Key investment points:
Industry dynamics
International market: Boeing: join hands with the three cloud giants AWS, Microsoft azure and Google cloud to move towards the cloud; Meta: preparing to launch virtual currency - Zach coin; Qualcomm: completed the acquisition of arriver business from sswpartners to improve driving assistance R & D capabilities.
China market: China Mobile: Zhejiang takes the lead in realizing 5g vonr commercial use; Two departments: by 2025, technologies such as automatic driving will be demonstrated and applied in some scenes; Central bank: add six cities hosting the Asian Games in Tianjin, Chongqing, Guangzhou, Fuzhou, Xiamen and Zhejiang as digital RMB pilot projects.
Hardware price index
The price index of computer hardware in this period is 102.67, which is the same as that in the previous period, including the price index of notebook 104.16; Desktop price index 94.24; The tablet price index was 123.88, unchanged from the previous period.
The price index of DIY accessories in this period is 88.02, which is the same as that in the previous period, including the price index of LCD 92.64; The main board price index is 87.75; CPU price index 80.27; Hard disk price index 104.80; Memory price index 83.40; The graphics card price index was 60.73, which was flat with the previous period.
Important developments of A-share listed companies
Silkroad Visual Technology Co.Ltd(300556) : the annual net profit was 718386 million yuan, a year-on-year increase of 18.53% Beijing Egova Co.Ltd(300075) : the annual net profit was 200 million yuan, with a year-on-year increase of 30.29% Beijing Supermap Software Co.Ltd(300036) : the chairman held 100000 additional shares of the company.
Weekly market review and investment strategy outlook
From April 6 to April 8, the CSI 300 index fell 1.06%, the Shanghai Composite Index fell 0.94%, the Shenzhen Component Index fell 2.20%, the gem index fell 3.64%, the Kechuang 50 fell 5.69%, and the computer industry fell 4.49%, of which the computer equipment sector fell 3.95%. In terms of individual stocks, Yunnan Nantian Electronics Information Co.Ltd(000948) , Szzt Electronics Co.Ltd(002197) , Hangzhou Todaytec Digital Co.Ltd(300743) led the increase Sinodata Co.Ltd(002657) , Netposa Technologies Ltd(300367) , Chengdu Jafaantai Education Technology Co.Ltd(300559) led the decline. We believe that the strong rise of Yunnan Nantian Electronics Information Co.Ltd(000948) and Szzt Electronics Co.Ltd(002197) is due to the concept of digital RMB; The decline of Sinodata Co.Ltd(002657) was mainly due to the cooling of market sentiment and the release of systemic risks.
From the perspective of PE valuation (TTM, overall method, no adjustment), the current valuation of the computer sector is 59.69 times, 68.11% of the historical valuation percentile in the past 10 years, with a slight decrease in the week on week ratio. Affected by the downward trend of market shock, the computer sector still showed a downward trend this week. It is expected that with the release of system risk, the computer sector is expected to usher in a rebound. It is suggested to pay attention to the subdivided industries and targets with favorable policies. We are mainly optimistic about the concept of East West calculation and digital RMB, and maintain the overweight rating of Unisplendour Corporation Limited(000938) ( Unisplendour Corporation Limited(000938) ), Digital China Information Service Company Ltd(000555) ( Digital China Information Service Company Ltd(000555) ) and Shenzhen Emperor Technology Company Limited(300546) ( Shenzhen Emperor Technology Company Limited(300546) ).
Risk tips
There are uncertainties in the implementation of policies, the steady growth investment is less than expected, the epidemic change is more than expected, and the geographical conflict is intensified.
