Core view
Last week, the sector continued to fall, the financial technology sector rose significantly, and the smart car sector fell significantly. As of this week, 73 companies have disclosed their performance letters. On the whole, we believe that the future market of the sector will focus on the policy and the expectation of the first quarterly report.
The two sessions officially began last weekend. As the policy agenda for the new year, the government work report has a very important guiding significance for investment and looking for investment opportunities. From this year’s government work report, the development of digital economy has been placed in a more important position, with stronger incentives to stimulate enterprise innovation. Network and data security have become an important part of the security system, and the development of new urbanization and dual carbon will also provide greater growth momentum for new urban construction it and dual carbon it. We believe that there are long-term investment opportunities in relevant directions.
The promotion of digital infrastructure and information innovation is worth looking forward to. The government work report proposes to “build digital information infrastructure” and “improve the technological innovation and supply capacity of key software and hardware”. We believe that as a part of digital infrastructure, the launch of “digital computing from the east to the west” will drive the development of a series of upstream and downstream industries such as servers, and the information innovation work will be further expanded in 2022, and the whole information innovation industry is expected to usher in a new business cycle.
Industrial digitization is expected to accelerate. The government work report mentioned “promoting the digital transformation of industry”. We believe that the Internet, cloud computing, big data, artificial intelligence and other technologies are accelerating the integration with various industries to help customers in downstream industries reduce costs, improve quality and efficiency, and even build a platform and ecological development model. We believe that under the background of accelerating the development of digital economy, industrial Internet platform companies deserve attention.
“New urban construction it” is not only a steady growth, but also a support for optimizing people’s livelihood. The government work report proposes to “accelerate the renewal and transformation of urban gas pipelines and other pipe networks, improve flood control and drainage facilities” and “strengthen the construction of municipal facilities and disaster prevention and mitigation capacity”. We believe that under the background of increasing requirements for fine urban management and services, the intellectualization of urban infrastructure is becoming the focus of the next step. We believe that leakage control in the water industry and intelligent energy-saving transformation in the heating industry are important components of “new urban construction”, and relevant companies are expected to accelerate their development.
“Dual carbon it” has low valuation and investment value. The government work report proposes to “orderly promote carbon peak and carbon neutralization”. We believe that double carbon is an important strategic direction of the country in the coming decades. Driven by this, the energy and power intelligent industry is ushering in a turning point of development. We believe that the construction of smart mines will continue to accelerate, the power industry will move towards a new power system, and the leading enterprises in relevant industries will enter a period of accelerated growth.
Investment proposal and investment object
Digital infrastructure and information innovation: recommend the leader of information innovation server Dawning Information Industry Co.Ltd(603019) ( Dawning Information Industry Co.Ltd(603019) , buy), and the leader of digital office Beijing Kingsoft Office Software Inc(688111) ( Beijing Kingsoft Office Software Inc(688111) , increase); In addition, it is recommended to pay attention to the rating of the financial platform and the rating of the financial platform and.
Industrial digitization direction: recommend industrial Internet platform providers Beijing United Information Technology Co.Ltd(603613) ( Beijing United Information Technology Co.Ltd(603613) , buy), ERP leaders Yonyou Network Technology Co.Ltd(600588) ( Yonyou Network Technology Co.Ltd(600588) , buy); In addition, it is suggested to pay attention to the digital architecture leader Glodon Company Limited(002410) ( Glodon Company Limited(002410) , not rated).
It field of new urban construction: recommend the leader of intelligent water supply Zhejiang Heda Technology Co.Ltd(688296) ( Zhejiang Heda Technology Co.Ltd(688296) , buy), and pay attention to the leading enterprise of intelligent heating Runa Smart Equipment Co.Ltd(301129) ( Runa Smart Equipment Co.Ltd(301129) , not rated).
Dual carbon IT field: power informatization manufacturer Ygsoft Inc(002063) ( Ygsoft Inc(002063) , not rated), coal mine intelligent participant Hefei Gocom Information Technology Co.Ltd(688367) ( Hefei Gocom Information Technology Co.Ltd(688367) , not rated).
Risk tips
The implementation of the policy is less than expected; The development of digital infrastructure is less than expected; The speed of industrial digitization was lower than expected.
