通信行业周报：数据要素持续迎来政策催化，卫星互联网建设稳步推进，持续看好相关产业投资机会

Investment Rating - The report maintains a "Buy" rating for several companies in the telecommunications sector, including Tianfu Communication, Hongrid, China Mobile, China Telecom, and Chunzong Technology [2][3]. Core Insights - The report emphasizes the continuous policy support for data elements, highlighting the issuance of the "National Data Standard System Construction Guide" by multiple government agencies, which aims to establish a comprehensive data standard system by the end of 2026 [3][21][25]. - It notes significant advancements in satellite internet construction, particularly with SpaceX's successful test flights and the expansion of the "Thousand Sails" satellite constellation, which is expected to enhance the satellite industry [5][18][29]. Summary by Sections Industry Viewpoints - The telecommunications index rose by 5.20% during the week, outperforming the Shanghai and Shenzhen 300 index by 5.22 percentage points [12][34]. - The report highlights the formation of a policy synergy around data elements, which is expected to activate the data market and create investment opportunities in the data element industry chain [17][25]. Weekly Strategy Overview - The report discusses the importance of the "Thousand Sails" satellite constellation and its implications for the satellite internet industry, suggesting that the satellite manufacturing sector will benefit first, followed by satellite launch and ground network equipment manufacturing [19][34]. - It recommends focusing on key suppliers across the satellite industry chain, including operators, main equipment manufacturers, and satellite internet companies [19][34]. Special Topic Analysis - The report details the "National Data Standard System Construction Guide," which aims to revise over 30 national standards related to data management and utilization by 2026 [21][25]. - The "Trusted Data Space Development Action Plan (2024-2028)" was released to promote efficient data circulation and establish a robust data ecosystem by 2028 [25][28]. Market Review - The report indicates that the global space industry market is projected to grow, with China's commercial space market expected to reach approximately 2.3 trillion yuan by 2024, reflecting a compound annual growth rate (CAGR) of 23% from 2019 to 2023 [33][34].