Summary of core contents of the report
1. Core view: structural opportunities, five tracks
Industrial Transformation: the three cycles of cloud, intelligence and localization are superimposed, China National Software And Service Company Limited(600536) industrial ecological change leads industrial transformation
Policy driven: the 14th five year plan for software development and other policies were released, and core and key software such as industrial software ushered in a golden age
Demand pull: the rise of downstream intelligent vehicles, the reform of energy industry and securities industry have boosted the software demand of relevant industries
Opportunity judgment: structural opportunities, optimistic about the five boom tracks: industrial software, energy it, intelligent driving, securities it and data security
2. 2022 Outlook: software definition, prosperity first
Industrial software: domestic substitution, strong demand driven by manufacturing transformation and upgrading, and sustained high prosperity in the next 3-5 years
Energy it: the acceleration of “new energy + industry”, the transformation of digital new energy industry, and the opening of a new cycle of energy it
Intelligent driving: software defines vehicles. The high prosperity of downstream new energy vehicles drives the high growth of intelligent cockpit and ADAS
Securities it: capital market reform policy + wealth management reform, bringing new it needs, new scenarios and new businesses
Data security: the introduction of policies such as the data security law + the endogenous demand for digitization, and data security meets the rapid growth
3. Relevant beneficial objects
Longtou white horse: Glodon Company Limited(002410) , Sangfor Technologies Inc(300454) , Yonyou Network Technology Co.Ltd(600588) , Beijing Kingsoft Office Software Inc(688111) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Iflytek Co.Ltd(002230) , Beijing Shiji Information Technology Co.Ltd(002153) and other companies
Industrial software: Zwsoft Co.Ltd(Guangzhou)(688083) , Zhejiang Supcon Technology Co.Ltd(688777) , Shanghai Baosight Software Co.Ltd(600845) , Shanghai Friendess Electronic Technology Corporation Limited(688188) , Huada Jiutian (to be listed), Kelun Electronics (to be listed)
Energy it: State Grid Information&Communication Co.Ltd(600131) , Ygsoft Inc(002063) , Beijing Forever Technology Co.Ltd(300365) , Longshine Technology Group Co.Ltd(300682) , Nari Technology Co.Ltd(600406) and other companies
Intelligent driving: Thunder Software Technology Co.Ltd(300496) , Huizhou Desay Sv Automotive Co.Ltd(002920) , Autel Intelligent Technology Corp.Ltd(688208)
Securities it: Hundsun Technologies Inc(600570) , Hithink Royalflush Information Network Co.Ltd(300033) , East Money Information Co.Ltd(300059)
Data security: Xiamen Meiya Pico Information Co.Ltd(300188) , Dbappsecurity Co.Ltd(688023) , Qi An Xin Technology Group Inc(688561) , Sangfor Technologies Inc(300454) , Venustech Group Inc(002439) , Topsec Technologies Group Inc(002212) and other companies
4. Risk tips
The future changes of the epidemic will affect the risk of it expenditure of downstream enterprises, the risk that the pace and progress of policy implementation are less than expected, and the risk that the downstream demand is less than expected.
