According to the official website of the National Development and Reform Commission on April 6, the relevant person in charge of the National Development and Reform Commission said that during the "14th Five-Year Plan" period, "further improve the support policies for the development of the Beidou industry, strengthen supervision and management, and promote the high-quality development of the Beidou industry." ”
Beidou Navigation is a global navigation system independently designed and developed by China, and it is also one of the four major navigation systems in the world. According to China Galaxy Research Report, there are currently only 4 health guidance systems that have the ability to provide services to the world, showing a "1+3" pattern, that is, "1": the United States Global Satellite Navigation and Positioning System (GPS), "3": Russia's "Gronass" system (GLONASS), The European "Galileo" system (GALILEO) and China's Beidou system (BDS).
According to the National Development and Reform Commission, after years of construction, the Beidou system was officially opened in July 2020, and a total of 45 Beidou satellites are currently in orbit, and the space and ground infrastructure have formed a relatively complete service capacity, the industrial system has basically taken shape, the industrial application has begun to take shape, and the expansion of overseas markets has achieved positive results. According to the statistics of relevant agencies, by the end of the "13th Five-Year Plan", the scale of the satellite navigation industry on the mainland exceeded 400 billion yuan.
The National Development and Reform Commission proposed five major aspects to support the promotion and application of Beidou: one is to strengthen overall coordination; the second is to improve laws and regulations; the third is to improve standards and norms; the fourth is to strengthen government support; and the fifth is to do a good job in publicity and promotion.
The Beidou system is an important space infrastructure supporting the economic and social development of the mainland. After the opening of the Beidou-3 system, the scale of the Beidou market was further expanded. Ran Chengqi, director of the China Satellite Navigation System Management Office, said that beidou applications have fully served all walks of life and entered the mass consumer market, with an output value of more than 400 billion yuan in 2020. By the end of the 14th Five-Year Plan, we will strive to double the output value to exceed one trillion yuan and double the global market share.
A number of securities companies believe that in the future, Beidou-3 may be integrated with many technologies such as the Internet of Things, artificial intelligence, and 5G, and applications such as "Beidou +" and "+Beidou" may break out rapidly.
China Galaxy Securities believes that 2020 is the first year of the development of the Beidou three market, drawing on the development experience of Beidou TWO and the active layout of many related domestic enterprises, 2022 is expected to become a blowout year for the Beidou three market.
Guoyuan Securities believes that the mainland satellite navigation and location service industry will maintain a stable growth trend and is expected to increase to 981.93 billion yuan in 2025. (See chart below) There is likely to be higher growth in 2020-2025.
Shanxi Securities believes that lower-cost high-precision positioning will lower the threshold of popular application services, and the penetration of high-precision applications into popular applications will accelerate. The deep integration of Beidou and vertical industries has become the trend of the times, and the large-scale application of Beidou in the mass field will become a reality. The industry + Beidou application market will therefore be further expanded.
Anxin Securities said that the Beidou satellite navigation industry chain in 2021 year-on-year growth rate began to grow, is expected to maintain a high growth rate in 2022, 2023 will still maintain a high growth rate, in the Beidou navigation industry chain Beidou navigation chip, Beidou navigation terminal demand growth rate is higher.
This year, the Ministry of Industry and Information Technology issued the "Several Opinions on the Promotion and Application of Beidou in the Field of Mass Consumption". The "Opinions" proposed that it is necessary to enrich the location service of the intelligent terminal Beidou. Accelerate the research and development and industrialization of high-precision, low-power, low-cost and miniaturized Beidou chips and key components, and form a system solution for the integration of Beidou with 5G, Internet of Things, Internet of Vehicles and other new generation information technologies.
In terms of service applications, on April 6, Qianxun Location released data showing that as of March 2022, the monthly invocation of Qianxun Location Beidou high-precision spatio-temporal services exceeded 100 billion times, with a cumulative service of more than 1.1 billion people worldwide, a total of more than 2 trillion times of service, and services covering more than 230 countries and regions around the world.
At present, domestic Android mobile phones are basically equipped with FindNow Beidou acceleration positioning service as standard, and mobile phone chips such as Qualcomm, MediaTek, and Spreadtrum are also integrated with this service. Huawei, Xiaomi, OPPO and other mobile phones also apply Qianxun location real-time high-precision positioning services. More than 40 intelligent driving cars such as Xiaopeng, Gaohe and GAC are also on the road.
The following figure shows the industrial chain map compiled by iResearch: the upstream is the manufacturing of navigation satellites, the middle reaches are the basic products of Beidou, and the downstream is the Beidou navigation application service.
In terms of investment opportunities, according to Choice data, there are a total of 75 A-share listed companies in the Beidou navigation concept category. As of the close of trading on April 7, 46 companies have announced their 2021 performance reports. According to the performance announced in the express report, the overall performance of the Beidou concept is good:
Pre-increase 15, pre-reduction of 6, continuation of profit 1, continuation of loss of 2, the first loss of 8, turnaround of 4, slightly increased 3, slightly reduced 1, reduced 6 losses.
