Core view
In the week after the year, although the index return of the sector was positive, some white horse stocks fell more, while thematic sectors such as digital currency had better returns. We believe that the performance pressure is the reason for the poor performance of the current sector. However, with the continuous decline of share price, some companies have been wrongly killed. It is recommended that investors actively allocate in the current position. We judge that under the background of low performance base in 2021 and policy emphasis on steady growth and structural reform in 2022, the fundamentals of the sector are expected to improve significantly, thus supporting our optimism about the market.
We still believe that the digital economy is likely to become the direction of sustained policy development and is expected to become the medium-term main line of the computer sector. On the one hand, digital new infrastructure is an important means of stabilizing the economy and an important basis for shaping new drivers of economic growth; On the other hand, the combination of digital technology and various industries is also an effective means to support the high-quality development of traditional industries and help enterprises in various industries improve quality, reduce cost and increase efficiency. At the same time, the promotion of Xinchuang can also play a good supporting role in ensuring national industrial security. In addition, the introduction of policies such as the digital transformation of state-owned enterprises will also provide policy assistance for the development of digital economy.
Industrial digitization is expected to accelerate: technologies such as Internet, cloud computing, big data and artificial intelligence are accelerating the integration with various industries to help customers in downstream industries reduce costs, improve quality and efficiency, and even build a platform and ecological development model. We believe that under the background of accelerating the development of digital economy, industrial Internet platform companies deserve attention.
At present, intelligent energy and public utilities companies are worthy of configuration: with the implementation of stable growth policies and the acceleration of intelligent infrastructure penetration, the intelligent energy and public utilities industry is ushering in a turning point of development. With the promotion of leakage control in the water industry, attention to energy conservation in the heating industry, continuous acceleration of smart mine construction and the trend of the power industry towards a new power system, leading enterprises in relevant industries will enter a period of accelerated growth.
The progress of industry information innovation is worth looking forward to: from the perspective of industry information innovation, financial information innovation will expand in 2022, and domestic middleware, domestic database, domestic server CPU and server operating system have also experienced the practice experience of pilot in key industries in the past two years, which is expected to achieve higher penetration in key industries. On the whole, The whole information and innovation industry is expected to usher in a new business cycle.
In the field of cloud computing, we focus on the launch of the quadratic growth curve of leading companies: product SaaS leaders, such as Beijing Kingsoft Office Software Inc(688111) , are promoting the implementation of privatized cloud deployment products for the government and large enterprises, while industry solution enterprises, such as Winning Health Technology Group Co.Ltd(300253) , Hundsun Technologies Inc(600570) , Beijing Shiji Information Technology Co.Ltd(002153) , have completed the user trial of new products. We expect that the new products of these companies will enter the accelerated implementation period in 2022.
Investment proposal and investment object
Industry digitization direction: recommend digital Procurement Leader: Beijing United Information Technology Co.Ltd(603613) (603613, buy); ERP leader: Yonyou Network Technology Co.Ltd(600588) (600588, buy).
Intelligent field of energy and public utilities: recommend intelligent water supply faucet: Zhejiang Heda Technology Co.Ltd(688296) (688296, buy); It is suggested to pay attention to the leading enterprises in intelligent heating: Runa Smart Equipment Co.Ltd(301129) (301129, not rated); Coal mine intelligent participant: Hefei Gocom Information Technology Co.Ltd(688367) (688367, not rated); Power informatization manufacturer: Ygsoft Inc(002063) (002063, not rated).
Cloud Computing: recommended digital office leader: Beijing Kingsoft Office Software Inc(688111) (688111, overweight).
It is suggested to pay attention to leading enterprises in various sub sectors of Xinchuang. Domestic server and CPU related: Dawning Information Industry Co.Ltd(603019) (603019, buy); OA system: Shanghai Weaver Network Co.Ltd(603039) (603039, not rated), Beijing Seeyon Internet Software Corp(688369) (688369, not rated); Domestic middleware: Beijing Tongtech Co.Ltd(300379) (300379, not rated), Beijing Baolande Software Corporation(688058) (688058, not rated); Domestic database: Beijing Vastdata Technology Co.Ltd(603138) (603138, not rated); Financial information creation integrator and banking software platform: Digital China Information Service Company Ltd(000555) (000555, buy), Shenzhen Sunline Tech Co.Ltd(300348) (300348, not rated).
In addition, it is suggested to pay attention to: Beijing Shiji Information Technology Co.Ltd(002153) (002153, not rated), Glodon Company Limited(002410) (002410, not rated);
Risk tips
Digital transformation is less than expected; The implementation of industrial digitization policy is less than expected; The integration of digital technology and industry is less than expected.
