机构：三方面聚焦6G投资价值

Core Insights - China has completed the first phase of 6G technology trials, accumulating over 300 key technology reserves, marking four consecutive years of organized 6G testing [1] - 2025 is identified as a critical year for initiating 6G standard research, with global collaboration expected to shape the future direction of 6G standards, enhancing the vision of "Internet of Everything" [1] - The consensus on 6G standards is growing within the industry, with system architecture decisions likely to be made in a relatively short timeframe [1] Investment Value of 6G - Continuous expansion of terminal connections is projected, with an estimated 12.16 billion global smart terminal connections by 2040, representing an exponential increase compared to current 5G terminal numbers [2] - 6G is expected to achieve data transmission rates up to 50 times faster than 5G, with latency reduced to one-tenth of that of 5G, significantly outperforming 5G in various metrics [2] - Enhanced commercial value attributes are anticipated for 6G, leveraging innovations such as satellite-ground integration and AI-native networks to accelerate the formation of commercial ecosystems in sectors like finance and industry [2] Focus Areas for Investment - Companies involved in traditional communication equipment such as wireless base stations, antennas, and PCBs are recommended for investment [2] - New downstream application directions benefiting from 6G scenarios include sectors like vehicle networking, satellite navigation, and IoT modules [2]