Industry views and key recommendations
China State Construction Engineering Corporation Limited(601668) informatization penetration rate is far lower than that of developed countries, and the market space is broad
In 2021, the total output value of the construction industry was 29.3 trillion, with a growth rate of 11.0%. At present, China State Construction Engineering Corporation Limited(601668) informatization investment accounts for less than one thousandth of the total output value, which is far lower than the level of developed countries or even the international average level. There is still a lot of room for improvement for construction technology enterprises in the future. We believe that the current penetration rate of China State Construction Engineering Corporation Limited(601668) informatization investment is far lower than that of developed countries, and the market space is broad.
The informatization of design and bidding has been preliminarily completed, and Bim and smart construction site are in a period of rapid development. After more than 20 years of development, the China State Construction Engineering Corporation Limited(601668) informatization industry has preliminarily completed the popularization of informatization in design and bidding. At this stage, construction informatization - smart construction site and BIM Technology application are in a period of rapid development. We expect that BIM Technology Application, smart construction site and building operation and maintenance system will be the main track of building informatization in the future.
At present, there are faults in the information transmission of construction engineering industry, and the whole life cycle is the development trend
Construction enterprises often use different information systems in the links of design, bidding, construction and operation and maintenance, which leads to the fragmentation of information in different systems, the inconsistent use of data in all links in the whole life cycle, and the fault in the information transmission of construction engineering industry. We believe that to give full play to the advantages of building information, we need to solve the state of information fragmentation in all links and improve the operation efficiency of the whole life cycle of the building.
A special meeting of the State Council was held to alleviate the downward risk expectation of some real estate enterprises
On March 16, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market problems. Among them, the meeting stressed that "relevant departments should earnestly assume their responsibilities, actively introduce policies beneficial to the market and prudently introduce contractive policies" and "as for real estate enterprises, they should timely study and put forward effective risk prevention and resolution response plans, and put forward supporting measures for the transformation to the new development model." After that, the China Banking and Insurance Regulatory Commission, the central bank, the Ministry of finance, the China Securities Regulatory Commission and the State Administration of foreign exchange made positive statements to maintain stability. We believe that the views of the financial stability and Development Commission of the State Council on the current market have released the downward market sentiment of some stock markets and alleviated the expectation of downward risks of some real estate enterprises.
Suggestions for attention: considering that the penetration rate of China State Construction Engineering Corporation Limited(601668) informatization is far lower than that of developed countries, and the market space is broad. At the same time, the current special meeting held by the financial stability and Development Commission has alleviated the expectation of downward risks in the operation of some real estate enterprises, it is suggested to pay attention to the core targets of construction and real estate informatization: Glodon Company Limited(002410) , mingyuanyun, Hangzhou Pinming Software Co.Ltd(688109) , Beijing Yjk Building Software Co.Ltd(300935)
Market and sector trend review
Last week, the computer sector fell by 4.49%, the gem index fell by 3.64% in the same period, and the CSI 300 fell by 1.06%. The sector underperformed the market.
Risk tip: the macro-economy is depressed, major changes have taken place in sector policies and major changes have taken place in the international environment.
