Key investment points:
Yuanyu universe has a broad market space
Metauniverse is a virtual space parallel to and independent of the real world. It is an online virtual world mapping the real world. It is an increasingly real digital virtual world. The existence of meta universe will drive the reduction of human cost, resource cost, time cost and transaction cost of the whole society, so as to improve the efficiency of all aspects. According to the prediction of various institutions, the total market volume of Yuan universe will reach the order of trillion US dollars in 2024. Overseas meta, NVIDIA, China Telecom Corporation Limited(601728) operators and bat have laid out meta universe one after another. We believe that the investment opportunities of metauniverse include infrastructure, value system and human-computer interaction.
The scale of infrastructure and terminal equipment of China's meta universe is beginning to take shape
Metauniverse needs new networks and new computing power as the base of basic resources. After years of development in the field of telecommunications and data communication, China has initially possessed the access network, interconnection of all things, efficient computing power, edge computing and other infrastructure required by metauniverse. XR is the main terminal in the embryonic stage of the meta universe, and VR head display, VR all-in-one machine, AR glasses and other equipment are the most important consumer hardware products in the initial stage. According to IDC's statistics, the global VR equipment shipment in 2020 will be 5553000 units, which is expected to reach 28.67 million units by 2025, with a CAGR of 38.86% in five years. In 2020, the shipment of AR equipment will be 284000 units, which is expected to increase to 20982000 units in 2025, with a CAGR of 136.43% in five years.
Metacosmic enabling industrial application scenario
In the meta universe, time and space constraints are broken, and information exchange and action coordination can be realized between product R & D, production and sales links, industrial chains, manufacturers, consumers and regulators. Through the synchronization of meta universe virtual factory and real factory to realize information interaction and monitoring, the intelligent factory can try and error the action plan. In every link of high-end manufacturing industry, the development of industrial meta universe can bring efficiency improvement. In the metauniverse, 3D printing will become a channel connecting the virtual world and the real world. In the automotive field, the intelligent cockpit realizes the combination of virtual and real, bringing a new experience.
Yuan universe brings new consumer application scenarios
Game entertainment in consumption scenarios has a prototype of meta universe, and games have become one of the main applications of VR devices. At present, the application scenario of digital virtual human is mainly virtual idol, which realizes diversified landing scenarios such as hosting and advertising, and the business path has been confirmed; In the future meta universe scenario, everyone may need virtual separation, which has high space in the long run. NFT non homogenous token enables digital content capitalization. Yuancosmos has reshaped the pattern of tourism industry. Companies at home and abroad have begun to layout vr virtual tourism industry, and the epidemic has promoted the implementation of the industry.
Key related companies
Infrastructure construction end: Guangdong Aofei Data Technology Co.Ltd(300738) , New Guomai Digital Culture Co.Ltd(600640) , Beijing Highlander Digital Technology Co.Ltd(300065) , Capitalonline Date Service Co.Ltd(300846) , Zhejiang Century Huatong Group Co.Ltd(002602) , Hangzhou Anysoft Information Technology Co.Ltd(300571) etc; VR / AR terminals: Goertek Inc(002241) , Zhejiang Crystal-Optech Co.Ltd(002273) , Ofilm Group Co.Ltd(002456) etc; Industrial meta universe related: Enc Digital Technology Co.Ltd(603869) , Wuxi Boton Technology Co.Ltd(300031) , Wisesoft Co.Ltd(002253) , Beijing Egova Co.Ltd(300075) ; Consumer meta universe related: Hengxin Shambala Culture Co.Ltd(300081) , Col Digital Publishing Group Co.Ltd(300364) , Visual China Group Co.Ltd(000681) , Xinhuanetco.Ltd(603888) , Wondershare Technology Group Co.Ltd(300624) , Skyworth Digital Co.Ltd(000810) , Shanghai Wondertek Software Co.Ltd(603189) , Three'S Company Media Group Co.Ltd(605168) , S.P.I Landscape Design Co.Ltd(300844) , Shanghai Fengyuzhu Culture Technology Co.Ltd(603466) , Inmyshow Digital Technology (Group) Co.Ltd(600556) , Bluefocus Intelligent Communications Group Co.Ltd(300058) , Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) etc; Meta cosmic tools: Silkroad Visual Technology Co.Ltd(300556) , Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) , Shenzhen L&A Design Holding Limited(300949) , etc.
Risk tips
Systemic risk; Policy risk; The application landing of meta universe industry is less than expected
