Industry highlights and brief comments: 1) the CPPCC National Committee held a special consultation meeting on the development of digital economy in Beijing. The CPPCC National Committee held a special consultation meeting on “promoting the sustainable and healthy development of digital economy” in Beijing on May 17. This symposium demonstrates China’s continued high attention and support for the development of digital economy. Benefiting from the promotion of national policies, China’s digital economy continues to flourish and has become an important driving force for China’s economic development. 2) Jinan and Qingdao National Internet backbone direct connection points were completed and opened. On May 19, the opening ceremony of Qingdao Yadian information technology group was delivered by Xiao Qinghe, the Secretary of the Ministry of information technology of the people’s Republic of China and the Secretary of the Ministry of information technology of the people’s Republic of China. Zhang Yunming, member of the Party group and vice minister of the Ministry, and Han Xia, chief engineer, attended the ceremony. With the continuous increase in the number of national backbone direct connection points, the layout of China’s Internet nodes will be continuously optimized, which will be more conducive to the development of China’s industrial Internet, big data and other business applications.
Announcement of key companies: 1) Piesat Information Technology Co.Ltd(688066) announce the plan for issuing convertible corporate bonds to unspecified objects. 2) Beijing Kingsoft Office Software Inc(688111) issue the announcement on the implementation of annual equity distribution in 2021. 3) Dawning Information Industry Co.Ltd(603019) issue the announcement on the implementation of equity distribution in 2021. 4) Geovis Technology Co.Ltd(688568) issue the announcement on the implementation of annual equity distribution in 2021.
One week market review: this week, the computer industry index rose 1.38%, and the Shanghai and Shenzhen 300 index rose 2.23%. The former lost 0.85pct to the latter. As of the last trading day of this week, the price earnings ratio of the computer industry was 34.6 times. Among the 300 A-share components in the computer industry, 222 shares rose, 10 were flat and 68 fell.
Investment suggestion: this week, the computer industry index continued to rebound upward, and the industry P / E ratio is still recovering from the historical low level. We believe that benefiting from the country’s continuous attention to the development of digital economy, there are good investment opportunities in digital economy related topics, and we continue to be optimistic about the main track of digital economy. It is suggested to focus on cloud computing, Xinchuang, industrial software / industrial Internet, smart cars and other topics. Highly recommend Glodon Company Limited(002410) , Thunder Software Technology Co.Ltd(300496) , recommend Beijing Kingsoft Office Software Inc(688111) , Huizhou Desay Sv Automotive Co.Ltd(002920) , Zwsoft Co.Ltd(Guangzhou)(688083) , and pay attention to Zhejiang Supcon Technology Co.Ltd(688777) .
Risk tips: 1) supply chain risk increases. 2) Policy support was less than expected. 3) Market demand may be lower than expected. 4) Domestic substitution is less than expected.
