通信行业研究周报：华为鸿蒙OS和盘古大模型有望加速AI端侧，MWC大会关注5G-A和人工智能

Investment Rating - The industry rating is maintained at "Outperform" [1] Core Insights - Huawei's HDC conference showcased the robust ecosystem of HarmonyOS and Pangu model 5.0, which is expected to accelerate AI edge applications. The HarmonyOS ecosystem has surpassed 900 million devices, with over 2.54 million developers [1][3] - The 3GPP has officially frozen the R18 standard, expanding 5G applications to include connected drones, ground-air communication, and virtual/augmented reality. This is expected to drive investments in related fields [5] - The upcoming MWC Shanghai will focus on 5G-A and AI, indicating the industry's direction towards further development of 5G technology and the integration of AI into the economy [6] Summary by Sections AI Industry Dynamics - Huawei's HarmonyOS NEXT is a fully self-developed operating system with a 30% performance increase, 3x connection speed, and 20% lower power consumption. The Pangu model 5.0 has been upgraded in multi-modal and cognitive capabilities, enhancing robotics adaptability in various environments [3] 5G/Operator Industry Dynamics - The R18 standard enhances 5G applications and prepares for 6G integration. Major Chinese telecom operators are advancing 5G-A commercial deployments, which are expected to stimulate investments in base stations and related technologies [5] Investment Opportunities - The AI industry is showing strong trends, with significant investments in AI computing infrastructure. Key investment areas include optical modules, network equipment, and domestic computing lines. The satellite internet industry is also gaining traction, with a focus on AI and digital economy sectors [9][11] - Recommendations include companies like Zhongji Xuchuang, Tianfu Communication, and ZTE for AI and digital economy investments, as well as companies like Huawei Navigation and Haige Communication for satellite internet [11][13] Market Performance - The communication sector has outperformed the market, with a 1.58% increase, surpassing the CSI 300 index by 2.88 percentage points. Key stocks showing strong performance include Gaoxin and Hongquan [15]