通信行业周报：长征十二海南商发首飞成功，产业节奏或将加速

Investment Rating - The report maintains a "Recommended" rating for the telecommunications and electronics industry, considering the sustained high prosperity of the sector driven by AI, 5.5G, and satellite communications [3][5]. Core Insights - The overall market performance for the week (November 25 to November 29, 2024) saw the Shanghai Composite Index rise by 1.81%, the Shenzhen Component Index by 1.66%, and the ChiNext Index by 2.23%. The telecommunications sector index increased by 0.85% during the same period [3][16]. - Among the sub-sectors, communication cables and accessories had the highest increase at 7.65%, while communication network equipment and devices experienced the largest decline at 2.49% [19][20]. - The report highlights significant individual stock performances, with Yitong Technology leading with a rise of 48.17%, followed by Ruisi Kanda at 45.57%, and Guangha Communication at 34.91% [22][23]. Summary by Sections Weekly Market Overview - The telecommunications sector index rose by 0.85% during the week, reflecting a positive trend in the market [16]. - The highest increase among sub-sectors was in communication cables and accessories, which rose by 7.65% [19]. - The majority of stocks in the telecommunications sector showed positive performance, with 80.31% of stocks increasing, 18.11% declining, and only 1.57% remaining flat [22]. Industry News - The Ministry of Industry and Information Technology and twelve other departments issued a notice on the "5G Scale Application 'Sailing' Action Upgrade Plan," aiming to enhance the integration of digital technologies and promote the widespread application of 5G by the end of 2027 [24][25]. - IDC forecasts that global investment in AI infrastructure will exceed $100 billion by 2028, with a 37% year-on-year increase in spending on AI computing and storage hardware in the first half of 2024 [26][27]. - The report notes that as of the end of October, China had 995 million 5G mobile phone users and a total of 4.141 million 5G base stations, marking a significant increase in both metrics [33][37]. Company Announcements - Key announcements from the telecommunications sector for the week include stock incentive plans for Zhenxin Technology and Yiwei Communication, with shares listed for circulation on November 28 and 29, 2024, respectively [41][42]. - Upcoming announcements for the week of December 2 to December 8, 2024, include the lifting of restrictions on stock sales for Sanwang Communication [43].