\u3000\u3 Shengda Resources Co.Ltd(000603) 613 Beijing United Information Technology Co.Ltd(603613) )
The leading position of industrial Internet continued to be consolidated and the “buy” rating was maintained
With the increase of penetration + category expansion, the company’s growth logic continues to be verified. The management increased its holdings with a large amount of money, fully demonstrating its confidence in long-term development. We maintained the company’s forecast of net profit attributable to the parent company from 2022 to 2024 at 976, 1540 and 2346 million yuan, and EPS at 284, 448 and 6.82 yuan / share. The current share price corresponds to 37.9, 24.0 and 15.8 times of PE from 2022 to 2024, maintaining the “buy” rating.
The completion of the shareholding increase shows the management’s confidence in future development
According to the announcement of the company, as of May 17, 2022, the controlling shareholders, directors, supervisors and management personnel of the company have increased their holdings of 1073500 shares of the company by means of centralized bidding, accounting for 0.31% of the total share capital of the company, with an increase amount of RMB 111 million. The implementation of the increase plan has been completed. This shareholding increase event demonstrates the management’s confidence in the company’s future development and recognition of the company’s long-term investment value.
The CPPCC session focuses on the development of industrial digital economy, and the company is expected to fully benefit
On May 17, the CPPCC National Committee held a special consultation meeting on “promoting the sustainable and healthy development of the digital economy” in Beijing, proposing to promote the deep integration of the digital economy and the real economy, guide the digital transformation of small and medium-sized enterprises, and fully tap the development potential of the industrial Internet. The company builds “digital factory + ptdcloud industrial Internet” through Guolian cloud to realize the digitization of production, management, quality inspection, energy consumption and logistics, build a digital supply chain, build digital technology service systems such as remote office and cloud sales system, and help the digital upgrading of manufacturing enterprises. At the same time, the company has been selected into the “pilot demonstration project of big data industry development in 2021” in recent years and the first batch of “national supply chain innovation and application demonstration enterprises” of 8 ministries and commissions in 2021, which has been highly recognized by the industry and demonstrates the company’s industrial status.
Risk warning: market competition intensifies the risk; The expansion of new categories is less than the expected risk; Risk of deterioration of macroeconomic environment.
