [3]. Semiconductor Sector - Notable semiconductor firms like North Huachuang, Cambricon Technologies, and Hygon reported market capitalizations of 231.057 billion, 244.680 billion, and 317.063 billion respectively, with trading volumes of 1.070 billion, 2.435 billion, and 1.138 billion. North Huachuang experienced a decline of 4.99 (-1.53%) [3]. Oil Industry - Major players in the oil sector, including Sinopec, PetroChina, and China Railway, had market capitalizations of 273.495 billion, 715.347 billion, and 1,634.377 billion respectively, with trading volumes of 0.732 billion, 0.426 billion, and 0.427 billion. Sinopec saw an increase of 0.08 (+1.37%) [3]. Coal Industry - Companies like Shenhua Energy and Shaanxi Coal and Chemical Industry had market capitalizations of 749.639 billion and 189.440 billion respectively, with trading volumes of 0.536 billion and 0.911 billion. Shenhua Energy reported an increase of 0.33 (+0.88%) [3]. Automotive Sector - BYD, a leading automotive manufacturer, had a market capitalization of 1,827.526 billion with a trading volume of 2.984 billion, experiencing an increase of 3.49 (+1.06%) [3]. Securities Sector - Major securities firms such as CITIC Securities and Guotai Junan reported market capitalizations of 425.350 billion and 347.129 billion respectively, with trading volumes of 2.668 billion and 1.636 billion. CITIC Securities saw an increase of 0.36 (+1.27%) [4]. Consumer Electronics - Companies like Hon Hai Precision Industry and Luxshare Precision reported market capitalizations of 534.617 billion and 276.157 billion respectively, with trading volumes of 1.553 billion and 2.572 billion. Hon Hai experienced a decline of 0.19 (-0.70%) [4]. Home Appliances - Leading home appliance firms such as Haier Smart Home and Gree Electric Appliances had market capitalizations of 266.739 billion and 243.580 billion respectively, with trading volumes of 0.713 billion and 0.309 billion. Haier reported a decline of 0.26 (-0.54%) [4]. Pharmaceutical Sector - Major pharmaceutical companies like Heng Rui Medicine and Muyuan Foods had market capitalizations of 255.221 billion and 384.958 billion respectively, with trading volumes of 1.833 billion and 1.230 billion. Heng Rui experienced a decline of 0.76 (-1.29%) [4].

Core Viewpoint - China Unicom has signed a strategic cooperation agreement with Huawei to enhance collaboration in areas such as network, technology, and services, focusing on AI-centered new infrastructure [1] Group 1: Strategic Cooperation - The partnership aims to deepen product co-operation, capability building, and ecosystem expansion [1] - Both companies will work together to incubate innovative cloud intelligence businesses [1] Group 2: Focus Areas - The collaboration will focus on creating a leading AI-centered new infrastructure foundation [1]

