The twenty-first period New infrastructure
            The concept of “new infrastructure” was born.

In the recent market, the “new infrastructure” market broke out, and the 5G, UHV, photovoltaic, new energy vehicles and rail transit sectors have become the object of enthusiasm for funds. Analysts said that the new infrastructure will be the core theme of 2019 and will fully enjoy the release of the policy dividend in the future.

                    What is "new infrastructure"?

At the end of last year's economic work conference, the focus of infrastructure construction was no longer real estate, but “intercity transportation, logistics, municipal infrastructure, and new infrastructure such as 5G, artificial intelligence, and industrial Internet.

On the one hand, traditional infrastructure has become saturated. On the other hand, because of the rapid decline in marginal utility and the urgent need for new economic growth points, new infrastructure with higher technology content will become the first choice, keeping a close eye on the market and looking for the next possible outbreak. The new infrastructure area.

Since the "new infrastructure" is in line with the strategic deployment of China's infrastructure supplements, it is easy to become a sector that is actively sought after by active capital. Some market analysts believe that the "new infrastructure" market has become the main market line for current capital recognition.

                    What industries does “New Infrastructure” include?

The brokerage strategist expands the new infrastructure of the 2019 core theme according to the Central Economic Work Conference, including the following seven aspects:

  1) 5G:

From the perspective of the scale of the industry to be undertaken in the future, 5G will be the most worthwhile direction in the new technology. The major emerging industries in China, such as industrial Internet, car networking, enterprise cloud, artificial intelligence, telemedicine, etc., are required. Take 5G as an industry support. Under the global environment of accelerating the deployment of 5G, the domestic 5G construction landing speed is expected to be ahead of schedule.

  2) UHV:

The potential of UHV construction in China is still huge. The current UHV projects planned by the country are probably between 50-60, meaning that there are still about 30 planned routes that are expected to land in the future. Recently, the State Grid announced its social capital. Open UHV investment and further increase the certainty of UHV's continuous construction by solving the funding problem. As a key technology of the global energy Internet, UHV has successfully realized the export of the UHV DC power project and core equipment of the second phase of the beautiful mountain in Brazil. China's medium and long-term needs and greater space overseas will enhance the sustainability of equipment companies' performance.

  3) Intercity high-speed railway and urban rail transit:

In 2019, the amount of investment in the construction industry increased + the mileage of express traffic increased + the three-year incremental plan of freight support the release of vehicle purchases; the performance of vehicle-related enterprises recovered significantly, and the four major positive resonances, the sector will have obvious benefits.

  4) New energy automobile industry chain:

In the 19 years, the subsidy policy for the new year has not yet been officially introduced, giving the car companies a certain buffer space. Regardless of when the policy falls and the specific form, the main theme of the cost reduction will not change, the industry chain will also share the pressure brought by the subsidy decline, the advantages of the sub-sector leader will be further accumulated, anchor the leader, seize Certainty.

  5) Big data:

Big data is now widely used, from information distribution to video entertainment, where big data is everywhere. At present, big data has become one of the hot investment directions. With the strong support of capital, the big data industry is developing rapidly. It is estimated that by 2020, the size of China's big data industry will exceed one trillion. Today, with the emphasis on data, the big data industry is bound to become the entrepreneurial enthusiasm of 2019.

  6) Artificial intelligence:

We are optimistic about the development of the domestic artificial intelligence industry. Especially after the Party Central Committee and the State Council have taken artificial intelligence as an important starting point for economic transformation, there will be more room for development in the future of integration and development. In terms of the basic layer, it is recommended to pay attention to the domestic server, high-performance computing enterprise wave information, Zhongke Shuguang in the market opportunity of computing power supply; in the application layer, it is recommended to pay attention to voice, computer vision, automatic driving, predictive analysis and other technologies in AI+ ( Customer service, security, medical, automotive, financial, etc.) applications in the market, covering the enterprise.

  7) Industrial Internet:

According to the latest report of the research institute, the global industrial Internet market will reach 91.4 billion US dollars in 2023, of which the Asia-Pacific region has the highest compound annual growth rate. With the intensive introduction of a series of industry policies, the industrial Internet is experiencing explosive growth, boosting the “digital” transformation of traditional manufacturing enterprises.

                    How do brokers see "new infrastructure"?

China Merchants Securities believes that the “new infrastructure” theme under the leadership of 5G, UHV and high-speed rail is likely to lead the spring market. On the one hand, the market has already had a fairly sufficient expectation of the widespread concern about the impairment of goodwill. Considering the timing of the announcement of the performance, the Spring Festival time and the current index position, the jiacang is also likely to be completed before the Spring Festival. On the other hand, From the perspective of catalysis, the recent project approval for the project of complementing the infrastructure has exceeded market expectations, and the 5G industry chain has officially entered the stage of redemption. The spring market is likely to be launched ahead of the “new infrastructure” theme.

