Important industry trends this week:
Huawei has launched its first Hongmeng car, with multi front force and smart alliance of all things
On December 23, Huawei officially released the first Hongmeng Automobile – AITO Q & A M5. AITO brand is a smart car brand jointly built by Huawei and Thales. AITO Q & J M5 is the first car of the brand. AITO M5 is equipped with Huawei driveone pure electric drive range extension platform and harmonyos intelligent cockpit, which brings together Huawei’s industrial design, engineering technology, system software and Hongmeng ecological advantages, and will be sold in Huawei’s intelligent selection channels. In the field of intelligent vehicles, Huawei has successively launched intelligent vehicle digital platform, intelligent driving computing platform and harmony OS intelligent cockpit, providing three digital bases and development tools for intelligent vehicles. With Huawei’s entry into the automobile industry, the core competitiveness of domestic vehicle intelligent driving module is expected to be greatly improved. Combined with the user’s mental data and sales growth trend, it is expected that China’s mainstream private car manufacturers and new car manufacturing forces are expected to grow rapidly in the future.
The Ministry of industry and information technology announced the economic operation of communication industry from January to November 2021
The number of mobile 5g users expanded rapidly, and the number of 5g mobile terminal connections of the three basic telecom enterprises reached 497 million, a net increase of 298 million over the end of the previous year. In terms of broadband users, by the end of November, there were 496 million fixed Internet broadband access users with access rates of 100Mbps and above, accounting for 92.6% of the total number of users, an increase of 2.7 percentage points over the end of last year; The number of fixed Internet broadband access users with access rate of 1000Mbps and above reached 33.86 million, a net increase of 27.46 million over the end of last year.
Investment view this week:
In the short term, it is in the performance vacuum period, focusing on the high boom track and the low / undervalued value + reversal logic target. Applications in such subdivided fields as communication + energy storage / new energy, Internet of things / Internet of vehicles, cloud computing and industrial Internet have entered the stage of accelerated development, and the growth logic is clear. In the medium and long term, we will continue to pay attention to high boom segments with strong performance certainty. It is recommended to pay attention to: Internet of things / smart car, optical fiber cable / submarine cable, military communication, main equipment, video conference, IDC, operators, etc
1、 5g hardware devices:
1. Main equipment supplier: key recommendation: Zte Corporation(000063) ;
2、 Optical communication: key recommendations: Jiangsu Zhongtian Technology Co.Ltd(600522) (the marine and new energy sectors have full potential, and the business cycle of optical fiber and cable is open), Hengtong Optic-Electric Co.Ltd(600487) (dual drive of sea breeze and optical fiber and cable), Jiangsu Etern Company Limited(600105) (optical communication recovers, and the automobile harness opens the incremental space), Suzhou Tfc Optical Communication Co.Ltd(300394) (the leader of upstream devices), Zhongji Innolight Co.Ltd(300308) (the leader of global data communication optical module), Eoptolink Technology Inc.Ltd(300502) (Telecom + data communication optical module), Accelink Technologies Co.Ltd(002281) , Broadex Technologies Co.Ltd(300548) , etc. it is recommended to pay attention to: Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) (both the volume and price of optical fiber and cable), Advanced Fiber Resources (Zhuhai) Ltd(300620) , Hebei Sinopack Electronic Technology Co.Ltd(003031) , T&S Communications Co.Ltd(300570) , Cig Shanghai Co.Ltd(603083) ;
3. Switch / router (5g + Cloud Computing): attention: Unisplendour Corporation Limited(000938) , Fujian Star-Net Communication Co.Ltd(002396) , Hangzhou Anysoft Information Technology Co.Ltd(300571) ;
2、 5g application end:
1、 Internet of things / Internet of vehicles: highlights: Shenzhen Topband Co.Ltd(002139) (intelligent controller + energy storage), Fibocom Wireless Inc(300638) , Hanwei Electronics Group Corporation(300007) (combined mechanical coverage), Quectel Wireless Solutions Co.Ltd(603236) , Willfar Information Technology Co.Ltd(688100) (combined mechanical coverage), Meig Smart Technology Co.Ltd(002881) , Cubic Sensor And Instrument Co.Ltd(688665) (combined mechanical coverage), Queclink Wireless Solutions Co.Ltd(300590) ; suggestions: Skyworth Digital Co.Ltd(000810) (on-board touch screen and other business volume), Huagong Tech Company Limited(000988) (on-board sensing volume), Shenzhen Neoway Technology Co.Ltd(688159) Wenzhou Yihua Connector Co.Ltd(002897) (automobile connector + photovoltaic), Dongguan Dingtong Precision Metal Co.Ltd(688668) , Suzhou Recodeal Interconnect System Co.Ltd(688800) , Hangzhou Hopechart Iot Technology Co.Ltd(688288) ;
2. Cloud Computing: key recommendations: Kehua Data Co.Ltd(002335) (power new joint coverage), Runjian Co.Ltd(002929) (leading private communication network management and maintenance, key breakthrough in photovoltaic operation and maintenance), Beijing Sinnet Technology Co.Ltd(300383) . It is recommended to pay attention to: Unisplendour Corporation Limited(000938) , Shenzhen Envicool Technology Co.Ltd(002837) , Guangdong Aofei Data Technology Co.Ltd(300738) , Beijing Highlander Digital Technology Co.Ltd(300065) (UDC), Shanghai Athub Co.Ltd(603881) ;
3. Online office / video conference: key recommendations: Yealink Network Technology Co.Ltd(300628) (leading UC terminal solution, continuously improving product matrix), Fujian Star-Net Communication Co.Ltd(002396) (cloud office / cloud desktop, video conference), Montnets Cloud Technology Group Co.Ltd(002123) (leading rich media SMS), Bizconf Telecom Co.Ltd(300578) (video conference software and hardware layout), etc;
3、 Operators: at present, the valuation of the three major operators of Hong Kong stocks is low, the business trend is upward, and they continue to pay attention to China Mobile, China Telecom Corporation Limited(601728) , China United Network Communications Limited(600050) (Hong Kong stocks).
4、 Military communication & Beidou: communication is a serious short board in the field of national defense informatization. The penetration of ultrashort wave and area width can be improved. It is recommended to pay attention to: Guangzhou Haige Communications Group Incorporated Company(002465) , Tianjin 712 Communication & Broadcasting Co.Ltd(603712) , Jushri Technologies Inc(300762) , Shanghai Huace Navigation Technology Ltd(300627) .
Risk tip: the impact of the epidemic, the progress of 5g industry and commerce are lower than expected, the recommendation speed of downstream applications is lower than expected, and the risk of trade war is uncertain.
