Key investment points
Strategic views of this week: 1. The National Informatization Plan of the 14th five year plan was officially released: the plan proposes that by 2025, the construction of Digital China will make decisive progress, and the informatization development level will jump sharply. The digital infrastructure system is more complete, the digital technology innovation system is basically formed, the quality and benefits of digital economic development have reached the world leading level, the construction of digital society has been steadily promoted, the construction level of digital government has been comprehensively improved, the guarantee ability of digital people’s livelihood has been significantly enhanced, and the digital development environment is becoming more and more perfect. 2. 5g network construction is further accelerated, and 5g application potential is expected to be fully released: the plan establishes “5g innovation and application project” and puts forward three specific requirements: accelerating 5g network construction, cultivating 5g technology application ecology and continuously promoting 5g technology innovation. With the acceleration of industrialization, the application potential of 5g in various fields will be fully released. 3. Data governance continues to be strengthened and data security is further strengthened: the plan emphasizes promoting the construction of collaborative innovation system of national integrated big data center, strengthening the level of data governance and utilization of data resources, and strengthening data security. The data industry is expected to develop further.
Industry Outlook: Shanghai Optical Expo in Munich in 2022 (2022.3.23-2022.3.25)
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) ; Supporting new energy: Shenzhen Envicool Technology Co.Ltd(002837) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) ; Optical modules: 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) .
Suggested 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) ; Supporting new energy: Shenzhen Honor Electronic Co.Ltd(300870) , Shenzhen Cotran New Material Co.Ltd(300731) , Shenzhen Kexin Communication Technologies Co.Ltd(300565) ; Optical modules: Eoptolink Technology Inc.Ltd(300502) , Cig Shanghai Co.Ltd(603083) , Advanced Fiber Resources (Zhuhai) Ltd(300620) , Broadex Technologies Co.Ltd(300548) ; IC carrier board / 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 (December 27, 2021 to December 31, 2021, the same below), the communication (Shenwan) index rose by 2.94%; The CSI 300 index rose 0.39% and the industry outperformed the market by 2.55pp. Recent performance of Soochow communication preferred index: it fell 2.29% this week, up 47.04% year to date, outperforming the communication Shenwan index by 43.99pp.
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.
