2022年中国数字经济新基建的投资展望（数据中心、5G、物联网）
来源：中信证券丨黄亚元
大纲目录
1、数据中心：数据底座，长期景气
2、5G：长期空间广阔，静待增长机遇
3、F5G：固网升级，增量可期
4、物联网：万物智联，数通未来
【报告领取方式见文末】
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/5b564238095d437a84b0e08b91534a00~tplv-tt-large.image?x-expires=1973711562&x-signature=O8e97795sOopZXG57NefZ5POhpY%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/4c75f1089b834f9c8fe13652a2a70d22~tplv-tt-large.image?x-expires=1973711562&x-signature=NBN7rLCyE4dPL0fhmVD6IuPtV1c%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/2e56252706d34331a882dff9a71954ad~tplv-tt-large.image?x-expires=1973711562&x-signature=alafOTPm3jI11z5OAqbp7NzfJgg%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/7c5619a9f76a40049036a956f9dcad59~tplv-tt-large.image?x-expires=1973711562&x-signature=v1YAOJduEJabwziElvMxKhSJ2x8%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/bfe880d908f54d7287aab3ccc5724042~tplv-tt-large.image?x-expires=1973711562&x-signature=UmylP6zjEJmuaNtGmerqIVNqiOo%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/8aeec9b5fb8141cd9de9e5e337f9a43d~tplv-tt-large.image?x-expires=1973711562&x-signature=vTSDpEHKuC2JB8FbIJn5E0QRUmk%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/deff96350c8d4854a8aa5feb5ee551d5~tplv-tt-large.image?x-expires=1973711562&x-signature=Y109%2Bqt%2Bb1rgUXFXIBsLZufKTwA%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/cf214c6e81814e18854ef82a99da00fe~tplv-tt-large.image?x-expires=1973711562&x-signature=%2FeySBqdqR013065eIXn4EsAkCFk%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/77ae945005ad48d0bbd278113c389a9b~tplv-tt-large.image?x-expires=1973711562&x-signature=Zi4ae%2B0u8PVF%2FDu8AHegjWjhDi4%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/df9e4f7643c046a58ff42cd0e23c4751~tplv-tt-large.image?x-expires=1973711562&x-signature=q5mpA21AjdDq%2F3Gv4cqjpePviPw%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/33ea202e260641018602e589dc50e4bd~tplv-tt-large.image?x-expires=1973711562&x-signature=NGt6hGGtZErt5XBBGSux3K8i%2F1Q%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/ee528bab4d754d6bbc06cf429f8ea33f~tplv-tt-large.image?x-expires=1973711562&x-signature=Yoe92a5EiCZtDkWTxJk06ntOI1Q%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/f0b5bbbbc0aa48da9f9fb4a74652641e~tplv-tt-large.image?x-expires=1973711562&x-signature=psI3wPy8UQfdOxcMQYOtzTXkxMc%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/c736a7e9dd84407fb7d1dc7f12c920ff~tplv-tt-large.image?x-expires=1973711562&x-signature=WD4i6vjrUjGt9w%2FsPDJOGyQ1wBA%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/2f2db1d3a0414c4980671517e313599e~tplv-tt-large.image?x-expires=1973711562&x-signature=b04tQdNsob01LJefCRpQs6RDYZ4%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/5e4b18bbacee4c6b8a939eee001ec3a8~tplv-tt-large.image?x-expires=1973711562&x-signature=9jtv6Ajfvu4ZlEwTk0FJU4sctPQ%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/7c7d492d4ae1402b988946c5babeed03~tplv-tt-large.image?x-expires=1973711562&x-signature=eGckeEmvG3jJmWZ3rzMxB2VdHZk%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/6fa41330c8df4b55b7ab0e2d4231e5b1~tplv-tt-large.image?x-expires=1973711562&x-signature=ZZYl2pz8HUbDatmPywm4JcUDBc8%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/f9710ad08c974f94b48e9b1f315de07f~tplv-tt-large.image?x-expires=1973711562&x-signature=eDNKWef73OwcYfjuh06RZ27E%2F58%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