The capital expenditure of telecom operators is the weather vane of the entire industrial chain. This indicator has attracted much attention this year when 5G is deployed on a large scale. According to data, in mid-2019, mobile 5G-related expenditure was 24 billion yuan, a surge of more than 4 times this year. As the most important area of new infrastructure, 5G has exploded in construction demand.
Zhongheng Electric : "New Infrastructure" is the main tool for counter-cyclical adjustment. The investment opportunities it brings have always attracted the attention of market investors. Recently, Zhongheng Electric, which covers products covering 5G, IDC and new energy charging piles for the first time, has been covering products for the first time.
Zhongheng Electric's current performance is in a bottom reversal period. Under the catalysis of the construction of "new infrastructure", new orders in the communications and charging piles will continue to increase in the future, and the performance growth is highly certain.
Zhongheng Electric products successfully entered the three "new infrastructure" fields of 5G base station , IDC and new energy charging piles, and have strong competitive advantages:
5G base station: 5G networking puts forward higher requirements for power supply power density, power supply efficiency and loss rate , etc. HVDC ( high voltage DC transmission ) has significant cost advantages compared with other technical routes, and in the future, the penetration rate of communication power supply is expected to increase. Zhongheng Electric provides a full-stack 5G power supply solution including base stations, remote supply and micro power supply products, which will benefit from domestic 5G construction and overseas micro station construction in the future;
IDC: Zhongheng Electric's HVDC business has obvious large-scale competitive advantages in data center construction. It has repeatedly won bids for major customers such as BAT and communication operators, gradually replacing the UPS system. Since 2019, customers have gradually expanded to government-enterprise, finance, and confidentiality systems. Alibaba , and Zhongheng Electric jointly announced the official launch of the "Data Center Panama Power Supply", ranking first in the world in efficiency;
New Energy Charging Pile: Zhongheng Electric has the core technology of DC module (high-power conversion module). It has invested and built and operated 26 charging pile projects and 48 stations, including State Grid customers, bus customers, urban investment customers, charging pile operators, etc.
Due to the failure to deliver some new contract orders in time, Zhongheng Electric's revenue in the fourth quarter of last year was lower than expected. Judging from the company's latest bidding announcement in 2020, there are still many highlights, and the performance growth is highly certain.
Zhongheng Electric recently won the bid for the first share of China Mobile's combined switching power supply product centralized procurement from 2020 to 2021. Thanks to the high technical score, the company's bid price is not the lowest but it has obtained a 40% share.
In the field of charging piles, Zhongheng Electric won the bid for the sole equipment supplier procurement of State Grid Evergrande Intelligent Orderly Charging Pile in the next five years in 2019. In 2019, it continued to carry out equipment cooperation with Didi's Xiaoju Charging, and the company also won the bid for the centralized procurement of Zhejiang Petroleum Charging Equipment with the first place.
China Mobile released a strong 5G catalysis, with spending soaring by 4 times, and the industrial chain is restless! The other two operators, China Unicom and Telecom, will also release capital start plans today, and are expected to follow China Mobile's significant increase pace, and the related industrial chains are expected to usher in continuous catalysis. The 5G industry chain is huge.
has risks: The continued spread of the global epidemic has brought about the impact of order uncertainty and systemic risks; HVDC application in the data center field is less than expected; 5G construction is less than expected.
Disclaimer: The content of the article is for reference only and does not constitute investment advice
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