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Rating research report, the concept of central enterprise AI is on fire! This industrial software leading central enterprise has laid out the AI big model in advance+the intelligent manufacturing of i

　　[investment points]

　　(1) The State-owned Assets Supervision and Administration Commission (SASAC) first mentioned "AI empowerment industry rejuvenation". This industrial automation software leader is expected to take the lead in benefiting from the AI+ industry in advance; MES domestic enterprises have the first market share, and hold large-scale PLC products that are scarce in China, so there is a big room for domestic innovation.

　　② The company is domestic.The first echelon, domestic X86 CPU leader, industryIt is expected to open up the domestic CPU market space, and the DCU business has been harvested.Customers from big factories such as, Ali, etc. are expected to usher in a second growth curve under domestic computing power demand.

　　open-sourceRe-covering, maintain the company’s "buy" rating.

　　February 21, open source release.Re-covering（600845.SH）, maintain a "buy" rating. Since the beginning of this year, open source has released the company’s related research reports for three times.、It also covered the stock one after another and gave a "buy" rating.

　　According to public information, the company started from automation and informatization, and gradually entered the IDC industry, while deepeningNet, AI big model,, AIDC layout; The company is the actual control of China Baowu,The ultimate controller of listed software enterprises controlled by the company is the State-owned Assets Supervision and Administration Commission of the State Council.

　　In the secondary market, the company’s share price has been significantly adjusted back in the past year. On February 2, it once hit a new low in the past year. It has rebounded recently and closed on February 22.The company’s share price rose by 2.75%, closed at 43.36 yuan/share.

(Source: Nancai Financial Terminal)

　　① The deployment of "AI+Central Enterprises" is accelerating, and the company is expected to take the lead in benefiting.

　　Today, the direction of AI has broken out again, and the concept of "AI+ central enterprises" is hot.

　　In the news, on February 19,The State-owned Assets Supervision and Administration Commission of the State Council held the central enterprise of "AI Empowering Industry Rejuvenation"Thematic promotion meeting. The meeting stressed that it is necessary to promote the central enterprises to achieve better development and play a greater role in the field; It is necessary to carry out AI+ special actions, strengthen demand traction, accelerate the empowerment of key industries, build a number of multi-modal high-quality data sets of industries, and create a large model to empower the industrial ecology from infrastructure, algorithm tools, intelligent platforms to solutions.

　　Hua Fu Securities pointed out that,Central enterprises have the advantages of large demand scale, complete industrial facilities and many application scenarios. The entry of central enterprises is conducive to accelerating the improvement of the basic base of China’s AI industry development and promoting the formation of industrial demonstration projects to provide direction for other enterprises’ innovation.

　　Open source securities said that,As the state supports central enterprises to develop the AI industry, the company is expected to benefit from the core as an industrial software leader+central enterprises. With the deployment of intelligent manufacturing by traditional process enterprises such as iron and steel metallurgy, petrochemical and chemical industry, and the rise of domestic innovation, the company may usher in golden growth opportunities and have great long-term development potential.

(Source: Open Source Securities)

　　(2) Industrial software started, and there is a large market space for domestic innovation.

　　In terms of automation, the company is a rare enterprise in China that has launched large-scale PLC (programmable logic controller) automation industrial software products.Open source securities pointed out that before the company launched large-scale PLC products, the market share was monopolized by foreign companies, and domestic enterprises were mostly located in small and medium-sized PLCs. "technical barriers+customer barriers+capital barriers+product exclusivity barriers" and so on have built a high industry barrier for large PLC.

　　According to the organization, in 2021, the company planned to develop distributed domestic SCADA software for metallurgical industry, and formed a pilot application. At present, the company takes the intelligent control center project of TISCO No.2 Steelmaking Company as an opportunity.The self-development of SCADA, a production control software for process industry, has been realized..

