Orient Securities·2025-05-20 05:23Investment Rating - The industry investment rating is "Positive" (maintained) [5] Core Viewpoints - The issuance of the "Notice on Promoting the 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 promote the use of electronic vouchers, benefiting tax digitalization enterprises that have established a presence in the electronic voucher service sector [2][3][8] Summary by Sections Event Overview - On May 19, a joint notice was issued to promote the application of electronic voucher accounting data standards nationwide, requiring all units to upgrade their accounting software within three years to support the comprehensive application of these standards [2] Market Opportunities - The promotion of electronic voucher standards is anticipated to create substantial market opportunities for tax digitalization enterprises. The potential market capacity for services related to electronic voucher collection, parsing, reimbursement, accounting, and archiving could reach tens of billions of yuan, considering the needs of over 600,000 administrative units and more than 60 million enterprises [8] Key Companies to Watch - Investors are advised to pay attention to companies such as Boshi 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 promotion of electronic vouchers [3][8]