三年减员1250人，新国都IPO前补税3.62亿元

Core Viewpoint - Dongguan Xinguodu Technology Co., Ltd. has invested 29.99 million yuan to acquire a 50-year land use right for a state-owned construction site in Dongguan's Binhaiwan New District, aiming to build a smart manufacturing and AI headquarters base, with a total investment of approximately 600 million yuan [1][30]. Group 1: Company Overview - Xinguodu is a leading payment technology service provider in China, having sold over 50 million electronic payment devices globally since its inception in 2001 [5][33]. - The company has achieved significant growth in overseas markets, with revenue from international markets increasing from 15.07% in 2021 to 35.56% in the first half of 2025 [30][37]. - In the first half of 2025, Xinguodu's overseas sales revenue reached 533 million yuan, a year-on-year increase of 22.02% [30]. Group 2: Financial Performance - For the first nine months of this year, Xinguodu reported revenue of 2.343 billion yuan, a decrease of 4.15% year-on-year, while net profit attributable to shareholders was 408 million yuan, an increase of 37.1% [2][30]. - The company's revenue for 2025 is projected to be 1.527 billion yuan for the first half, reflecting a 3.17% decline year-on-year, with net profit down 38.61% to 275 million yuan [5][34]. - The revenue from acquiring and value-added services has decreased from 70.9% in 2022 to 61.9% in the first half of 2025, while the revenue from electronic payment products has increased from 22.8% to 35.2% during the same period [6][34]. Group 3: Strategic Developments - Xinguodu is undergoing a strategic transformation from a focus on acquiring and value-added services to a dual-drive model that includes payment hardware, which is heavily reliant on overseas markets [6][34]. - The company has optimized its organizational structure, reducing its workforce by 1,250 employees over three years, which is a 44.31% decrease [12][14]. - Xinguodu plans to use up to 3 billion yuan of idle funds for entrusted financial management and securities investment, which is nearly half of its total assets as of the end of 2024 [21][30]. Group 4: Market Position and Shareholder Returns - Since its establishment, Xinguodu has distributed over 1.3 billion yuan in dividends, maintaining a high dividend payout ratio of 47.14% [23][30]. - The company has faced scrutiny regarding its asset disposal practices, including significant losses from the sale of subsidiaries, which has raised concerns among investors [25][26].