/b8bb64bd71e7476a8b6fd6ff59fc0187~tplv-tt-large.image?x-expires=1973711562&x-signature=TDitFow19fGeTfDKh%2BSjdueo0DE%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/ebe53772948a4af58eff7efee353c1fd~tplv-tt-large.image?x-expires=1973711562&x-signature=OUL4gPOISSwKRLSQqLYmOP5xSm4%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/d19a8223fda9418683bed8135a8aa579~tplv-tt-large.image?x-expires=1973711562&x-signature=MVnEmmMYmxyau1T2kZ6AVRPBap8%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/2045b76e7c84435f82a67c208cf24ac3~tplv-tt-large.image?x-expires=1973711562&x-signature=nl0PM95qXrpz%2B30g4Gs7N7ZsHsA%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/0ae684d232a44ef0986bde3f457129bf~tplv-tt-large.image?x-expires=1973711562&x-signature=zOqamfRoj3y32Tyqjy1wiV%2F4AUU%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/350f55b731e5468d9ca1c3c31b450ca2~tplv-tt-large.image?x-expires=1973711562&x-signature=kQp7Vq8%2Bx1co8GNRmVynDxGCvC8%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/3d480d4432284a1994cf407950ae0789~tplv-tt-large.image?x-expires=1973711562&x-signature=VYlXyUi8Y1Q8SfcILlK4Ebg1Uv0%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/ae088171c12347bfa2dc5742e823b2f4~tplv-tt-large.image?x-expires=1973711562&x-signature=CwcNh1Hn7%2F5zhAHk7FTIGTTfFEg%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/ec8255dfbe5d43dbaed601d77f7e1b75~tplv-tt-large.image?x-expires=1973711562&x-signature=ni88vATibnyM%2B%2B5bkFpfXw3kMWs%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/f818d1364f37461f8c5b19a0f0f8096d~tplv-tt-large.image?x-expires=1973711562&x-signature=hVWPl6R%2B70kThwG%2BJ7RNbkMpiAo%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/6200f73d71c44a86b012a7dcda5e2b2f~tplv-tt-large.image?x-expires=1973711562&x-signature=vozjdBRcpQ9lL9dbfaeZg04hclA%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/da205df8ad7a487c83cc2b332f0a9a5f~tplv-tt-large.image?x-expires=1973711562&x-signature=SPK4QcBZkKynONJSPcjwDDkesJ0%3D
https://p6-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/6e8f99b41c6f4129a44e01bc29612758~tplv-tt-large.image?x-expires=1973711562&x-signature=8cnyDxQEVG6Hae9Vwu5GcIaQT4A%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/428f398d5f4342d8a5cf848e6089028d~tplv-tt-large.image?x-expires=1973711562&x-signature=xdHZKXicwDb0RldXCgZ8Al2H1lc%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/e5a7bdcf532e4e4cbae36721dcde3730~tplv-tt-large.image?x-expires=1973711562&x-signature=qIcaaw5yp2Ro%2F4dwtB8O9E0bDzI%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/d85b3730306e45f28d356f329a6335fd~tplv-tt-large.image?x-expires=1973711562&x-signature=fShU9RBkNLPjfLWNfOnVGZZ5hGI%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/2a384334d52448f081134258018f0daa~tplv-tt-large.image?x-expires=1973711562&x-signature=AH3HVsviIZd0M0Mh%2FBpxJixdEgQ%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/b83785a596a94542b37fa3accfe36541~tplv-tt-large.image?x-expires=1973711562&x-signature=Lm2Fx3GZwrCuK9siHNKUrosJfuo%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/894d0bdc7c484686a64e316dd89f939a~tplv-tt-large.image?x-expires=1973711562&x-signature=e5jIMWtFl%2F3145B3zXzjbL5lh8o%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/03f841935d2c4fc2bc7edfd493798f99~tplv-tt-large.image?x-expires=1973711562&x-signature=ED%2FLD0qzzUXIMoKA4Cm2y6