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國君通信:國資雲發展加速,關注IaaS產業鏈機會

本文來自格隆匯專欄: 國泰君安證券研究,作者:王彥龍、譚佩雯

浙江、四川、天津等省市紛紛加速推進國資雲。2021年3月,浙江省國資委啟動“國資國企數字化監管應用”項目建設,明確由浙江省國資委控股的杭鋼股份承擔起本省國資雲IDC機房的建設與維護運行;2021年4月,四川省政府國有資產監督管理委員會正式發佈國資雲;近期天津市國資委發佈《關於加快推進國企上雲工作完善國資雲體系建設的實施方案》,要求國資企業逐步向國資雲平台遷移,企業已部署在第三方公有云平台的信息系統,租約到期日起2個月內全部遷移至國資雲。

國資雲IaaS層建設由各省市國資主導建設,目的在於保護數據安全。天津《實施方案》提出國企數據資源屬於國有資產,應納入國資監管和統一管理。國資雲將會運行在具備國資背景、滿足二級等級保護要求的IDC機房中,各省市政府或將通過新建和加強對現存IDC機房資源的管控力度來強化對IaaS層和數據安全的掌控。

有望帶來IDC、服務器、交換機、光模塊等IaaS產業鏈相關機會。雲計算IaaS層面建設按“IDC基建- >光網絡佈局- >服務器、交換機”展開,國資雲發展加速有望帶來增量和結構變化的需求,同時可能參與合作建設運營的運營商也有望受益。

投資建議:(1)國資背景的IDC:推薦寶信軟件、數據港,受益標的為特發信息、杭鋼股份、銅牛信息、雲賽智聯、美利雲等;(2)服務器及交換機:推薦星網鋭捷,受益標的為紫光股份、浪潮信息等;(3)光模塊:推薦新易盛、光迅科技;(4)運營商:推薦中國移動H股、中國電信H股、中國聯通A/H股。

風險提示:政策推進或不及預期,市場競爭加劇。

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