Zhongke Jinzai
The logic of the target: the past bull stock, a substantial decline of six years, the market value of more than 90%. The same data security business counterparts, valuation of more than tens of billions of dollars level, the P/B ratio of more than 7 times, in the Golden Treasury is only 4.2 billion market value, 1.9 times the P/B ratio. Recently, the bottom of the burst volume, continuous positive, huge amount of large sun after the presentation of 60 degrees of upward attack, the quarter line is about to golden cross.
The company mainly for financial institutions, government and public utilities, enterprises and other areas of customers to provide financial technology, data center integrated services, Xinchuang and other services, and continue to layout on the blockchain, privacy computing and other innovative technologies and applications of research and development, reserves. The company has obtained more than 20 patents on privacy computing and more than 20 patents on blockchain technology. The Company's business also includes data center system integration, technical services and software product development. The company is experimenting with the technical application of digital currencies, scenario expansion, and operational services.
Blockchain: Beijing Blockchain Technology Application Association president unit; Zhongke Jin Cai in how to make the original accounting vouchers, legal contracts into effective and credible electronic vouchers and electronic contracts, etc., has a certain technical accumulation and practice foundation; at present, more than 60% of domestic banks , the original bills to electronic bills technical support work, are provided by Zhongke Jin Cai. The company's business is to provide the best possible service to its customers. As the saying goes, to do IT, in fact, the core is the ability to sell, customer coverage is a major advantage.
2. Industrial digitization:
Industrial digitization is actually the industrial Internet and data governance, the concept is very broad, the breakdown is very complex. Carefully divided into management side, business side, cloud side. According to the industry, the government (smart government, smart city), financial institutions (smart finance, open banking), power (ubiquitous power, smart grid, virtual power plant), the Internet of cars, smart health care, manufacturing automation digitization, etc.
This is the first time that we have seen the digitalization of the industry, and it is the first time that we have seen it.
According to the difficulty of advancing, manufacturing should be the most difficult. The easiest to promote is the government, followed by financial institutions, once again, the power car networking medical and so on. The country to the city gate columns, migrating wood for the letter, naturally, to be at the forefront when the vanguard. Secondly, the digitalization of the service industry is conducive to reduce the number of people to increase profits and enhance the level of service, there is also a lot of dynamism. Manufacturing industry, especially small and medium-sized manufacturing industry should be the difficulty of promoting. In the software category, management class OA office, HR system cost low versatility should be the easiest on-line on the cloud, but the industrial enterprise management software may be the biggest difference in expectations. The industrial Internet hardware and software is difficult to develop, high degree of customization, high cost, to promote the difficulty is relatively large.
Huawei is the pioneer of the industrial Internet. We have set up a coal mine army, a smart highway army, a customs and port army, a smart photovoltaic army and a data center energy army, and we are also involved in smart mines and smart education. There will be a lot of opportunities for software and hardware companies to work with Huawei.
Intelligent banking, open banking main subject: Xin Yada
The underlying logic: the past bull stock, a substantial decline in six years, the market value of the market value of more than 90%, in the A-share decline ranked 23. Currently 4.9 billion market capitalization, 3.91 times the price-to-sales ratio. September bottom burst volume, continuous positive line, huge amount of large sun after the presentation of the 60 degree uptrend to start a wave of big market, the current quarterly line of golden cross. The stock belongs to the core subjects of financial technology, the company's main business is for the banking industry, mainly financial institutions, to provide end-to-end professional solutions and products based on the business, customers covering 90% of the country's banks.
Hand in hand with Shun Yun Internet, *** build motor industry brain supply chain financial platform. 2021, the company process bus, intelligent customer service and other fist products are gradually promoted with Huawei and other companies to carry out the depth of the scene adaptation and compatibility and mutual recognition, in order to accelerate the current company's full-stack financial technology products of the home-made, independent, controllable support. The company has completed the research and development of the credit collection big data platform and the citizen credit management system V1.0, and the citizen credit management system V1.0 has been successfully applied to the Xiamen One Card. Cinda's state secret system again fruitful, state secret algorithm is the content of the digital security certification.
Intelligent City Label: Zhongdian Xingfa
Logic of the target: overshooting 6 years fell to 80%, the current market net ratio of 1.18. market rate of 2.17, P/E ratio of 33.86, extremely underestimated. November began to release the volume of positive line gradual 45 degrees on the attack. Monthly MACD is about to gold fork.
CLP Xingfa subsidiary and Huawei strategic cooperation.
