From December 8 to 10, the central economic work conference (hereinafter referred to as the “conference”) was held in Beijing. The conference summarized the economic work in 2021, analyzed the current economic situation, deployed the economic work in 2022, and put forward seven policy directions and five development ideas. We believe that these contain four investment opportunities for the computer sector in 2022.
Industrial base reengineering breaks through core technologies and focuses on “specialization and innovation” in R & D links
The meeting proposed to enhance the core competitiveness of the manufacturing industry, start a number of industrial infrastructure reconstruction projects, and stimulate the emergence of a large number of “specialized and new” enterprises. We believe that the current core competitiveness of the manufacturing industry is mainly due to the “neck” problem in the R & D link with rich innovation ability. To strengthen R & D ability and consolidate the industrial foundation, we should first start with software and hardware tools. In terms of software, there is still a long way to go to break through the supply capacity of R & D and design industrial software, and there are broad prospects for domestic substitution of CAD, CAE and EDA; In terms of hardware, as a basic tool, scientific instruments have extremely high technical barriers and are expected to become a new growth point of domestic substitution. Many high-quality targets are being listed one after another.
Digital transformation promotes the upgrading of traditional industries, and the demand in vertical fields has hidden potential
The meeting emphasized “accelerating digital transformation and promoting the upgrading of traditional industries”. At present, the new generation of information technology is deeply integrated with the manufacturing industry. Many pain points in traditional industries such as chemical industry, machinery, automobile and steel are expected to be solved and the demand is expected to be stimulated. Among them, the improvement of quality and efficiency in the production process, the optimization and innovation of operation and management and the intelligent upgrading of all links are the three key directions, and the market space is huge.
Moderately advance infrastructure construction, and relevant industries are expected to usher in a bottom rebound
At present, China’s economic development is facing triple pressures of shrinking demand, supply impact and weakening expectation. In 2022, we should keep the lead, make progress while maintaining stability, and moderately advance infrastructure construction. We believe that transportation, construction and other industries may start a new construction cycle, and smart transportation, rail transportation, construction informatization and other tracks are expected to usher in the opportunity of bottom rebound.
The “double carbon” goal promotes the energy revolution, and great changes have taken place in both old and new energy fields
Realizing carbon peak and carbon neutralization is the internal requirement of promoting high-quality development, and has become a long-term task of China’s economic development. With the implementation of the “double carbon” goal, the energy revolution is imperative. The clean utilization of traditional energy, the breakthrough of new energy technology and the disruptive change of power grid will usher in a high business cycle during the 14th Five Year Plan period, and the relevant targets are expected to continue to grow on the basis of this year.
Suggested concern
Smart car: Thunder Software Technology Co.Ltd(300496) , Huizhou Desay Sv Automotive Co.Ltd(002920) , Autel Intelligent Technology Corp.Ltd(688208) , Streamax Technology Co.Ltd(002970) , China Transinfo Technology Co.Ltd(002373) .
Industrial software: Zwsoft Co.Ltd(Guangzhou)(688083) , Shanghai Hollywave Electronic System Co.Ltd(688682) , Zhejiang Supcon Technology Co.Ltd(688777) , Yonyou Network Technology Co.Ltd(600588) , Beijing Yjk Building Software Co.Ltd(300935) , Shanghai Baosight Software Co.Ltd(600845) .
Artificial intelligence: Iflytek Co.Ltd(002230) , Zhejiang Dahua Technology Co.Ltd(002236) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Arcsoft Corporation Limited(688088) , Opt Machine Vision Tech Co.Ltd(688686) .
Network security and information creation: Qi An Xin Technology Group Inc(688561) – u, Dbappsecurity Co.Ltd(688023) , Sangfor Technologies Inc(300454) , Venustech Group Inc(002439) .
Risk statement
1) The epidemic situation intensifies and reduces the expenditure of enterprise informatization; 2) Fiscal and monetary policies are lower than expected; 3) The supply chain fluctuation increases, affecting the development of science and technology industry.
