Investment Rating - The report maintains a "Recommendation" rating for the communication industry, expecting the industry index to outperform the benchmark index by more than 5% in the next 3-6 months [27]. Core Insights - The communication industry has shown a significant increase of 64.09% year-to-date, outperforming the Shanghai and Shenzhen 300 index by 49.68 percentage points [8][9]. - Huawei's recent announcements at the All-Connect Conference focus on "super nodes + cluster scaling" and self-developed HBM technology, aiming to meet the demands of large model training and inference [15][16]. - The successful launch of the satellite internet technology test satellite indicates a growing opportunity in the satellite industry chain, with a recommendation to focus on key players in the satellite communication sector [20]. Summary by Sections Industry Overview - The communication industry consists of 123 listed companies with a total market capitalization of approximately 49,248.97 billion and a circulating market value of about 23,006.93 billion [3]. - The industry has ranked 9th in weekly performance among all primary sectors, while it ranks 1st for the year [9]. Stock Performance - The communication sector's absolute performance over the past month, six months, and twelve months is 8.7%, 18.6%, and 30.5% respectively, with a relative performance of 4.9%, 11.2%, and 13.5% [4]. - The top five gainers in the communication sector this week include Dekeli (+59.09%), Junsheng Electronics (+44.25%), and Changfei Fiber (+35.07%) [12]. Key Recommendations - Key operators recommended include China Mobile, China Telecom, and China Unicom [21]. - In the satellite communication sector, recommended companies include Haige Communication, Shanghai Hanhua, and Qiyi Two [21]. - The report suggests focusing on companies in the domestic computing power sector, such as Huawei, Alibaba, and Cambrian [17].