通信行业报告：中天科技海缆中标海上风电项目，垣信卫星千帆星座落地马来西亚

Investment Rating - The industry investment rating is "Positive/Maintain" [1] Core Insights - The report highlights that Zhongtian Technology has won a bid for an offshore wind power project, and Yuanxin Satellite's Qianfan constellation has been established in Malaysia [1][10] - Zhongci Electronics has established a complete industrial chain for GaN communication base station RF chips, becoming a leading supplier in China [2] - Revenue forecasts for Zhongci Electronics from 2024 to 2026 are projected to be 2.589 billion, 2.719 billion, and 2.952 billion yuan, with net profits of 482 million, 514 million, and 555 million yuan respectively [2] Industry Overview - The communication industry consists of 117 listed companies, with a total market value of 48,058.54 billion yuan and a circulating market value of 17,642.53 billion yuan [3] - The average price-to-earnings (PE) ratio for the industry is 23.08 [3] Weekly Performance - During the week of February 4 to February 7, 2025, the communication index rose by 3.03%, outperforming the Shanghai Composite Index which increased by 1.63% [7][13] - Key stocks in the communication sector showed varied performance, with China Mobile down by 0.67% and ZTE Corporation up by 10.60% [20] Important Announcements - Zhizhen Technology has launched a satellite internet management system to support integrated network operations [23] - Zhongtian Technology won a bid for a 66kV submarine cable procurement project for an offshore wind power expansion [24] - Yuanxin Satellite has signed a memorandum of understanding with MEASAT in Malaysia for collaboration on low-orbit satellite constellation management [24]