通信行业跟踪报告：利润端近半数公司同比转好，行业整体有望大幅增长

Investment Rating - The report maintains an "Outperform" rating for the communication industry, indicating an expected relative increase of over 10% compared to the broader market in the next six months [31]. Core Insights - The communication industry is projected to experience significant growth, with nearly half of the companies reporting improved year-on-year profits. The total net profit for the 79 companies in the SW communication sector is estimated to be 5.659 billion yuan, reflecting a year-on-year increase of 85.65% [14][18]. - The report highlights that the performance forecast disclosure rate for the SW communication industry stands at 58.96%, which is higher than the overall A-share market disclosure rate of 52.20% [6][8]. Summary by Sections 1. Performance Forecast Disclosure Rate - The SW communication industry has a disclosure rate of 58.96%, with 79 companies reporting their 2023 performance forecasts, surpassing the overall A-share market [6][8]. - The disclosure rates for different boards are as follows: Main Board 61.67%, ChiNext 62.50%, Sci-Tech Innovation Board 50.00%, and North Exchange 0.00% [8][10]. 2. Profit Improvement - Nearly half of the companies in the SW communication sector reported improved net profits year-on-year, with 38 out of 79 companies showing positive trends, resulting in an overall profit improvement rate of 48.10% [12][14]. - The total net profit for the sector is projected to be 5.659 billion yuan, with a significant increase driven by major companies [14][18]. 3. Net Profit and Non-Recurring Profit Growth - The estimated non-recurring net profit for the SW communication industry is approximately 3.987 billion yuan, reflecting a year-on-year increase of 440.61% [18][24]. - Key companies contributing to this growth include Tongding Interconnection, Hengshi Technology, and others, with significant improvements in their financial performance [24][28]. 4. Investment Recommendations - The report suggests focusing on sectors benefiting from the demand for data elements and AI models, particularly in areas such as operators, equipment manufacturers, optical modules, and data centers [28].