China's digital economy has huge development space.
2025 digital economy core industry
the proportion of added value in GDP reached 10%
On January 12, the State Council issued the "14th five year plan" for the development of digital economy, which put forward the development goals. By 2025, the digital economy will move towards a period of comprehensive expansion, and the proportion of the added value of the core industries of the digital economy in GDP will increase from 7.8% in 2020 to 10%. Specifically, IPv6 active users have reached 800 million, an increase of 73.91% over 2020, Gigabit broadband users reached 60 million, an increase of 837.5% compared with 2020. Software and information technology service industry, application penetration rate of industrial Internet platform, national online retail sales and e-commerce transaction scale are the main indicators of digital economy development.
The plan points out that it is necessary to optimize and upgrade digital infrastructure, including jointly promoting the construction of gigabit optical fiber network and 5g network infrastructure, promoting 5g commercial deployment and large-scale application, increasing 6G technology R & D support, and accelerating the construction of a national integrated big data center system with collaborative computing power, algorithm, data and application resources. vigorously promote industrial digital transformation, including digital transformation in agriculture, water conservancy, industry, commerce, finance, energy and other fields.
China's digital economy is growing rapidly
As an economic concept, digital economy is an economic form in which human beings guide and realize the rapid optimal allocation and regeneration of resources and realize high-quality economic development through the identification, selection, filtering, storage and use of big data (digital knowledge and information). Digital economy includes four perspectives: Digital industrialization, industrial digitization, digital governance and data value.
At present, the growth rate of digital economy continues to run at a high speed. On the whole, from 2005 to 2020, the scale of China's digital economy has increased rapidly from 2.6 trillion yuan to 39.2 trillion yuan. From the growth rate, China's digital economy has increased by 9.6% year-on-year in 2020, ranking first in the world. it is mentioned in the plan that the proportion of core industries will increase by more than two percentage points, which means that there is still huge room for the development of China's digital economy.
In terms of industries, the digital economy takes "new infrastructure" as the core, software, communication and Internet are the industries that benefit most directly from the development of digital economy. During the epidemic period, the prosperity of relevant industries increased rather than decreased. According to the data of the Ministry of industry and information technology, from January to November 2021, China National Software And Service Company Limited(600536) business income was 8.54 trillion yuan, a year-on-year increase of 18.3%, communication business income was 1.58 trillion yuan, a year-on-year increase of 11%, and the income of Internet enterprises above designated size was 1.42 trillion yuan, a year-on-year increase of 22.3%.
According to the research report, from the internal structure of the digital economy, the proportion of digital industrialization has decreased year by year. On the contrary, the proportion of industrial digitization in the digital economy has increased year by year. The improvement of digital infrastructure has brought new opportunities for the in-depth development of industrial digitization, and cloud computing The innovative development of technologies such as big data and artificial intelligence also provides strong support for industrial digitization.
list of performance pre increased concept shares released
According to the outline of the 14th five year plan, there are seven key industries of digital economy, including big data, cloud computing, Internet of things, industrial Internet, blockchain, artificial intelligence, virtual reality and augmented reality . According to the statistics of securities times and databao, there are 285 A-shares involving these seven key industries. On January 12, Zhewen Interactive Group Co.Ltd(600986) , Hyunion Holding Co.Ltd(002537) , Shenzhen Asia Link Technology Development Co.Ltd(002316) limit, Great Chinasoft Technology Co.Ltd(002453) , Shenzhen Ysstech Info-Tech Co.Ltd(300377) , Unigroup Guoxin Microelectronics Co.Ltd(002049) , Macmic Science & Technology Co.Ltd(688711) , Cubic Digital Technology Co.Ltd(300344) , Uroica Precision Information Engineering Co.Ltd(300099) rose by more than 5%.
Data treasure statistics show that a total of 11 of the above-mentioned concept stocks have announced the performance forecast for 2021, of which 10 have been increased in advance. In terms of the median year-on-year growth of net profit, Allwinnertech Technology Co.Ltd(300458) , Suzhou Good-Ark Electronics Co.Ltd(002079) is expected to increase by more than 100% in 2021, and Maxscend Microelectronics Company Limited(300782) , Espressif Systems (Shanghai) Co.Ltd(688018) is expected to increase by more than 90%.
According to the performance forecast of Allwinnertech Technology Co.Ltd(300458) , the company is expected to realize a net profit attributable to the parent company of 460-540 million yuan in 2021, with a year-on-year increase of 124.66% - 163.73%, mainly because the growth of operating revenue and gross profit margin of intelligent hardware, intelligent vehicle and codec products promoted the growth of net profit during the reporting period.
According to the performance forecast of Suzhou Good-Ark Electronics Co.Ltd(002079) , the company is expected to realize a net profit attributable to the parent company of 192-234 million yuan in 2021, with a year-on-year increase of 112.83% - 164.28%, mainly due to the high overall prosperity of the semiconductor industry and the acceleration of domestic substitution of power semiconductors in 2021. At the same time, the capacity of the company's expansion is gradually released, and the operating revenue of the company's semiconductor business increases significantly.
In terms of valuation, the latest rolling P / E ratio of 21 concept stocks is less than 20 times. The lower valuations are Tcl Technology Group Corporation(000100) , Ping An Insurance (Group) Company Of China Ltd(601318) , Xcmg Construction Machinery Co.Ltd(000425) , and the latest rolling P / E ratios are 7.73, 7.89 and 8.16 times respectively.
Tcl Technology Group Corporation(000100) said that as one of the first enterprises to develop the AR glasses market in China, the company displayed the concept equipment project archery as early as IFA 2019 and launched version 2.0 in CES 2020. Recently, the company launched its first LCD VR display at Sid Display Week 2021, the world's largest display exhibition.
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