This week (from April 25, 2022 to April 29, 2022), the CSI 300 index rose by 0.07%, and the entrepreneurship index rose by 0.98%; The communication Shenwan index decreased by 1.10%, of which the communication equipment index increased by 0.54% and the communication operation index decreased by 4.47%. Compared with the weekly increase of Shenwan’s 31 primary industry indexes, the increase of the communication industry ranked 12th. The top three sectors are building decoration, power equipment and building materials.
In the first quarter of 2022, the stock market value of communication heavy positions accounted for 1.36% of the total stock market value. In the fourth quarter of 2021, the proportion was 0.94%, with a month on month increase of 0.42%, but the overall distribution was low. Among the 31 industries with heavy positions in actively managed funds in the first quarter of 2022, the communication industry ranked the 20th, and the electronic position in the other three industries of TMT accounted for 9.81%, ranking the 4th; The position of the computer industry accounted for 3.35%, ranking No. 8; Media positions accounted for 2.05%, ranking 13th.
The communication sector is still in a low allocation state in the horizontal industry comparison.
From the market value scale of individual stocks held by the fund, the ranking of individual stocks with positions changed a lot in the first quarter of 2022, and sub track manufacturers such as submarine cable and optical cable, enterprise communication, operators and Internet of things ranked at the top. In the first quarter of 2022, the top 20 companies with heavy fund positions in the communication industry changed compared with the fourth quarter of 21. Specifically:
(1) head ranking change Jiangsu Zhongtian Technology Co.Ltd(600522) and Yealink Network Technology Co.Ltd(300628) rose to the top two positions in heavy positions; (2) The ranking of operators increased significantly. China Mobile (A-share) position ranking rose to fourth; (3) The shareholding market value ranking of core targets in the field of Internet of things remains relatively high. For example, Quectel Wireless Solutions Co.Ltd(603236) , Queclink Wireless Solutions Co.Ltd(300590) , Fibocom Wireless Inc(300638) , Beijing Inhand Networks Technology Co.Ltd(688080) , etc. are in the top 20 lists;
This week, the first quarterly reports of Listed Companies in the communication industry were successively disclosed. We reviewed the performance of listed communication companies, especially key companies 22q1, in combination with the new Shenwan industry classification framework and the actual changes in the industrial chain. Specifically:
(1) in 22q1, the revenue and profit growth of Shenwan communication service sector increased month on month, and the overall performance was relatively stable, but the growth rate of cash flow declined; 22q1 the profitability of Shenwan communication equipment sector improved and the revenue growth narrowed. (2) In terms of business segment, under the influence of external negative factors such as China’s epidemic and overseas tensions in the first quarter, most segments were affected to varying degrees, and there was no high performance increase of individual stocks in a certain segment.
The recommendations focus on the focus of the proposed focus: 1) the relevance of the “digital economy”: the relevance of the “digital economy”: Corporate Communications and cloud Video: the Yealink Network Technology Co.Ltd(300628) Suzhou Tfc Optical Communication Co.Ltd(300394) , Eoptolink Technology Inc.Ltd(300502) , Zhongji Innolight Co.Ltd(300308) , Advanced Fiber Resources (Zhuhai) Ltd(300620) , etc. 2) Dual carbon and new energy track related: submarine cable and communication supporting Jiangsu Zhongtian Technology Co.Ltd(600522) , Wenzhou Yihua Connector Co.Ltd(002897) etc., temperature control equipment Shenzhen Envicool Technology Co.Ltd(002837) etc. 3) Automotive intelligence and Internet of things: Lidar Ningbo Yong Xin Optics Co.Ltd(603297) , torch technology, Changguang Huaxin, Advanced Fiber Resources (Zhuhai) Ltd(300620) , Shunyu optics (Electronics), Suzhou Tfc Optical Communication Co.Ltd(300394) , Optowide Technologies Co.Ltd(688195) ; High precision positioning Shanghai Huace Navigation Technology Ltd(300627) ; Shenzhen H&T Intelligent Control Co.Ltd(002402) , Shenzhen Topband Co.Ltd(002139) ; Connector Suzhou Recodeal Interconnect System Co.Ltd(688800) , Zhejiang Yonggui Electric Equipment Co.Ltd(300351) ; Communication module Quectel Wireless Solutions Co.Ltd(603236) , Fibocom Wireless Inc(300638) , Meig Smart Technology Co.Ltd(002881) , etc.
Risk tip: 5g promotion process is not as expected; The construction progress of communication infrastructure is less than expected; Risks of fluctuations in application demand in industries such as the Internet of things.
