Core view:
In February, the project of "counting from the east to the west" was officially launched. The national development and Reform Commission and other four departments jointly issued a notice, agreeing to start the construction of National Computing hub nodes in 8 places, including Beijing, Tianjin and Hebei, the Yangtze River Delta, Guangdong, Hong Kong and Macao Bay area, and planned 10 national data center clusters. So far, the overall layout design of the national integrated big data center system has been completed, and the "counting from the east to the west" project has been officially launched:
1. The "east to West computing" project will promote the construction of computing infrastructure, improve the overall computing level of the country, drive the investment in the new infrastructure industrial chain of digital economy, and first benefit the upstream supporting facilities providers and server manufacturers. As the core productivity of digital economy, computing power has become an important infrastructure for national economic development. At present, the scale of China's data center has reached 5 million standard racks and the computing power has reached 130 eflops (130 billion floating-point operations per second). In the future, the demand for computing power of the whole society is expected to grow rapidly at a rate of more than 20% every year. The notice requires that the average shelf rate of data centers in the cluster should reach at least 65%, and the number of computing hubs will further increase in the future, which will directly drive the incremental demand for upstream supporting facilities and servers.
2. "Counting from the east to the west" is good for the consumption of new energy and indirectly good for the energy it sector. The data center is a major energy consumer. It is estimated that the energy consumption of the national data center will account for about 2.6% of the power consumption of the whole society in 2021, and it is expected to reach 4% by 2025. The "calculation from the east to the west" will increase the layout of the data center in the west, which will greatly increase the proportion of green energy use, eliminate green energy in the south of Naxi, and alleviate the space-time contradiction between Shanxi Guoxin Energy Corporation Limited(600617) resources and power load, Promote the development of new energy industry.
3. "Counting from the east to the west" is good for "Pan security", the localization rate of basic software and hardware is expected to increase, and data security continues to increase. We expect that the "digital computing in the East and digital computing in the west" project, as a national strategy, will accelerate the iteration of the "Xinchuang" ecosystem. At the same time, it will give birth to the further improvement of the security needs of data flow, storage and computing in data transmission, which will benefit the "Pan security" manufacturers.
Investment advice
With the upcoming two sessions and the expected warming of digital economy related policies, we suggest to grasp the main line of digital economy investment. In the near future, we suggest to focus on the following main lines: 1. Leading companies upstream and downstream of cloud computing track; 2. Medium and long term layout of energy it; 3. "Pan security" includes high-quality leading companies of Xinchuang, network security and industrial software.
Focusing on the recommendation of Dawning Information Industry Co.Ltd(603019) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ Servyou Software Group Co.Ltd(603171) ( Servyou Software Group Co.Ltd(603171) . SH), Hundsun Technologies Inc(600570) ( Hundsun Technologies Inc(600570) . SH), Yonyou Network Technology Co.Ltd(600588) ( Yonyou Network Technology Co.Ltd(600588) . SH), Beijing Seeyon Internet Software Corp(688369) ( Beijing Seeyon Internet Software Corp(688369) . SH) Thunder Software Technology Co.Ltd(300496) ( Thunder Software Technology Co.Ltd(300496) . SZ), Shanghai Friendess Electronic Technology Corporation Limited(688188) ( Shanghai Friendess Electronic Technology Corporation Limited(688188) . SH). In addition, it is recommended to pay attention to Jiahe Meikang (688246. SH), Huizhou Desay Sv Automotive Co.Ltd(002920) ( Huizhou Desay Sv Automotive Co.Ltd(002920) . SZ), Trs Information Technology Co.Ltd(300229) ( Trs Information Technology Co.Ltd(300229) . SZ), Xiaomi group-w (01810. HK), Zhejiang Supcon Technology Co.Ltd(688777) . ( Zhejiang Supcon Technology Co.Ltd(688777) . SH), Zwsoft Co.Ltd(Guangzhou)(688083) ( Zwsoft Co.Ltd(Guangzhou)(688083) . SH), Sangfor Technologies Inc(300454) ( Sangfor Technologies Inc(300454) . SZ), Dbappsecurity Co.Ltd(688023) ( Dbappsecurity Co.Ltd(688023) . SH), Willfar Information Technology Co.Ltd(688100) (688110. SH) Zhongfu Information Inc(300659) Zhongfu Information Inc(300659) .SZ）、 Arcsoft Corporation Limited(688088) Arcsoft Corporation Limited(688088) .SH）。
Risk tips
Risks of intensified industry competition; The risk of Sino US friction; Supply chain risk affected by epidemic
