Core Viewpoint - The company is actively advancing research and validation of 6G wireless technology, aligning with the typical application scenarios defined by ITU, and has successfully completed all four wireless technology scheme tests for the year 2025 as organized by the IMT-2030 (6G) promotion group, with results meeting expectations [1]. Group 1 - The company is focusing on 6G wireless technology research and validation [1]. - The company has developed a prototype based on its own research [1]. - The company completed all four wireless technology scheme tests for 2025, with results aligning with expectations [1].

Industry Overview - China has conducted 6G technology trials for four consecutive years, completing the first phase and establishing over 300 key technology reserves [1] - As the 6G standard development progresses, there is an increasing consensus in the industry regarding the 6G standards [1] - The decision on the system architecture that will determine the long-term development direction of 6G is expected to be made in a relatively short time [1] Market Outlook - By 2025, the telecommunications industry is anticipated to experience a period of technological iteration and policy dividends, with new productivity directions such as AI, quantum communication, and low-altitude economy continuing to drive growth [1] - The recovery of cellular IoT modules from inventory adjustments is expected, alongside ongoing construction of communication facilities like base stations, optical cables, and data centers, which will create new demands for devices, equipment, and service operations [1] Company Developments - Xinke Mobile is actively conducting 6G wireless technology research and has established a Sub-7GHz verification platform, along with launching a prototype verification system for 6G ultra-large-scale MIMO cloud-based wireless networks [1] - Sanwei Communication's subsidiary, Haiwei Tong, specializes in providing satellite broadband internet services, offering one-stop full-scenario satellite broadband access and industry vertical application services directly to end customers [1]

Market Overview - The three major US stock indices closed lower, with the Dow Jones down 0.55%, S&P 500 down 0.69%, and Nasdaq down 0.82% [1] - Major tech stocks fell, including Nvidia down nearly 2%, Amazon, Apple, and Tesla down over 1%, while Google and Microsoft saw slight declines [1] - The Nasdaq Golden Dragon China Index rose 0.52%, with Li Auto up over 4%, NIO up over 3%, and Alibaba up over 2% [1] - Gold reached a historic high at $3532.41 per ounce, with COMEX gold futures rising 2.42% to $3601 per ounce [1] - International oil prices increased, with WTI crude oil up 1.56% to $65.62 per barrel and Brent crude up 1.39% to $69.10 per barrel [1] - European stock indices closed lower, with Germany's DAX down 2.29%, France's CAC40 down 0.7%, and the UK's FTSE 100 down 0.87% [1] Industry Insights - Tesla released its "Master Plan Part Four," focusing on artificial intelligence and humanoid robots, with expectations that about 80% of the company's value will come from the Optimus robot business [2] - Yushu Technology plans to submit its IPO application between October and December 2025, with sales from quadruped robots, humanoid robots, and components expected to be approximately 65%, 30%, and 5% respectively by 2024 [3] - The humanoid robot market is anticipated to enter a critical phase in 2025, driven by advancements in component performance and cost reduction [3] - The 6G wireless technology standard project was officially launched on September 1, 2025, marking a significant milestone as it is the first time a Chinese company leads the development of a new generation mobile communication standard [4] - The 6G technology is expected to drive transformation across various industries, including education, entertainment, and manufacturing, and is projected to create new investment opportunities in the capital market [4] - Shanghai's Economic and Information Commission announced the implementation of the national "Artificial Intelligence+" initiative, aiming to establish at least 10 industry innovation public service platforms and support over 100 core technology breakthroughs by the end of 2027 [5][6]