SINOSUN(SZ:300333)2022-12-07 08:31Group 1: Product Development and Market Strategy - The company has over ten years of foundational research in paper texture anti-counterfeiting products, with core technology development completed in 2012 [1][2] - Currently, the product is used by approximately 20 commercial banks, with plans for a larger rollout in the second half of the following year [2] - The company aims to optimize and improve products based on customer feedback, addressing issues such as equipment integration and user interface preferences [2] Group 2: Market Demand and Competition - The motivation for banks to adopt paper texture products includes financial security, operational costs, efficiency, and service quality [2] - The market space for paper texture recognition in banks includes all paper vouchers, with an estimated 300,000 bank outlets nationwide, each potentially requiring at least one terminal device [2] - Although there are no direct competitors in technology, other anti-counterfeiting methods exist as market competition [3] Group 3: Sales and Marketing Challenges - The company cannot guarantee immediate acceptance of paper texture products by banks, as market behavior requires time for new technology adoption [3] - The company is currently recruiting sales managers to prepare for future product launches, indicating a proactive approach to market expansion [3][5] - The sales model for the product is still uncertain, with options for selling equipment or providing services [2] Group 4: Financial Implications and Future Outlook - The company anticipates that the development of electronic tickets will not significantly impact the demand for paper tickets, as certain functions will always require paper documentation [3] - The company plans to build a production line for assembling paper texture products to ensure quality and capacity [5] - Future development will focus on two lines: expanding paper texture technology applications and leveraging mobile internet opportunities in both financial and non-financial sectors [5]