Key investment points:
Industry dynamics
International market: Google: will cooperate with the government to launch ar exhibition of world cultural heritage; Microsoft: patent exposure of VR tactile feedback gloves, applicable to the fields of games, industry, commerce and health care; Qualcomm: announced a new Wi Fi standard, wi-fi7, which can enhance the low latency XR experience.
China market: the Central Commission for deep reform: strengthen the construction of digital government and promote the reform of financial system below the provincial level; Beijing’s digital economy will open up the whole industrial chain: advance layout of 6G and future network; The Ministry of industry and information technology issued regulatory standards to upgrade auto OTA and bid farewell to savage growth.
Hardware price index
The price index of computer hardware in this period is 102.67, which is the same as that in the previous period, including the price index of notebook 104.16; Desktop price index 94.24; The tablet price index was 123.88, unchanged from the previous period.
The price index of DIY accessories in this period is 88.02, which is the same as that in the previous period, including the price index of LCD 92.64; The main board price index is 87.75; CPU price index 80.27; Hard disk price index 104.80; Memory price index 83.40; The graphics card price index was 60.73, which was flat with the previous period.
Important developments of A-share listed companies
Dawning Information Industry Co.Ltd(603019) : release a new generation of stackcube-k super integrated machine Hundsun Technologies Inc(600570) : invest in the establishment of artificial intelligence partnership Inspur Electronic Information Industry Co.Ltd(000977) : provide smart micro modules to enable the information construction of Xingang.
Weekly market review and investment strategy outlook
From April 18 to April 22, the CSI 300 index fell 4.19%, the Shanghai Composite Index fell 3.87%, the Shenzhen Component Index fell 5.12%, the gem index fell 6.66%, the Kechuang 50 fell 3.22%, and the computer industry fell 4.68%, of which the computer equipment sector fell 1.77%. In terms of individual stocks, Julong Co.Ltd(300202) Servyou Software Group Co.Ltd(603171) New Trend International Logis-Tech Co.Ltd(300532) New Trend International Logis-Tech Co.Ltd(300532) Shanghai Guao Electronic Technology Co.Ltd(300551) , Netposa Technologies Ltd(300367) , Beijing Zznode Technologies Co.Ltd(003007) led the decline. We believe that the strong rise of Julong Co.Ltd(300202) is due to the concept of digital currency Shanghai Guao Electronic Technology Co.Ltd(300551) ‘s sharp decline may be related to the Pledged Shares of its chairman.
From the perspective of PE valuation (TTM, overall method, no adjustment), the current valuation of the computer sector is 55.59 times, which is 60.01% of the historical valuation percentile in the past 10 years, with a slight increase in the week on month ratio. Affected by the downward trend of market shock, the computer sector still showed a downward trend this week. It is expected that with the release of system risk, the computer sector is expected to usher in a rebound. It is suggested to pay attention to the subdivided industries and targets with favorable policies. We are mainly optimistic about the concept of East West calculation and digital currency, and give Dawning Information Industry Co.Ltd(603019) ( Dawning Information Industry Co.Ltd(603019) ) and Hundsun Technologies Inc(600570) ( Hundsun Technologies Inc(600570) ) overweight ratings.
Risk tips
There are uncertainties in the implementation of policies, the steady growth investment is less than expected, the epidemic change is more than expected, and the geographical conflict is intensified.
