XGD(300130)2024-06-04 12:31Group 1: Business Overview - The company's main products and services include payment services, digitalization services, and the research, production, and sales of electronic payment devices, with a focus on global expansion and innovation in AI-related businesses [2][3]. - The company has launched a digital employee product that enhances operational efficiency for enterprises and merchants, providing cost-reduction solutions [2]. Group 2: Industry Outlook and Compliance - New regulations, such as the "Non-Bank Payment Institutions Supervision and Management Regulations," are expected to enhance compliance in the payment industry, leading to high-quality development and resource concentration among compliant leading payment institutions [3]. - In 2024, the company plans to leverage domestic consumption recovery opportunities by improving its direct sales network and deepening cooperation with banking institutions [3]. Group 3: Performance and Market Trends - The decline in transaction volume for JiaLian Payment in 2023 was primarily due to license renewal interruptions and enhanced risk control compliance [3]. - The proportion of QR code payments in JiaLian Payment's transaction volume has shown a continuous growth trend since 2023 [3]. Group 4: Technological Innovation - The company is actively investing in R&D for new technologies and payment methods, including SoftPOS, digital RMB, and domestic financial operating systems, to meet stringent market security demands [4]. - The company has achieved significant breakthroughs in payment hardware and software product certifications, laying a foundation for entering key overseas markets [4]. Group 5: International Expansion - The company is aggressively pursuing a strategy for overseas payment hardware, expanding its sales network in major markets such as the Middle East and Latin America, and entering high-end markets in Europe, Japan, and the U.S. [4]. - The company has achieved sales in over 90 countries and regions globally, with a positive outlook for the overseas payment device market due to the increasing penetration of non-cash payments [4]. Group 6: New Product Launch - The newly launched cross-border payment product, Paykka, supports payment services in over 10 major global currencies and acquiring services in more than 150 currencies [5].