Last week, the sector index fell 4.3%, which is basically consistent with the performance of Shanghai and Shenzhen 300, small and medium-sized board and other indexes. The related themes of counting from the east to the West performed better, while other sectors performed generally. However, we believe that after the significant adjustment of the sector, the valuations of leading companies and high growth small and medium-sized market capitalization companies have a good margin of safety and future space. With the continuous implementation of digital economic policies, it is expected that the sector will perform better in the future.
The electronic license industry is expected to receive a high degree of attention in the short term: the national two sessions have officially ended, and the government work report has expressed a strong expectation of steady growth. At the same time, it focuses on the development of the digital economy and emphasizes the importance of ensuring people’s livelihood. When answering reporters’ questions, the premier also proposed to popularize the use of electronic ID cards by the end of the year; In addition, during the two sessions, the national development and Reform Commission and the Ministry of housing and urban rural development issued the pilot policy of leakage control of public water supply network. The two departments of the health commission of the Ministry of Finance proposed that the subsidy for public hospital reform and high-quality development demonstration projects in each province should not exceed 500 million yuan. These policies will increase the demand for informatization at different levels and in different fields.
The promotion of digital infrastructure and information innovation is worth looking forward to. The government work report proposes to “build digital information infrastructure” and “improve the technological innovation and supply capacity of key software and hardware”. We believe that as a part of digital infrastructure, the launch of “digital computing from the east to the west” will drive the development of a series of upstream and downstream industries such as servers, and the information innovation work will be further expanded in 2022, and the whole information innovation industry is expected to usher in a new business cycle.
Industrial digitization is expected to accelerate. The government work report mentioned “promoting the digital transformation of industry”. We believe that the Internet, cloud computing, big data, artificial intelligence and other technologies are accelerating the integration with various industries to help customers in downstream industries reduce costs, improve quality and efficiency, and even build a platform and ecological development model. We believe that under the background of accelerating the development of digital economy, industrial Internet platform companies deserve attention.
“New urban construction it” is not only a steady growth, but also a support for optimizing people’s livelihood. The government work report proposes to “accelerate the renewal and transformation of urban gas pipelines and other pipe networks, improve flood control and drainage facilities” and “strengthen the construction of municipal facilities and disaster prevention and mitigation capacity”. We believe that under the background of increasing requirements for fine urban management and services, the intellectualization of urban infrastructure is becoming the focus of the next step. We believe that leakage control in the water industry and intelligent energy-saving transformation in the heating industry are important components of “new urban construction”, and relevant companies are expected to accelerate their development.
“Dual carbon it” has low valuation and investment value. The government work report proposes to “orderly promote carbon peak and carbon neutralization”. We believe that double carbon is an important strategic direction of the country in the coming decades. Driven by this, the energy and power intelligent industry is ushering in a turning point of development. We believe that the construction of smart mines will continue to accelerate, the power industry will move towards a new power system, and the leading enterprises in relevant industries will enter a period of accelerated growth.
Investment proposal and investment object
Digital infrastructure and information innovation: recommend the leader of information innovation server Dawning Information Industry Co.Ltd(603019) ( Dawning Information Industry Co.Ltd(603019) , buy), and the leader of digital office Beijing Kingsoft Office Software Inc(688111) ( Beijing Kingsoft Office Software Inc(688111) , increase); In addition, it is suggested to pay attention to the leading enterprises in OA industry Shanghai Weaver Network Co.Ltd(603039) ( Shanghai Weaver Network Co.Ltd(603039) , not rated), financial information innovation integrators and banking software platforms Digital China Information Service Company Ltd(000555) ( Digital China Information Service Company Ltd(000555) , buy), Shenzhen Sunline Tech Co.Ltd(300348) ( Shenzhen Sunline Tech Co.Ltd(300348) , not rated).
Industrial digitization direction: recommend industrial Internet platform providers Beijing United Information Technology Co.Ltd(603613) ( Beijing United Information Technology Co.Ltd(603613) , buy), ERP leaders Yonyou Network Technology Co.Ltd(600588) ( Yonyou Network Technology Co.Ltd(600588) , buy); In addition, it is suggested to pay attention to the digital architecture leader Glodon Company Limited(002410) ( Glodon Company Limited(002410) , not rated).
It field of new urban construction: recommend the leader of intelligent water supply Zhejiang Heda Technology Co.Ltd(688296) ( Zhejiang Heda Technology Co.Ltd(688296) , buy), and pay attention to the leading enterprise of intelligent heating Runa Smart Equipment Co.Ltd(301129) ( Runa Smart Equipment Co.Ltd(301129) , not rated).
Dual carbon IT field: it is recommended to pay attention to power information manufacturer Ygsoft Inc(002063) ( Ygsoft Inc(002063) , not rated), coal mine intelligent participant Hefei Gocom Information Technology Co.Ltd(688367) ( Hefei Gocom Information Technology Co.Ltd(688367) , not rated).
In the field of electronic license: it is recommended to pay attention to Synthesis Electronic Technology Co.Ltd(300479) ( Synthesis Electronic Technology Co.Ltd(300479) , not rated), Xiamen Meiya Pico Information Co.Ltd(300188) ( Xiamen Meiya Pico Information Co.Ltd(300188) , buy), Linewell Software Co.Ltd(603636) ( Linewell Software Co.Ltd(603636) , not rated).
Risk tips
The implementation of the policy is less than expected; The development of digital infrastructure is less than expected; The speed of industrial digitization was lower than expected. Investment proposal and investment object