Guotai Junan believes that China's current infrastructure construction has entered a downward trend year-on-year, and the support for the economy is also weakening. As the world enters a period of relying on emerging technologies to redefine the role of division of labor, it is especially important for China to seize the opportunity to seize the commanding heights of emerging industries. Therefore, the information infrastructure that can support the development of the industry in the direction of network, digitization and intelligence is the focus of China's new round of infrastructure construction.

                Related sectors and individual stocks
5G:

Guangxun Technology 002281:The only manufacturer in China that can produce high-end optical chips of 10G and above, has 6Gbps/l0Gbps/25Gbps/50Gbps/100Gbps medium-short optical transceiver modules for 5G networks; the future 5G base stations have 4G numbers in the intermediate and high frequency bands. Times, the predecessor network's demand for 25G low-cost optical modules is extremely strong.

ZTE 000063:The world's top five mobile communication equipment vendors, the earliest 5G layout, high R&D investment, standard and technology leadership, have accumulated a number of patents in 5G key technologies such as ultra-dense network SDN, and established cooperation with three major operators in the 5G field; In the second half of 2019, 5G mobile devices were officially launched.

Dongshan Precision 002384:The company plans to acquire 70% equity of Suzhou Aifu Electronic Communication Co., Ltd. from 172 million yuan and include it in the scope of consolidated statements.

Yitong Century 300310:The company is a high-tech enterprise providing communication network technology services and system solutions, and is a leading communication technology service provider in China.

Chunxing Seiko 002547:In 16 years, it has reserved technology research and development in 5G RF devices, and is in the leading position in the pre-research and storage of 5G products. Filter RF devices have entered the Huawei supply chain system.

UHV:

Feng Fan shares 601700:The company's sales rank among the top in the industry and it has become one of the most important suppliers in the field of transmission line towers in China.

Confidence Electric 600517:The company is a technology consulting, technology development, transfer, service and production (outsourcing processing) in the field of electrical (busbar trunking, high and low voltage cabinets, switch boxes, transformers and box substations, cables, transmission and distribution tools and materials). ) A company that sells its own developed products.

Han Cable Co., Ltd. 002498:The company is one of the few suppliers in China that provides high-voltage and ultra-high-voltage cables and accessories for production, installation and completion inspection.

Jiuzhou Electric 300040:Engaged in the construction, development and operation of renewable energy power plants, covering the wind power sector, mainly through BT.

Moen Electric 002451:Established a wholly-owned subsidiary, Moen New Energy Equipment Co., Ltd., with a registered capital of 100 million yuan for the first phase, mainly for the production and sales of wind towers and wind tower parts and equipment.

Rail:

Huaming Smart 300462:Engaged in the R&D, production, sales and maintenance of the terminal equipment of the automatic ticket checking system, and one of the enterprises that undertake the largest number of rail transit terminal equipment projects in China.

Jinyi Industry 601002:The country's largest manufacturer and exporter of fasteners is the only company capable of providing high-speed rail fasteners with a speed of 250 km/h and 350 km/h.

Tiantie shares 300587:The company is a high-tech enterprise specializing in R&D, production and sales of track engineering rubber products.

Xianghe Industry 603500:The company's main business is non-metallic parts in high-speed rail fasteners. The final use of the products is the high-speed rail line project company.

Yonggui Electric Appliances 300351:The company specializes in the development, production and sales of rail transit connector products.

New energy automobile industry chain:

Yi'an Technology 300328:It is a national high-tech enterprise specializing in R&D, design, production and sales of new materials. Its main products include liquid metal, new energy auto parts and other products.

Dewei New Material 300325:Shanghai Dewei Mingxing New Energy Technology Co., Ltd., a wholly-owned subsidiary of the company, and Shanghai International Automobile City (Group) Co., Ltd. signed the Strategic Cooperation Framework Agreement on May 18, 2017. The parties aim to give full play to the park and The respective advantages of the company and actively promote the industrialization process of hydrogen fuel cell vehicles.

Enjie shares 002812:With the accumulation of technology and the expansion of industrial scale, Shanghai Enjie has successfully entered the supply chain of medium and high-end battery manufacturers, and its market share is expanding. At present, the demand for orders is growing rapidly and has a good development prospect.

Shi Dashenghua 603026:Electrolyte solvent (dimethyl carbonate) is the absolute leader, the market share is more than 40%; the country is not a wasteland? The value of the 峁┪逯 峁┪逯 绯氐缃庖 芗 芗 某 蹋 蹋 017? 017 dimethyl carbonate series Product revenue was 1.74 billion yuan, accounting for 36.47%.

