通信行业周报：通信板块小幅增长

Investment Rating - The report rates the communication industry as "Outperform" compared to the market [1]. Core Insights - The communication sector showed slight growth, with the overall index increasing by 0.24% in the 31st week of 2024, outperforming the ChiNext index but underperforming the Shanghai Composite index [5][1]. - Key sub-sectors such as communication support services, terminal equipment, and communication operations saw increases of 2.34%, 1.44%, and 1.08% respectively, while communication transmission equipment experienced a decline of 1.21% [7][9]. - The report suggests focusing on investment opportunities in satellite internet, optical modules, and 5G technologies [1]. Summary by Sections Market Performance - The communication sector index increased by 0.24% in the 31st week of 2024, ranking 3rd among all primary industries year-to-date [5]. - The communication support services sub-sector rose by 2.34%, terminal equipment by 1.44%, and communication operations by 1.08%, while communication transmission equipment fell by 1.21% [7]. Stock Performance - Among the stocks in the communication sector, 89 increased, 6 remained flat, and 39 decreased. Notable gainers included ST Gaohong (15.71%) and Shengyang Technology (14.65%), while Guanghetong saw the largest decline at -18.65% [11][12][13]. Industry Fund Flow - In the 31st week of 2024, the communication sector experienced a net outflow of 3.27 billion yuan, ranking 26th among 31 primary industries in terms of inflow [14][16]. Industry News - China Unicom's executive emphasized the need for continued exploration in low-altitude economy policies and technologies [22]. - China Telecom's satellite division has been proactive in emergency communication support during disasters, deploying significant resources to ensure connectivity [23]. - The report highlights the importance of 5G technology in enhancing industrial internet capabilities and supporting smart manufacturing [24][26].