Tianyu Information(SZ:300205)2022-11-22 03:06Group 1: Business Overview - The company focuses on five main business segments: financial industry, smart payment terminals, IoT, enterprise services, and smart education [1] - The demand for smart cards remains strong, driven by the promotion of digital RMB and the third-generation social security card [1] - The market for communication smart cards is stable, with significant demand for eSIM products due to the growth of 5G and IoT industries [1] Group 2: Financial Performance and Challenges - The company aims to stabilize the gross profit margin of smart card products through product innovation and enhanced sales of high-end products [2] - Rising raw material prices and supply chain challenges are impacting some products, prompting the company to adjust its supply chain strategy [2] - R&D investment in 2020 was approximately 190 million CNY, accounting for about 11% of revenue, with a focus on blockchain, AI, cloud-native, and edge computing technologies [2] Group 3: Digital Currency and Smart Education - The company is developing a digital RMB hardware wallet, currently being tested by some banks, in response to the increasing pilot cities and acceptance scenarios for digital RMB [2] - The smart education business faces challenges due to a historical focus on hardware over software, but the company is working to expand its market presence and improve revenue [2] Group 4: Corporate Governance and Reforms - The transfer of shares by the major shareholder is part of the reform policies for enterprises affiliated with higher education institutions, with necessary approvals obtained from relevant authorities [3]