Computer Industry Weekly View: Shanghai Development and Reform Commission issued new infrastructure

　　The Shanghai Development and Reform Commission issued the new infrastructure interest discount management opinions, and cloud computing and other industries continue to benefit: the introduction of the guidance opinions will help further enlarge the leverage of financial funds and encourage and guide social funds to increase investment. Driven by Shanghai’s demonstration role, major “new infrastructure” projects may be implemented on a rolling basis, and sub-tracks such as cloud computing, AI, smart cities and rail transit will continue to benefit.
　　UFIDA releases an intelligent IoT platform to help the development and innovation of the industrial Internet: The AIoT platform released this time can help companies access IoT services faster and better, achieve OT-IT integration, and flexibly process and analyze industrial data to support production Manufacturing, asset management, energy management, safety and environmental management and other business areas accelerate the pace of data-driven intelligent industry, thereby helping industrial enterprises to easily access the industrial Internet and promote intelligent manufacturing.
　　The industry valuation is higher than the historical center, and industry attention has declined: the average transaction volume last Sunday was 51.379 billion yuan, and transaction activity declined. In terms of valuation, the SW computer industry PE (TTM) has rebounded from the 2018 low of 37.60 times to 81.41 times, which is higher than the historical average of 55.75 times from 2010 to 2019. The industry valuation is higher than the historical central level.
　　The performance of the computer sector last week was divided: more than half of the stocks rose, 63 stocks rose, and 150 stocks fell. The number of rising stocks accounted for 29.17%.
　　Investment advice: With new infrastructure as the core, accelerate the cloudification and digitalization of enterprises, and recommend investors to pay attention to high-quality targets with strong performance certainty in the high-prosperity sector. Focus on recommending financial technology stocks Guangdian Express (the central bank's digital currency landing expectation), Oriental Fortune; leading companies in the financial IT field: Hang Seng Electronics, Everbright Technology, and China Information; server leading Inspur Information (significant increase in demand for cloud infrastructure); high-performance computing The leading enterprise Zhongke Suguang.centrifugal fan vs axial fan
　　Risk factors: global geopolitical risks, technology advancement is not up to expectations, and industry IT capital expenditures are lower than expected.