德生科技(002908) - 002908德生科技投资者关系管理信息20250919

Group 1: Market Position and Strategy - The company aims to convert a 30% market share from the projected issuance of over 150 million social security cards in 2025 into performance growth, leveraging its established service network in 170 cities [2][3] - The company emphasizes its role as a "social security card service provider," enhancing its operational service system from government to consumer [2][3] Group 2: Competitive Advantages - The company has a scene advantage by deeply engaging in various livelihood service scenarios, such as government affairs, employment, and medical services, which helps increase card issuance [3] - The company offers comprehensive services from card issuance to operation, utilizing its position as a social security card service provider to innovate service models [3] Group 3: Financial Metrics and Valuation - The company's current price-to-sales ratio is 4.39 times, significantly lower than the IT service industry average, indicating potential undervaluation of its "data elements + social security scenarios" long-term value [3] - The average annual issuance of social security cards over the past three years is approximately 33 million cards [3] Group 4: Shareholder Actions - The major shareholder's recent share reduction was primarily to alleviate debt pressure resulting from a previous non-public offering subscription exceeding 200 million [4]