澄天伟业：智能卡海外收入占比超60%，通过多元化布局降低客户集中风险

Core Viewpoint - The company has established a strong competitive advantage in the smart card business through long-term strategic partnerships with major global players and a significant overseas revenue contribution [1] Group 1: Business Performance - The overseas revenue share of the company's smart card business has consistently exceeded 60% [1] - The revenue concentration from the top five customers has decreased from 87.92% in 2023 to 77.75% in 2024, indicating an improvement in customer diversification [1] Group 2: Strategic Initiatives - The company has formed long-term strategic partnerships with leading smart card system companies such as THALES and IDEMIA [1] - The company is expanding into new business areas such as semiconductor packaging and liquid cooling, which helps reduce reliance on the single smart card business and enhances overall operational stability [1]