Core view
The significance of communication industry to national security. (1) Demand for localization of key components: China Telecom Corporation Limited(601728) equipment manufacturers are highly dependent on foreign countries. In the field of telecommunications equipment manufacturing, the sanctions imposed by the United States have a serious impact on leading manufacturers Zte Corporation(000063) and Huawei. (2) Infrastructure demand: the country is accelerating the construction of a national integrated big data center system, strengthening computing power, overall planning and intelligent dispatching, and building a national hub node. The construction of infrastructure in the data center calls for more comprehensive security needs. (3) Demand for private network communication: China is one of the countries most seriously affected by natural disasters in the world. Therefore, it is very important to establish and improve the emergency communication support system to ensure that the disaster area can maintain smooth information contact with the outside world in case of disaster.
Security planning and solutions related to the 14th five year plan in the communication field. (1) Strive to improve the network infrastructure protection and network data security system. (2) Continue to promote the security management level of new digital infrastructure. In terms of promoting the security management level of new digital infrastructure, it mainly focuses on 5g security, industrial Internet security, forward-looking technology application security and other fields. (3) Accelerate the deployment of private networks. In terms of accelerating the deployment of private networks, the policy focuses on satellite communications, land and sea cable communications, emergency communications and other fields.
Outlook key areas. (1) Safety of communication equipment: localization of key components. The key to ensure 5g and other communication security lies in the localization and substitution of key components such as chips. At this stage, the head communication equipment manufacturers have realized the localization of some communication chips. During the 14th Five Year Plan period, the localization of 5g and other key communication equipment will continue to deepen. (2) Network security. In terms of network visualization, with the drive of traffic, the scale and structure of network infrastructure are becoming more and more complex, and the diversity of content is highlighted. In the future, the complexity of communication network security system will gradually increase. In terms of quantum communication, in the future, the state will gradually improve the top-level design in the field of quantum technology, and China's quantum technology industry is expected to develop rapidly. (3) Private network communication security. As communication enters the 5g era, some government and enterprise customers want to obtain all the control, high reliability, security and privacy of 5g network. 5g private network provides the freedom of enterprise customized network, which can provide different configurations according to the place of use and work type, and the technology of private network communication will continue to iterate. In addition, under the guidance of the industrial Internet security standard system, the security protection ability of industrial Internet enterprises will be continuously optimized, which plays an important supporting role in the high-quality development of the network security industry.
Investment proposal and investment object
The security plan in the communication field of the 14th five year plan will be continuously optimized around 5g security, network security, private network communication security, industrial Internet Security and other sub scenarios. It is suggested to pay attention to the localization manufacturers of key communication components Zte Corporation(000063) ( Zte Corporation(000063) , buy), Unisplendour Corporation Limited(000938) ( Unisplendour Corporation Limited(000938) , not rated); Network visualization supplier Shenzhen Sinovatio Technology Co.Ltd(002912) ( Shenzhen Sinovatio Technology Co.Ltd(002912) , not rated), Embedway Technologies (Shanghai) Corporation(603496) ( Embedway Technologies (Shanghai) Corporation(603496) , not rated); Quantum communication service provider Quantumctek Co.Ltd(688027) ( Quantumctek Co.Ltd(688027) , not rated); The supplier of the Internet communication supplier for the private network communication, the supplier of the private network communication supplier Hytera Communications Corporation Limited(002583) ( Shanghai Baosight Software Co.Ltd(600845) , not rated), Inspur Electronic Information Industry Co.Ltd(000977) ( Inspur Electronic Information Industry Co.Ltd(000977) , not rated).
Risk tips
Localization substitution is less than expected; Downstream demand risk; Raw material risk
