消息面上，中兴通讯今日将举行董事会会议，以批准公司及其附属公司截至2025年9月30日止九个月的 第三季度业绩及其发布。华泰证券近期研报指出，公司是国内老牌通信设备龙头企业，目前正积极 从"连接"转向"连接+算力"。该行看好公司两大逻辑，公司基本盘稳固，虽然近年来国内运营商传统网 络资本开支下行，但公司仍保持集采高份额以及高水平盈利能力，且海外运营商业务积极拓展，有效缓 解国内需求下行。 中兴通讯（000063）(00763)盘中跌超5%，截至发稿，跌4.71%，报39.62港元，成交额17.01亿港元。 此外，算力前瞻布局或将迎来收获期，公司目前已全面布局AI算力领域计算、存储、网络产品，并具 备从芯片到整机的全栈自研能力，横向对比国产算力链可见其稀缺性，未来随着自研芯片批量导入ICT 设备，公司政企业务盈利能力有望显著改善。 ...

Core Viewpoint - ZTE Corporation (00763) experienced a decline of over 5% in intraday trading, currently down 4.71% at HKD 39.62, with a trading volume of HKD 1.701 billion [1] Group 1: Company Performance - ZTE Corporation is set to hold a board meeting to approve its third-quarter results for the nine months ending September 30, 2025 [1] - Despite a downturn in traditional network capital expenditure from domestic operators, ZTE maintains a high market share in collective procurement and strong profitability [1] Group 2: Strategic Transition - The company is transitioning from a focus on "connectivity" to "connectivity + computing power" [1] - ZTE has made significant advancements in the AI computing power sector, with a comprehensive layout in computing, storage, and networking products [1] Group 3: Future Outlook - The company possesses full-stack self-research capabilities from chips to complete machines, highlighting its uniqueness in the domestic computing power chain [1] - With the mass introduction of self-developed chips into ICT equipment, ZTE's profitability in government and enterprise business is expected to improve significantly [1]