Group 1 - The core viewpoint is that the telecommunications sector's performance forecasts are gradually being disclosed, and the long-term upward trend of the industry remains unchanged [1] - The industry is experiencing a continuous optimization of customer structure and an expected strengthening of order traction due to the ongoing overseas rollout of 800G and accelerated introduction of 1.6T [1] - Major companies like Google are maintaining high capital expenditures and hardware iterations, driving explosive growth in related MPO businesses [1] Group 2 - The Ministry of Industry and Information Technology has issued an action plan to promote the high-quality development of industrial internet platforms, aiming for a platform penetration rate of over 55% by 2028 [1] - The communication ETF (515880) has seen a remarkable annual increase of 125.81% in 2025, ranking first in the market, with a scale of 14.15 billion yuan as of January 19, 2025 [2] - As of December 22, 2025, the communication ETF's optical module content accounted for over 48%, with nearly 20% from servers, indicating a strong fundamental backing for overseas computing power [1][2]