Daily theme strategy discussion, summarize the views of the eight securities companies, reveal the current situation of the industry, observe the market trend, and feel the pulse of A-Shares for you in advance.
Huaan Securities Co.Ltd(600909) : building strategic technology industry around data value is an important main line of future development
We believe that the launch of “counting from the east to the west” is one of the implementation policies of the “14th five year plan” digital economy plan. Building a strategic science and technology industry around data value is an important main line of future development. We suggest paying attention to four aspects: 1) the landing of data applications based on cloud computing and AI: the advanced construction of large-scale data center provides sufficient data storage space and computational support for data analysis for the continuous landing of cloud computing and AI +. Under the condition of sufficient supply side, Once the demand is born, the industry will expand rapidly. It is suggested to pay attention to: Yonyou Network Technology Co.Ltd(600588) , Beijing Kingsoft Office Software Inc(688111) .
2) digital finance focusing on the construction of digital RMB: both the Wuxi Online Offline Communication Information Technology Co.Ltd(300959) combined operation mode of banks in the future and the centralized management mode of digital RMB will generate a lot of data storage and analysis needs. The improvement of infrastructure will help the more stable development of digital finance. It is suggested to pay attention to: Grg Banking Equipment Co.Ltd(002152) , Yusys Technologies Co.Ltd(300674) .
3) new scenario of power informatization brought by “counting from the east to the west”: the data center with high power consumption can perfectly absorb local green energy, so as to reduce the problem of ultra long-distance transmission caused by spatial mismatch, which contains the informatization needs of microgrid and energy management system. It is suggested to pay attention to: Longshine Technology Group Co.Ltd(300682) and South Grid technology.
4) the further aggregation of data resources puts forward higher requirements for network security: with the implementation of “computing from the east to the west”, the needs of phase 2.0 and even phase 3.0 of network security are expected to be gradually released, and the scope of network security will gradually expand from the data bearer itself to the whole process of data flow and data exchange before multi-agent. Suggestions: Sangfor Technologies Inc(300454) , Qi An Xin Technology Group Inc(688561) . []
Everbright Securities Company Limited(601788) : “counting East and counting West” was officially launched and continued to be optimistic about the market of the communication sector
The 14th five year plan for information and communication, digital economy, East West calculation and other policies continue to drive, and we continue to be optimistic about the market of the communication sector. On the one hand, IDC providers directly benefit from the theme of East digital West Computing: (1) as the main supplier of IDC in China, they are optimistic about the value revaluation of the three major operators and suggest paying attention to [ China Telecom Corporation Limited(601728) , China Mobile, China United Network Communications Limited(600050) ]; (2) Third party IDC leaders suggest paying attention to [ Beijing Sinnet Technology Co.Ltd(300383) , Shanghai Baosight Software Co.Ltd(600845) , Wanguo data, Guangdong Aofei Data Technology Co.Ltd(300738) , Kehua Data Co.Ltd(002335) , Shenzhen Envicool Technology Co.Ltd(002837) ].
On the other hand, in our annual strategy, we emphasize that 5g construction investment is expected to transition from wireless side to wired side. The optical communication sector is at the upstream of IDC and benefits from the construction of East digital West computing. Among them: (1) the main equipment manufacturers benefit from the expansion of backbone network construction. It is recommended to pay attention to [ Fiberhome Telecommunication Technologies Co.Ltd(600498) , Zte Corporation(000063) ]; (2) The construction of data center will stimulate the demand for optical fiber and optical cable. It is recommended to pay attention to [ Jiangsu Zhongtian Technology Co.Ltd(600522) , Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) , Hengtong Optic-Electric Co.Ltd(600487) ]; (3) The construction of data center will boost the volume of optical modules in China’s digital communication market. It is recommended to pay attention to [ Eoptolink Technology Inc.Ltd(300502) , Zhongji Innolight Co.Ltd(300308) , Accelink Technologies Co.Ltd(002281) , Suzhou Tfc Optical Communication Co.Ltd(300394) ]. []
Orient Securities Company Limited(600958) : the construction of data center is expected to drive the demand of IDC, ICT equipment, optical module, temperature control and other fields
Recently, the national development and Reform Commission, the central network information office, the Ministry of industry and information technology and the National Energy Administration jointly issued documents to officially launch the project of “counting East and counting West”. By building a new computing network system integrating data center, cloud computing and big data, the “East West computing” will orderly guide the computing demand of the east to the west, optimize the construction layout of the data center, promote the collaborative linkage between the East and the west, and drive the development of the economy and industrial chain in the West. At present, China’s data centers are mostly distributed in the eastern region with tight land, energy and other resources, and the development potential of the western region rich in renewable energy remains to be tapped. Therefore, “counting from the east to the west” is to send part of the business data to the western data center for processing, so as to alleviate the computing pressure in the eastern region. In addition, as a “major energy consumer”, the power cost of the data center accounts for nearly 60% of the operating expenditure, while the power cost in the west is low, which will effectively alleviate its energy consumption and cost pressure.