Core Viewpoint - Analysts forecast AT&T will report quarterly earnings of $0.51 per share, reflecting a year-over-year decline of 10.5%, with revenues expected to reach $30.53 billion, an increase of 2.5% compared to the previous year [1] Earnings Estimates - The consensus EPS estimate for the quarter has not changed over the past 30 days, indicating analysts have not revised their initial projections [2] - Revisions to earnings estimates are crucial for predicting investor actions, as empirical research shows a strong correlation between earnings estimate trends and short-term stock performance [3] Revenue Projections - Analysts estimate 'Revenues- Communications- Business Wireline' will be $4.33 billion, a year-over-year decline of 9% [5] - 'Revenues- Communications- Consumer Wireline' is projected to reach $3.53 billion, indicating a year-over-year increase of 5.4% [5] - 'Revenues- Corporate and Other' is estimated at $20.56 million, reflecting a significant year-over-year decline of 81.6% [5] - 'Revenues- Communications- Mobility' is expected to be $21.54 billion, showing a year-over-year increase of 5.2% [6] Key Metrics - 'Consumer Wireline - Broadband Connections - Fiber Broadband Connections' is projected to reach 9.83 million, up from 8.80 million year-over-year [6] - 'Consumer Wireline - Fiber Broadband Net Additions' is estimated at 239.75 thousand, slightly up from 239.00 thousand year-over-year [7] - 'Consumer Wireline - Broadband Connections - Non Fiber Broadband Connections' is expected to be 4.36 million, down from 5.04 million in the same quarter last year [7] - 'Consumer Wireline - Broadband Net Additions' is forecasted at 82.45 thousand, compared to 52.00 thousand year-over-year [8] - 'Mobility Subscribers - Postpaid phone' is expected to reach 73.36 million, up from 71.93 million year-over-year [8] - 'Mobility Net Additions - Postpaid Phone' is projected at 319.49 thousand, down from 419.00 thousand year-over-year [9] - 'Consumer Wireline - Broadband Connections - Broadband' is estimated at 14.19 million, compared to 13.84 million year-over-year [9] - 'Mobility - Total Mobility Net Additions' is expected to be 710.04 thousand, down from 997.00 thousand year-over-year [10] Stock Performance - Over the past month, AT&T shares have returned -2.4%, while the Zacks S&P 500 composite has increased by 5.4% [11] - AT&T currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [11]

证券代码：603322 证券简称：超讯通信 公告编号：2025-045 超讯通信股份有限公司 关于召开2025年第三次临时股东会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 召开地点：广州市黄埔区科学大道 48 号绿地中央广场 E 栋 28 楼公司会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 8 月 4 日 至2025 年 8 月 4 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 序号 议案名称 投票股东类型 非累积投票议案 及其摘要的议案》 管理办法>的议案》 涉及融资融券、转 ...

Group 1 - The company has conducted a review of the draft stock option incentive plan for 2025, confirming its compliance with relevant laws and regulations [1][3] - The company is eligible to implement the stock incentive plan, having met the necessary qualifications and not encountering any disqualifying circumstances [1][2] - The incentive plan aims to align the interests of management and shareholders, enhancing operational efficiency and supporting sustainable development [3] Group 2 - The company must ensure that the selected incentive recipients do not fall under any disqualifying categories, such as recent violations or administrative penalties [2] - A public disclosure of the incentive recipients' names and positions is required prior to the shareholders' meeting, with a minimum notice period of 10 days [2] - The final implementation of the incentive plan is contingent upon approval from the shareholders' meeting [3]

