Key investment points
Strategic view of this week: 1. Huawei's new product launch was held, and all things connected to experience Smart Life: on December 23, Huawei's winter flagship new product launch released new harmonyos products such as Huawei P50 pocket flagship folding screen mobile phone and Huawei smart glasses. The number of Huawei equipment equipped with harmonyos has exceeded 220 million. 2. Huawei's first Hongmeng automobile was released, and the interconnection ecology of all things went further: Huawei derived the ICT industry into the field of smart cars, and power car enterprises built smart cars. On December 23, the AITO M5, Huawei's first Hongmeng automobile, was released, equipped with Huawei driveone pure electric drive extended range platform and harmonyos intelligent cockpit. 3. Huawei's smart car partners have expanded rapidly and the industrial chain has ushered in opportunities: Huawei adheres to the development strategy of "platform + ecology", builds a cooperation ecosystem around the three platforms of idvp, MDC and harmonyos intelligent cockpit, and works with partner moped enterprises to build good cars. The cooperation with Huawei will also drive the business growth of relevant listed companies and thicken their future performance.
Industry Outlook: 2021 Munich South China Electronics Exhibition (2021.12.27-2021.12.29)
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 module: 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) .
Suggestions for attention (not covered): 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) ; new energy supporting: Shenzhen Honor Electronic Co.Ltd(300870) , Shenzhen Cotran New Material Co.Ltd(300731) , Shenzhen Kexin Communication Technologies Co.Ltd(300565) ; optical module: Eoptolink Technology Inc.Ltd(300502) , Cig Shanghai Co.Ltd(603083) , Advanced Fiber Resources (Zhuhai) Ltd(300620) , Broadex Technologies Co.Ltd(300548) ; IC carrier / PCB: Shennan Circuits Co.Ltd(002916) Victory Giant Technology (Huizhou)Co.Ltd(300476) 、 Suntak Technology Co.Ltd(002815) ； Optical fiber 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 (from December 20, 2021 to December 24, 2021, the same below), the communication (Shenwan) index fell by 2.28%; the Shanghai and Shenzhen 300 index fell by 0.67%, and the industry lost the market by 1.61pp. The recent performance of Soochow communication preferred index: this week fell by 1.27%, up 50.48% year to date, outperforming the communication Shenwan index by 30.35pp.
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.
