Event: on May 17, 2022, the CPPCC National Committee held a special consultation meeting on “promoting the sustainable and healthy development of digital economy” in Beijing. Wang Yang, chairman of the National Committee of the Chinese people’s Political Consultative Conference (CPPCC), stressed the need to constantly strengthen, optimize and expand the digital economy, so as to better serve and integrate it into the new development pattern and promote high-quality development. Vice Premier Liu he pointed out that the global digital economy is showing new features such as intelligence, quantization and cross-border integration. It is necessary to support digital enterprises to be listed in capital markets outside China, promote competition with openness and innovation with competition.
Accelerate the “new infrastructure” and strengthen the construction of digital information infrastructure and computing infrastructure. Zhang Yunyong, a member of the National Committee of the Chinese people’s Political Consultative Conference, proposed to strengthen four accommodation to help “count from the east to the west”. RONGTONG needs to improve its digital information infrastructure. As a key technology, 5g still has room for improvement. In 2021, the user penetration rates of 5g packages of China Mobile, China United Network Communications Limited(600050) and China Telecom Corporation Limited(601728) are 40%, 49% and 50% respectively. In the future, 5g migration needs to be accelerated. It is suggested to pay attention to telecom operators. RONGTONG pays attention to consolidating the construction of computing infrastructure. In order to build a new integrated computing network system and form the advantage of scale agglomeration, enterprises related to the industrial chain also need to work together, including upstream computing infrastructure software and hardware enterprises, midstream computing network platform enterprises and downstream computing network output service enterprises. It is suggested to pay attention to enterprises related to the computing network industrial chain.
Break through technical bottlenecks to tap the potential of industrial Internet and expand industrial digital applications. Xu Xiaolan, a member of the National Committee of the Chinese people’s Political Consultative Conference, proposed to maintain the strategic determination for the innovative development of the industrial Internet. As an important carrier of industrial digitization, industrial Internet can effectively promote the reform of production relations and promote the improvement of economic quality. At present, the industrial Internet still has a “bottleneck” problem in the fields of control system and high-end software. It is also necessary to strengthen R & D and guarantee financial support in order to make a technological breakthrough. It is suggested to pay attention to relevant enterprises in the field of control system and high-end software. In the application field, the meeting also clearly pointed out the policy obstacles to the integrated development of artificial intelligence and automobile industry. According to IDC’s prediction, the compound annual growth rate of global intelligent vehicle shipments from 2020 to 2024 will reach 16.8%. The R & D heat of various countries is rising, and industrial policies have been issued one after another. In order to compete for a new highland of the global automobile industry, China is expected to introduce more breakthrough innovation policies. It is suggested to pay attention to relevant enterprises in the field of intelligent vehicles.
Improve the government’s digital governance service capacity and promote the digital transformation of small and medium-sized enterprises. Feng Yidong and Wang Yiming, members of the CPPCC National Committee, made proposals on the digitization of small and medium-sized enterprises and the digitization of the government respectively. Cloud network integration technology will play an important role in building a whole chain and whole process digital ecosystem: on the one hand, the government can clarify the data governance responsibilities of various departments and simplify the approval level procedures through the government affairs network; On the other hand, small and medium-sized enterprises can improve office efficiency through cloud office and conduct real-time security monitoring through cloud chain. Therefore, cloud services can meet the needs of multiple businesses and scenarios, which is of great significance for government digital governance services and the cost reduction, efficiency increase and healthy development of small and medium-sized enterprises. It is suggested to pay attention to relevant enterprises in the field of cloud integration.
Investment suggestion: it is suggested to pay attention to the leaders of subdivided industries such as communication operators, IDC operators, ICT equipment, optical module optical devices, data center UPS, temperature control equipment, etc.
1) communication operators: China Mobile (600941. SH), China Telecom Corporation Limited(601728) ( China Telecom Corporation Limited(601728) . SH), China United Network Communications Limited(600050) ( China United Network Communications Limited(600050) . SH);
2) IDC operators: Shanghai Athub Co.Ltd(603881) ( Shanghai Athub Co.Ltd(603881) . SH), Guangdong Aofei Data Technology Co.Ltd(300738) ( Guangdong Aofei Data Technology Co.Ltd(300738) . SZ), Beijing Sinnet Technology Co.Ltd(300383) ( Beijing Sinnet Technology Co.Ltd(300383) . SZ), etc;
3) ICT equipment: Unisplendour Corporation Limited(000938) ( Unisplendour Corporation Limited(000938) . SZ), Zte Corporation(000063) ( Zte Corporation(000063) . SZ), Fujian Star-Net Communication Co.Ltd(002396) ( Fujian Star-Net Communication Co.Ltd(002396) . SZ), etc;
4) optical module optical devices: Zhongji Innolight Co.Ltd(300308) ( Zhongji Innolight Co.Ltd(300308) . SZ), Eoptolink Technology Inc.Ltd(300502) ( Eoptolink Technology Inc.Ltd(300502) . SZ), etc;
5) data center UPS: Kehua Data Co.Ltd(002335) ( Kehua Data Co.Ltd(002335) . SZ), Shenzhen Kstar Science & Technology Co.Ltd(002518) ( Shenzhen Kstar Science & Technology Co.Ltd(002518) . SZ), etc;
6) temperature control equipment: Shenzhen Envicool Technology Co.Ltd(002837) ( Shenzhen Envicool Technology Co.Ltd(002837) . SZ), Guangzhou Goaland Energy Conservation Tech Co.Ltd(300499) ( Guangzhou Goaland Energy Conservation Tech Co.Ltd(300499) . SZ), etc.
Risk warning: 5g development is not as expected; The development of digital economy is less than expected
