Guoyuan Securities·2025-03-17 09:41Investment Rating - The report gives a "Recommended" rating for the telecommunications and electronics industry due to the sustained high prosperity of the telecommunications sector, driven by AI, 5.5G, and satellite communications [2][6]. Core Insights - The overall market performance for the week of March 10-14, 2025, saw the Shanghai Composite Index rise by 1.39%, the Shenzhen Component Index by 1.24%, and the ChiNext Index by 0.97%. The telecommunications sector, represented by the Shenwan Communications Index, increased by 0.60% [2][11]. - Within the telecommunications sector, the highest increase was seen in the communication cables and accessories sub-sector, which rose by 5.29%. Conversely, the communication terminals and accessories sub-sector experienced a slight decline of 0.14% [2][14]. - Notable individual stock performances included Feiling Kesi with a rise of 24.53%, *ST Xintong at 22.32%, and Jiahuan Technology at 18.95% [2][16]. Summary by Sections Market Overview - The telecommunications sector is experiencing a high level of prosperity, with significant contributions from advancements in AI, 5.5G, and satellite communications [2]. - The global Fixed Wireless Access (FWA) market is projected to grow by 33% in 2025, reaching a size of $72 billion, driven by operators in the U.S. and India focusing on cost-effective deployment strategies [18]. Sub-sector Performance - The communication cables and accessories sub-sector led the weekly gains with a 5.29% increase, while the communication terminals and accessories sub-sector saw a minor decline [14][15]. Key Company Announcements - ZTE Corporation is set to hold its annual shareholder meeting on March 28, 2025, with a stock registration date of March 20, 2025 [23]. - The report highlights the successful launch of the 15th communication technology test satellite, which aims to validate multi-band and high-speed communication technologies [19][20]. Investment Recommendations - Recommended stocks in the computing power sector include ZTE Corporation, Zhongji Xuchuang, and Xinyi Technology. For satellite communications, recommended stocks include Haige Communication and China Telecom [4].