Shanghai Securities research reports point out that the communication sector has achieved positive growth in revenue and net income for several consecutive years, with fundamental stability improving steadily. Continuous release of communication industry policies focusing on key national areas of strength, such as: computing infrastructure and supporting optical networks, satellite internet construction and terminal applications, internet of things technology development, and ecosystem construction, to seize industry investment opportunities. Recommendations to focus on: 1) High performance (computing power, optical modules): AI computing power drives synchronized growth in optical module demand, clear product upgrade logic, focus on: Zhongji Innolight, etc.; 2) High catalysis (satellite internet): Low-orbit satellite internet entering the network construction phase, accelerated commercialization process, focus on: Shenzhen Sunway Communication, etc.; 3) Marginal improvement (submarine cables): Smooth progress in sea cable tenders in the first half of the year, expected project approval acceleration, industry prosperity turning point approaching, focus on: Hengtong Optic-Electric, etc.; 4) High dividend yield (operators): Company operations are stable, capital expenditure reduced to improve profit levels, maintaining high dividends, focus on: China Mobile, etc.; 5) Abundant potential (6G): Accelerated driving of technical standards, clear schedule for advancement, broad prospects for commercialization in multiple fields, focus on: Fujian Star-Net Communication, etc.