On February 18, the national development and Reform Commission, the Ministry of industry and information technology, the Ministry of finance, the central bank and other 12 departments jointly issued the notice on several policies to promote the steady growth of industrial economy. The notice puts forward requirements for Beidou System in the policies on investment, foreign trade and foreign investment, starts the implementation of major projects of Beidou industrialization, and promotes the large-scale application of Beidou in major strategic areas.
Recently, Beidou industry has successively welcomed favorable policies. On January 28, the Ministry of industry and information technology issued several opinions on the promotion and application of Beidou in the field of mass consumption. The opinions made plans from the aspects of infrastructure construction, mass consumption and industrial ecology, and put forward specific goals such as cultivating more than 20 specialized and new “little giants” and expanding the application scale of vehicle terminal Beidou by the end of the 14th five year plan, which provided guidance for the sustainable and healthy development of Beidou industry in the field of mass consumption.
Beidou system is an important spatial infrastructure supporting China’s economic and social development. After the opening of Beidou No. 3 system, the scale of Beidou market has been further expanded. Ran Chengqi, director of the navigation system management office, said that Beidou application has fully served all walks of life and entered the mass consumer market, with an output value of more than 400 billion yuan in 2020. By the end of the 14th five year plan, we will strive to double the output value, break through trillion and double the global market share.
Securities Times · databao combed the list of satellite navigation concept stocks with a net profit increase of more than 25%. In terms of market performance, 29 shares have fallen by an average of 10.66% since the new year, and only 4 shares such as Shenzhen Jinjia Group Co.Ltd(002191) , Beijing Unistrong Science & Technology Co.Ltd(002383) , Navinfo Co.Ltd(002405) , Gci Science & Technology Co.Ltd(002544) have risen by more than 5%; Shanghai Hugong Electric Group Co.Ltd(603131) and Hunan Goke Microelectronics Co.Ltd(300672) retreated first, with a range of more than 30%.
In terms of rating, agencies generally pay more attention to Maxscend Microelectronics Company Limited(300782) , Shenzhen Jinjia Group Co.Ltd(002191) , Piesat Information Technology Co.Ltd(688066) and other stocks, with 25, 17 and 13 agencies participating in rating respectively. In terms of valuation, the latest overall valuation of the satellite navigation sector is 45.82 times, and the stock market earnings ratio of Xiamen Changelight Co.Ltd(300102) , Shanghai Hugong Electric Group Co.Ltd(603131) , Hangjin Technology Co.Ltd(000818) , Shenzhen Jinjia Group Co.Ltd(002191) 4 is less than 40 times.
In terms of performance, based on the median value of express data / pre increase range, the annual net profit of 9 shares doubled. The pre increase of Hunan Goke Microelectronics Co.Ltd(300672) , Hangjin Technology Co.Ltd(000818) ranks first, and the growth of net profit is expected to exceed 200%; Xiamen Changelight Co.Ltd(300102) , Kingsignal Technology Co.Ltd(300252) above 150%; The Beijing Bdstar Navigation Co.Ltd(002151) directly serving Beidou system is expected to achieve a net profit of 200 million yuan to 220 million yuan, with a year-on-year increase of 36.5% – 50.1%. The company said that the rapid growth of UAV, smart agricultural machinery, Internet of things and other markets has strong demand for positioning chips. During the reporting period, the revenue of chip and board business increased by about 44% year-on-year.
