两会“爆款”主题面面观之6G主题推荐

Group 1 - The report emphasizes the importance of 6G as a key investment theme, highlighting its potential to become a "blockbuster" topic in the market due to its first-time mention in the government work report and its expected performance in 2025 [1][35][59] - The report identifies four quantitative dimensions for selecting themes: prioritizing first-time mentioned themes, passing the Q1 2025 performance test, having current performance support, and ideally showing expectations for sustained performance growth [3][26][31] - The anticipated performance growth post the two sessions is expected to support dynamic valuation expansion, allowing themes to break through valuation constraints and achieve excess returns [21][22] Group 2 - 6G is defined as the sixth generation of mobile communication technology, aiming for high speed, low latency, large-scale IoT connectivity, and integration across air, land, and sea, thus promoting a fully connected world [4][36] - The report outlines that 2025 will be a pivotal year for 6G standard formulation, with commercial applications expected to begin after 2029, supported by numerous policies and industry catalysts [4][57] - The 6G industry chain includes upstream components, base station construction, and downstream applications such as smart cities, intelligent manufacturing, and remote healthcare, indicating a broad market potential [42][43] Group 3 - Investment recommendations focus on key areas such as satellite internet, core technology segments like chips and antennas, major telecom operators, and intersections with emerging applications like low-altitude economy and smart driving [5][59] - The report highlights the rapid commercialization of satellite internet, with domestic mobile devices already supporting satellite communication, and ongoing international collaborations [47][50] - The anticipated growth in terminal connections and data traffic by 2040 is projected to reach 121.6 billion devices and 58.55 trillion GB monthly, indicating significant market expansion for 6G [39][44]