20cm速递｜创业板人工智能ETF国泰（159388）盘中涨1.4%，通信行业三季度盈利稳健

Group 1: Communication Industry Performance - The overall revenue and net profit attributable to the parent company in the communication industry for Q3 2025 grew by 5.2% and 12.3% year-on-year, indicating a steady growth trend [1] - Telecom operators maintained stable growth in net profit attributable to the parent company, while leading manufacturers in the optical communication and copper connection sectors continued to deliver results [1] - Revenue from liquid cooling equipment and ICT equipment showed signs of stabilization and recovery [1] Group 2: Future Outlook - For Q4 2025 and 2026, increased investment in global AI computing power is expected to drive high growth in net profit for the optical communication sector [1] - The telecom operator sector is projected to maintain stable growth in net profit attributable to the parent company [1] - The ICT equipment and IDC sectors are likely to benefit from increased capital expenditures by internet giants [1] Group 3: Segment Performance - In Q3 2025, the total revenue and net profit attributable to the parent company in the optical module and optical device sector grew by 51% and 123% year-on-year, driven by sustained demand for overseas 800G optical modules and the ramp-up of 1.6T products [1] - The copper connection sector saw total revenue and net profit attributable to the parent company increase by 26% and 72% year-on-year [1] - The liquid cooling equipment sector experienced total revenue and net profit growth of 28% and 5% respectively, with 2026 expected to be a key year for demand in the liquid cooling industry [1] Group 4: AI ETF Performance - The Guotai AI ETF (159388) tracks the ChiNext AI Index (970070), which saw a daily fluctuation of 20% [2] - The index selects listed companies involved in AI technology and applications from the ChiNext market, covering various fields such as software and hardware development and intelligent services [2] - The constituent stocks of the index exhibit high growth and innovation characteristics, reflecting the development trend of the AI industry in the ChiNext market [2]