Key investment points
Strategic view of this week: 1. Stricter supervision of platform economy, emphasizing the supervision of data use and data security protection: on January 19, 2022, nine departments including the national development and Reform Commission and the State Administration of market supervision jointly issued several opinions on promoting the healthy and sustainable development of platform economy, encouraging the innovation and sustainable development of Chinese platforms, It is clear that China should improve the supervision of platforms involving the financial field, and make clear provisions on the security and use of personal data. 2. The overweight of regulatory policies and the accelerated application of big data drive the development of data security industry: the data security industry plays an important role in economic value creation. The data security market will continue to expand and maintain a high-speed growth trend. The market prospect of data security protection is broad, and data security enterprises usher in rapid development opportunities. 3. In the era of digital economy, data has become an important factor of production, and cloud computing and artificial intelligence are expected to develop further: the multiplier effect of data on improving production efficiency is becoming more and more prominent. The explosive growth and massive agglomeration of data contain great value, which brings new opportunities for intelligent development, and cloud computing, artificial intelligence and other industries are expected to develop further.
Industry Outlook: Shanghai Optical Expo in Munich in 2022 (2022.3.23-2022.3.25)
Key recommendations (covered): Meig Smart Technology Co.Ltd(002881) , Beijing Tricolor Technology Co.Ltd(603516) , Zte Corporation(000063) , China Telecom Corporation Limited(601728) , Longshine Technology Group Co.Ltd(300682) , Beijing Highlander Digital Technology Co.Ltd(300065) , Willfar Information Technology Co.Ltd(688100) , Shenzhen Envicool Technology Co.Ltd(002837) , Thunder Software Technology Co.Ltd(300496) , Suzhou Tfc Optical Communication Co.Ltd(300394) , Huagong Tech Company Limited(000988) , Shenzhen Fastprint Circuit Tech Co.Ltd(002436) , Hytera Communications Corporation Limited(002583) , China United Network Communications Limited(600050) .
Recommended (covered): Operator: China Telecom Corporation Limited(601728) , China United Network Communications Limited(600050) ; 5g main equipment: Zte Corporation(000063) , Fiberhome Telecommunication Technologies Co.Ltd(600498) , Hytera Communications Corporation Limited(002583) ; Energy Informatization: Willfar Information Technology Co.Ltd(688100) ; New energy supporting: Shenzhen Envicool Technology Co.Ltd(002837) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) ; Optical modules: Suzhou Tfc Optical Communication Co.Ltd(300394) , Huagong Tech Company Limited(000988) , Zhongji Innolight Co.Ltd(300308) , Accelink Technologies Co.Ltd(002281) ; PCB： Shenzhen Fastprint Circuit Tech Co.Ltd(002436) ； Optical fiber cable: Fiberhome Telecommunication Technologies Co.Ltd(600498) ; Internet of things / Internet of vehicles: Thunder Software Technology Co.Ltd(300496) ; IDC： Guangdong Aofei Data Technology Co.Ltd(300738) 、 Beijing Sinnet Technology Co.Ltd(300383) ； Network visualization: Shenzhen Sinovatio Technology Co.Ltd(002912) ; 5g industry private network: Hytera Communications Corporation Limited(002583) ; Cloud computing / edge computing: Ucloud Technology Co.Ltd(688158) ; Related to urban digital transformation: Iflytek Co.Ltd(002230) .
