Group 1 - The core point of the article is that New Guodu (SZ 300130) announced the convening of its 20th meeting of the 6th Board of Directors on October 27, 2025, to review the proposal for the third quarter report of 2025 [1] - For the first half of 2025, New Guodu's revenue composition is as follows: 61.85% from acquiring and value-added services, 35.67% from product manufacturing, and 2.48% from other businesses [1] - As of the time of reporting, New Guodu has a market capitalization of 15.5 billion yuan [1]

Core Insights - New Guodu (300130.SZ) reported a revenue of 2.343 billion yuan for the first three quarters, representing a year-on-year decline of 4.15% [1] - The net profit attributable to shareholders of the listed company reached 408 million yuan, showing a year-on-year increase of 37.1% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 364 million yuan, reflecting a year-on-year decrease of 32.97% [1]

Core Viewpoint - New Guodu's Q3 2025 financial report shows a decline in revenue but a significant increase in net profit, indicating mixed performance in the electronic payment industry [1][2]. Financial Performance - The company's revenue for the first three quarters of 2025 was 2.343 billion yuan, a year-on-year decrease of 4.15% [1]. - The net profit attributable to shareholders was 408 million yuan, a year-on-year increase of 37.10% [1]. - The basic earnings per share were 0.72 yuan [1]. - The gross profit margin for the first three quarters was 35.27%, down 6.73 percentage points year-on-year [2]. - The net profit margin was 17.29%, up 5.23 percentage points compared to the same period last year [2]. Quarterly Insights - In Q3 2025, the gross profit margin was 37.54%, a year-on-year decrease of 2.32 percentage points but an increase of 5.64 percentage points quarter-on-quarter [2]. - The net profit margin for Q3 was 16.08%, showing a significant year-on-year increase of 33.62% and a quarter-on-quarter increase of 1.78 percentage points [2]. Expense Management - Total operating expenses for the period were 444 million yuan, a decrease of 36.82 million yuan year-on-year [2]. - The expense ratio was 18.95%, down 0.72 percentage points from the previous year [2]. - Sales expenses decreased by 28.46%, while management and R&D expenses increased by 1.05% and 3.86%, respectively [2]. Shareholder Dynamics - As of the end of Q3 2025, the total number of shareholders was 52,300, a decrease of 31,000 or 37.23% from the end of the previous half [2]. - The average market value per shareholder increased from 241,800 yuan to 299,600 yuan, a growth of 23.94% [2]. Company Overview - Shenzhen New Guodu Co., Ltd. specializes in electronic payment services, providing payment acquisition services and selling electronic payment terminals [3]. - The company integrates technologies such as biometrics, big data, blockchain, and AI to offer various digital upgrade services [3]. - The main revenue sources include payment acquisition and value-added services (61.85%), electronic payment products (35.24%), and other services [3].

证券代码：300130 证券简称：新国都 公告编号：2025-058 深圳市新国都股份有限公司 关于对公司 2025 年股票期权激励计划已授予的 股票期权行权价格进行调整的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或者重大遗漏。 深圳市新国都股份有限公司（以下简称公司）于 2025 年 10 月 27 日召开了 第六届董事会第二十次会议，审议通过了《关于对 2025 年股票期权激励计划已 授予的股票期权行权价格进行调整的议案》。因公司 2025 年半年度权益分派实 施完成，根据《深圳市新国都股份有限公司 2025 年股票期权激励计划（草案）》 相关规定，应对股票期权行权价格进行相应的调整。现将相关事项公告如下： 一、 公司 2025 年股票期权激励计划概述 1、公司于 2025 年 5 月 27 日召开第六届董事会第十七次会议及第六届监事 会第十四次会议，审议通过了《关于公司 2025 年股票期权激励计划草案及摘要 的议案》、《关于公司 2025 年股票期权激励计划实施考核办法的议案》及《关于 提请股东会授权董事会办理公司 2025 年股票期权激励计划相关事宜的 ...

