Core view:
This month, the performance of the computer sector basically converged with that of the Shanghai and Shenzhen 300. The white horse stocks in the industry performed better this month, and the market performance of the leaders in multiple segments gradually improved due to performance drivers and other factors. Looking forward to 2022, we believe that there will be relatively certain changes in the computer industry β Market, it is suggested to focus on the following main lines:
1. Energy it: under the background of the “double carbon” policy and the vigorous development of new energy industry, the energy Internet system has ushered in major development opportunities. The incremental space is reflected in three parts: 1. Firstly, the structure of energy system will be transformed into centralized and distributed coordination, and the distributed structure will produce huge incremental development space in the evolution trend of energy Internet. 2. We are optimistic about the construction needs of three key links in the distributed structure of energy system: energy storage (energy storage system), microgrid and virtual power plant; 2. The new power system needs the digital transformation of the power grid. We are optimistic about the growth of intelligent sensing, platform and terminal applications of the Internet of things in the construction of digital power grid, as well as the growth of the demand for intelligent power operation, maintenance and monitoring; 3. Development of energy management services, urban charging stations, smart parks and other operation services.
2. Metauniverse: metauniverse is a new generation of Internet form with large traffic covering aiot based on network transmission reform (5g) + interactive mode reform (VR / AR) + computing power reform (AI chips such as GPU) + content Ecology (UGC). From 1g / 2G / 3G / 4G to 5g / 6G, from PC Internet, mobile Internet to metauniverse, each generation of Internet reform can bring a new round of technical dividend release, and give birth to new computing leaders (such as Intel and Qualcomm), algorithm leaders (such as Microsoft, Google and byte interaction), terminal dragons (such as Nokia and apple) and corresponding business forms. At this point in time, we focus on the progress and investment opportunities of cloud computing and AI chips supported by meta cosmic computing power.
3. Pan security: Security overweight, “Xinchuang” ecology accelerates iteration, and basic software (including industrial software) benefits the most. The Ministry of industry and information technology recently issued relevant documents, pointing out that the “14th five year plan” period will focus on the software industry chain, focusing on three aspects: first, stabilize the upstream and consolidate the strength of basic software upstream of the development environment, tools and other industrial chains. Second, attack the middle reaches and improve the software level of the middle reaches of the industrial chain such as industrial software, application software, platform software and embedded software. Third, optimize the downstream and increase the supply of information technology service products downstream of the industrial chain. First, the industrial base has been upgraded. Breakthroughs have been made in the supply of basic components, and the leading role of standards has been significantly enhanced; Second, the industrial chain has reached a new level, the weaknesses of the industrial chain have been effectively solved, the supply capacity of key software such as basic software and industrial software has been significantly improved, the basic software (operating system, database, middleware, etc.) has been concentrated, and the industrial software (including R & D and design software such as CAD / CAE / EDA, as well as industrial control software such as PLC / DCS / SIS) has been broken through, By 2025, there will be more than 1 million industrial apps.
Investment advice
Looking forward to 2022, we believe that there will be relatively certain changes in the computer industry β Market, it is recommended to focus on the following main lines. We continue to recommend investment opportunities with long-term growth and hard technology attributes, such as cloud computing, industrial software, financial it and intelligent network track.
Focus on Servyou Software Group Co.Ltd(603171) (603171. SH), Beijing Tongtech Co.Ltd(300379) (300379. SZ), Hundsun Technologies Inc(600570) (600570. SH), Yonyou Network Technology Co.Ltd(600588) (600588. SH), Thunder Software Technology Co.Ltd(300496) (300496. SZ), Autel Intelligent Technology Corp.Ltd(688208) (688208. SH), Shanghai Friendess Electronic Technology Corporation Limited(688188) (688188. SH), {300682. SZ), Zhongfu Information Inc(300659) (300659. SZ), Arcsoft Corporation Limited(688088) (688088. SH). In addition, it is recommended to pay attention to Rockchip Electronics Co.Ltd(603893) (603893. SH), Huizhou Desay Sv Automotive Co.Ltd(002920) (002920. Sz Hangzhou Hopechart Iot Technology Co.Ltd(688288) (688288. SH), Trs Information Technology Co.Ltd(300229) (300229. SZ), Beijing Kingsoft Office Software Inc(688111) (688111. SH), Xiaomi group-w (01810. HK), Zhejiang Supcon Technology Co.Ltd(688777) (688777. SH), Zwsoft Co.Ltd(Guangzhou)(688083) (688083. SH), Sangfor Technologies Inc(300454) (300454. SZ), Dbappsecurity Co.Ltd(688023) (688023. SH), Willfar Information Technology Co.Ltd(688100) (688110. SH).
Risk statement
The risk of intensified industry competition; The risk of Sino US friction; Supply chain risk affected by the epidemic.
