Important industry trends this week:
The central network and Information Technology Commission issued the National Informatization Plan for the 14th five year plan (5g industrial network)
Among the main indicators of informatization development in the 14th five year plan, the growth rate of 5g application penetration rate is the largest: compared with 2020, the 5g user penetration rate in 2025 will be significantly increased by 41 percentage points to 56%; The number of optical fiber access users with the speed of 1000m and above has increased by more than 8 times, reaching 60 million.
Omdia report: the number of global Gigabit broadband users will increase significantly to 50 million in 2022 (c114 communication network)
According to the latest report of market research company omdia, it is expected that the number of global Gigabit broadband subscribers will jump to 50 million by 2022, more than double the 24 million by the end of 2020.
Internet of things has become an important productive force to promote economic development (c114)
Driven by the new generation of information technology, China has taken the lead in the world in the infrastructure construction and application exploration experiment of the Internet of things. At present, 1.2 million 5g base stations of the Internet of things have been built. At present, there are more than 650000 Internet of things related enterprises in China. From 2016 to 2020, the five-year compound growth rate reached 45.9%.
Investment view this week:
Looking forward to 2022, we believe that we should focus on the high boom track and the low / undervalued value + reversal logic target. Key focus: applications in subdivided fields such 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 network
1. Main equipment supplier: key recommendation: Zte Corporation(000063) ;
2. Optical fiber and optical cable: key recommendations: Jiangsu Zhongtian Technology Co.Ltd(600522) (Marine and new energy sectors have full potential, and the business cycle of optical fiber and optical cable starts), Hengtong Optic-Electric Co.Ltd(600487) (sea breeze + dual drive of optical fiber and optical cable), Jiangsu Etern Company Limited(600105) (optical communication recovers, and automobile harness opens incremental space). It is recommended to pay attention to: Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) (both volume and price of optical fiber and optical cable rise);
3. Optical module & optical device: Zhongji Innolight Co.Ltd(300308) (global digital communication optical module leader), Eoptolink Technology Inc.Ltd(300502) (Telecom + digital communication optical module), Suzhou Tfc Optical Communication Co.Ltd(300394) (upstream device leader, Accelink Technologies Co.Ltd(002281) , Broadex Technologies Co.Ltd(300548) , Advanced Fiber Resources (Zhuhai) Ltd(300620) , Hebei Sinopack Electronic Technology Co.Ltd(003031) , T&S Communications Co.Ltd(300570) , Cig Shanghai Co.Ltd(603083) )
2、 5g application end:
1. Internet of things / Internet of vehicles: key recommendations: Shenzhen Topband Co.Ltd(002139) (intelligent controller + energy storage), Fibocom Wireless Inc(300638) , Hanwei Electronics Group Corporation(300007) (mechanical joint coverage), Queclink Wireless Solutions Co.Ltd(300590) , Quectel Wireless Solutions Co.Ltd(603236) , Willfar Information Technology Co.Ltd(688100) (mechanical joint coverage), Meig Smart Technology Co.Ltd(002881) , Cubic Sensor And Instrument Co.Ltd(688665) (mechanical joint coverage); It is suggested to pay attention to: 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. 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、 Communication + energy:
1. Sea breeze submarine cable: Jiangsu Zhongtian Technology Co.Ltd(600522) (the ocean and new energy sectors have full potential, and the business cycle of optical fiber and cable has started), Hengtong Optic-Electric Co.Ltd(600487) (sea breeze + optical fiber and cable dual drive)
2. IDC: 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) ;
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.
