Judging from the contents of the government work report this year and the “12th Five-Year Plan” outline adopted by the “two sessions”, the information and communication industry is still an important pillar of the country and a leading industry. It plays an important role in national economy, social management and people’s livelihood services. Industrial companies and scientists and technicians have an important mission. Communication stocks in the A-share market also responded positively to this positive trend, with the sector gains significantly higher than the broader market.

According to the statistics of the Securities Daily Market Research Center, 2.1 billion main funds rushed to collect 25 shares yesterday, the communications industry index closed at 2663.88 points, an increase of 2.18%, outperforming the Shanghai Composite Index 2.05 percentage points, volume 4244096, turnover of 627797 million yuan, The turnover rate was 1.14%.

The industry's latest price-earnings ratio of 53.47 times, higher than the market average, due to policy support, performance in the next few years is expected to significantly increase, so the agency forecasts 2010 static price-earnings ratio will be reduced to 43.96 times, predicting that 2011 will fall back to 30.71 Times, in 2012 continued to fall to a normal level of 21.68 times, with the improvement of performance, some of the industry's stock investment opportunities appear.

Due to the limitation on the number of annual reports published, the industry’s financial data will be introduced in the third quarter. For the first three quarters of the year, the net profit attributable to shareholders of the parent company will be 746,909,100 yuan. The earnings per share will be 0.1731 yuan, and the net assets per share will be 3.6311 yuan. The total operating income was 5.8937 yuan, the net cash flow from operating activities per share was 1.1516 yuan, and the return on net assets was 5.20% (industry data were weighted average income).

According to the monitoring of main funds, yesterday's A-shares showed a net outflow of main capital, with an outflow of 3.66 billion yuan, while the communications industry was negatively funded by the main funds, representing a net inflow of 53.06.660 million yuan in main funds, with an average net inflow of main funds per share. RMB 829,200, showing that the main force has already had a layout action for the leading stocks in the industry, it deserves special attention.

Of the 68 stocks in the communications industry, 25 stocks showed a net inflow of main capital yesterday, accounting for 36.76% of the total number of stocks in the industry. The net inflows of main capital inflows totaled 21,313.43 million yuan, with an average of 8.524 million net inflows per main capital. yuan. Among them, the number of stocks with a net capital inflow of more than 17 million yuan reached four, namely: China Unicom (6656.624 million yuan), ZTE (393.43 million yuan), Yiyang ICT (329.291 million yuan), Zhongtian Technology (1744.934). Million).

From the perspective of gains, there were 45 communications stocks rose yesterday and they were very active. Among them, 6 stocks rose more than 3%, Yiyang ICT (7.37%), ZTE (5.55%), Xinjialian ( 4.44%), Zhongtian Technology (4.23%), Fiberhome Communications (3.56%), Digital Source Technology (3.53%). It is not difficult to find that the flow and increase of major capital are relatively difficult. ZTE, Yiyang ICT, and Zhongtian Technology are still hot for the main fund while rising sharply. This phenomenon deserves attention.

ZTE is a leading telecommunications equipment company. The Group is one of the leading telecommunications equipment suppliers in the China telecommunications market. Its major products have also successfully entered the global telecommunications market. 2011 performance report shows that in 2010, earnings per share of 1.18 yuan, net assets per share of 8.24 yuan, fully diluted net assets return rate of 14.09%. In 2010, the company achieved operating revenue of 70,332,280,000 yuan, an increase of 16.69% over the previous year; the net profit attributable to shareholders of listed companies was 322,425,100 yuan, an increase of 32.39% over the previous year. The increase in total profit and net profit was mainly due to: The company’s sales growth has increased; the listing of the company’s affiliated company National Technology Co., Ltd. led to the company’s recognition of investment income. CIC Securities gives a "strongly recommended" rating in its latest investment rating.

Yiyang Xineng was the largest telecommunications stocks yesterday. The company has considerable advantages in telecommunications. The company’s two core business areas are information and communications technology (ICT) and intelligent transportation (ITS). The company has core competition. Due to its relatively large market share, NMG's network management products will maintain irreplaceable advantages in the future. According to the third quarterly report of 2010, among the top ten circulating shareholders, five institutions totaled 29,963,600 new shares, including 11 million new growth in E Fund's strategic growth. It can be seen that the institution’s attention to the stock is relatively high. Meanwhile, Minsheng Securities The stock made a "carefully recommended" rating.

