Guangbo(SZ:002103)2022-12-06 11:28Group 1: Company Overview - Guangbo Group Co., Ltd. is listed under the stock code 002103 [1] - The company has a significant presence in the payment services sector, particularly through its subsidiary, Huiyuantong [3] Group 2: Revenue Sources - In 2015, revenue from Uber accounted for over 40% of total income, with expectations of a gradual decline in this percentage as new clients are signed [4] - Non-service income constitutes approximately 40% of total revenue and is on an upward trend, primarily from currency exchange rate differences and interest income [4] Group 3: Competitive Advantages - Huiyuantong's core competitive advantages include its comprehensive service capabilities connecting domestic and international payment markets, and its advanced IT systems [4] - The company holds various financial service licenses in multiple regions, enhancing its credibility and service quality [4] Group 4: Market Position - Currently, inbound business accounts for about 70% of operations, while outbound business is around 30%, with a goal to achieve a balanced split in the future [5] - Huiyuantong has established a strong presence in specific verticals, such as tuition payments and e-commerce, indicating potential for growth in outbound services [5] Group 5: Future Challenges - The main challenge in future collaborations with listed companies lies in post-investment management, particularly due to cultural differences and communication barriers [5]