通信行业投资策略周报：2024量子科技和产业大会成功举办，产业链再迎催化

Investment Rating - The industry rating for the communication sector is "Buy" [4]. Core Insights - The 2024 Quantum Technology and Industry Conference was held in Hefei, focusing on quantum communication, quantum computing, and quantum precision measurement, showcasing the latest products and achievements from national quantum technology enterprises [20][21]. - China Telecom has established a quantum information technology group and plans to raise 1.9 billion CNY for quantum technology development, aiming to build a leading global quantum infrastructure by the end of the 14th Five-Year Plan [22]. - The three major telecom operators are intensifying their investments in the quantum industry to enhance information security and explore new industrial avenues, with significant developments in quantum communication products [21][28]. Summary by Sections 1. Core Insights - The conference emphasized the strategic importance of quantum technology in building secure communication networks and highlighted various significant technological achievements in the field [20][21]. - China Telecom's action plan includes ten key tasks aimed at integrating quantum communication networks and enhancing security infrastructure [20][22]. 2. Industry Data Updates - As of the end of 2023, China has built 3.377 million 5G base stations, marking a net increase of 1.065 million from the previous year, which represents 29.1% of all mobile base stations [54]. - In October 2024, the domestic smartphone market saw a shipment of 29.674 million units, with 26.722 million being 5G smartphones, accounting for 90.1% of total shipments [56]. 3. Recent News - China Mobile has invested in several quantum technology companies, covering various segments such as quantum cloud computing and quantum encryption [26][27]. - China Unicom launched its first quantum communication product, "Quantum Secret Message," which is compatible with domestic smartphones [28]. 4. Market Performance - The communication sector's performance has been mixed, with a recent increase in stock prices for key players like China Mobile and China Telecom, reflecting positive market sentiment towards quantum technology investments [31][42].