The company's main smart city, business accounted for 73%, and penetration to big data. Currently officially signed aviation industrial cloud base Unicom big data center project according to have been under construction, or will be involved in the construction of the case of the smart city, the county, county-level city, prefecture-level city (including the district to which it belongs) smart city construction scale measurement, the national smart city construction scale capacity of more than one trillion yuan, the space is very large. In terms of business development, the company based on the "nine a" qualification advantage, proposed in the field of intelligent administrative areas to push the PPP + EPC project mode, the first half of the year repeatedly won a large single.
In terms of technology research and development, CLP Xingfa independent research and development of video integrated management platform V1.0 and Huawei Technologies Ltd. TaiShan100, TUNISY server operating system and TUNISY desktop operating system V20 to complete the compatibility test work. The company's video integrated management platform V1.0 has successively completed the Longxin, Haisi and other domestic hardware platforms and TUNISIN UOS, Kirin and other domestic software operating system compatibility adaption, can fully meet the intelligent China business localization market requirements.
Performance is also good, performance is reversing. Intelligent medical + car networking standard: Neusoft Group
The logic of the target: 6 years of overshooting, down more than 70% of the market value. The current P/E ratio of 1.80, P/E ratio of 202, ranked in the bottom of the software industry. The current market value of 15.3 billion, compared with peers greatly underestimated. November began to burst the amount of 60 degrees graphic on the attack. Quarterly MACD will soon be golden fork.
The company is a leader in medical information technology and automotive intelligence. The company is mainly divided into intelligent medical, automotive technology and investment in three sectors.
On the automotive technology car networking, according to the valuation of 70 billion in accordance with the current revenue scale of Decepciwei reference industry valuation of roughly 35 billion. Regarding the investment in the joint venture this piece, four unicorns, according to the valuation of each unicorn 10 billion, according to 30% of the shares, conservative 12 billion.
Of course, the growth with reference to the subject than may be slightly inferior, but after all, where the volume, a slight discount, 4 times the space okay?
Intelligent Grid Label: RIKEN
Logic of the target: 6 years of overshooting, down more than 60% of the market value. The current P/E ratio of 25 times, P/N ratio of 1.84, in the software industry ranked behind. November began the positive line alignment, the ground burst after the star of the sky with the volume of the 60 degree uptrend, is the MACD quarterly golden fork. Not over the short term because the concept of smart grid up more, it is recommended to observe the first observation, the probability of winning or losing long remembered in the heart.
The company is a leading enterprise in the field of power engineering informatization, as well as the nation's leading surface water quality monitoring equipment and operation and maintenance manufacturers, the domestic power equipment online monitoring industry pioneers and promoters. The company's core product for the transformer chromatography online monitoring system (MGA), the product can realize the power transformer oil dissolved gas online monitoring and fault diagnosis, mainly used in power grid companies, power generation enterprises and large-scale power users 110kV and above the power transformer; cumulative total of more than 1,500 sets of MGA has been sold in the 110kV above the market share of about 50%, ranked first. The company has sold more than 1,500 sets of MGAs.
The company's subsidiary Jiangxi Bo Wei new technology in recent years to the energy industry digital landing as the goal, based on the independent three-dimensional platform technology, BIM +. AI + VR + Internet of Things as a support, basically have to build the energy industry digital twin technology applications and scene landing ability. Initially form the digital twin business line of transmission, substation and distribution engineering construction process and operation process. Focusing on the application of digital construction site, auxiliary construction and auxiliary design and other directions. The company cooperates with Huawei to build an industrial ecological strategy.
Industrial Internet standard: HAND information
Logic of the target: 6 years of overshooting. It has dropped 80% of its market capitalization. The current P/E ratio is 2.36 and the P/S ratio is 2.77. In the software industry, it is ranked at the back of the pack,
Relatively underestimated. in November, it started to attack with volume, the weekly level of backlash, and the monthly level of consolidation backlash. As with UFIDA almost the same generation of enterprises, because of the choice of different roads, a market value of 110 billion, a market value of just over 70 billion. Simply because the business model is different. UFIDA relies on office OA and HR systems to grow and develop, while HAND insists on ERP. the winds of the times, the deep waters of enterprise digitization, enterprise resource management, process control, this time it's HAND's turn to the main field.
HAND five years to sharpen a sword, continuous investment in hard practice in the center stage, immediately blossomed.
