Core Insights - The implementation of the Hong Kong Stablecoin Regulation in July 2025 marks a significant step in the regulation of stablecoins, enhancing cross-border payment efficiency by over 90% and reducing costs to one-tenth of traditional methods [1][3] - The expansion of the digital yuan pilot to 50 cities, with annual transactions exceeding 1 trillion yuan, highlights China's advancements in digital currency, prompting major tech companies like Ant Group and JD.com to invest in compliant stablecoins [3] - Stablecoins are positioned as a bridge between cryptocurrencies and traditional finance, addressing long-standing issues in cross-border trade such as high fees, slow settlements, and low transparency, with the market for cross-border payments growing at an annual rate exceeding 200% [3] Company Summaries - **Four方精创**: A key service provider for the Hong Kong Monetary Authority, developing the mBridge cross-border clearing module and offering a platform for stablecoin issuance, with potential annual revenue exceeding 250 million HKD if the stablecoin market reaches 50 billion HKD [5] - **拉卡拉**: The only domestic third-party payment institution with a full license for cross-border RMB payments, supporting stablecoin payments through 5 million POS terminals, with a projected revenue of 200 million yuan from stablecoin-related activities in 2025 [6] - **海联金汇**: Holds the only MSO license among A-share companies, with significant market share in Southeast Asia and participation in the mBridge project, reporting a 950% year-on-year increase in net profit in Q1 2025 [6] - **恒宝股份**: A leading supplier of hardware security modules for digital currencies, with a market share exceeding 30%, providing hardware for stablecoin transactions and participating in the mBridge project [7] - **新大陆**: A global leader in smart terminals, integrating digital yuan and stablecoin functionalities, with a projected order of 200,000 terminals in Southeast Asia in 2025 [7] - **京北方**: The only A-share company explicitly linked to stablecoin technology, providing underlying settlement technology for major banks and participating in the mBridge project [8] - **雄帝科技**: Developed a dual-track payment system compatible with both digital yuan and stablecoins, providing key services for the Hong Kong pilot [8] - **华峰超纤**: Collaborating with JD Wallet to test stablecoin retail scenarios in the UAE, with a focus on programmable payment protocols [9] - **恒生电子**: Provides core system support for Ant Group's stablecoin operations, with a significant market share in asset management systems [10] - **数字认证**: Supplies key management services for stablecoins to the Hong Kong Monetary Authority, with a strong presence in government blockchain projects [10]

证券代码：300468 证券简称：四方精创 深圳四方精创资讯股份有限公司 投资者关系活动记录表 编号：2025-01 投资者关系 活动类别 特定对象调研 媒体采访 业绩说明会 新闻发布会 路演活动 现场参观 其他： 参与单位名 称及人员姓 名 线上参与公司 2024 年年度报告网上说明会的投资者 时间 2025 年 5 月 9 日（星期五）下午 15:00-17:00 地点 "互动易"平台(http://irm.cninfo.com.cn) 上市公司出 席人员姓名 公司董事长、总经理：周志群先生 公司董事会秘书：朱天伟先生 独立董事：张力先生。 投资者关系 交流主要内 容及具体问 答记录 1. Q：贵公司 2024 年境外业务收入，在全年收入里占比多 少？今年是否会有增长。 A：有关公司 2024 年的境外收入占比，请查阅公司已公布的 2024 年年度报告。未来，公司将继续深化和现有海外客户的 合作关系，开拓新的客户资源，充实海外服务团队，优化交 付管理，提升服务质量和客户满意度，致力于拓展境外业务 规模。 2. Q：2024 年公司营收增长乏力，未来有什么具体策略来实 现营收的快速增长？是通过拓展新客户、开 ...