Weekly view of computer industry: re expansion of phase III pilot of digital RMB

This week’s view:

I. The implementation of digital RMB accelerated, and manufacturers in the industrial chain continued to benefit

The recent hot spots of financial science and technology mainly include the list of the third batch of digital RMB pilot areas released by the central bank, which are Tianjin, Chongqing, Guangzhou in Guangdong Province, Fuzhou and Xiamen in Fujian Province and six cities hosting the Asian Games in Zhejiang Province. And Industrial And Commercial Bank Of China Limited(601398) join hands with Chengdu Universiade to release digital RMB Hard Wallet and “March 5.6” application scenario.

We believe that the accelerated landing of digital RMB will continue to benefit relevant companies in the industrial chain, including financial security companies, application scenario operators and financial equipment manufacturers. 1) In terms of ecological operators, Yusys Technologies Co.Ltd(300674) , Shenzhen Sunline Tech Co.Ltd(300348) , Digital China Information Service Company Ltd(000555) , and other beneficiary manufacturers include Tansun Technology Co.Ltd(300872) , Northking Information Technology Co.Ltd(002987) , Global Infotech Co.Ltd(300465) , etc. 2) In terms of hardware wallet, the beneficiary objects include Chutian Dragon Co.Ltd(003040) , Urovo Technology Co.Ltd(300531) , Newland Digital Technology Co.Ltd(000997) , Xgd Inc(300130) , Lakala Payment Co.Ltd(300773) , Grg Banking Equipment Co.Ltd(002152) , etc.

II. The Beijing Compass Technology Development Co.Ltd(300803) restructuring plan was approved by the second debt meeting and the shareholders’ meeting. It is about to set sail. On March 17, Beijing Compass Technology Development Co.Ltd(300803) officially became the bankruptcy reorganization investor of wechat securities. On March 29, the draft reorganization plan deliberated and voted at the second creditors’ meeting of Wangxin securities was adopted. On April 1, the company held an extraordinary general meeting of shareholders, which deliberated and approved the reorganization investment. The follow-up can be completed with the approval of China Securities Regulatory Commission and the ruling of Shenyang intermediate people’s Court of Liaoning Province Beijing Compass Technology Development Co.Ltd(300803) as an old Internet company that has been deeply engaged in the field of financial information services for more than 20 years, its main business has entered a period of rapid development. If the transaction goes ahead smoothly, Beijing Compass Technology Development Co.Ltd(300803) will become the second Internet company with brokerage license in China, which will greatly improve the company’s professional ability to provide wealth management for customers while broadening the channels of obtaining customers. The company is expected to copy the development path of China stock market news and usher in exponential growth.

III. investment suggestions: focus on Beijing Compass Technology Development Co.Ltd(300803) & Hundsun Technologies Inc(600570) & Yusys Technologies Co.Ltd(300674)

1) Beijing Compass Technology Development Co.Ltd(300803) : it is expected to replicate the development path of China stock market news and usher in exponential growth. In 2021, the company’s revenue was nearly 1 billion yuan, with a year-on-year increase of 35%; The net profit was 180 million yuan, a year-on-year increase of 97.5%, with outstanding growth. The company’s financial service business has entered the fast lane of development.

2) Hundsun Technologies Inc(600570) : the performance of retail + asset management two wheel drive will grow steadily in 2021, and the resonance between political reform dividend and new product iteration will continue to accelerate the outbreak of it track in capital market. At present, o45 iteration has entered the practice period and will gradually sign and land with public offering, private placement and other asset management institutions. We expect the overall business demand to continue to strengthen in 2022.

3) Yusys Technologies Co.Ltd(300674) : the Chinese army of bank it continues to benefit from the high prosperity of the industry and the strengthening of financial information innovation. Innovative business and overseas business are growing rapidly and are expected to become a new growth pole. Self research + cooperation to lay technological advantages and continue to promote the construction of financial information innovation ecology.

Investment advice

Reiterate that we are firmly optimistic about the leading companies with card advantages in cloud computing SaaS, energy it, financial technology, intelligent driving, artificial intelligence and other prosperous tracks, and actively recommend the following seven investment lines: 1. Cloud computing SaaS: focus on recommending enterprise SaaS leader Yonyou Network Technology Co.Ltd(600588) , office software leader Beijing Kingsoft Office Software Inc(688111) (joint coverage with small and medium-sized markets), and super Integration Leader Sangfor Technologies Inc(300454) . 2. New energy it: focus on recommending energy SaaS leader Longshine Technology Group Co.Ltd(300682) (joint coverage of communication group), distribution network dispatching pioneer Dongfang Electronics Co.Ltd(000682) , domestic energy BIM software leader Beijing Forever Technology Co.Ltd(300365) . 3. Fintech: focus on recommending securities it Hundsun Technologies Inc(600570) . In addition, Yusys Technologies Co.Ltd(300674) , Shenzhen Sunline Tech Co.Ltd(300348) , Hithink Royalflush Information Network Co.Ltd(300033) , all welcome the upswing of the economy. 4. Intelligent driving: the vehicle OS leader Thunder Software Technology Co.Ltd(300496) , the intelligent cockpit leader Huizhou Desay Sv Automotive Co.Ltd(002920) (joint coverage of vehicle groups) and the high-precision map leader Navinfo Co.Ltd(002405) are recommended as the key benefit targets. 5. Artificial intelligence: recommend intelligent voice faucet Iflytek Co.Ltd(002230) . 6. Network security: focus on recommending emerging security double leaders Qi An Xin Technology Group Inc(688561) + Sangfor Technologies Inc(300454) , Dbappsecurity Co.Ltd(688023) as a subdivided emerging security leader, which will also benefit deeply. Other beneficiaries include: Venustech Group Inc(002439) , Xiamen Meiya Pico Information Co.Ltd(300188) , etc. 7. Xinchuang: domestic WPS leading manufacturer Beijing Kingsoft Office Software Inc(688111) (jointly covered with small and medium-sized disk groups), domestic middleware leading Beijing Tongtech Co.Ltd(300379) , domestic PDF leading Fujian Foxit Software Development Joint Stock Co.Ltd(688095) , domestic server leading Dawning Information Industry Co.Ltd(603019) .

Risk tips

Market systemic risks, the landing of scientific and technological innovation policies is less than expected, and the game between China and the United States is an emergency.

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