东兴证券：东兴晨报-20240812

Group 1: Key Insights on Satellite Internet and Communication Industry - The report highlights that during the period from 2024 to 2030, Xinke Mobile is expected to rapidly develop in the satellite internet sector, potentially becoming a rising star in global mobile communications due to its unique first-mover advantage [1] - Xinke Mobile holds significant positions in various international standardization organizations and has contributed to the development of global 5G standards, ranking eighth in the number of essential patents for global 5G standards and fifth in the number of non-terrestrial network patent families [1] - The company has successfully verified some of its products and technologies in the satellite internet field, with a recent end-to-end in-orbit test of 5G NTN technology conducted in collaboration with China Telecom and China Satcom [1] Group 2: Market Overview and Performance - During the week of August 5 to August 9, 2024, the media index fell by 0.76%, and the communication index dropped by 3.73%, while the Hang Seng Technology Index rose by 1.51% [2] - Key stocks in the A-share media and communication sector showed varied performance, with Xinke Mobile declining by 2.90% [4] - The report notes that Tongyu Satellite Communication is expected to complete its construction and commence operations by the end of the year [4] Group 3: Industry Trends and Future Outlook - The report indicates that the satellite internet sector is entering a phase of industrialization, with significant growth expected in the next five years, particularly for satellite manufacturing core component suppliers [14] - The structure of low-orbit communication satellites includes high-value components such as power systems and phased array antennas, which are anticipated to benefit from large-scale procurement demands driven by domestic satellite constellations [14] - The report emphasizes that the demand for satellite internet components may face risks related to insufficient downstream demand and delays in satellite constellation construction [14]