㈠ 縐誨姩浜掕仈緗戣偂紲ㄩ緳澶磋偂鏈夊摢浜涳紵
縐誨姩浜掕仈緗戣偂紲ㄩ緳澶磋偂鏈夊摢浜涳紵
縐誨姩浜掕仈緗戣偂紲ㄩ緳澶村寘鎷鑵捐銆侀樋閲屽反宸淬佷含涓滅瓑銆傝繖浜涘叕鍙稿湪縐誨姩浜掕仈緗戦嗗煙鎷ユ湁騫挎硾鐨勭敤鎴峰熀紜鍜屽己澶х殑騫沖彴瀹炲姏銆傛姇璧勮呴夋嫨縐誨姩浜掕仈緗戦緳澶磋偂紲ㄦ椂錛屽彲浠ヨ冭檻榪欎簺鍏鍙哥殑鐢ㄦ埛瑙勬ā銆佷笅闈㈠皬緙栧甫鏉ョЩ鍔ㄤ簰鑱旂綉鑲$エ榫欏ご鑲℃湁鍝浜涳紝甯屾湜澶у跺枩嬈銆
縐誨姩浜掕仈緗戣偂紲ㄩ緳澶磋偂鏈夊摢浜
浜掕仈緗戣偂紲ㄦ湁錛氶噾鏅虹戞妧002090銆佸浗鑴夌戞妧002093銆佷笁緇撮氫俊002115絳夈
閲戞櫤縐戞妧錛屾簮浜庝腑鍥界櫨騫村悕鏍♀斾笢鍗楀ぇ瀛︼紝鍒涚珛浜1995騫達紝鎬婚儴浣嶄簬鍗椾含奼熷畞緇忔祹鎶鏈寮鍙戝尯銆2006騫達紝閲戞櫤縐戞妧鍦ㄦ繁浜ゆ墍鎴愬姛涓婂競錛岃偂紲ㄤ唬鐮002090銆
鍥借剦縐戞妧鍒涘緩浜1996騫寸殑鍥借剦縐戞妧鏄涓鍥界數淇¤繍緇村栧寘甯傚満鐨勫紑鎷撹呭拰琛屼笟鏍囧噯鍒惰㈣呬箣涓銆傚叕鍙歌嚜鍒涚珛涔嬪嬪嵆涓撴敞浜庣涓夋柟鐢典俊澶栧寘鏈嶅姟渚涘簲鍟嗙殑瀹氫綅錛岃嚧鍔涗簬涓哄㈡埛鎻愪緵鏍囧噯瑙勮寖鍖栥佽法瓚婂氳懼囧巶瀹躲佽瘡絀垮氫駭鍝佺嚎鐨勫畬鏁磋屼赴瀵岀殑閫氫俊鏈嶅姟瑙e喅鏂規堬紝緇忓巻浜嗙數淇¤繍緇村栧寘甯傚満鑷钀岃娊鎺㈢儲鏈熻嚦钃鍕冩垚闀挎湡鐨勬紨榪涘巻紼嬨
涓夌淮閫氫俊鑲′喚鏈夐檺鍏鍙告垚絝嬩簬1993騫5鏈堬紝鏄鍥藉墮噸鐐歸珮鏂版妧鏈浼佷笟錛屽浗瀹朵紒涓氭妧鏈涓蹇冿紝鍥介檯涓繪祦鐨勭Щ鍔ㄩ氫俊緗戠粶寤鴻句緵搴斿晢鍙婄Щ鍔ㄤ簰鑱旂綉淇℃伅緇煎悎鏈嶅姟鍟嗭紝鑷村姏浜庡悜嫻峰唴澶栧㈡埛鎻愪緵涓撲笟鐨勬棤綰胯嗙洊銆佹棤綰垮畨鍏ㄣ佹棤綰跨綉緇溿佸伐涓氱墿鑱旂綉銆侀氫俊璁炬柦縐熻祦銆佸崼鏄熼氫俊銆佷簰鑱旂綉鍐呭硅惀閿涓氬姟絳夐嗗煙鐨勪駭鍝佸強榪愯惀鏈嶅姟銆
浜掕仈緗戞澘鍧楅緳澶磋偂紲ㄦ湁鍝浜
涓銆佷笁鍏闆(601360)
1.浜掕仈緗戦緳澶磋偂錛屽緩璁劇綉緇滅┖闂村畨鍏ㄧ爺鍙戜腑蹇冿紝鍗囩駭鍙婃嫇灞曠郴緇熷畨鍏ㄣ佺綉緇滃畨鍏ㄣ両OT(涓囩墿浜掕仈)瀹夊叏鐨勭爺鍙戱紝騫朵笖緔ц窡褰撳墠浜戣$畻銆佷漢宸ユ櫤鑳姐佸ぇ鏁版嵁鍙婂伐涓氫簰鑱旂綉鐨勫彂灞曡秼鍔匡紝鎻愬崌涓夊叚闆跺湪瀹夊叏鏂歸潰鐨勮嚜涓誨壋鏂拌兘鍔涘拰鐮斿彂瀹炲姏銆
