海通通信一周谈：三部门联合印发《北京市存量数据中心优化工作方案》

Investment Rating - The report maintains an "Outperform" rating for the industry, indicating an expected return above the benchmark index by more than 10% [26]. Core Insights - The report highlights the integration of AI and digital economy infrastructure, emphasizing the growing demand for communication capabilities driven by AI model training and applications [2]. - The satellite communication sector is expected to experience rapid growth, supported by national policies and local government initiatives [2]. - The report identifies key companies to watch, including Aojie Technology, Shengke Communication, and Zhongci Electronics, among others [2]. Summary by Sections Industry Overview - The report discusses the optimization plan for existing data centers in Beijing, which is set to receive policy support from multiple government departments [3]. Investment Opportunities - The report suggests a focus on companies involved in AI-driven technologies, optical fiber cables, and IoT, with specific mentions of companies like Hengtong Optic-Electric and Zhongtian Technology [2]. - It also notes the evolution of communication speeds from 100G to 1.6T, creating new demands for optical chips and related technologies [2]. Market Performance - The report provides a simulation investment portfolio for the communication industry, detailing the performance of selected stocks and their respective weights [11]. - It notes that the communication sector experienced a decline of 2.37% in the week of November 11-15, with an average drop of 4.74% for the selected stocks in the portfolio [12][13]. Sector Analysis - The report outlines the performance of various sub-sectors within the communication industry, highlighting significant growth in optical modules and PCB-related sectors, with year-to-date increases of 84.64% and 79.25%, respectively [16].