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Before we know it, digitalization has gradually penetrated into every corner of our lives.
When you wake up in the morning, the smart home automatically adjusts the indoor light and temperature according to your sleep quality and weather conditions. You pick up your phone, tap the screen, and you're browsing the latest news and social updates. When you go out, you don't have to worry about getting lost, because the high-precision map will plan the best route for you in real time. In the office, you can use the current hot ChatGPT and Sora to support your work, and so on.
While digital technology has changed our daily habits and lifestyles, it has also brewed the "gluttonous feast" of the digital industry, bringing an investment feast to the capital market.
At present, it is the time when China's digital industry is mixed** (Category A: 019829; Class C: 019830), we take this opportunity to look forward to the future prospects and investment opportunities of the digital industry, and how ordinary investors can participate in sharing the dividends of the digital economy.
The topic of digital industry can be traced back to 1993, when the United States launched the construction of the "information superhighway" that has a far-reaching impact on the development of science and technology and economic development in the 21st century, making the United States the first "country on the Internet", giving birth to a large number of innovative enterprises in the digital industry, and opening the prelude to the competition in the global digital industry.
Speaking of which, you can start by looking at a set of rankings. The top 10 companies in the world by market capitalization in 2023 are: Apple, Microsoft, Saudi Aramco, Google's parent company Alphabet, Amazon, Nvidia, Tesla, Berkshire Hathaway, Meta, and the newly promoted TSMC.
Of these, eight companies are in the digital industry and seven are listed in the United States. Surprisingly, in 2010, only one of the world's top 10 companies by market capitalization was a digital company. (Data from financial services provider City Index, as of 2023.)12.31）
Digital industry-related companies have sprung up, and their growth is not as fast as usual. Having said so much about the digital industry, what is the digital industry? To put it simply, the digital industry is mainly to provide digital technologies, products, services, infrastructure and solutions for the digital development of the industry, as well as various economic activities that completely rely on digital technology and data elements, which is the foundation of the development of the digital economy.
In May 2021, the National Bureau of Statistics publicly released the Statistical Classification of Digital Economy and Its Core Industries (2021), which identified the scope of the digital industry as four sectors: digital product manufacturing, digital product services, digital technology applications, and digital elements.
Source**: Statistical Classification of Digital Economy and Its Core Industries (2021), National Bureau of Statistics.
The digital industry has largely changed the economic structure of the 21st century. In the case of a car in the industrial age, the most valuable part is the engine and gearbox, and in the era of the digital economy, data-based network connectivity and intelligent services will become the most valuable part of a car.
It is precisely because the digital economy reflects the latest scientific and technological development and shows the unique strategic position of the digital industry that many countries are scrambling to develop the digital economy and increase the layout of the digital industry. It can be said that in the international economic competition in the next two or three decades, the digital economy and digital industry are not only the key areas that cannot be bypassed, but also the highland that must be fought for by the strategic victory of all countries.
In recent years, especially since 2011, the digital industry has gradually become the focus of China's policy efforts, and the support has continued to increase.
In 2018, the Office of the CPC Central Committee and the Office of the State Council issued the Outline of the Strategy for the Development of the Digital Economy; In 2023, the "Overall Layout Plan for the Construction of Digital China" will be released to clarify the pillar status of the digital industry. Under the continuous promotion of policies, China's digital economy has made full efforts and developed rapidly, and the digital industry has become the "locomotive" driving China's economic development.
Chart: Digital economy as a share of GDP
Data**: China Academy of Information and Communications Technology, Minmetals Research Institute.
Globally, China's digital economy is second only to the United States and second in the world! The scale of China's digital economy has grown from 11 trillion yuan in 2012 to 50 trillion yuan in 20222 trillion yuan, has been significantly higher than the nominal growth rate of China's GDP in the same period for 11 consecutive years. In 2022, the proportion of the digital economy in China's GDP is equivalent to the proportion of the secondary industry in the national economy, reaching more than 40%. (Data from the China Academy of Information and Communications Technology, as of 2022.)12.31）
Although China's digital economy is developing rapidly, there are still many links in the digital industry that urgently need breakthroughs.
