It basic software and hardware and industrial software are important supports for national security. With the development of cloud computing, artificial intelligence and other digital technologies and their integration into various fields and the whole process of economic and social development, digital technology has become an important factor to promote economic development and ensure national security. However, Chinese chips, operating systems, databases, industrial software and other important fields are still dominated by foreign technology giants, which poses a great potential risk to national security. Since the Sino US trade friction, the United States has imposed sanctions on many Chinese technology giants, which has seriously affected the technology iteration and supply chain system of relevant enterprises, and also interfered with China’s overall industrial upgrading. After the conflict between Russia and Ukraine, foreign technology giants have imposed “extreme sanctions” on Russia. We believe that in the key areas of digital technology and application, policy support should be given to the construction of independent capacity of relevant industries, so as to better protect national security.
The basic software and hardware ecosystem has been established, and the ecology and performance have been continuously strengthened. In recent years, with the support and encouragement of policies, China’s it basic software and hardware manufacturers have actively developed independently based on technology licensing and open source technology, and have made considerable progress in core fields such as chips, operating systems and databases. In terms of chips, manufacturers represented by haiguang, Kunpeng and Feiteng still have a gap between their products on sale and overseas manufacturers, but it is not significant. They can meet the needs of the party and government office and the general business system of various industries. The operating system and data also continue to iterate on the basis of open source technology. We believe that with the progress of manufacturers’ product technology and the promotion of Party and government and industry information innovation, the ecology of it basic software and hardware is constantly maturing, and it basic software and hardware are upgrading from “available” to “easy to use”.
Industrial software has been replaced by domestic products to a certain extent, and leading companies have strengthened research and development to make up for their shortcomings. Industrial software covers the whole life cycle of industrial products, which is of great significance for modern industrial production. From the perspective of typical industrial software products, there is little gap between Chinese CAD and overseas Tier-1 manufacturers in two-dimensional products, but there is still a large gap in 3D products, which is actively catching up in recent years; The industry barriers of EDA products are relatively high. The three foreign giants such as Xinsi technology have formed a full tool chain and full process coverage, and formed “the strong is always strong” through close cooperation with OEM factories. Most Chinese manufacturers are still in the breakthrough stage of “point tools”. After Huawei was cut, EDA, as one of the “neck” links, has also accelerated the localization process; Industrial control is China’s relatively strongest direction in the field of industrial software. The head company has ranked first in China’s share and gradually explored the international market.
Industry Xinchuang and East digital West computing promote the improvement of domestic basic software, hardware and ecology. Government information innovation has been successfully promoted in 19-21 years, providing large-scale and systematic promotion and practical experience for the domestic basic software and hardware industry. In addition, the industry information innovation has also started in the past few years, which is expected to be implemented and promoted during the 14th five year plan. In the process of promoting information innovation, domestic chips and important basic software have also experienced upgrading iterations and product polishing, so the domestic ecology has been continuously improved. Since the beginning of this year, the state has launched the major project of “counting from the east to the west”, which also ensures the national data and information security from the perspectives of the geographical distribution of national infrastructure and the ecological construction of domestic software and hardware.
Investment proposal and investment object
Basic software and hardware: in the server field, it is recommended to pay attention to the leader of Xinchuang server Dawning Information Industry Co.Ltd(603019) ( Dawning Information Industry Co.Ltd(603019) , buy), the leader of domestic x86 computing power ecology, haiguang information (a21476, not rated), and Feiteng information, the leading enterprise of server ARM chip (unlisted, major affiliated listed company China Greatwall Technology Group Co.Ltd(000066) ( China Greatwall Technology Group Co.Ltd(000066) , not rated)); In the field of database, it is suggested to pay attention to Dameng, the core builder of domestic database Ecology (unlisted, major related listed company China National Software And Service Company Limited(600536) ( China National Software And Service Company Limited(600536) , not rated)), Jincang of National People’s Congress (unlisted, major related listed company Taiji Computer Corporation Limited(002368) ( Taiji Computer Corporation Limited(002368) , not rated)); In the field of domestic operating system, it is suggested to pay attention to Kirin software (unlisted, major related listed company China National Software And Service Company Limited(600536) ( China National Software And Service Company Limited(600536) , not rated)), Tongxin software (unlisted, major related listed company Archermind Technology (Nanjing) Co.Ltd(300598) ( Archermind Technology (Nanjing) Co.Ltd(300598) , not rated)).
Industrial software: it is suggested to pay attention to domestic CAX software leader Zwsoft Co.Ltd(Guangzhou)(688083) ( Zwsoft Co.Ltd(Guangzhou)(688083) , buy), China EDA leader Huada Jiutian (a21150, not rated), EDA leading enterprise GuLun Electronics (688206, not rated), and process industrial control leader Zhejiang Supcon Technology Co.Ltd(688777) ( Zhejiang Supcon Technology Co.Ltd(688777) , buy).
Risk tips
The implementation of relevant policies is less than expected, the risk of changes in the external international situation, and the R & D is less than expected