北京市中伦（深圳）律师事务所 关于深圳市新国都股份有限公司 2025 年股票期权激励计划行权价格调整事项的 法律意见书 二〇二五年十月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦（深圳）律师事务所 关于深圳市新国都股份有限公司 2025 年股票期权激励计划行权价格调整事项的 法律意见书 致：深圳市新国都股份有限公司 法律意见书 对公司本次调整相关事宜进行了充分的核查验证，保证本法律意见书中不存在虚 假记载、误导性陈述及重大遗漏。 本所同意公司将本法律意见书作为实行本次调整的必备文件，随 ...

1. 深圳市新国都股份有限公司（以下简称"公司"）第六届董事会第二十 次会议，已经于 2025 年 10 月 22 日以邮件方式向全体董事发出会议通知。 2. 会议于 2025 年 10 月 27 日上午 10 点在深圳市南山区科技南十二路 20 号 嘉联支付大厦11楼深圳市新国都股份有限公司1101会议室以现场结合通讯表决 方式召开。 3. 本次董事会会议应出席的董事人数 9 人，实际出席的董事人数 9 人。 4. 本次董事会会议由董事长刘祥先生主持，董事会秘书李喆芳女士列席本 次会议。 证券代码：300130 证券简称：新国都 公告编号：2025-057 深圳市新国都股份有限公司 第六届董事会第二十次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 5. 本次董事会会议的召集召开符合有关法律、行政法规、部门规章、规范 性文件及《公司章程》的规定。 二、董事会会议审议情况 表决情况：9票同意，0票反对，0票弃权。 本议案已经公司董事会审计委员会审议通过。 具体内容详见公司于2025年10月28日在中国证监会指定创业板信息 ...

Revenue and Profitability - Revenue for Q3 2025 was CNY 816,284,048.30, a decrease of 5.93% compared to the same period last year[5] - Net profit attributable to shareholders increased by 187.18% to CNY 132,065,139.21 in Q3 2025[5] - Basic and diluted earnings per share rose by 185.19% to CNY 0.23 for Q3 2025[5] - Total profit for the year-to-date was CNY 429,303,163.93, an increase of 61.47% compared to the previous year[10] - Net profit for the current period is ¥405,203,107.44, representing an increase of 37.24% from ¥294,990,272.48 in the previous period[23] - Total comprehensive income for the current period is ¥405,041,281.88, an increase from ¥294,763,226.64 in the previous period[23] Assets and Liabilities - Total assets as of September 30, 2025, reached CNY 6,122,584,245.72, reflecting a growth of 7.58% from the end of the previous year[5] - Current assets totaled CNY 5,071,966,826.50, up from CNY 4,614,748,661.67, indicating an increase of about 9.9%[19] - Total liabilities increased to CNY 1,784,456,975.33 from CNY 1,496,324,319.66, marking an increase of about 19.3%[20][21] - The company's equity attributable to shareholders reached CNY 4,336,707,262.01, up from CNY 4,197,388,135.19, showing an increase of approximately 3.3%[21] Cash Flow - Cash flow from operating activities showed a significant decline of 79.86%, totaling CNY 58,654,346.89 for the year-to-date[5][10] - Cash flow from operating activities generated a net cash inflow of ¥58,654,346.89, a significant decrease from ¥291,261,036.52 in the previous period[24] - Cash flow from investing activities resulted in a net cash outflow of ¥1,101,771,949.82, compared to a net outflow of ¥637,517,353.35 in the previous period[24] - Cash and cash equivalents at the end of the period totaled ¥2,305,133,845.77, down from ¥2,801,920,274.79 at the end of the previous period[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 52,329[12] - Liu Xiang holds 24.32% of shares, totaling 137,946,987 shares[12] - The top 10 shareholders collectively hold significant stakes, with the largest shareholder holding over 24%[12] - The total number of restricted shares held by Liu Xiang is 103,460,240, which is subject to a 75% lock-up[15] - The total number of restricted shares held by Jiang Han is 27,359,104, also subject to a 75% lock-up[15] Investment and Impairment - Investment income rose by 34.89% to CNY 50,444,099.06, driven by higher returns from financial products[9][10] - The company reported a net loss from investment impairment of CNY 14,956,598.12, primarily due to goodwill impairment related to a subsidiary[10] Accounting and Reporting - The third quarter financial report of Shenzhen Xinguodu Co., Ltd. has not been audited[26] - The new accounting standards will be implemented starting from 2025[26] - The financial statement items related to the first year of implementation will be adjusted accordingly[26] - The board of directors announced the financial report on October 28, 2025[26]