　　In recent years, the domestic PLC market has maintained a steady growth momentum. Open source securities pointed out that the company’s large PLC is in a period of rapid development with the market share increasing from 0 to 1, and related businesses are expected to benefit from the progress of domestic innovation.

(Source: Open Source Securities)

　　In terms of informatization, the company relies on Baosteel and Baowu platform, the largest steel group in China, and its industrial software has the first-hand advantage.According to IDC data, the company’s market share in the domestic manufacturing MES (Manufacturing Execution System) software industry was in the top three in the market from 2021 to 2022.The market share ranks first among domestic enterprises., but also at home.MES leading enterprise.

(Source: Open Source Securities)

　　Open source securities pointed out that MES, as a production information management system, has a short development time. Compared with foreign countries, domestic MES software products still have a certain gap in technical depth and application promotion, and there is still a large domestic space in the future.

　　③ AI is empowered, AIDC and big model are ready to go.

　　In recent years, the development of AIGC has brought about a vigorous demand for computing power. China ICT Institute predicts that the global computing power scale will increase by more than 50% in the next five years, which is expected to drive the construction of intelligent computing centers.

　　According to open source securities, the company has invested heavily in the research and development of AI big model+network platform in recent years:

  • 　　For many years, the company has focused on independent research and development network platforms, such as Baoliandeng xIn3Plat, AI Zhongtai, xAI suite, etc., and actively promoted the research and development of steel AI model, laying the foundation stone for the development of intelligent manufacturing.

  • 　　The company is a first-tier city in China, IDC (Internet) leading, the current IDC supply and demand pattern continues to improve, and the development of AI is in the ascendant.IDC is expected to upgrade to AIDCDavis, who is expected to bring profit+valuation to the company in the future, double-clicks.

　　predict

　　Open source securities predicts that the company will realize from 2023 to 2025.Guimu2.586/3.272/4.270 billion yuan,Year-on-year growth of 18.3%/26.5%/30.5%, PE is 39.2/31.0/23.8 times.

(Source: Open Source Securities)

　　Open-source securities also suggested that the promotion and application of large-scale PLC control systems were lower than expected, industrial development was lower than expected, IDC development was lower than expected and other risk factors.

　　First coverage, give the company a "buy" rating.

　　Recently, the research report was released for the first time.（688041.SH）, give a "buy" rating.

　　According to public information, the company is mainly engaged in research and development, design and sales of high-end processors in computing and storage devices such as servers and workstations, and its main products include Sea Light General Processor (CPU) and Sea Light Co-processor (DCU). The company belongs to the state-owned enterprise type and is the first echelon made in China.

　　Nancai financial terminal shows that it closed on February 22.Closing up 3.85%, reported 82.83 yuan/share. Recently, the company’s share price has risen sharply.Since FebruaryHas risen by nearly 25%.

(Source: Nancai Financial Terminal)

　　① The first echelon in China

　　Haiguang Information was authorized by AMD X86 architecture technology in 2016, and on this basis, it realized independent iteration and launched self-developed CPU and DCU products. It is pointed out that the company is the domestic X86 CPU leader, belongs to the first echelon of domestic AI chips, and is one of the few domestic CPU and DCU companies that simultaneously open to the commercial market.

　　Thanks to strong products, the company’s revenue and net profit increased significantly.From 2018 to 2022, Haiguang’s revenue increased by 106 times. In 2023, the performance continued to increase steadily. According to the company’s 2023 annual performance forecast, it is estimated that the annual revenue will increase by 10.82%-22.14%, and the net profit returned to the mother will increase by 46.85%-64.27%.

　　② The industry is expected to open up the domestic CPU market space.

　　According to IDC data, X86 servers account for a high proportion of server shipments because of their most complete architecture ecology. China’s X86 server shipments are expected to continue to increase steadily in the future. It is estimated that by 2025, China’s X86 server chip shipments will reach 10.66 million pieces.

