Strategic view of this week: 1. The development of digital economy is of great significance. Many provinces and cities have planned new goals for the development of Digital Economy: the 14th five year plan for the development of digital economy has been officially issued. Many places are accelerating the deployment of new infrastructure construction and planning new goals for the development of digital economy. At the same time, they are focusing on big data, artificial intelligence, ultra-high definition video and other fields, Promote the ecological construction of digital industry. 2. Cloud merchants in North America released the new quarterly financial report, and the cloud business development trend is good: the latest quarterly financial reports of technology giants such as Google, Amazon and Microsoft have been released successively. In the process of global digital transformation, the cloud business development trend of cloud merchants in North America is good, and the downstream cloud infrastructure IDC, servers, optical modules and other manufacturers have broad development prospects. 3. Telling Telecommunication Holding Co.Ltd(000829) the scale of revenue has increased steadily and the internationalization process has moved to a new level: benefiting from rich channel resources and comprehensive industrial integration ability, the company’s revenue scale has continued to increase. On February 8, 2022, Telling Telecommunication Holding Co.Ltd(000829) issued an announcement on the completion of the settlement of the acquisition of 30% equity of Weike terminal technology (Dongguan) Co., Ltd. by Tianyin communication, a wholly-owned subsidiary. This transaction will help Telling Telecommunication Holding Co.Ltd(000829) further expand the layout of overseas markets, expand to the upstream of the mobile phone industry chain, and the internationalization process will reach a new level.
Industry Outlook: Shanghai Optical Expo in Munich in 2022 (2022.3.23-2022.3.25)
Key recommendations (covered): Meig Smart Technology Co.Ltd(002881) , Beijing Tricolor Technology Co.Ltd(603516) , Zte Corporation(000063) , China Telecom Corporation Limited(601728) , Longshine Technology Group Co.Ltd(300682) , Beijing Highlander Digital Technology Co.Ltd(300065) , Willfar Information Technology Co.Ltd(688100) , Shenzhen Envicool Technology Co.Ltd(002837) , Thunder Software Technology Co.Ltd(300496) , Suzhou Tfc Optical Communication Co.Ltd(300394) , Huagong Tech Company Limited(000988) , Shenzhen Fastprint Circuit Tech Co.Ltd(002436) , Hytera Communications Corporation Limited(002583) , China United Network Communications Limited(600050) .
Recommended (covered): Operator: China Telecom Corporation Limited(601728) , China United Network Communications Limited(600050) ; 5g main equipment: Zte Corporation(000063) , Fiberhome Telecommunication Technologies Co.Ltd(600498) , Hytera Communications Corporation Limited(002583) ; Energy Informatization: Willfar Information Technology Co.Ltd(688100) ; New energy supporting: Shenzhen Envicool Technology Co.Ltd(002837) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) ; Optical modules: Suzhou Tfc Optical Communication Co.Ltd(300394) , Huagong Tech Company Limited(000988) , Zhongji Innolight Co.Ltd(300308) , Accelink Technologies Co.Ltd(002281) ; PCB： Shenzhen Fastprint Circuit Tech Co.Ltd(002436) ； Optical fiber cable: Fiberhome Telecommunication Technologies Co.Ltd(600498) ; Internet of things / Internet of vehicles: Thunder Software Technology Co.Ltd(300496) ; IDC： Guangdong Aofei Data Technology Co.Ltd(300738) 、 Beijing Sinnet Technology Co.Ltd(300383) ； Network visualization: Shenzhen Sinovatio Technology Co.Ltd(002912) ; 5g industry private network: Hytera Communications Corporation Limited(002583) ; Cloud computing / edge computing: Ucloud Technology Co.Ltd(688158) ; Related to urban digital transformation: Iflytek Co.Ltd(002230) .
