Company Overview - Dongxin Peace Technology Co., Ltd. is located in Zhuhai, Guangdong Province, established on October 20, 1998, and listed on July 13, 2004. The company specializes in the production and sales of mobile communication smart cards, contactless smart cards, and supporting application systems [1]. - The main business revenue composition includes: smart card products 71.47%, digital security and platform business 27.05%, and others 1.48% [1]. Stock Performance - On August 29, Dongxin Peace's stock fell by 5.01%, trading at 28.80 yuan per share, with a transaction volume of 1.294 billion yuan and a turnover rate of 7.49%. The total market capitalization is 16.716 billion yuan [1]. Shareholder Information - Among the top ten circulating shareholders of Dongxin Peace, Huabao Fund's Huabao CSI Financial Technology Theme ETF (159851) increased its holdings by 295,200 shares in the second quarter, holding a total of 2.9987 million shares, accounting for 0.52% of the circulating shares [2]. - The estimated floating loss for Huabao CSI Financial Technology Theme ETF today is approximately 4.558 million yuan [2]. Fund Manager Performance - The fund manager of Huabao CSI Financial Technology Theme ETF, Chen Jianhua, has a cumulative tenure of 12 years and 254 days, with a total fund asset size of 15.533 billion yuan. The best fund return during his tenure is 152.16%, while the worst is -49.65% [3]. - Co-manager Cao Xucheng has a tenure of 100 days, with a total fund asset size of 17.626 billion yuan. His best fund return is 87.67%, and the worst is 12.26% [3].

Group 1 - The core viewpoint of the news is that Dongxin Peace experienced a decline in stock price, dropping by 5.01% to 28.80 CNY per share, with a trading volume of 1.294 billion CNY and a turnover rate of 7.49%, resulting in a total market capitalization of 16.716 billion CNY [1] - Dongxin Peace Technology Co., Ltd. is located in Zhuhai, Guangdong Province, established on October 20, 1998, and listed on July 13, 2004. The company's main business involves the production and sale of mobile communication smart cards, contactless smart cards, and supporting application systems [1] - The revenue composition of Dongxin Peace includes 71.47% from smart card products, 27.05% from digital security and platform business, and 1.48% from other sources [1] Group 2 - From the perspective of fund holdings, one fund under ICBC Credit Suisse has Dongxin Peace as its top holding, with the Guozheng 2000 ETF fund (159543) holding 15,800 shares, accounting for 0.64% of the fund's net value, resulting in an estimated floating loss of approximately 24,000 CNY [2] - The Guozheng 2000 ETF fund (159543) was established on November 9, 2023, with a latest scale of 45.6395 million CNY. Year-to-date, it has achieved a return of 33.9%, ranking 988 out of 4222 in its category; over the past year, it has returned 78.74%, ranking 864 out of 3776; and since inception, it has returned 28.96% [2] - The fund manager of Guozheng 2000 ETF is Liu Zihao, who has been in the position for 2 years and 141 days, managing total assets of 3.318 billion CNY, with the best fund return during his tenure being 72.08% and the worst being -2.03% [2]

Core Viewpoint - Dongxin Peace experienced a 5% decline in stock price, closing at 30.40 CNY per share, with a trading volume of 1.106 billion CNY and a turnover rate of 6.20%, resulting in a total market capitalization of 17.645 billion CNY [1] Company Overview - Dongxin Peace Technology Co., Ltd. is located in Zhuhai, Guangdong Province, established on October 20, 1998, and listed on July 13, 2004. The company specializes in the production and sale of mobile communication smart cards, contactless smart cards, and supporting application systems [1] - The revenue composition of the company includes: smart card products 71.47%, digital security and platform business 27.05%, and others 1.48% [1] Shareholder Information - Among the top ten circulating shareholders of Dongxin Peace, Huabao Fund's Huabao CSI Financial Technology Theme ETF (159851) increased its holdings by 295,200 shares in Q2, holding a total of 2,998,700 shares, which accounts for 0.52% of the circulating shares [2] - The Huabao CSI Financial Technology Theme ETF (159851) was established on March 4, 2021, with a latest scale of 5.731 billion CNY. Year-to-date return is 38.79%, ranking 488 out of 4222 in its category; the one-year return is 180.2%, ranking 1 out of 3776; and since inception, the return is 98.66% [2] - The fund managers of Huabao CSI Financial Technology Theme ETF are Chen Jianhua and Cao Xucheng. Chen Jianhua has a cumulative tenure of 12 years and 253 days, with a total fund asset scale of 15.533 billion CNY, achieving a best fund return of 148.72% and a worst return of -49.65% during his tenure [2] - Cao Xucheng has a cumulative tenure of 99 days, with a total fund asset scale of 17.626 billion CNY, achieving a best fund return of 74.87% and a worst return of 14.69% during his tenure [2]

