Event: last week, the rise and fall of the computer sector was basically consistent with the main indexes. Most white horse stocks performed well, while the power informatization and other sectors with eye-catching performance in the early stage performed generally. We feel that the market is paying more attention to the sector, and investors pay more attention to the long-term industrial direction and the fields with marginal changes in the short term. Core view
The cloud computing field pays attention to the start of the quadratic growth curve of leading companies: SaaS leading enterprise Beijing Kingsoft Office Software Inc(688111) held a digital office conference this week, released new products and modules, and accelerated the expansion to the b-end enterprise service market. We believe that the company’s new products have made great progress in the underlying platform and function application, and we expect the company to have a faster pace in market expansion in the future. The industry solution enterprises, such as Winning Health Technology Group Co.Ltd(300253) , Hundsun Technologies Inc(600570) , Beijing Shiji Information Technology Co.Ltd(002153) , have completed the user trial of new products. We expect that the new products of these companies will enter the accelerated landing period next year.
The downstream demand for industrial software is good and the trend of domestic substitution is clear: the demand for industrial software is mainly driven by two factors: one is to help downstream industries and customers improve quality, reduce cost and increase efficiency, and the other is domestic substitution. We believe that R & D software mainly benefits from the localization trend, while process monitoring and control software benefits from the digital transformation and upgrading of downstream customers. Galen Electronics will be listed next week, which is also expected to increase the market’s attention to industrial software.
The smart car sector deserves long-term optimism: in the field of smart cars, under the background of software defining cars, the value of software continues to highlight. At the same time, the automotive software industry chain is gradually being reshaped, and software manufacturers are expected to become Tier1 suppliers. The digital cockpit has successfully crossed the penetration inflection point and has become an important selling point of the car. The automatic driving is also experiencing the technological evolution process from low-speed domain to high-speed domain. Relevant manufacturers have taken the lead in completing the layout of the intelligent cockpit and focus on higher-level automatic driving.
The intelligence of energy and public utilities has a good certainty: the intelligence of energy and public utilities was not valued by the market in the past, but after the rise of distributed energy and dual carbon has become a national strategy, the demand of power, heating and other industries is ushering in a release cycle, and the intelligence of water supply, coal mining and other industries is also accelerating under the promotion of policies. On the other hand, the rise of emerging technologies such as industrial Internet, 5g, big data and AI also helps the high-quality development of these traditional industries. We believe that driven by both supply and demand factors, relevant industries will usher in rapid growth. From the perspective of order renewal of relevant companies, the high demand boom of the industry can also be better verified.
Investment proposal and investment object
Cloud Computing: recommend digital office leader Beijing Kingsoft Office Software Inc(688111) (688111, overweight), medical it leader Winning Health Technology Group Co.Ltd(300253) (300253, buy), digital Procurement Leader Beijing United Information Technology Co.Ltd(603613) (603613, buy). In addition, it is recommended to pay attention to Shanghai Weaver Network Co.Ltd(603039) (603039, not rated), Beijing Shiji Information Technology Co.Ltd(002153) (002153, not rated), Glodon Company Limited(002410) (002410, not rated), Yonyou Network Technology Co.Ltd(600588) (600588, buy).
In the field of industrial software, investors are advised to pay attention to the newly listed Galen Electronics (688206, not rated), domestic CAD leader Zwsoft Co.Ltd(Guangzhou)(688083) (688083, not rated), equipment monitoring and fault diagnosis scheme provider Anhui Ronds Science & Technology Incorporated Company(688768) (688768, not rated), and machine vision scheme provider Opt Machine Vision Tech Co.Ltd(688686) (688686, not rated).
Smart car sector: recommend Thunder Software Technology Co.Ltd(300496) (300496, buy) as the leader of automotive intelligence, and Autel Intelligent Technology Corp.Ltd(688208) (688208, buy) which is moving from the automotive aftermarket to the field of new energy and intelligence;
In the field of intelligent energy and public utilities: it is recommended to recommend Zhejiang Heda Technology Co.Ltd(688296) (688296, buy), pay attention to Ygsoft Inc(002063) (002063, not rated), the leading enterprise of intelligent heating Runa Smart Equipment Co.Ltd(301129) (301129, not rated), and the intelligent participant of coal mine Hefei Gocom Information Technology Co.Ltd(688367) (688367, not rated);
Risk statement
The digital transformation of government and enterprises is less than expected; Industry market competition intensifies