It is suggested to pay attention to (not covered): Telling Telecommunication Holding Co.Ltd(000829) , big data industry: Hcr Co.Ltd(688500) , Merit Interactive Co.Ltd(300766) , Bonree Data Technology Co.Ltd(688229) , Business-Intelligence Of Oriental Nations Corporation Ltd(300166) ; Operator: China Mobile; Server / router / switch: Unisplendour Corporation Limited(000938) , Fujian Star-Net Communication Co.Ltd(002396) , Inspur Electronic Information Industry Co.Ltd(000977) ; Energy Informatization: Beijing Forever Technology Co.Ltd(300365) ; Supporting new energy: Shenzhen Honor Electronic Co.Ltd(300870) , Shenzhen Cotran New Material Co.Ltd(300731) , Shenzhen Kexin Communication Technologies Co.Ltd(300565) ; Optical modules: Eoptolink Technology Inc.Ltd(300502) , Cig Shanghai Co.Ltd(603083) , Advanced Fiber Resources (Zhuhai) Ltd(300620) , Broadex Technologies Co.Ltd(300548) ; IC carrier board / PCB: Shennan Circuits Co.Ltd(002916) , Victory Giant Technology (Huizhou)Co.Ltd(300476) , Suntak Technology Co.Ltd(002815) ; Optical fiber and optical cable: Hengtong Optic-Electric Co.Ltd(600487) , Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) ; Internet of things / Internet of vehicles: Fibocom Wireless Inc(300638) , Quectel Wireless Solutions Co.Ltd(603236) , Shenzhen H&T Intelligent Control Co.Ltd(002402) , Shenzhen Topband Co.Ltd(002139) ; IDC: Beijing Highlander Digital Technology Co.Ltd(300065) , Shanghai Baosight Software Co.Ltd(600845) , Hang Zhou Iron & Steel Co.Ltd(600126) , Jiangsu Shagang Co.Ltd(002075) , chengdi shares, Leon Technology Co.Ltd(300603) , Century Internet and Wanguo data; Beidou: Chengdu Corpro Technology Co.Ltd(300101) , Zhuhai Orbita Aerospace Science & Technology Co.Ltd(300053) , Piesat Information Technology Co.Ltd(688066) , Shanghai Huace Navigation Technology Ltd(300627) ; Carbon neutralization: Jiangsu Zhongtian Technology Co.Ltd(600522) , Shenzhen Kstar Science & Technology Co.Ltd(002518) ; Related to urban digital transformation: Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Zhejiang Dahua Technology Co.Ltd(002236) , Vanjee Technology Co.Ltd(300552) , Pci Technology Group Co.Ltd(600728) , Vantone Neo Development Group Co.Ltd(600246) , Anhui Sinonet & Xinlong Science & Technology Co.Ltd(002298) ; LEO satellites: China Spacesat Co.Ltd(600118) , China Satellite Communications Co.Ltd(601698) , Guangzhou Haige Communications Group Incorporated Company(002465) , Shenzhen H&T Intelligent Control Co.Ltd(002402) , Hwa Create Corporation(300045) , Zhuhai Orbita Aerospace Science & Technology Co.Ltd(300053) , Gci Science & Technology Co.Ltd(002544) , Beijing Ctrowell Technology Corporation Limited(300455) , Changshu Tianyin Electromechanical Co.Ltd(300342) , Yaguang Technology Group Company Limited(300123) , Shanghai Hugong Electric Group Co.Ltd(603131) , Xingyu Wangda; HD Video: Wuhan Xingtu Xinke Electronics Co.Ltd(688081) ; Cloud computing / edge computing: Wangsu Science & Technology Co.Ltd(300017) ; Quantum information industry: Quantumctek Co.Ltd(688027) ; Small base stations: Jushri Technologies Inc(300762) , Genew Technologies Co.Ltd(688418) ; Iron tower: China iron tower; National first network: Beijing Gehua Catv Network Co.Ltd(600037) , Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) ; Industrial Internet: Foxconn Industrial Internet Co.Ltd(601138) ; Big data: Merit Interactive Co.Ltd(300766) , Huichen information; Online education: Dingli Corp.Ltd(300050) , lischen; Antenna RF: Tongyu Communication Inc(002792) , Huizhou Speed Wireless Technology Co.Ltd(300322) , Suzhou Shijia Science & Technology Inc(002796) ; Heat dissipation: Jones Tech Plc(300684) ; UWB： Haoyun Technologies Co.Ltd(300448) 。
Market review: this week (February 7, 2022 – February 11, 2022, the same below), the communication (Shenwan) index rose 2.53%; The CSI 300 index rose 0.82% and the industry outperformed the market by 1.70pp. Recent performance of Soochow communication preferred index: it rose 0.33% this week and fell 11.17% year to date, underperforming the communication Shenwan index by 5.25pp.
Risk warning: the operator’s income is lower than expected; Policy support is less than expected; The progress of 5g industry is less than expected; 5g network construction progress is less than expected.
