通信行业周报：5G、AI发展融合，有望带动通信行业快速发展-20250623

Investment Rating - The report maintains a "Recommended" investment rating for the communication industry [2][5][21] Core Insights - The integration of 5G and AI is expected to drive rapid development in the communication industry, with significant opportunities arising from the convergence of these technologies [4][19] - The 2025 MWC in Shanghai highlighted four core themes: 5G integration, AI+, industry interconnectivity, and empowering interconnectivity, showcasing the industry's challenges and opportunities [4][15] - LightCounting's report predicts a 10% quarter-on-quarter growth in optical module sales, driven primarily by 800G Ethernet modules, indicating a positive market outlook [19][21] Summary by Sections Recent Developments - The 2025 MWC showcased major advancements in AI and 5G technologies, with companies like ZTE and Huawei presenting innovative solutions for AI terminal competitiveness and mobile AI networks [4][15][18] - China Mobile launched domestically produced satellite communication chips, marking a significant breakthrough in the satellite communication core chip sector [16][17] Market Performance - The communication index rose by 1.58% from June 16 to June 20, 2025, with notable performance in communication network equipment and devices [9][21] Key Companies and Investment Opportunities - Recommended companies for investment include: - Telecom operators: China Mobile (600941.SH), China Unicom (600050.SH), China Telecom (601728.SH) [5][21] - High-end optical module manufacturers: Zhongji Xuchuang (300308.SZ), Tianfu Communication (300394.SZ), Xinyi Sheng (300502.SZ) [5][21] - Communication equipment manufacturers: ZTE (000063.SZ), Unisplendour (000938.SZ), Quectel (603236.SH) [5][21] - Commercial aerospace-related investment opportunities: China Satellite (600118.SH), Huace Navigation (300627.SZ) [5][21]