通信周跟踪：光模块、服务器等环比增长，会议决议支持人工智能卫星互联网发展

Investment Rating - The report maintains an "Outperform" rating for the communication industry [1]. Core Insights - The communication industry is experiencing growth in light modules and servers, supported by decisions to advance artificial intelligence and satellite internet development [1][3]. - Light module exports showed significant month-on-month growth in June, with leading companies forecasting substantial profit increases [10][12]. - The report emphasizes the importance of AI in driving business upgrades and the recovery of the server industry, suggesting a focus on related supply chains [13]. Summary by Sections 1. Weekly Viewpoints and Investment Recommendations - Light module exports in June continued to grow month-on-month, with Jiangsu, Sichuan, and Hubei showing year-on-year increases of 99.2%, 287.5%, and 117.2% respectively [10]. - Major companies like Zhongji Xuchuang, Newyi, and Tianfu Communication forecast net profit increases of 250%, 181%, and 167% respectively [10]. - The report highlights the unique advantages of light modules and the potential for accelerated growth in the second half of the year due to increased GPU supply [10]. 2. Market Overview - The overall market saw an increase during the week of July 15-19, 2024, with the STAR Market index rising by 4.33% [15][16]. - The communication index, however, fell by 3.30%, indicating mixed performance within the sector [16]. - The top-performing segments included cloud computing (+8.1%), IoT (+5.1%), and operators (+3.8%) [16]. 3. Company Performance - Notable stock performances included Dongtu Technology (+10.75%), Kingsoft Office (+6.53%), and China Mobile (+4.90%) [25]. - Conversely, companies like Zhongji Xuchuang and Yinhantong experienced declines of -10.09% and -8.58% respectively [25]. 4. Industry News - The report discusses the approval of the first domestic all-electric communication satellite, which marks a significant milestone for China's satellite capabilities [35]. - The International Telecommunication Union has released a new standard for quantum key distribution node security, enhancing the framework for quantum communication networks [35]. - China Telecom launched an AI phone featuring self-developed AI capabilities, showcasing advancements in smart technology [35]. 5. Recommended Companies to Watch - Key companies in the light module sector include Zhongji Xuchuang, Newyi, Tianfu Communication, and others [14]. - In the server supply chain, notable mentions are Inspur Information, Unisplendour, and Fenghuo Communication [14]. - The satellite internet sector includes Shanghai Hanhua, Haige Communication, and Aerospace Electronics [14].