Important trends in the industry this week:
Ministry of industry and information technology: it is expected to promote and complete the construction of 6 Shenzhen Fountain Corporation(000005) g base stations this year
On April 19, 2022, the Information Office of the State Council held a press conference to release the development of industry and informatization in the first quarter of 2022. According to the press conference, at present, China’s infrastructure has been continuously strengthened and nearly 1.56 million 5g base stations have been opened. Looking forward to 2022, we will accelerate infrastructure construction and guide the expansion of effective investment: it is expected to promote the construction of 6 Shenzhen Fountain Corporation(000005) g base stations throughout the year.
The first quarter reports of the three operators were released in a centralized manner
China’s three major operators have released their first quarterly reports. Among them, China Mobile’s operating revenue and net profit are in a leading position China Telecom Corporation Limited(601728) realized the rapid growth of net profit; China United Network Communications Limited(600050) has achieved the highest level of revenue and profit in the same period since its listing.
National Energy Administration: from January to March, the installed capacity of wind power is about 340 million KW
On April 20, the National Energy Administration released the statistical data of the national power industry from January to March. By the end of March, the installed capacity of wind power was about 340 million KW, a year-on-year increase of 17.4%.
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.
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. Light module & light device: light module & light device: 3 Zuming Bean Products Co.Ltd(003030) 30 \ ;
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;
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. operators:
Undervalued and high dividend: China Mobile, China Telecom Corporation Limited(601728) , China United Network Communications Limited(600050) ;
V. 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) ;
Vi. 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.
