華泰證券:全球AI算力側投資加碼有望驅動光通信等板塊廠商業績延續向好
華泰證券以36家A、H通信行業公司爲樣本,預計2025年一季度通信板塊合計歸母淨利潤同比增長9%,剔除三大運營商、中興通訊等權重股後,預計板塊歸母淨利潤同比增長49%。細分來看,電信運營商利潤穩健增長;光通信板塊中的頭部廠商受益於AI算力側投入加碼,400G&800G需求高增下業績有望持續兌現,此外產業鏈景氣度呈現擴散趨勢;IDC受益國內外智算中心需求增長迎來拐點;軍事通信景氣度有望修復。展望2025年二季度,華泰證券認爲,全球AI算力側投資加碼有望驅動光通信、雲網設備、IDC等板塊相關廠商業績延續向好;物聯網模組需求有望持續復甦;運營商板塊業績預計將保持穩健增長態勢。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.