Which of the 25 A-share listed companies have already deployed industrial Internet?

Just past March, non-Wanxing Technology, a listed company that most attracted the attention of investors in the A-share market, was the only one. As of the close of March 31, Wanxing Technology had a cumulative increase of up to 177.02% for the month. On the 16th trading day, 11 daily limit boards were harvested. Among them, there was an astonishing 9-plate record.

Judging from the performance report, Wanxing Technology's total operating revenue in 2017 was 467,251,600 yuan, a year-on-year increase of 26.91%; the net profit attributable to the shareholders of the listed company (hereinafter referred to as net profit) was approximately RMB 71,394,100, an increase of 12.46% year-on-year. "Extremely," market analysts believe that the real driving force behind its soaring growth stems from the "Industrial Internet."

It can be said that following the Internet of Things and intelligent manufacturing, "Industrial Internet" has become another hot word for market attention.

An expert from the Ministry of Industry and Information Technology, invited to participate in the brokerage's industrial Internet conference call, said that the industrial Internet is a new product of the fusion of a new generation of information technology and manufacturing industries. It is necessary to meet the needs of industrial intelligence and build with low delay, high reliability and coverage. The key network infrastructure with a wide range of features, and at the same time providing the emerging business model and application model of deep integration of new energy technologies and advanced manufacturing.

The expert's interpretation of the network, platform, and security systems included in the Industrial Internet is as follows:

On the one hand, the industrial Internet network system refers to the extension of connecting objects from people to the entire industrial system, the whole industry chain, and the entire value chain. Based on such connections, a series of production factors including people, objects, and enterprises are realized. Industrial design, R&D, production, management, and service are deeply interconnected. In this process, an identification solution system with positioning and information query is constructed to lay the foundation for the operation and management of industrial systems.

On the other hand, as the core of the industrial Internet, the platform system is mainly used to realize the convergence and modeling analysis of massive data, and based on this, it uses the existing knowledge and experience to carry out the optimal resource allocation for the grasp of the full-fledged elements. To achieve the purpose of providing software and modular services.

In addition, the industrial Internet needs to have a security system that protects the entire system, equipment, network, control, applications, and data, and resolves security risks.

The Essence Securities report pointed out that the traditional manufacturing industry is facing the problem of rising manpower costs and increasingly difficult profitability. Through smart manufacturing, the profitability of enterprises can be significantly improved, and the interconnection of industrial manufacturing and informationization is the ultimate realization of intelligent manufacturing. only way.

A third-party research institution stated that China had previously experienced a cycle of improvement in manufacturing efficiency, that is, the process of replacing robots with machine automation. This process has a long duration and there is room for improvement from the current stage. How to intelligently analyze smart device operation data and provide early warning to prevent sudden loss of work from smart devices. Through the Industrial Internet, there is a large probability that more efficient management and coordination of various industrial activities can be achieved.

Previously, the new Fortune Platinum Analyst Zhao Xiaoguang also expressed similar views in his review of the 70,000 word-long articles he had studied in the past 10 years. “The subsequent launch of the Internet of Things should start with Industry 4.0. I firmly believe that the Industrial Internet of Things will achieve a significant increase in manufacturing efficiency. In the past, industrial enterprises won with manufacturing processes and control yields, and in the future, this cannot be a core competition. The combination of the Internet of Things and industry will surely be realized through data flow, where the data come from, how it will be handled, and where it is going to be the core analysis system.” Although he was only focusing on the combination of industry and the Internet of Things, it is not difficult to see that As an important part of the industrial Internet, increasing efficiency through the combination of data analysis and industry is actually in line with the trend of the entire industry.

A senior person in the industry pointed out that the Industrial Internet will promote the full interconnection of the entire life cycle of the industry's total factors and links, and build a new industry-driven ecology, which is expected to produce all-round, in-depth and revolutionary industrial development in the future. This is also the reason why many countries in the world have already taken the lead in distribution. At the same time, it is also a product of the deep integration of internet big data, artificial intelligence and the real economy. It is expected to promote the manufacturing system to achieve a wider range, higher efficiency, and more accurate optimization configuration.

Judging from the current situation, China's industrial Internet has formed a good situation in which pioneer companies actively explore, industry collaborates closely, and the government advances.

