Key investment points
Event: on April 19, at the 25th meeting of the central comprehensive Deepening Reform Commission, the guiding opinions on strengthening the construction of digital government, guiding opinions on further promoting the reform of financial system below the provincial level and other relevant documents were considered and adopted. At the press conference on the economic operation of central enterprises in the first quarter, the relevant person in charge said: the SASAC of the State Council will carry out special actions to improve the quality of listed companies controlled by central enterprises in central enterprises this year.
Comprehensively implement the strategy of strengthening the country through network and strengthen the construction of Digital Government: accelerate the wide application of digital technology in government management services, promote the digital and intelligent operation of the government, and provide strong support for promoting the modernization of national governance system and governance capacity. Therefore, strengthening the construction of Digital Government is a way and important measure to innovate the concept of government governance. We believe that under the network power strategy, the continuous advancement of the wave of digital economy and the increasing demand for digital government and digital industry will drive the steady increase in the demand for cloud infrastructure such as cloud computing, IDC and servers.
Carry out special actions to improve quality and help listed companies controlled by central enterprises become better and stronger: the main work of the special action includes supporting listed companies controlled by central enterprises to become better and stronger by promoting resource planning and integration; Introduce active shareholders to improve governance and improve the governance mechanism of state-owned holding listed companies with Chinese characteristics; Strengthen the endogenous growth and innovative development of listed companies controlled by central enterprises; Enhance the market recognition and value realization of listed companies. We believe that this special action will further promote the integration and optimization of resources and help enterprises become better and stronger. At present, we see that central enterprise holding companies represented by operators continue to accelerate resource integration, strengthen industrial cooperation and build a new business ecosystem. Among them, China Mobile builds a digital intelligence industry ecosystem through the dual connection of “industry + capital”; Tianyi cloud carried out equity diversification reform, promoted the integration of cloud computing ecological resources, and enhanced China Telecom Corporation Limited(601728) the market expansion ability in the field of industrial digitization.
Target of attention: fully implement the strategy of strengthening the country through network and continue to be optimistic about investment opportunities related to digital economy; As the base of China’s digital economy, operators continue to promote cloud computing, accelerate business boundary expansion and build a new ecosystem. It is suggested to pay attention to: China Mobile (covered), China Telecom Corporation Limited(601728) (covered), China United Network Communications Limited(600050) (covered); Main equipment supplier & Server: Zte Corporation(000063) , Inspur Electronic Information Industry Co.Ltd(000977) , Unisplendour Corporation Limited(000938) , Fujian Star-Net Communication Co.Ltd(002396) ; Intelligent automobile: Meig Smart Technology Co.Ltd(002881) (covered), Dongguan Dingtong Precision Metal Co.Ltd(688668) , Electric Connector Technology Co.Ltd(300679) , etc; Optical module: Eoptolink Technology Inc.Ltd(300502) , Suzhou Tfc Optical Communication Co.Ltd(300394) (covered), Zhongji Innolight Co.Ltd(300308) (covered), Fiberhome Telecommunication Technologies Co.Ltd(600498) , Accelink Technologies Co.Ltd(002281) ; IDC: Shenzhen Envicool Technology Co.Ltd(002837) (overwritten), Nanjing Canatal Data-Centre Environmental Tech Co.Ltd(603912) (overwritten). Cloud Computing & big data: Shenzhen Sed Industry Co.Ltd(000032) , Ucloud Technology Co.Ltd(688158) etc.
Risk warning: policy support is less than expected; Digital progress is less than expected.