2.鍦ㄩ熷姩姣旂巼鏂歸潰錛屼粠2017騫村埌2020騫達紝鍒嗗埆涓3.02%銆3.76%銆4.66%銆4.15%銆傚浗鍐呭皯鏁板嚑瀹舵嫢鏈夊ぇ瑙勬ā鎼滅儲寮曟搸鐨勪簰鑱旂綉鍏鍙鎬箣涓錛屸360鈥濆凡鎴愪負鍥藉唴浜掕仈緗戝強浜掕仈緗戝畨鍏ㄩ嗗煙鍐呯殑鐭ュ悕鍝佺墝;
3.鍏鍙哥珛瓚充簬浜掕仈緗戝畨鍏錛屾彁渚360瀹夊叏鍗澹銆360鏉姣掋360瀹夊叏嫻忚堝櫒銆360鎵嬫満鍔╂墜絳変竴緋誨垪鍏ㄦ柟浣嶇殑瀹夊叏搴旂敤浜у搧;
4.涓昏惀浜掕仈緗戞妧鏈(鐗瑰埆鏄浜掕仈緗戝畨鍏ㄦ妧鏈)鐨勭爺鍙戝強緗戠粶瀹夊叏浜у搧鐨勮捐°佺爺鍙戙佽繍钀ワ紝浠ュ強鍩轟簬緗戠粶瀹夊叏浜у搧鐨勪簰鑱旂綉騫垮憡鍙婃湇鍔°佷簰鑱旂綉澧炲兼湇鍔°佹櫤鑳界‖浠朵笟鍔$瓑鍟嗕笟鍖栨湇鍔;鎴鑷2017騫存湯錛屼笁鍏闆剁戞妧PC瀹夊叏浜у搧鐨勫競鍦哄崰鏈夌巼涓95.66%銆
5.浠庤繎浜斿勾鍑鍒╂鼎澶嶅悎澧為暱鏉ョ湅錛岃繎浜斿勾鍑鍒╂鼎澶嶅悎澧為暱涓11.69%錛岃繃鍘諱簲騫村噣鍒╂鼎鏈浣庝負2016騫寸殑18.72浜垮厓錛屾渶楂樹負2019騫寸殑59.80浜垮厓銆
浜屻佷笁涓冧簰濞(002555)
1.浜掕仈緗戦緳澶磋偂錛屽叕鍙歌仛鐒︿互縐誨姩娓告垙鍜岀綉欏墊父鎴忕殑鐮斿彂銆佸彂琛屽拰榪愯惀涓哄熀紜鐨勬枃鍖栧壋鎰忎笟鍔★紝鍚屾椂甯冨矓5G浜戞父鎴忋佸獎瑙嗐侀煶涔愩佸姩婕銆乂R/AR銆佹枃鍖栧仴搴蜂駭涓氥佷簰鑱旂綉灝戝効鏁欒偛銆佺ぞ浜ゆ枃濞辯瓑棰嗗煙銆
2.浠庤繎浜斿勾鍑鍒╂鼎澶嶅悎澧為暱鏉ョ湅錛岃繎浜斿勾鍑鍒╂鼎澶嶅悎澧為暱涓26.74%錛岃繃鍘諱簲騫村噣鍒╂鼎鏈浣庝負2018騫寸殑10.09浜垮厓錛屾渶楂樹負2020騫寸殑27.61浜垮厓銆
涓夈佷笁涓冧簰濞
1.浜掕仈緗戦緳澶磋偂銆12鏈10鏃ユ秷鎮錛屼笁涓冧簰濞辨埅鑷13鏃49鍒嗭紝璇ヨ偂娑0.32%錛屾姤25.04鍏;5鏃ュ唴鑲′環涓婃定5.17%錛屽競鍊間負552.25浜垮厓銆
2.鍦ㄩ熷姩姣旂巼鏂歸潰錛屼粠2017騫村埌2020騫達紝鍒嗗埆涓2.54%銆2.1%銆2.44%銆1.29%銆侲STSOFT鐨勪富瑕佷笟鍔″寘鍚鎻愪緵PC鐢ㄦ埛鏃ュ父浣跨敤鐨勮稿氳蔣浠舵湇鍔★紝緗戠粶瀛樺偍鏈嶅姟鍜岀粡钀ヤ簰鑱旂綉鎼滅儲闂ㄦ埛緗戠珯錛岄煩鍥90%浠ヤ笂鐨凱C鐢ㄦ埛閮藉湪浣跨敤鍏鍙哥殑杞浠朵駭鍝併
5g姒傚康鑲′腑鍝浜涙槸鐪熸g殑榫欏ご
