7月26日，华为在国内率先发布5G手机。工信部新闻发言人闻库日前表示，到年底之前，会有更多5G手机面向消费者使用。5G商用提速趋势明显，运营商也动作频频，据消息人士透露，三大运营商已重新评估年初制定的资本开支计划。伴随着5G网络部署推进、大量采购订单落地，产业链中上游企业基本面将获得较好支持。Wind数据显示，44家已公布上半年业绩预告的5G相关公司中，超半数公司预喜。
运营商重新评估资本开支
yiweitongxinchanyelianshangshigongsifuzerengaosuzhongguozhengquanbaojizhe，6yue6ri5gpaizhaofafanghou，5gjianshetisu，sandayunyingshangzhengzaizhongxinpinggu2019nianzibenkaizhijihua。
zai2019nianchu，sandayunyingshanggongbudezibenkaizhijihuahejiwei3020yiyuan，qizhong，zhendui5gjianshedetouzitaidupianxiangjinshen，zongtouzihejiyue300duoyiyuan，qizhongzhongguoyidong160yiyuan，zhongguoliantong60zhi80yiyuan，zhongguodianxinyue90yiyuan。
5gpaizhaoxiafayihou，6yue25ri，zhongguoyidongzhaokai“5g+”fabuhui，zhongguoyidongdongshizhangyangjiexuanbu，zhongguoyidongjiangquanmianshishi“5g+”jihua，jiakuaituidong5gfazhan，zhongguoyidong2019nianjiangjianshechaoguo5wange5gjizhan，zaichaoguo50gechengshishixian5gshangyongfuwu；2020nian，jiangjinyibukuodawangluofugaifanwei，zaiquanguosuoyoudijiyishangchengshitigong5gshangyongfuwu。zhidezhuyideshi，gaijihuayidadaozhongguoyidongnianchujichude3wan-5wangede5gjianzhanshuliangzhiyindeshangxian。
ciwai，zaishanghaishijieyidongtongxindahuishang，yunyingshangjunbiaotai，yi5g sa（dulizuwang）weijianshemubiao。zhongguoyidongdongshizhangyangjiegengmingque，2020nian1yue1rikaishi，suoyou5gzhongduanbixuzhichisa（dulizuwang）moshi，jinzhichinsa（feidulizuwang）deshoujijiubukeyiruwang。
sayaobinsadejianwangchengbengaochubushao，yunyingshangzheigexinhaoyiweizhegengdaguimode5gjianwangtouziyusuan。gongxinbutongxinkejiweichangwufuzhurenweilepingrenwei，zhongguoyaoxiangshixian5glingxian，weiyidechulujiushiyidulizuwang（sa）weijichujianshe5ghexinwang，jianchigaozhiliangdefazhan、shixian5gwangluolingxian。
quanqiuyidongtongxinxitongxiehuibaogaoxianshi，yazhouyunyingshangjihuazai2018zhi2025nianjiantouru3700yimeiyuangoujianxinde5gwangluo，qizhongjinzhongguojiuyujijiangwei5gtouzi1840yimeiyuan。
juzhongguoyidonghezhongguodianxindezhaobiaocaigouwangzhanxinxi，suirancaigouguimohaibuda，dan5gcaigouyijingkaishi。shichangdiaoyanjigoucounterpointzuixinbaogaoxianshi，woguosandayunyingshangjiangzaijinnian9yuefenkaiqishangyong5gwangluo，muqiansandayunyingshangzaishoupichengshide5gwangdajianheceshigongzuoyijingwangong。
终端加速成熟
guoneiyunyingshangjunbiaotaiquedingyidulizuwang（sa）wei5gjianwangmubiaofangxiang，danchanyelianzhichisadejidaixinpianhaibuduo，rengxujinyibufengfuhechengshu。
juzhongguo5gtuijinzuzuzhangwangzhiqinjieshao，tuijinzuyijingwancheng5gshebeiceshi，jinnianjiangzhongdiantuidong5gzhongduanxinpianzhichi5g nsa(feidulizuwang）hesa（dulizuwang）。canyutuijinzu5gxinpianceshidechangshangyouhuawei、gaotong、lianfake、ziguangzhanruisijia，jingguoshuyuedediaoshiyouhua，canyuceshidexinpianpubiannengshixianlilunfengzhi80%yishangdechuanshuxingneng。
