Core view
With the help of policy and consumer groups, the intellectualization of two wheeled electric vehicles has become the future development trend. Two wheeled electric vehicles are mainly composed of electric bicycles, electric mopeds and electric motorcycles. The "carbon neutralization" and the "new national standard" give a solid policy foundation to the intellectualization of two wheeled electric vehicles. The increase of young consumers provides a huge group for the intellectualization of two wheeled electric vehicles. With the further maturity of Internet of things technology, the intellectualization of two wheeled electric vehicles will improve the service performance from various technical perspectives, adding new functions such as vehicle positioning, sensor / controller, processor / MCU, cellular 4 / 5G, mobile phone interconnection, cloud platform, operating system, artificial intelligence and so on; In addition, the intelligent two wheeled electric vehicle can also have more personalized functions, such as digital car keys, multi-mode interaction, thousands of people and thousands of cars, car as a service, etc., which can provide a more efficient and safe travel experience and further optimize the user's sense of experience.
The 2C end two wheeled electric vehicle has great potential for intelligent growth, and the 2B end electric scooter has a high penetration rate. In particular, the shared scooter drives the rapid development of the intelligent industry, and there is a broad space at the 2C + 2B end in the future. According to the industrial chain survey, the penetration rate of two wheeled electric vehicles in China is low at present, but with the help of double carbon and new national standard policies, the acceptance rate of consumers' intelligence continues to improve, and the intelligent aquatic products in the industry are expected to gradually improve. In the long run, with the increase of penetration rate, the market space is expected to exceed 10 billion; According to the statistics of QYResearch, a well-known research organization in the world, by 2020, the global output of electric scooters will be 4.25 million, and it is expected to reach 10.01 million by 2027. We assume that all electric scooters will be intelligent by 2027. According to the calculation of the value of intelligent single vehicle of US $200-300 / vehicle, it is concluded that the market space of two wheeled scooters is expected to exceed 10 billion yuan.
Queclink Wireless Solutions Co.Ltd(300590) is a leading intelligent terminal manufacturer of two wheeled electric vehicles, which is expected to benefit from the general trend of intelligent two wheeled vehicles at 2B + 2C end. The company entered the intelligent two wheeled electric vehicle earlier. In the 2B market, it mainly provides intelligent controller / intelligent screen and solutions for shared scooter customers, including No. 9, Lambert, Oukai, lime, bird, etc; In the 2C market, the company's intelligent solutions can help electric vehicle enterprises realize a number of intelligent functions such as positioning and navigation and screen launch. At present, the company is promoting cooperation with a number of high-quality customers. The 2021 semi annual report disclosed that the company achieved a sales revenue of 91.6391 million yuan in the field of short travel transportation (including electric scooters and bicycles), with a year-on-year increase of 401.67%.
[sector trend]: this week (1.3-1.7), in the Shenwan industry, the communication (Shenwan) index decreased by 2.19%, ranking second in the TMT sector, with a dynamic P / E ratio of 38.00 and second in the TMT sector. In terms of net inflow of LST, the top five inflow include China United Network Communications Limited(600050) (26710000 shares), Shenzhen Mtc Co.Ltd(002429) (4960000 shares), Beijing Jetsen Technology Co.Ltd(300182) (3800000 shares), Jiangsu Zhongtian Technology Co.Ltd(600522) (3580000 shares), Jiangsu Leike Defense Technology Co.Ltd(002413) (3580000 shares); In terms of net outflow of LST, the top five outflows include Nsfocus Technologies Group Co.Ltd(300369) (- 7960000 shares), Foxconn Industrial Internet Co.Ltd(601138) (- 7650000 shares), Ningbo Joyson Electronic Corp(600699) (- 6270000 shares), Business-Intelligence Of Oriental Nations Corporation Ltd(300166) (- 5750000 shares) and Pci Technology Group Co.Ltd(600728) (- 485 million shares).
[key points of this week] Shanghai Baosight Software Co.Ltd(600845) , Jiangsu Zhongtian Technology Co.Ltd(600522) , Queclink Wireless Solutions Co.Ltd(300590) , Fibocom Wireless Inc(300638) , Shenzhen H&T Intelligent Control Co.Ltd(002402) , Guangzhou Sie Consulting Co.Ltd(300687) , Nancal Technology Co.Ltd(603859) , etc.
[key companies] industrial Internet / intelligent manufacturing ( Shanghai Baosight Software Co.Ltd(600845) , Foxconn Industrial Internet Co.Ltd(601138) , Zhejiang Supcon Technology Co.Ltd(688777) , Anhui Ronds Science & Technology Incorporated Company(688768) , Dongguan Yiheda Automation Co.Ltd(301029) , Shenzhen Invt Electric Co.Ltd(002334) , Shanghai Weihong Electronic Technology Co.Ltd(300508) , Guangzhou Sie Consulting Co.Ltd(300687) , Nengke shares, Zte Corporation(000063) , Unisplendour Corporation Limited(000938) ); New energy & Intelligent networked vehicle (optical lens: Sunny optics, Lianchuang Electronic Technology Co.Ltd(002036) , Dongguan Yutong Optical Technology Co.Ltd(300790) , Ningbo Yong Xin Optics Co.Ltd(603297) , Zhejiang Crystal-Optech Co.Ltd(002273) ; Controller & Algorithm: Shenzhen H&T Intelligent Control Co.Ltd(002402) , Keboda Technology Co.Ltd(603786) , Shenzhen Topband Co.Ltd(002139) , Arcsoft Corporation Limited(688088) , Foryou Corporation(002906) ; lidar: torch technology; Advanced Fiber Resources (Zhuhai) Ltd(300620) , Optowide Technologies Co.Ltd(688195) , Suzhou Tfc Optical Communication Co.Ltd(300394) ; vehicle model group / module: Fibocom Wireless Inc(300638) , Quectel Wireless Solutions Co.Ltd(603236) , Meig Smart Technology Co.Ltd(002881) , Hangzhou Hopechart Iot Technology Co.Ltd(688288) , Queclink Wireless Solutions Co.Ltd(300590) ; 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: Shanghai Baosight Software Co.Ltd(600845) , Beijing Sinnet Technology Co.Ltd(300383) , Guangdong Aofei Data Technology Co.Ltd(300738) , Qinhuai data, Wanguo data, Kehua Data Co.Ltd(002335) , Shenzhen Envicool Technology Co.Ltd(002837) etc.; equipment manufacturers: Zte Corporation(000063) , Unisplendour Corporation Limited(000938) , Fujian Star-Net Communication Co.Ltd(002396) etc.; optical devices: Eoptolink Technology Inc.Ltd(300502) , Zhongji Innolight Co.Ltd(300308) , Accelink Technologies Co.Ltd(002281) , Suzhou Tfc Optical Communication Co.Ltd(300394) etc.; SaaS: Beijing Kingsoft Office Software Inc(688111) , BiliBili, Guangzhou Shiyuan Electronic Technology Company Limited(002841) , Yealink Network Technology Co.Ltd(300628) , sound network, Bizconf Telecom Co.Ltd(300578) , Montnets Cloud Technology Group Co.Ltd(002123) 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) ); 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 and covid-19 epidemic spread.
