On January 12, the State Council issued the "14th five year plan" for the development of digital economy (hereinafter referred to as the "plan"). The plan proposed that by 2025, the digital economy will move towards a comprehensive expansion period, and the added value of the core industries of the digital economy will increase to 10% of GDP from 7.8% in 2020.
Specifically, the number of IPv6 active users reached 800 million, an increase of 73.91% over 2020, and the number of Gigabit broadband users reached 60 million, an increase of 837.5% over 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 support for 6G technology research and development, 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
rapid growth
Digital economy includes four perspectives: Digital industrialization, industrial digitization, digital governance and data value. China's digital economy continues to maintain rapid growth. Overall, from 2005 to 2020, the scale of China's digital economy rapidly increased from 2.6 trillion yuan to 39.2 trillion yuan. In 2020, China's digital economy increased by 9.6% year-on-year, ranking first in the world. The plan mentioned that the proportion of core industries will increase by more than two percentage points, which means that China's digital economy still has huge development space.
The core of digital economy is "new infrastructure". 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%.
Soochow Securities Co.Ltd(601555) believes that from the internal structure of digital economy, the proportion of digital industrialization is decreasing year by year; On the contrary, the proportion of industrial digitization in the digital economy is increasing year by year. The improvement of digital infrastructure brings new opportunities for the in-depth development of industrial digitization, and the innovative development of technologies such as cloud computing, big data and artificial intelligence also provides strong support for industrial digitization.
10 concept stocks
annual report performance pre increase
According to the 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 · databao, there are 285 A-shares involving these seven key industries. Judging from the increase since new year's day, 11 shares have increased by more than 10%, Synthesis Electronic Technology Co.Ltd(300479) by more than 50%, Shenzhen Asia Link Technology Development Co.Ltd(002316) , Beijing Vastdata Technology Co.Ltd(603138) by more than 30% respectively.
Among the above concept stocks, 11 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%.
Allwinnertech Technology Co.Ltd(300458) the forecast company realized a net profit attributable to the parent company of RMB 460 million ~ 540 million in 2021, with a year-on-year increase of 124.66% ~ 163.73%, mainly due to the growth of operating revenue and gross profit margin of intelligent hardware, intelligent vehicle and codec products during the reporting period.
Suzhou Good-Ark Electronics Co.Ltd(002079) it is predicted that the company's net profit attributable to the parent company in 2021 will be 192 million yuan ~ 234 million yuan, with a year-on-year increase of 112.83% ~ 164.28%, mainly due to the high overall prosperity of the semiconductor industry in 2021, the acceleration of domestic substitution of power semiconductors, the gradual release of the company's expanded production capacity and the significant growth of semiconductor business revenue.
In terms of valuation, the latest rolling P / E ratio of 16 concept stocks is less than 20 times, the lower valuations are Tcl Technology Group Corporation(000100) , Boe Technology Group Co.Ltd(000725) , Kunlun Tech Co.Ltd(300418) , and the latest rolling P / E ratio is less than 10 times.
