编号：投 2025005 | | ☐ 特定对象调研 ☐ 分析师会议 | | --- | --- | | | 媒体采访 业绩说明会 ☐ ☐ | | 投资者关系活动类别 | 新闻发布会 路演活动 | | | ☐ ☐ | | | 现场参观 | | | ☐ 其他（线上电话会议） | | 形式 | 现场☐ 网上☐ 电话会议 | | | 上市行 赵秋红、李丹，重鼎资本 张益青，大岩资本 张宁，卡 冯淑荣， | | | 比尔基金 游致、秦亮，国科龙晖 姜俊峰，东弘资本 | | 参与单位名称及人员姓名 | 民沣资产 黄海山，翼牛资产 张峥，尚颀资本 宋明，湖北黄石 | | | 经开产投 邹子尧，华泰证券 强军，卓银基金 唐凯，信达 潘登， | | | 开源证券 刘兴邦 | | 时间 | 2025年9月17日 13:30 - 15:00 | | 地点 | 雄帝科技会议室 | | 上市公司接待人员姓名 | 财务总监兼董事会秘书 郭永洪 | | | 证券事务代表 刘秀芳 本次投资者活动以参观展厅、讲解企业PPT以及互动交流方式举 | | | 行。投资者通过参观与互动交流，了解公司的发展历程、主营业务、 核心技术、产品及战略布局 ...

Financial Performance - Company reported total revenue of 211 million yuan for the first half of 2025, a year-on-year increase of 5.43% [1] - Net profit attributable to shareholders reached 11.67 million yuan, up 55.32% year-on-year [1] - In Q2 2025, total revenue was 153 million yuan, reflecting a 19.64% increase year-on-year, while net profit was 22.15 million yuan, up 126.37% year-on-year [1] - Gross margin improved to 46.86%, an increase of 11.34% year-on-year, and net margin rose to 5.54%, up 47.61% year-on-year [1] - Total operating expenses (selling, administrative, and financial) amounted to 44.12 million yuan, accounting for 20.9% of revenue, an increase of 8.89% year-on-year [1] Accounts Receivable - Company has a significant accounts receivable balance, with accounts receivable amounting to 807.44% of the latest annual net profit [1][2] Business Growth Drivers - Growth in immigration and comprehensive policing business, with a 43.9% increase in the number of people checked by immigration management agencies in 2024 [3] - Rapid expansion in overseas markets for security documents, with overseas revenue of 131 million yuan, a 29% increase year-on-year, and actual contributions from overseas clients reaching 176 million yuan, up 72.51% year-on-year [3] - Introduction of smart delivery solutions, resulting in a 216% revenue increase compared to the previous year [3] - Innovations in smart transportation products, with successful launches in various cities and exploration of overseas markets [3]

Group 1: Company Performance and Growth Drivers - The main growth points for the company in 2024 include a 43.9% increase in the number of people checked by immigration management agencies, totaling 610 million [2] - The company’s security document business saw overseas revenue reach 131 million, a 29% increase year-on-year, while actual contributions from overseas clients amounted to 176 million, marking a 72.51% growth [3] - The company’s smart mailing solutions led to a 216% revenue increase, with a 79% success rate in winning bids for postal projects [3] Group 2: Future Growth Strategies - The company aims to leverage AI technology to enhance product value and expand into new markets, focusing on trusted identity products and solutions [4] - Plans include strengthening overseas strategic layouts and building an ecosystem around the Belt and Road Initiative, targeting projects in various sectors such as election and government services [4] Group 3: Core Competencies and Competitive Advantages - The company’s core competencies include technological innovation, with over 30% of staff in R&D and advanced security document technologies [5] - It is the only Chinese company listed as a supplier of machine-readable travel documents by ICAO, enhancing its recognition in overseas markets [5] - The company has a robust manufacturing quality management system and extensive project implementation experience, allowing for rapid customization to meet diverse client needs [5] Group 4: Competitors in Overseas Markets - Major competitors in the overseas market include Entrust from the USA and Neopost from Germany [6]

Group 1 - The core viewpoint of the news highlights the recent research conducted by Jiuge Investment on a listed company, Xiongdi Technology, showcasing significant growth in orders and revenue [1] - Xiongdi Technology reported a 92.68% year-on-year increase in orders for Q1 2025, with total revenue for 2024 projected at 552.03 million yuan, representing a 33.93% increase [1] - The net profit for Xiongdi Technology is expected to reach 29.15 million yuan in 2024, marking a substantial year-on-year growth of 223.78% [1] - The growth in performance is attributed to various business segments, including border control and comprehensive policing, overseas markets for security documents, smart delivery solutions, and innovations in smart transportation [1] - Future profit growth drivers for Xiongdi Technology include a technology-driven strategy and increased overseas strategic layout, with plans to promote security document projects in Southeast Asia, the Middle East, Africa, and South America [1] - The company's core competitive advantages lie in technological innovation, compliance with international standards, and capabilities in production and project implementation [1] - The second phase of the equity incentive plan requires a revenue growth rate of no less than 40% and a net profit of at least 20 million yuan by 2025 [1] Group 2 - Jiuge Investment Management Co., Ltd. was established in 2002 with a registered capital of 100 million yuan, making it one of the earliest private equity fund companies in China [2] - The company manages assets exceeding 5 billion yuan and has a diverse investment portfolio, including securities investment, stock block trading, directed issuance, merger funds, private equity, and fixed income investments [2] - Jiuge Investment adheres to a value investment philosophy and aims to achieve steady growth while providing excess returns to clients through fundamental research and active management [2]

（1）AI技术驱动战略，从智能设备到场景智能体服务商。公司 深耕可信身份领域，凭借深厚的技术沉淀与积累，相关技术及产品已 广泛应用于国内外多行业多场景之中，特别是数字身份凭证制作设备 及证件工艺，已比肩国际一流企业水准。在技术快速变革的当前，我 们仍然有许多短板和差距，需要快速补齐。2025年，紧跟行业前沿， 充分融合人工智能、机器人、大模型等先进技术要素，全力推动公司 技术迭代升级，产品精益求精，重构我们的智慧政务、智慧交通的设 备类产品，变为场景智能体服务商。 （2）加大海外战略布局，完善产业链，建设海外生态圈。公司 将围绕国家"一带一路"的发展战略，基于雄帝科技在可信身份领域 及安全证照的专业能力、创新能力、服务能力，以证件类、选举类、 政务类项目为主要业务目标，结合不同国家的实际需求，提供符合本 地需求的专业的整体解决方案，同时在技术创新、商业模式创新打开 新思路，继续打造好布基纳法索国家的运营模式样板，争取将该模式 复制到更多国家，推进本地化运作，建立本地化队伍，实现多维、多 模式的产业生态。同时，加强海外业务的产业链及生态建设。积极布 局，确定方向，加大对东南亚、中东、非洲、南美等地区的投入，对 ...