Old and new, 5g construction deepened and industrial pattern reshaped: since the issuance of 5g license on June 6, 2019, 5g network has initially achieved coverage in key cities, and the number of 5g users has increased rapidly. The share of domestic equipment manufacturers continues to increase and accelerate the upstream layout. Under the background of network upgrading, the promotion of industrial digitization is accelerated, and the demand for network security is promoted. The downstream meta universe application drives the network upgrade, and the large communication sector is expected to usher in the double rise stage of performance and valuation.
The dilemma reversed, 5g supporting demand rose, and the upstream price rise pressure slowed down: driven by 5g application, the relevant supporting demand grew steadily. In 21 years, the upstream price rise and the amplification of cost side pressure drove the accelerated clearing of production capacity and the enhancement of leading position. The reversal trend of PCB and optical fiber and cable industry in the past 22 years is expected to appear. The prosperity of military informatization is rising, and the key components of the communication terminal industry chain usher in the golden age of development.
Long term optimistic about the opportunity of 5g application terminal represented by aiot & “industrial Internet”
Equipment manufacturers: focus on recommending [ Zte Corporation(000063) ], [ Unisplendour Corporation Limited(000938) ], [ Fujian Star-Net Communication Co.Ltd(002396) ], [ Hangzhou Dptech Technologies Co.Ltd(300768) ], and pay attention to the three operators of [China Mobile], [ China Telecom Corporation Limited(601728) ], [ China United Network Communications Limited(600050) ].
Digital industry: it’s a key recommendation for the industry ”digitizdigitiz: the industry”digitizdigitiz: the industry ”s digital industry: it is a key recommendation for the [ ‘ Fibocom Wireless Inc(300638) , the [ Quectel Wireless Solutions Co.Ltd(603236) ], [ Opt Machine Vision Tech Co.Ltd(688686) ], etc.
Network security and key devices: focus on [ Hangzhou Dptech Technologies Co.Ltd(300768) ], focus on [ Sangfor Technologies Inc(300454) ], [ Beijing Zuojiang Technology Co.Ltd(300799) ], etc.
;] etc.
5g informatization and supporting facilities: focus on [ Shennan Circuits Co.Ltd(002916) ] in PCB field, pay attention to [ Shengyi Electronics Co.Ltd(688183) ], [ Zhejiang Wazam New Materials Co.Ltd(603186) ] in optical fiber cable field, [ Jiangsu Zhongtian Technology Co.Ltd(600522) ], [ Hengtong Optic-Electric Co.Ltd(600487) ], etc.
Military informatization: focus on recommending [ Unigroup Guoxin Microelectronics Co.Ltd(002049) ], [ Tianjin 712 Communication & Broadcasting Co.Ltd(603712) ], [ Guangzhou Haige Communications Group Incorporated Company(002465) ], [ Hebei Sinopack Electronic Technology Co.Ltd(003031) ], [ Beijing Zuojiang Technology Co.Ltd(300799) ], and pay attention to [ Hytera Communications Corporation Limited(002583) ], etc.
Risk tip: systematic risk of the market & unexpected Sino US science and technology friction events.
