With the establishment of a new company, the reorganization of the Wuhan Academy of Posts and Electrical Engineering has settled.
"Currently, the newly established company is still undergoing registration and other procedures." On July 4, a person in charge of the Wuhan Academy of Posts and Telecommunications told the 21st Century Business Herald reporter that the new company will be listed after the procedures are completed.
Earlier, listed companies such as Fiberhome, Accelink Technology, and Datang Telecom announced that Wuhan Research Institute of Posts and Telecommunications Co., Ltd. (hereinafter referred to as “Wuhan Academy of Posts and Telecommunicationsâ€) and Telecommunication Science and Technology Research Institute Co., Ltd. (hereinafter referred to as “Telecom "Academy of Sciences") has been approved by the State Council to implement the joint reorganization. However, unlike the previous market envisaged by the Wuhan Academy of Posts and Telecommunications for absorbing and merging the Institute of Electrical Engineering, the reorganization plan is to newly establish China Information and Communication Technology Group Co., Ltd. (hereinafter referred to as "China Information Technology Group"), Wuhan Academy of Posts and Electrical Engineering It is included in China Xinke Group free of charge, with its headquarters in Wuhan.
This means that a "big Mac" enterprise has been born in China's communications industry. After integrating the transmission equipment and communications equipment required for information and communications, China Xinke Group is expected to change the previous situation of China's communications field. Master the right to speak in China's communications field.
"Big Mac" enterprise was bornAccording to the currently disclosed plan, both the Wuhan Academy of Posts and Telecommunications Research Institute will become wholly-owned subsidiaries of China Xinke Group as a whole. After business registration and preparations are completed, the new China Xinke Group will be launched.
The business scope of Wuhan Academy of Posts and Telecommunications covers four sectors: optical fiber communication, data communication, wireless communication and intelligent application. Its products cover optoelectronic devices, optical fiber and cable, optical communication systems and networks. It has a number of listed companies and holding companies, including Fiberhome. Communications, Accelink Technology, Science and Engineering, etc.
The Electric Power Research Institute, or Datang Telecom Technology Industry Group, is a top-ranked enterprise in my country’s wireless mobile communications industry. It has three major industries including wireless mobile communications, integrated circuit design and manufacturing, and special communications. It is a mainstream supplier in the TD-SCDMA market. The company also owns listed companies such as Datang Telecom and Gaohong. A report issued by China Chengxin Institute of Electrical Engineering pointed out that between 2014 and 2016, the operating income of the Electrical Engineering Institute was 20.011 billion yuan, 22.36 billion yuan and 22.638 billion yuan. The company's official website data shows that the company's total assets are nearly 50 billion yuan.
The integration of the two giant companies has turned the new China Xinke Group’s task to focus on the main business of information and communication, and promote the deep integration of mobile communication technology, optical fiber communication technology, data communication technology, integrated circuit technology and other aspects of the two companies. , To improve the control and influence of state-owned capital in the field of information and communication manufacturing in my country. After integrating the resources and technological advantages of the two parties, China Xinke Group will become the third "wired + wireless" integrated communications solution provider in China.
The Bank of China International Cheng Shenyan team pointed out that Fiberhome Technology and other companies under the Academy of Posts and Telecommunications have the R&D and production capabilities for optical communications, while Datang Telecom and other companies under the academy have good technical reserves in wireless communications, and the product lines of both parties are relatively large. Complementarity.
This is in line with my country's original intention of promoting the reform of state-owned enterprises and making them bigger and stronger. By including the promotion of state-owned enterprise restructuring, the profitability of my country's state-owned enterprises has been greatly improved.
According to data from the official website of the State-owned Assets Supervision and Administration Commission, in 2017, central SOEs achieved a profit of 1.4 trillion yuan, a year-on-year increase of 15.2%, and both the incremental and growth rate of economic benefits were the best in five years. Among the 98 state-owned enterprises, 49 enterprises have increased their profits by more than 10%, 26 enterprises have increased their profits by more than 20%, and 41 state-owned enterprises have a total profit of over 10 billion.
5G brings new opportunitiesUnlike previous historical opportunities, the newly established China Xinke Group also ushered in a new historical period.
At the 2018 World Mobile Communications Conference held a few days ago, the three major domestic telecom operators respectively announced 5G deployment plans, and upstream and downstream enterprises in the industry chain also demonstrated 5G core technologies and innovative applications. From the market's perspective, the industry is about to enter the 5G commercial stage. Public information shows that China Mobile plans to open 5G product testing to industry customers at the end of 2018. The three major operators also said that they will officially realize 5G commercial use in 2020.
The commercialization of 5G will accelerate and advance its industrialization. According to data from the Bank of China International report, by 2025, China will have 430 million 5G connections, accounting for one-third of the global total, and become the world's largest 5G market. According to Qualcomm’s external forecast, China’s 5G value chain will create US$984 billion in output by 2035.
A report by Huatai Securities also shows that according to calculations, the overall market size of the domestic transmission equipment market in the 5G era is about 455.7 billion yuan to 572 billion yuan.
"Datang Mobile Equipment Co., Ltd., a subsidiary of the Chinese Academy of Electrical Engineering, is the main force in my country's wireless mobile communications industry." Cheng Shenyan's team said that the company is also an important force in advancing the commercial process of my country's 5G industry. On June 12 this year, Datang Mobile has completed all the contents of the NSA-based core network equipment technology part in advance in the 5G three-phase test, and it is considered by the market that it may become one of the mainstream system equipment vendors in the 5G era.
Fiberhome’s communications business under the Academy of Posts and Telecommunications accounted for 63% and 26% of the optical communications equipment and optical fiber and cable businesses, respectively. “5G puts forward higher requirements on network bandwidth. After combining the advantages of these two companies, Combining the advantages of both parties to form a synergistic effect.†The above-mentioned team members also pointed out that the approval of this reorganization will be expected to create a core communications equipment supplier for central enterprises. Among them, Fiberhome Communications, as the largest listed company under the new group, will be the first to benefit from this reorganization. The new group is headquartered in Wuhan. The company will gain group-level resource advantages in the future. In the 5G era, communication base stations have a substantial increase in demand for bearer networks. As the industry leader, Fiberhome can rely on 5G bearer solutions to compete in the new market. Take the lead. At the same time, with the continuous increase in traffic demand and the prosperity of new media such as short video APPs, the continued pressure to expand the transmission network will also bring opportunities for the development of optical communication transmission construction and supporting expansion.
However, a topic that cannot be avoided is the issue of integration between enterprises after the establishment of the new group. "Previously, the two companies were both leading companies in the industry. In terms of integration, certain skills are required." A person concerned about the communications industry said that fortunately, both are state-owned enterprises with the same type of corporate culture. If the personnel issues are well deployed , The subsequent integration is not expected to be difficult.
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