三季度还有76.09万台！ATM机五年减少25万多台

Core Insights - The number of ATMs in China continues to decline, with a total of 760,900 ATMs reported in Q3 2025, down from 775,700 in Q2 2025, marking a decrease of approximately 14,800 ATMs [1] - Over the past five years, the number of ATMs has decreased by more than 250,000, reflecting a significant contraction in the market [1] Industry Trends - The decline in ATM numbers is attributed to the evolution of the payment ecosystem, rising cost pressures, and the impact of technological substitution [3] - Mobile payment has penetrated all scenarios, leading to a substantial reduction in cash usage among younger demographics, which directly reduces the demand for ATM cash withdrawals [3] - The high operational costs of ATMs, coupled with low daily transaction volumes, have forced banks to withdraw machines due to an imbalance in input-output ratios [3] Company Impact - The shrinking traditional ATM market is adversely affecting the performance of related equipment companies, prompting them to pivot towards new business models [3] - For instance, Guangzhou Yuyin Technology Co., Ltd. reported that ATM technology and financial services accounted for only 6.58% of its revenue in the first half of 2025, while operating leasing made up 93.42%, indicating a significant decline in the core business's support role [3] Banking Sector Transformation - The rapid reduction in ATMs is driving profound changes in the banking network ecosystem, leading to a shift towards more efficient, intelligent branch layouts and a focus on wealth management and value-added services [3] - Bank branches are transitioning from cash-dominated functions to comprehensive service roles, which may impact cash accessibility for elderly populations and residents in remote areas [3] Future Development - The future of the ATM industry may involve upgrading traditional ATMs into comprehensive service terminals that include functions such as government payment and digital currency exchange [4] - There is a focus on addressing the needs of elderly communities and remote counties, with ATMs evolving from primary cash withdrawal tools to emergency cash support nodes and convenient financial service hubs [4]