金秋九月，渤海之滨，2025山东清洁能源产业博览会暨第十八届烟台国际核电工业及装备博览会在烟台 八角湾国际会展中心启幕。 为应对展会期间高并发通信业务挑战，烟台移动优化调整了周边基站布局，新增多个临时基站和微站， 实现展馆、论坛区、互动体验区等热点区域网络容量显著提升。同时，组织技术团队对展馆内部及周边 光缆线路进行全面巡检，增强传输冗余保护，确保关键业务不中断。 针对开幕式、高端论坛、技术发布会等重大环节，烟台移动安排专人现场值守，通过实时监控与动态优 化。众多参展企业、媒体和观众纷纷表示，现场网络体验优良，上传下载迅速，视频通话清晰，充分体 现出烟台移动在高密度场景下的卓越保障能力。 烟台移动始终秉持"客户为根、服务为本"的理念，以领先的通信技术和服务品质，为烟台市重大产业活 动及经济社会发展提供坚实支撑。未来，烟台移动将继续深化5G、算力网络等新技术与应用场景的融 合创新，助力烟台打造清洁能源与核电产业新高地，为推动绿色低碳高质量发展注入数智能量。 据悉，本届博览会汇聚了中核集团、国家电投、中广核、中国华能等众多龙头企业，集中展示全球核电 工业与清洁能源领域的最新技术与装备成果。面对这一高规格、国际化、 ...

Core Viewpoint - A-share market shows a mixed and volatile pattern with the Shanghai Composite Index breaking previous highs, while the Hong Kong market experiences a strong rally, driven by technology and cyclical sectors [1][2]. Major Index Performance - A-share indices display divergence, with the Shanghai Composite Index rising 0.24% to 3884.71 points, while the Shenzhen Component and ChiNext Index face pressure, with the latter down 0.52% to 3037.83 points [2]. - The Hong Kong market sees all major indices rise, with the Hang Seng Index up 1.53% to 26484.72 points and the Hang Seng Tech Index up 2.18% to 6016.97 points, reflecting strong market sentiment [2]. Industry Hotspots and Driving Logic - In the A-share market, cyclical sectors and policy beneficiaries are the main focus, with the metals sector leading gains due to rising industrial metal prices and improving profit expectations [3]. - The real estate sector also sees a rise of 2.16% due to favorable policies and expectations of sales recovery [3]. - In the Hong Kong market, technology and resource sectors are strong, driven by breakthroughs in self-developed chip technology and AI model training [3]. Underperforming Sectors and Driving Logic - The A-share technology growth sector experiences a high-level correction, with AI hardware stocks weakening and high valuation concerns emerging [4]. - In the Hong Kong market, defensive sectors show weakness, particularly local consumer stocks, as retail data falls short of expectations [4]. Investment Strategy Recommendations - The investment strategy should focus on "policy dividends + technological transformation + global pricing power," emphasizing long-term growth assets [5]. - In the A-share market, attention should be on sectors benefiting from technological innovation and cyclical recovery, particularly in semiconductors and industrial metals [5][6]. - For the Hong Kong market, a balanced allocation between technology growth and undervalued value stocks is recommended, focusing on AI applications and low-valuation financials [6].

Group 1 - The core viewpoint highlights Beijing's rapid development as a global hub for artificial intelligence, with over 2,400 AI companies and a core industry scale of nearly 350 billion yuan, accounting for half of the national total [1] - The 2025 Beijing Internet Conference will focus on themes such as digital economy, computing power internet, and AI-enabled data security, aiming to inject innovative vitality into Beijing's AI development [3][4] - The conference will feature a unique structure of "1+1+3+3," including one main forum, one application achievement exhibition, three themed sub-forums, and three typical case collections [9] Group 2 - The main forum will explore the integration of digital economy and real economy, focusing on the empowerment of industries through cutting-edge technologies like AI and 5G-A/6G [10] - The application achievement exhibition will showcase the development results of Beijing's communication and internet industry over the past three years, divided into five major sections [11] - Three sub-forums will cover topics such as high-quality development of the digital economy, innovation in computing power internet, and AI empowerment with a focus on data security [14] Group 3 - The conference will invite over 300 well-known internet companies, 100 telecom value-added companies, and 50 AI model companies, establishing a comprehensive ecosystem for attracting and incubating businesses [20] - The event aims to enhance Beijing's national influence and resource aggregation through the participation of government leaders and experts who will interpret national strategies and policies [19] - The conference will also focus on high-quality presentation of application achievements, promoting the latest solutions from enterprises and enhancing their market presence [22]

