中兴通讯涨停，成交额超106亿元。 ...

格隆汇8月18日｜A股通信设备板块持续走强，齐涨，中兴通讯一度触及涨停，仕佳光子、锐捷网络涨 超15%，星网锐捷、剑桥科技等跟涨。 ...

Group 1 - The construction of AI data centers is accelerating the development of optical communication and chip sectors, benefiting leading companies such as Zhongji Xuchuang and Xinyi Sheng due to the growing demand for optical modules [1] - Over 60% of institutional investors plan to increase their holdings in AI-related stocks, with a focus on chip manufacturers and cloud computing giants, as computing power demand is expected to double in three years [1] - As of August 18, the telecom ETF fund (560690.SH) rose by 2.92%, with the associated index, Zhongzheng Telecom (931235.CSI), increasing by 3.21%. Key constituent stocks such as Zhongji Xuchuang, Xinyi Sheng, ZTE, China Unicom, and Yinzhijie saw significant gains [1] Group 2 - Debon Securities noted that StarNet has achieved high-speed launches, and satellite networking is expected to become routine, highlighting companies involved in satellite operations such as China Satellite Communications, China Telecom, and Sanwei Communication [1] - Guoxin Securities mentioned the demand for technological upgrades in cross-border payments against the backdrop of financial globalization, which may indirectly promote the business expansion of communication infrastructure service providers in global scenarios [1]

通信设备板块持续走强，中兴通讯一度触及涨停，仕佳光子、锐捷网络涨超15%，星网锐捷、剑桥科技 等跟涨。 ...

中兴通讯触及涨停，成交额超80亿元。 ...

海通国际最新策略指出，展望下半年，港股牛途继续向上。尽管6月末以来港股表现偏弱，但美联储降息或临近，港币汇率持续承压现状或有望扭转，汇率 对港股的压制作用也将弱化。借鉴历史上港股占优行情，本轮港股强劲源于港股资产更具稀缺性，吸引增量资金不断流入。港股科技、消费类资产与当前 AI应用、新消费等产业趋势相关度更高，且基本面更优，相较A股而言仍具有稀缺性，有望吸引南向资金继续流入。AI应用加速落地中，充分受益AI周期的 港股科技是主线。 8月18日早盘，港股直线拉升，截至发稿，恒生指数涨超0.4%，恒生科技指数涨1.35%，科技股全线上涨，中兴通讯、蔚来-SW、长城汽车涨超7%，京东集 团-SW、网易-S、再鼎医药、信达生物等跟涨。 港股科技50ETF（159750）涨1.39%，行情数据显示，早盘资金申购踊跃。近10个交易日，港股科技50ETF（159750）获资金连续净流入1.2亿元，最新规模 7.53亿元再创上市新高。 | 1.091 +0.015 +1.39% | | | 酒股 技50ETF | | ど | | --- | --- | --- | --- | --- | --- | | | | | 1597 ...

Investment Rating - The report maintains an "Outperform" rating for the communication industry [5][66]. Core Insights - The communication industry is experiencing robust growth driven by AI infrastructure and high demand for related products, particularly in the optical communication and AI server sectors [4][11][19]. - Major domestic optical communication companies are seeing rapid revenue growth, with significant contributions from high-speed optical modules [2][29][33]. - The three major telecom operators are showing stable performance with increasing dividends, indicating a solid long-term investment opportunity [4][48][55]. Summary by Sections Industry News Tracking - Industrial Fulian reported a revenue of 360.76 billion yuan in H1 2025, a year-on-year increase of 35.58%, with net profit rising by 38.61% [11]. - Lumentum's cloud computing and networking business grew by 66.5%, with Q4 revenue reaching $480.7 million, up 55.9% year-on-year [19][20]. - AVC's revenue for H1 2025 was 52.927 billion New Taiwan dollars, a 66.48% increase, driven by strong demand for AI server cooling products [23][24]. Domestic Optical Communication Companies - Huagong Technology's revenue in H1 2025 was 7.629 billion yuan, up 44.66%, with net profit increasing by 44.87% [29][30]. - Taichung Light's revenue reached 828 million yuan in H1 2025, a 62.49% increase, with net profit growing by 118.02% [33][34]. Telecom Operators - China Mobile reported a revenue of 543.8 billion yuan, a slight decline of 0.5%, but net profit increased by 5.0% [48]. - China Telecom's revenue was 269.4 billion yuan, up 1.3%, with net profit rising by 5.5% [48][55]. - The three major operators are increasing their dividend payouts, with a total proposed mid-term dividend of approximately 74.256 billion yuan [2][55]. Market Performance - The communication sector index rose by 7.66%, outperforming the Shanghai and Shenzhen 300 index, which increased by 2.37% [3][62]. - The optical module and device sectors showed strong performance, with significant gains in stock prices [63][64]. Investment Recommendations - The report suggests focusing on AI computing infrastructure, particularly in optical communication and domestic computing sectors [4][66]. - Long-term investment in the three major telecom operators is recommended due to their stable operations and increasing dividend yields [4][66].