Core Viewpoint - The company aims to enhance its operational and management capabilities to achieve high-quality development and improve its investment value through strong performance recognition by the market [1] Group 1 - The company will continue to strengthen communication with investors to enhance their understanding of the company [1] - The company is committed to achieving good operational results to gain market recognition [1]

Group 1: Company Overview - Shenzhen Xinguodu Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on July 31, 2001, with its listing date on October 19, 2010 [2] - The company specializes in the electronic payment industry, providing payment acquisition services and selling and leasing electronic payment terminals, primarily financial POS machines [2] - The revenue composition includes 61.85% from acquisition and value-added services, 35.24% from electronic payment products, and smaller contributions from audit services, technical services, and others [2] Group 2: Financial Performance - For the first half of 2025, the company achieved operating revenue of 1.527 billion yuan, a year-on-year decrease of 3.17%, and a net profit attributable to shareholders of 275 million yuan, down 38.61% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 1.341 billion yuan, with 890 million yuan distributed in the last three years [3] Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders increased to 83,400, up 77.74% from the previous period, while the average circulating shares per person decreased by 43.72% to 5,207 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 3.7633 million shares, a decrease of 2.6324 million shares from the previous period, and Southern CSI 1000 ETF, which is a new shareholder with 3.6473 million shares [3] Group 4: Market Activity - On October 23, the company's stock fell by 0.71% with a trading volume of 189 million yuan, and the financing buy-in amount was 21.2888 million yuan, while the financing repayment was 26.9716 million yuan, resulting in a net financing buy-in of -5.6828 million yuan [1] - The total balance of margin trading as of October 23 is 1.151 billion yuan, with the financing balance at 1.149 billion yuan, accounting for 7.61% of the circulating market value, indicating a high level compared to the past year [1]

Core Insights - The cross-border payment sector is experiencing rapid growth, with foreign institutions acquiring domestic licensed entities to gain access to China's payment licenses [1][14] - The global cross-border payment market is projected to reach $320 billion by 2030, with a compound annual growth rate (CAGR) of 7.1% [1][5] - China's cross-border e-commerce imports and exports are expected to grow by 10.8% in 2024, reaching 2.63 trillion yuan, providing new opportunities for payment institutions [1][4] Market Dynamics - The competitive landscape in China's payment market is intensifying, prompting established payment institutions to explore overseas markets [1][5] - The cross-border payment market is supported by a significant market potential, with the global market size reaching approximately $212.55 billion in 2024 [5][4] - The growth of cross-border e-commerce is a key driver for the expansion of cross-border payment services, with a CAGR of about 15% from 2020 to 2024 [4][5] Strategic Moves by Companies - Companies like Lakala and others are actively pursuing internationalization strategies, including issuing H-shares and expanding their cross-border payment services [6][7] - New players in the cross-border payment space are focusing on emerging markets, with some achieving profitability within two years of operation [8][10] - Established companies are also enhancing their cross-border payment capabilities, with significant investments in technology and service offerings [7][10] Regulatory Environment - The tightening of regulations in the domestic payment industry is pushing companies to acquire licensed entities to ensure compliance and enhance service capabilities [12][14] - Recent regulatory changes require foreign non-bank institutions to establish local entities to provide cross-border payment services, making acquisitions of licensed firms a strategic necessity [12][14] Future Opportunities - The B2B cross-border trade payment, import e-commerce, and localized payment solutions are identified as key growth areas with significant potential [8][10] - The demand for cross-border payment services is expected to continue growing, driven by the increasing globalization of businesses and the need for efficient payment solutions [12][14]