Shanghai released the three-year action plan for the network security industry, doubling the industrial scale. Shanghai released the action plan for building a new high in the network security industry in Shanghai (2021-2023). The plan points out that by 2023, the scale of the network security industry in Shanghai will double to 25 billion yuan (double), the annual compound growth rate will exceed 25%, the national industrial scale accounts for 10%, drive the growth of related industries to exceed 250 billion yuan, and cultivate 10 industry leading enterprises, The transformation speed of network security service has been significantly improved, and the construction of two national network security industrial parks has been promoted. At the same time, accelerate R & D and innovation in key technical fields and application scenarios.
The central network information office is speeding up the formulation of supporting laws and regulations for data security law and personal security law. On December 17, 2021, Fang Xinping, deputy director of the Network Data Management Bureau of the central network information office, said in his speech at the “2021 woodpecker Data Governance Forum” that at present, the central network information office is stepping up the formulation of supporting laws and regulations of data security law and personal information protection law, For example, the regulations on the administration of network data security, the measures for the evaluation of data exit security and the provisions on the standard contract for personal information exit are being drafted
Interim Provisions on safety management of face recognition technology application, etc.
Ministry of industry and information technology: improve the safety system of Internet of vehicles. On December 20, 2021, the national industry and information technology work conference was held. The conference stressed that one of the key tasks of the Ministry of industry and information technology in 2022 is to deeply promote the special rectification of app and improve the safety guarantee system such as Internet of vehicles and intelligent networked vehicles.
Plate underestimated value, high growth, safety cushion. In the context of weak overall economic growth, investors are still worried about the certainty of the growth of the computer sector next year. Once the growth is less than expected, there is still a risk of killing the valuation of the computer industry with high valuation. However, the overall valuation of the network security sector in the computer sub sector is low. Especially in the past 21 years, the sector has experienced a round of downward valuation. At present, the PS in 22 years such as Sangfor Technologies Inc(300454) , Qi An Xin Technology Group Inc(688561) , Dbappsecurity Co.Ltd(688023) has been reduced to less than 10 times, and the PE in 22 years such as Topsec Technologies Group Inc(002212) , Venustech Group Inc(002439) , Nsfocus Technologies Group Co.Ltd(300369) has been reduced to 25 times left and right. The overall security is high. Since this year, the network security industry policy has been intensively released. With the multi-point drive of digital economic transformation, attack and defense, compliance and service, we continue to be optimistic about the prosperity of the network security industry. After 22 years of growth recovery, the network security company is expected to obtain the benefits of performance growth and valuation recovery at the same time.
Investment suggestions: it is recommended to pay attention to 360 Security Technology Inc(601360) with poor expectations and network security leaders Sangfor Technologies Inc(300454) , Qi An Xin Technology Group Inc(688561) , Dbappsecurity Co.Ltd(688023) , Nsfocus Technologies Group Co.Ltd(300369) , Venustech Group Inc(002439) , Topsec Technologies Group Inc(002212) , Koal Software Co.Ltd(603232) , Zhongfu Information Inc(300659) .
Risk warning: policy promotion is not as expected; The government budget fell short of expectations.
(Capital Securities)
