量子通信取得新突破，通信ETF（515880）涨超2%，光模块占比近50%

Core Insights - China Telecom's Quantum Research Institute achieved a significant milestone in optical communication by successfully conducting a real-world experiment of over 80 kilometers for classical optical signal and quantum key distribution co-fiber transmission, with a transmission rate exceeding 10 Tb/s [1][3] - The advancements in quantum communication technology have garnered international recognition, as evidenced by the publication of these findings in the Journal of Lightwave Technology [3] - The quantum computing industry is transitioning from laboratory research to commercial applications, driven by technological breakthroughs, policy support, and market demand, with a projected market size reaching hundreds of billions by 2025-2030 [3] Optical Communication Market Dynamics - The optical communication sector is experiencing growth due to the dual catalysts of quantum communication advancements and increased demand for computing power [4] - The market for 100G+ data communication modules is expected to see significant growth, with projected increases of 54%, 69%, and 34% from 2025 to 2027, reaching market sizes of $14.4 billion, $24.4 billion, and $32.7 billion respectively [4] - The A-share market is witnessing a clear "shovel seller" logic, with leading companies expected to strengthen their market positions as demand for components from major chip manufacturers like Nvidia and Google rises [4] Investment Opportunities - The communication ETF (515880) is positioned to benefit from the ongoing technological breakthroughs in quantum communication and the rising capital expenditures in AI, maintaining a high level of market activity [5] - The ETF, which ranks first in its category with a scale of 9.317 billion yuan, has a significant allocation of nearly 79% in "optical modules, servers, copper connections, and optical fibers," with optical modules alone accounting for nearly 50% [6][5]