Core Viewpoint - The company reflects on its achievements in 2025 and emphasizes its commitment to embracing the new era of artificial intelligence while acknowledging the challenges posed by industry cycles and structural adjustments [1][5]. Group 1: Strategic Initiatives - The new "Connection + Computing Power" strategy has been implemented, leading to a return to revenue growth [5]. - The network business remains a solid profit foundation, while the computing power segment is developing new growth engines by serving key clients [5]. - The terminal business has launched the industry's first intelligent body smartphone, exploring new application avenues [5]. Group 2: Achievements and Recognition - The company received the highest SAIL award and topped the open-source rankings with its Intelligent Computing Super Node and "Co-Sight Super Intelligent Body," showcasing its strong R&D capabilities [2][5]. - The company maintained a top-level A rating in climate change leadership from CDP, reflecting its commitment to green development [2][5]. Group 3: Future Outlook - The company recognizes the complexities of the international environment and the uncertainties that may arise, while also noting the opportunities presented by domestic technological innovations such as AI and 5G-A [2][5]. - The company aims to ensure steady and sustainable growth by adhering to the principles of "Harmony and Prosperity" and "Quality Improvement and Profit Growth" [2][6]. Group 4: Market Strategy - The overseas market presents significant opportunities, and the company plans to deepen its presence in existing markets while capitalizing on the expansion of Chinese enterprises abroad [7]. - The domestic operator market will focus on stabilizing network structures and exploring new demand scenarios to expand growth [7]. - The company will enhance its brand and operational capabilities in the terminal business, particularly in the overseas market, while also advancing AI technology in domestic markets [7].

Market Overview - The A-share market has shown a significant increase, with the Shanghai Composite Index surpassing 3800 points for the first time in 10 years, reflecting a strong profit-making effect [2][4] - The Every Daily Brand 100 Index rose by 1.69% last week, closing at 1141.13 points, with over 70% of its constituent stocks experiencing gains [1][2] Stock Performance - Among the constituent stocks of the Every Daily Brand 100 Index, 72 stocks increased in value, indicating a broad-based rally [4] - Notable performers included ZTE Corporation, which surged by 32.21%, and several other companies like Sichuan Changhong, Gujing Gongjiu, Anta Sports, Luxshare Precision, and Great Wall Motors, all of which saw weekly gains exceeding 10% [4] Market Liquidity - The overall liquidity environment in the market remains robust, with trading volumes consistently exceeding 2 trillion yuan for eight consecutive trading days [4] - The margin trading balance has also remained above 2 trillion yuan, suggesting continued active trading sentiment [4] Upcoming Earnings Reports - The upcoming mid-year earnings reports at the end of August may introduce volatility into the market, as these reports could impact market trends [4] ZTE Corporation's Strategic Developments - ZTE Corporation has gained significant market attention, with institutional investors net buying 727 million yuan worth of shares in the last three trading days [5] - The company has proposed four strategic changes focusing on AI infrastructure expansion, network intelligence, terminal ecosystem reconstruction, and industry empowerment through AI [5][6] AI and Technological Advancements - ZTE has made substantial progress in various technology sectors, including servers, switches, and self-developed chips, leading to rapid revenue growth in these business segments [6] - The company is implementing a "1+ N+X" strategy for large models, aiming to create a foundational model library and various application scenarios [6] Focus on Intelligent Computing Nodes - At the 2025 World Artificial Intelligence Conference, ZTE's intelligent computing nodes attracted attention, featuring high-density integration and compatibility with various GPU manufacturers [7] - ZTE's all-stack open intelligent computing platform has received high marks in key performance indicators, showcasing its competitive edge in the market [7]