Core Viewpoint - ZTE Corporation is a leading global provider of integrated information and communication technology solutions, accelerating its transformation towards "connectivity + computing power" as 5G network construction enters a platform phase [1] Financial Performance - In the first half of 2025, the company achieved revenue of 71.553 billion yuan, representing a year-on-year increase of 14.51% [1] - The revenue from government and enterprise business, particularly in servers and storage products, doubled [1] Growth Potential - The company's performance is expected to return to a growth trajectory, supported by its position as the fourth largest telecommunications equipment supplier globally [1] - The operator network business remains stable, while the computing power and terminal business is showing significant results as a second growth curve [1] Technology Development - The company has self-developed and reserved core underlying technologies, which enhances its competitive edge in the market [1] - The report initiates coverage of the company with a "buy" rating [1]

华为无线网络产品线副总裁李捷表示，作为设备商，华为将通过新频谱新技术创新，打造万兆的基座； 通过网随业动打造弹性网络，实现万兆的体验。 中国移动研究院无线与终端技术研究所所长李男认为，移动通信技术代际演进承载新应用需求，"新三 样"(AI智能终端、智能网联汽车、智能机器人)等新业务、新场景将驱动5G-A发展。 5G-A在5G基础上，对容量、速率、时延、定位、可靠性等方面进行了升级——峰值速率从千兆跃升至 万兆。目前5G-A在中国进入规模部署期，全国300余个城市启动规模部署。 以广西为例，截至目前，广西已建成5G基站15.3万座，其中8000座开通5G-A能力。在低空经济领域， 探索5G-A通感一体结合AI技术，为1020公里边境提供低空安防保障。在智能工业领域，通过5G-A无源 物联技术实现近2万平方米厂房的智能管理和自动化物料盘点。 中国通信标准化协会秘书长代晓慧表示，目前产业界已初步构建覆盖芯片、终端、网络、应用的万兆网 络完整产业链，应用推广取得阶段性成果，重点领域示范项目有序落地，推动商业模式形成完整闭环。 中国工业和信息化部信息通信发展司二级巡视员黄先琼表示，展望未来，5G-A发展仍需产业各界协同 ...

Core Viewpoint - As the third quarter earnings report disclosure period approaches at the end of October, the correlation between stock prices and earnings is gradually increasing [2] Industry Summary - The industries with significant upward revisions in profit forecasts since September include: - Technology: gaming, computer equipment, communication devices, components [5][6] - Advanced Manufacturing: motorcycles, aerospace and marine equipment, home appliance components, batteries [5][6] - Cyclical: precious metals, glass fiber, steel, industrial metals [5][6] - Consumer: beverages, dairy products, seasoning and fermentation products, education [5][6] - Financial: brokerage insurance, city commercial banks [5][6] Profit Revision Data - The following sectors have seen a high percentage of companies with upward revisions in 2025E net profit: - Technology: - Media: 59% of companies revised upwards with a 94% profit growth forecast - Computer: 43% of companies with a 33% profit growth forecast - Communication: 21% of companies with a 70% profit growth forecast - Electronics: 17% of companies with a 67% profit growth forecast - Advanced Manufacturing: - Automotive: 89% of companies with a 44% profit growth forecast - Defense: 83% of companies with a 33% profit growth forecast - Home Appliances: 63% of companies with a 22% profit growth forecast - Power Equipment: 46% of companies with a 56% profit growth forecast - Cyclical: - Precious Metals: 77% of companies with a 74% profit growth forecast - Glass Fiber: 76% of companies with a 129% profit growth forecast - Steel: 66% of companies with a 43% profit growth forecast - Consumer: - Beverages: 77% of companies with a 23% profit growth forecast - Education: 36% of companies with a 52% profit growth forecast - Financial: - Securities: 71% of companies with a 34% profit growth forecast [6]

C114讯 9月26日专稿（蒋均牧）移动AI时代的到来引发一系列变化，全球5G无线接入网络（RAN）市场正加速从"规模部 署"走向"纵深发展"、"价值变现"，5G本身的持续演进和与智能技术的深度融合是撬动这一进程的关键因素。 伴随网络规模的持续扩大与商用进程的不断提速，5G RAN市场整体呈现出两大趋势，即继续向前演进与高度集中化。 Gartner指出，仅仅推出5G SA并不足以实现端到端网络的现代化，要通过5G提供真正的价值，运营商的网络需要更加敏捷、 灵活和可靠；同时，5G发展的过去五年里，用例主要聚焦在面向消费者的增强型移动宽带服务（eMMB）上，5GtoB业务的 盈利仍将是一大挑战，高频频谱和毫米波频谱的应用，以及虚拟化、云化、智能化都将是重要的产业趋势。 接下来直至6G时代，5G技术及相关业务和服务将继续发展。越来越多运营商开始探索5G-Advanced技术乃至6G等未来技术， 试图将之用在现网上，为5G RAN市场带来了新的增长点。领先供应商通过引入Massive MIMO、动态频谱共享、AI赋能的网 络优化等新技术，不断提升网络的性能与效率。 另一方面，虽然多供应商策略似乎成为一种"政治正确"， ...

