Event: on March 31, China Mobile released the bidding announcement for the centralized procurement and supplementary procurement of PC servers (phase I) from 2021 to 2022. The scale of this centralized procurement is about 41004 sets, all of which are servers using Kunpeng or haiguang chips.
Kunpeng server accounts for 43.30% and haiguang server accounts for 56.70%. The 41004 servers purchased this time are divided into 7 packages. The servers mainly include computing type, balanced type and storage type. Among them, 1-4 standard packages are PC servers using Kunpeng chip, with a total of 17754, accounting for 43.30%; 5-7 standard package is PC server with haiguang chip, totaling 23250, accounting for 56.70%.
China Mobile’s server localization rate will increase to 41.65% from 2021 to 2022. Previously announced, China Mobile purchased 163692 PC servers in the first batch of PC servers from 2021 to 2022, with domestic chip servers accounting for 27.03%, including 27083 servers using Kunpeng chips (accounting for 16.55%) and 17164 servers using haiguang chips (accounting for 10.49%). After taking into account the additional servers purchased this time, the number of servers using Kunpeng chip will reach 44837 (accounting for 21.90%), the number of servers using haiguang chip will reach 40414 (accounting for 19.74%), and the overall proportion of domestic servers will reach 41.65%.
The localization rate of servers has increased year by year, and the start-up of industry Xinchuang is accelerating. Taking China Telecom Corporation Limited(601728) as an example, since telecom operators began bidding for domestic servers in 2020, China Telecom Corporation Limited(601728) 2020 centralized server procurement project purchased 11185 domestic chip servers, 19.9% of which were domestic chip servers, and China Telecom Corporation Limited(601728) 2021-2022 centralized server procurement project purchased 53401 domestic chip servers, accounting for 26.7%, and the localization rate is increasing year by year. At the same time, since the second half of 2021, Chinese operators and financial institutions have successively released large orders for domestic server procurement. The supplementary procurement of mobile PC servers all adopts domestic chips, superimposed with the subsequent information innovation procurement in China Unicom, telecom and financial industries. We believe that the overall promotion rhythm of information innovation in the industry is accelerating, and the growth certainty of relevant companies in the information innovation sector is further improved this year.
Investment suggestion: in 2022, industry customers represented by finance and telecommunications are actively promoting the procurement of domestic chip servers and paying attention to the related targets of Kunpeng ecology and haiguang ecology. Kunpeng industrial chain mainly recommends Digital China Group Co.Ltd(000034) , Talkweb Information System Co.Ltd(002261) , and haiguang ecology mainly recommends Dawning Information Industry Co.Ltd(603019) . Others focus on China National Software And Service Company Limited(600536) , Archermind Technology (Nanjing) Co.Ltd(300598) , opengauss database Beijing Vastdata Technology Co.Ltd(603138) , middleware Beijing Baolande Software Corporation(688058) and application Beijing Kingsoft Office Software Inc(688111) , Yonyou Network Technology Co.Ltd(600588) , Beijing Supermap Software Co.Ltd(300036) , etc.
Risk warning: policy promotion is not as expected; The government budget fell short of expectations.
