Key investment points:
Market review and Valuation: this week (12 / 20-12 / 24) Shenwan computer industry fell 0.64%, outperforming CSI 300 index by 0.04 percentage points, ranking 16th among Shenwan 31 industries; Shenwan computer sector fell 0.04% in December, outperforming CSI 300 index by 1.89 percentage points, ranking 20th among Shenwan industries; Shenwan computer sector has fallen 0.30% year to date, outperforming CSI 300 index by 5.27 percentage points, ranking 20th among Shenwan industries Ranked 21st in the industry.
Industry news: 1. Ministry of industry and information technology The National Standardization Administration Committee jointly issued the guidelines for the construction of industrial Internet comprehensive standardization system (version 2021), which proposed to promote the first application of standards in key industries and fields, and guide enterprises to meet standards in R & D, production and management. 2. The CSRC and relevant departments of the State Council organized the drafting of the guidelines The provisions of the State Council on the administration of overseas securities issuance and listing of domestic enterprises (Draft for comments) mentioned that domestic enterprises issuing and listing overseas should strictly abide by national security laws, regulations and relevant provisions such as foreign investment, network security and data security, and earnestly fulfill the obligations of national security protection. 3、 The science and Technology Bureau of CSRC recently organized industry institutions to draft the guidelines for network security level protection of securities and futures industry (Draft for comments) It has also been printed and distributed by the industry self discipline association to solicit opinions from various securities and futures operating institutions. 4. Yu Chengdong, managing director of Huawei, consumer bgceo and buceo of smart car solutions, announced the latest progress of Hongmeng ecology. So far, the number of Huawei devices equipped with harmonyos has exceeded 220 million, and the shipment volume of new ecological devices of harmonyos connect in 2021 has exceeded 100 million. 5. Beijing Kingsoft Office Software Inc(688111) announced the launch of Jinshan digital office platform, a platform product for the digital transformation of super large organizations, and released three products: Jinshan collaboration, light dimension table and Jinshan knowledge base. 6. 2021 China Database Industry Summit was held in Beijing. As the most important basic software, database is the cornerstone to ensure the stable operation of computer system. It is predicted that China’s database market will reach 68.8 billion yuan by 2025.
Zhou viewpoint: looking forward to next year, it is suggested to grasp the opportunities of China’s digital development and pay attention to the fields with high prosperity and growth certainty. In the medium and long term, SaaS penetration increases and upstream servers recover in the short term, Focus on Inspur Electronic Information Industry Co.Ltd(000977) (000977), Shanghai Baosight Software Co.Ltd(600845) (600845), Glodon Company Limited(002410) (002410), Beijing Kingsoft Office Software Inc(688111) (688111), Yonyou Network Technology Co.Ltd(600588) (600588), etc. artificial intelligence enables enterprises to reduce costs and increase efficiency. The scenes of automatic driving and education continue to deepen, and the potential market is huge. Focus on Iflytek Co.Ltd(002230) (002230), Zhejiang Dahua Technology Co.Ltd(002236) (002236), Hangzhou Hikvision Digital Technology Co.Ltd(002415) (002415), etc. securities it benefits from the release of dividends from capital market reform, and the incremental space is expected. It pays attention to Hundsun Technologies Inc(600570) (600570), etc. there are frequent favorable policies for network security, and the demand in emerging security markets is increasing. It pays attention to Qi An Xin Technology Group Inc(688561) – u (688561), Venustech Group Inc(002439) (002439), Nsfocus Technologies Group Co.Ltd(300369) (300369), etc.
Risk tips: policy changes; Macroeconomic fluctuations affect the demand for downstream products; Technology advancement is less than expected; Intensified industry competition, etc.