Suggested attention (not covered): big data industry: Hcr Co.Ltd(688500) , Merit Interactive Co.Ltd(300766) , Bonree Data Technology Co.Ltd(688229) , Business-Intelligence Of Oriental Nations Corporation Ltd(300166) ; Operator: China Mobile; Server / router / switch: Unisplendour Corporation Limited(000938) , Fujian Star-Net Communication Co.Ltd(002396) , Inspur Electronic Information Industry Co.Ltd(000977) ; Energy Informatization: Beijing Forever Technology Co.Ltd(300365) ; Supporting new energy: Shenzhen Honor Electronic Co.Ltd(300870) , Shenzhen Cotran New Material Co.Ltd(300731) , Shenzhen Kexin Communication Technologies Co.Ltd(300565) ; Optical modules: Eoptolink Technology Inc.Ltd(300502) , Cig Shanghai Co.Ltd(603083) , Advanced Fiber Resources (Zhuhai) Ltd(300620) , Broadex Technologies Co.Ltd(300548) ; IC carrier board / PCB: Shennan Circuits Co.Ltd(002916) , Victory Giant Technology (Huizhou)Co.Ltd(300476) , Suntak Technology Co.Ltd(002815) ; Optical fiber and optical cable: Hengtong Optic-Electric Co.Ltd(600487) , Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) ; Internet of things / Internet of vehicles: Fibocom Wireless Inc(300638) , Quectel Wireless Solutions Co.Ltd(603236) , Shenzhen H&T Intelligent Control Co.Ltd(002402) , Shenzhen Topband Co.Ltd(002139) ; IDC: Beijing Highlander Digital Technology Co.Ltd(300065) , Shanghai Baosight Software Co.Ltd(600845) , Hang Zhou Iron & Steel Co.Ltd(600126) , Jiangsu Shagang Co.Ltd(002075) , chengdi shares, Leon Technology Co.Ltd(300603) , Century Internet and Wanguo data; Beidou: Chengdu Corpro Technology Co.Ltd(300101) , Zhuhai Orbita Aerospace Science & Technology Co.Ltd(300053) , Piesat Information Technology Co.Ltd(688066) , Shanghai Huace Navigation Technology Ltd(300627) ; Carbon neutralization: Jiangsu Zhongtian Technology Co.Ltd(600522) , Shenzhen Kstar Science & Technology Co.Ltd(002518) ; Related to urban digital transformation: Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Zhejiang Dahua Technology Co.Ltd(002236) , Vanjee Technology Co.Ltd(300552) , Pci Technology Group Co.Ltd(600728) , Vantone Neo Development Group Co.Ltd(600246) , Anhui Sinonet & Xinlong Science & Technology Co.Ltd(002298) ; LEO satellites: China Spacesat Co.Ltd(600118) , China Satellite Communications Co.Ltd(601698) , Guangzhou Haige Communications Group Incorporated Company(002465) , Shenzhen H&T Intelligent Control Co.Ltd(002402) , Hwa Create Corporation(300045) , Zhuhai Orbita Aerospace Science & Technology Co.Ltd(300053) , Gci Science & Technology Co.Ltd(002544) , Beijing Ctrowell Technology Corporation Limited(300455) , Changshu Tianyin Electromechanical Co.Ltd(300342) , Yaguang Technology Group Company Limited(300123) , Shanghai Hugong Electric Group Co.Ltd(603131) , Xingyu Wangda; HD Video: Wuhan Xingtu Xinke Electronics Co.Ltd(688081) ; Cloud computing / edge computing: Wangsu Science & Technology Co.Ltd(300017) ; Quantum information industry: Quantumctek Co.Ltd(688027) ; Small base stations: Jushri Technologies Inc(300762) , Genew Technologies Co.Ltd(688418) ; Iron tower: China iron tower; National first network: Beijing Gehua Catv Network Co.Ltd(600037) , Shaanxi Broadcast & Tv Network Intermediary(Group)Co.Ltd(600831) ; Industrial Internet: Foxconn Industrial Internet Co.Ltd(601138) ; Big data: Merit Interactive Co.Ltd(300766) , Huichen information; Online education: Dingli Corp.Ltd(300050) , lischen; Antenna RF: Tongyu Communication Inc(002792) , Huizhou Speed Wireless Technology Co.Ltd(300322) , Suzhou Shijia Science & Technology Inc(002796) ; Heat dissipation: Jones Tech Plc(300684) ; UWB： Haoyun Technologies Co.Ltd(300448) 。
Market review: this week (from January 17, 2022 to January 21, 2022, the same below), the communication (Shenwan) index rose by 0.43%; The CSI 300 index rose 1.11% and the industry underperformed the market by 0.68pp. Recent performance of Soochow communication preferred index: it fell 0.90% this week and 5.36% year to date, underperforming the communication Shenwan index by 2.23pp.
Risk warning: the operator's income is lower than expected; Policy support is less than expected; The progress of 5g industry is less than expected; 5g network construction progress is less than expected.
