Hong Kong stock concept tracking | Major positive news! Global 6G innovation development cooperation initiative released, institutions optimistic about 6G hardware industry chain development (with concept stocks)

As 5G enters the scale commercial stage, 6G is gradually becoming the focus of global technological innovation. On November 13, at the opening ceremony of the 2024 Global 6G Development Conference held in Shanghai, the IMT-2030 (6G) Promotion Group, in collaboration with the industry, released a global initiative for cooperation in 6G innovation and development. The initiative includes: jointly promoting intergenerational innovation in 6G, expanding the boundaries of mobile communication services, building a 6G network that integrates sensory intelligence and computing innovation, comprehensively upgrading network performance, efficiency, and service capabilities, and ushering in a new era of mobile information. Developing unified global 6G standards, with ITU and 3GPP as the core international standard organizations, creating 6G international standards, and establishing a unified global industrial ecosystem. Deepening 6G technology trials, closely linking them to industry needs, building trial verification platforms, accelerating the optimization and maturity of 6G technology, and creating new support for international standard formulation and industrial development. In addition, Wang Zhiqin, the head of the Chinese 6G Promotion Group, stated in an interview with CCTV News reporters that for the future vision of 6G, she hopes to go beyond traditional communication and achieve a network that includes fusion of perception, data, and AI computing. Currently, including China, 3GPP standard partners in Europe, the United States, Japan, South Korea, and India are jointly developing 6G standards. The technical standard research for 6G will be launched in June 2025, the technical research phase will be completed from 2025 to 2027, and the first version of technical specifications will be completed in March 2029. When talking about the impact of 6G technology on people's daily lives, Wang Zhiqin stated that 6G will transition from the Internet of Things of 5G to the Internet of Intelligent Things. China has always attached great importance to the development of 6G. The "14th Five-Year Plan" outline explicitly stated the need to "strategically layout 6G network technology reserves." In June 2019, under the guidance of the Ministry of Industry and Information Technology and other ministries, the IMT-2030 (6G) Promotion Group was established, with over 70 domestic and foreign enterprises, universities, and research institutions participating. With government support, China's three major operators, major equipment manufacturers, and research institutions are actively deploying 6G technology, strengthening industry-academic-research collaboration, and striving to contribute Chinese wisdom and solutions to the development of global 6G technology. This year, China has made continuous breakthroughs in 6G technology. In February of this year, two low-orbit test satellites carrying the world's first set of 5G and 6G integrated network equipment were successfully launched into orbit. In July of this year, China was the first to build the world's first communication and intelligence integrated 6G field trial network, achieving a comprehensive improvement in communication performance under major 6G scenarios. The huge application scenarios have given rise to an even larger market scale. According to China Mobile Limited's forecast, by 2025, 5G will drive a market size of nearly 10 trillion RMB domestically, and after the commercialization of 6G, an even larger market will be ignited. At the same time, several listed companies have indicated on investor Q&A platforms that they have corresponding layouts in 6G technology. China Mobile Limited (600941.SH) indicated that the company initiated research on 6G in 2018, and has established a Future Research Institute to comprehensively promote the research and development of 5G-A and 6G, and drive the development of unified global 6G standards and industrial ecosystem. It has preliminarily formed a 6G technology system. China Satellite Communications (601698.SH) stated that the company continues to track the development of 6G technology and promote research and development in related areas. Beijing Waluer Information Technology (301380.SZ) mentioned that based on the characteristics of the 6G network, the company continues to strengthen technological advancements related to its main business and actively explores business scenarios related to holographic digital communication applications. ZTE Corporation (000063.SZ) stated that it has initiated key research on 6G technology, with multiple potential candidate technologies for 6G successfully completing prototype verification tests organized by the IMT-2030 (6G) Promotion Group. A research report from Galaxy Securities pointed out that the successful opening of the 2024 Global 6G Development Conference is accelerating the development of 6G. Compared to 5G, the most important aspects of 6G are the convergence of space and AI integration. As cutting-edge technologies in 6G gradually break through, it is expected that the development of the 6G hardware industry chain, led by the three major operators, will be promising. Based on the overall research pace of 6G, the focus on 6G will gradually increase. Relevant concept stocks: China Mobile Limited (00941): In late October, Credit Suisse released a report giving China Mobile Limited (00941) a "buy" rating with a target price of 101.39 Hong Kong dollars. Credit Suisse stated that, based on a forecast of a 10x price-to-earnings ratio and a 7.3% dividend yield for 2025, the valuation of China Mobile Limited remains very attractive. The bank stated that China Mobile Limited's third-quarter performance met expectations, with service revenue and net profit increasing by 1% and 4.6% year-on-year, respectively, while EBITDA decreased by 5% year-on-year, compared to a 1% decrease in the first half of the year. China United Network Communications (00762): In late October, Citigroup released a research report stating that China United Network Communications (00762) third-quarter performance met expectations, with service revenue and total revenue increasing by 2% and 3.3% year-on-year, respectively, roughly in line with market expectations; net profit increased by 7.9% year-on-year to 5.2 billion RMB. A target price of 6.9 Hong Kong dollars was given, with a "buy" rating. The bank mentioned that China United Network Communications added approximately 5 million mobile contract users in the third quarter, reaching 345 million users, and the penetration rate of 5G increased from 80% in the previous quarter to 83%. Cloud service revenue for the first nine months increased by 19.5% year-on-year to 43.9 billion RMB; data center revenue increased by 6.8% year-on-year to 19.7 billion RMB. The bank expects that a change in depreciation policy may have a positive impact on United Communications profit growth, which is expected to remain in double digits this year, and the market is likely to raise its expectations for United Communications.Accurate prediction.China Telecom Corporation (00728): On November 11th, China Telecom Corporation's Guangdong Company and China Telecom Corporation Research Institute, in collaboration with Huawei, completed a commercial trial of 5G indoor low-cost high-precision positioning in Guangzhou. This is the first commercial case in the country to achieve indoor high-precision positioning based on the 5G UTDOA low-cost 1X solution, significantly reducing the cost of achieving high-precision positioning using 5G cellular networks while ensuring the positioning service experience. ZTE Corporation (00763): The company has initiated research on key technologies for 6G, and has engaged in exchanges and cooperation with industry peers. Several potential candidate technologies for 6G have successfully completed prototype verification tests organized by the IMT-2030 (6G) promotion group.