Nebula shares 300648:One of the leading suppliers of lithium battery testing systems with domestic scale, output and output value.

Big Data:

Huasheng Tiancheng 600410:The company currently has core technology products such as IoT chips, cloud computing infrastructure software and hardware, cloud management platform, and real-time analysis of big data.

Zhongchang Data 600242:Global digital marketing solution provider; acquisition of Boyaa Technology, from the three aspects of marketing custody, big data marketing software and marketing services into the field of big data intelligent marketing software and services, leading domestic big data industry.

Zhongke Shuguang 603019:Its industrial big data demonstration application platform for intelligent manufacturing.

Tianyi Technology 300245:The company has developed a PBdata database all-in-one machine, which is a high-performance host designed for analyzing and storing massive data in a big data environment.

North Source 300352:It is the leader of terminal security products, and its products involve data security, big data applications, etc., and are deeply deployed in important fields such as government, public security, and finance.

artificial intelligence:

Huatian Technology 002185:In 2017, the company invested US$4.99 million and acquired a 7.89% stake in Gyrfalcon Technology Inc., an artificial intelligence chip design company.

Extension Information 002261:The company's independent research and development of intelligent exams, intelligent speech recognition, intelligent image and video analysis, English composition automatic scoring and comprehensive quality intelligent evaluation and other technologies have been widely used in the field of examination services and education evaluation.

HKUST News 002230:It is the A-share artificial intelligence leader. The company continues to increase its investment in the Xunfei Super Brain Project, which is aimed at “can understand and understand”, and has made significant research in the fields of sensory intelligence and cognitive intelligence. Results.

Quanzhi Technology 300458:Committed to providing basic computing platforms, SoC+ complete solutions for artificial intelligence.

Jiadu Technology 600728:Focusing on face recognition technology, the company's face recognition algorithm has the characteristics of fast modeling and has been applied to intelligent security.

Industrial Internet:

Oriental Guoxin 300166:The self-developed industrial Internet platform Cloudiip has the industry's leading technology and has provided nearly 10,000 companies in more than 50 countries.

Baosight Software 600845:The application of industrial Internet, big data platform, artificial intelligence and other technologies in the steel industry is being explored.

Dongtu Technology 300353:The development of industrial communication chips, industrial communication networks and other products has been completed.

Donghua Software 002065:It is the governing unit and sponsor of Zhongguancun Industrial Internet Industry Alliance.

