【兴证通信】通信行业周报：通信一季报经营前瞻

Investment Rating - The report maintains an "Overweight" rating for the communication industry, with specific companies recommended for "Increase" [1][4]. Core Insights - The communication sector is expected to maintain high prosperity in Q1 2024, particularly in the optical module segment, driven by AI advancements and demand recovery in related industries [2][7]. - The report highlights the recovery trends in high-speed connector industries and unified communication sectors, with significant growth anticipated in IDC-related firms due to AI chip and application upgrades [2][3][8]. - The demand for optical modules is projected to increase, especially with the release of 800G optical modules, benefiting leading companies like Zhongji Xuchuang [2][7]. - The report emphasizes the importance of hardware infrastructure in supporting the development of large AI models, which in turn drives demand for optical modules and related components [2][7]. Summary by Sections Weekly Investment Outlook - The communication sector saw a decline of 1.79% during the week of April 1-7, 2024, while the overall market indices showed positive growth [2]. - The optical module and high-speed connector industries are expected to continue their recovery, with unified communication inventory levels improving [2][7]. Industry Dynamics - The report notes that the unified communication industry is gradually recovering from inventory depletion, with companies like Yilian Network expected to see growth in their product lines [3][8]. - The IDC sector is poised for growth, driven by increased demand for liquid cooling solutions and the rise of AI applications [3][8]. Major Events - Key companies recommended for investment include Tianfu Communication, Zhongji Xuchuang, Xinyi Sheng, Ding Tong Technology, and Huace Navigation [4][9].