Core Viewpoint - The company is actively monitoring advancements in cutting-edge technologies and is strategically planning its business development in response to market trends [2]. Group 1: Company Performance - As of August 27, 2025, the company's stock price closed at 32.0 yuan, reflecting a slight increase of 0.13% with a turnover rate of 17.15% and a trading volume of 994,600 shares, resulting in a transaction value of 3.058 billion yuan [1]. - The company reported that its production and operational conditions are normal, despite fluctuations in the stock market influenced by various factors [2]. Group 2: Market Activity - On August 27, the company experienced a net outflow of 52.8033 million yuan from institutional investors and a net outflow of 92.8538 million yuan from speculative investors, while retail investors saw a net inflow of 146 million yuan [2].

财报体检工具显示： | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 7.21亿 | 6.4亿 | -11.24% | | 归母净利润(元) | 7929.68万 | 8046.67万 | 1.48% | | 扣非净利润(元) | 7487.68万 | 1 7379.06万 | -1.45% | | 货币资金(元) | 18.27亿 | ﻛ 18.55 Z | 1.52% | | 应收账款(元) | 1.95亿 | 1.8亿 | -7.89% | | 有息负债(元) | 213.45万 | 149.53万 | -29.95% | | 毛利率 | 31.80% | 35.25% | 10.86% | | 净利率 | 11.14% | 12.62% | 13.29% | | 三费占营收比 | 7.38% | 7.87% | 6.53% | | 每股净资产 (元) | 2.83 | 3 | 5.75% | | 每股收益(元) | 0.14 | 0.14 | 1.46% | | 每股经营性现金流(元) | 0.2 | 0. ...

Core Viewpoint - Dongxin Peace (002017) reported a decline in total revenue for the first half of 2025, while net profit showed a slight increase, indicating mixed financial performance amid challenges in revenue generation [1]. Financial Performance - Total revenue for the first half of 2025 was 640 million yuan, a decrease of 11.24% compared to 721 million yuan in the same period of 2024 [1]. - Net profit attributable to shareholders reached 80.47 million yuan, reflecting a year-on-year increase of 1.48% from 79.30 million yuan [1]. - In Q2 2025, total revenue was 319 million yuan, down 11.65% year-on-year, while net profit was 33.53 million yuan, a decline of 5.8% [1]. - Gross margin improved to 35.25%, up 10.86% year-on-year, and net margin increased to 12.62%, up 13.29% year-on-year [1]. - Total expenses (selling, administrative, and financial) amounted to 50.34 million yuan, accounting for 7.87% of revenue, an increase of 6.53% year-on-year [1]. Cash Flow and Assets - Operating cash flow per share decreased to 0.11 yuan, down 46.14% year-on-year, attributed to reduced revenue and cash receipts [1][2]. - The net increase in cash and cash equivalents dropped by 293.85%, also due to decreased operating cash flow [2]. - Cash assets remain healthy, indicating a strong liquidity position [4]. Business Model and Strategy - The company's performance is primarily driven by research and development, necessitating a thorough examination of the underlying drivers of this growth [5]. - The company has developed a blockchain-enabled SIM card (BSIM) in collaboration with China Telecom Research Institute and Shanghai Shutu Research Institute, indicating a focus on innovative product offerings [7]. Investment Metrics - The company's return on invested capital (ROIC) was 9.96%, with a historical median ROIC of 3.37% over the past decade, suggesting average capital returns [3]. - The net profit margin for the previous year was 13.81%, indicating a relatively high value-added in products or services [3]. - The accounts receivable ratio to profit reached 94.85%, highlighting potential concerns regarding receivables management [7].