Investment Rating - The report maintains an "Outperform" rating for the communication industry [5][66]. Core Insights - The communication industry is experiencing robust growth driven by AI infrastructure and high demand for related products, particularly in the optical communication and AI server sectors [4][66]. - Major domestic optical communication companies are seeing rapid revenue growth, with significant contributions from high-speed optical modules [2][31]. - The three major telecom operators are showing stable performance with increasing dividends, indicating a solid investment opportunity [4][42]. Summary by Sections Industry News Tracking - Industrial Fulian reported a revenue of 360.76 billion yuan in H1 2025, a year-on-year increase of 35.58%, with net profit rising by 38.61% [13]. - Lumentum's cloud computing and networking business grew by 66.5%, with Q4 revenue reaching $480.7 million, up 55.9% year-on-year [21][22]. - AVC's revenue for H1 2025 was 52.927 billion New Taiwan dollars, a 66.48% increase, driven by strong demand for AI server cooling and chassis products [25]. Domestic Optical Communication Companies - Huagong Technology's revenue in H1 2025 was 7.629 billion yuan, up 44.66%, with net profit increasing by 44.87% [31]. - Taicheng Technology achieved a revenue of 828 million yuan in H1 2025, a 62.49% increase, with net profit rising by 118.02% [36][37]. Telecom Operators Performance - China Mobile reported a revenue of 543.8 billion yuan, a slight decrease of 0.5%, but net profit increased by 5.0% [48]. - China Telecom's revenue grew by 1.3% to 269.4 billion yuan, with net profit increasing by 5.5% [48]. - China Unicom's revenue reached 200.2 billion yuan, up 1.5%, with net profit growing by 5.1% [48]. Market Performance Review - The communication sector index rose by 7.66%, outperforming the Shanghai and Shenzhen 300 index, which increased by 2.37% [3][62]. - The optical module and device sectors showed strong performance, with significant gains in stock prices [63]. Investment Recommendations - The report suggests focusing on AI computing infrastructure, particularly in optical communication and domestic computing sectors [4][66]. - Long-term investment in the three major telecom operators is recommended due to their stable operations and increasing dividend payouts [4][66].

Core Insights - The digital economy has become a significant focus in Heilongjiang Province during the "14th Five-Year Plan" period, with rapid development and substantial investments in digital infrastructure [1][4][7] - Major tech companies such as Huawei, Baidu, JD.com, Tencent, and ZTE have established a presence in Heilongjiang, indicating the region's potential for digital technology applications [3][4] - The local government has actively sought to learn from other regions and has initiated projects like the "Digital Longjiang Intelligent Computing Center" to enhance digital capabilities [4][5] Industry Development - Heilongjiang's digital economy was relatively nascent in 2021 but has since seen a surge in market participants, with over 30,000 entities in the digital economy sector by June 2025 [7] - The core revenue of the digital economy in Heilongjiang has surpassed 100 billion yuan, marking the emergence of a new trillion-level digital industry chain [7] - Local entrepreneurs, such as Yang Yaning from Harbin Pengbo Puhua Technology Development Company, have successfully expanded their businesses, contributing to the growth of the digital economy [5][7] Infrastructure and Technology - The establishment of the China Mobile Intelligent Computing Center in Harbin has positioned the city as a key player in artificial intelligence research and development [7] - The region is leveraging its abundant electricity resources to create a "computing and electricity integration" base, aiming to reduce electricity costs for computing centers [7] - The "Digital Longjiang Intelligent Computing Center" is set to enhance Heilongjiang's integration into the national computing network, showcasing the province's commitment to digital transformation [4][7]

Core Viewpoint - The article emphasizes that the rise of emerging industries in China will lead the next decade of the polymer industry, amidst a backdrop of significant transformation in the global chemical industry [1]. Group 1: Event Overview - The 2025 Polymer Industry Annual Conference and "New Plastic Award" selection will take place from September 10-12 in Hefei, Anhui [1]. - The conference aims to explore new opportunities in materials, technologies, and equipment related to emerging industries such as AI, robotics, low-altitude economy, aerospace, new energy vehicles, and data centers [1]. Group 2: Organizers and Supporters - The event is organized by Ningbo Detaizhong Research Information Technology Co., Ltd. (DT New Materials) and chaired by Qian Xigao, an academician of the Chinese Academy of Engineering [2]. - Various supporting units include the China New Materials Industry Technology Innovation Platform and several universities and research institutions [2]. Group 3: Featured Companies - Notable participating companies include: - China Energy Conservation and Environmental Protection Group Co., Ltd., specializing in LCD materials and high-tech polymers [3]. - Nanjing Lixun Screw Co., Ltd., a leader in twin-screw extrusion technology [3]. - Tianjin Lianlong New Materials Co., Ltd., recognized for its comprehensive product offerings in polymer anti-aging [3]. Group 4: Forums and Discussions - The conference will feature multiple forums, including the China International Engineering Plastics Industry Innovation Conference, focusing on topics such as resin-based composite online curing monitoring and intelligent production control [8]. - The New Energy Vehicle Innovation Materials and Applications Forum will discuss lightweight materials and their applications in automotive design [10]. Group 5: Special Activities - A special session on AI-enabled polymer material development will be held, highlighting the integration of AI in material innovation [14]. - A closed-door meeting for the development of the polymer industry and project roadshows will also take place, inviting leaders from government, enterprises, and academia [16][17].