Core view
In the 2021 performance forecast, about 40% of the companies are expected to increase year-on-year. Taking Shenwan computer sector as an example, a total of 162 computer companies issued performance forecasts, of which 65 companies issued performance letters, a total of 199. From the situation of these 199 companies, 87 companies achieved year-on-year growth in net profit attributable to parent companies in 2021, accounting for 44% of the total number of companies that announced their performance, and 112 companies experienced a decline in net profit attributable to parent companies in 2021, accounting for 56% of the total number of Companies that announced their performance. Analyze the reasons for the year-on-year decline in performance, mainly because the epidemic and other factors have affected the IT expenditure of the government and other relevant units, As well as the information construction needs of relevant industries, it has affected the performance release of relevant companies in the sector to a certain extent.
The penetration rate of ADAS is increasing, and the number of single vehicle sensors is increasing. With the increasing penetration of various high-order driving assistance functions, the demand for environmental sensing sensors is also increasing, driving the continuous improvement of the number of single vehicle sensors. Lidar, vehicle mounted camera, millimeter wave radar and ultrasonic radar, as the four major sensing sensors, are expected to quickly and in large quantities, laying a solid foundation for the commercial landing of high-order automatic driving. The on-board computing platform is the wind vane of the transformation of the intelligent networked automobile industry. With the gradual improvement of automobile intelligence, the demand for high-performance SOC chip is increasing. The main control chip is the link with the highest barrier and the best business model in all links; In addition, the current automobile chip shipments are too small to fully amortize the high R & D costs in the early stage. All kinds of factors make SOC master chips a long-term and extremely scarce track and a game belonging to only a few players. International giants such as NVIDIA, Qualcomm and Intel continue to make efforts in the chip track. In China, Huawei and horizon are constantly catching up.
Automotive software is the beta of automotive intelligent track. With the increasing weight of automotive software, for the main engine factory, application software is the direct embodiment of its brand intelligence and the key to whether it can occupy the mind of consumers. The customization and differentiation of core functions and algorithms must be the focus of its efforts. For the relatively standard system software and function software at the bottom, as well as the corresponding tool chain and other products, Independent software solution providers have significant advantages and scale effect.
The wave of automotive intelligence is in the ascendant. It is suggested to pay attention to relevant manufacturers. The wave of intellectualization is in the ascendant, and the technological transformation of on-board computing platform has just begun. Continuous product and technological iterations have provided a large number of incremental business opportunities for solution providers and software providers in the upper reaches of the industrial chain. It is suggested to pay attention to Thunder Software Technology Co.Ltd(300496) , Huizhou Desay Sv Automotive Co.Ltd(002920) , Guangting information, Neusoft Corporation(600718) , Navinfo Co.Ltd(002405) , and other related listed companies.
Risk warning: repeated epidemic or continuous adverse impact on automobile sales; Sino US science and technology, trade friction risk; Risks such as changes in the market pattern and intensified competition.
