Market review
This week (5.20-5.24), the CSI 300 index fell 2.08%, the SME board index fell 2.72%, the GEM index fell 2.49%, and the computer (CITIC) sector fell 4.32%. The top five gainers of individual stocks in the sector are:
Rongke Technology, Lishichen, Chunqiu Electronics, * ST Shida, Langxin Technology; The top five decliners were: Zhongke Soft, Longyu Fuel, Contact Interaction, Sichuang Healthcare, and Haofeng Technology.
Industry news
Huawei: Huawei launched its image XMAGE co creation plan, which will combine soft and hard core clouds to build a full link image technology innovation in a multi-dimensional way and build a future image power.
Huawei: The 2024 Huawei AI+Manufacturing Industry Summit was held. The rise of AI is restructuring production relations, helping the manufacturing industry achieve quality improvement, cost reduction, efficiency increase and inventory reduction, thus stimulating new quality productivity.
Company Dynamics
Liandi Information: On May 22, it was reported that the company released the announcement of lifting the restrictions on the sale of its shares. The total number of shares lifted was 18796960, accounting for 23.80% of the company's total share capital.
Nanwei Software: On May 24, it was reported that the company signed a contract with Huawei Cloud Computing Technology Co., Ltd. for the Algerian All in One Netcom project. The total contract amount is 53687600 yuan (tax included).
This week's view
Domestic computing power demand may be the most definite main line. Inspur information released its performance in 2023, and the 23Q4 profit side strongly reversed the high boom of demand in the computing industry; Overseas AI giants Microsoft and Google released their latest quarterly financial reports and once again emphasized the growth trend of capital expenditure; Considering the mismatch of the investment cycle between China and the United States due to the supply problem of GPUs, the construction of domestic computing power in 2024 may be the most definite main line. The three major operators have successively issued large-scale bidding, and domestic AI computing power has become the mainstream, with broad long-term prospects. It is suggested to focus on: domestic AI computing leaders such as Inspur Information, Cambrian, China Great Wall, Softcom Power, Unisplendor, Industrial Fulian, Haiguang Information, Zhongke Shuguang, Suzhou Keda, etc.
The growing uncertainty of international geopolitics highlights the importance of military IT security and general security. The establishment of the Chinese Information Support Force has realized the key support for coordinating the construction and application of the domestic network information system, and China's new network security system is steadily advancing, The core components of the national cyberspace security strategy, cyberspace maps and the virtual training base network shooting range of military industry and key units, and other new special network security products vigorously developed by the United States in recent years, are expected to develop rapidly. At the same time, satellite transmission encryption may become a new demand for satellite Internet and build new business increments. It is suggested to focus on: Putian Technology, Shengbang Security, Mayanson, Jida Zhengyuan, SuperMap Software, China Great Wall, Yongxin Zhicheng, Amboton and other manufacturers with forward-looking layout related businesses.
The first batch of safety and reliability evaluation results were released in the year, and the information innovation industry ushered in an important turning point. The 2024 Government Work Report proposed to issue ultra long term special treasury bonds, which will be specially used for the implementation of major national strategies and security capacity building in key areas. The policy of the new year will further deepen the reform of state-owned enterprises and the promotion process of ICT, and the localization dividend is expected to continue to release. We are optimistic that the demand side and the supply side will jointly promote the ICT industry to usher in an important turning point. It is suggested to focus on: China Software, China Great Wall, Nasda and other leading ICT industry leaders.
Risk warning
The policy implementation is not as expected; Industry competition intensifies
