Kunpeng related bidding emerged again, and the industry took off again. According to the announcements of relevant listed companies and public bidding information, Yunnan Nantian Electronics Information Co.Ltd(000948) won the bid of about 1.5 billion for ABC Kunpeng PC server project on December 29, 2021, and Digital China Group Co.Ltd(000034) won the bid of about 100 million for Bank Of Communications Co.Ltd(601328) Kunpeng server on January 5, 2022. We believe that the successive bidding of Kunpeng complete machines in a number of financial fields shows that the prosperity of Kunpeng has improved again, and the Kunpeng industry is expected to recover as a whole in 2022, once again driving the common development of the whole industrial chain.
Kunpeng chip has strong performance, and the dawn of domestic chip is beginning to appear. According to Hisilicon’s official website, Kunpeng 920 is the highest performance arm based processor in the industry. The processor adopts 7Nm manufacturing process, is authorized based on ARM architecture, and is independently designed and completed by Huawei. Under the typical dominant frequency, the score of specialbenchmark exceeds 930, exceeding the industry benchmark by 25%. Meanwhile, the energy efficiency ratio is 30% better than the industry benchmark. Kunpeng 920 provides stronger performance for the data center with lower power consumption. We believe that Kunpeng chip is backed by Huawei and has the dual advantages of “technology + application scenario”, which is expected to maintain the position of “leader” in domestic chips.
Kunpeng ecosystem can not be ignored, and it is expected to continue to expand from point to area. According to Hisilicon’s official website, Huawei chip family has regarded smart home, smart city and smart travel as three application scenarios, and Kunpeng is a server-oriented “Chinese army” force supporting other Huawei chip products. At present, Huawei has built a series of national basic software products such as Hongmeng OS, Euler OS and Gauss database, and formed an ecological pattern of user co governance based on the Council. We believe that under the background of the growing wings of Huawei’s full stack software and hardware ecosystem, the potential recovery of Kunpeng industry is expected to drive the demand of partners in the whole Huawei software and hardware ecosystem again, resonate through ecological application iteration, and continue to grow from point to area.
Investment suggestion: since the end of 2021, several overall targets of Kunpeng have been implemented one after another. We believe that Kunpeng industry is expected to gradually recover in 2022 and drive the whole Huawei software and hardware ecosystem company to resonate and develop together. It is suggested to pay attention to the overall production and promotion of Kunpeng Digital China Group Co.Ltd(000034) , Talkweb Information System Co.Ltd(002261) , Shijiazhuang Changshan Beiming Technology Co.Ltd(000158) , Yunnan Nantian Electronics Information Co.Ltd(000948) ; Members of Euler OS Council and partners Beijing Tongtech Co.Ltd(300379) , Troy Information Technology Co.Ltd(300366) , Archermind Technology (Nanjing) Co.Ltd(300598) , China National Software And Service Company Limited(600536) ; Gaussian database Council members and partners Beijing Vastdata Technology Co.Ltd(603138) , Beijing Supermap Software Co.Ltd(300036) .
Risk tip: the production capacity of Kunpeng chip is limited, and the landing of Kunpeng ecological application is less than expected.
