As the internal and external environment picks up, the market is expected to rebound
Recently, China’s external environment has warmed up. On March 16, the financial stability and Development Commission of the State Council held a special meeting to study the current economic form and capital market issues. The meeting pointed out that “actively introducing policies beneficial to the market and carefully introducing contractive policies” have played a positive role in stabilizing market expectations. On the evening of March 18, the heads of state of China and the United States held a video call, emphasizing that “the key is to manage and control differences” and “take practical actions to return China US relations to the track of stable development”. From the performance of the secondary market, from March 16 to 18, the Shanghai stock index rose 6.11%, the gem index rose 8.34%, and the computer sector rose 6.53%. The market ushered in a rebound.
Digital economy is still the main line of the year, giving priority to the layout of stocks with good performance and matching valuation
From the perspective of the computer sector, the digital economy is still the main investment line of the whole year. From the “14th five year plan” for digital economy development issued on January 12, to the “constantly strengthening, optimizing and expanding China’s data economy” issued by Qiushi magazine on January 16, and then to the “Eastern data and Western computing” project jointly issued by the national development and Reform Commission and other four ministries and commissions, we believe that the digital economy industry is expected to become the main investment line of the computer sector throughout the year and rise to the national top-level strategy, which is expected to continue to usher in policy catalysis in the future. From the perspective of individual stock selection, we believe that we should give priority to the individual stocks with good performance in 22q1 and high matching between current valuation and performance.
Digital Industrialization: focus on the localization of basic software and hardware and basic tool chain
We believe that in the current internal and external environment, the incremental IT infrastructure construction in the digital economy is expected to accelerate localization. Therefore, in the digital industrialization track, it is suggested to focus on the localization of basic software and hardware, such as server chip, operating system, middleware, database and other fields. Enterprises in these directions are expected to achieve rapid growth in performance. It is suggested to pay attention to Dawning Information Industry Co.Ltd(603019) and Beijing Baolande Software Corporation(688058) . On the other hand, in the process of localization expanding to the industry, the basic tool chain of R & D and design links, such as CAD / CAE / EDA / electronic measurement scientific instruments, will also usher in the rapid development of localization. It is suggested to pay attention to dingyang technology.
Industrial Digitization: focus on automotive intelligence, industrial software and informatization in the field of people’s livelihood
Industrial digitization needs to focus on the subdivision directions with strong policy orientation, long upstream and downstream industrial chains, advanced investment value and high current prosperity, including: 1) automotive Intelligence: with the improvement of electrification and intelligent cabin penetration, automotive intelligence will usher in rapid development, and pay attention to Thunder Software Technology Co.Ltd(300496) , Huizhou Desay Sv Automotive Co.Ltd(002920) , Autel Intelligent Technology Corp.Ltd(688208) . 2) Industrial software: at the policy level, industrial software is expected to become one of the five foundations of industrial development, and the related industrial foundation reengineering policy is expected to be issued. At the industrial level, the transformation and upgrading of manufacturing industry is the general trend, and attention is paid to Zhejiang Supcon Technology Co.Ltd(688777) , Guangzhou Sie Consulting Co.Ltd(300687) , Nancal Technology Co.Ltd(603859) . 3) Informatization in the field of people’s Livelihood: including the development direction of aerospace informatization, water informatization and other fields of people’s livelihood, focusing on Zhejiang Heda Technology Co.Ltd(688296) , Piesat Information Technology Co.Ltd(688066) .
Suggested concern
Smart car: Thunder Software Technology Co.Ltd(300496) , Huizhou Desay Sv Automotive Co.Ltd(002920) , Autel Intelligent Technology Corp.Ltd(688208) , Arcsoft Corporation Limited(688088) , Vanjee Technology Co.Ltd(300552) .
Industrial software: Zwsoft Co.Ltd(Guangzhou)(688083) , Zhejiang Supcon Technology Co.Ltd(688777) , Shanghai Baosight Software Co.Ltd(600845) , dingyang technology, Shanghai Hollywave Electronic System Co.Ltd(688682) .
Xinchuang industry: Dawning Information Industry Co.Ltd(603019) , Inspur Electronic Information Industry Co.Ltd(000977) , Beijing Baolande Software Corporation(688058) , Beijing Tongtech Co.Ltd(300379) , Taiji Computer Corporation Limited(002368) .
Digital Finance: Digital China Information Service Company Ltd(000555) , Sinosoft Co.Ltd(603927) , Yusys Technologies Co.Ltd(300674) , Grg Banking Equipment Co.Ltd(002152) , Newland Digital Technology Co.Ltd(000997) .
Artificial intelligence: Iflytek Co.Ltd(002230) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Zhejiang Dahua Technology Co.Ltd(002236) , Opt Machine Vision Tech Co.Ltd(688686) , shangtang-w.
Network security: Sangfor Technologies Inc(300454) , Dbappsecurity Co.Ltd(688023) , Venustech Group Inc(002439) , Nsfocus Technologies Group Co.Ltd(300369) , Qi An Xin Technology Group Inc(688561) – U.
Risk tips:
1) the epidemic situation intensifies and reduces the expenditure of enterprise informatization; 2) Fiscal and monetary policies are lower than expected; 3) The fluctuation of supply chain increases, which affects the development of science and technology industry.
