[Zhou’s investment view]:
(1) according to GWEC data, in 2021, the installed capacity of global offshore wind power increased by 21.1gw, with a year-on-year increase of 247.61%. China accounted for 80.02% of the world, with a total of 26.98gw. It has become the world’s first offshore wind power market. According to the incomplete statistics of Polaris wind power generation network, during the “14th five year plan” period, the planned total installed capacity of offshore wind power in China will exceed 100gw, and the long-term development space of Haifeng track is broad. As the core link of Haifeng industrial chain, submarine cable has the characteristics of high competition barriers and stable competition pattern. The demand for high-voltage submarine cable by far-reaching offshore development has increased, bringing new opportunities for “simultaneous rise in volume and price” to the submarine cable industry, and the core leaders are expected to benefit, Key recommendations [ Jiangsu Zhongtian Technology Co.Ltd(600522) ]; Focus on [ Ningbo Orient Wires & Cables Co.Ltd(603606) ], [ Hengtong Optic-Electric Co.Ltd(600487) ], etc;
(2) the Ministry of industry and information technology and other six departments jointly issued the guiding opinions on promoting the high-quality development of petrochemical and chemical industry in the 14th five year plan, which proposed to accelerate the transformation and upgrading of traditional industries through digital transformation and intelligent manufacturing upgrading, promote the development of intelligent manufacturing both by policy and industry, and have a broad development space for intelligent manufacturing in the double carbon era. Key recommendations: [ Shanghai Baosight Software Co.Ltd(600845) ], [ Zhejiang Supcon Technology Co.Ltd(688777) ], [ Beijing Kingsoft Office Software Inc(688111) ], [ Nancal Technology Co.Ltd(603859) ], [ Guangzhou Sie Consulting Co.Ltd(300687) ], etc;
(3) according to the revenue data of aspeed in March, it increased by 66% year-on-year and 30% month on month. It is suggested to pay attention to the recovery opportunities of the cloud industry chain.
[Industrial Dynamics & investment perspective]:
[offshore wind power] the global sea breeze has increased to a new high, and China has leapt to the first market of sea breeze. According to GWEC’s 2022 global offshore wind power report, in 2021, the global offshore wind power installed capacity increased by 21.1gw, with a year-on-year increase of 247.61%. China’s new installed capacity accounted for 80.02% of the world, with a total of 26.98gw, surpassing the UK as the world’s first offshore wind power market. According to the incomplete statistics of Polaris wind power generation network, during the 14th Five Year Plan period, the total installed capacity of offshore wind power in China exceeded 100gw, and offshore wind power planning and support policies have been issued in coastal areas across the country. At the same time, with the gradual reduction of offshore wind turbine prices and construction costs, China’s offshore wind power is expected to usher in explosive development during the 14th Five Year Plan period. As an important part of the offshore wind industry chain, submarine cable has a large market space, With strong development certainty, high industrial barriers, obvious first mover advantages and stable competition pattern, we should pay attention to the investment opportunities of leading enterprises. Key recommendations: [ Jiangsu Zhongtian Technology Co.Ltd(600522) ]; Key concerns: [ Ningbo Orient Wires & Cables Co.Ltd(603606) ], [ Hengtong Optic-Electric Co.Ltd(600487) ], etc.
[intelligent manufacturing] the policy guides the development of petrochemical and chemical industry, and intelligent manufacturing promotes the development of process industry to high quality. On April 7, six departments including the Ministry of industry and information technology jointly issued the guiding opinions on promoting the high-quality development of petrochemical and chemical industry in the 14th five year plan, proposing to accelerate the transformation and upgrading of traditional industries through digital transformation and intelligent manufacturing upgrading. Intelligent manufacturing has been able to play an obvious role in improving quality and efficiency, and has become an important way for China’s traditional industries to move forward to high-quality development. At present, China’s manufacturing industry is at a historical moment of high-quality development. Policies and industries promote the development of intelligent manufacturing, and the superposition of double carbon policies accelerate the transformation of automation equipment and digitization in the manufacturing industry. There is a broad space for the development of Intelligent Manufacturing in the future. Key recommendations: [ Shanghai Baosight Software Co.Ltd(600845) ], [ Zhejiang Supcon Technology Co.Ltd(688777) ], [ Beijing Kingsoft Office Software Inc(688111) ], [ Nancal Technology Co.Ltd(603859) ], [ Guangzhou Sie Consulting Co.Ltd(300687) ], [ Unisplendour Corporation Limited(000938) ], [ Zte Corporation(000063) ], etc.
