1、 Ministry of industry and information technology: the number of 5g mobile terminal connections is nearly 500 million, and there are 1.403 billion end users of cellular Internet of things. The Ministry of industry and information technology announced the economic operation of the communication industry from January to November 2021. Data show that by the end of November, the total number of mobile phone users of the three basic telecom enterprises had reached 1.642 billion, a net increase of 47.92 million over the end of the previous year. Among them, 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. By the end of November, the three basic telecom enterprises had developed 1.403 billion end users of the cellular Internet of things, a net increase of 268 million over the end of the previous year, of which the end users applied to smart public utilities, smart manufacturing and smart transportation accounted for 22.3%, 17.2% and 16.7% respectively.
We believe that the operator data further confirms the acceleration of 5g promotion and the high prosperity of the Internet of things industry. In 2021q3, the global cellular IOT module shipment increased by 70% year-on-year, the 5g module shipment increased by 700% year-on-year, and the Nb IOT and 4gcat1 modules grew rapidly. We believe that the IOT module industry is still in a high boom, and the industry growth is expected to exceed 70%. With the rapid promotion of 5g, equipment manufacturers are expected to benefit. It is recommended to pay attention to: Zte Corporation(000063) , Unisplendour Corporation Limited(000938) . At the same time, with the deepening of the Internet of everything, the shipment of module manufacturers is still expected to maintain rapid growth. It is recommended to pay attention to: Quectel Wireless Solutions Co.Ltd(603236) , Fibocom Wireless Inc(300638) , Meig Smart Technology Co.Ltd(002881) .
2、 Jiangsu Etern Company Limited(600105) invest 1.25 billion to build “high-end submarine cable and land cable construction project”. Jiangsu Etern Company Limited(600105) recently announced that the company plans to invest 1.25 billion yuan to build “high-end submarine and land cable construction projects”. The company signed the industrial development agreement with the Management Committee of Jiangsu TongZhou Bay River Sea linkage development demonstration zone. The company plans to use Yongding submarine cable (Nantong), a wholly-owned subsidiary, to produce a variety of submarine cables such as high voltage, ultra-high voltage, AC, DC, dynamic flexible and direct, submarine umbilical cord and so on, which are required for power transmission in far and near sea areas, so as to meet the needs of offshore wind power, offshore oil and gas The demand for submarine cables such as marine exploration supports the implementation of national double carbon goals and national strategies such as marine development. The project is expected to have an annual income of about 3 billion yuan when the investment is completed and reaches the post production stage. The project will start construction within 2 months after obtaining the sea area use certificate, and the construction period of the project is 36 months. We believe that with the determination of the “double carbon” goal and the rapid growth of offshore wind power, the demand for submarine cables continues to be high. It is recommended to pay attention to the relevant targets of submarine cables: Jiangsu Zhongtian Technology Co.Ltd(600522) , Hengtong Optic-Electric Co.Ltd(600487) .
3、 With the successful listing of Juguang technology, lidar is expected to attract market attention. Torch technology (688167. SH) on the first day of listing, the opening price of the science and Innovation Board rose by 166.87%. At present, the business of Ju Guang technology is in the upstream and midstream of the laser industry chain. The upstream of the laser industry chain covers semiconductor laser components and laser optical components, and the midstream covers photon application modules and systems including lidar emission modules. Fiber lasers and solid-state lasers are in the downstream It is widely used in processing, optical communication and lidar. Limo company, which was acquired by Ju Guang Technology in May 2017 and located in Dortmund, Germany, provides refraction micro optics and optical shaping systems for various types of lasers. The company’s product light field homogenizer is applied to the R & D projects and prototypes of major lithography machines in China, and supplied to company a, the world’s top optical enterprise, and finally applied to ASML lithography machines. In 2019, the fixed-point project of Juguang technology’s cooperation with Continental Germany changed from selling semiconductor laser components to providing lidar transmitting modules to customers. The total amount of the framework agreement is equivalent to about 400 million yuan. The IPO investment projects include Ju Guang Technology Dongguan micro optics and application projects (phase I project) and lidar launch module industrialization project. After putting into operation, 26 million laser optical components and 3.07 million lidar launch modules will be added, corresponding to an annual sales revenue of 252 million yuan and 298 million yuan. We believe that the successful listing of torch technology is expected to increase the attention of lidar market. We suggest to pay attention to: Optowide Technologies Co.Ltd(688195) , Advanced Fiber Resources (Zhuhai) Ltd(300620) , Suzhou Tfc Optical Communication Co.Ltd(300394) 。
Industry highlights
1. Hengtong Optic-Electric Co.Ltd(600487) won the bid for centralized procurement of power cables by China Mobile, with an amount of 1.937 billion yuan
Hengtong Optic-Electric Co.Ltd(600487) subsidiary won the bid for communication power cable and construction 380V power cable in the project of “centralized procurement of power cable products from 2022 to 2023” of China Mobile Communication Co., Ltd. China Mobile’s communication power cable project of centralized procurement of power cable products from 2022 to 2023, with a procurement scale of 53.24 million meters, and Hengtong cable’s winning share of 40%, The bid winning amount is about 1.769 billion yuan (excluding tax). The 380V power cable project for construction for centralized procurement of power cable products by China Mobile from 2022 to 2023 has a procurement scale of 2.91 million meters, with Hengtong power cable winning share of 40%, and the bid winning amount is about 168 million yuan (excluding tax).
