Core Viewpoint - The increasing competition in the domestic payment sector and the higher profit margins in cross-border payment services are driving payment institutions to expand into overseas markets to seek new growth opportunities [2][3]. Group 1: Licensing and Global Expansion - PingPong has recently obtained a payment license from the Central Bank of the UAE, becoming the first Chinese third-party payment institution to hold such a license [3]. - The company also secured an MSB license in Malaysia, marking significant progress in its global expansion strategy [3]. - Other payment institutions like Yikac and Lianlian Digital are also actively acquiring overseas licenses to sustain growth in cross-border business [2][3]. Group 2: Market Trends and Demand - The demand for cross-border payment services is surging due to the expansion of Chinese enterprises abroad, with increasing needs for cross-border trade, supply chain finance, and multi-currency settlements [3][6]. - The trend towards globalization and compliance in the cross-border payment industry is evident as institutions seek to transform from single payment channels to comprehensive financial service platforms [3][6]. Group 3: Profit Margins and Financial Performance - Cross-border payment business has shown significant revenue growth, with Lakala's cross-border payment transaction volume reaching 49.2 billion yuan, a 14% year-on-year increase [6]. - Lianlian Digital reported a total payment volume of 281.5 billion yuan in global payments, with a 63.1% year-on-year growth and a cross-border payment profit margin of 72%, placing it among the global leaders [6]. - Yikac's overseas business transaction volume exceeded 1.1 billion yuan in 2024, marking a nearly fivefold increase [6]. Group 4: Challenges in Obtaining Licenses - Obtaining overseas payment licenses is a complex and lengthy process, often taking several years to complete, which serves as a test of the comprehensive strength of payment institutions [4][5]. - The application standards for payment licenses globally are stringent, with specific requirements for local registration and compliance with various regulatory frameworks [5]. Group 5: Strategic Considerations - The geopolitical landscape can impact payment institutions' overseas operations, making it essential to acquire multiple licenses to mitigate regional risks [7]. - Payment institutions are leveraging their technological advantages and local market characteristics to implement localized operations in foreign markets [7][8].

投资者关系活动记录表 投资者关系活动 类别 特定对象调研 分析师会议 媒体采访 业绩说明会新闻发布会 路演活动 现场参观 其他（券商策略会、电话会议） 参与机构名称 Khazanah Nasional Berhad(马来西亚主权财富基金）、民生证券、太平资 管、中信证券、兴证基金、阳光资产、鹏扬基金、佳琪资产等 时间 2025 年 5 月 28 日-29 日 地点及形式 线下会议 上市公司接待人 员姓名 董事会秘书 周帆女士 助理总裁 徐海波先生 投资者关系经理钟雷先生 投资者关系活动 主要内容介绍 1、公司在稳定币方面是否有应用和进展？ 答：作为金融科技领域的积极践行者，宇信科技正以金融机构深度 合作伙伴的角色，开展相关领域应用和布局。一方面，公司基于产业方 面的丰富经验正联合境外高校开展基于Web3技术的零售支付课题研究； 另一方面，公司依托在国内数字人民币与各金融机构对接应用经验，正 积极布局拓展境外数字法币业务。 2、公司数字人民币应用的进展？ 答：公司在数字人民币和更广泛的支付清算交易领域有广泛布局， 不仅局限于常见的应用场景，还涵盖诸多广义应用。 公司已有案例，帮助国有大行分行推广数币应用并落地消 ...