At the industrial level, the multi-sectoral and collaborative ecosystem is gradually emerging. According to the guests invited by the brokerage conference call, the industrial Internet industry has now formed an industry alliance with 507 members, and has formulated 10 standards and built 34 industrial Internet test beds, whether they are standards or test beds, for the future. The large-scale development of the industrial Internet has laid a very good foundation for expansion in more fields.

At the same time, as far as he knows, at the enterprise level, there are many market players actively participating and exploring. Independent products and solutions involving networks, platforms, and security systems are emerging. It is now possible to form a scale commercial industrial Internet platform. The number has exceeded 30. The deployment and application in aerospace, equipment manufacturing, information electronics and other industries are accelerating. At the same time, in addition to home appliances, clothing, machinery, and other fields that have been applied maturely, intelligent production, networked collaboration, personalized customization and other industrial Internet The new model and new business model have gradually begun to penetrate into a wider range of fields such as aircraft, petrochemical, steel, rubber, and industrial logistics.

At present, many large-scale manufacturing companies are laying out early and seek to use the industrial Internet to reshape their core competitiveness. According to statistics, a total of 25 A-share listed companies have conducted relevant arrangements at this stage. The specific conditions are as follows:

From the current situation, the above companies mainly include four types.

01. Equipment and Automation Enterprises

The first category is equipment and automation companies. They rely on industrial equipment and experience to accumulate industrial internet platforms such as Shenyang Machine Tool, Hyder Control, Zhongheng Electric, Huazhong CNC, Weihong, Huanghe Cyclone, Chuanyi and Huichuan. technology.

02. Leading manufacturing company

The second category is leading manufacturing companies that originally used many advanced technologies and used industrial control most traditional technologies to optimize themselves, but next they will seek to transform the successful experience of digital transformation into platform-based service capabilities. Externally began to provide industrial Internet service platforms such as Xugong Machinery and Qingdao Haier.

03. Software companies

The third category is software enterprises. With the needs of business upgrading, with their own industrial Internet platforms, they have expanded from the relatively large software systems and platforms to expand capabilities, serve more customers and acquire more data, such as enlightening information, Hande Information, UF Network, Baosight Software and Today International.

04. Information Technology Enterprises

The fourth category is information technology enterprises, which exert technical advantages and extend the existing Internet of Things platform and big data platform to manufacturing areas, such as Gao Xinxing, Oriental Guoxin, Jiaxun Feihong, Yitong Century, Dongtu Technology, and Halo. Xinwang, Cambridge Technology, NSFOCUS, Tianyu Information and Wei Shi Tong.

According to industry insiders, there are still three urgent issues to be solved at the current stage of the Industrial Internet in China: the ability of key technologies such as industrial sensors, industrial control systems, and industrial software is still weak, and there is still a certain gap with international standards; the capacity for ecological construction is insufficient. It lacks leading enterprises with integrated solutions and coverage in the entire field, and lacks the ability to achieve the ultimate stealth championship in certain small areas. There is also a lack of protection capabilities. Besides security, there are many deficiencies, and policy protection. And support needs to be strengthened.

Regarding the above-mentioned company's business situation of the Industrial Internet and its views on the future of the Industrial Internet, the author called the above companies.

Guardian said that the company will continue to invest in security chips for the industrial control system and the IoT series in accordance with the previously planned private placement investment plan. The company is very optimistic about the prospects of the industrial Internet, and there will be a suitable opportunity for the future to increase this area. investment.

Jiaxun Feihong also expressed the same point of view - the company is currently optimistic about the prospects of the Industrial Internet, as well as the industrial Internet phase Qingdao Haier, today International and Shenyang Machine Tool Company, but different from the above three companies to improve their own industrial Internet-related business technology They have more choices for market demand and business development.

Qingdao Haier's self-innovative CosmoPlat is the only industrial Internet platform that can be connected to the user world. It has now been copied to 12 industries, 11 regions, and 20 countries, serving more than 30,000 companies worldwide. Relevant personnel of the company stated that the company has always been trying to achieve the needs of end users, so that the user's needs can be seamlessly connected with the equipment, products and even components. He also said that many domestic SMEs currently have industrial Internet needs, and the company is expected to provide services for their respective needs in the future. However, he also admitted that although the company is optimistic about the industrial Internet, the expansion of related businesses still needs time.

