"全面屏技术的研发需要时间和技术的积累，并不是谁想做就能做出来的。努比亚深耕七代屏下技术， 才有 #努比亚Z80Ultra# 的无挖孔沉浸体验。期待iPhone真的跟进全面屏的那一天。等不及的朋友，可以 看看横扫2025各大榜单的真全面屏Z80U。"他说。 1月23日消息，中兴通讯副总裁、努比亚旗舰产品总经理张雷发微博谈#曝20周年iPhone不是真全面屏# 话题，他表示，全面屏概念炒了这么久，20周年的iPhone还是没兑现？ 责任编辑：李思阳 1月23日消息，中兴通讯副总裁、努比亚旗舰产品总经理张雷发微博谈#曝20周年iPhone不是真全面屏# 话题，他表示，全面屏概念炒了这么久，20周年的iPhone还是没兑现？ "全面屏技术的研发需要时间和技术的积累，并不是谁想做就能做出来的。努比亚深耕七代屏下技术， 才有 #努比亚Z80Ultra# 的无挖孔沉浸体验。期待iPhone真的跟进全面屏的那一天。等不及的朋友，可以 看看横扫2025各大榜单的真全面屏Z80U。"他说。 责任编辑：李思阳 ...

Core Viewpoint - ZTE Corporation achieved a net profit attributable to shareholders of 5.322 billion yuan in the first three quarters of 2025, with 264 million yuan in Q3 2025, indicating strong performance in the domestic intelligent computing market and increasing overseas market share in the operator sector [1] Segment Summaries Network Segment - The network segment accounted for 50% of total revenue in the first three quarters of 2025, with ongoing advancements in integrated technologies such as space-ground integration and sensing integration [1] - The commercial rollout of 5G-A is ongoing, and efforts are being made to promote the evolution towards 6G [1] Computing Power Segment - The computing power segment saw a year-on-year revenue growth of 180%, contributing 25% to total revenue [1] - Revenue from servers and storage increased by 250%, while data center products grew by 120% [1] - ZTE's intelligent computing servers have entered partnerships with major domestic internet and financial companies such as BBAT, JD.com, and Meituan, and are expanding overseas collaborations [1] - The company has secured multiple core node projects in domestic data centers and is actively expanding into Latin America, North Africa, and Central Asia [1] Home and Personal Segment - The home and personal segment also contributed 25% to total revenue, with personal business revenue experiencing double-digit growth [1] - Overseas mobile phone sales increased by over 25%, with the launch of new models such as the Red Magic 11 Pro series and Nubia Z80 Ultra, which integrate the Doubao AI large model [1] AI and Infrastructure - The company is fully invested in AI, establishing a robust foundation for intelligent computing through self-developed chips, super-node servers, and high-speed switches [1] - With the commercial rollout of 5G-A and ongoing construction of computing power, the long-term development of the second curve business is viewed positively, maintaining a "buy" rating [1]

Core Viewpoint - Nubia's president, Ni Fei, emphasizes that while eSIM technology has clear advantages, it is premature to discuss its replacement of physical SIM cards. The company will focus on enhancing user experience with existing technology for now [1][2]. Group 1: eSIM Technology Insights - eSIM technology offers significant benefits, such as freeing up space in devices by eliminating the physical SIM card slot, which can enhance flagship device experiences [1]. - Current challenges for eSIM adoption include incomplete online activation processes, inadequate network coverage in remote areas, high costs, and user unfamiliarity with switching eSIM numbers [1][2]. - The maturity of the eSIM ecosystem is not yet sufficient for widespread adoption, influenced by users' long-standing habits with physical SIM cards [1]. Group 2: Nubia's Strategic Focus - Nubia's latest flagship model, the Nubia Z80 Ultra, does not prioritize eSIM technology but instead focuses on improving the physical SIM card experience [1]. - The company is concentrating its development efforts on features that users can immediately appreciate, such as a true full-screen display, optimized 35mm main camera for street photography, and enhanced gaming experiences [1]. - Nubia acknowledges the importance of addressing current user pain points before fully embracing future trends like eSIM, indicating a balanced approach between technological advancement and actual user needs [2].

Group 1 - The Ministry of Industry and Information Technology has drafted the "Guidelines for the Construction of Computing Power Standard System (2025 Edition)" aiming to revise over 50 standards by 2027 in areas such as basic general standards, computing power facilities, and applications [4] - The domestic tourism market data for the first three quarters of 2025 shows that domestic residents made 4.998 billion trips, an increase of 760 million trips year-on-year, with a total expenditure of 4.85 trillion yuan, up 11.5% from the previous year [2][3] - The Hong Kong Stock Exchange reported that the number of new stocks listed in the Hong Kong market reached 66, raising a total of 23.5 billion USD in the first three quarters of 2025, marking a 45% increase in the number of new listings and a 192% increase in financing compared to the previous year [3] Group 2 - The Guangdong Provincial Government has issued an action plan to promote high-quality development in manufacturing through AI, encouraging local governments to establish "model vouchers" to support enterprises in purchasing industrial model services [6] - Nubia has launched the Red Magic 11 Pro series AI smartphones, integrating advanced AI capabilities, which is expected to drive growth in the global AI smartphone market, with predictions of a 54% penetration rate by 2028 [7] - The third-quarter net profit of Yingboer surged by 580.62% year-on-year, with revenues reaching 989 million yuan, a 69.4% increase [8]