絎浜斾唬縐誨姩閫氫俊鎶鏈(5g)鏄鏂頒竴浠e藉甫縐誨姩閫氫俊鎶鏈錛屽叿鏈夐珮閫熺巼銆佷綆鏃跺歡銆佸ぇ榪炴帴鐨勭壒鐐廣傚畠鏄瀹炵幇浜烘満鍜屽硅薄浜掕仈鐨勭綉緇滃熀紜璁炬柦銆傚浗闄呯數淇¤仈鐩(ITU)瀹氫箟浜嗕笁綾5g搴旂敤鍦烘櫙錛屽垎鍒鏄澧炲己縐誨姩瀹藉甫(embB)銆佽秴楂樺彲闈犳у拰浣庢椂寤墮氫俊(urllc)鍜屾搗閲忔満鍣ㄩ氫俊(mmtc)銆傚炲己鍨嬬Щ鍔ㄥ藉甫(embB)涓昏侀拡瀵圭Щ鍔ㄤ簰鑱旂綉嫻侀噺鐨勭垎鍙戝紡澧為暱錛屼負縐誨姩浜掕仈緗戠敤鎴鋒彁渚涙洿鏋佽嚧鐨勫簲鐢ㄤ綋楠;瓚呴珮鍙闈犱綆鏃跺歡閫氫俊(urllc)涓昏佸簲鐢ㄤ簬宸ヤ笟鎺у埗銆佽繙紼嬪尰鐤椼佽嚜鍔ㄩ┚椹剁瓑瀵規椂寤跺拰鍙闈犳ц佹眰杈冮珮鐨勫瀭鐩磋屼笟;澶т紬鏈哄櫒閫氫俊(mmtc)涓昏侀潰鍚戞櫤鑳藉煄甯傘佹櫤鑳藉跺眳銆佺幆澧冪洃嫻嬬瓑浠ヤ紶鎰熷拰鏁版嵁閲囬泦涓虹洰鏍囩殑搴旂敤銆
1.涓轟簡婊¤凍5g澶氭牱鍖栧簲鐢ㄥ満鏅鐨勯渶奼傦紝5g鐨勫叧閿鎬ц兘鎸囨爣鏇村姞澶氭牱鍖栥侷TU瀹氫箟浜5g鐨勫叓澶у叧閿鎬ц兘鎸囨爣錛屽叾涓楂橀熺巼銆佷綆鏃跺歡銆佸ぇ榪炴帴鎴愪負5g鏈紿佸嚭鐨勭壒鐐廣
2.鐢ㄦ埛浣撻獙鐜囦負1Gbps錛屽歡榪熶綆鑷1ms錛岀敤鎴瘋繛鎺ュ歸噺涓100涓囪繛鎺/km2銆傝嚜2017騫10鏈堟繁鍦抽栦釜5g璇曢獙鍦哄惎鐢ㄤ互鏉ワ紝5g浜т笟閾懼彂灞曞緱鍒板揩閫熸帹榪涖2018騫6鏈堬紝3GPP鍙戝竷棣栦釜5g鏍囧噯(release-15)錛屾敮鎸5g鐙絝嬬粍緗戱紝閲嶇偣澧炲己縐誨姩瀹藉甫涓氬姟銆
3.2020騫6鏈堬紝鍙戝竷浜唕elease-16鐗堟湰鏍囧噯錛岄噸鐐規敮鎸佷綆鏃跺歡銆侀珮鍙闈犳ф湇鍔★紝鏀鎸佽濺杈5g浜掕仈緗戙佸伐涓氫簰鑱旂綉絳夊簲鐢ㄣ俽elease-17(R17)鐗堟湰鏍囧噯灝嗛噸鐐瑰疄鐜板樊寮傚寲鐨勭墿鑱旂綉搴旂敤鍜屼腑楂橀熷ぇ瑙勬ā榪炴帴銆傝″垝浜2022騫6鏈堜笂鏄犮
4.5g浣滀負涓縐嶆柊鍨嬬殑縐誨姩閫氫俊緗戠粶錛屼笉浠呰佽В鍐充漢涓庝漢涔嬮棿鐨勯氫俊錛屼負鐢ㄦ埛鎻愪緵澧炲己鐜板疄銆佽櫄鎷熺幇瀹炪佽秴楂樻竻(3D)瑙嗛戠瓑鏇村叿娌夋蹈鎰熺殑鏋佽嚧鍟嗕笟浣撻獙錛岃繕瑕佽В鍐充漢涓庣墿銆佺墿涓庣墿涔嬮棿鐨勯氫俊錛屾弧瓚崇Щ鍔ㄥ尰鐤椼佽濺鑱旂綉銆佹櫤鑳藉跺眳銆佸伐涓氭帶鍒躲佺幆澧冪洃嫻嬬瓑鐗╄仈緗戠殑搴旂敤闇奼傘傛渶鍚庯紝5g灝嗘笚閫忓埌緇忔祹紺句細鐨勫悇涓琛屼笟鍜岄嗗煙錛屾垚涓烘敮鎾戠粡嫻庣ぞ浼氭暟瀛楀寲銆佺綉緇滃寲銆佹櫤鑳藉寲杞鍨嬬殑鍏抽敭鏂板熀紜璁炬柦銆
鍏充簬縐誨姩浜掕仈緗戠殑鑲$エ鏈夊摢浜?
