Computing power network provides support for the development of digital economy, and “counting from the east to the west” makes good use of the situation. In the “14th five year plan” for the development of digital economy, the State Council clearly stated that by 2025, the added value of core industries of digital economy will account for 10% of GDP. At present, the global data scale is growing rapidly. The computing power network takes computing power as the core and connects users, data and services through the network. It is a key component of the new information infrastructure and is of great significance to the sustainable and healthy development of the digital economy. According to IDC’s prediction, for every 1% increase in the computing power index, the digital economy and GDP will grow by 3.3% and 1.8% respectively. In order to solve the problem of unbalanced development in the eastern and western regions of China’s digital economy, “counting from the east to the west” will promote the effective allocation of resources, form the advantage of scale agglomeration, gradually build a new integrated computing network system, and promote the coordinated and high-quality development of digital economy in the eastern and western regions.
The industrial chain of computing power network consists of upstream basic software and hardware, midstream network and platform, and downstream output and services. The construction of computing network needs software and hardware products, so the manufacturers providing chips, routers, optical modules and other equipment are the basic guarantee of the upstream of the industrial chain. The development of computing power network needs a large-scale data center to ensure the supply of computing power, and an efficient computing priority network to manage computing power. Therefore, the manufacturers responsible for IDC services, edge computing and AI computing are the key links in the middle reaches of the industrial chain. Computing network applications need to build a computing brain system to realize the integrated output and services of computing network, and explore the integration and innovation of different businesses. Therefore, manufacturers in the fields of cloud services, smart city and industrial Internet play an important role in the downstream of the industrial chain. At present, the infrastructure construction of China’s computing network industry chain is good, which complies with the development trend of environmental protection and efficiency improvement. In the future, we need to focus on the research and development of high-end chips, temperature control equipment and optical modules, and constantly expand the downstream digital application scope of computing network.
The three operators perform their respective duties and lead the computing network to maturity China Telecom Corporation Limited(601728) since 2019, it has taken the lead in the research of computing power network and continued to give play to its advantages in the field of cloud network integration. The company has formed a “2 + 4 + 31 + X + O” cloud resource layout, upgraded Tianyi cloud to a distributed cloud, and created a full stack of products and services China United Network Communications Limited(600050) in 2020, the computing power network industry technology alliance was established to tackle the key problems of computing network integrated bearer technology. At this stage, the focus of work is srv6 and IPv6 +. The company has formed a “5 + 4 + 31 + X” data center layout and has carried out the practice of computing network landing in Beijing, Hebei, Guangdong and Shandong. In 2021, China Mobile proposed to promote computing power to become a one-point access, take and use society and service, and play a pivotal role in the computing power network industry chain. On the one hand, the company makes great efforts to build a computing brain, form a “4 + 3 + X” data center layout, and promote the intelligent arrangement and unified management of computing resources and capabilities; On the other hand, the integration of innovative computing network services has created a variety of applications such as AR ice and snow town during the Beijing Winter Olympic Games, so as to promote the integration of computing network into society and people’s livelihood.
The upgrading of computing network tests computing architecture and energy efficiency. ICT equipment manufacturers have both opportunities and challenges. With the acceleration of digital intelligence transformation in various industries, the contradiction of speed mismatch between CPU and I / O equipment has gradually become prominent. ICT equipment manufacturers are facing a severe test, and the computing architecture and energy efficiency need to be adjusted and upgraded. In order to meet the needs of flexible and convenient networking, rapid service opening and Super bandwidth supply, “IPv6 +” and “all-optical base” have become the technical basis for computing network upgrading. Therefore, IPv6 + technology for 5g and cloud era will become the direction of IP network evolution. ICT equipment manufacturers need to improve the IPv6 + related capabilities such as srv6, network slicing and streaming detection. At the same time, it is imperative to promote the construction of all-optical computing network. ICT equipment manufacturers also need to rely on SDN technology to enhance the flexibility of all-optical computing network and realize the intelligence of all-optical computing network through digital twinning, electric layer scheduling and network AI.
It is recommended to pay attention to:
1) operator:
China Mobile (600941. SH): the company is the largest telecom operator in China, actively expanding 5g migration in the personal market, hdict application in the home market and contract signing of ICT projects in the government enterprise market. The official launch of the “East digital West computing” project will promote the integration and innovation of computing network services. The company’s revenue in emerging markets will reach 30.3 billion yuan in 2021, with a year-on-year increase of 34.2%. With the expansion of video, games and other applications, the future performance is expected to continue to grow.
China United Network Communications Limited(600050) ( China United Network Communications Limited(600050) . SH): the company is a leading telecom operator, with an operating revenue of 327854 billion yuan in 2021, a year-on-year increase of 6.49%. The official launch of the “East digital West computing” project will accelerate the construction of computing network integration, promote the digital transformation of “Unicom smart” brain, and the growth momentum of the company is expected to continue.
China Telecom Corporation Limited(601728) ( China Telecom Corporation Limited(601728) . SH): the company strengthened the scale and intensive development of the data center. In 2021, IDC revenue remained the first in the industry, reaching RMB 31.6 billion. The official launch of the project of “counting from the east to the west” will promote cloud network integration. Tianyi cloud is expected to continue to bring performance growth to the company while doubling its revenue in 2021.
2) ICT equipment manufacturer:
Unisplendour Corporation Limited(000938) ( Unisplendour Corporation Limited(000938) . SZ): the company is a leading enterprise in the ICT industry, with leading core technology and outstanding innovation ability. In 2021, the operating revenue of ICT infrastructure and services reached 41.348 billion yuan, a year-on-year increase of 24.81%, and ICT accounted for 61.13% of the operating revenue. The official launch of the “East digital West computing” project will drive the upgrading of computing network. It is expected that the whole stack of ICT infrastructure and services will continue to improve the company’s performance.
Risk tip: the development of digital economy is less than expected, the construction of computing network is less than expected, and the risk of policy change
