Main points:
Both government and enterprises actively responded to the "counting in the East and counting in the west", and big data centers were launched one after another
On February 17, 2022, the national development and Reform Commission and other departments approved to start the project of "counting from the east to the west". Subsequently, all localities and enterprises gradually promoted the construction of data centers. For the government, Guizhou, as the country's first big data comprehensive experimental zone, is developing and constructing a provincial hub node efficient scheduling platform, grading, classifying and coordinating the computing resources in the region, and taking the lead in forming a data resource scheduling mechanism in the country. For Chinese enterprises, the foundation inspection of Huawei (Xingtai) big data Industrial Park project has been completed; JD cloud computing established a digital economy company in Zaoyang; China Mobile actively promotes the construction of big data distributed collaborative computing platform, and makes technical reserves and preliminary verification for "computing from the east to the west". For overseas enterprises, Microsoft's Intelligent Cloud azure data center area was officially launched.
The first step in the development of digital economy, "counting from the east to the west" leverages the added value of one billion industries
"Counting from the east to the west" is the first landing measure after the 14th five year plan for digital economy, and it is also an important basis for completing the development of digital economy. It has planned the construction of eight hubs and ten clusters. On the one hand, it can realize the complementarity of resources between the East and the west, on the other hand, it can promote the circulation of data elements and value mining. From the perspective of industrial scale, under the neutral assumption, the scale of digital industrialization benefiting from "counting East and counting West" during the 14th Five Year Plan period is expected to reach 17 trillion yuan, the scale of industrial digitization will reach 70 trillion yuan, and the scale of the whole digital economy will reach nearly 150 trillion yuan. In the longer term, we believe that the scale of industrial digitization will increase more rapidly, and the integration of digitization and industry is the core direction.
Infrastructure construction is gradually complete, enabling the long-term development of hard science and technology
"Counting from the east to the west" is not only a supply first infrastructure construction, but also an important part of China's new infrastructure. It uses the respective resource advantages of the East and the west to distinguish the spatial location of cold and hot data processing. In the long run, the promotion of the "East data West computing" project to the hard science and technology industry mainly comes from two aspects: 1) sufficient computing power supply: on the one hand, deploy the software and hardware supply in advance to reserve space for long-term development in the future; On the other hand, open up the circulation channels of data elements in China, promote the establishment of official data exchanges, and catalyze further data opening; 2) Low cost computing power supply: according to our calculation, from the cost side, the "counting from the east to the west" mode will continue until 2025, which can directly save more than 300 billion yuan of data center power cost and about 100 billion yuan of land cost.
Investment advice
Fintech and Xinchuang: Grg Banking Equipment Co.Ltd(002152) , Yusys Technologies Co.Ltd(300674) , Hundsun Technologies Inc(600570) , Inspur Electronic Information Industry Co.Ltd(000977) . Industrial software: Zhejiang Supcon Technology Co.Ltd(688777) , dingyang technology, Shanghai Baosight Software Co.Ltd(600845) , Zhejiang Heda Technology Co.Ltd(688296) . Artificial intelligence: Pci Technology Group Co.Ltd(600728) , Iflytek Co.Ltd(002230) , Zhejiang Dahua Technology Co.Ltd(002236) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Opt Machine Vision Tech Co.Ltd(688686) . Smart car: Thunder Software Technology Co.Ltd(300496) , Arcsoft Corporation Limited(688088) , Huizhou Desay Sv Automotive Co.Ltd(002920) , Autel Intelligent Technology Corp.Ltd(688208) , China Transinfo Technology Co.Ltd(002373) .
Risk tips
1) R & D breakthrough is less than expected; 2) Policy support is less than expected; 3) Project delivery was less than expected.
