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电子凭证会计数据标准推广应用启动,财税数字化企业有望受益
Orient Securities·2025-05-20 03:14

Investment Rating - The industry investment rating is "Positive" (maintained) [5] Core Viewpoints - The issuance of the "Notice on the Promotion and Application of Electronic Voucher Accounting Data Standards" by nine ministries, including the Ministry of Finance and the People's Bank of China, is expected to significantly boost the use of electronic vouchers, benefiting tax digitalization companies that have established a presence in this field [2][3] - The promotion of electronic voucher standards will enhance convenience in their usage, addressing existing challenges such as receipt, reimbursement, accounting, and archiving difficulties [8] - The market potential for tax digitalization companies is substantial, with estimates suggesting that the market capacity could reach tens of billions of yuan, driven by the needs of administrative units and enterprises for electronic voucher services [8] Summary by Sections Event Overview - On May 19, a joint notice was issued by nine ministries to promote the application of electronic voucher accounting data standards nationwide, requiring upgrades to accounting software within three years [2] Investment Recommendations and Targets - Investors are advised to focus on companies such as Bosi Software (300525, not rated), Zhongke Jiangnan (301153, not rated), and Tax Friend Co., Ltd. (603171, Buy) as they are well-positioned to benefit from the electronic voucher service sector [3] Market Dynamics - The electronic voucher system will involve various platforms, including those for issuing and distributing vouchers, accounting services, and public financial services, which will play a crucial role in the promotion and expansion of electronic vouchers [8] - The potential market for electronic vouchers includes over 60 million enterprises and billions of individuals, indicating a vast opportunity for tax digitalization companies to provide necessary services [8]