通信设备Ⅲ：华为MateX6搭载低轨卫星互联网功能，手机直连卫星应用落地节奏大超预期

Investment Rating - The report maintains a "Positive" investment rating for the industry [9]. Core Insights - Huawei's Mate X6, which features low-orbit satellite internet capabilities, is expected to accelerate the application of satellite communication in smartphones, surpassing previous expectations [5][6]. - The current phase of low-orbit satellite internet in China has not yet completed its network setup, but the rapid deployment of Huawei's technology may prompt other manufacturers to follow suit, particularly in the development of foundational components like baseband and RF chips [5][6]. - The report emphasizes the importance of the user segment in the satellite internet industry, which is projected to have a significantly larger market space compared to the space segment, highlighting the potential for investment in companies that provide satellite services and ground equipment [6][7]. Summary by Sections Event Description - Huawei has launched the Mate X6, the world's first mass-market smartphone supporting tri-network satellite communication, with low-orbit satellite internet functionality expected to enter public testing by the second half of 2025 [5]. Market Trends - The report outlines three key phases of market activity in 2023, including increased transparency in the low-orbit satellite industry, successful satellite launches marking the start of constellation construction, and the realization of low-orbit satellite orders [6]. - The focus for 2024 is on user segment investments, as the market anticipates the successful launch of satellites that will complete the constellation setup, which could lead to a shift in investment direction towards user segment companies [6]. Recommendations - The report recommends focusing on companies like Haige Communication, which has established a solid presence in the foundational components for low-orbit satellite internet, as they are likely to benefit from the accelerated application of this technology [5][7].