4G Technology Business Benefits 12 Shares in the First Year On February 14th, the World Mobile Communications Conference was held at the Barcelona Convention and Exhibition Center in Spain. The World Mobile Communications Conference is one of the world's top activities in the mobile communications industry. The main topics of this conference are the latest developments in the fields of application products, mobile medical care, embedded software, and new-generation communication technologies, and 4G technology LTE has become an important hot spot for this conference.

On the 14th, local time, Wang Jianzhou, chairman of China Mobile, pointed out at the LTE-TDD/FDD summit that the mobile Internet era is also an era of TDD technology, and the TD-LTE industry and internationalization have made breakthrough progress. 2011 will become TD. -The first year of commercial use of LTE.

According to Wang Jianzhou, China Mobile’s mobile data traffic surged in 2010. This huge demand has led to the commercialization of LTE. He also pointed out that TD-LTE technology has its advantages, more flexibility in resources and frequency bands, and can meet the natural demand for Internet traffic growth. Currently, there are more than 26 TD-LTE test networks in China, India, Europe and North America. Many operators began to consider the introduction of TD-LTE. It is time to jointly promote this technology.

In the just concluded “two sessions,” Wang Jianzhou, chairman of China Mobile, also proposed that China’s dominant TD-LTE technology should occupy the commanding heights in competition with foreign standards, and should plan and lay out as soon as possible to expand and upgrade the international independent innovation technology. Influence, achieve global application promotion.

The explosive growth of wireless data traffic brought about by the rapid development of the mobile Internet has created a huge demand for broadband wireless networks. Driven by this demand, internationally, the construction of a mobile communication network with LTE as the mainstream has been actively carried out. TeliaSonera opens LTE network in Helsingborg, Sweden, and will provide LTE service in 218 regions in 2011; AT&T launches LTE service in mid-2011, covering 70 million to 75 million people, and plans to launch LTE mobile phone in 2011; DoCoMo at the end of 2010 in Japan Some regions have launched LTE commercial services; Korea's largest operator, SK Telecom, has commercial LTE in 2011.

CSC analysts pointed out that this trend of international LTE development will bring new opportunities for the application of China’s dominant TD-LTE technology in the world. The major beneficiaries of listed companies include Datang Telecom, Tianyin Holdings, Fiberhome Communications, Dongfang Communications, Hengxin Mobile, ZTE, Ultrasonic Electronics, 3D Communication, National Technology, Shanghai Belling, Yiyang ICT, and Latitude Communications.

The operator bidding and start-up equipment supplier Pegasus recently revealed that operators started communications equipment procurement bidding. The relevant tenders were mainly concentrated on China Mobile's 4G trial network bidding, TD5 tender, GSM expansion bidding, and China Telecom broadband bidding.

On February 16th, the general manager of China Telecom Wang Xiaochu said that the access bandwidth of broadband users of China Telecom will increase by more than 10 times in 3-5 years, and plans to achieve all within 3 years. Urban fiber optics. According to the overall solution of China Telecom's “Optical Network City,” urban areas plan to add 30 million FTTH households in 2011, accumulating 40 million households. In 2011, the broadband equipment purchased by China Telecom was mainly fiber optics and terminal equipment. The total purchase volume was 19 million. The final result is expected to be announced in the second quarter.

At the same time, China Mobile’s 4G trial construction network adopts the “6+1” plan, six cities in Shanghai, Hangzhou, Nanjing, Guangzhou, Shenzhen, and Xiamen have launched scale trials and built a TD-LTE demo network in Beijing, with about 500 deployments in each city. The total number of base stations and base stations is 3,060, and the total investment is over 1.5 billion yuan. China Mobile’s centralized equipment procurement process has not yet been completed and it is expected that the tender may be issued by the end of March or later. Although the experimental network investment is not large, the construction of the experimental network is a preview of the 4G era horse racing circle, which has a great influence on the market share of relevant equipment manufacturers in the 4G era.

In the same period, China Mobile began bidding for centralized procurement of TD-SCDMA Phase 5 equipment in several provinces and cities including Jilin and Guangdong Shaoguan. The TD-SCDMA Phase 5 scale is less than four, mainly covering network coverage and indoor coverage, etc. The results have not yet been announced.

With the substantial increase in the number of users, China Mobile has increased the expansion of GSM networks and the replacement of old and new equipment. In February, China Mobile launched a bidding and acquisition tender for GSM equipment with nearly 2 million carriers. The bidding results will be announced in the second quarter. It is estimated that the total amount of collective procurement will be about 20 billion yuan, mainly including base station equipment and related equipment. Participating vendors will mainly focus on such major equipment suppliers as Ericsson, Nokia Siemens, Alcatel Shanghai Bell, Huawei, ZTE and Fiberhome.

