A number of policies for the manufacturing end have been implemented, and the high-end manufacturing industry has policy dividends such as interest reduction and tax reduction.
However, engineering construction projects generally started after the Lantern Festival every year.
In January 23, the new medium and long-term loans to enterprises in a single month amounted to 35000 billion yuan/+66.7% year-on-year/+189.0% month-on-month, a record high.
China Mobile has comprehensively upgraded the “gigabit+cloud” life service system in the personal and home markets.
Investment suggestions: 1) Operator segment: recommend China Mobile, China Telecom and China Unicom; 2) Structural investment and domestic penetration: ZTE Communications, Shijia Photonics, Tianfu Communications, Optical Technology, Baoxin Software; 3) Domestic demand investment: Hengtong Optoelectronics, Zhongtian Technology, Changfei Optical Fiber, Weisheng Information, Lihewei, Chengchang Technology, etc., with the beneficiary of Invic; 4) Stabilization of external demand&field expansion: Hortech, Topon, Longt Intelligence, Juguang Technology, etc.
China Unicom provides whole-house solutions, extending optical fiber to every room in the family, and creating “healthy home, comfortable home, smart home and safe home” for users.
The technological upgrading of enterprises and the acceleration of domestic substitution process have revived the demand for core parts and key equipment.
Recommended objects: Yizhimi, Newway, Okeyi, Huarui Precision, Newway CNC, Kede CNC, Haitian Precision, Kede CNC, etc.
Advantages: 1) High efficiency: the ultimate theoretical efficiency of single-junction perovskite battery is 33%, and the efficiency of multi-junction perovskite battery or laminated battery is even expected to exceed 45%.
Domestic enterprises are expected to benefit from the increase in overseas market demand.
The evolution and commercial landing of 50GPON are at hand.
Recent views: (1) General automation and engineering machinery data improvement+favorable policies, optimistic about forklifts, machine tools, industrial valves, injection molding machines, die-casting machines, robots, etc.
According to the statistics of the Ministry of Industry and Information Technology, by the end of 2022, China had 91.75 million fixed broadband users with an access rate of 1000 Mbps and above, an increase of 1.7 times compared with the end of 2021, and the proportion rose to 15.6%.
General automation: accelerated extension of enterprise credit end+promotion of robot application drive the industry to recover.
Construction machinery: the credit level of enterprises exceeded expectations, and the recovery of construction machinery after the epidemic was expected to increase.
Recommended targets: construction machinery, Sany Heavy Industry, Hengli Hydraulic, etc.
China Telecom has also standardized and guided its programs and products in the field of FTTR technology.
All overseas regions grew on a month-on-month basis.
Beneficial objects: Anhui Heli, Hangcha Group, Jingguo Technology, Eton, Jarda, China Tungsten High-tech, etc.
Risk tips: changes in the external environment lead to industrial chain security risks, operators’ CAPEX plans are less than expected, overseas demand recovery is less than expected, and innovative business application development is less than expected.>> The above content is excerpted from the research report released by Guotai Junan Securities, which is that Telecom has launched FTTR centralized purchase and the gigabit optical network industry has accelerated again.
(2) The installed capacity of wind power is expected to increase rapidly in 23 years, and wind power equipment is recommended.
At present, the mass production efficiency of perovskite is 15%, and the mass production target efficiency is above 18%; 2) Low cost: the industrial chain is greatly simplified, and the comprehensive cost is expected to decrease to 0.5-0.6 yuan/W after maturity, which is 50% of the limit cost of crystalline silicon.
All indicators have exceeded the target of 30 million users and 20 gigabit cities set out in the Action Plan for the Coordinated Development of “Double Gigabit” Networks (2021-2023) in advance and substantially.
Affected by the improvement of the epidemic policy and the support policies for real estate and infrastructure construction, there were many intention orders from construction machinery enterprises after the Lantern Festival 23 years ago, and the industry started to improve.
Downstream customers were optimistic about the 23 years.
(3) New technology direction: perovskite, copper electroplating, PET copper foil equipment, etc.
[Machinery] With the gradual recovery of general equipment and engineering machinery, perovskite is expected to open the GW-level bidding machinery industry.
Please refer to the full report for detailed analysis content (including risk tips, etc.).
2) The electron transport layer and the hole transport layer apply RPD and PVD devices respectively.
Telecom starts the first headquarter-level FTTR equipment centralized purchase.
From the perspective of PON technology development trend, demand and cost, as well as the promotion of the industrial chain, the industry has generally recognized that the next generation optical access network bandwidth will be increased to 50Gbps.
Weekly view: The highest saltwater lake in China – the audio version of the Namco Morning Post in Tibet, please click at the end of the article to recommend today that [Communications] Telecom start the FTTR centralized purchase, and the gigabit optical network industry speed up again.
3) The modification layer mainly uses evaporation equipment, and some metal oxide modification layers need to use ALD equipment.
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Equipment: 1) The mainstream preparation method of the core perovskite film is wet coating.
At present, China Radio and Television has more than 50% optical coverage, but its gigabit support capacity is uneven.
At present, domestic operators and major equipment manufacturers are accelerating the implementation of 50GPON.
The value of the domestic gigabit optical network has been recognized, and the construction progress has exceeded expectations.
Photovoltaic equipment: driven by technology and capital, perovskite is expected to open GW-level bidding in 23 years.
On February 16, China Telecom released the “China Telecom 2023 Household FTTR Equipment Centralized Procurement Project Normalization Test Registration Announcement”, which is the first group-level FTTR equipment procurement of three major operators, indicating that the development of FTTR will enter a period of scale acceleration.
The demand for engineering construction in the Southeast Asian market is large, and the recovery in Europe and the United States is obvious after the holiday.
The three major operators accelerated the intelligent layout of the whole house, and the three-step strategy of radio and television promoted the gigabit optical network.
Affected by the epidemic and the Spring Festival, the domestic operating rate in January was 40.61%/+0.02 pct in the month of the Spring Festival on a year-on-year basis.
Some teams develop vacuum plating, mainly using coating equipment/evaporation equipment.
The number of gigabit cities has reached 110.
CME predicted that the sales volume of excavators in January was 13000 sets/- 16.7%/- 22.9% on a month-on-month basis.
It plans to take a three-step strategy to promote network optical fiber transformation as required.
