Understanding the Market | ZTE once rose over 10%, with its stock price increasing by more than 80% this year as the company strengthens the research and development of intelligent computing-related products

According to Zhitong Finance APP, ZTE Corporation (00763) once rose more than 10%, with its stock price increasing by over 80% this year. As of the time of writing, it is up 8.27%, priced at HKD 44, with a transaction volume of HKD 1.553 billion. In terms of news, ZTE Corporation stated on the interactive platform that 2025 is the inaugural year for 6G standardization. Major global standard organizations such as 3GPP, ITU, and CCSA have officially approved multiple 6G research projects, covering areas such as wireless access networks, core networks, operation maintenance, and security. They are conducting extensive and in-depth discussions on key technological areas such as new air interfaces, network architecture reconstruction, AI capabilities, and evolution routes. The company continues to invest in key technologies for 6G, systematically laying out from standards, chips, algorithms, and architectures, and continuously promoting technological deepening and innovative breakthroughs in several key areas such as AI, integrated space-ground systems, and spatial technology. The company has been testing in the IMT2030 (6G) promotion group for three consecutive years, maintaining a top-tier overall testing quality, ensuring the timely launch of advanced 6G products and solutions that comply with international standards after the first 3GPP standard version for 6G is frozen. Recently, Haitong International pointed out that the company is strengthening the research and development of intelligent computing-related products. Through self-developed chips, AI servers, and software capabilities such as AI toolchains and hardware-software collaborative optimization, it can meet diverse AI scenario needs. The core chip capabilities are outstanding, with self-developed "Dinghai" DPU chips, "Lingyun" switching chips, and "Zhu Feng" CPU chips. At the 2025 China Computing Power Conference, the company won the Annual Major Breakthrough Achievement Award for its "intelligent computing super node system based on high-speed interconnection open architecture between GPU cards and self-developed 'Lingyun' AI switching chips." We believe the company is expected to further strengthen its long-term competitive strength in the AI field with its industry-leading full-process chip design capabilities