The company is the largest ERP enterprise in China. The company is one of the earliest professional consulting firms engaged in high-end ERP implementation services, the company has provided a large number of corporate customers for the C end of the business transformation and tools to support (such as Sophia Home, Qingdao Beer, Ayamas Clothing), at the same time in the B end and the M end of the business users to provide more integrated solutions and product implementation (such as Fuyao Glass, Huizhong Automobile, Haili). November 13 announcement, HAND information to introduce war investors for Zhen Yun information on its shareholding will be reduced to 19.7564%, the introduction of this investor, will be the development of Zhen Yun information to inject a new engine of power. 2019 March, signed a strategic cooperation agreement with Baidu, at the same time Baidu intends to be transferred by controlling shareholders of the transfer of 5.26% of the shares, to become a strategic investor. The company has begun to do internal incentives, the goal is to profit performance within three years to reach 120%.
3. Central Bank Digital Currency: Central Bank Digital Currency (DECP) opportunities naturally need not be said, digital currency is currently increasing the scope of the pilot.
The Winter Olympics will show the world China's digital currency technology. This is a major node. Digital currency involves more hardware and software.
Mainly the following:
Software, such as the system, tools and software, authentication, security and so on.
The subject is more, the amount of value is actually not large, mainly the concept.
Equipment terminal: the bank's machinery and equipment need to be updated, public **** collection equipment also need to be updated, the value of the volume is relatively large. The explosive force is relatively strong. For example, the bank's ATM as well as smart machines need to be replaced or upgraded.
Personal hard wallet software package: soft wallet is each software, the value of the volume is not high. Hard wallet volume is relatively large, the explosive force is relatively strong. For example, chip cards, SIM cards, IoT devices, shaped cards, and so on.
In addition to mention, which digital currency for which the acquiring enterprise actually long-term negative, but for the manufacture of POS manufacturers is good. And digital currency hardware terminal including hard wallet, the most important thing is the chip, security needs must be domestic chip.
It is hard to say when the digital currency will fully land, after all, it is the total plate involving 1.4 billion people, the slightest error BUG can not have, so it must be a gradual process of promotion.
But the expansion of the pilot's benefits will come one by one this is certain, now the RMB is probably more than 330 trillion. The digital currency, even if it replaces half, that is the whole society's sky-high demand for software and hardware updates.
At present, a simple discount conservative estimates, digital RMB hardware and software industry upgrade will bring 140 billion market space, including the core banking system transformation 5.1 billion, digital RMB hard wallet cut-off 33.9 billion, ATM upgrade 50.7 billion, smart counter card issuance machine upgrade 32.3 billion, merchant POS equipment upgrade 19.2 billion, the market space is vast.
Because at present the major research structure either brokerage firms or funds, the incremental increase in digital currency is basically dumbfounded, just stay in the concept of the wind mouth, and very few to do quantitative analysis. So the figures in this research paper are very conservative estimates.
According to Murphy's Law, the actual cost is always far more than the initial estimate, and I guess it is far more than that.
Considering that the companies providing the service are basically SMEs, the contribution to the elastic space has to be significant.
Hard wallet card material subject: Huaxin new material
Subject logic: market net ratio of 2.66, market value of 1.6 billion. The overall valuation is relatively low, and the current share price is also on the floor price of the listing since 2018. The graph is a MACD weekly monthly quarterly golden cross.
Because card issuance is not very economically relevant, this company's business is non-cyclical, so the Digital Currency Era has given him an extra extra large gold pie.
For digital currency, in fact, there is nothing more resilient than the hard wallet, the current national average of 380 million cards issued a year. If the digital currency push is complete, it is estimated that at least 2.4 billion cards will be issued (super SIM cards, screen display cards, and heterogeneous cards combined). That's 6.5 times the space.
A-share only Huaxin New Material a supply, in a monopoly position , the market to Dongxin Peace, Chu Tianlong, Hengbao shares, Tianyu information, Jinbangda, Donggang shares, etc. as the representative of the listed card companies are his customers.
Card production capacity is extremely limited, so it is foreseeable that the card material supply exceeds demand in the coming year, the volume and price rise. 1.6 billion market value to 8 billion? I can see that you can let go of your imagination.
Intelligent banking machine standard: Canton Express
The logic of the target: after 2015 valuation fell by half, the P/E ratio of 2.72, P/E ratio of 34.76. Relatively underestimated. since November has been a long average upward attack. Belongs to the proper mid-capitalization institution ticket. The arrival of the digital currency era will trigger a huge amount of financial outlets payment equipment, business equipment updates, company is the absolute leader of the bank's intelligent machines , business is not much to introduce, do not understand to check, is actively embracing the digital currency, the People's Bank of China's Digital Currency Research Institute's focus on the cooperation unit, his digital currency wallet has been in the payment scene in the gates, vending machines, and so on test. Vending machine and so on test.
