通信行业周报：Blackwell新平台预计将于第四季度出货，千寻位置发布卫星通信终端“北斗信使”

Investment Rating - The report maintains an "Overweight" rating for the communication industry [4][6]. Core Insights - The NVIDIA Blackwell platform is expected to ship in Q4 2024, with a projected market share of over 80% in high-end GPUs by 2025, benefiting the related supply chain [4][6]. - The launch of the Beidou satellite communication terminal "Beidou Messenger" by Qianxun Location significantly lowers the usage threshold for satellite communication, enhancing the related industry chain [4][6]. - The development of 5G-A is emphasized as a commercial year, with significant improvements in connection speed and latency, creating opportunities for the industry chain [5][6]. Summary by Sections 1. Core Insights and Investment Recommendations - The report highlights the expected shipment of NVIDIA's Blackwell platform in Q4 2024 and its potential impact on the supply chain [4]. - The Beidou Messenger's capabilities in satellite communication are noted, which could benefit the industry as functionalities improve [4]. - The report suggests focusing on sectors such as computing optical communication, satellite communication navigation, and communication equipment, recommending specific companies for investment [6]. 2. Market Review - The A-share Shenwan Communication Index rose by 13% from September 23 to 27, underperforming the CSI 300 Index by 2.7 percentage points [7][12]. - Within the communication sector, the communication equipment sub-sector performed well, increasing by 15.06% [7][10]. 3. Industry News - The 2024 Digital Transformation Development Conference was held in Beijing, focusing on the latest trends and innovations in digital transformation [17]. - Gartner's report on the maturity curve of data, analytics, and AI technologies indicates a significant shift towards AI adoption in enterprises by 2027 [18]. 4. Company Dynamics - Zhongji Xuchuang reported full capacity utilization and ongoing capacity expansion [20]. - Guanghetong announced its products are applicable to new standards for electric bicycles, indicating a strategic expansion [21]. 5. Company Announcements - Huazhong Cable won a contract worth approximately 339.65 million yuan, representing 9.79% of its audited revenue for 2023 [22]. - ZTE announced the cancellation of stock options that were not exercised, with no impact on its capital structure [22].