通信行业周报：天翼云完成首个国产GPU万卡训练，电动自行车“新国标”增加北斗定位功能

Investment Rating - The report maintains an "Overweight" rating for the communication industry [1]. Core Insights - Operator computing power: China Telecom's Tianyi Cloud has completed the first domestic GPU training at a scale of ten thousand cards, which is expected to benefit related sectors. The platform, based on Huawei's Ascend chip, has achieved a leading level of computing power utilization (MFU) in the country [4][19]. - Satellite navigation: The new national standard for electric bicycles includes the addition of Beidou positioning functionality, which is anticipated to benefit related sectors. The weight limit for vehicles using lead-acid batteries has been increased from 55kg to 63kg, and real-time communication features have been added [5][20]. - Communication equipment: China Telecom has announced the results of its procurement for 100G ROADM and 100G (200G) DWDM equipment, which is expected to benefit the industry chain. The procurement will primarily involve suppliers such as Huawei and ZTE [5][21]. Summary by Sections 1. Core Insights and Investment Recommendations - The report highlights the potential benefits for operator computing power, satellite navigation, and communication equipment sectors. It suggests focusing on companies like China Telecom, China Unicom, and China Mobile for operator computing power; Huace Navigation for satellite navigation; and ZTE, Unisplendour, and Zhenyou Technology for communication equipment [6]. 2. Market Review - During the week of September 16-20, the A-share Shenwan Communication Index rose by 0.29%, underperforming the CSI 300 Index by 1.03 percentage points. The communication services sector performed well, increasing by 1.88%, while the communication equipment sector declined by 0.52% [7][9]. 3. Industry News - China Telecom's Tianyi Cloud has launched the first domestic GPU training platform, achieving significant advancements in model training efficiency [19]. - The new national standard for electric bicycles has been revised to enhance safety and functionality, including the integration of Beidou positioning [20]. - China Telecom's procurement announcements for 100G ROADM and DWDM equipment indicate a strong focus on enhancing network capabilities [21]. 4. Company Dynamics - China Mobile is developing a 5G-A low-altitude intelligent network to support low-altitude economic activities, showcasing its commitment to technological innovation [22]. - ZTE has introduced an AI health screen solution aimed at improving the quality of life for the elderly, reflecting the company's focus on health technology [23]. 5. Company Announcements - Recent announcements include stock incentive plans and successful bids for communication engineering projects, indicating ongoing growth and investment in the sector [26][27].