通信行业周报：Manus推动AIAgent加速，兼顾基础及端侧硬件

Investment Rating - The report maintains a "Recommended" rating for the telecommunications and electronics industry, considering the sustained high prosperity of the sector driven by AI, 5.5G, and satellite communications [2][6]. Core Insights - The overall market performance for the week of March 3 to March 7, 2025, saw the Shanghai Composite Index rise by 1.56%, the Shenzhen Component Index by 2.19%, and the ChiNext Index by 1.61%. The telecommunications sector, represented by the Shenwan index, increased by 2.81% during the same period [2][10]. - Among the sub-sectors, "Other Communication Equipment" experienced the highest increase of 12.00%, while "Communication Network Equipment and Devices" faced a slight decline of 0.37% [2][13]. - Individual stock performance highlighted Yitong Technology leading with a 42.30% increase, followed by Dongsoft Carrier at 29.95% and *ST Xintong at 27.61% [2][15]. Summary by Sections Market Overview - The telecommunications sector showed a positive trend with a 2.81% increase in the Shenwan index for the week [10]. - The sub-sector "Other Communication Equipment" had the highest weekly gain of 12.00%, while "Communication Network Equipment and Devices" saw a minor decline [13]. Key Developments - Manus, a new AI agent, is designed to think and act like a human, providing practical solutions rather than just ideas. It utilizes a multi-signature system driven by independent models, distinguishing itself from simpler AI assistants [3]. - The report suggests focusing on the computing power supply chain and satellite internet, recommending stocks such as ZTE Corporation and Haige Communication [4]. Company Announcements - Key announcements in the telecommunications sector include a significant asset acquisition by Xichuang Data, with a total procurement contract amounting to approximately 3 billion RMB [28].