Last week, there were many callback on the main board, and there were certain excess returns on computers, small and medium-sized board and gem. From the internal perspective of the sector, the performance of the smart car sector is outstanding, mainly driven by the higher than expected performance forecast of the core company in 2021; And network security continues to callback. We believe that the core factor of the recent market is the performance forecast, followed by policy driven.
On January 12, the State Council issued the 14th five year plan for the development of digital economy, which deployed eight key tasks, including optimizing and upgrading digital infrastructure, giving full play to the role of digital elements, promoting industrial digital transformation and accelerating digital industrialization; On January 16, Xi Jinping General Secretary emphasized that digital economy is a strategic choice in “constantly strengthening, optimizing and expanding China’s digital economy”. We believe that the development of digital economy will help the future development of the computer sector from two aspects: tackling key problems in core technology and combining digital technology with traditional industries.
The information and innovation industry is expected to usher in a new round of business cycle: the 14th five year plan for promoting national government informatization clearly puts forward “accelerating the construction of digital government and improving government service level”. We believe that PC, office software, OA, PC operating system and other fields directly related to front-end business are expected to usher in a new round of development dividends; From the perspective of industry information innovation, financial information innovation will start well in 2020 and 2021; Domestic middleware, domestic database, domestic server CPU and server operating system have also experienced the practical experience of pilot in key industries in the past two years, and are expected to achieve higher penetration in key industries. On the whole, the information and innovation industry is expected to usher in a new business cycle.
Industrial digitization is expected to accelerate: technologies such as Internet, cloud computing, big data and artificial intelligence are accelerating the integration with various industries to help customers in downstream industries reduce costs, improve quality and efficiency, and even build a platform and ecological development model. We believe that under the background of accelerating the development of digital economy, the digitization of manufacturing, utilities and other industries will accelerate, and we are optimistic about the industrial Internet and intelligent enterprises of energy and utilities.
The cloud computing field pays attention to the start of the quadratic growth curve of leading companies: SaaS leading enterprise Beijing Kingsoft Office Software Inc(688111) held a digital office conference this week, released new products and modules, and accelerated the expansion to the b-end enterprise service market. We believe that the company’s new products have made great progress in the underlying platform and function application, and we expect the company to have a faster pace in market expansion in the future. The industry solution enterprises, such as Winning Health Technology Group Co.Ltd(300253) , Hundsun Technologies Inc(600570) , Beijing Shiji Information Technology Co.Ltd(002153) , have completed the user trial of new products. We expect that the new products of these companies will enter the accelerated landing period next year.
Performance of smart car leaders exceeded expectations: this week, both Thunder Software Technology Co.Ltd(300496) and Huizhou Desay Sv Automotive Co.Ltd(002920) smart car leaders released performance forecasts that exceeded market expectations, indicating that even if there is a core shortage dilemma, the trend of automotive intelligence is still strong. In the CES exhibition held recently, major technology and auto giants released and exhibited their latest automotive intelligence solutions, Further promote the industry.
Investment proposal and investment object
It is suggested to pay attention to the leading enterprises in various subdivided fields of Xinchuang. Domestic middleware: Beijing Tongtech Co.Ltd(300379) (300379, not rated), Beijing Baolande Software Corporation(688058) (688058, not rated); Domestic database: Beijing Vastdata Technology Co.Ltd(603138) (603138, not rated); OA system: Shanghai Weaver Network Co.Ltd(603039) (603039, not rated), Beijing Seeyon Internet Software Corp(688369) (688369, not rated); Domestic server and CPU related: Dawning Information Industry Co.Ltd(603019) (603019, buy); Financial information creation integrator and banking software platform: Digital China Information Service Company Ltd(000555) (000555, buy), Shenzhen Sunline Tech Co.Ltd(300348) (300348, not rated).
Industry digitization direction: recommend digital Procurement Leader Beijing United Information Technology Co.Ltd(603613) (603613, buy); ERP leader Yonyou Network Technology Co.Ltd(600588) (600588, buy); Intelligent water faucet Zhejiang Heda Technology Co.Ltd(688296) (688296, buy); It is recommended to pay attention to the leading enterprises in intelligent heating: Runa Smart Equipment Co.Ltd(301129) (301129, not rated); Coal mine intelligent participant Hefei Gocom Information Technology Co.Ltd(688367) (688367, not rated).
Cloud Computing: recommend digital office leader Beijing Kingsoft Office Software Inc(688111) (688111, overweight); Medical it leader Winning Health Technology Group Co.Ltd(300253) (300253, buy); It is recommended to pay attention to Beijing Shiji Information Technology Co.Ltd(002153) (002153, not rated) and Glodon Company Limited(002410) (002410, not rated).
Intelligent automobile sector: recommend intelligent automobile leader Thunder Software Technology Co.Ltd(300496) (300496, buy); Enterprises Autel Intelligent Technology Corp.Ltd(688208) (688208, buy) are being deployed in the field of new energy and intelligence from the automotive aftermarket.
Risk tips
Digital transformation is not as expected; The implementation of industrial digitization policy is less than expected; The integration of digital technology and industry is less than expected.
