Core Viewpoint - ZTE Corporation (00763) has experienced a significant stock price increase, reaching a new high of 45.2 HKD, with a cumulative rise of over 20% in the last three trading days, driven by advancements in AI server technology and chip development [1] Group 1: Stock Performance - ZTE's stock price rose over 7% in early trading, reaching 45.2 HKD, marking a new listing high [1] - As of the latest report, the stock is up 4.33%, trading at 43.88 HKD, with a trading volume of 2.366 billion HKD [1] Group 2: AI and Chip Development - Haitong International noted that the AI server market is entering a phase of rapid growth, leading to accelerated revenue growth for the company [1] - ZTE is enhancing its research and development in intelligent computing products, utilizing self-developed chips and AI servers to meet diverse AI application needs [1] - The company has received recognition for its achievements in AI chip development, including awards for its "Lingyun" AI switching chip and "Dinghai" DPU chip at the 2025 China Computing Power Conference [1] Group 3: Chip R&D Capabilities - ZTE has been engaged in chip research and development since 1996, continuously investing in advanced design, architecture, and packaging [2] - The subsidiary ZTE Microelectronics has developed over 130 types of self-developed and commercially successful chips, showcasing its full-process design capabilities for complex SoC chips [2] - Huayuan Securities believes that ZTE's R&D layout and technological depth in the chip sector may help establish its core competitiveness in the AI wave [2]

Group 1 - ZTE Corporation (000063) (00763) has continued its recent upward trend, with a peak increase of over 7% in early trading, reaching a new high of 45.2 HKD, and a cumulative increase of over 20% in the last three trading days [1] - As of the report, ZTE's stock price rose by 4.33%, trading at 43.88 HKD with a transaction volume of 2.366 billion HKD [1] - Haitong International noted that the AI server market is entering a phase of rapid growth, leading to accelerated revenue growth for the company [1] Group 2 - ZTE has been engaged in chip research and development since 1996, continuously enhancing its investment in advanced process design, architecture, packaging design, core intellectual property, and efficient digital development platforms [2] - ZTE Microelectronics, a subsidiary, has developed comprehensive front-to-back design capabilities for complex SoC chips, successfully commercializing over 130 types of chips [2] - Huayuan Securities believes that ZTE's research and development layout and technological depth in the chip sector may help establish its core competitiveness in the AI wave [2] Group 3 - The company has strengthened its research and development of intelligent computing-related products, utilizing self-developed chips and AI servers to meet diverse AI scenario demands [1] - ZTE's core chip capabilities are highlighted by its self-developed "Dinghai" DPU chip, "Lingyun" switching chip, and "Zhu Feng" CPU chip, which have contributed to its recognition at the 2025 China Computing Power Conference [1] - The company is expected to enhance its long-term competitive strength in the AI field due to its industry-leading chip design capabilities [1]

智通财经APP获悉，中兴通讯(00763)延续近期涨势，早盘一度涨超7%，高见45.2港元刷新上市新高， 近三个交易日股价累涨超两成。截至发稿，涨4.33%，报43.88港元，成交额23.66亿港元。 公开资料显示，在芯片领域，中兴通讯自1996年开始芯片研发，在先进工艺设计、先进架构和封装设 计、核心知识产权、数字化高效开发平台等方面持续强化投入，子公司中兴微电子已具备复杂SoC芯片 前后端全流程设计能力，自主研发并成功商用的芯片超过130种。华源证券认为，公司在芯片领域的研 发布局和技术纵深，或有助于其在AI浪潮中筑造核心竞争力。 消息面上，海通国际指出，AI服务器进入放量阶段，营收开启加速增长。此外，公司强化智算相关产 品的研发，通过自研芯片、AI服务器等硬件与AI工具链、软硬协同优化等软件能力，能够满足多样化 AI场景需求。核心芯片能力突出，自研"定海"DPU芯片、"凌云"交换芯片、"珠峰"CPU芯片等，在2025 中国算力大会上，公司凭借"基于GPU卡间高速互联开放架构和自研'凌云'AI交换芯片的智算超节点系 统"荣获年度重大突破成果奖。该行判断，公司有望凭借业界领先的芯片全流程设计能力，进一步强化 ...