Important industry trends this week:
China's offshore wind power installation can reach 3009gw! The 14th five year plan is the key cultivation period
On December 30, 2021, the final review meeting of the major consulting and research project of the Chinese Academy of Engineering "Research on the strategy of offshore wind power supporting China's energy transformation and development" was held in Beijing. China is rich in offshore wind power resources and has great development and utilization potential. Offshore wind power plays an increasingly important role in "carbon peaking and carbon neutralization" because it is clean and low-carbon, close to the power load side of southeast coastal areas and convenient consumption. The development of offshore wind power is regarded as an important strategic support for China's energy structure transformation.
It was revealed at the project conclusion review meeting that China's installed capacity of offshore wind power can reach 3009gw. The "14th five year plan" is the key cultivation period of offshore wind power. From 2026 to 2035, it will enter the mature period of offshore wind power industry and gradually realize parity Internet access.
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
I. 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) (the marine and new energy sectors have full potential, and the business cycle of optical fiber and optical cable is opened), Hengtong Optic-Electric Co.Ltd(600487) (dual drive of sea breeze and optical fiber and optical cable), Jiangsu Etern Company Limited(600105) (optical communication recovers, and the automobile harness opens the incremental space). It is recommended to pay attention to: Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) (the volume and price of optical fiber and optical cable rise simultaneously);
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) ;
II. 5g application end (Automotive intelligence, etc.):
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) (UC terminal solution leader, continuous improvement of product matrix), Fujian Star-Net Communication Co.Ltd(002396) (cloud office / cloud desktop, video conference), Montnets Cloud Technology Group Co.Ltd(002123) (rich media SMS leader), Bizconf Telecom Co.Ltd(300578) (video conference software and hardware layout), etc;
III. communication + energy:
1. Sea breeze submarine cable: Jiangsu Zhongtian Technology Co.Ltd(600522) (the potential of ocean and new energy sector is full, and the business cycle of optical fiber and cable is started), Hengtong Optic-Electric Co.Ltd(600487) (sea breeze + optical fiber and cable dual drive);
2. IDC: key recommendations: Kehua Data Co.Ltd(002335) (joint coverage of power and new technology), 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) ;
IV. military communication & Beidou: communication is a serious short board in the field of national defense informatization. The penetration rate 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) ;
V. digital RMB: with the continuous promotion of digital RMB, large-scale application can be expected in the future. It is suggested to pay attention to: Chutian Dragon Co.Ltd(003040) , Eastcompeace Technology Co.Ltd(002017) .
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.
