Foreword
“Computers at the end of the 21st century are like semiconductors at the end of the 18th century”, “financial it, the winner and loser of annual investment”. The Tianfeng computer team took a clear-cut stand at the beginning of the year and looked at more computers.
Adhering to the “systematic, scientific and ecological in-depth research system” proposed by director Zhao Xiaoguang of Tianfeng Research Institute, focusing on computer and financial it, we have done four aspects since the beginning of the year:
1. In depth research: 85 pages of prospective release and 12 reports update logic
2. Systematic research: Eleven financial it teleconferences were organized in total
3. Industrial chain research: Research on 100 CIOs, including in-depth research on the financial industry
4. Data research: financial IT industry database, series in progress
Affected by the external situation, the sector has adjusted recently, but we are more optimistic! Take financial it as an example. At present, we are optimistic about the overall outlook of Q1. At the same time, three logics can not be ignored:
1. Current undervalued value
2. High performance flexibility
3. Strong industrial trend
The strongest recommendation must come from the most in-depth research. We specially launched a series of financial IT data research to deeply explore the industrial trend.
Financial information creation data Research Series II: Database
1. Starting from 2020q2, the number of domestic databases has risen, with a year-on-year increase of 140% in 21 years: the pilot of financial information innovation in 2020 has significantly promoted the procurement of domestic databases in the financial industry. With the continuous deepening of the reform of information innovation, we expect the procurement scale of financial information innovation to continue to increase in 22 years.
2. Banks are the main force of database procurement in the financial industry, accounting for about 80% of the corresponding scalars.
3. The technical direction with distribution as the mainstream has been established: according to the storage system structure, the database is divided into distributed and centralized, and the proportion of scalars is 75% and 25% respectively.
4. The pattern of database manufacturers is relatively scattered, and Cr5 accounts for about 60% of the market share: from the scalar point of view, Damon, Huawei, Tengxun and Alibaba account for 23%, 16%, 10% and 9% respectively.
5. The price of a single node of the database fluctuates around 100000 yuan: the highest price of Dameng is about 140000 yuan / node, Tencent tdsql100 yuan / node and NPC Jincang 81000 yuan / node.
6. The market pattern of database service is scattered, and Cr5 accounts for about 53% of the market share: the head database construction manufacturers Shenzhen Sunline Tech Co.Ltd(300348) , Yusys Technologies Co.Ltd(300674) , CLP Jinxin account for about 24%, and the head database maintenance manufacturer yiantu accounts for about 22%.
It is suggested to focus on: China National Software And Service Company Limited(600536) (Dameng database), Shenzhen Sunline Tech Co.Ltd(300348) (database service), Yusys Technologies Co.Ltd(300674) (database service), Tansun Technology Co.Ltd(300872) (database service), Beijing Vastdata Technology Co.Ltd(603138) (cooperation with Huawei Gauss), Shanghai Dragonnet Technology Co.Ltd(300245) (database service), Shanghai New Centurion Network Information Technology Co.Ltd(605398) (database service).
Market and sector trend review
Last week, the computer sector fell 2.85%, the gem index fell 3.75% in the same period, and the Shanghai and Shenzhen 300 fell 1.68%. The sector underperformed the market.
Risk tip: the macro-economy is depressed, major changes have taken place in sector policies and major changes have taken place in the international environment.