From the perspective of investment suggestions and investment targets, the industrial chain of data center has the characteristics of long chain and wide coverage. The construction of data center is expected to fully drive the development of information and communication industry and drive the demand in IDC, ICT equipment, optical module, temperature control and other fields.
It is recommended to pay attention to IDC enterprises Shanghai Baosight Software Co.Ltd(600845) , Kehua Data Co.Ltd(002335) , Wanguo data, Beijing Sinnet Technology Co.Ltd(300383) , Shanghai Athub Co.Ltd(603881) ; Equipment manufacturer Zte Corporation(000063) , Unisplendour Corporation Limited(000938) , Fujian Star-Net Communication Co.Ltd(002396) ; Optical module suppliers Zhongji Innolight Co.Ltd(300308) , Eoptolink Technology Inc.Ltd(300502) , Cig Shanghai Co.Ltd(603083) ; Green energy supporting temperature control faucets Shenzhen Envicool Technology Co.Ltd(002837) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) . []
Ping An Securities: the state has very high requirements on energy consumption of computing power center, and the green data center industrial chain will fully benefit
From the introduction of the implementation plan of the computing hub of the collaborative innovation system of the national integrated big data center in May 2021 to the recent approval of all 8 hub nodes and 10 clusters, it means that the “computing from the east to the west” will be implemented from the top-level planning. The implementation of “counting from the east to the west” will promote the rational layout of data centers, improve the overall computing power level of the country, effectively improve the data processing capacity, give play to the key role of data elements in the development of China’s digital economy, and promote the sustainable and vigorous development of China’s digital economy. We can see that the state has very high requirements for energy consumption of computing power centers, the industrial chain of green data centers will fully benefit, and efficient electronic information equipment and independent software and hardware products will be widely used. Recommend Unisplendour Corporation Limited(000938) , Inspur Electronic Information Industry Co.Ltd(000977) , Dawning Information Industry Co.Ltd(603019) , Business-Intelligence Of Oriental Nations Corporation Ltd(300166) , and pay attention to Shanghai Athub Co.Ltd(603881) , Guangdong Aofei Data Technology Co.Ltd(300738) . []
Huaxi Securities Co.Ltd(002926) : “counting from the east to the west” has been fully launched, and digital infrastructure has become a marginal focus
“Counting from the east to the west” has been raised to the strategic level, which once again demonstrates China’s great importance to digital construction. The significance of “counting from the east to the west” lies in the abundant resources in the western region, which has the potential to develop the data center and undertake the demand for computing power in the East. It can effectively alleviate the gradual shortage of land, energy and other resources in eastern China, and it is difficult to maintain the sustainable and large-scale development of the data center. Based on 8 computing hubs and 10 national data centers, it can effectively speed up data transmission, reduce transmission costs, ensure data energy supply, and coordinate and arrange energy consumption indicators. “Counting from the east to the west” can optimize the computing power and enhance the international competitiveness of China’s data; Open up the digital artery and promote the coordinated development of the East and the West; It is highly in line with the goal of “double carbon” and promotes the green and sustainable development of digital economy.
Digital infrastructure is the cornerstone of China’s digital economy and empowers the development of China’s digital economy. The development of big data, computing network and cloud service platform has become an important goal for the development of China’s digital economy. Therefore, digital infrastructure manufacturers have benefited significantly. The benefit targets are: Dawning Information Industry Co.Ltd(603019) , Shanghai Baosight Software Co.Ltd(600845) . Other beneficiary manufacturers include: Inspur Electronic Information Industry Co.Ltd(000977) . This year, the promotion of Xinchuang may focus on financial and other subdivided industries and sinking market substitution. Looking back on the relevant policies of ICT before and after the two sessions, we believe that a new round of ICT business cycle will be ushered in under the catalysis of the two sessions. Core recommendation: domestic middleware leader Beijing Tongtech Co.Ltd(300379) , domestic WPS leader Beijing Kingsoft Office Software Inc(688111) (jointly covered with small and medium-sized disk groups). Other beneficiaries include: 1) domestic PDF leader Fujian Foxit Software Development Joint Stock Co.Ltd(688095) ; 2) Operating system field: China National Software And Service Company Limited(600536) , Archermind Technology (Nanjing) Co.Ltd(300598) ; 3) CPU chip field: China Greatwall Technology Group Co.Ltd(000066) ; 4) GPU graphics card field: Changsha Jingjia Microelectronics Co.Ltd(300474) . []
Tianfeng Securities Co.Ltd(601162) : Eastern digital Western computing was officially launched, and all links of the industrial chain benefited for a long time
The national development and Reform Commission and other ministries and commissions agreed to start the construction of National Computing hub nodes in Beijing, Tianjin and Hebei, the Yangtze River Delta, Guangdong, Hong Kong, Macao, Dawan District, Chengdu and Chongqing, Inner Mongolia, Guizhou, Gansu and Ningxia, planned 10 national data center clusters such as Zhangjiakou, and officially launched the East digital West computing project.
