21世纪经济报道见习记者冉黎黎 北京报道 "现在我们进入智能体的时代，整个发展还有很大的潜力，我们对它充满了期待。"9 月24日—26日，2025年中国国际信息通信展览会（PT展）在北京国家会议中心举行，中国工程院院士邬贺铨在PT展主论坛上如 是表示。热切的期待中，从运营商到产业链企业均在进行智能体的部署。中国联通人工智能首席科学家廉士国预测，未来各个 行业里都会有两类智能体应用，一类是模仿人类经验学习"职业技能"，另一类则是"超人专家"，可以比人类更早地从复杂的原 始数据里找出规律，带来从0到1的突破。 对于智能体未来将处于日常生活中的何种位置，华为公司ICT Marketing与解决方案销售总裁刘康将之与APP进行了类比。"过去 十年，超过300万款APP深度地融入到我们的生活和工作当中，未来终端会走向以Agent为中心。"刘康表示，"到2030年Agent数 量将超过传统的APP，每个人都会有自己专属的智能助手。" 9月24日—26日，2025年中国国际信息通信展览会（PT展）在北京国家会议中心举行。（冉黎黎/图） 从运营商的角度来说，中国移动集团首席专家、研究院网络与IT技术研究所所长张昊告诉21世纪 ...

Core Insights - The central enterprises in China are significantly accelerating their investments in the artificial intelligence (AI) sector, with a focus on high-quality development and capital operations to create new industry advantages and foster new growth drivers [1][2][3] Group 1: Industry Growth and Performance - China Mobile reported AI-related revenue in the "tens of billions" range for the first half of the year, indicating strong performance in the AI sector [1][2] - China Telecom's AIDC revenue grew by 7.4% year-on-year, with total revenue from Tianyi Cloud reaching 573 billion [2] - China Unicom's smart network business revenue reached 454 billion, accounting for 26% of total revenue, with a 60% year-on-year increase in AIDC contract value [2] Group 2: AI Model Development - Major enterprises have launched significant AI models, such as the "Qingyuan" model by the National Energy Group and the "Xiaomiao" model by China National Building Material Group, driving industry transformation [3] - The trend in the AI sector is shifting towards creating open, measurable, and governable products, moving from internal use to public service offerings [3] Group 3: Local Government Initiatives - Local state-owned enterprises are actively developing AI application scenarios, with Guangzhou showcasing 60 AI application scenarios and Shenzhen selecting 100 quality application scenarios [4] - Zhejiang's state-owned assets supervision authority released a list of 26 "AI+" open scenarios covering key sectors like transportation and manufacturing [4] Group 4: Strategic Development and Ecosystem - The State-owned Assets Supervision and Administration Commission emphasizes the need for strategic high-value applications and the establishment of a supportive ecosystem for AI development [6] - There is a focus on integrating resources and supporting key enterprises in the supply chain and technological breakthroughs to foster globally competitive companies [6] Group 5: Ethical and Governance Considerations - As AI penetrates various fields, there is a growing emphasis on establishing safety governance and ethical standards to ensure sustainable development [7]

证券研究报告 | 2025年08月13日 中国联通（600050.SH） 优于大市 2025 年上半年净利润同比增长 5%，算力业务动能强劲 2025 年上半年公司经营业绩稳健增长。2025 年上半年，公司实现营收 2002 亿元（同比+1.45%），联网通信收入达 1319 亿元（同比+0.4%）。归母净利 润 63.49 亿元（同比+5.1%）。净资产收益率（ROE 摊薄）同比稳定提升 0.07pct 至 3.75%，EBITDA 率同比下降 1.01pct 至 25.28%。 公司业务结构持续优化。2025 年上半年，公司联网通信实现营收 1319 亿 元，同比增长 0.4%。其中移动和宽带用户净增数达到 1119 万户，净增 创近年新高；"双千兆"用户占比达到 50%，融合业务 ARPU 超过 100 元。 受益于算力业务动能强劲，公司 25H1 算网数智业务收入达 454 亿元， 同比增长 4.3%，当前占收比达到 26%，较上年同期进一步提升，成为公 司第二增长曲线。其中联通云收入同比增长 4.6%至 376 亿元，数据中心 业务同比增长 9.4%至 144 亿元，AIDC 上半年签约金额同比增长 ...