通信行业研究：千帆极轨02组卫星送入预定轨道，长盈通与长飞光纤解除框架合作协议

Investment Rating - The report maintains a "Positive" investment rating for the communication industry [1][16]. Core Insights - The domestic satellite internet industry is entering an industrialization phase, with satellite internet expected to be the most promising growth segment in the communication sector over the next five years [2]. - Key components of low Earth orbit satellite communication include onboard base stations, phased array antenna systems, onboard core networks, and laser inter-satellite links [2]. - The report highlights significant weekly performance, with the communication index rising by 5.20% during the week of October 14-18, 2024, outperforming major indices like the Shanghai Composite and ChiNext [5][7]. Summary by Sections Industry Overview - The communication industry has a total market capitalization of approximately 45,780.91 billion yuan, with a circulating market value of 16,311.98 billion yuan [2]. - The average industry price-to-earnings (P/E) ratio is reported at 22.43 [2]. Key Stocks Performance - Notable stock performances during the week include: - Inspur Information: +9.87% - Zhongtian Technology: +2.38% - Guangxun Technology: +14.71% - Huagong Technology: +3.76% - Xinke Mobile: +6.97% - Fenghuo Communication: +4.23% - Zhenyou Technology: +12.65% - Gongjin Co., Ltd.: +8.82% [8][10]. Industry News - The successful launch of the Qianfan Jiguo 02 satellite group marks a significant milestone in China's large-scale satellite internet construction, indicating a shift towards normalization and mass production in the sector [10]. - Longyintong and Changfei Optical Fiber have terminated their framework cooperation agreement, with Longyintong agreeing to a compensation of 15 million yuan due to the high costs associated with purchasing from Changfei [10].