Core conclusion
Strategy Yi Bin: “counting from the east to the west” is the “South-to-North Water Transfer” in the era of digital economy. Its project construction cycle will be a long-term project for decades. At the same time, as a project with heavy asset investment and long investment chain, the investment volume may be at the level of hundreds of billions. In terms of industry configuration, it is suggested to focus on Digitization and greening, and configure along the two main lines of science and technology and green. ① Main line of science and technology: greater investment opportunities come from the hardware side, which directly corresponds to the investment opportunities of 5g industrial chain. Investment opportunities at the hardware level of infrastructure such as key communication infrastructure, equipment manufacturers, IDC and operators. Metauniverse is one of the most potential directions at the application side. ② Green main line: corresponding to the “double carbon” investment main line, the data center has the attribute of high energy consumption, brings the demand for carbon reduction, and pays attention to the construction of new energy and supporting facilities.
Communication Fu Mingfei: the “East digital West computing” project will benefit the data center industrial chain and computing network industrial chain for a long time. From the perspective of investment rhythm, IDC civil engineering, green energy supply and IDC operators within the hub nodes may take the lead in benefiting, and computing network communication, it equipment manufacturing, basic software and network security software and hardware may relay. It is suggested to pay attention to: Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) , Kehua Data Co.Ltd(002335) , Mcc Meili Cloud Computing Industry Investment Co.Ltd(000815) , Beijing Sinnet Technology Co.Ltd(300383) , Nova Technology Corporation Limited(300921) , three operators, Zte Corporation(000063) , Suzhou Tfc Optical Communication Co.Ltd(300394) , Eoptolink Technology Inc.Ltd(300502) , Zhongji Innolight Co.Ltd(300308) . Xing Kaiyun of computer: the industrial links of server and data center benefit deeply. The data center industry chain will benefit directly, involving basic software and hardware and construction and operation services. At the same time, the supply side will be more efficient and energy-saving, putting forward higher requirements for service providers; The promotion of the “digital economy” plan will be strengthened. In the future, it will continue to drive the continuous upgrading of information and communication infrastructure, stimulate the deepening of IT industry development in various vertical fields, and further guide the cultivation of emerging industrial applications and formats; The superposition industry information and innovation accelerated, and the dividend of the industrial chain continued to be released. It is suggested to pay attention to: Skyworth Digital Co.Ltd(000810) , Shanghai Baosight Software Co.Ltd(600845) , Beijing Sinnet Technology Co.Ltd(300383) , Dawning Information Industry Co.Ltd(603019) . E-mail he maofei: the server industry has ushered in multiple profits. On the one hand, as an important landing direction of the policy of “counting from the east to the west”, it opens space for the long-term demand of servers. On the other hand, the development of information technology promotes the transfer of data to the cloud. With the gradual mitigation of the epidemic and the impact of core shortage and the iteration of CPU update, the server market will usher in a new round of growth cycle in 2022.
Dianxin Yang Jingmei: the demand for power supply and distribution system is expected to benefit from the construction of “counting from the east to the west”, the superposition of emission reduction policies and the increase of cabinet power, and the demand for refrigeration and energy-saving equipment is expected to further increase. It is suggested to pay attention to: Shanghai Liangxin Electrical Co.Ltd(002706) , Zhejiang Chint Electrics Co.Ltd(601877) , Zhejiang Tengen Electrics Co.Ltd(605066) , Kehua Data Co.Ltd(002335) , Shenzhen Kstar Science & Technology Co.Ltd(002518) , East Group Co.Ltd(300376) , Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) , Shenzhen Envicool Technology Co.Ltd(002837) . Media Li Yanli: the computing power of cloud computing has been improved and the infrastructure construction of meta universe has been promoted. The media Internet industry has a great demand for computing power. The improvement of the efficiency of computing power distribution in China will promote the steady expansion of industries including short video, games and cloud computing. At the same time, the project of “counting from the east to the west” helps to improve the infrastructure of meta universe, and XR content developers and virtual space platform enterprises are expected to benefit. Suggestions are focused on: platform based platform Kwai -W, Tencent holdings, Baidu group -W, Mango Excellent Media Co.Ltd(300413) , Perfect World Co.Ltd(002624) , Zhejiang Huace Film And Tv Co.Ltd(300133) , Wuxi Boton Technology Co.Ltd(300031) , Visual China Group Co.Ltd(000681) , Bluefocus Intelligent Communications Group Co.Ltd(300058) , etc.
Risk warning: the construction progress and scale of the project are less than expected, the industrial development progress is less than expected, and the risk of epidemic and macroeconomic fluctuation.