Jiaxun Feihong 300213:As the industry's leading provider of command and control and control systems, it involves railways, petroleum and petrochemicals, rail transit, electricity, customs and many other fields.
Category
Stock name
Stock code
connection relation
5G
Guangxun Technology
002281
The only manufacturer in China that can produce high-end optical chips of 10G and above, has 6Gbps/l0Gbps/25Gbps/50Gbps/100Gbps medium-short optical transceiver modules for 5G networks; the future 5G base stations have 4G numbers in the intermediate and high frequency bands. Times, the predecessor network's demand for 25G low-cost optical modules is extremely strong.
ZTE
000063
The world's top five mobile communication equipment vendors, the earliest 5G layout, high R&D investment, standard and technology leadership, have accumulated a number of patents in 5G key technologies such as ultra-dense network SDN, and established cooperation with three major operators in the 5G field; In the second half of 2019, 5G mobile devices were officially launched.
Dongshan Precision
002384
The company plans to acquire 70% equity of Suzhou Aifu Electronic Communication Co., Ltd. from 172 million yuan and include it in the scope of consolidated statements.
Yitong Century
300310
The company is a high-tech enterprise providing communication network technology services and system solutions, and is a leading communication technology service provider in China.
Chunxing Seiko
002547
In 16 years, it has reserved technology research and development in 5G RF devices, and is in the leading position in the pre-research and storage of 5G products. Filter RF devices have entered the Huawei supply chain system.
UHV
Wind Fan
601700
The company's sales rank among the top in the industry and it has become one of the most important suppliers in the field of transmission line towers in China.
Confidence Electric
600517
The company is a technology consulting, technology development, transfer, service and production (outsourcing processing) in the field of electrical (busbar trunking, high and low voltage cabinets, switch boxes, transformers and box substations, cables, transmission and distribution tools and materials). ) A company that sells its own developed products.
Han Cable
002498
The company is one of the few suppliers in China that provides high-voltage and ultra-high-voltage cables and accessories for production, installation and completion inspection.
Jiuzhou Electric
300040
Engaged in the construction, development and operation of renewable energy power plants, covering the wind power sector, mainly through BT.
Moen Electric
002451
Established a wholly-owned subsidiary, Moen New Energy Equipment Co., Ltd., with a registered capital of 100 million yuan for the first phase, mainly for the production and sales of wind towers and wind tower parts and equipment.
Rail crossing
Huaming Intelligent
300462
Engaged in the R&D, production, sales and maintenance of the terminal equipment of the automatic ticket checking system, and one of the enterprises that undertake the largest number of rail transit terminal equipment projects in China.
Jinyi Industry
601002
The country's largest manufacturer and exporter of fasteners is the only company capable of providing high-speed rail fasteners with a speed of 250 km/h and 350 km/h.
Tiantie
300587
The company mainly develops, produces and sells rubber products for track engineering. The products mainly include track structure damping products and wire-inserted rubber crossing plates.
Xianghe Industry
603500
The company's main business is non-metallic parts in high-speed rail fasteners. The final use of the products is the high-speed rail line project company.
Yonggui Electric
300351
The company specializes in the development, production and sales of rail transit connector products.
new energy vehicles
Yi'an Technology
300328
It is a national high-tech enterprise specializing in R&D, design, production and sales of new materials. Its main products include liquid metal, new energy auto parts and other products.
Dewei new material
300325
Shanghai Dewei Mingxing New Energy Technology Co., Ltd., a wholly-owned subsidiary of the company, and Shanghai International Automobile City (Group) Co., Ltd. signed the Strategic Cooperation Framework Agreement on May 18, 2017. The parties aim to give full play to the park and The respective advantages of the company and actively promote the industrialization process of hydrogen fuel cell vehicles.
Enjie shares
002812
With the accumulation of technology and the expansion of industrial scale, Shanghai Enjie has successfully entered the supply chain of medium and high-end battery manufacturers, and its market share is expanding. At present, the demand for orders is growing rapidly and has a good development prospect.
Shi Dashenghua
603026
Solvent solvent (dimethyl carbonate) is the absolute leader, the market share is more than 40%; the country is not a wasteland, the value of the 峁┪逯 峁┪逯 峁┪逯 芗 芗 ??? 2017 dimethyl carbonate series products Revenue was 1.74 billion yuan, accounting for 36.47%.
Nebula shares
300648
One of the leading suppliers of lithium battery testing systems with domestic scale, output and output value.
Big Data
Huasheng Tiancheng
600410
The company currently has core technology products such as IoT chips, cloud computing basic hardware and software, cloud management platform, and big data real-time analysis.
Zhongchang Data
600242
Global digital marketing solution provider; acquisition of Boyaa Technology, from the three aspects of marketing custody, big data marketing software and marketing services into the field of big data intelligent marketing software and services, leading domestic big data industry.
Zhongke Shuguang
603019
Its industrial big data demonstration application platform for intelligent manufacturing.
Tianyi Technology
300245
The company has developed a PBdata database all-in-one machine, which is a high-performance host designed for analyzing and storing massive data in a big data environment.
North Source
300352
It is the leader of terminal security products, and its products involve data security, big data applications, etc., and are deeply deployed in important fields such as government, public security, and finance.
artificial intelligence
Huatian Technology
002185
In 2017, the company invested US$4.99 million and acquired a 7.89% stake in Gyrfalcon Technology Inc., an artificial intelligence chip design company.
Tuowei Information
002261
The company's independent research and development of intelligent exams, intelligent speech recognition, intelligent image and video analysis, English composition automatic scoring and comprehensive quality intelligent evaluation and other technologies have been widely used in the field of examination services and education evaluation.
Keda News
002230
It is the A-share artificial intelligence leader. The company continues to increase its investment in the Xunfei Super Brain Project, which is aimed at “can understand and understand”, and has made significant research in the fields of sensory intelligence and cognitive intelligence. Results.
Quanzhi Technology
300458
Committed to providing basic computing platforms, SoC+ complete solutions for artificial intelligence.
Jiadu Technology
600728
Focusing on face recognition technology, the company's face recognition algorithm has the characteristics of fast modeling and has been applied to intelligent security.
Industrial internet
Oriental Guoxin
300166
The self-developed industrial Internet platform Cloudiip has the industry's leading technology and has provided nearly 10,000 companies in more than 50 countries.
Baoxin Software
600845
The application of industrial Internet, big data platform, artificial intelligence and other technologies in the steel industry is being explored.
Dongtu Technology
300353
The development of industrial communication chips, industrial communication networks and other products has been completed.
Donghua Software
002065
It is the governing unit and sponsor of Zhongguancun Industrial Internet Industry Alliance.
Jiaxun Feihong
300213
As the industry's leading provider of command and control and control systems, it involves railways, petroleum and petrochemicals, rail transit, electricity, customs and many other fields.
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