通信行业周报：三大运营商全面接入DeepSeek，欧盟官宣AI超级工厂计划-20250319

Investment Rating - The industry investment rating is "Maintain Buy" [7] Core Views - The three major telecom operators have fully integrated with DeepSeek, which is expected to enhance the valuation of the operators [12][27] - The EU has announced the AI Super Factory plan, which is anticipated to benefit the computing power sector [13][27] - Shandong province has initiated a pilot program for 10G optical networks, which is likely to benefit related sectors [14][28] Summary by Sections 1. Core Views and Investment Recommendations - Telecom operators are expected to benefit from the full integration with DeepSeek, enhancing their valuation [12][27] - The EU's InvestAI plan aims to mobilize €200 billion (approximately ¥1.5 trillion) for AI investments, with a new €20 billion (approximately ¥151.4 billion) fund to establish AI super factories [13][27] - Shandong's pilot program for 10G optical networks focuses on residential, industrial, and park applications, aiming for a robust digital infrastructure [14][28] 2. Market Review - The A-share Shenwan Communication Index rose by 3.01%, outperforming the CSI 300 Index by 1.82 percentage points [16] - The communication services sector saw a significant increase of 9.74%, while the communication equipment sector experienced a decline of 0.49% [18][21] 3. Investment Recommendations - Positive outlook for the optical module, telecom operator, and communication equipment sectors [15] - Recommended stocks include Zhongji Xuchuang, Tianfu Communication, and Xinyisheng for optical modules; China Mobile, China Telecom, and China Unicom for telecom operators; ZTE and Unisplendour for communication equipment [15] 4. Industry News - The three major telecom operators have fully integrated with DeepSeek, enhancing their capabilities in various applications [27] - The EU's InvestAI plan aims to create the largest public-private partnership for AI development [27] - Shandong's pilot for 10G optical networks is set to enhance digital infrastructure and economic integration [28] 5. Company Dynamics - China Unicom launched its 5G-A action plan, focusing on enhancing network capabilities and service innovations [29] - Zhaochi Co. has registered a subsidiary in Singapore, aiming to expand its global market presence [30] 6. Company Announcements - Dongguan Mingpu Optical Magnetic Co. obtained four invention patents [32] - Guanghe Communication completed the repurchase and cancellation of restricted stocks [32]