According to the Shanghai Securities Research Report, the communications sector has achieved positive growth in revenue and net profit to mother for many years, and the fundamentals have been improving steadily. Communications industry policies continue to be introduced, focusing on key national development areas, such as computing power infrastructure and supporting optical networks, satellite Internet construction and terminal applications, IoT technology development and ecosystem construction, etc., to seize industrial investment opportunities. Recommended attention: 1) High performance: AI computing power drives simultaneous growth in demand for optical modules, clear product upgrade logic, concerns: Zhongji Xuchuang, etc.; 2) High catalysis: low-orbit satellite internet enters the networking stage, commercialization process accelerates, concerns: Xinwei Communications, etc.; 3) Marginal improvement: Haifeng's bidding progressed smoothly in the first half of the year, project approval is expected to accelerate, and the inflection point of the industry boom is approaching. Focus: Hengtong Optoelectronics, etc.; 4) High dividends: steady company operation, reduced capital expenses, increased profits, and maintained a high level of dividends China Mobile, etc.; 5) Sufficient potential: accelerated drive by technical standards, promotion time The plan is clear, and there are broad prospects for commercialization in multiple fields. Focus: Starnet Ruijie, etc.

According to the Shanghai Securities Research Report, the communications sector has achieved positive growth in revenue and net profit to mother for many years, and the fundamentals have been improving steadily. Communications industry policies continue to be introduced, focusing on key national development areas, such as computing power infrastructure and supporting optical networks, satellite Internet construction and terminal applications, IoT technology development and ecosystem construction, etc., to seize industrial investment opportunities. Recommended attention: 1) High performance: AI computing power drives simultaneous growth in demand for optical modules, clear product upgrade logic, concerns: Zhongji Xuchuang, etc.; 2) High catalysis: low-orbit satellite internet enters the networking stage, commercialization process accelerates, concerns: Xinwei Communications, etc.; 3) Marginal improvement: Haifeng's bidding progressed smoothly in the first half of the year, project approval is expected to accelerate, and the inflection point of the industry boom is approaching. Focus: Hengtong Optoelectronics, etc.; 4) High dividends: steady company operation, reduced capital expenses, increased profits, and maintained a high level of dividends China Mobile, etc.; 5) Sufficient potential: accelerated drive by technical standards, promotion time The plan is clear, and there are broad prospects for commercialization in multiple fields. Focus: Starnet Ruijie, etc.