1. ICT technology is closely related to digital economy and constitutes the basic core of digital economy. It is also an important cornerstone for national industrial upgrading and enterprise development. Since late December 2021, China’s ICT industry policies have emerged one after another, and their impact on the ICT industry is mainly in the following aspects:
2. Infrastructure: Gigabit Network &5g, Satellite Internet, cloud network integration, industrial Internet and other high-speed ubiquitous, heaven earth integration, cloud network integration and other digital information infrastructure accelerate the penetration:
1) the optical network continues to upgrade, and the number of gigabit optical fiber households and Gigabit broadband users has increased significantly: from 10g-pon in 2020 to the end of the 14th five year plan, it is expected to increase by 8.8 million, and the number of Gigabit broadband users will increase from 6.4 million in 2020 to 60 million in 2025. Users have become the focus of development, which will greatly promote the centralized purchase of home terminal operators such as optical cat, smart home terminal (box) and WiFi 6, The industrial benefit targets include Hangzhou Anysoft Information Technology Co.Ltd(300571) , Sichuan Tianyi Comheart Telecom Co.Ltd(300504) , Shenzhen Gongjin Electronics Co.Ltd(603118) , Raisecom Technology Co.Ltd(603803) , etc.
2) continue to recommend the large-scale deployment of 5g network and the rapid application of 5g independent networking. The overall 5g investment will not decline like a cliff: it is expected that more than 600000 5g base stations will be added every year in the next four years, and the industrial benefit targets include Zte Corporation(000063) .
3) improve the application scope of satellite infrastructure construction such as “communication, guidance and remote” in the three-dimensional network of air, space and sea: promote the application in aviation, navigation, public safety and emergency, transportation and energy, and the penetration rate of satellite application industry is expected to increase rapidly. The industrial benefit targets include: Guangzhou Haige Communications Group Incorporated Company(002465) , Hytera Communications Corporation Limited(002583) , Tianjin 712 Communication & Broadcasting Co.Ltd(603712) , Hwa Create Corporation(300045) , Shanghai Huace Navigation Technology Ltd(300627) , Genew Technologies Co.Ltd(688418) , Geovis Technology Co.Ltd(688568) , Piesat Information Technology Co.Ltd(688066) .
4) build new computing facilities for cloud network integration and realize the organic integration of cloud computing resources and network facilities: low delay, high reliability and strong security edge computing services have become the key to development, and the trend of intensive, high-density and intelligent development of data center will become the trend. The industrial beneficiaries include: data communication equipment: Unisplendour Corporation Limited(000938) , Ruijie network, etc; Data center optical modules: Eoptolink Technology Inc.Ltd(300502) , Zhongji Innolight Co.Ltd(300308) , Suzhou Tfc Optical Communication Co.Ltd(300394) , Accelink Technologies Co.Ltd(002281) etc; Data Center & edge calculation: Beijing Sinnet Technology Co.Ltd(300383) , Guangdong Aofei Data Technology Co.Ltd(300738) , Wangsu Science & Technology Co.Ltd(300017) , Capitalonline Date Service Co.Ltd(300846) , Qingcloud Technologies Corp(688316) etc.
5) the industrial Internet and 5g private network industry have entered the acceleration period, and the industrial benefit target: Hytera Communications Corporation Limited(002583) (5g private network).
3. Application: accelerate the penetration of ICT technology in all walks of life, promote the digital transformation of agriculture, industry and public services, accelerate the integrated application of new generation information technology and the real economy, and implement the action of “using data to enrich intelligence on the cloud”. The beneficiaries include: Nancal Technology Co.Ltd(603859) , Business-Intelligence Of Oriental Nations Corporation Ltd(300166) , etc.
4. Technology: breakthrough in key technologies, increase paradigm change and layout of technology field
1) accelerate the tackling of key technologies of integrated circuits: promote the innovation of computing chips and memory chips, and accelerate the breakthrough of EDA software, IGBT, MEMS and other software and characteristic processes.
2) improve the R & D level of key software: key basic software, high-end industrial software, etc
5. Network security: an important base of digital economy and ICT: policy stimulus catalysis and acceleration of “new infrastructure”. The network information security industry continues to grow at a high speed. The industrial benefit targets include: Qi An Xin Technology Group Inc(688561) , 360 Security Technology Inc(601360) , Sangfor Technologies Inc(300454) .
6. Viewpoint of communication sector
1) continue to focus on recommending high growth sectors such as it main equipment, communication + new energy, network security, Internet of vehicles application and military communication.
2) recommend undervalued stocks this week: Unisplendour Corporation Limited(000938) , Jiangsu Zhongtian Technology Co.Ltd(600522) , Willfar Information Technology Co.Ltd(688100) , Black Peony (Group) Co.Ltd(600510) (acquisition of Aite energy layout thermal energy management business), Tcl Technology Group Corporation(000100) , Tianjin 712 Communication & Broadcasting Co.Ltd(603712) , Beijing Sinnet Technology Co.Ltd(300383) , Goldcard Smart Group Co.Ltd(300349) , Aisino Corporation(600271) , Hangzhou Anysoft Information Technology Co.Ltd(300571) , Zte Corporation(000063) , Guangzhou Haige Communications Group Incorporated Company(002465) and other companies.
7. Risk warning
The industrial competition is too fierce, the cost of new technology popularization is high, the effect is slow, and the marginal effect of policy stimulus is weakened.