(Source: soochow securities)

　　The X86 CPU market started late in China, and domestic enterprises have less market share. However, with the arrival of the domestic innovation trend of server bidding, in the future, soochow securities believes that with the increasing proportion of industry innovation, it is expected that the party, government and central state-owned enterprises will realize comprehensive domestic innovation by 2027.The company is expected to open up domestic space through industry innovation, and the demand for servers will increase..

　　According to the statistics of soochow securities, in 2022, the proportion of domestic server bidding in some central state-owned enterprises will reach more than 30%. In 2023,, operators and other central state-owned enterprises to release pure domestic server bidding. amongHaiguang Information and Huawei are the two major suppliers of Xinchuang servers in the industry..

　　③ AI technology changes, the company’s DCU business welcomes opportunities.

　　With the continuous change of AI technology, the market demand for AI chips and computing power has expanded beyond expectations. According to IDC data, it is estimated that the shipment of chips in China will reach 1.335 million pieces in 2023, a year-on-year increase of 22.5%.

　　The demand for domestic innovation of AI chips is urgent. Since last year, a number of policies have been introduced to support domestic AI chip products.Dongguan Securities is optimistic about Haiguang Information as the first echelon of domestic AI chips, fully benefiting from the acceleration of domestic innovation of AI chips, and DCU business has ushered in a second growth curve.

　　According to the organization, at present, the company’s Haiguang DCU is based on GPGPU architecture and is compatible with the general "CUDA-like" environment. In terms of performance, the performance of FP64 of Haiguang DCU Shensuan No.1 product can reach.The A100 launched in 2020 and the MI100 launched by AMD in 2020 have improved the performance of the second generation products by 100%, and the third generation products are expected to be launched in 2024. In terms of commercial applications, the company’s DCU products have been certified by Internet companies such as Alibaba and Alibaba, and a joint scheme has been launched.

(Source: soochow securities)

　　Performance forecast

　　Soochow securities predicted that the net profit of the company’s homecoming from 2023 to 2025 would be 1.244/1.749/2.379 billion yuan respectively, up by 54.77%/40.64%/36.00% year-on-year.

(Source: soochow securities)

　　Soochow securities also pointed out the risk factors such as policy support, technology research and development, and AI development.

　　(The content of this article comes from licensed securities institutions, and does not constitute any investment advice, nor does it represent the platform’s point of view. Investors are requested to make independent judgments and decisions. )

Xincheng Branch of Yizheng Market Supervision Bureau of Jiangsu Province carried out special inspection on the quality and safety of fireworks and firecrackers.

Up to now, four fireworks and firecrackers sales units have been inspected, and no illegal activities have been found yet. In the next step, Xincheng Branch of Yizheng Market Supervision Bureau of Jiangsu Province will continue to strengthen the quality supervision of fireworks and firecrackers, severely crack down on illegal activities of selling fake and shoddy fireworks and firecrackers, standardize the market operation order, and ensure the safety of market consumption. (Qi Qi, Market Supervision Bureau, Yizheng City, Jiangsu Province)

Jorjevich： We are moving forward according to our own plan to get better.

Live on August 5th, China beat Cape Verde 86-66 in the Italian Trentino Cup (warm-up match). After the game, China men’s basketball coach Jorjevich accepted an interview with the media.

Qiao Shuai said: "The opponents are in good health. They have the most dominant center in Europe, tavares. In the last three or four years, he has been very dominant. We have done a good job in defense. We are moving forward according to our own plan, and we want to become better. This is the best we can do now, and we will wait and see tomorrow. "

At 2: 30am on August 6th, the final of the Trentino Cup warm-up match will be played between the China men’s basketball team and the Italian men’s basketball team.

Congratulations to Yu Hanchao! The 36-year-old legendary state is brave and recognized by jankovic. It is not a dream to return to the national football team.

