Industry view of this week (this week refers to January 17 to January 23, 2022, the same below)
Event: on January 12, 2022, the State Council issued the 14th five year plan for the development of digital economy (hereinafter referred to as the plan), clarifying the guiding ideology, basic principles, development objectives, key tasks and safeguard measures for the 14th five year plan to promote the healthy development of digital economy.
*** Promote the development of digital industry in key areas, standardize the development of digital economy, improve the governance system of digital economy, and actively participate in international cooperation in digital economy.
Interpretation: pay attention to the general trend of industrial Internet development and be optimistic about the sustainable growth of industrial e-commerce industry.
In the plan, the fields of industrial digitization and industrial Internet are mentioned at a large length, which is an important development direction of digital economy in the future. The plan sets “industrial digital transformation to a new level” as the main development goal; In the main indicators, it is expected that the application penetration rate of industrial Internet platform will double in 2025 (from 14.7% in 2020 to 45% in 2025). The plan also deploys eight key tasks, including “vigorously promoting industrial digital transformation”, that is, accelerating the digital transformation and upgrading of enterprises, comprehensively deepening the digital transformation of key industries, industrial parks and clusters, and cultivating the transformation supporting service ecology.
The article “constantly strengthening, optimizing and expanding China’s digital economy” also reiterated the importance of promoting the integrated development of digital economy and real economy. The article mentioned that we should grasp the direction of digitization, networking and intelligence, promote the digitization of manufacturing, service, agriculture and other industries, use new Internet technology to transform traditional industries in an all-round and whole chain, improve total factor productivity, and give full play to the amplification, superposition and multiplication of digital technology on economic development.
We believe that: ① there is a lot of room for the development of industrial Internet and industrial digitization. At present, China’s information infrastructure is leading the world, and cloud computing and other industries are also developing continuously. The next five years may be an important dividend period for the development of industrial Internet; ② The industry needs Internet information platform to realize resource integration. At present, there are still digital gaps and data islands among different groups. The value potential of data resources needs to be further released. Leading e-commerce platform enterprises of industrial products are expected to become integrators; ③ The e-commerce of industrial products is expected to take the lead in the development, move the transaction to the e-commerce and realize cost reduction and efficiency increase. It is a transformation method with direct and rapid results, and the e-commerce of industrial products is also an effective breakthrough to precipitate data and get through data.
Recommended targets: Beijing United Information Technology Co.Ltd(603613) , Milkyway Chemical Supply Chain Service Co.Ltd(603713) , etc.
Beijing United Information Technology Co.Ltd(603613) has a number of leading industrial products e-commerce platforms (such as Tu Duoduo) and industrial information websites (Guolian resource network), with a forecast revenue of more than 37.1 billion yuan / + 116% YoY in 2021, mainly from industrial products e-commerce business. The company adheres to the industrial Internet development strategy with “platform, technology and data” as the core, deeply integrates with the industry, and continues to build an industrial Internet platform.
Milkyway Chemical Supply Chain Service Co.Ltd(603713) is a leading comprehensive logistics service provider of hazardous chemicals in China. In 2021, based on the logistics foundation, it will vigorously develop the e-commerce of industrial products and build a “chemical super Amazon”. In 2021h1, the trading revenue of the company was 1.1 billion yuan / + 400.5% YoY, making a breakthrough. The company’s internal MCP system has been iterated to version 4.0, with strong digital self-research strength. In the future, the company will be based on logistics
Risk tip: the development of e-commerce platform for industrial products is not as expected, production and operation safety risks, price fluctuations of industrial products, etc.
