持续推动5G-A与AI网络安全

Investment Rating - Industry Rating: Recommended [5] Core Insights - The continuous advancement of 5G-A and AI technologies is expected to deeply unleash the potential of network connectivity, enabling operators to transition from a "traffic management" model to a "differentiated experience management" model [1][8] - The construction of the computing power internet experimental network aims to interconnect various computing resources, facilitating user access to computing power [1][7] Summary by Sections 1. 5G-A and AI Technology Advancement - The Ministry of Industry and Information Technology emphasizes accelerating the development of 5G-A and 6G technologies to empower modern industrial systems [1][7] - The IMT-2020 (5G) Promotion Group has identified six application scenarios for 5G-A, including immersive real-time, intelligent uplink, industrial interconnection, integrated sensing, massive IoT, and space-ground integration [7] 2. Investment Recommendations - The commercialization of 5.5G networks is expected to catalyze upstream components such as antennas, filters, high-end PCBs, and optical modules, benefiting companies like ZTE, Tongyu Communication, and others [2][8] - Continuous attention is recommended for application areas such as RedCap modules, integrated sensing, satellite communication, and XR, with potential beneficiaries identified [3][9] 3. Recent Market Views and Recommendations - The current environment shows high volatility, with wireless capital expenditures declining, but the computing power sector is expected to support performance recovery [11] - Key recommendations include focusing on computing power and communication infrastructure, optical network upgrades, and edge computing, with specific beneficiary companies listed [12][13]