通信行业周报：Deepseek服务器资源紧缺，海量应用推算力供给模式变革

Investment Rating - The report gives a "Recommended" rating for the telecommunications and electronics industry due to the sustained high prosperity of the sector, driven by AI, 5.5G, and satellite communications [2][5]. Core Insights - The overall market performance for the week (February 10-14, 2025) saw the Shanghai Composite Index rise by 1.30%, the Shenzhen Component Index by 1.64%, and the ChiNext Index by 1.88%. The Shenwan Communications Index increased by 3.01% during the same period, indicating a positive trend in the telecommunications sector [2][10]. - Within the telecommunications sub-sectors, the highest increase was seen in communication engineering and services, which rose by 10.59%. In contrast, the communication network equipment and devices experienced the largest decline, with a drop of 1.33% [2][13]. - Notable individual stock performances included Dream Network Technology, which surged by 61.10%, followed by Runjian Co. at 55.68% and Dataport at 51.89% [2][15]. Summary by Sections Market Overview - The telecommunications sector is experiencing a high level of prosperity, with significant contributions from AI, 5.5G, and satellite communications [2]. - The Shenwan Communications Index's increase of 3.01% reflects a strong market sentiment [10]. Sub-sector Performance - Communication engineering and services led the sub-sector gains with a 10.59% increase, while communication network equipment and devices saw a decline of 1.33% [13][14]. Individual Stock Highlights - Dream Network Technology, Runjian Co., and Dataport were the top performers in the telecommunications sector, with respective increases of 61.10%, 55.68%, and 51.89% [15]. Industry News - China Unicom launched its 5G-A action plan, aiming to initiate services in over 300 cities this year [17][18]. - TrendForce reported a projected 56.5% year-on-year increase in optical module shipments for 2025, indicating robust growth in the optical communications market [20]. - The Ministry of Industry and Information Technology noted a 35% year-on-year increase in 5G traffic during the Spring Festival, highlighting the growing demand for mobile internet services [21]. Company Announcements - Key announcements from telecommunications companies included stock reductions by major shareholders and performance reports indicating revenue declines for some firms [27][29].