This week, Byd Company Limited(002594) officially released the new car “seal”, which is equipped with dlink4 as standard 05g vehicle engine system further verifies the strong trend of 5g module in improving the internal penetration of intelligent vehicles. As of May 20, Byd Company Limited(002594) seals are scheduled to exceed 20000. We believe that with the rise of the popularity of this popular model, 5g vehicle engine will become the standard configuration of more vehicle products, driving the vehicle module to quickly enter the 5g upgrade cycle. In addition, this week, Soyea Technology Co.Ltd(000909) released 5g mobile phone case suitable for Huawei, in which 5g module is provided by Meig Smart Technology Co.Ltd(002881) Internet of things manufacturer, which solves the problem of integration and heat dissipation in ultra-thin shell. We believe that both smart cars and “5g” shells have verified the accelerated extension of the coverage of Internet of things technology in the wave of intellectualization. At the same time, the improvement of 5g penetration will also drive the continuous upgrading of module industry and realize the high boom development under the simultaneous rise of volume and price. At the same time, the 5g shell + ESIM model also opens the mode and space for the upgrading of 4G stock mobile phones, which is expected to drive the 5g user penetration of operators to further increase.
Core recommendations:
\u3000\u30001. High prosperity manufacturing core quality companies: Meig Smart Technology Co.Ltd(002881) Meig Smart Technology Co.Ltd(002881) , Eoptolink Technology Inc.Ltd(300502) Eoptolink Technology Inc.Ltd(300502) , Jiangsu Zhongtian Technology Co.Ltd(600522) Jiangsu Zhongtian Technology Co.Ltd(600522) , Suzhou Tfc Optical Communication Co.Ltd(300394) Suzhou Tfc Optical Communication Co.Ltd(300394) , Yealink Network Technology Co.Ltd(300628) Yealink Network Technology Co.Ltd(300628)
\u3000\u30002. Telecom operators: China Mobile 600941, China Telecom Corporation Limited(601728) China Telecom Corporation Limited(601728)
New increment of Internet of things – “seal” and 5g shell. This week, Byd Company Limited(002594) released CTB battery body integration technology and announced the first e-platform 3.0 model equipped with CTB technology – seal. “Seal” is equipped with dlink4 as standard 05g locomotive system. It further verifies the strong trend of 5g module in improving the internal penetration of intelligent vehicles. We believe that with the rise of the popularity of this popular model, 5g vehicle engine will become the standard configuration of more vehicle products, driving the vehicle module to quickly enter the 5g upgrade cycle. In addition, this week, Soyea Technology Co.Ltd(000909) released 5g mobile phone case suitable for Huawei, in which 5g module is provided by Meig Smart Technology Co.Ltd(002881) Internet of things manufacturer, which solves the problem of integration and heat dissipation in ultra-thin shell.
GSMA: 5g penetration rate in Chinese Mainland is 36.82%, ranking second in the world. This week, GSMA released the latest statistical information. As of the first quarter of 2022, South Korea ranked first with 44.92% in the global 5g penetration ranking, followed by 36.82% in Chinese Mainland, 29.62% in Hong Kong and 25.49% in Japan..
By 2030, the global shipments of cellular Internet of things modules are expected to exceed 1.2 billion. According to the latest report on the tracking of China’s public cloud service market (the second half of 2021) released by IDC, the overall market size of China’s public cloud services (IAAs / PAAS / SaaS) reached US $15.13 billion in the second half of 2021, of which the IAAs market increased by 40.1% year-on-year and the PAAS market increased by 55.7% year-on-year. From the perspective of IAAs + PAAS market, the year-on-year growth in the second half of 2021 was 43.0%. The report also predicts that China’s public cloud market will continue to grow at a compound growth rate of 30.9% in the next five years. It is expected that the market scale will reach US $105.76 billion by 2026.
Risk tip: trade friction intensifies and 5g progress does not meet expectations.