鏄熺綉閿愭嵎(002396)浼佷笟綰х綉緇滆懼囧浗鍐呭巶鍟嗙殑榫欏ご浼佷笟:鍏鍙稿湪浼佷笟緗戠粶甯傚満涓浠8.1%鐨勫競鍦哄崰鏈夌巼浣嶅垪鍥藉唴鍘傚晢絎涓浣,鐩鍓嶅湪閲戣瀺琛屼笟鐨勪富嫻佽懼囧巶鍟嗕腑浠7%鐨勫競鍦轟喚棰濅綅鍒楃鍥;鍦ㄦ暀鑲查嗗煙,鍏鍙鎬互澶х害30%鐨勫競鍦哄崰鏈夌巼浣嶅垪鏁欒偛琛屼笟絎涓鍝佺墝銆
涓鍏撮氳(000063)鍏鍙鎬富钀ョ數淇$綉緇滆懼囧拰緋葷粺闆嗘垚,鏄鏈鍦熸渶澶х殑CDMA緋葷粺渚涘簲鍟,涔熸槸嫻峰栭攢鍞瑙勬ā鏈澶т腑鍥紺D-MA璁懼囧巶鍟嗕箣涓銆備腑鍏撮氳鏄涓鍥戒袱瀹墮嗗厛鐨勭綉緇滅‖浠跺巶鍟嗕箣涓,鍏朵駭鍝佽寖鍥村寘鎷鏃犵嚎閫氫俊銆佹湁綰塊氫俊銆佹暟鎹/鍏夌氦璁懼囧拰鎵嬫満浠ュ強鏈嶅姟/杞浠躲傚叕鍙稿湪涓鍥藉浗鍐呭競鍦轟喚棰濅笂鍗犳嵁棰嗗厛鍦頒綅銆
鐑界伀閫氫俊(600498)鐑界伀閫氫俊鏄鐩鍓岮鑲′笂甯傜殑鍞涓涓瀹墮泦閫氫俊璁懼囥佸厜綰ゅ厜緙嗐佸厜綰ら勫埗媯掋佺綉緇滄暟鎹浜у搧浠ュ強綆變綋浜у搧鍒墮犱簬涓浣撶殑閫氫俊琛屼笟鍒墮犲晢銆傚湪鍥藉唴甯傚満,鍏鍙告垚鍔熷疄鐜頒簡鏂頒竴浠g綉緇滀駭鍝佸湪涓繪祦榪愯惀鍟嗙殑甯傚満甯冨矓,涓昏佷駭鍝佸湪榪愯惀鍟嗛泦閲囦腑鍧囨垚鍔熷叆鍥,甯傚満浠介濈ǔ涓鏈夊崌銆
澶╁柣淇℃伅(300205)鍏鍙稿凡緇忔垚鍔熶腑鏍囧叏鍥藉氫釜鐪佸競鐨勬棤綰垮煄甯傚緩璁鵑」鐩錛屼竴涓炬垚涓烘棤綰垮煄甯傝繍钀ヤ笌鏈嶅姟鐨勯緳澶翠紒涓氫箣涓銆
鍥芥皯鎶鏈(300077)鐩鍓嶄腑鍥界Щ鍔ㄦd笌鐢典俊銆佽仈閫氬拰閾惰仈絝炰簤鎴愪負鏈鏉ョЩ鍔ㄦ敮浠樺浗瀹舵爣鍑嗙殑鍒跺畾鑰,濡傛灉涓鍥界Щ鍔ㄥ湪鎵嬫満鏀浠橀嗗煙閲囩敤2.4G鎶鏈,鍥芥皯鎶鏈灝嗘垚涓轟腑鍥界Щ鍔ㄧ殑鐙瀹惰姱鐗囦緵搴斿晢銆
鐢熸剰瀹(002095)鐢熸剰瀹濇槸涓鍥介嗗厛鐨勭涓夋柟B2B鐢靛瓙鍟嗗姟騫沖彴銆傚叕鍙告嫙鍦ㄦ澀宸炲競鎶曡祫璁劇珛鍏ㄨ祫瀛愬叕鍙,緇忚惀闈為噾鋙嶆満鏋勪簰鑱旂綉鏀浠樹笟鍔°
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