Today's international personnel involved in smart logistics indicate that industrial Internet-related business is the direction of the company's future key development and deployment. Judging from the current situation, the combination of the company's smart logistics and related companies' specific practical and industrial Internet business still focuses on tobacco. As well as the lithium battery industry, the company will seek cooperation with leading companies in the cold chain, automotive, electronics and home industries in the future.

The staff of the Shenyang Machine Tool Company stated that the company’s current i5 intelligent machine tool has its own industrial Internet gene. In the future, with the injection of assets from the controlling shareholder, the company’s industrial Internet business will be on track, and at the same time, from the company's development strategy, it is aimed at market companies. Specific requirements, customization of related products is also one of the company's current considerations.

In addition, the relevant staff of Haide Controls stated that the company started its industrial Internet-related business long ago and continues to this day, but it has not suddenly entered because of the high degree of market attention. The company does not have any hot spots. .

Regarding the investment opportunities created by the Industrial Internet, an industry source who has contacted a number of professional investors stated that there are currently two different voices on the market: One faction believes that the Industrial Internet provides the key infrastructure for intelligent manufacturing and is a modern industry. Intelligent development has provided important support, and with the promulgation of a number of favorable policies at the national level, the trend of the Industrial Internet will inevitably bring about greater investment opportunities; the other group believes that the Industrial Internet is only a continuation of Industry 4.0, and the profitability of related companies. The deficiencies make it difficult to escape the suspicion of speculation.

Although there are relatively strong differences in the market, at this stage, the secondary market investors are in favor of the Industrial Internet.

Since March 24th, the Ministry of Industry and Information Technology released the “Notice of the Leading Group for the Construction of a Strong Manufacturing State of the Country on the Establishment of a Special Working Group for Industrial Internet” until March 31. The cumulative growth of the industrial Internet sector reached 24.62%, which substantially outperformed the Shanghai Composite Index and Shenzhen Stock Exchange during the same period. The index and the GEM index (-3.65%, 1.93%, and 13.8%, respectively), the share price of the above 25 companies only Xugong Machinery and Qingdao Haier cumulative gains were negative, and Haide control took the lead with 102.45% gains. There are also five companies that have registered a cumulative increase of more than 30%.

However, from the perspective of performance and valuation, the above company's situation can only be said to be unsatisfactory.

Judging from the 2017 performance of 23 companies that have announced the annual report or annual report performance forecast, the growth rate of net profit of the 12 companies was less than 30% year-on-year, half of the company's net profit was below 200 million yuan, and 7 companies were even less than 100 million yuan. According to the consensus forecast of the net profit of the securities companies in 2018, although 11 net profits of 18 companies grew by more than 30% year-on-year, combined with forecasted PE, 13 companies exceeded 30 times (of which 9 were over 35 times. ), even beyond the current median forecast of PE in the Industry 4.0 sector (26.14 times), valuation is not cheap.

At present, the industrial Internet has helped manufacturers reduce costs and improve efficiency. However, considering that the industry’s industrial Internet business is currently difficult to release quickly, investors still need to be aware of possible market speculation risks. . The business segments of the customs are focused on cloud platforms and big data segments. Through the industrial cloud platform as well as the Big Data Corporation and most railway bureaus across the country, effective business coverage was achieved, and at the same time, companies in the defense-related business also gained some gains. In the future, the company will also choose to increase investment in the business related to the industrial Internet.

Xugong Machinery disclosed the non-public offering plan in the evening of December 12, 2016. The company plans to raise funds of 5.156 billion yuan, which is mainly used for high-end equipment intelligent manufacturing projects, environmental industry projects, engineering machinery upgrades and internationalization projects, and XCMG machinery industry internetization. Enhancing Projects and Capital Increases Xugong Group Finance Co., Ltd. Although the targeted additional issuance has not yet been completed, the company’s relevant personnel stated that the Industrial Internet is the key investment direction of the company in the future, but for the specific fund-raising projects, the personnel said it was inconvenient to disclose, and all the announcements disclosed by the company shall prevail.

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