Core Viewpoint - ZTE Corporation emphasizes that new transmission media, such as hollow-core fiber, will be crucial for the evolution of optical transmission equipment, although the company does not produce hollow-core fibers [1] Group 1: Technological Advancements - The company has completed the adaptation of its optical transmission equipment to work with hollow-core fibers [1] - To leverage the high-capacity transmission advantages of hollow-core fibers, the company has developed advanced optical modulation techniques, more efficient amplifier technologies, and sophisticated dispersion compensation algorithms [1] Group 2: Record Achievement - In collaboration with operators, the company has set a world record for transmission over hollow-core fiber, achieving a distance of 10,714 kilometers [1]

Group 1 - The stock price of ZTE Corporation was reported at 45.84 yuan, down 1.53% from the previous trading day [1] - The opening price for the day was 47.58 yuan, with a high of 47.90 yuan and a low of 44.48 yuan, resulting in a volatility of 7.35% [1] - The total trading volume for the day was 4.4766 million hands, with a transaction amount of 20.601 billion yuan and a turnover rate of 11.12% [1] Group 2 - ZTE Corporation's main business includes communication network equipment, terminal products, and technical services, providing solutions for global telecom operators and enterprise customers [1] - The company's product offerings include wireless communication systems, optical transmission equipment, and data communication devices, with a complete industrial chain layout in the 5G network construction sector [1] Group 3 - The net outflow of main funds for ZTE Corporation on that day was 1.372 billion yuan, accounting for 0.74% of the circulating market value [1] - Over the past five trading days, the cumulative net inflow of main funds was 2.452 billion yuan, representing 1.33% of the circulating market value [1]

Core Viewpoint - Central state-owned enterprises (SOEs) play a crucial role as stabilizers in the national economy, particularly in technology-driven sectors, contributing to national security and economic development [1]. Group 1: Role of Central SOEs - Central SOEs, especially technology-oriented ones, are seen as leaders and innovators in driving national development and addressing major issues [1]. - The recent event "I am a Shareholder - Entering Central SOE Listed Companies" highlighted the importance of these companies in sharing their technological advancements and strategic developments with investors [1]. Group 2: R&D Investment and Innovation - Central SOEs have significantly increased R&D investments, mastering core technologies and enhancing production efficiency, which supports key industries [2]. - For instance, Changfei Fiber has invested over 5% of its annual sales revenue into technological innovation, while over the past five years, Yifang Communication has invested more than 20 billion yuan in R&D [2][3]. Group 3: Achievements in Technology - Yifang Communication has broken world records in the "three super" optical transmission field six times in five years, contributing to the construction of national backbone communication networks and 5G networks [3]. - Huachang Technology, under the China Weaponry Equipment Group, pivoted to produce medical supplies during the COVID-19 pandemic, showcasing its adaptability and commitment to innovation [3]. Group 4: Future Strategies and Goals - The emphasis on technology innovation is critical for achieving national strategic goals, with companies viewing themselves as integral to national development [4]. - Companies are focusing on integrating their strategies with national needs and industry trends, aiming to be leaders in their respective fields [4][5]. Group 5: Internationalization Efforts - Internationalization is becoming a key strategic focus for central SOEs, with companies like Yifang Communication and Changfei Fiber planning to expand their overseas operations, particularly along the "Belt and Road" initiative [6].