Xin Lang Cai Jing·2025-11-12 00:30Core Viewpoint - The report from Huatai Securities indicates that the selected 137 listed companies in the telecommunications sector are expected to show steady growth in revenue and net profit by Q3 2025, with year-on-year increases of 5.2% and 12.3% respectively [1] Group 1: Industry Overview - The telecommunications industry is projected to maintain a robust growth trend, with telecom operators continuing to show steady growth in net profit [1] - The optical communication and copper connection segments are seeing top manufacturers consistently delivering net profit growth driven by AI [1] - Revenue from liquid cooling equipment and ICT devices is stabilizing and showing signs of recovery [1] Group 2: Future Outlook - For Q4 2025 and 2026, increased investment in global AI computing power is expected to drive continued high growth in net profit for the optical communication segment [1] - Telecom operators are anticipated to maintain steady growth in net profit [1] - The ICT equipment and IDC segments are likely to benefit from increased capital expenditures by internet giants [1] - The copper connection segment is expected to continue releasing capacity, contributing to net profit growth [1] - Demand for hollow core optical fibers, submarine cables, and DCI in the optical fiber and cable sector is worth monitoring [1]