In the 8th round of Chinese Super League, Shanghai Shenhua drew 1-1 with Beijing Guoan at home. As the oldest player to start Shenhua, Yu Hanchao, 36, showed great courage and was very satisfied with the result, even though Shanghai Shenhua didn’t score three goals. The veteran is one step closer to returning to the national team.

Also in this game, Yu Hanchao continued his recent excellent performance. In the 18th minute of the first half, he scored a world-class volley outside the penalty area, which helped Han Jiaqi, a young goalkeeper of Beijing Guoan team, score. This is Yu Hanchao’s third goal this season, tied with Marele as the top scorer. Of these three goals, only one directly gave Shenhua three points, but Shanghai Shenhua, above the 1-0 doctrine, can have a stable scorer like Yu Hanchao, which is much bigger than the data shows.

Although he is 36 years old, Yu Hanchao has a magical old age. Not only is his attack strong, but his physical condition is comparable to that of young players. Even in this game, he is 90 years old. Minutes and continue to play. Playing two games in a row is very rare for an old man of his age.

In fact, Yu Hanchao’s performance last year was excellent. Scoring 5 goals in the whole season is one of the most important attack points of Shenhua except Bassogo. With three goals, they have a good chance of surpassing last year. Such an excellent performance naturally attracted the attention of the national football team. According to Pei Li, a well-known football reporter, the national football coach jankovic also recognized Yu Hanchao’s performance. It is reported that Han Chao will not return to the national team. Have a dream

From the technical and tactical point of view, Yu Hanchao is indeed a very valuable player in the national football team. Yu Hanchao is one of the few players in China who can play both offense and defense. His goal on the wing is a must for a local player, and it is definitely a very important trait for him. It is also natural to pay attention to this veteran.

Is it worth it？ After Guashuai took over, Manchester City’s net transfer expenditure was 478 million pounds, and it won five Premier League titles in seven years.

Arsenal lost to Nottingham Forest and Manchester City locked in the Premier League title ahead of schedule. This is the fifth Premier League champion of Manchester City since Guardiola took the helm.

Guardiola officially became the coach of Manchester City in 2016. In the past seven years, Manchester City spent 1.074 billion pounds on transfer, 596 million pounds on transfer income and 478 million pounds on net expenditure, with an average net expenditure of about 68 million pounds per season.

In the past seven years, Gua-style Manchester City has won 12 championships (5 Premiership, 4 League Cups, 1 FA Cup and 2 Community Shield Cups), but it has not won the Champions League yet.

Messi is leaving and teammate Neymar wants to move to the Premier League. Which Premier League team is the best one？

When it comes to the five major leagues, the first thing that comes to mind is the Premier League, where world-class stars gather. "For Paris, French giants. Although this team is a French team, it has achieved good results in international competitions such as the Champions League. On the contrary, with the world superstars like Messi, Neymar and Mbappé, Messi teammate Neymar didn’t mean to leave the team at first, but he finally understood that he also wanted to move to the Premier League. Which Premier League is most suitable for the development of Neymar?

Rumors of Neymar’s transfer have become a hot topic in football. The Brazilian international has enjoyed a successful career with Paris Saint-Germain, but recent reports indicate that he wants to move to the Premier League. It is reported that Neymar’s desire to move to the Premier League has been going on for some time. It is reported that Paris Saint-Germain is willing to accept a loan agreement with a buyout clause. So which teams in the Premier League are suitable for Neymar?

First of all, it should be made clear that Neymar is an excellent football player. Whether he stays in Paris or goes to other leagues should not affect his performance on the court. Every Premier League team wants to sign this talented player.

In terms of team strength, the Premier League giants may be more suitable for Neymar than other leagues. Manchester City and Liverpool are currently considered as the two most likely teams to sign Neymar. Both furniture and music departments have first-class talents and strong economy, which can provide a more comfortable environment and higher salary for Neymar. The two furniture clubs also performed well in the Champions League and became one of the potential destinations in Neymar. But in addition to these two clubs, other teams in the Premier League also have strength that cannot be ignored. For example, teams like Chelsea, Arsenal and Tottenham all have excellent players and strong economies. These teams may also be Neymar’s next home.

