东信和平股价报31.96元，较前一交易日下跌2.06元，跌幅6.06%。开盘价为33.55元，最高触及33.75 元，最低下探至31.96元，成交量为837764手，成交金额27.49亿元。 8月26日主力资金净流出28192.92万元，占流通市值的1.52%。近五日主力资金净流出31461.54万元，占 流通市值的1.7%。 风险提示：市场有风险，投资需谨慎。 东信和平属于通信设备行业，主营业务为智能卡和数字身份安全业务。公司在国内通信领域与主流运营 商保持稳固合作，金融领域拓展了多家商业银行客户，社保领域市场份额持续提升。海外市场方面，公 司成功开拓中东、非洲、东南亚等新客户，并首次进入南美市场。 公司披露的2025年半年报显示，上半年实现营业收入6.4亿元，同比下降11.24%；归母净利润8047万 元，同比增长1.48%。其中智能卡业务收入4.57亿元，同比下降15.88%；数字安全及平台业务收入1.73 亿元，同比增长2.95%。公司经营活动现金流净额为6176万元，同比下降46.14%。 ...

Group 1: Low-altitude Economy Strategy - The company has developed a "drone equipment digital identity security solution" based on its IoT technology, addressing the digital identity and security connection needs in the low-altitude economy [1] - The "FlightGuard" project, developed in collaboration with multiple institutions, won an award at the 2025 Mobile World Congress, providing a systematic solution for security control in drone logistics and cross-border collaboration [1] - The company aims to enhance its "digital identity + industry comprehensive application capability" to build a multi-dimensional security protection system covering air, land, and sea [1] Group 2: Digital Currency Initiatives - The company is actively involved in the development of blockchain, privacy computing, and digital wallet technologies, participating in the national digital RMB program and product validation [2] - It has successfully launched digital RMB-related products, including hard wallet cards and reading devices, leveraging its core technology advantages in blockchain and 5G [2] - The company has developed a mobile SIM card (BSIM) with blockchain account management features in collaboration with research institutes, combining mobile communication and financial asset management [2] Group 3: International Market Expansion - The company is responding to the "Belt and Road" initiative, establishing a "dual circulation dual pillar" international development pattern with 5 overseas subsidiaries and 3 production bases [2] - Its business covers Southeast Asia, the Middle East, and Europe, with a significant global market presence, and plans to strengthen penetration in emerging markets like South America and Africa [2] Group 4: Capital Operation Planning - The company plans to promote external growth through industry-finance integration, focusing on high-quality marketable targets in the digital economy [2] - It seeks opportunities for vertical and horizontal mergers and acquisitions to achieve synergy between industrial operations and capital management [2]

Group 1: Company Performance - In 2024, the company achieved operating revenue of 1.385 billion yuan, a year-on-year increase of 0.18% [2] - The net profit attributable to shareholders was 190 million yuan, reflecting a year-on-year growth of 10.46% [2] - The return on equity for 2024 was 11.14%, an increase of 0.26 percentage points compared to 2023, indicating steady improvement in profitability [3] Group 2: Market and Industry Outlook - The digital identity security industry has significant growth potential driven by the acceleration of digital transformation and the widespread application of AI, IoT, big data, and 5G [2] - The company plans to enhance its market share in eSIM and financial IC card sectors by leveraging its differentiated advantages [2] - The demand for digital identity security solutions is expected to expand continuously, providing opportunities for the company to grow [2] Group 3: Research and Development - The company's R&D investment for 2024 was approximately 135 million yuan, accounting for 9.75% of operating revenue, which is an increase of 0.09 percentage points from the previous year [3] - The company aims to strengthen its core technology leadership through continuous R&D efforts and innovation [3] - Future plans include increasing R&D investments to support the development of smart card business and digital identity solutions [4] Group 4: Market Position and Challenges - Despite steady performance, the company's stock price has remained around 10 yuan, raising concerns about market perception and potential risks [3] - The company is actively managing its market value and responding to regulatory guidelines to enhance communication with investors [3] - The integration with China Electronics Technology Group is being monitored for potential business synergies to promote healthy development [4]