Core view
Last week, the rise and fall of the computer sector was basically the same as that of the main indexes. The internal differentiation of the sector was large, and the medical / medical insurance it performed well, while the performance of the smart car and power it sectors was relatively average. We believe that as we enter the new year, on the one hand, the market will be more concerned about whether the performance of Companies in 2021 meets the expectations. On the other hand, if the performance of Listed Companies in 2021 and 2022 is uncertain, the market will switch valuation.
Medical / healthcare IT attention is maintained at a high level. At the end of November, the National Medical Insurance Bureau issued the three-year action plan for DRG / Dip payment method reform, and the market continued to pay more attention to relevant sectors. We believe that the change of the medical insurance payment system will bring direct demand to the DRG / Dip related grouping device and information system. In addition, due to the higher requirements for data due to the change of the payment system, it also requires hospitals to strengthen fine management, thus bringing indirect demand to medical it. Investors are advised to pay attention to Winning Health Technology Group Co.Ltd(300253) , B-Soft Co.Ltd(300451) , Sichuan Jiuyuan Yinhai Software Co.Ltd(002777) .
The cloud computing field pays attention to the start of the quadratic growth curve of leading companies. Product SaaS leading enterprise Beijing Kingsoft Office Software Inc(688111) released new products and modules at the 2021 digital office conference to accelerate the expansion to the b-end enterprise service market. We believe that the company’s new products have made great progress in the underlying platform and function application, and we look forward to a faster pace of market expansion in the future. The industry solution enterprises, such as Winning Health Technology Group Co.Ltd(300253) , Hundsun Technologies Inc(600570) , Beijing Shiji Information Technology Co.Ltd(002153) , have completed the user trial of new products. We expect that the new products of these companies will enter the accelerated landing period next year.
The intellectualization of energy and public utilities has good certainty. The intelligence of energy and public utilities was not valued by the market in the past, but after the rise of distributed energy and dual carbon become the national strategy, the demand of power, heating and other industries is ushering in a release cycle, and the intelligence of water supply, coal mining and other industries is also accelerating under the promotion of policies. On the other hand, the rise of emerging technologies such as industrial Internet, 5g, big data and AI also helps the high-quality development of these traditional industries. We believe that driven by both supply and demand factors, relevant industries will usher in rapid growth. From the perspective of order renewal of relevant companies, the high demand boom of the industry can also be better verified.
Investment proposal and investment object
Intelligent automobile sector: it is recommended that Thunder Software Technology Co.Ltd(300496) (300496, buy) be the leader of automobile intellectualization, and Autel Intelligent Technology Corp.Ltd(688208) (688208, buy) is being laid out in the field of new energy and intellectualization from the automobile rear market.
In the medical / medical insurance it field, Winning Health Technology Group Co.Ltd(300253) (300253, buy) is recommended. It is recommended to pay attention to Sichuan Jiuyuan Yinhai Software Co.Ltd(002777) (002777, not rated) and B-Soft Co.Ltd(300451) (300451, not rated).
Cloud Computing: we recommend Beijing Kingsoft Office Software Inc(688111) (688111, overweight), the leader in digital procurement Beijing United Information Technology Co.Ltd(603613) (603613, buy). In addition, we suggest paying attention to Shanghai Weaver Network Co.Ltd(603039) (603039, not rated), Beijing Shiji Information Technology Co.Ltd(002153) (002153, not rated), Glodon Company Limited(002410) (002410, not rated), Yonyou Network Technology Co.Ltd(600588) (600588, buy).
In the field of intelligent energy and public utilities: it is recommended to recommend Zhejiang Heda Technology Co.Ltd(688296) (688296, buy), pay attention to Runa Smart Equipment Co.Ltd(301129) (301129, not rated), coal mine intelligent participants Hefei Gocom Information Technology Co.Ltd(688367) (688367, not rated), and power information manufacturers Ygsoft Inc(002063) (002063, not rated).
Risk statement
The implementation of the policy is less than expected, the progress of vehicle intelligence is less than expected, and the progress of R & D is less than expected.