Core Viewpoint - Dongxin Peace's stock price has decreased by 6.06% to 31.96 yuan, indicating a downward trend in the market [1] Company Overview - Dongxin Peace operates in the communication equipment industry, focusing on smart cards and digital identity security [1] - The company maintains stable partnerships with major domestic telecom operators and has expanded its client base in the financial sector, including several commercial banks [1] - Market share in the social security sector continues to grow, and the company has successfully entered new overseas markets in the Middle East, Africa, Southeast Asia, and South America [1] Financial Performance - For the first half of 2025, the company reported a revenue of 640 million yuan, a year-on-year decrease of 11.24% [1] - The net profit attributable to shareholders was 80.47 million yuan, reflecting a year-on-year increase of 1.48% [1] - Revenue from the smart card business was 457 million yuan, down 15.88% year-on-year, while revenue from digital security and platform services was 173 million yuan, up 2.95% [1] - The net cash flow from operating activities was 61.76 million yuan, a decline of 46.14% year-on-year [1] Market Activity - On August 26, the net outflow of main funds was 281.93 million yuan, accounting for 1.52% of the circulating market value [1] - Over the past five days, the total net outflow of main funds reached 314.62 million yuan, representing 1.7% of the circulating market value [1]

Group 1 - The core point of the news is that Dongxin Peace experienced a decline of 5.06% in its stock price, reaching 32.30 yuan per share, with a trading volume of 1.848 billion yuan and a turnover rate of 9.64%, resulting in a total market capitalization of 18.748 billion yuan [1] - Dongxin Peace Technology Co., Ltd. is located in Zhuhai, Guangdong Province, established on October 20, 1998, and listed on July 13, 2004. The company's main business involves the production and sale of mobile communication smart cards, contactless smart cards, and supporting application systems [1] - The revenue composition of Dongxin Peace includes 71.47% from smart card products, 27.05% from digital security and platform business, and 1.48% from other sources [1] Group 2 - From the perspective of the top ten circulating shareholders, Huabao Fund has increased its holdings in Dongxin Peace, with the Huabao CSI Financial Technology Theme ETF (159851) adding 295,200 shares in the second quarter, bringing its total holdings to 2.9987 million shares, which accounts for 0.52% of the circulating shares [2] - The Huabao CSI Financial Technology Theme ETF (159851) was established on March 4, 2021, with a latest scale of 5.731 billion yuan. Year-to-date returns are 42.07%, ranking 422 out of 4222 in its category; over the past year, returns are 180.69%, ranking 1 out of 3764; and since inception, returns are 103.36% [2] - The fund managers of Huabao CSI Financial Technology Theme ETF are Chen Jianhua and Cao Xuchen, with Chen having a cumulative tenure of 12 years and 251 days, managing assets totaling 15.533 billion yuan, achieving a best fund return of 152.45% and a worst return of -49.65% during his tenure [2]

Group 1 - The core viewpoint of the article highlights that Dongxin Peace (002017.SZ) reported a revenue of 640 million yuan for the first half of 2025, representing a year-on-year decline of 11.24% [1] - The net profit attributable to shareholders of the listed company reached 80 million yuan, showing a year-on-year increase of 1.48% [1] - The overall operation of the company remains stable, with significant results from innovation-driven initiatives, steady market expansion, and continuous improvement in risk management capabilities [1] Group 2 - The company's development resilience has further strengthened, indicating a robust operational framework despite revenue challenges [1]

Core Viewpoint - The company reported a decline in revenue for the first half of 2025, while net profit showed a slight increase, indicating mixed financial performance [1] Financial Performance - The company's operating revenue for the first half of 2025 was 640 million yuan, representing a year-on-year decrease of 11.24% [1] - The net profit for the same period was 80.4667 million yuan, reflecting a year-on-year increase of 1.48% [1] Dividend Policy - The company announced plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves [1]