通信设备及服务2024年第32周周报：高宽带全光网推动，关注海外科技财报季

Investment Rating - The report rates the communication equipment and services industry as "Overweight" [3]. Core Insights - The report highlights the impact of high-bandwidth all-optical networks (400G/800G) on national hub node interconnectivity and emphasizes the importance of AI advancements and capital expenditures in overseas tech companies [5][6]. - Domestic telecom market shows a slight decline, but emerging businesses such as cloud computing, AI, and big data are driving a "second growth curve" [6][10]. Summary by Sections 1. Weekly Investment Insights - Overseas tech companies are entering the financial reporting season, with a focus on AI progress and capital expenditures. Notably, Google's Q2 2024 performance exceeded expectations, generating billions in revenue from AI infrastructure [6][11]. - The report suggests that the global AI industry is resonating, and there is a greater emphasis on the investment value of optoelectronic interconnects [11]. 2. Weekly Market Review - The communication sector outperformed the broader market, with the Shanghai and Shenzhen 300 Index declining by 3.67%, while the communication sector fell by only 3.25% [12][15]. - Individual stock performance varied, with notable gainers including Century Dingli (+18.52%) and Shenyu Co. (+15.95%), while Kexin Technology saw a significant drop of -16.29% [15][17]. 3. Upcoming Announcements - The report lists several upcoming announcements from various companies, including shareholder meetings and expected disclosures of interim reports [18]. 4. Lock-up Expiration Reminders - The report provides details on upcoming lock-up expirations for several companies, indicating the number of shares and their market value [19]. 5. Major Company Earnings Forecasts and Valuations - The report includes earnings forecasts and valuations for key companies in the sector, with several companies rated as "Overweight" based on their projected performance [21].