Core view
Last week, the computer sector and major indexes experienced a certain degree of decline. From the internal perspective of the sector, financial technology and artificial intelligence performed relatively well, while most of the main lines such as smart cars, network security, energy it and cloud computing showed obvious callback. We believe that as the performance forecast disclosure period approaches, the market will pay more attention to the performance fulfillment in 2021 and the business development in the first half of 2022.
The information and innovation industry is expected to usher in a new business cycle: the 14th five year plan for promoting national government informatization clearly puts forward “accelerating the construction of digital government and improving government service level”. We believe that PC, office software, OA, PC operating system and other fields directly related to front-end business are expected to usher in a new round of development dividends; From the perspective of industry information innovation, financial information innovation will start well in 2020 and 2021, and domestic middleware, domestic database, domestic server CPU and server operating system have also experienced the practice experience of pilot in key industries in the past two years, which is expected to achieve higher penetration in key industries. On the whole, the whole information and innovation industry is expected to usher in a new business cycle.
There is a good certainty in the intellectualization of public utilities and energy industry: with the gradual improvement of the expectation of stabilizing the economy, the renewal and intelligent upgrading of pipe network facilities in urban water supply, heating and other fields have become the focus of the market. The application of emerging technologies such as industrial Internet, 5g, big data and AI can help the public utilities industry reduce losses and labor, It is a favorable factor to promote high-quality development. In addition, power, coal and other industries are also accelerating intellectualization to meet the requirements of distributed energy development and dual carbon strategy.
The cloud computing field pays attention to the start of the quadratic growth curve of leading companies: SaaS leading enterprise Beijing Kingsoft Office Software Inc(688111) held a digital office conference this week, released new products and modules, and accelerated the expansion to the b-end enterprise service market. We believe that the company’s new products have made great progress in the underlying platform and function application, and we expect the company to have a faster pace in market expansion in the future. The industry solution enterprises, such as Winning Health Technology Group Co.Ltd(300253) , Hundsun Technologies Inc(600570) , Beijing Shiji Information Technology Co.Ltd(002153) , have completed the user trial of new products. We expect that the new products of these companies will enter the accelerated landing period next year.
CES is expected to release more smart car related products and solutions: the annual CES has been kicked off this week. Smart car is one of the important sectors with the largest exhibition space. NVIDIA, Qualcomm, anba technology giants and cutting-edge companies will release the latest products and solutions on CES, which will further boost the industry. In addition, after the recent market correction, the overvalued value of the sector has also been digested to a certain extent.
Investment proposal and investment object
1) it is suggested to pay attention to the leading enterprises in various subdivided fields of Xinchuang. Domestic middleware: Beijing Tongtech Co.Ltd(300379) (300379, not rated), Beijing Baolande Software Corporation(688058) (688058, not rated); Domestic database: Beijing Vastdata Technology Co.Ltd(603138) (603138, not rated); OA system: Shanghai Weaver Network Co.Ltd(603039) (603039, not rated), Beijing Seeyon Internet Software Corp(688369) (688369, not rated); Domestic server and CPU related: Dawning Information Industry Co.Ltd(603019) (603019, buy); Financial information creation integrator and banking software platform: Digital China Information Service Company Ltd(000555) (000555, buy), Shenzhen Sunline Tech Co.Ltd(300348) (300348, not rated).
2) in the field of intelligent energy and public utilities, it is recommended to recommend Zhejiang Heda Technology Co.Ltd(688296) (688296, buy). It is recommended to pay attention to Runa Smart Equipment Co.Ltd(301129) (301129, not rated), power information manufacturers Ygsoft Inc(002063) (002063, not rated) and coal mine intelligent related companies.
3) cloud computing: it is recommended to recommend Beijing United Information Technology Co.Ltd(603613) (603613, buy), digital office leader Beijing Kingsoft Office Software Inc(688111) (688111, overweight), medical it leader Winning Health Technology Group Co.Ltd(300253) (300253, buy). In addition, it is recommended to pay attention to Glodon Company Limited(002410) (002410, not rated), and Yonyou Network Technology Co.Ltd(600588) (600588, buy);
4) smart car sector: recommend Thunder Software Technology Co.Ltd(300496) (300496, buy) as the leader of intelligent car, and Autel Intelligent Technology Corp.Ltd(688208) (688208, buy) which is moving from the automotive aftermarket to the field of new energy and intelligence;
Risk tips
The implementation and promotion of policies were slower than expected, the macro-economy was depressed, and the progress of epidemic prevention and control was slower than expected
