Event: on February 17, according to the announcement of China Mobile's centralized procurement of PC servers (batch 1) (packages 8 and 13) from 2021 to 2022 on caizhao.com, we expect the winning products to be Kunpeng series servers.
China mobile server centralized purchase and bid opening, Kunpeng system and Zhongke system ecology occupy an important position. 1) According to caizhao.com, "China Mobile's centralized procurement of PC servers from 2021 to 2022 (batch 1)" has a total of 16 bid packages. The bidding has been started since the end of October 2021. Up to now, the bid winning candidates of 15 of them have been announced. Among them, the procurement scale of bid package 8 is 28112 sets, and the bid winning amount (including tax) is about 2.606 billion yuan; The procurement scale of package 13 is 3775 sets, and the bid winning amount (including tax) is about 237 million yuan. 2) According to Huawei's official website, the bid winning candidates Changjiang computing, Digital China Group Co.Ltd(000034) , Huanghe technology, Tsinghua Tongfang Co.Ltd(600100) , Xiangjiang Kunpeng, etc. are all important partners of Kunpeng computing industry. We expect the relevant package products or Kunpeng series products. According to the announcement of caizhao.com, the total procurement scale of bid packages 8 and 13 is 31887, accounting for 19.48% of the total bidding volume of this batch. It can be seen that Kunpeng ecology may have occupied an important position in the industry server. Among them, Digital China Group Co.Ltd(000034) bid winning amount (including tax) is about 596 million yuan, accounting for about 22%. 3) In addition, according to the announcement of caizhao.com on January 14, 2022 "publicity of successful candidates for centralized procurement of PC servers (batch 1) (package 3, 7, 11 and 12) by China Mobile from 2021 to 2022" (package 3, 7, 11 and 12), the total procurement of servers in package 3, 7, 11 and 12 is 1.422 billion yuan (including tax), and the controllable sales volume of China Science and technology is about 385 million yuan, accounting for about 27%, reflecting the competitiveness of Xinchuang products.
Xinchuang is still a national strategy, and the industrial scale may reach 800 billion yuan in five years. 1) Since September 2021, although China US relations have eased to some extent, relevant frictions continue, and the strategic position of Xinchuang is not expected to change. 2) In terms of landing rhythm, the party and government Xinchuang began to enter the large-scale landing stage in 2020. At present, there is still a large space in the sinking market; Xinchuang industry may usher in the first year of large-scale implementation in 2022, and the fields of Finance and telecommunications have taken the lead in launching. 3) Spatially, according to the 2021 China Xinchuang ecological report of Haibi Research Institute, the scale of China's Xinchuang ecological market will be 161.7 billion yuan in 2020. It is expected that the CAGR will reach 37.4% in the next five years and close to 800 billion yuan in 2025.
Investment targets: Dawning Information Industry Co.Ltd(603019) , Beijing Vastdata Technology Co.Ltd(603138) , Digital China Group Co.Ltd(000034) etc.
Risk tip: the promotion of Xinchuang is less than expected, the benefit of subdivided companies is less than expected, and the macroeconomic downside risk
