Market review and Valuation: Shenwan computer sector fell 4.49% this week (04 / 06-04 / 08), 3.43 percentage points lower than Shanghai and Shenzhen 300 index, ranking 28th in Shenwan industry; Shenwan computer sector fell 4.69% in April, 4.88 percentage points lower than the CSI 300 index, ranking 30th in Shenwan industry; Shenwan computer sector has fallen by 20.86% this year, 6.50 percentage points lower than the Shanghai and Shenzhen 300 index, ranking 26th in Shenwan industry. In terms of valuation, as of April 8, the PE TTM of SW computer sector was 42.10 times, at the quantile of 6.67% in recent five years and 14.84% in recent 10 years.
Industry news: 1. The general office of the Ministry of industry and information technology, the general office of the Ministry of public security, the general office of the Ministry of transport, the general office of the Ministry of emergency management and the general office of the State Administration of market supervision jointly issued guidance on Further Strengthening the construction of safety system of new energy vehicle enterprises. Suggestions are put forward to strengthen data security protection. Enterprises should earnestly fulfill the obligation of data security protection, establish and improve the whole process data security management system, and take corresponding technical measures and other necessary measures to ensure data security. Enterprises shall carry out data collection, storage, use, processing, transmission, provision, disclosure and other processing activities, as well as data exit safety management in accordance with the relevant provisions of laws and administrative regulations. 2. Neusoft Ruichi and Xinchi technology signed a strategic cooperation agreement. The two sides will focus on software to define the development trend of automobile, carry out in-depth cooperation in the field of automobile intelligent technology and products, accelerate the implementation of domestic software and hardware solutions, and jointly create a new ecosystem for the development of intelligent automobile. 3. According to “wechat payment Smart Life”, wechat has supported the use of digital RMB in pilot areas. 4. Chip designer amd said on Monday that it would buy cloud computing startup pensando for $1.9 billion to strengthen its data center products and take advantage of the booming needs of cloud computing and the enterprise sector.
Zhou viewpoint: from the recent policy documents issued by the central and local governments, the importance of the digital economy will be further highlighted and is expected to become one of the important driving points for steady growth this year. It is suggested that investors seize the opportunity of China’s digital transformation, focus on the “hardware and software” base, and focus on data elements, data security, data governance and other fields. Suggestions on the subject matter: securities asset management it: Hundsun Technologies Inc(600570) ( Hundsun Technologies Inc(600570) ), etc. Cloud Computing: Yonyou Network Technology Co.Ltd(600588) ( Yonyou Network Technology Co.Ltd(600588) ), Inspur Electronic Information Industry Co.Ltd(000977) ( Inspur Electronic Information Industry Co.Ltd(000977) ), Shanghai Baosight Software Co.Ltd(600845) ( Shanghai Baosight Software Co.Ltd(600845) ), Glodon Company Limited(002410) ( Glodon Company Limited(002410) ), etc. Xinchuang: Dawning Information Industry Co.Ltd(603019) ( Dawning Information Industry Co.Ltd(603019) ), China Greatwall Technology Group Co.Ltd(000066) ( China Greatwall Technology Group Co.Ltd(000066) ), China National Software And Service Company Limited(600536) ( China National Software And Service Company Limited(600536) ), etc. Network security: Venustech Group Inc(002439) ( Venustech Group Inc(002439) ), Qi An Xin Technology Group Inc(688561) -u ( Qi An Xin Technology Group Inc(688561) ), Nsfocus Technologies Group Co.Ltd(300369) ( Nsfocus Technologies Group Co.Ltd(300369) ), etc. Artificial intelligence: Iflytek Co.Ltd(002230) ( Iflytek Co.Ltd(002230) ), Zhejiang Dahua Technology Co.Ltd(002236) ( Zhejiang Dahua Technology Co.Ltd(002236) ), Hangzhou Hikvision Digital Technology Co.Ltd(002415) ( Hangzhou Hikvision Digital Technology Co.Ltd(002415) ), etc. Intelligent automobile: Thunder Software Technology Co.Ltd(300496) ( Thunder Software Technology Co.Ltd(300496) ), Huizhou Desay Sv Automotive Co.Ltd(002920) ( Huizhou Desay Sv Automotive Co.Ltd(002920) ), etc.
Risk tips: policy changes; Macroeconomic fluctuations affect the demand for downstream products; Technology advancement is less than expected; Intensified industry competition, etc