Under the background that the development of digital technology drives the national demand for computing power, which is expected to grow rapidly by more than 20% every year, in order to promote the moderate agglomeration and intensive development of national data centers, considering the shortage of resources in the East, businesses with low network requirements such as background processing, offline analysis, storage and backup will be transferred to the West for processing. Take the hub of Inner Mongolia and Ningxia to undertake the hub of Beijing, Tianjin and Hebei; Gansu and Chengdu Chongqing hubs undertake the Yangtze River Delta hub; Guizhou hub undertakes the hubs of Guangdong, Hong Kong, Macao and Chengdu Chongqing. The 10 clusters of Zhangjiakou, Wuhu, Yangtze River Delta, Shaoguan, Gui’an, Chongqing, Tianfu, Qingyang, Zhongwei and Helingeer are arranged around 8 hubs.
Suggestions and concerns on relevant targets: 1. IDC targets in the layout of East to West Digital Region: Guangdong Aofei Data Technology Co.Ltd(300738) , Beijing Sinnet Technology Co.Ltd(300383) , Kehua Data Co.Ltd(002335) , Shanghai Baosight Software Co.Ltd(600845) , Shanghai Athub Co.Ltd(603881) , Mcc Meili Cloud Computing Industry Investment Co.Ltd(000815) ; 2. Server and network equipment: Zte Corporation(000063) , Unisplendour Corporation Limited(000938) , Inspur Electronic Information Industry Co.Ltd(000977) etc; 3. Network infrastructure optical fiber cable: Jiangsu Zhongtian Technology Co.Ltd(600522) , Hengtong Optic-Electric Co.Ltd(600487) etc; 4. Data communication optical module: Zhongji Innolight Co.Ltd(300308) , Eoptolink Technology Inc.Ltd(300502) , Suzhou Tfc Optical Communication Co.Ltd(300394) , Broadex Technologies Co.Ltd(300548) , Cig Shanghai Co.Ltd(603083) etc; 5. Power supply, temperature control and other supporting equipment in the machine room: Kehua Data Co.Ltd(002335) , Shenzhen Kstar Science & Technology Co.Ltd(002518) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) , Shenzhen Envicool Technology Co.Ltd(002837) , Guangdong Shenling Environmental Systems Co.Ltd(301018) ; 6. IDC operation and maintenance: Runjian Co.Ltd(002929) ; 7. Server and equipment upstream PCB: Wus Printed Circuit (Kunshan) Co.Ltd(002463) , Shennan Circuits Co.Ltd(002916) etc. []
open source Securities: the implementation of “East digital West computing” project will accelerate the construction of computing power and accelerate the process of digital industrialization and industrial digitization
The project of “counting East and counting West” is conducive to improving China’s digital economy infrastructure and promoting the prosperity of digital industry. As the core productivity of digital economy, computing power has become a new focus of global strategic competition. Up to now, the scale of China’s data center has reached 5 million standard racks, and the computing power has reached 130 eflops With the comprehensive and continuous penetration of digital technology into all fields of economy and society, the demand for computing power in the whole society is still very urgent, and it is expected to grow rapidly at a rate of more than 20% every year. The implementation of the project will accelerate the construction of computing power, effectively stimulate the innovation vitality of data elements, and accelerate the process of digital industrialization and industrial digitization. Focus on recommending digital economy infrastructure manufacturers Dawning Information Industry Co.Ltd(603019) , Inspur Electronic Information Industry Co.Ltd(000977) , Shanghai Baosight Software Co.Ltd(600845) , and benefit targets include Unisplendour Corporation Limited(000938) .