The author made a table to mark, green represents negative performance, of which "loss reduction" is also a loss, but it has improved, so it is marked in yellow (see the table below). Overall, the performance of the Beidou navigation concept is good.
And it is such a performance, but this year's stock price performance is very miserable. Since the beginning of the year (as of April 7), only 1 of the 46 stocks that have announced the above-mentioned performance express reports has risen. The author sorted by the increase or decrease, took the top 10, and found that only United Think is a positive return, with an increase of 6.0773% (see the table below).
I want to see what the charm of this stock is? I checked the United Minds, and the result was announced that "Thunder arrived".
On March 31, United Think Zhuang issued the "2021 Annual Results Forecast Amendment Announcement", and the performance changed from "profit" to "loss". See the following table, before the correction and after the correction, the performance "big change face": the net profit attributable to the mother before the revision doubled year-on-year, and after the correction it became a loss, which became too cruel!
Explanation of the reasons for the company's performance revision in the announcement:
1. With the advancement of the audit work, combined with the actual situation of the business and the expectation of future performance, after the preliminary calculation of the asset appraiser, the company has made an asset impairment provision for goodwill, long-term equity investment, intangible assets and inventory, which is higher than the previous forecast;
2. For the projects of some subsidiaries, the customer did not issue the acceptance report on time due to the impact of the epidemic, resulting in a delay in revenue recognition, which was reduced compared with the previous forecast revenue recognition.
The author summarizes that, in simple terms, after the revision, it is more accruals and less revenue recognition, resulting in a major change in performance.
The stock fell about 10 percent over two days on April 7-8, and the stock is currently in a volatile state overall.
In the last part of this article, some of the latest industry issues and development trends associated with the Beidou system will be presented.
1, 6G: The author is associated with the next generation of mobile communication technology by the Beidou system, and the latest news summary is currently called "6G".
According to the Securities Daily Network reported on March 24, 6G is expected to achieve commercial use in 2030. According to reports, from March 22 to 24, the second "Global 6G Technology Conference" was held online. Industry experts predict that 6G will be commercially available around 2030. At that time, 6G will further expand from serving people, people and things on the basis of 5G to supporting the efficient interconnection of intelligent bodies, realizing the transition from the interconnection of all things to the intelligent connection of all things.
Mainland China has always attached great importance to the research and development of 6G technology and the construction of architecture. The "14th Five-Year Plan for the Development of the Digital Economy" released this year proposes to prospectively lay out the sixth-generation mobile communication (6G) network technology reserves, increase the support for 6G technology research and development, and actively participate in promoting the international standardization of 6G. According to the data released by the State Intellectual Property Office in the first half of 2021, the mainland has applied for more than 38,000 6G communication technology patents worldwide, ranking first in the world.
At present, 11 companies such as Apple, Google, and Microsoft have announced the establishment of 6G alliances.
Moreover, according to the characteristics of 6G from the Internet of Everything to the Intelligent Connection of Everything, after the popularization of 6G, perhaps the metacosm is really not far away.
2. Starlink: In January 2015, Musk announced that SpaceX plans to launch about 12,000 communications satellites into orbit, of which 1,584 will be deployed in low-Earth orbit 550 kilometers above Earth and begin work from 2020. The project was named "Starlink".
According to the China Fund News reported on April 6, Amazon announced the largest rocket launch purchase agreement in the history of commercial space on Tuesday local time, and it has formulated up to 83 launch plans with three companies, including Blue Origin, to send thousands of Kuiper satellites into low Earth orbit, provide high-speed Internet services for the world, and want to compete with Elon Musk's SpaceX "Starlink".
("Random entry" is a very interesting survey, below)
The e-commerce giant has signed 38 launch contracts with Boeing and Lockheed Martin's joint venture United Launch Alliance (ULA), 18 launches with Europe's Arianespace and 12 launches with Blue Origin. Blue Origin, owned by Amazon founder Bezos, also has the option to make up to 15 additional launches.
The connection between the above news is that the current major economies of the world and technology companies in the space field, the next generation of communication technology "you catch up", readers themselves experience. I provide an interesting keyword - the "Star Wars program" proposed by the United States in the 1980s. The controversy over the plan will not be discussed here.
And when the space competition unfolds, if the next generation of communication technology can make the metacosm realized, can the metacosm break down the barriers between countries? Is it simply to "move" the real world to the virtual world, or to achieve "world unity"? In addition to the technical level, the author believes that there are also a series of discussions involving law and ethics. And how to switch between virtual and reality, and whether the technical route is VR or AR? None of this is known at this time.
Chuang Zhou Mengdi, real and unreal, this is really a philosophical question.
Author: Xu Yuanyao
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