Recently, "East number West calculation" has become a hot word in the A-share market. Mainstream securities companies have intensively released relevant research reports, and "East number West calculation" concept stocks have continued to strengthen. Brokerage institutions believe that the "East digital West computing" project will drive the development of data centers and related upstream and downstream industries. It is suggested to pay attention to investment opportunities in five subdivided fields: information and communication, it equipment manufacturing, basic software, green energy supply and civil engineering.
concept stocks are sought after
"Counting from the east to the west" project is considered to be another major infrastructure project after the South-to-North Water Transfer, West to East power transmission and west to east gas transmission. Relevant concept stocks are sought after in the A-share market.
China stock market news data show that in the past three trading days, the concept stocks of "counting East and counting West" have set off a wave of trading limits. On February 22, the index of this sector rose by 2.05%, Capitalonline Date Service Co.Ltd(300846) , Insigma Technology Co.Ltd(600797) , Guizhou Bc&Tv Information Network Co.Ltd(600996) and other stocks rose by the limit, of which Capitalonline Date Service Co.Ltd(300846) rose by 20% in the past three trading days.
"From the perspective of policy context, the 'counting from the east to the West' project is an important infrastructure project and a starting point for the implementation of the digital economy industry." Zhao Yang, chief analyst of the computer industry of Anxin securities, said that it is not only the construction of the data center industry itself, but also expected to drive the industries related to the digital economy to break through the bottleneck of computing power and realize more extensive application of computing power through the infrastructure construction in the "East data and West computing" project.
In September 2020, the national industrial alliance of "counting East and counting West" was established in Lanzhou City, Gansu Province; In May 2021, the project of "computing from the east to the west" appeared for the first time in the implementation plan of computing hub of collaborative innovation system of national integrated big data center; In December 2021, the State Council issued the "14th five year plan" for the development of digital economy, focusing on "optimizing and upgrading digital infrastructure and promoting cloud network collaboration and integrated development of computing networks".
Recently, the national development and Reform Commission and other four departments jointly issued a notice, agreeing to start the construction of National Computing hub nodes in Beijing, Tianjin and Hebei, the Yangtze River Delta, Guangdong, Hong Kong and Macao Dawan District, Chengdu and Chongqing, Inner Mongolia, Guizhou, Gansu and Ningxia, and planned 10 national data center clusters.
So far, the overall layout design of the national integrated big data center system has been completed, and the "counting from the east to the west" project has been fully launched.
benefit the data center industry chain
"Number" in "East number and West calculation" refers to data, and "calculation" refers to computing power, that is, the processing capacity of data.
According to the data of China Academy of information technology, by the end of 2019, the rack scale of China's data center had reached 3.15 million; By the end of 2020, China has more than 4 million data center racks in use. The head of the high technology department of the national development and Reform Commission said that so far, the scale of China's data center has reached 5 million standard racks and the computing power has reached 130 eflops (1.3 trillion floating-point operations per second). With the comprehensive and continuous penetration of digital technology into all fields of economy and society, the computing power demand of the whole society is expected to grow at a rate of more than 20% every year.
Data center is an industry with strong resource endowment. Land, electricity price and water resources have a great impact on its cost and construction. At present, most of China's data centers are located in the eastern region. Under the tight situation of land, energy and other resources, it is difficult to sustain the large-scale development of data centers in the eastern region. Western China is rich in resources, especially renewable energy. It has obvious advantages in electricity price and water resources, meets the construction standard of green data center, and has the potential to develop data center and undertake the computing power demand of the East.
Therefore, the project of "counting from the east to the west" aims to build a nationwide integrated computing power network system, guide the centralized computing power demand in the east to the West in an orderly manner, and optimize the computing power layout.
According to the latest industry research report of Wanlian securities, the "East digital West computing" project arranges eight computing power hubs across the country, guides large data centers to gather in the hubs, and can flow the data from the east to the West for storage and computing, which is expected to drive the construction of data center clusters in the west, optimize resource allocation and improve resource utilization efficiency, It is good for the whole industrial chain of the data center.
Insiders pointed out that under the policy guidance, the migration of data centers from first tier cities to the central and western regions will become an important trend in the next few years.
brings a series of investment opportunities
The data center has a long industrial chain and large investment scale, involving traditional civil engineering, software and hardware facilities, energy consumption and so on. Therefore, the project of "counting from the east to the west" reflects the A-share market and is bound to bring a series of investment opportunities.
Soochow Securities Co.Ltd(601555) said that the "East count West" project will drive the development of data centers and related upstream and downstream industries. Specifically, the medium and long-term benefits include five sub areas: information and communication, it equipment manufacturing, basic software, green energy supply and civil engineering.
"The data center industry chain includes upstream infrastructure providers, midstream data centers and cloud computing service providers, and downstream end customers." Zheshang Securities Co.Ltd(601878) Zhang Jianmin, an analyst in the communication industry, said that the "East digital West computing" project will directly drive the whole industrial chain of the data center. It is suggested to pay attention to the opportunities in the fields of temperature control system, power system, IDC operators, cloud network integration, it equipment, optical modules, self-control and security.
Huaan Securities Co.Ltd(600909) it is suggested to focus on four aspects: first, the advanced construction of large-scale data center provides sufficient data storage space and computing power support for data analysis for the continuous implementation of cloud computing and AI +. In the state of sufficient supply side, once demand is born, the industry will expand rapidly. Second, the continuous improvement of infrastructure will help the more stable development of digital finance. Third, the project of "counting from the east to the west" brings a new scene of power informatization. Fourth, the further summary of data resources will put forward higher requirements for network security.
Founder Securities Co.Ltd(601901) said that the "counting from the east to the west" project will drive the development of the semiconductor chip industry chain from three stages: short-term, medium-term and long-term. In the short term, chips related to the data center will benefit first, including server chips, memory chips and memory interface chips; In the medium term, the project of "counting from the east to the west" needs to further consolidate the construction of network communication infrastructure, and the communication chips related to data transmission will usher in greater development space; In the long run, the chip industry related to data generation will maintain a high boom.