The Winter Olympics card machine is provided by his family. Its Zhongke Jiangnan is very bull, all the banks have to access his system, each bank has to pay a royalty according to the network interface. In addition, it also carries out the data center business. It can be said that the domestic digital currency to walk in the first, with the official cooperation with the banks to cooperate with the most in-depth is him. According to the digital currency era elasticity estimates, the number of equipment replacement space gross gross estimate may reach about 8 times the constant.
Card Trademark: Dongxin Peace
Subject logic: Card business in the boss, screen display card and super SIM card. The company is owned by CEC, and the ultimate real controller is China Electronics Technology Group Limited, covering smart card products and digital identity security products in financial services, mobile communications, government public **** business, consumer electronics, industrial IOT, and automotive networking applications.
Smart card business: mobile communications, the main products for the M2M, NFC-SIM, USIM, etc., the main business object for telecommunications operators; financial payments, the main products for the financial IC card, including industry cards, innovative cards, high-end customized cards, etc., the main business object for the banks and other financial institutions; the government public **** business, the main products for the ID card, social security card, e-passport, ETC, etc., the main products are the social security card, the ETC, the ETC, the ETC, the ETC, the ETC, the ETC, the ETC, and other applications. security card, electronic passport, ETC accounting card. Digital identity security products: play in the digital identity recognition and data security technology advantages, focus on the Internet of Things and information security industry, to provide the market with digital identity security module (eSIM, eSE, RFID products), digital security management solutions; the main projects include: vertical industry security chip project, the Internet of Things sensing tag project, the mobile card writing system business, the digital security platform RSP platform business. The main projects include: vertical industry security chip project, IOT sensor tag project, mobile card writing system business, digital security platform RSP platform.
The company has a digital currency wallet hard wallet and digital currency key data device patents, the two patents for the company's digital currency security management of the technical reserves. The company also has the reorganization theme of CEC.
4. Other opportunities
To build a new advantage in the digital economy, it is indispensable to improve the digital infrastructure.
Cable, fiber optics, sensors, computing power (such as DPU), data centers and so on these basic hardware facilities will be greatly accelerated, the relevant standard will also greatly benefit.
In addition, the state's support for the main body of the digital economy, small and medium-sized scientific and technological innovation and service-oriented enterprises will only be more and more, more use of the capital market to help these enterprises bigger and stronger, in recent years, we will see a lot of small and medium-sized scientific and technological innovation and service-oriented enterprises of the digital economy, listed on the Bejing Stock Exchange. Therefore, VC firms that have invested in a large number of small and medium-sized technology innovation and service-oriented enterprises in the digital economy will also benefit greatly.
Fiber optic target: Tongding Interconnection
Logic of the target: the overshooting for more than 6 years, the stock price fell more than 80%. Currently, the price to net ratio of 2.37, price to sales ratio of 2.32. are much lower than the industry. In recent days, the bottom of the burst volume began to 45 degrees on the attack, the quarter is about to golden cross. Fiber optic industry in the first few years of the market fell into the dregs, but now has been reversed, the mobile 10 billion level of procurement average price rose 30% over last year, through the industrial research also learned that the fiber optic industry has indeed reversed, Some company sales managers said they have never seen a fiber optic market as hot as the present.
The company also has cable business, in fact, cable due to power transformation, cable business is also hot.
Optical Module Subject: Intermediate Xu Chuang
Subject Logic: Valuation at the absolute bottom, Optical Module leading brother . The price of the module is at the absolute bottom, the leading brother of the optical module .
Computing power subject: left river technology
Subject logic: graphic volume uptrend, is the first divergence. Network big data scene acceleration DPU. for high bandwidth, low latency, data-intensive computing scenarios to provide computing engine. CPU processing network card in the flow of data is too much of a waste of the CPU's performance, the future trend is to engage in a specialized processing network card in the flow of data chip DPU, just like image data to the GPU. Arithmetic DPU is the core of the core of the digital economy era, with epoch-making significance.
Whether it's industrial digitization or meta-universes, etc., they all need huge arithmetic support, and some research institutions say that arithmetic demand will grow a thousand-fold. The company's DPU products will be in the second half of next year, the company also has other business is network security chip. Referring to the current listing of the chip enterprise easily tens of billions of market value, the current left river technology on the 6.9 billion market value. The elasticity of the space can not be said to be not great.