Core Viewpoint - The company, New Guodu (300130.SZ), is actively involved in various sectors including payment services, digital scene services, electronic payment terminals, cross-border payments, and artificial intelligence [1] Group 1 - The company's main business areas encompass payment services and digital scene services [1] - The electronic payment terminal business is a significant part of the company's operations [1] - The company integrates externally sourced eSIM technology into some of its payment terminal products, primarily for device connectivity [1]

Core Viewpoint - Wanma Technology (300698.SZ) is positioned as a leading provider of eSIM technology in China, with its ONE SIM solution supporting multiple GSMA standards [1] Group 1: Technology and Innovation - The company's eSIM technology is recognized as industry-leading within China [1] - Wanma Technology's ONE SIM solution supports GSMA SGP.02, SGP.22, and SGP.32 standards, making it the first provider to offer a comprehensive eSIM solution that supports all standard specifications [1] - The eSIM technology has already been applied in the vehicle networking sector and has potential for migration to other intelligent scenarios such as the Internet of Things (IoT) [1] Group 2: Business Strategy - Wanma Technology is committed to enhancing its core competitiveness, optimizing business layout, and improving investor relations management as part of its market value management strategy [1] - The company aims to actively increase its intrinsic value and market recognition through various initiatives [1]

Core Viewpoint - The establishment of the "eSIM Security Joint Research Center" by China Unicom and Huada Electronics marks a new phase in their strategic cooperation in the field of eSIM technology security, aiming to enhance technological innovation and industry standardization for high-quality development of the eSIM industry [1][2]. Group 1: Strategic Cooperation - The center aims to build a new pattern of collaborative development between eSIM chips and digital communication security through technological breakthroughs and industry collaboration [1]. - The partnership will leverage Huada Electronics' long-term expertise in eSIM chips and embedded security technology, combined with China Unicom's advantages in platforms, networks, and standards [2]. Group 2: Security and Innovation - Focus will be on the security adaptation between eSIM chips, operating systems, platform systems, and terminal devices, establishing an end-to-end connection system and formulating comprehensive risk control strategies [2]. - The initiative will explore high-security writing mechanisms during the personalization process of eSIMs, aiming to overcome traditional security mechanism bottlenecks [2]. Group 3: Industry Applications - The collaboration will provide high-security, reliable chip products and one-stop solutions for consumer electronics, vehicle networking, and industrial internet sectors [2]. - The center will work closely with upstream and downstream enterprises in the industry chain to assess eSIM technology trends and incubate innovative application scenarios [2]. Group 4: Future Directions - The establishment of the research center signifies a new starting point for China Unicom to deepen its "AI + 5G + eSIM" industry cooperation and explore innovative paths for the integration of eSIM with multiple technologies [2]. - The goal is to promote the application of eSIM technology in various industries in a safer and more efficient manner through a collaborative research system [2].

Core Viewpoint - eSIM technology is rapidly evolving and is being widely adopted in various sectors, including consumer electronics and IoT, presenting significant opportunities for companies in the industry [5][6][19]. Group 1: eSIM Technology Development - eSIM technology has been commercially deployed in multiple countries, with a global shipment of eSIM chips reaching 446 million in 2023 [5][6]. - The technology is crucial for addressing the explosive growth in the global IoT market, driven by demands for security, stability, and scalability in communication technology [5][6]. Group 2: Wireless Logic's Role - Wireless Logic is positioned as a leading global provider of IoT connectivity services, facilitating the deployment of eSIM technology to meet global challenges [8][21]. - The company has a presence in over 190 countries and connects with more than 750 carrier networks, leveraging its extensive industry experience to support clients in navigating complex regulatory environments [8][21]. Group 3: Market Opportunities and Challenges - The Latin American market, particularly Brazil, presents significant growth potential for eSIM applications in sectors like automotive, payment systems, and smart city initiatives [11][14]. - Companies face challenges such as compliance barriers and high costs associated with multi-market expansion, which eSIM technology can help mitigate by providing flexible communication solutions [14][19]. Group 4: Customer-Centric Solutions - Wireless Logic offers tailored communication solutions that simplify global business management, including a range of eSIM options like Global eSIM, Multi-network, and LPWAN SIM [20][21]. - The company emphasizes the importance of understanding customer needs to provide customized services that enhance operational efficiency and reduce the complexities of managing multiple carrier relationships [21].