HK Stock Market Move | ZTE Corporation (00763) opened more than 9% higher, driving the company's large model and self-developed chip business empowerment.

ZTE Corporation (00763) opened more than 9% higher, and as of press time, rose by 9.77% to 24.15 Hong Kong dollars, with a turnover of 37.6305 million Hong Kong dollars. On the news front, China Great Wall pointed out that in 2024, the company will focus on four major technological innovation capabilities, including AI large models, satellite communication, 5G-A, and naked-eye 3D, and continue to launch a variety of industry-leading products. These include the world's first 5G+AI 3D tablet nubia Pad 3D II, the performance and endurance all-around game flagship phone Red Magic 9Pro series, the all-around imaging flagship nubia Z60 Ultra with AI multi-scene experience, the small folding Nubia Flip, and the budget-friendly AI smartphone Nubia Little Bull. In terms of servers, the company provides high-performance training servers, cost-effective reasoning servers, plug-and-play training-reasoning integration machines, full range communication servers, and high-performance file storage, meeting the diverse intelligent computing construction needs from the center to the edge. Furthermore, leveraging its accumulated 5G and intelligent computing technology, the company is empowering the development of low-altitude economy. The company is building a low-altitude intelligent network based on 5G-A sensing and computing integration technology, which can achieve the goal of unmanned aerial vehicle-wide "connection" and easy "management." For low-altitude operations, the company has pioneered the launch of self-powered and self-receiving 128TRAAU equipment, which can support a large angle of 65 to better meet the communication needs of both ground and lower airspace, ensuring the stability and reliability of communication. The company is accelerating innovation in wireless, IP networks, switches, and automotive electronics with its self-developed chips. As a leading player in the domestic ICT industry, ZTE is speeding up its expansion from connectivity to computing power, focusing on the development of the "Big Country, Big Network, Big AI" strategy at a high speed, and its performance may maintain steady growth.