In addition, Neymar’s own will will also be an important factor. If he wants to stay in Paris Saint-Germain, other teams in the Premier League may need to work harder to get him. But if he really wants to try in other leagues, other Premier League teams may come to him then.

When it comes to sports, Huang believes that the French team once had world superstars such as Mbappé, Messi and Neymar, but now two of them are about to leave. "In the past, no one believed that Messi would leave." "The club is unhappy and it seems only a matter of time before he leaves. Now Neymar wants to leave and join the Premier League. At first he didn’t want to go, but now he wants to go. " Any team in the Premier League must make a lot of efforts and perseverance to sign Neymar. But if Neymar finally chooses to join a Premier League team, the team will undoubtedly benefit from the acquisition of a top player. We also look forward to seeing Neymar’s wonderful performance in the Premier League, bringing more surprises and passion to the fans. Do you still like Neymar?

This article is an original article about sports by Huang Qiang. Please do not reprint. Offenders will be held accountable. The picture material comes from the network. If you have any questions, please contact the author to delete.

Oladipo fell down again because of injury. What is the geometry of the wound on the former ＂Panther＂？

Today, the Heat beat the Bucks again, and the total score of the series was 2-1. It was originally a great happy event, but it was not so happy to put it on the Heat’s head. The reason is that Oladipo was injured again, and the injury worried them. A simple layup in the fourth quarter, but Oladipo sat on the floor and couldn’t move. When he was carried off the field by his teammates, the Heat bowed their heads and prayed for him. The injury has knocked Oladipo down, and he is no longer brave.

Oladipo slipped during the layup and hurt his left knee. It’s really a bad year for the Heat. After two victories, two generals were injured, and the G1 victory was directly reimbursed by Hiro due to injury season. There is also no letter brother in the other team for two consecutive games, but he can still come back. After the injury, Oladipo retained his last stubbornness. He waved the stretcher away and limped off the field with the help of his teammates.

Heat coach Spoelstra said after the game: "We still don’t know his specific situation. We will have a specific examination tomorrow. I feel the same with everyone. This is a great victory, especially when you see a player fall like this, especially a player who has experienced a lot like Oladipo. I don’t know the specific situation now. " Adebayor released a piece of good news: "We haven’t got the latest information about Oladipo, but I think he will be fine because he can still walk."

Oladipo once brought beautiful enjoyment to the fans. In his early years in Magic and Thunder, his performance was very good. In the second season, he had already secured his starting position, but people were waiting for his carp yue longmen’s jump. Joining the Pacers in the 2017-18 season, he finally ushered in a leap season, averaging 23.1 points, 5.2 rebounds, 4.3 assists and 2.4 steals in the league. He was selected as the All-Star, the best team and the best defensive team for the first time and was elected as the player with the fastest progress.

In the 2018-19 season, he almost copied everything from last season, except for injuries. He has rested for 11 games at the beginning of the season, but the watershed of his career still appeared on January 24 at home against the Raptors. In this game, he accidentally tore the tendon of his right knee during a defense. The team doctor immediately covered his knee with a towel, and the Pacers later announced that Oladipo would be reimbursed for the injury season.

A rising star of the League in Ran Ran has been interacting with his sickbed all the year round. After a long period of recovery, Oladipo spent the second half of the season, the playoffs, the offseason and the initial stage of the new season, and only announced his comeback at the end of January 2020, and soon participated in the playoffs with the team.

Over time, Oladipo became interested in the South Coast Heat, which was reflected in the playoffs of the previous season. He will talk to Butler, Adebayor and others in the game. So, the Pacers took part in the Harden trade and sent Oladipo to the Rockets. The Rockets didn’t force anyone to stay, and sent Oladipo, who played for the team for 20 games, to the Heat.

