The 14th five year plan for the development of digital economy has been issued, and digital economy is a new space for economic development
The Circular of the State Council on the 14th five year plan for the development of digital economy (hereinafter referred to as the “Circular”) proposes to vigorously promote the development of digital economy. It is expected that by 2025, the added value of core industries of digital economy will account for 10% of GDP, the scale of software and information technology service industry will reach 14 trillion yuan, the number of IPv6 active users will reach 800 million, and the application penetration rate of industrial Internet platform will reach 45%. Specifically, the notice puts forward the key directions of digital economy from four aspects: 1) building a data resource system and using data resources to promote the efficient coordination of the whole industrial chain; 2) Promote industrial digital transformation; 3) Improve the independent innovation ability of digital technology and drive the real economy to improve quality and efficiency; 4) Integrating digital public services into life; 5) Improve the digital economy governance system and enhance the progress of the digital economy security system.
In the new era of integration of industrialization and industrialization, the development of digital economy enabled industries is the core
The digital economy plan of the 14th five year plan has placed China’s digital economy in a very high strategic position. We believe that the digital economy is the integration of two modernizations in the new era. The integration of informatization with data as the core element and real industry is the main starting point to realize the digital economy. The development of industry informatization, digital government, industrial Internet and even meta universe is expected to create a new space for China’s economic development. Specifically, industry informatization: the notice proposes to speed up the digital transformation and upgrading of enterprises and strengthen the data connection of the whole process; Deepen the digitization of industries and even clusters, and accelerate the digitization and informatization of energy, transportation, water conservancy, logistics, environmental protection, finance and other fields; Industrial Internet: the notice proposes to accelerate the upgrading of the supply chain system of key industries such as industrial Internet, and encourage enterprises to use 5g, time sensitive networks and other technologies to transform and upgrade their internal and external networks.
Investment advice
We believe that finding information related fields that enable traditional industries will be the biggest highlight of the growth sector. Suggestions and concerns: 1) electric power informatization: electric energy cleaning is the only way for “double carbon”, and informatization is the core of realizing clean energy access and efficient power consumption. 2) Aerospace Informatization: on the one hand, the national spatial information infrastructure is gradually complete; On the other hand, companies in related industries have developed and expanded, and highly skilled talents have gradually poured into all links of the satellite industry chain. The development of aerospace informatization is expected to accelerate. 3) Informatization of public utilities: China’s heating and water supply enterprises are in the stage of transformation from government subsidies to marketization. Water price adjustment policies and “double carbon” related policies are driving water and heating enterprises to reduce costs and increase efficiency by means of informatization. 4) Financial informatization: the development of digital RMB has brought changes to the banking system, and the ecological construction of digital RMB has brought the demand for Bank Informatization upgrading.
Suggested concern
Smart car: Thunder Software Technology Co.Ltd(300496) , Arcsoft Corporation Limited(688088) , Huizhou Desay Sv Automotive Co.Ltd(002920) , Autel Intelligent Technology Corp.Ltd(688208) , China Transinfo Technology Co.Ltd(002373) .
Industrial software: Runa Smart Equipment Co.Ltd(301129) , Zhejiang Heda Technology Co.Ltd(688296) , dingyang technology, Shanghai Baosight Software Co.Ltd(600845) .
AI: Pci Technology Group Co.Ltd(600728) , Iflytek Co.Ltd(002230) , Zhejiang Dahua Technology Co.Ltd(002236) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Opt Machine Vision Tech Co.Ltd(688686) .
Fintech and Xinchuang: Grg Banking Equipment Co.Ltd(002152) , Yusys Technologies Co.Ltd(300674) , Hundsun Technologies Inc(600570) , Inspur Electronic Information Industry Co.Ltd(000977) , China Greatwall Technology Group Co.Ltd(000066) .
Risk tips
1) the epidemic situation intensifies and reduces the expenditure of enterprise informatization; 2) Fiscal and monetary policies are lower than expected; 3) The fluctuation of supply chain increases, which affects the development of science and technology industry.
