通信行业点评：万兆光网试点，光通信、wifi7有望受益

Investment Rating - The industry investment rating is "Outperform the Market" (maintained) [2][7]. Core Viewpoints - The Ministry of Industry and Information Technology (MIIT) has announced a pilot program for 10G optical networks, aiming for implementation in key areas such as residential communities, factories, and parks by the end of 2025. This initiative is part of the transition from gigabit to 10G networks, driven by the increasing demand for higher bandwidth and lower latency due to emerging applications like cloud gaming and the metaverse [7]. - The current gigabit optical network has reached 209 million users, with over 20,000 typical application cases. The transition to 10G networks is expected to significantly enhance network performance, with 10G speeds being substantially higher and latency reduced to one-tenth of gigabit networks [7]. - Local governments, including Beijing and Shanghai, are implementing supportive policies for the development of 10G optical network infrastructure, with specific targets set for 2025 [7]. Summary by Sections Market Performance - The report indicates a market performance trend with a range from -20% to 59% for the communication sector compared to the CSI 300 index [3]. Related Research - Several related research reports are mentioned, focusing on topics such as satellite internet, core suppliers in the optical communication sector, and the trend of transitioning from copper to optical networks [4]. Investment Recommendations - The report suggests that sectors such as optical communication, optical networks, and optical cables are likely to benefit from the 10G optical network pilot. Specific companies to watch include those involved in FTTH/FTTR, 50G-PON, and WiFi7 technologies, as well as various players in the optical communication and fiber optic cable sectors [7].