Industry core view:
Last week’s electronic index (shenwanyi level) rose by 0.93%, outperforming the CSI 300 index by 1.60 percentage points. In terms of sub industries, the component industry in the secondary sub industry increased the most, with an increase of 3.95%. The optical component industry in the tertiary sub industry increased the most, with an increase of 9.40%. In the industry dynamics last week, in the electronic component sector, the headquarters of China Electronics Group moved to Shenzhen, which is expected to further deepen the group’s flag The potential for the integrated development of high-tech assets and resources and Shenzhen Science and technology industry; In the automotive electronics sector, Huawei AITO smart car was released to realize the interconnection of people, mobile phones, homes, watches and cars, which is expected to promote the further penetration of the trend of automotive intelligence and the rise in the consumption of related electronic products. Investors are advised to pay attention to the important boom track of the electronic industry and recommend high-profile subdivision fields such as electronic components.
Key investment points:
China Electronics Group headquarters moved to Shenzhen: on December 25, China Electronics Group headquarters moved to Shenzhen from Beijing, which is in line with the national policy of relieving non capital functions. China Electronics’s listed companies headquartered in Shenzhen include Shenzhen Kaifa Technology Co.Ltd(000021) , shensanda and China Greatwall Technology Group Co.Ltd(000066) , which play an important role in the business development of China Electronics Group. Shenzhen occupies China’s international leading position in many strategic emerging technology industries. At the same time, China Electronics’s enterprises involve many important fields such as integrated circuits, display panels, intelligent terminals and software systems, including Kirin software under China National Software And Service Company Limited(600536) , China Greatwall Technology Group Co.Ltd(000066) Feiteng chip under China Greatwall Technology Group Co.Ltd(000066) , CLP panda, Chengdu Rainbow Appliance(Group) Shares Co.Ltd(003023) , Huada semiconductor, etc, The relocation of the group headquarters to Shenzhen is expected to further deepen the potential for the integrated development of the company’s technology and resources and Shenzhen’s science and technology industry.
Huawei AITO auto release: on December 23, at Huawei’s winter flagship new product launch, AITO officially launched the intelligent luxury SUV – AITO Q & A M5. Huawei AITO is equipped with 10.4-inch curved full LCD dashboard, 15.6-inch 2khdr intelligent central control screen, wireless charging area, etc., which greatly improves the convenience of operation. The panoramic sky curtain with a total area of about 2 square meters brings open A soothing ride. The harmonyos smart cockpit of AITO is an intelligent terminal that connects people, mobile phones, smart homes, smart watches, etc. to the whole network. It truly realizes the interconnection of all things, further promotes the penetration of the intelligent trend in the automotive market, and drives the increase in the consumption of storage, computing, communication and other components, It also drives the expansion of the application of panel display technology and the further acceleration of the market penetration of on-board sensors.
There is a large room for the rise of Industry Valuation: PE (TTM) in SW electronics sector is 45.44 times, 88.11 times higher than the peak, and there is a large upward space of 48.43%.
Last week, the performance of the electronics sector was weak: among the 352 stocks in Shenwan electronics industry last week, 123 rose, 223 fell and 6 were flat, with an increase ratio of 34.94%.
Risk factors: the risk that technology R & D cannot keep up with expectations; The risk of intensified competition in the same industry; The risk of science and technology friction; The risk of the epidemic spreading again
