A Huatai Securities research report shows that, based on a sample of 131 listed companies in the communications sector, in the third quarter of 2026, the communications industry's total revenue and net profit attributable to parent company rose 13.05% and 15.17% year-on-year, respectively, extending an overall trend of steady growth. By segment, leading manufacturers in optical modules, optical chips, optical devices, and optical fiber and cable continued to generate AI-related net profit attributable to parent company, while revenue from ICT equipment, IDC, copper connection, and liquid cooling manufacturers grew steadily. Looking ahead to the fourth quarter of 2026 and into 2027, Huatai Securities believes that rising global investment in AI computing power is expected to sustain strong profit growth in the optical communication sector; the ICT equipment sector is expected to benefit from the ramp-up of domestic super nodes, with profitability improving; the liquid cooling sector may enter a period of overseas performance realization in the fourth quarter; and the copper connection sector is expected to continue releasing production capacity and to achieve growth in net profit attributable to parent company.