Core Viewpoint - Tongyu Communication plans to sell an old factory and corresponding land use rights to optimize asset structure and improve asset utilization efficiency [1][3] Group 1: Asset Details - The book value of the asset to be sold is 13.6169 million yuan, with accumulated depreciation of 12.3618 million yuan, resulting in a net book value of 1.2551 million yuan [3] - The company emphasizes that the asset sale will not harm the interests of the company and its shareholders, nor will it affect normal production and operations [3] Group 2: Strategic Implications - The asset disposal aligns with Tongyu Communication's strategy to enhance asset operation efficiency and focus resources on core business development [3] - Successful completion of the sale is expected to have a positive impact on the company's financial condition and operating results [3]

深夜，大牛股中际旭创连发公告。 每10股派现4元 9月26日晚间，中际旭创公告称，控股股东中际控股拟以大宗交易方式减持不超过0.49%公司股份，减持价格将按照市场价格进行，减持期间为公告之日 起15个交易日后的三个月内。 此外，中际旭创向全体股东每10股派发现金红利4.00元人民币(含税)，合计派发现金红利人民币超4.44亿元(含税)。中际旭创还拟斥资3.54亿元参与投资国 泰海通中际旭创产业基金。 | 公告标题 | 公告时间 → | | --- | --- | | 中际旭创:关于控股股东减持股份的预披露公告 | 2025-09-26 22:12 | | 中际旭创:2025年半年度权益分派实施公告 | 2025-09-26 22:12 | | 中际旭创:第五届董事会第二十三次会议决议公告 | 2025-09-26 22:12 | | 中际旭创：关于公司参与投资国泰海通中际旭创产业基金的公告 | 2025-09-26 22:12 | 二级市场方面，中际旭创股价自4月初的71.49元/股一路狂飙，于9月23日触及457.01元/股的历史新高，6个月大涨540%。截至最新收盘，报413.7元/股，总 市值4597亿 ...

Core Points - The company has approved a share repurchase plan during the board meeting held on September 23, 2025 [1] - The announcement includes details about the top ten shareholders and the top ten unrestricted shareholders as of the day before the board meeting [1] Shareholder Information - The announcement provides the names, shareholding quantities, and shareholding ratios of the top ten shareholders [1] - It also includes similar information for the top ten unrestricted shareholders [1]

深夜，大牛股中际旭创连发公告。 9月26日晚间，中际旭创公告称，控股股东中际控股拟以大宗交易方式减持不超过0.49%公司股份， 减持价格将按照市场价格进行，减持期间为公告之日起 15个交易日后的三个月内。 此外，中际旭创向全体股东每10股派发现金红利4.00元人民币(含税)，合计派发现金红利人民币超4.44亿元(含税)。中际旭创还拟斥资3.54亿元参与投资国 泰海通中际旭创产业基金。 | 公告标题 | 公告时间 ÷ | | --- | --- | | 中际旭创:关于控股股东减持股份的预披露公告 | 2025-09-26 22:12 | | 中际旭创:2025年半年度权益分派实施公告 | 2025-09-26 22:12 | | 中际旭创:第五届董事会第二十三次会议决议公告 | 2025-09-26 22:12 | | 中际旭创:关于公司参与投资国泰海通中际旭创产业基金的公告 | 2025-09-26 22:12 | 二级市场方面，中际旭创股价自4月初的71.49元/股一路狂飙，于9月23日触及457.01元/股的历史新高，6个月大涨540%。截至最新收盘，报413.7元/股，总市值4597 亿元。 大股东拟减 ...

运营商财经网 陈聪敏/文 中国电信采购55万台WiFi设备，华为、瑞斯康达报价差几千万！具体是什么情况？ 该项目为中国电信政企融合网关增强版产品（2024-2025年）集中采购项目询比（第二次），早在2024 年12月，中国电信就发布了项目预选公告，计划共采购55万套产品，标包1为标准款（WiFi6），标包2 为增强款（WiFi7），在预算有效期内，采购人按年为周期进行预选评审，按需组织询比。 此次为项目第二次询比，9月5日，结果公示，标包1有三位成交供应商，按排名依次是华为、中兴通 讯、瑞斯康达；标包2有两位成交供应商，分别是华为、中兴通讯。此外，两个标包的备选供应商都是 烽火通信。 特别声明：以上文章内容仅代表作者本人观点，不代表新浪网观点或立场。如有关于作品内容、版权或其它问 题请于作品发表后的30日内与新浪网联系。 标包1中，华为报价11398.08万元，是三位中标人中的最高报价，报价最低的是瑞斯康达，其响应报价 为7064.35万元，两者报价差距超过4300万元；中兴通讯报价9987.98万元，报价居中。标包2中，华为报 价8001万元，中兴通讯报价6657.77万元。 有意思的是，这种情况并非首次 ...

| | | 沪深两市最近五个交易日主力资金流向情况(亿元) | | | | --- | --- | --- | --- | --- | | 日期 | | 净流入金额 开盘净流入 | 尾盘净流入 | 超大单净买入 | | 2025-9-26 | -701.87 | -234. 40 | -113. 03 | -428. 11 | | 2025-9-25 | -236.00 | -119.01 | -39. 20 | -56. 94 | | 2025-9-24 | -2. 79 | -134. 19 | 56. 63 | 110. 54 | | 2025-9-23 | -761.67 | -205. 97 | 41. 34 | -416. 45 | | 2025-9-22 | -149.51 | -77.29 | 37. 32 | -12. 91 | 2.创业板主力净流出超326亿元 沪深300今日主力资金净流出197.33亿元，创业板净流出326.76亿元。 | | | 各板块最近五个交易日主力资金净流入数据(亿元) | | | --- | --- | --- | --- | | 日期 | 沪深300 | 创业 ...