王志勤强调，在5G产业发展过程中，还需要进一步促进5G终端芯片成熟。目前参与测试的四款终端芯片中，debalong 5000、lianfakedehelio m70liangkuan5gjidaixinpianzhichisahensaliangzhongwangluomoshi。gaotongdexiaolongx50jidaixinpianjinzhichinsamoshi。huaweihaisidebalong 5000xinpianwanchengsuoyouceshineirong。lianfakede5gxinpianwanchenglesuoyoushineideceshi，shiwaidexingnengceshizaijinzhanguochengzhong，ziguangzhanruidechunteng510xinpianceshizhengzaiqidongzhong。
7yue26ri，huawei5gshoujifabu，dazaidezhengshihuaweihaisizhichinsahesashuangmode5gjidaixinpianbalong 5000，“5ggangxuanbushangyongbujiu，jiuyouchengshuzhongduan，zheishiguoquqiansuoweiyoude。”yiweishoujichanyelianfenxishikanwanhuaweifabu5gshoujihouxiangjizhebiaoshi。
quanqiuyidongtongxinxitongxiehuidazhonghuaqugonggongzhengcezongjingliguanzhouzaijieshouzhongguozhengquanbaojizhezhuanfangshiyebiaodaletongyangdeguandian。guanzhoubiaoshi，xiangbiguoqu3g、4gdeshangyongsudu，5gshangyongjinchengfeichangkuai，“5gzaishangyongshichanyelianyijingjibenchengshu，er3g、4gkaishishangyongdeshihou，jibenshangmeiyoushoujizhongduangongxiaofeizheshiyongde。”
行业业绩拐点将至
buguosuizheyunyingshangzibenkaizhidetisheng，tongxinxingyechanyelianjiangshouyi，bushaogongsiyejijinruduixianqi。windtongjixianshi，jiezhi7yue26ri，86jia5ggainianguzhong，44jiagongsifabushangbannianyejiyugao，qizhong25jiayuxi（yuzeng、lvezeng、niukui、xuying），lingyou3jiagongsifabuleshangbannianyejikuaibao，1jiagongsifabulebannianbao，junbiaoxianweiyingli。
congshangshugongsideyejiyugaohuoyejikuaibaozhongkeyifaxian，5gyijingshentoudaozheixiegongsishangbanniandeyewuzhong，weigongsiyejidailaizhuli。
beitongxin2019nianbanniandubaogaocheng，gongsi2019nianshangbannianshixianyingyeshouru6.37yiyuan，tongbizengzhang22.93%；shixianguishuyushangshigongsigudongdejinglirun4203.9wanyuan，tongbizengzhang20.54%。
jubeitongxinbannianbaojieshao，2019nianshangbannian，geyunyingshangweirao5gtongxinwangluojianshezhubuzhankai，jiezhimuqian，beitongxinyicanyulezhongguoyidongwuhan、shanghai、guangzhou、shenyangdengdide5gwuxianjizhanjianshe，bingdui5gtongxinwangluojianshedejishuhetedianjinxingyanjiu，tiqianjinxingjishuherenyuanchubei。
futongbanlongtouqiyeshengyikejiyejikuaibaoxianshi，jinnianshangbanniangongsishixianyingyeshouru59.73yiyuan，tongbizengzhang2.9%；shixianguimujinglirun6.3yiyuan，tongbizengzhang18%。qizhong，2019nianerjidu，gongsishixianjinglirun3.79yiyuan，tongbizengzhang34%，chaochushichangyuqi。
zhongjingongsijiucifenxicheng，shengyikejierjidujinglirunzengfutigao，zhuyaolaizi5gjianshejindutisu，huaweierjidujizhanyewudaidongpcbyewuchaoyuqi；gongsifutongbandanjiaxiajiangfudumanyuchengbenxiajiangfudu，lirunlvhaoyuyuqi；gaopinban5yuekaishixiaoguimoshichan，chanpinjiegouzhujianxianghao。
shuobeidefabude2019nianshangbannianyejiyugaoxianshi，2019nianshangbannianyujijinglirunda8500wanyuanzhi9500wanyuan，tongbizengzhang143.39%-172.02%。gongsizhuyaochanpin5gtianxianjinzhanshunli，yijinruzhuliuzhongduanpinpaigongyinglian，genjushenjiaosuohudongyixinxi，huaweimate 20 x(5g)shoujitianxianyoushuobeidegongying。lingwai，gongsiyoucanyuhuaweicpetianxiandeyanfayugonghuo。