Core Viewpoint - The report emphasizes the integration of computing networks and industrial internet, highlighting that computing networks serve as a new type of information infrastructure centered on computing and rooted in networking, facilitating the digital transformation of industries [1][21]. Group 1: Development Background and Trends - The digital economy and industrial digital transformation require superior network connectivity and robust computing power to meet demands for ultra-high bandwidth, ultra-low latency, and high security [22]. - Computing networks are emerging as a hot topic in the industry, with operators, equipment manufacturers, and research institutions actively engaging in research and establishing a development roadmap and architecture system [24][25]. - International organizations like ITU and IETF are working on establishing standards for computing networks, indicating a global push towards computing and network convergence [26][27]. Group 2: Key Technologies - Key technologies for computing networks include unified metrics for computing and network, real-time user demand and state perception, multi-factor joint scheduling algorithms based on IPv6/SRv6, and ensuring end-to-end service reliability [2]. - The report identifies the need to overcome technical bottlenecks such as heterogeneous hardware abstraction and edge computing collaboration to optimize industrial production processes [2]. Group 3: Application Scenarios - Computing networks will transform the supply, application, and service methods of computing power, enhancing service flexibility and efficiency across various industries [29]. - Specific application scenarios include Cloud VR services, V2X vehicle networking, and green low-carbon initiatives, all benefiting from the integration of computing and networking capabilities [30][32][37]. Group 4: Collaborative Development - The industrial internet network is crucial for connecting people, machines, and objects in industrial environments, with internal and external networks serving different operational needs [39].

Core Insights - The report explores the integration of computing networks with the industrial internet, emphasizing the development of a new type of infrastructure that supports industrial production and management [1][28]. Group 1: Background and Trends of Computing Networks - The digital economy and industrial digital transformation require high-quality network connections and powerful computing capabilities, with the industrial internet serving as a support for this transformation [2][29]. - The "East Data West Computing" initiative and new infrastructure projects demand enhanced network and computing infrastructure, highlighting the need for computing networks that reflect these integration demands [2][30]. - Computing networks, emerging from the fusion of 5G and edge computing technologies, are a domestically originated innovation aimed at achieving a new type of information infrastructure [2][30][31]. Group 2: Current Status and Application Scenarios of Computing Networks - Computing networks have become a focal point in the industry, with operators and research institutions establishing development routes and frameworks, achieving initial results in core technology areas [2][31][33]. - Application scenarios include Cloud VR video services, V2X vehicle networking, and green low-carbon initiatives, all benefiting from the collaborative capabilities of computing networks [3][37][38]. Group 3: Collaborative Development of Industrial Internet and Computing Networks - The industrial internet network is divided into internal and external networks, with computing infrastructure including central clouds and edge clouds [4][48]. - The integration of computing networks and the industrial internet promotes mutual enhancement, with the industrial internet driving the application of computing networks in vertical industries [4][48]. Group 4: Key Technologies in Computing Networks for Industrial Internet Applications - Key technologies include computing measurement, network awareness, integrated scheduling, in-network computing, and digital twin systems [6][50]. - These technologies aim to unify and flexibly schedule network and computing resources, ensuring task processing and service consistency [6][7]. Group 5: Vision and Outlook - The vision for computing networks within the industrial internet is to create a new generation of integrated infrastructure that meets the demands of new industrial applications [7][28]. - The current stage is seen as a starting point, requiring collaboration across the industry to drive technological breakthroughs [7][28].