Important trend of the industry this week: the national development and Reform Commission: more than 800005g base stations were newly built in the first quarter, and “counting from the east to the west” continued to advance
On April 15, the National Investment Commission held a press conference to actively introduce the relevant reform and development. Sun Wei, deputy director of the high technology department of the national development and Reform Commission and first-class inspector, introduced hot topics such as new infrastructure and “counting from the east to the west” at the press conference.
New infrastructure: in the first quarter of this year, China built 810005g base stations, with a total scale of more than 1506000; The number of gigabit network ports increased by 549000, reaching a total of 8.41 million, with the ability to cover 300 million families.
“Counting from the east to the west”: since this year, among the 10 national data center clusters in China, 25 new projects have been started, the scale of the data center has reached 540000 standard racks, and the computing power exceeds 135 billion floating-point operations per second, which is about the computing power of 27 million personal computers, driving the investment of more than 190 billion yuan in all aspects. Among them, the investment in the western region increased six times over the same period last year, and the investment generally showed a good trend of transfer from east to west.
Investment view this week:
In the short term, focus on the subject of high growth & low value & policy benefits (digital economy, East West calculation, etc.) in the first quarter report. Looking forward to the whole year, focus on the high boom track and the low / undervalued value + reversal logic target. Focus on: communication + energy storage / new energy, Internet of things / Internet of vehicles, cloud computing and other subdivided fields. In the medium and long term, we will continue to pay attention to high boom segments with strong performance certainty. Attention: optical fiber cable / submarine cable, Gigabit broadband, Internet of things / smart car, military communication, 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 ocean and new energy sectors have full potential, and the business cycle of optical fiber and optical cable starts), Hengtong Optic-Electric Co.Ltd(600487) (dual drive of ocean and optical fiber and optical cable). It is suggested 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 at the same time), Jiangsu Etern Company Limited(600105) (recovery of optical communication and incremental space of automobile harness);
3. Optical modules & optical devices: Zhongji Innolight Co.Ltd(300308) (global leader of data communication optical modules), Suzhou Tfc Optical Communication Co.Ltd(300394) Eoptolink Technology Inc.Ltd(300502) Accelink Technologies Co.Ltd(002281) Broadex Technologies Co.Ltd(300548) Advanced Fiber Resources (Zhuhai) Ltd(300620) 3 Grandjoy Holdings Group Co.Ltd(000031) ;
II. 5g application end (Automotive intelligence, etc.):
1. Internet of things / networking of vehicles: what’s to be: to highlight: what’s to recommend to highlight: Skyworth Digital Co.Ltd(000810) , Shenzhen Neoway Technology Co.Ltd(688159) , Cubic Sensor And Instrument Co.Ltd(688665) (mechanical combined coverage); It is suggested to pay attention to: Huagong Tech Company Limited(000988) (on-board sensing capacity), Beijing Inhand Networks Technology Co.Ltd(688080) , Wenzhou Yihua Connector Co.Ltd(002897) (vehicle 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 recommendation: Yealink Network Technology Co.Ltd(300628) (UC terminal solution leader, continuous improvement of product matrix); It is suggested to pay attention to: 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;
3. Operators (undervalued, high dividend): China Mobile, China Telecom Corporation Limited(601728) , China United Network Communications Limited(600050) ;
III. communication + energy:
1. Sea breeze submarine cable: Jiangsu Zhongtian Technology Co.Ltd(600522) (the ocean and new energy sectors have full potential, and the business cycle of optical fiber and cable has started), Hengtong Optic-Electric Co.Ltd(600487) (sea breeze + optical fiber and cable dual drive);
2. IDC: a key recommendation from IDC: a key recommendation from the IDC: to focus on: Hongda Xingye Co.Ltd(002002) 335 etc;
IV. military communication & Beidou: communication is a serious weakness in the field of national defense informatization, and the penetration rate of ultrashort wave and area width can be improved. It is suggested 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) etc.
Risk warning: the impact of the epidemic, the progress of 5g industry and commerce are lower than expected, the speed of downstream application recommendation is lower than expected, and the risk of trade war is uncertain.