[sector trend]: this week (4.4-4.8), in the Shenwan industry, the communication (Shenwan) index fell by 3.36%, ranking first in the TMT sector, with a dynamic P / E ratio of 35.15 and second in the TMT sector. In terms of net inflow of LST, the top five inflow include China United Network Communications Limited(600050) (14220000 shares), Pci Technology Group Co.Ltd(600728) (232 million shares), Wangsu Science & Technology Co.Ltd(300017) (2070000 shares), Business-Intelligence Of Oriental Nations Corporation Ltd(300166) (2030000 shares), Jiangsu Shagang Co.Ltd(002075) (1770000 shares); In terms of net outflow of LST, the top five outflows include Foxconn Industrial Internet Co.Ltd(601138) (- 8.32 million shares), Beijing Jetsen Technology Co.Ltd(300182) (- 7.88 million shares), Sumavision Technologies Co.Ltd(300079) (- 7.5 million shares), Addsino Co.Ltd(000547) (- 4.65 million shares), and Ningbo Joyson Electronic Corp(600699) (- 3.42 million shares).
Highlights of the week focus on the focus of the week’focus of the focus of the week for the focus of the focus of the focus of the week of ” ” , Shenzhen H&T Intelligent Control Co.Ltd(002402) , China Mobile, etc.
[key company] the industrial Internet / intelligent manufacturing of [key company] the industrial Internet of the [key company] industrial Internet / intelligent manufacturing ( Shanghai Baosight Software Co.Ltd(600845) \ , Unisplendour Corporation Limited(000938) etc.); New energy & Intelligent networked vehicle The lens of Optics: the Shun optics, Hongda Xingye Co.Ltd(002002) 036′ etc.; connector: Electric Connector Technology Co.Ltd(300679) , Suzhou Recodeal Interconnect System Co.Ltd(688800) , Shenzhen Deren Electronic Co.Ltd(002055) , Shenglan Technology Co.Ltd(300843) , Wenzhou Yihua Connector Co.Ltd(002897) , Zhejiang Yonggui Electric Equipment Co.Ltd(300351) , Dongguan Dingtong Precision Metal Co.Ltd(688668) , Cwb Automotive Electronics Co.Ltd(605005) , Shanghai Laimu Electronics Co.Ltd(603633) , etc; Navigation system: Shanghai Huace Navigation Technology Ltd(300627) etc.); “New energy +” (offshore wind power: Jiangsu Zhongtian Technology Co.Ltd(600522) , Hengtong Optic-Electric Co.Ltd(600487) ; liquid cooling temperature control: Shenzhen Envicool Technology Co.Ltd(002837) , Guangdong Shenling Environmental Systems Co.Ltd(301018) , Guangzhou Goaland Energy Conservation Tech Co.Ltd(300499) etc.; energy storage: Kehua Data Co.Ltd(002335) etc.); Internet of things / power Internet of things ( Willfar Information Technology Co.Ltd(688100) , Beijing Inhand Networks Technology Co.Ltd(688080) etc.); Cloud computing (IDC: ‘s Shanghai Baosight Software Co.Ltd(600845) devices: Eoptolink Technology Inc.Ltd(300502) \ etc.); Military communication / Satellite Internet ( Guangzhou Haige Communications Group Incorporated Company(002465) , Tianjin 712 Communication & Broadcasting Co.Ltd(603712) , Jushri Technologies Inc(300762) , China Satellite Communications Co.Ltd(601698) etc.); Operators (China Mobile, China Telecom Corporation Limited(601728) , China United Network Communications Limited(600050) etc.).
Risk tips: 5g construction is not as expected, cloud computing development is not as expected, Sino US trade friction, covid-19 epidemic spread.
