The prosperity of sea breeze submarine cable continues, and the voltage level of the offshore distance of the project increases
We believe that the sea breeze will continue to rise in the future, and the middle of the business cycle will run through the whole 14th Five Year Plan period. According to statistics, more than 50gw of offshore wind power projects are planned throughout the 14th Five Year Plan period. From the time dimension of carbon peak and the dimension of global market space, we believe that offshore wind power will continue to rise in the long term and is expected to reach 2030.
In addition, according to the statistics of offshore wind power projects that have recently started bidding, the far-reaching and obvious localization of Guangdong projects, as well as the trend of large-scale wind turbines, the evolution of submarine cable voltage level from 220kV + 35kV to 330kV / 500kV + 66kV may lead to the continuous increase of the proportion of submarine cable value.
Situation of submarine cable targets: Recently Jiangsu Zhongtian Technology Co.Ltd(600522) disclosed the operating data from January to February, realizing a net profit attributable to the parent company of about 800 million yuan, with a year-on-year increase of about 300% Hengtong Optic-Electric Co.Ltd(600487) disclosed the recent successful orders, with a total amount of 1.443 billion yuan and 3.042 billion yuan of orders on hand. The company operates well and is expected to continue to benefit from the development of the industry.
The eight hubs concentrate policies and resources, optimize network, energy and other supporting facilities, guide the intensive, large-scale and green development of data centers, and resolutely avoid the blind development of data centers
In the initial stage of the policy of counting from the east to the west, the 10 data center clusters planned to be set up in the eight computing hubs have delineated the physical boundary and defined the development goals of green energy conservation and shelf availability. The construction of large clusters can also reduce the data transfer delay, long-distance transmission costs, ensure energy supply and coordinate the arrangement of energy consumption indicators. Promote data circulation and value transmission between the East and the west, and drive the effective transfer of data center industry from east to west.
Through multi index constraints, promote high standards and strict requirements of clusters and minimize the start. In the future, the overall IDC industry will be further centralized, large-scale and green, and all links of the industrial chain will continue to benefit for a long time.
Benefit industrial chain and related targets of Eastern digital Western Computing:
2. Server and network equipment: Zte Corporation(000063) , Unisplendour Corporation Limited(000938) , Inspur Electronic Information Industry Co.Ltd(000977) , etc;
3. Optical fiber and cable for network infrastructure: Jiangsu Zhongtian Technology Co.Ltd(600522) , Hengtong Optic-Electric Co.Ltd(600487) etc;
4. Data communication optical module: Zhongji Innolight Co.Ltd(300308) , Eoptolink Technology Inc.Ltd(300502) , Suzhou Tfc Optical Communication Co.Ltd(300394) , Broadex Technologies Co.Ltd(300548) , Cig Shanghai Co.Ltd(603083) etc;
5. Machine room power supply, temperature control and other supporting equipment: Kehua Data Co.Ltd(002335) , Shenzhen Kstar Science & Technology Co.Ltd(002518) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) , Shenzhen Envicool Technology Co.Ltd(002837) , Guangdong Shenling Environmental Systems Co.Ltd(301018) , etc;
6. IDC operation and maintenance: Runjian Co.Ltd(002929) ;
7. Upstream PCB of server and equipment: Wus Printed Circuit (Kunshan) Co.Ltd(002463) , Shennan Circuits Co.Ltd(002916) , etc.
Risk tip: the bidding progress of Haifeng project is less than expected, the policy implementation progress is slower than expected, the industry competition is more than expected, and the downstream demand is less than expected
