The three major operators released the business data of 2021, and the business development of the whole year was stable and good.
The number of mobile users and broadband users continued to increase, and China Mobile continued to lead. The annual net increase in the number of mobile users of the three operators totaled 47.688 million, with a cumulative number of users reaching 164.422 million, and the annual net increase in the number of broadband users totaled 49.916 million, with a cumulative number of users reaching 49.916 million.
The number of fixed line subscribers continued to decrease. The number of fixed line subscribers in China Telecom Corporation Limited(601728) decreased by 1.24 million and China United Network Communications Limited(600050) decreased by 146000. China Mobile did not publish the business data.
5g package penetration further improved, China Telecom Corporation Limited(601728) exceeded 50%. The annual net increase of 5g package users of the three major operators was 407.203 million, and the cumulative number of 5g package users reached 729.508 million. The overall 5g package penetration rate reached 44.31%, and the China Telecom Corporation Limited(601728) 5g package penetration rate was the highest, reaching 50.43%.
5g new infrastructure has reached a new level, and dual Gigabit coordinated development has helped shape the industrial Internet infrastructure.
In 2021, the number of 5g new base stations reached 654000, with a year-on-year increase of 12.8%. A total of 1425000 5g base stations have been completed and opened.
In 2021, the number of 5g mobile terminal connections reached 518 million, with a year-on-year increase of 159%.
The gigabit optical network has covered 300 million households and built the first 29 “Gigabit cities” in China.
“5g + industrial Internet” has formed 20 typical application scenarios such as remote equipment control and machine vision quality inspection in 10 key industries such as mining, steel and electric power. The domestic mobile phone market has warmed up, and the penetration rate of 5g mobile phones has continued to increase.
In December 2021, 5g mobile phone penetration exceeded 80%. The shipment volume of mobile phones in the Chinese market was 33.401 million, a year-on-year increase of 25.6%. Among them, there were 27.145 million 5g mobile phones, with a year-on-year increase of 49.2%, accounting for 81.3% of mobile phone shipments in the same period.
In 2021, China’s total mobile phone shipments totaled 351 million, a year-on-year increase of 13.9%. Among them. 5g mobile phone shipments reached 266 million, a year-on-year increase of 63.5%, accounting for 75.9% of mobile phone shipments in the same period.
Market review:
This week (from January 17, 2022 to January 21, 2022), the Shanghai Composite Index, Shenzhen Component Index and gem index increased by 0.04%, – 0.86%, – 2.72% respectively, and the Shenwan communication index increased by 0.43%, ranking ninth in Shenwan’s 28 primary industries.
Performance of individual stocks in the communication sector this week:
The top five stock price increases are: Leon Technology Co.Ltd(300603) , Nova Technology Corporation Limited(300921) , Shenzhen Chengtian Weiye Technology Co.Ltd(300689) , Eastcompeace Technology Co.Ltd(002017) , Zhong Fu Tong Group Co.Ltd(300560)
The top five stock price declines are: Beijing Jiaxun Feihong Electrical Co.Ltd(300213) , Zhejiang Shengyang Science And Technology Co.Ltd(603703) , Hengxin Shambala Culture Co.Ltd(300081) , Kaile Science And Technology Co.Ltd.Hubei(600260) , Boomsense Technology Co.Ltd(300312)
Investment strategy: (1) 5g network coverage continues to improve, the number of 5g base stations exceeds 1.4 million, and 5g equipment manufacturers are continuously recommended: Zte Corporation(000063) ; (2) The increase in the penetration rate of 5g package users drives the Arup value of operators. Operators give up the price war and improve user stickiness by providing more high-quality and differentiated services. It is suggested to pay attention to: China Mobile; (3) The development of the Internet of things industry has entered the fast lane. It is recommended to focus on the investment opportunities of vehicle communication modules. It is recommended to pay attention to: Fibocom Wireless Inc(300638) , Quectel Wireless Solutions Co.Ltd(603236) ; (4) In the context of double carbon, green energy conservation has become the main theme, and the precision temperature control faucet is recommended: Shenzhen Envicool Technology Co.Ltd(002837) .
Risk tip: the development of 5g is not as expected, the trade friction between China and the United States has further escalated, and the epidemic has further spread.
