1. “Industry + Beidou” continues to make efforts, and policies support the vigorous development of “5g + Beidou”
1) Beidou system is rapidly infiltrating into thousands of industries. At present, it has fully served the fields of transportation, public safety, urban governance, disaster relief and disaster reduction, agriculture, forestry, animal husbandry and fishery, and the new business format of “industry + Beidou” has not decreased; “5g + Beidou” is also boosted by policies such as the 14th five year plan for the development of digital transportation, and will flourish in all regions and fields across the country. It is expected that two passengers and one danger will benefit first.
2) At present, popular Beidou applications such as Internet of vehicles, smart transportation, smart city, fine agriculture and smart grid are still in the initial stage of development, and the industry penetration is not high. However, with the completion of beidou-3 networking, the national 14th five year plan policy and financial support, and the deepening cooperation between local governments and operators, Beidou application will develop at a high speed driven by policy + technology + market.
2. Sorting out investment opportunities
1) With the beidou-3 system officially put into operation in 2020, China Spacesat Co.Ltd(600118) navigation and location service industry chain has achieved stable growth, including rapid increase in core output value such as chips, devices, software, navigation data, terminal equipment and infrastructure. Especially in the early stage of application laying, upstream chips, devices, modules and software have taken the lead in benefiting, Relevant listed companies include Chengdu Corpro Technology Co.Ltd(300101) , Piesat Information Technology Co.Ltd(688066) , Guangzhou Haige Communications Group Incorporated Company(002465) , Hwa Create Corporation(300045) .
2) With the application and promotion of Beidou 3 system, Beidou terminal upgrade is expected to bring a new round of order demand from terminal equipment manufacturers. Recently, the 14th five year plan for the development of digital transportation issued by the Ministry of communications has deeply promoted the promotion of Beidou terminals in railway, highway, water transportation, civil aviation, postal and other fields. We expect that two passengers and one danger will be the first to drive the upgrading process of Beidou terminal 3. Relevant listed companies include Guangzhou Haige Communications Group Incorporated Company(002465) , Hwa Create Corporation(300045) .
3) At present, the application of Beidou in the Internet of vehicles, rail transit, smart city and Jiangsu Nonghua Intelligent Agriculture Technology Co.Ltd(000816) industries is gradually infiltrating, especially in the field of high-precision positioning, disaster monitoring, automatic driving of agricultural machinery and other fields. The listed companies with deep cultivation of relevant applications are expected to benefit, including Beijing Bdstar Navigation Co.Ltd(002151) , Shanghai Huace Navigation Technology Ltd(300627) .
2. Communication sector view
1) Continue to focus on recommending high growth sectors such as it main equipment, communication + new energy, network security, Internet of vehicles application and military communication.
2) This week, we mainly recommend undervalued stocks: Unisplendour Corporation Limited(000938) , Jiangsu Zhongtian Technology Co.Ltd(600522) , Willfar Information Technology Co.Ltd(688100) , Black Peony (Group) Co.Ltd(600510) (acquisition of Aite energy layout thermal energy management business), Tcl Technology Group Corporation(000100) , Tianjin 712 Communication & Broadcasting Co.Ltd(603712) , Beijing Sinnet Technology Co.Ltd(300383) , Goldcard Smart Group Co.Ltd(300349) , Aisino Corporation(600271) , Hangzhou Anysoft Information Technology Co.Ltd(300571) , Zte Corporation(000063) and other companies.
3. Risk tips
The application promotion was not as expected, and the iterative upgrade of Beidou 3 was not as expected.
