China's 5G base station count reached 4.838 million, with CSOP YINHUA CSI 5G COMMUNICATIONS THEME ETF (03193.HK) strengthening in the afternoon session, rising over 1%.

NewTimeSpaceWire:

According to HKEX data, CSOP YINHUA CSI 5G COMMUNICATIONSWind data shows the optical module sector staged a powerful afternoon rebound! Tianfu Communication surged over 14%, Taichen Optoelectronics and Linktel Technologies jumped over 12%, while Zhongji Innolight and Eoptolink gained over 5%. CSOP YINHUA CSI 5G COMMUNICATIONS THEME ETF (03193.HK) strengthened in afternoon trading, rising over 1%. THEME ETF (03193.HK), officially known as CSOP-CICC CSI 5G Communications Theme ETF, is an exchange-traded fund listed on the Hong Kong Stock Exchange. It aims to track the performance of the CSI 5G Communications Theme Index, which selects leading companies from the Shanghai and Shenzhen A-share markets across three major segments: 5G network infrastructure construction, terminal equipment manufacturing, and application scenario development. The index covers sub-sectors including communication equipment, optical modules/optical devices, RF antennas, PCBs, cloud computing, and the Internet of Things.

The CSI 5G Communications Theme Index is a thematic index that selects 50 securities from listed companies in the Shanghai and Shenzhen markets, focusing on businesses closely related to 5G infrastructure construction, terminal equipment manufacturing, or application scenario development, to reflect the overall performance of the 5G industry.

On the news front, data released by the Ministry of Industry and Information Technology shows that as of the end of 2025, China's total number of 5G base stations reached 4.838 million, representing a net increase of 588,000 compared to the end of 2024. The number of 5G mobile phone users reached 1.204 billion, accounting for 65.9% of total mobile phone users. The continued deepening of 5G network coverage and the steady growth of infrastructure construction provide strong support for industry application expansion and the convergence of computing and networking, bolstering market confidence in the sustainable development of the 5G industry chain.

Tianfeng Securities stated that in the medium to long term, investors should continue to emphasize investment opportunities in core "AI + Overseas Expansion + Satellite" targets. Overseas AI directions such as optical modules & optical devices, and liquid cooling are worth emphasizing and remain core recommendations. Additionally, domestic computing power sectors including domestic servers, switches, AIDC, and liquid cooling are recommended for active attention. The offshore wind power industry is accelerating its domestic recovery, while overseas expansion presents favorable opportunities—investors should actively seize industry changes. (Source: Tianfeng Securities, January 20, 2026, "CPO Likely to Become the Inevitable Technical Choice for AI Interconnects")

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