BhpX0%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/2de21a32086e4f39b342a2c538cd26e6~tplv-tt-large.image?x-expires=1973711562&x-signature=441GD%2B%2B5HBzvbo4mrX42hatipXQ%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/167b17bebbbd40a7a7e6e8cf6f5a7e68~tplv-tt-large.image?x-expires=1973711562&x-signature=OEHgGQXl%2BK0z3%2BWAnobzyTI1IfU%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/c388decd7f4d4131a2e301d2482c28dd~tplv-tt-large.image?x-expires=1973711562&x-signature=nSzDGz4IgTBvFdTlwcGD8c2euT8%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/5f4e4f2fe48c475f80b0079bd1f78a4e~tplv-tt-large.image?x-expires=1973711562&x-signature=gCNcJ7CgezsJIq7j6WvvbPNYsCM%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/022e1bb0f17f46a68ed41c00d4929d65~tplv-tt-large.image?x-expires=1973711562&x-signature=LAVtcF5pfLH5uBDVzakZ7s5Uqxk%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/561bc7f80cc5447fa270cd104c6a1692~tplv-tt-large.image?x-expires=1973711562&x-signature=2cKm5Htpaiq1OMTKmxDHIplWgAQ%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/6075f7de7bc44e4197f118f836bb1171~tplv-tt-large.image?x-expires=1973711562&x-signature=U0imN1uURa1EEz7lNPbo4QYIuLs%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/7b986f552681421cb73549ab05f1f87a~tplv-tt-large.image?x-expires=1973711562&x-signature=nFFMIct%2BUBG3gx%2FYqP8%2FGspQUWw%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/049733952a1b45339ac33c49e5ca2dee~tplv-tt-large.image?x-expires=1973711562&x-signature=S1rh0vg3dFjgeBLenPgBtCEuIuY%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/bc9d25d904554125833d4d3a68701940~tplv-tt-large.image?x-expires=1973711562&x-signature=gFfMA0pcreAyJKiWnCGKIIceUGA%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/2f8189dd0aba489b885f319d75e2f060~tplv-tt-large.image?x-expires=1973711562&x-signature=pXhoVvk2%2F8gVJBAzkACMxNGfvCg%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/f59d332dfa12433a8781282956bd0777~tplv-tt-large.image?x-expires=1973711562&x-signature=bW1Zhj5ae6jXEPbJBCeGW8LlALE%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/634d0adc93654aeeab9ea7028b723f36~tplv-tt-large.image?x-expires=1973711562&x-signature=%2BKn9jqNZ55SfcoCbCVDOjAYOHlg%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/18e30a48b3d9435e880fae1e7a2ac030~tplv-tt-large.image?x-expires=1973711562&x-signature=y98e4HuRH1oveg9aqsuqij707ek%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/823a7713a9884ace877da39c99289c28~tplv-tt-large.image?x-expires=1973711562&x-signature=kV8vwT6Lj5nebtlnfTIX330R9nY%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/c8a6288852194d2faf27de38bac2e17c~tplv-tt-large.image?x-expires=1973711562&x-signature=5bYvF7Iw1YFhXeeePiYqXbZ2wN4%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/59fc8f90a24c495d9fe853a1efd49db2~tplv-tt-large.image?x-expires=1973711562&x-signature=Tuux6rPhR4LRLMy6FLuvAg2Z%2Fsw%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/8c7763616a384e979e787c1d7b01e063~tplv-tt-large.image?x-expires=1973711562&x-signature=EZ5i%2BzxhUxZYfGKHyWypHYjIN6s%3D
https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/fb419fe27b4747de9a8b9a0390f9141f~tplv-tt-large.image?x-expires=1973711562&x-signature=kHcVa4yZaAXqUwCavXlw88FdTtc%3D
完整版领取方式
该份报告共61页
如果您觉得这份资料对您有帮助
希望获取完整的电子版内容参考学习
您可以关注+评论+转发
然后私信我：报告
数据思维值得学习 好材料，值得收藏学习 没钱投拿什么算？ 中兴通讯 谢谢分享。支持 非常好 收转谢 转发了 转发了
页:
[1]
2