Dongxing Securities·2025-03-03 14:32Investment Rating - The report maintains a "Positive" investment rating for the communication industry [1] Core Insights - Alibaba has announced the open-source release of its video generation model, Wanxiang 2.1, which supports both text-to-video and image-to-video tasks, available for global developers [9][22] - Wuhan Anpai Optoelectronics is set to mass-produce a 3.2T ultra-high-speed optical module chip, showcasing advancements in the optical module market [9][22] - The first commercial underwater data center project in China has officially launched in Hainan, marking a significant breakthrough in the integration of marine technology and the digital economy [9][23] Summary by Sections Weekly Overview - During the week of February 24 to February 28, 2025, the communication index (Shenwan) fell by 9.64%, while the Shanghai Composite Index decreased by 1.72% [3][12] - The top three performing Shenwan primary industries were steel (+3.18%), real estate (+2.22%), and food and beverage (+1.77%) [15] Key Stocks Performance - Key communication stocks during the same week showed varied performance: China Mobile (-2.63%), ZTE Corporation (+19.67%), Zhongtian Technology (+7.73%), Shanghai Hanxun (+5.08%), and Zhongji Xuchuang (+9.05%) [19][20] Industry News Highlights - Alibaba's open-source video generation model, Wanxiang 2.1, is based on the Apache 2.0 license and includes all inference code and weights for two parameter specifications [22] - Wuhan Anpai Optoelectronics is preparing for the mass production of its 3.2T ultra-high-speed optical module chip, aiming to enhance production yield from 90% to 97% [22] - The Hainan Underwater Intelligent Computing Center has been inaugurated, capable of housing over 400 high-performance servers, with computational power equivalent to approximately 30,000 high-end gaming computers [23] Industry Fundamentals - The communication industry comprises 117 listed companies, with a total market value of approximately 48,499.24 billion and a circulating market value of about 22,364.87 billion [5] - The average price-to-earnings (PE) ratio for the industry stands at 23.19 [5]