In this regard, Shanghai Securities analysts believe that although the experimental network investment is not large, but the experimental network construction is a preview of the 4G era staking enclosures, the relevant equipment vendors in the 4G era of market share has a great influence. It is expected that the total amount of broadband equipment tendered by China Telecom in 2011 will reach 30 million, an increase of 66.7% year-on-year. The related beneficiary companies are mainly concentrated in optical equipment manufacturers ZTE, Fiberhome Communications, Hengtong Optoelectronics, and Sunsea Communications, Shiji Dingli. Wait.

The upgrading of communication facilities has brought opportunities for various sub-blocks. Recently, according to the development of the telecommunications industry announced by the National Bureau of Statistics, during the “Eleventh Five-Year Plan” period, the investment in fixed assets of the national telecommunications industry was 1,462.19 billion yuan, an average annual increase of 8.8%; telecommunications services The total volume rose to 3,095.94 billion yuan, an average annual increase of 22.0%.

Therefore, the CITIC Investment Industry report pointed out that in 2010, due to the recovery of overseas economies and the shift of manufacturing industries to emerging countries, all communications equipment companies displayed beautiful performance reports (except Wuhan Fangu). In 2011, the international industry continued to recover. The investment of domestic operators is expected to be better than that of 2010. In 2011, the domestic and foreign industry environment was better than that of 2010, and continued to favor the communications equipment sector and maintain its “overweight” rating. The performance of typical communication service industry companies also showed a good growth. With the recent positive development of the industry, ZTE Corporation and Guomai Technology, as well as the optical communication industry, are the key recommendations.

During the 12th Five-Year Plan period, the upgrade of communication facilities brought investment opportunities for various sub-blocks, from optical communications and value-added services to WLAN access. Everbright Securities believes that such a pattern will continue in the future. Based on fundamentals, grasping the investment rhythm becomes the key. Continue to recommend ZTE, Fiberhome Communications, Sunsea Communications, China Star Ventures, and DeeVille Video. Investors are advised to pay active attention.

Shanghai Securities in the latest industry report gives the industry an "attractive" rating for the communications and related equipment industries within the next twelve months. Focus on stocks: ZTE, Fiberhome Communications, Hengtong Optoelectronics and Century Dingli.

Ping An Securities analyst believes that actively deploy the end-to-end network of leading companies Century Ding Li, China Innovation Test. Century Dingli and Zhongchuang Xinjian are the leading enterprises in domestic network optimization and signaling monitoring, and have a great advantage in the relationship between signaling monitoring technology and operator customers. Among them, Dingli Century is the leader in air optimization equipment, with the market share first. In 2010, it had a turnover of 460 million yuan. Zhongchuang Xinchen is the leading market leader in core network signaling and has the largest market share. It is estimated that the turnover in 2010 will be nearly 300 million yuan. With a market size of more than ten billion, the two companies have great room for development. It is recommended to actively deploy the leading companies in the end-to-end network deployment to grasp the high-speed investment opportunities in the industry. The communications industry's main fund net inflow stocks yesterday list code name yesterday's main capital flow (million) latest (yuan) rose 600050 China Unicom 6556.62 5.94 1.89%

000063 ZTE 3936.43 33.45 5.55%

600289 billion Yang Xintong 3299.21 13.99 7.37%

600522 Zhongtian Technology 1744.93 30.09 4.23%

000909 Number Source Technology 723.52 11.16 3.53%

600118 China Satellite 712.56 24.56 1.61%

600487 Hengtong Optoelectronics 554.15 35.52 2.66%

600345 Yangtze River Communication 551.72 17.09 2.27%

600130 ST waveguide 492.90 5.04 0.60%

002188 Xinjialian 483.68 11.52 4.44%

600260 Keller Science and Technology 422.18 7.25 1.68%

300038 Meteor 318.94 20.13 2.39%

002115 Three-dimensional communication 253.40 18.81 2.62%

300177 China Haida 249.47 58 1.97%

300098 Gao Xinxing 167.69 33.3 1.28%

000070 Special information 153.33 11.48 2.68%

600775 Nanjing Panda 134.24 8.4 2.82%

000586 ST Huiyuan 131.32 7.77 2.37%

300167 DV Video 118.15 51.23 2.15%

002544 Jesse Technology 48.46 32.95 2.08%

000035 *ST Kejian 47.31 8.8 2.56%

002194 Wuhan Fangu 42.48 14.26 1.71%

002446 Sheng Road Communication 35.18 28.25 0.93%

300081 Hang Shun Mobile 22.19 28.73 1.88%

200468 Ning B 13.36 5.11 -1.16%