Core view
Under the background of digital economy, chip, operating system and other key fields have become key areas to make up for weaknesses. With the introduction of major strategic programs such as the 14th five year plan for the development of digital economy, the development of digital economy has become a consensus. In terms of digital industrialization, the plan focuses on complementing the shortcomings of key technologies, focusing on breaking through the key core technologies in the fields of high-end chips, operating systems, industrial software, core algorithms and frameworks, and strengthening the integrated research and development of general-purpose processors, cloud computing systems and software key technologies.
Kunpeng's computing industry has moved from opening to landing, and the ecology has begun to show. Huawei adheres to the computing industry strategy of "open hardware, open software, enabling partners and developing talents" to build Kunpeng ecology. Since the release of Kunpeng 920 in 2019, Huawei has successively opened the mainboard based on Kunpeng 920, open source openeuler operating system and opengauss database, and created Chinese computing standards in the base link of chip + basic software. At present, 12 partners including Digital China Group Co.Ltd(000034) and Beijing Vastdata Technology Co.Ltd(603138) have released the opengauss commercial release, and 11 partners including Kirin software have released the openeuler commercial release.
Kunpeng server orders landed one after another, and the bidding began to recover. Since telecom operators began bidding for Kunpeng servers in 2020, affected by the shortage of Huawei Kunpeng chips, the overall supply is in a tight state. While Yunnan Nantian Electronics Information Co.Ltd(000948) announced on December 29, 2021 that it won the bid for ABC PC server project of 1.487 billion yuan, Digital China Information Service Company Ltd(000555) won the bid for Bank of communications Kunpeng PC server project of about 87.5907 million yuan on January 5, 2022. The recent continuous implementation of Kunpeng PC server bidding project may indicate that Kunpeng industrial chain is expected to recover in 2022.
Xinchuang is continuing to penetrate into the eight industries. With the good promotion of the party and government's credit innovation, credit innovation will accelerate in eight key industries from 2022, among which the financial industry is expected to accelerate in 22 years. With the penetration of Xinchuang from the party and government to the industry, the market space is opened, and the development speed is expected to accelerate.
Wait for domestic breakthroughs to open up all links of the industrial chain. In the industrial chain of chip manufacturing, China has layout in important technical nodes and links. At present, China's semiconductor equipment and materials companies have made breakthroughs in various fields. As the lithography link at the core of wafer manufacturing, Shanghai microelectronics is also actively promoting the localization research and development of more advanced lithography machines. Assuming that China will independently break through the mature process wafer manufacturing line represented by 28nm in the future, China's "neck" situation in the semiconductor field will be alleviated, and the domestic information innovation industry will also usher in a new acceleration period.
Investment suggestion: in 2022, with the recovery of the epidemic and the promotion of the localization of the semiconductor industry, Kunpeng computing industry is expected to usher in a recovery, and Kunpeng industrial chain will usher in better development opportunities from the bottom hardware machine to the basic software and then to the upper application software. Kunpeng industrial chain focuses on Digital China Group Co.Ltd(000034) of Kunpeng machine, China National Software And Service Company Limited(600536) , Archermind Technology (Nanjing) Co.Ltd(300598) of openeuler operating system, Beijing Vastdata Technology Co.Ltd(603138) , China National Software And Service Company Limited(600536) , Taiji Computer Corporation Limited(002368) of opengauss database, Beijing Tongtech Co.Ltd(300379) , Beijing Baolande Software Corporation(688058) , Primeton Information Technologies Inc(688118) of middleware and Yonyou Network Technology Co.Ltd(600588) , Beijing Kingsoft Office Software Inc(688111) , Beijing Supermap Software Co.Ltd(300036) of application.
Risk tip: Huawei Kunpeng ecological promotion is less than expected, and Kunpeng chip supply is less than expected.
