Feitian(SZ:300386)2022-12-08 01:34Group 1: Company Performance - The company's annual performance will be confirmed in the annual report, with profit decline primarily due to decreased product prices following bank bidding [2] - Sales of earphone Key and Bluetooth Key are steadily increasing, which will positively impact future business [3] - The performance decline is controllable and attributed to price drops rather than market shrinkage [4] Group 2: Regulatory Impact - The draft regulation on non-bank payment institutions is seen as a potential benefit, allowing the company to explore new markets [3] Group 3: New Business Development - The company is focusing on smart cards, leveraging its technical advantages in COS (embedded operating system), with products already shortlisted by several banks [3] - The introduction of Disney-themed public transport cards is underway, with some cities already issuing them [3] - Ongoing projects include social security cards and resident health cards [3] Group 4: Client Base and Market Strategy - The company serves over 180 banking clients, including major banks like ICBC, ABC, and BOC, as well as government and enterprise clients [4] - The company is actively promoting its cloud services internationally [4] Group 5: Future Plans and Investments - The company has ongoing acquisition plans, contingent on strategic alignment and potential synergies [4] - Investments in insurance companies are primarily for financial reasons, considering new security demands in the evolving internet landscape [4] Group 6: Market Trends - The annual issuance of public transport cards ranges between 30 million to 50 million, with sales through direct and distribution channels [5] - New payment methods, such as Alipay, are viewed as opportunities rather than threats, emphasizing the importance of integrating hardware and software solutions [5]