Investment suggestions: (1) industry Xinchuang: recommend Dawning Information Industry Co.Ltd(603019) , Beijing Kingsoft Office Software Inc(688111) , China Greatwall Technology Group Co.Ltd(000066) , Beijing Seeyon Internet Software Corp(688369) , Shanghai Weaver Network Co.Ltd(603039) , and benefit targets include Digital China Group Co.Ltd(000034) , Beijing Vastdata Technology Co.Ltd(603138) , Beijing Tongtech Co.Ltd(300379) , Beijing Baolande Software Corporation(688058) . (2) Financial it: recommend Northking Information Technology Co.Ltd(002987) , Hundsun Technologies Inc(600570) , Fujian Apex Software Co.Ltd(603383) , Shenzhen Fortune Trend Technology Co.Ltd(688318) , and benefit targets include Yusys Technologies Co.Ltd(300674) , Shenzhen Sunline Tech Co.Ltd(300348) , Global Infotech Co.Ltd(300465) , Tansun Technology Co.Ltd(300872) . (3) Industrial Internet: recommend Beijing United Information Technology Co.Ltd(603613) , Yonyou Network Technology Co.Ltd(600588) , Zhejiang Supcon Technology Co.Ltd(688777) , Zwsoft Co.Ltd(Guangzhou)(688083) , Glodon Company Limited(002410) , Beijing Kingsoft Office Software Inc(688111) , Inspur Electronic Information Industry Co.Ltd(000977) , Kingdee International, Digiwin Software Co.Ltd(300378) , Shanghai Baosight Software Co.Ltd(600845) , Guangzhou Sie Consulting Co.Ltd(300687) , Shenzhen Huaqiang Industry Co.Ltd(000062) , Longshine Technology Group Co.Ltd(300682) , etc. (4) Intelligent Internet connected vehicles: recommend Thunder Software Technology Co.Ltd(300496) , Autel Intelligent Technology Corp.Ltd(688208) , Beijing Tricolor Technology Co.Ltd(603516) , China Transinfo Technology Co.Ltd(002373) , and benefit targets include Huizhou Desay Sv Automotive Co.Ltd(002920) , Vanjee Technology Co.Ltd(300552) . (5) Energy it: recommend Longshine Technology Group Co.Ltd(300682) , Jiangsu Yunyong Electronics And Technology Co.Ltd(688060) , Runa Smart Equipment Co.Ltd(301129) , and benefit targets include Ygsoft Inc(002063) , Dongfang Electronics Co.Ltd(000682) , Beijing Forever Technology Co.Ltd(300365) , Huizhong Instrumentation Co.Ltd(300371) . []
Guolian Securities Co.Ltd(601456) : pull 100 billion investment! “Counting East and counting West” industrial chain welcomes investment opportunities
We believe that the “East digital West computing” project will focus on supporting innovative contents such as green data center (green energy conservation, renewable energy and energy storage), efficient scheduling of computing power (Cloud Computing), and controllable innovation of computing power (domestic basic software and hardware, cloud platform, big data analysis). The project of “counting from the east to the west” will drive the demand opportunities of data center operation and civil engineering, it equipment manufacturing, information and communication, basic software and green energy supply in the industrial chain.
The demand for computing power in the whole society is still very urgent. It is expected that the scale of China’s data center has reached 5 million standard racks every year. According to the investment of 100000-150000 yuan per standard rack, the total investment scale is about 500-750 billion yuan. “Counting from the east to the west” involves central enterprises such as 4 cities, 8 provinces, 2 districts and three major telecom operators, assuming a scale of about 5.
Focus on IDC operators and telecom operators: Guangdong Aofei Data Technology Co.Ltd(300738) , Mcc Meili Cloud Computing Industry Investment Co.Ltd(000815) , Shanghai Athub Co.Ltd(603881) , Shanghai Baosight Software Co.Ltd(600845) , Beijing Sinnet Technology Co.Ltd(300383) , Shanghai Lonyer Fuels Co.Ltd(603003) , Szzt Electronics Co.Ltd(002197) , Capitalonline Date Service Co.Ltd(300846) , Beijing Topnew Info&Tech Co.Ltd(300895) , China Mobile, China United Network Communications Limited(600050) , China Telecom Corporation Limited(601728) . IDC integration and operation and maintenance: Shenzhen Sed Industry Co.Ltd(000032) , Runjian Co.Ltd(002929) , Shanghaichengdiconstructioncorporationltd(603887) , Shanghai New Centurion Network Information Technology Co.Ltd(605398) etc. Green energy saving technology: Kehua Data Co.Ltd(002335) , Hangzhou Zhongheng Electric Co.Ltd(002364) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) , Yimikang Tech.Group.Co.Ltd(300249) , Black Peony (Group) Co.Ltd(600510) etc. Domestic basic software and hardware: Unisplendour Corporation Limited(000938) , Dawning Information Industry Co.Ltd(603019) , Inspur Electronic Information Industry Co.Ltd(000977) , Digital China Group Co.Ltd(000034) , China National Software And Service Company Limited(600536) , Archermind Technology (Nanjing) Co.Ltd(300598) , Beijing Tongtech Co.Ltd(300379) , etc. Optical modules: Zhongji Innolight Co.Ltd(300308) , Suzhou Tfc Optical Communication Co.Ltd(300394) , Advanced Fiber Resources (Zhuhai) Ltd(300620) , Broadex Technologies Co.Ltd(300548) , Huagong Tech Company Limited(000988) , Accelink Technologies Co.Ltd(002281) , Eoptolink Technology Inc.Ltd(300502) , Cig Shanghai Co.Ltd(603083) , Dongguan Mentech Optical & Magnetic Co.Ltd(002902) etc. []
