Guangbo(SZ:002103)2022-12-06 09:54Group 1: Acquisition and Financial Overview - The company plans to acquire 26% of Geoswift Asset Management Limited for a consideration of $8.58 million, following the termination of a previous major asset restructuring plan valued at $33 million due to macroeconomic factors [2] - Geoswift has committed to achieving a pre-tax profit of no less than $29 million, $39 million, and $49 million for the years 2016, 2017, and 2018 respectively [2] Group 2: Business Operations and Market Position - Geoswift's primary revenue sources include transaction service fees and non-service income, with transaction fees being charged for cross-border payment services [3] - The company faces competition from international players like PayPal, World First, and Western Union, as well as domestic competitors such as Alipay and WeChat Pay, but maintains a cooperative relationship with these competitors [3] Group 3: Future Prospects and Strategic Direction - The company is exploring opportunities to acquire remaining shares of Geoswift based on performance and policy conditions, aiming to enhance its cross-border service business chain [2] - Geoswift's growth is not solely dependent on Uber, as the company is actively seeking new clients to diversify its revenue streams [2] - The company is researching blockchain technology and has joined a domestic financial blockchain alliance, indicating a forward-looking approach to future business development [3] Group 4: Impact on Parent Company - Through its stake in Geoswift, the company aims to enhance its cross-border service capabilities and gain access to more overseas merchant resources, thereby improving profitability and market competitiveness [3]