炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 文 | 新浪科技 罗宁 政企业务成核心引擎，同比增109.9% 从业务板块的具体表现来看，政企业务成为中兴上半年营收增长的"核心引擎"，实现营收192.5亿元， 同比激增109.9%。 消费者业务上半年营收172.4亿元，同比增长7.6%，虽增速不及政企，但在终端生态构建与海外市场突 破上成效显著：个人终端领域全球首发努比亚Z70S Ultra摄影师版、Flip2小折叠屏、首款消费级平板Pro 等多形态AI终端，电竞品牌"红魔"深耕国内并发力海外线上渠道；家庭场景聚焦AI家庭网络、算力、智 能屏、机器人"四大件"。此外，二合一云PAD销量破百万，成为新增长点。运营商网络业务上半年营收 350.6亿元，虽仍有下降，但降幅已明显收窄。 值得一提的是，中兴上半年在海外市场也在紧密布局：其紧跟海外大国数据中心、算力基础设施建设浪 潮，深化中资企业出海与本地客户合作。同时通过自研芯片、智算服务器、超大规模集群等全栈国产化 智算产品，以及资源管理平台、训推平台等软件方案，提供端到端解决方案。 中兴通讯今日交出半年报。报告显示，上半年实现营收715. ...

Core Viewpoint - ZTE Corporation reported a revenue of 71.55 billion yuan for the first half of 2025, marking a year-on-year increase of 14.5%, with a net profit attributable to shareholders of 5.06 billion yuan and a non-recurring net profit of 4.1 billion yuan. The company is embracing AI opportunities, with revenue from its "second curve" business, including computing power and terminal products, growing nearly 100% year-on-year, accounting for over 35% of total revenue [1][2]. Revenue Breakdown - In the first half of 2025, ZTE's domestic and international markets achieved revenues of 50.62 billion yuan and 20.93 billion yuan, respectively, with year-on-year growth of 17.5% and 7.8%. The operator network, government-enterprise, and consumer businesses generated revenues of 35.06 billion yuan, 19.25 billion yuan, and 17.24 billion yuan, respectively [2]. - The government-enterprise business saw a remarkable year-on-year growth of 109.9%, becoming a core driver of overall revenue growth [2]. AI and ICT Integration - ZTE is fully committed to AI, accelerating the integration of AI with ICT. The company is leveraging AI opportunities in network infrastructure, computing power infrastructure, industry applications, and end-user products, which has effectively driven revenue growth [4]. - R&D expenses amounted to 12.66 billion yuan, representing approximately 18% of revenue, with around 94,000 global patent applications, including nearly 5,500 in the AI field [4]. Consumer Business Development - ZTE's consumer business revenue grew by 7.6% year-on-year, driven by a comprehensive range of AI terminal products. The company is expanding its smartphone market in Southeast Asia, Latin America, the Middle East, Africa, and Europe, with international smartphone revenue increasing by over 30% [3][5]. Strategic Upgrades - The "Connection + Computing Power" strategy is being upgraded to support AI accessibility. ZTE continues to strengthen its core competitiveness in wireless and wired products, maintaining a strong market position in 5G base stations and core networks [6]. - The company is enhancing its computing power infrastructure to meet the new opportunities presented by AI large models, developing a range of domestic computing products and solutions [6]. Achievements in AI - ZTE's Nebula large model ranked first in the SuperCLUE inference leaderboard and second overall in the IDC's report on China's large model inference computing power. The company has deepened its solutions across 18+ vertical industries, implementing over 100 benchmark cases [7].

8月28日周四，中兴通讯发布半年业绩报告。具体来看：上半年营收715.53亿元，同比增长14.51%。上半年净利润50.58亿元，同比下降11.77%。 上半年扣非净利润41.04亿元，同比下降17.32%。毛利率32.45%，同比下降7.99%。经营活动现金流净额13.0亿元，同比下降81.44%。 | | | | 单位:千元 | | --- | --- | --- | --- | | 项目 | | | | | 经营业绩 | 2025 年 1-6 月 | 2024 年 1-6 月 | 同比增减 | | 营业收入 | 71,552,734 | 62,487,098 | 14.51% | | 归属于上市公司普通股股东的净利润 | 5,057,571 | 5,732,446 | (11.77%) | | 归属于上市公司普通股股东的扣除非经常性 | 4,103,900 | 4.963.643 | (17.32%) | | 损益的净利润 | | | | | 经营活动产生的现金流量净额 | 1,299,408 | 7,000,399 | (81.44%) | 核心业务进展：政企业务上半年营收192.54亿元，同比增长1 ...

