The progress of 6G research and development has attracted attention, and nearly 200 institutions have quickly investigated!

Securities Times E Company

2024-05-26 13:29Published on the official account of "E Company" under Guangdong Securities Times

This week (May 20-24), the A-share market generally fell, and the Shanghai Composite Index fell 2.07% for the week, closing at 3088.87 points. The Shenzhen Component Index and ChiNext Index fell by 2.93% and 2.49% respectively for the week.

On the disk, the industry (Shenwan level) index fell more and rose less. Among them, only four industries, including public utilities, coal, banking, agriculture, forestry, animal husbandry and fishery, achieved positive returns, while the rest of the industries fell throughout the week, with light manufacturing and real estate leading the decline. In the concept sector, the chicken industry, hydropower, pig industry and coal are active.

This week, the popularity of institutional research has not decreased. Wind data shows that as of 16:00 on May 24, 253 listed companies received institutions and disclosed research records during the week.

During the week, the stock money-making effect of the institutional research company was differentiated, and its China Energy Rixin and Guoxin Health achieved the first board of the week on May 24, and the power stocks of Guoneng Rixin and the medical stocks of Guoxin Health all touched the daily limit. The stock prices of Shengyi Technology, Jiangsu Shentong and other companies hit a new high in the past 5 days during the week. However, there are still 188 surveyed stocks with negative weekly returns.

In terms of popular research stocks, the phenomenon of institutions gathering together for research has decreased significantly during the week, and only two companies, Shengyi Technology and Huatie Emergency, have been surveyed by more than 100 institutions. The two companies were surveyed by 191 and 182 institutions respectively during the week.

Shengyi Technology is mainly engaged in the design, production and sales of copper clad laminates, bonded sheets and printed circuit boards, and its product range covers single-sided and double-sided circuit boards and high-multilayer circuit boards. From the perspective of downstream terminals, these products are widely used in high computing power, AI servers, 5G antennas, new generation communication base stations, mainframe computers, high-end servers, aerospace industry, etc. Up to now, the latest total market value of Shengyi Technology is 46.8 billion yuan.

During the investigation, the institution focused on the certification of Shengyi Technology in the data communication market and AI field, as well as the company's technical reserves or research and development of 6G.

According to Shengyi Technology, the company's ultra-low loss materials have passed the material certification of a number of North American and domestic end customers. Looking forward to the server market demand in the next five years, it is estimated that the global server shipments will be about 13.654 million units in 2024, an increase of about 2.05%; Among them, AI server shipments accounted for 12.1%.

In terms of 6G, Shengyi Technology said that 6G communication involves a variety of technologies, countries and communication terminals are still in pre-research, the company has been closely following customer needs in research, including the research and development of extremely low transmission rate products, the performance design and development of RF products, as well as years of cooperation and development with the upstream and downstream industry chain, and the mastery and application of various independent innovation process technologies.

Huatie Emergency is also a popular stock in this week's institutional survey, and many well-known institutions such as Jinglin Assets, Gaoyi Assets, China Universal Fund, and ICBC Credit Suisse Fund gathered. The focus of the institution's attention is on the impact of the change of actual controller on the company's development.

According to the announcement issued by Huatie Emergency on May 20, the actual controller of Huatie Emergency intends to be changed to Hainan Provincial State-owned Assets Supervision and Administration Commission. According to the announcement, Hu Danfeng, the controlling shareholder of the company, is planning to transfer part of the shares to Hainan Haikong Industrial Investment Co., Ltd. (hereinafter referred to as "Haikong Industrial Investment") by agreement. If the above matters are reached, the controlling shareholder of the company will be changed to Haikong Industrial Investment, and the actual controller will be changed to Hainan State-owned Assets Supervision and Administration Commission.

Huatie Emergency is mainly engaged in aerial work platform leasing services, building support equipment leasing services and underground repair and maintenance services. In the past four years, Huatie Emergency's revenue and net profit have been showing a positive growth trend. In 2023, Huatie Emergency will achieve operating income of 4.444 billion yuan, a year-on-year increase of 35.55%, and the total revenue of aerial work platforms and building support equipment products will account for 99.3% of the company's total revenue.

Huatie Emergency said in response to the agency's research questions that the company's development strategy will not change after the change of the company's actual controller. In recent years, the company has firmly developed its equipment leasing business, continued to expand its equipment management scale, steadily promoted its digital and asset-light strategies, gradually emerged its advantages in online and offline business channels, and continued to improve its operating efficiency. In this cooperation, Hainan Holdings highly recognizes the company's long-term development strategy, and will empower Huatie to coordinate funds, business, credit and other aspects for emergency response, and help the company become the world's leading equipment operator.

According to Huatie Emergency, Hainan Province is actively cultivating new quality productivity such as AI intelligent computing training centers. As the only free trade port in mainland China, Hainan Province's free trade port policy advantages can provide important support for the development of AI intelligent computing construction. Therefore, the company's emerging business is in line with the development trend of the country and the industrial positioning of the Hainan Free Trade Port, and the strategic direction of the two parties is highly consistent.

Huatie Emergency also responded that Hainan Holdings, the parent company of Haikong Industrial Investment, is a state-owned enterprise with AAA credit rating in Hainan Province. After Hainan state-owned assets become the owner, the company's board of directors and board of supervisors will change, and the general manager will be Hu Danfeng, the original actual controller.

In terms of financing, the company will combine Hainan Holdings' AAA credit rating resources and the credit advantages of state-owned enterprises to comprehensively optimize the capital side. The existing financing cost of Huatie Emergency is 5%-5.5%, which is expected to be reduced to about 3% in the future with reference to the financing cost of Hainan Holdings, which is expected to significantly reduce the financing cost.

After the completion of this transaction, Hainan State-owned Assets will fully empower the company's strategic development from three aspects: capital, business and strategy, and Hainan Holdings will continue to focus on the company's strategy, give full play to the institutional and policy advantages of Hainan Free Trade Port, and boost the rapid development of the company's main business, intelligent computing business and other sectors.

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