Important trends in the industry this week:
The three major operators released the operation data in April, and 5g users increased steadily
The three major operators released the operation data in April. In April, the number of 5g package customers of China Mobile increased by 10.365 million, reaching 476916 million in total 6 Nanhua Bio-Medicineco.Ltd(000504) , the number of 5g package users increased by 4111000, reaching 174768 million in total China Telecom Corporation Limited(601728) 4, 6.68 million 5g package users were added, reaching 217.43 million in total.
Ministry of industry and information technology: accelerate the construction of 5g, gigabit optical network, data center and other infrastructure
At the 2022 World Telecommunication and information society day conference held on May 17, Zhang Yunming, Vice Minister of China’s Ministry of industry and information technology, said that we should speed up infrastructure construction and systematically promote the construction and development of 5g, gigabit optical network, data center and the transformation and upgrading of traditional infrastructure.
Zhang Yunming said that China has built the world’s largest mobile broadband and optical fiber network, and the network quality has reached or even better than that of developed countries in the world. At present, nearly 1.6 million 5g base stations have been built, making it the first country in the world to build 5g network on a scale based on independent networking mode. Fixed broadband has been upgraded from 100m to Gigabit, and the proportion of optical fiber users has increased from less than 10% in 2012 to 94.3% in 2021.
Investment view this week:
At present, the macro situation and market confidence expectation are still weak. We should actively grasp the rebound opportunity in the short term. It is suggested to pay attention to high-quality stocks with good performance, oversold targets and high-quality stocks with strong certainty in the direction of high prosperity. Looking forward to the whole year, focus on the high boom track and the low / undervalued value + reversal logic target. Focus on: communication + sea breeze / energy storage / new energy, Internet of things / Internet of vehicles, optical communication, 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) ;
Risk warning: the impact of the epidemic, the progress of 5g industry and commerce are lower than expected, the speed of downstream application and promotion is lower than expected, and the risk of trade war is uncertain.
