This week’s view:
I. steady growth measures were continuously released to benefit construction information manufacturers
Since the middle and late March, the national development and Reform Commission and the Ministry of industry and information technology have strengthened research and are expected to continue to launch various measures to stabilize growth. An important driving force for stable investment is infrastructure investment. As an important industry to attract employment and ensure people’s livelihood, the construction industry will bear the brunt, and construction information manufacturers are expected to continue to benefit.
In the field of industrial design software, we recommend leading domestic CAD software Zwsoft Co.Ltd(Guangzhou)(688083) ; In the field of digital architecture, the beneficiary companies include construction SaaS leader Glodon Company Limited(002410) , construction informatization leader Hangzhou Pinming Software Co.Ltd(688109) .
II Navinfo Co.Ltd(002405) : sign strategic cooperation with Honeywell
On the evening of April 5, the company announced that the company and Honeywell sensor control signed the strategic cooperation framework agreement. The two sides will deepen business cooperation in the direction of automotive electronic chip, automatic driving and intelligent network connection, build a strategic partnership and give full play to their respective advantages, so as to effectively promote the business development and strategic layout of both sides in the near and long term.
We believe that this cooperation includes chip cooperation + automatic driving scheme capability. Among them, the priority supply of chip cooperation reflects that the company’s chip products have been recognized by large manufacturers, or will bring stable income growth to the company’s chip business, but does not rule out the limitation of short-term chip capacity. In the automatic driving scheme, the company may sign Tier1 or complete machine factory in cooperation with Honeywell, and get new cooperation and expansion in supplier cooperation.
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) Navinfo Co.Ltd(002405) : high precision map + chip + data compliance multi driver. As a high-precision map “national team”, it is expected to leverage the penetration of high-precision map business with data compliance business and extend to the upper level of automatic driving based on map data.
3) Zwsoft Co.Ltd(Guangzhou)(688083) : the company’s 3D products accelerate iteration and optimization, and the coverage and application scenarios continue to expand. CAE electromagnetic core algorithm and other technologies have been in the forefront of similar software in China, and take shares in anhuaxin to strengthen the layout of CAE simulation and verification field. The short-term disturbance of performance caused by expenses does not change the long-term growth potential.
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 China US game emergencies