Market Overview - The FTSE China A50 Index components showed strong performance in sectors such as banking, insurance, and liquor, while the consumer electronics sector underperformed [1][6]. Banking Sector - Everbright Bank had a market capitalization of 254.068 billion with a trading volume of 609 million, closing at 4.30, up by 0.03 (+0.70%) [3]. Insurance Sector - China Ping An and China Life Insurance had market capitalizations of 1,039.258 billion and 356.818 billion respectively, with trading volumes of 24.93 billion and 6.12 billion. Their stock prices increased by 0.42 (+1.15%) and 0.03 (+0.36%) [3]. Liquor Industry - Kweichow Moutai, Shanxi Fenjiu, and Wuliangye had market capitalizations of 1,805.156 billion, 220.936 billion, and 480.465 billion respectively. Their trading volumes were 59.85 billion, 25.98 billion, and 30.62 billion, with stock price increases of 5.03 (+2.86%), 20.65 (+1.46%), and 1.13 (+0.92%) [3]. Semiconductor Sector - Northern Huachuang, Cambricon Technologies, and Hygon had market capitalizations of 234.658 billion, 243.739 billion, and 318.365 billion respectively. Their trading volumes were 26.40 billion, 29.85 billion, and 16.55 billion, with stock price changes of +6.59 (+2.07%), -1.03 (-0.75%), and +0.22 (+0.04%) [3]. Oil Industry - Sinopec and PetroChina had market capitalizations of 271.538 billion and 705.647 billion respectively, with trading volumes of 8.53 billion and 6.48 billion. Their stock prices increased by 0.09 (+1.57%) and remained unchanged [3]. Coal Industry - China Shenhua and Shaanxi Coal and Chemical Industry had market capitalizations of 743.083 billion and 185.562 billion respectively, with trading volumes of 7.78 billion and 9.61 billion, with stock price increases of 0.27 (+0.73%) and 0.17 (+0.90%) [3]. Automotive Sector - BYD had a market capitalization of 1,808.349 billion with a trading volume of 44.82 billion, closing at 329.11, up by 1.09 (+0.33%) [3]. Shipping and Port Sector - No specific data provided for this sector in the document [4]. Power Industry - No specific data provided for this sector in the document [4]. Securities Sector - CITIC Securities had a market capitalization of 420.014 billion with a trading volume of 18.87 billion, closing at 28.34, up by 0.09 (+0.32%) [4]. Battery Sector - CATL had a market capitalization of 1,236.485 billion with a trading volume of 59.82 billion, closing at 271.20, up by 5.70 (+2.15%) [4]. Consumer Electronics - Industrial Fulian and Luxshare Precision had market capitalizations of 538.390 billion and 280.871 billion respectively, with trading volumes of 35.27 billion and 53.15 billion, with stock price decreases of -0.39 (-1.42%) and -0.67 (-1.70%) [4]. Home Appliances - Haidilao and Gree Electric Appliances had market capitalizations of 268.195 billion and 241.985 billion respectively, with trading volumes of 10.06 billion and 8.44 billion, with stock price changes of +0.32 (+0.67%) and -0.02 (-0.08%) [4]. Chemical and Pharmaceutical Sector - Hengrui Medicine had a market capitalization of 251.506 billion with a trading volume of 38.81 billion, closing at 47.71, up by 1.35 (+2.91%) [4]. Logistics Sector - SF Holding had a market capitalization of 241.541 billion with a trading volume of 11.63 billion, closing at 46.04, up by 0.76 (+1.68%) [4]. Non-ferrous Metals - Mindray Medical had a market capitalization of 273.187 billion with a trading volume of 25.08 billion, closing at 225.32, up by 8.14 (+3.75%) [4].

Group 1: Market Overview - The FTSE China A50 Index components showed a mixed performance with most sectors in the green, while the consumer electronics and internet services sectors experienced declines [1][6]. Group 2: Sector Performance - The banking sector, represented by Everbright Bank, had a market capitalization of 255.25 billion with a trading volume of 392 million, showing a slight increase of 1.17% [3]. - In the liquor industry, Kweichow Moutai led with a market cap of 1,797.53 billion and a trading volume of 3.923 billion, increasing by 1.37% [3]. - The semiconductor sector saw Northern Huachuang with a market cap of 233.94 billion and a trading volume of 1.908 billion, rising by 1.76% [3]. - In the oil sector, Sinopec had a market cap of 703.22 billion with a trading volume of 552 million, increasing by 1.22% [3]. - The coal industry was represented by China Shenhua with a market cap of 743.88 billion and a trading volume of 709 million, rising by 0.83% [3]. - In the automotive sector, BYD had a market cap of 1,793.90 billion with a trading volume of 516 million, but saw a decrease of 0.47% [3]. - The battery sector was led by CATL with a market cap of 4,189.77 billion and a trading volume of 1.153 billion, increasing by 0.88% [4]. - The consumer electronics sector, represented by Hon Hai Precision, had a market cap of 540.97 billion with a trading volume of 2.376 billion, decreasing by 0.74% [4]. - In the home appliance sector, Gree Electric had a market cap of 267.47 billion with a trading volume of 446 million, showing a slight decrease of 0.31% [4]. - The pharmaceutical sector was led by Hengrui Medicine with a market cap of 387.15 billion and a trading volume of 2.654 billion, increasing by 2.36% [4]. - The logistics sector, represented by SF Holding, had a market cap of 240.58 billion with a trading volume of 737 million, increasing by 1.04% [4].