Key investment points:
Industry dynamics
International market: success of self-developed chips such as apple, Google and Amazon: penetration of arm into x86 architecture market; Strategy Analytics: apple, Intel and MediaTek were the top three global tablet application processor shipments in Q3 in 2021; Tencent: US $200 million invested in immutable, an Australian NFT game company. Chinese market: the ID card will be electronic this year; China’s first “brain computer interface” reactive closed-loop nerve stimulation system implantation operation was successfully completed: artificial intelligence chip is directly connected to the brain; China Radio and television: the construction of 5g core network Chongqing node and Xinjiang Provincial node was started.
Hardware price index
The price index of computer hardware in this period is 102.67, which is the same as that in the previous period, including the price index of notebook 104.16; Desktop price index 94.24; The tablet price index was 123.88, unchanged from the previous period.
The price index of DIY accessories in this period is 88.02, which is the same as that in the previous period, including the price index of LCD 92.64; The main board price index is 87.75; CPU price index 80.27; Hard disk price index 104.80; Memory price index 83.40; The graphics card price index was 60.73, which was flat with the previous period.
Important developments of A-share listed companies
Pci Technology Group Co.Ltd(600728) : launch the “epidemic guard” intelligent verification machine Unisplendour Corporation Limited(000938) : Xinhua third group won the exclusive bid for China Radio and television it cloud resource pool project Navinfo Co.Ltd(002405) : signed a cooperation agreement with alpai China.
Weekly market review and investment strategy outlook
From March 7 to March 11, the CSI 300 index fell 4.22%, the Shanghai Composite Index fell 4.00%, the Shenzhen Component Index fell 4.40%, the gem index fell 3.03%, the computer industry fell 3.71%, of which the computer equipment sector fell 2.44%. In terms of individual stocks, Shanghai Dragonnet Technology Co.Ltd(300245) , Xinjiang Sailing Information Technology Co.Ltd(300588) led the increase Beijing Zznode Technologies Co.Ltd(003007) , Jiayuan technology led the decline. We believe that Shanghai Dragonnet Technology Co.Ltd(300245) , Xinjiang Sailing Information Technology Co.Ltd(300588) , Zhengzhou Tiamaes Technology Co.Ltd(300807) , and Zhengzhou Tiamaes Technology Co.Ltd(300807) in the concept of data center and cloud computing benefited from the relevant policies of Eastern digital computing and Western computing this week; The sharp decline of Beijing Zznode Technologies Co.Ltd(003007) may be related to the company’s performance loss in 2021 and the receipt of the attention letter from Shenzhen Stock Exchange.
From the perspective of PE (TTM, overall method, excluding negative values), the valuation of the computer sector is at the lower middle level in recent three years, with a slight decrease in the week on month ratio. Affected by the sharp decline in the market, the computer sector still showed a downward trend this week. It is expected that with the release of system risk, the computer sector is expected to usher in a rebound. It is suggested to pay attention to the subdivided industries and targets with favorable policies. We are mainly optimistic about the concept of Eastern digital computing and Western computing and the concept of electronic ID card, maintain the shareholding increase rating of Unisplendour Corporation Limited(000938) ( Unisplendour Corporation Limited(000938) ), Digital China Information Service Company Ltd(000555) ( Digital China Information Service Company Ltd(000555) ) and Beijing Vastdata Technology Co.Ltd(603138) ( Beijing Vastdata Technology Co.Ltd(603138) ), and give the shareholding increase rating of Shenzhen Emperor Technology Company Limited(300546) ( Shenzhen Emperor Technology Company Limited(300546) ).
Risk tips
There are uncertainties in the implementation of policies, the steady growth investment is less than expected, the epidemic change is more than expected, and the geographical conflict is intensified
