You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
萬通發展(600246):萬通盛安獲得信通院國際先進評定 衞星互聯網領軍者持續取得顯着成果
格隆匯 07-24 00:00
投資要點事件:7 月23 日,萬通發展發佈公吿,關於控股子公司北京萬通盛安通信科學技術發展有限公司的“Ka 波段超稀疏非諧波相控陣天線”取得了中國信息通信研究院《科學技術成果評價報吿》及相關證書,報吿對參加測試的“Ka 波段超稀疏非諧波相控陣天線”項目成果在業內總體達到國內領先、國際先進水平的評價。萬通盛安“Ka 波段超稀疏非諧波相控陣天線”項目成果達到國內領先、國際先進水平:本次萬通盛安Ka 波段超稀疏非諧波相控陣天線綜合性分為540.1 分,項目成果表明,超稀疏非諧波相控陣技術對Ka 頻段衞星通信產業具有廣泛的應用前景,有效地改善傳統相控陣天線成本高、散熱差的產業化難題,該技術可促進高低軌衞星通訊應用市場的發展,對軍用雷達和5G 通信的發展也有借鑑意義,具有理論意義和經濟前景。萬通盛安相控陣雷達天線工作在35GHz 波段,在增益、波束寬度、掃描角度等指標滿足需求的前提下,通過非諧波相控陣原理,大幅縮減了後端通道數量,節省了近480 萬元(樣機制作時)的元器件成本。我們認為,萬通盛安“Ka 波段超稀疏非諧波相控陣天線”項目的成果,表明萬通發展在衞星互聯網布局進一步取得亮眼成績,未來與知融科技共同協同支撐和推進萬通發展戰略轉型。各國及頭部企業相繼加快衞星互聯網部署:2022 年上半年,隨着星鏈系統在實戰中的成功應用,促使全球範圍愈發重視衞星通信的戰略地位及產業建設,7 月上海市人民政府辦公廳發佈《上海市數字經濟發展“十四五”規劃》中表示上海將在“十四五”期間啟動多媒體低軌衞星系統初始組網,分階段建設全球覆蓋、技術先進、高效運行的衞星互聯網。2022 年澳大利亞國防部宣佈正式成立太空司令部,韓國擬建設獨立的航空航天機構。同時頭部企業也相繼加快部署節奏,截止2022 年7 月SpaceX 的星鏈(Starlink)打破該公司在一年內進行的軌道發射記錄,oneweb 計劃2022 年完成第一代星座最初計劃(共648 顆衞星)。盈利預測與投資評級:當前戰略轉型穩步推進,因此我們維持2022-2024年歸母淨利潤分別為2.11 億元、2.43 億元以及2.85 億元,對應的PE 估值分別為102X/89X/76X,我們持續看好萬通發展戰略轉型以及在衞星互聯網關鍵環節的卡位,因此維持“買入”評級。風險提示:戰略轉型進展不及預期;項目進展不及預期。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account