For example, active digital economic activities are mainly limited to low-level business models such as online shopping, social entertainment, and platform applications, and there is a need for breakthroughs in hard technology, and many key core technologies are still controlled by others, and the problem of "stuck neck" technology is very prominent. The degree of informatization and digitalization in the manufacturing industry is still low, and industrial transformation and upgrading are still on the way, etc.
Looking forward to the future, the development prospects of China's digital industry are very broad. The "14th Five-Year Plan" emphasizes that the digital economy is the main economic form after the agricultural economy and the industrial economy, and proposes that "by 2025, the added value of the core industries of the digital economy will account for 10% of GDP", and vigorously developing the digital economy has become an important task during the "14th Five-Year Plan" period.
During the Spring Festival, OpenAI released the SORA Wensheng model, which initially broke the boundary between virtual and reality. At present, the iteration speed of artificial intelligence may far exceed any round of industrial trends, leading the digital industry into a period of rapid development. Therefore, many investors have begun to rush to the layout in the secondary market.
According to public information, Huaxia Digital Industry Mixed (Class A: 019829; Class C: 019830) is an active equity that can invest in both A-shares and Hong Kong stocks**, focusing on the new generation of information technology and future industries driven by the digital economy, focusing on information technology and advanced manufacturing as the key investment neighborhood, mainly capturing enterprises in the rapid growth period and stable growth period.
The proposed manager is Tu Huanyu, a powerful faction in the Mesozoic Era. Tu Huanyu in my opinion is a theoretical research and research of the top manager, the past resume is Tsinghua University Department of Electronic Engineering Electronic Engineering and Tsinghua University PBC School of Finance Master of Finance, after graduation in 2015 joined Huaxia **, for many years focus on the research of cutting-edge assets of science and technology, the industry covers Shanghai, Hong Kong and Shenzhen computer, software, China concept stock interconnection, communications, electronics, new energy fields and some overseas science and technology research.
At present, Tu Huanyu serves as the leader of the science and technology group, the leader of the innovation frontier group, and the leader of the Internet research team of the Huaxia Research Department, managing many ** enterprises such as Huaxia Innovation Frontier and Huaxia Internet Leader.
In the "roller coaster" in recent years, Tu Huanyu has shown good investment strength with his solid research skills. As of the end of December 2023, Tu Huanyu's products under management Huaxia Innovation Frontier have accumulated 3426%, with an annualized return of 811%！
With its excellent performance, the product has won the three-year and five-year "Gold" awards, the three-year continuous return "Star" award, and has been rated as a five-year five-star rating by the three major rating agencies of Galaxy, Haitong and Morningstar.
In the management products, Tu Huanyu focuses on industrial trends, focuses on investing in early-growth companies and fast-growing industries, and demonstrates excellent stock selection and risk management capabilities. He has a unique understanding of the technology cycle, believing that the biggest investment opportunities in the technology industry come from the industrial cycle driven by technological change, and the easiest and highest winning strategy is to find the beneficiary companies that are most compliant with the technology cycle and hold them firmly.
Looking ahead, Tu Huanyu said that he would focus on three investment opportunities:
First, the semiconductor equipment and materials and industry information innovation with relatively high prosperity and relatively guaranteed performance; second, advanced manufacturing and service industries go overseas; The third is the current low-value Internet high-quality leader**, in addition to the AI will have a certain configuration.
At present, with the rise of AI technology and the digital industry entering a new stage of development, investors who want to grasp the investment opportunities in the digital industry are issuing the Huaxia Digital Industry Hybrid (Class A: 019829; Class C: 019830) may wish to pay attention to it.
End of full text).Risk Warning: **There is a risk, and you need to be cautious when investing. Before making an investment decision, investors should carefully read the legal documents and risk disclosure documents such as the contract, the prospectus and the product key facts statement, fully understand the risk-return characteristics and product characteristics of the product, carefully consider the various risk factors existing in the company, and fully consider their own risk tolerance according to their own investment objectives, investment period, investment experience, asset status and other factors, and on the basis of understanding the product situation and sales suitability opinions, Rational judgment and prudent investment decisions.
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