Core Insights - The article highlights the rapid integration of AI technology into daily life, emphasizing the shift in user demand from "usable" to "practical" and "high-quality" applications of AI [1] - Companies are accelerating the incorporation of AI capabilities into their product offerings, expanding the boundaries of application scenarios to enhance user experience [1] Group 1: AI Technology Integration - The "Doubao" large model has become a common choice across various industries, with its daily token usage exceeding 16.4 trillion by May 2025, marking a 137-fold increase since its launch [1] - The collaboration between Huoshan Engine and smart terminal manufacturers is focused on expanding creative boundaries in AI creation, providing users with practical AI experiences [1] Group 2: Image Creation and Processing - The demand for high-quality photos is increasing as AI technology transforms the photography field, impacting the entire process from image creation to post-processing [2] - Huoshan Engine leverages the capabilities of the Doubao family of large models to enhance AI creative abilities in smart terminals, allowing non-professional users to achieve professional-level post-processing [2] Group 3: Product Innovations - Nubia's Z70S Ultra photographer version integrates the Doubao large model for a comprehensive AI creative service, enabling users to generate high-quality images and perform real-time style transformations [3] - Samsung's Galaxy S25 series features the "Drawing Assistant" app, which utilizes the Doubao large model to provide various image processing capabilities, creating a mobile AI image workstation [3] Group 4: Experience Enhancement - Vivo collaborates with Huoshan Engine to upgrade AI functionalities in its phones, introducing "vivo AI Time Capsule" for personalized video creation through AI-generated music and lyrics [5] - Honor builds a personalized service system using AI technology, offering features like style creation and intelligent editing to enhance user experience in image processing [6] Group 5: Market Position and Future Outlook - Huoshan Engine is projected to maintain the leading position in China's public cloud large model service usage, with a market share of 46.4% by 2024 [6] - The ongoing collaboration between Huoshan Engine and smart terminal manufacturers aims to deepen the application of large models and expand capabilities, enhancing user interaction experiences [6]

五一假期刚刚结束，在"国补"政策加持下，消费电子市场热度持续升温。五一期间，南都湾财社记者走 访深圳多家线下门店了解到，以旧换新活动带动家电、手机、笔记本等产品销量显著增长，多个品类出 现"卖断货"现象，线下消费热情回归。 以苏宁卖场为例，5月6日，南都湾财社记者从苏宁易购方面获悉，5月1日至5日，苏宁易购全国门店客 流同比增长110%，家电以旧换新订单增长57%，万元以上家电销量增长79%。在深圳南山一家苏宁门 店，记者看到多组家庭集中挑选嵌入式冰箱、洗碗机等中高端家电产品，店员表示"一站式焕新"已成不 少消费者的主流选择。 除了传统家电，3C数码赛道同样热度不减。南都湾财社记者走访看到，手机和笔记本柜台人流不断， 热门型号出现库存紧张。多位销售人员表示，国补叠加新品上市，带动高端手机、电竞本、AI PC等产 品集中热销。 整体来看，政策红利与场景创新正在重塑消费结构。从"换新"向"换优"、从"性价比"向"品质感"，今年 五一，电子消费市场展现出"智能化""高端化"的新趋势。 五一期间苏宁卖场 "换新到换优"，家电市场迎来智能品质消费热潮 今年"五一"假期，在"以旧换新"与"品质升级"双轮驱动下，家电消费市 ...

4月28日，努比亚Z70S Ultra摄影师版及努比亚平板 Pro同步亮相。 为满足年轻人日益丰富的工作、学习、娱乐需求，努比亚推出消费级平板——努比亚平板 Pro。该设备 具备旗舰的性能，搭载高通骁龙8 Gen3处理器，最高主频可达3.3GHz，配备LPDDR5X高速内存和 UFS4.0高速闪存，为用户带来前所未有的流畅体验。在努比亚独有的星云性能引擎、六重散热系统与 AI帧感知算法的加持下，无论是运行大型游戏还是进行多任务处理，努比亚平板 Pro都能游刃有余。 在AI方面，努比亚平板 Pro也将"AI Together"理念融入产品。AI文档助手，可生成PPT、表格、思维导 图等，提升工作效率；AI消除、AI扩图 、AI写真，让用户随时随地创作大片；同时还提供智能学习计 划、分步式AI食谱教学及个性化穿搭建议等实用功能，定义智能生活新体验。 如遇作品内容、版权等问题，请在相关文章刊发之日起30日内与本网联系。版权侵权联系电话：010-85202353 除了光学硬件，努比亚Z70S Ultra摄影师版专业AI影像大模型进一步升级，AI疾速抓拍功能实现对高速 运动物体的清晰捕捉；经典胶片色彩影调带来电影般的质 ...