But the fresh energy of coming to the Heat hasn’t passed yet, and Oladipo has to give in to injuries. The day before, he was injured in the game against the Lakers. The next day, the bad news came. Oladipo underwent quadriceps tendon repair surgery and was reimbursed for the season. This is the second season reimbursement of Oladipo’s career.

This time, Oladipo took a longer rest, and it didn’t arrive until March of the following year. Oladipo, who played eight games without stopping in the regular season, became a new force on the bench after the playoffs. After three games at the beginning of the playoffs, Oladipo didn’t fall down from the first round G4, and he met the Celtics all the way to Dongjue healthily, which is rare for him to linger on his deathbed all the year round.

In the 24 games before this season, Oladipo took a leave of absence, and it was not until December 2022 that he went into battle again. I didn’t expect to be hit by an injury today. Since the 2018-19 season, Oladipo’s attendance rate is only 35.3%, which is relatively low.

Low attendance sometimes makes players have a wrong self-perception. Oladipo’s current contract is 8.75 million yuan, and 9.45 million yuan in the last year needs him to implement the player option to get it. So far, he has no reason not to fulfill it. In his early years, when his four-year contract of $84 million expired, the Pacers offered him four years of 80 million and four years of 130 million, both of which were rejected by him. Later, the Rockets also offered him a two-year contract extension of $45 million, which of course was rejected by him. Today, I wonder if he will regret signing a basic salary with the Heat for one year.

In the NBA, there are many stars who linger on the sickbed prematurely because of injuries and have lost their prestige in the past. Oladipo will not be the last one. In his early years, he fell at the peak of his career, which was linked with endless rehabilitation, slowly melting away the last glimmer of glory and the last trace of disobedience. Unfortunately, Oladipo’s peak years had already ended in a hurry, leaving a lonely figure for later generations to comment on.

Rob someone! French media： The AFL is prepared to do whatever it takes to persuade Messi to join in and stop Mero from getting together.

In the second round of the quarter-final of the Champions League that ended in the middle of the week, Greater Paris lost to Bayern 0-2, and the total score was eliminated 0-3. Argentine superstar Messi failed to taste the Champions League for eight consecutive years. After being eliminated from the Champions League, the rumors about Messi’s transfer once again occupied the headlines of major media. Among them, the French media "L ‘Equipe" broke the news that Barcelona and Saudi Arabia may become Messi’s next stop, but at present, the American Professional League is taking all possible means to persuade Messi to join.

Although the 35-year-old Messi hopes to participate in the Champions League next season, some media said that the only offer he received came from Paris. For the Paris club with no ambition and the Paris fans who don’t respect themselves enough, Messi may have lost interest in staying in the team. At present, Greater Paris is facing the fate of MMN dissolution and reconstruction.

Messi’s potential next homes include Barcelona and Manchester City, but Barcelona is facing a "referee’s door" investigation. Once it is confirmed that Barcelona does have bribery, then Barcelona is likely to be deducted and disqualified from the Champions League next season. Although Guardiola has always been unable to hide his love for Messi, he has no plans to invite Messi to join. In this way, the Saudi League and the American Professional League have become Messi’s potential next homes.

Team newspaper said that Major League Baseball was ready to sign Messi at all costs, and this treatment would be comparable to Beckham’s joining Los Angeles Galaxy in 2007, that is, huge salary+franchise+Miami International (Beckham’s salary for five years was 30 million euros). The AFL wants to take Messi before the Saudis do it and stop Mero from meeting in Saudi Arabia.

Jerome Merry, the middleman between the European League and the American Professional League, confirmed this. Merry also revealed that if Messi joins, American local enterprises will flock to us. However, Merry finally said that it is unlikely that Messi will choose the American Professional League. Because Messi still has interesting sports in Paris, on the other hand, he still has the possibility of returning to Barcelona.