According to surging news, on December 28, 2021, opengauss summit 2021 with the theme of “gathering the innovative power of database and chasing the stars and sea in the digital age” was held in Beijing. At the meeting, opengauss Community Council, technical committee, community sub committee and related products were upgraded.
Gauss database has achieved leapfrog development, and the wave of independent innovation has great prospects. 1) In the context of the global data explosion, the demand for databases in various industries is further expanded. According to iResearch consulting statistics, the industry scale of China’s database market is expected to exceed 50 billion yuan in 2025. 2) In terms of pattern, due to the long history of database development and deep technical barriers, China’s database market has been monopolized by overseas giants for a long time, and the market share of foreign manufacturers represented by Oracle and IBM has reached about 66.8%. After years of technology research and development and experience accumulation, Chinese manufacturers have gradually increased their market share in recent years. Under the traditional deployment mode, Huawei ranks fifth in the world and first among Chinese manufacturers with a market share of 6.2%. 3) Gaussdb is a representative product of Huawei database. It has accumulated for 15 years, and its performance and customer level have reached the first-line level. Opengauss has been officially open source since June 2020. At present, it has rapidly climbed to the second place in the popularity list of domestic databases, and the ecosystem is basically complete. We expect that with the advantages of loose open source, enterprise level innovation and supporting diversity computing power, opengauss is expected to become the leader of Chinese databases. 4) In terms of business, many partners have created commercial distribution versions based on opengauss, including Beijing Vastdata Technology Co.Ltd(603138) , NPC Jincang, Yunhe enmo, Xugu Weiye, Shenzhou GM, Dhc Software Co.Ltd(002065) , Hua Weiyun, etc. related products have been commercialized on a large scale in the government, finance, operators, power and other national family planning industries. Among them, Beijing Vastdata Technology Co.Ltd(603138) as the first database pilot listed on the main board in China, firmly integrates into the opengauss ecology. Its commercial distribution version vastbase G100 has the technical characteristics of extreme performance, high compatibility, safety and controllability. In 2021, vastbase G100 was successfully shortlisted in the central mining database list in 2021, further proving its technical ability and reliability.
Xinchuang is still a national strategy, and the industrial scale may reach 800 billion yuan in five years. 1) Since September 2021, although Sino US relations have eased to some extent, relevant frictions continue, and the strategic position of Xinchuang is not expected to change. 2) In terms of landing rhythm, party and government Xinchuang began to enter the large-scale landing stage in 2020. At present, there is still a large space in the sinking market; Xinchuang industry may usher in the first year of large-scale implementation in 2022, and the fields of Finance and telecommunications have taken the lead in launching. 3) Spatially, according to the 2021 China Xinchuang ecological report of Haibi Research Institute, the scale of China’s Xinchuang ecological market will be 161.7 billion yuan in 2020. It is expected that the CAGR will reach 37.4% in the next five years and close to 800 billion yuan in 2025.
Investment object:
Database: Beijing Vastdata Technology Co.Ltd(603138) , Client Service International Inc(300663) , Taiji Computer Corporation Limited(002368) , China National Software And Service Company Limited(600536) , Troy Information Technology Co.Ltd(300366) etc;
Application software: Beijing Kingsoft Office Software Inc(688111) , Yonyou Network Technology Co.Ltd(600588) , Hundsun Technologies Inc(600570) , Yusys Technologies Co.Ltd(300674) , Shenzhen Sunline Tech Co.Ltd(300348) etc;
Servers: China Greatwall Technology Group Co.Ltd(000066) , Dawning Information Industry Co.Ltd(603019) , Inspur Electronic Information Industry Co.Ltd(000977) etc;
Middleware: Beijing Tongtech Co.Ltd(300379) , Beijing Baolande Software Corporation(688058) etc;
Operating system: China National Software And Service Company Limited(600536) , Archermind Technology (Nanjing) Co.Ltd(300598) etc.
Risk tips: the promotion of the system is less than expected, the benefit of subdivided companies is less than expected, and the macroeconomic downside risk