21世纪经济报道新质生产力研究院综合报道 早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起 看看吧。 Shein美国大涨价，最高上调至377%。据中国基金报报道，近日快时尚巨头Shein为应对美国即将生效 的小额包裹关税，提前对美国市场从连衣裙到厨房用品等商品提价。数据显示，周五大部分价格上涨， 美容与健康类畅销品均价较周四涨51%，多款翻倍；家居、厨房用品及玩具类平均涨幅超30%，一套10 件装厨房毛巾暴涨377%；女士服装涨8%。 抖音新规治理"恶意营销号"十大违规行为。抖音发布《关于"恶意营销号"的治理规范》。规范明确，将 打击十类违规行为，从内容、账号、法律追责三个层面对"恶意营销号"进行处置。同时，抖音还推出账 号"健康分"评估机制，通过分值管理实现对违规账号的引导教育。 京东火速官宣猪猪侠联动：猪猪侠成虚拟骑手。京东外卖4月28日正式宣布与国产动画经典IP《猪猪 侠》达成合作，猪猪侠将以"虚拟骑手"身份入职京东外卖团队。京东外卖与猪猪侠的联动合作源于一次 意外的"撞衫"事件。近日，京东创始人刘强东亲自送外卖时，被网友发现京东外卖员的制服配色与动画 ...

【环球网科技综合报道】4月28日，努比亚在其新品发布会上，推出了两款AI新品——努比亚Z70S Ultra摄影师版与努比亚平板Pro，标志着该公司在智能手 机与平板电脑领域的又一重要布局。 努比亚Z70S Ultra摄影师版作为此次发布的重头戏，延续了努比亚在影像领域的深厚底蕴。该机搭载了NeoMaster大师光眸第五代原生35mm定制光学系统， 配备5000万像素高分辨率豪威定制1/1.3英寸光影大师990旗舰传感器，其影像素质超越了传统一英寸传感器水平。同时，支持蓝玻璃旋涂IR滤光片及OIS光 学防抖，确保了拍摄画面的清晰与稳定。 在镜头配置上，努比亚Z70S Ultra摄影师版采用了三主摄方案，包括6400万像素潜望式长焦、5000万像素AF超广角微距镜头，以及全新升级的主摄，实现了 从超广、广角到人文、人像、长焦的全焦段覆盖，满足了用户全场景拍摄需求。此外，新机还配备了实体机械快门键，支持专业双行程，让用户能够一键快 拍，捕捉精彩瞬间。 设计方面，努比亚Z70S Ultra摄影师版采用了独家第七代真全面无孔屏，带来了极致的全面视觉体验。背部设计则致敬了经典传奇相机，经典流光红圈与摄 影师版专用印记相得 ...

责任编辑：何俊熹 新浪科技讯 4月28日下午消息，努比亚举行AI双旗舰新品发布会，推出努比亚Z70S Ultra摄影师版及努 比亚平板Pro两款AI新品。努比亚Z70S Ultra摄影师版国补到手价4099元起，努比亚首款消费级平板—— 努比亚平板Pro国补到手价2379.15元起。 努比亚旗舰产品总经理张雷表示："从屏下摄像全面屏的七代打磨，到引领35mm高定光学3年迭代，以 及在行业率先提出的AI Together理念，我们在屏幕、影像、AI领域，实现了从坚持自己到行业标杆的蜕 变。同时我们的产品生态也持续扩展，首款消费级平板努比亚平板Pro，专为年轻人打造，希望能为他 们工作生活各个场景提供助力。" 努比亚Z70S Ultra摄影师版搭载NeoMaster大师光眸第五代原生35mm定制光学，配备5000万像素高分辨 率豪威定制1/1.3英寸光影大师990旗舰传感器；还支持6400万像素潜望式长焦，5000万像素AF超广角微 距镜头，实现从超广、广角到人文、人像、长焦全焦段覆盖；专业AI影像大模型进一步升级，支持AI 疾速抓拍功能、经典胶片色彩影调、AI霞光掠影、AI魔法宠物；为深化摄影爱好者的拍摄体验， ...