2. CITIC mobile submitted the IPO application of the science and Innovation Board: it plans to raise 4 billion yuan
CITIC mobile submitted a prospectus to prepare for listing on the science and innovation board. CITIC mobile plans to raise 4 billion yuan, of which 2.28 billion yuan is used for 5g wireless system product upgrading and technology evolution R & D projects, 420 million yuan is used for 5g industry private network and intelligent application R & D projects, 300 million yuan is used for 5g integrated antenna and new indoor equipment R & D projects, and 1 billion yuan is used to supplement working capital. Prior to the IPO, CITIC mobile completed two rounds of a and B financing totaling more than 6 billion yuan. The investors include strategic investors such as Hubei Yangtze River economic belt industry guidance fund, Hubei science and technology investment group, Wuhan industrial development investment fund, CDB finance, national dispatching fund, Guangzhou Yuexiu Financial Holdings Group Co.Ltd(000987) , Unicom capital, etc. In the first half of this year, the revenue of CITIC mobile was 1.457 billion yuan, the net loss was 635 million yuan, and the net loss after deduction was 620 million yuan.
3. Hytera Communications Corporation Limited(002583) won a contract order for 140 million digital trunking system from a customer in Africa
Recently, Hytera Communications Corporation Limited(002583) signed a contract with a government department in Africa for the overall solution of digital trunking system, mainly to build a special communication digital trunking system for the customer, with a project amount of about 140 million yuan. With the gradual recovery of daily activities in various countries and regions, customers’ budgets in the field of dedicated communication will be gradually released, and the company’s overseas accumulated business will be gradually implemented. The total contract amount is about 140 million yuan, accounting for 2.30% of the audited operating revenue in Hytera Communications Corporation Limited(002583) 2020.
Recommended combination
Recommended this week: 5g construction leader [ Zte Corporation(000063) ]; US sanctions upgrade domestic substitution acceleration and warming of super SIM card sales [ Unigroup Guoxin Microelectronics Co.Ltd(002049) ]; Benefiting from the rapid growth of intelligent controller industry [ Shenzhen Topband Co.Ltd(002139) ]; Fast and large-scale [ Fibocom Wireless Inc(300638) ] and [ Meig Smart Technology Co.Ltd(002881) ] of IOT module; Beidou industry solution leader [ Shanghai Huace Navigation Technology Ltd(300627) ]; Benefit from the explosion of energy storage and charging charges [ Longshine Technology Group Co.Ltd(300682) ].
Long term recommendation: 5g main equipment and infrastructure: Zte Corporation(000063) , China iron tower; Optical communication: Suzhou Tfc Optical Communication Co.Ltd(300394) , Zhongji Innolight Co.Ltd(300308) , Eoptolink Technology Inc.Ltd(300502) , Accelink Technologies Co.Ltd(002281) , Broadex Technologies Co.Ltd(300548) ; Advanced Fiber Resources (Zhuhai) Ltd(300620) ； Optowide Technologies Co.Ltd(688195) ； Radio frequency: Guangdong Shenglu Telecommunication Tech.Co.Ltd(002446) ; Benefit flow explosion: Fujian Star-Net Communication Co.Ltd(002396) , New Guomai Digital Culture Co.Ltd(600640) , Wangsu Science & Technology Co.Ltd(300017) ; Internet of things: Quectel Wireless Solutions Co.Ltd(603236) , Fibocom Wireless Inc(300638) , Meig Smart Technology Co.Ltd(002881) , Hanwei Electronics Group Corporation(300007) , Queclink Wireless Solutions Co.Ltd(300590) . IDC direction: Beijing Sinnet Technology Co.Ltd(300383) , Shanghai Athub Co.Ltd(603881) , Shanghai Baosight Software Co.Ltd(600845) , Guangdong Aofei Data Technology Co.Ltd(300738) ; 5g messages: Montnets Cloud Technology Group Co.Ltd(002123) , Zjbc Information Technology Co.Ltd(000889) , Wutong Holding Group Co.Ltd(300292) ; Industrial Internet: Business-Intelligence Of Oriental Nations Corporation Ltd(300166) ; Intelligent controller: Shenzhen H&T Intelligent Control Co.Ltd(002402) , Shenzhen Topband Co.Ltd(002139) . Energy storage is related to new energy: Jiangsu Zhongtian Technology Co.Ltd(600522) , Hengtong Optic-Electric Co.Ltd(600487) , Kehua Data Co.Ltd(002335) , Longshine Technology Group Co.Ltd(300682) .
Risk statement
(1) Systemic risk caused by the unexpected decline of the market;
(2) Focus on the uncertainty risk of promoting relevant matters of the company.
