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Chengtian Weiye: the advantage of the main industry is stable, overseas layout helps new business type develop Securities Times News, on the evening of April 23rd, Chengtian Weiye (300689) was released.TigerSpinAnnual report 2023. Restricted by domestic and foreign macroeconomic downturn, sluggish market demand, intensified competition in the same industry and other unfavorable factors, the companyTigerSpin.TigerSpin..

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Chengtian Weiye: the advantage of the main industry is stable, and overseas layout helps new business type to develop the Securities Times. On the evening of April 23rd, Chengtian Weiye (300689) released its 2023 annual report. Restricted by the domestic and foreign macroeconomic downturn, sluggish market demand, intensified competition in the same industry and other unfavorable factors, the company achieved a business income of 394.2792 million yuan and a net profit of 8.9176 million yuan. Smart card, as the company's traditional advantage, continues to be the company's performance.TigerSpinThe main source. In 2023, under the guidance of the board of directors and management, the company will promote international development and constantly optimize the global service system. Relying on the mature overseas factory management system, the company responds to the market demand quickly and meets the requirements of large-scale procurement through the strategy of setting up a factory in the customer's location. At the same time, the company is also actively committed to technological innovation and business transformation, continue to strengthen smart card business and steadily invest in semiconductors and information technology business, laying a solid foundation for the development of semiconductors and intelligent security. The main business of smart card continues to be consolidated, and the overseas layout accelerates the expansion in the field of smart card industry. With its deep accumulation in telecom SIM card, financial IC card, license ID card and other products, Chengtian Weiye has become a leading supplier of the whole industry chain in the industry. The company not only seeks direct cooperation with the four major operators in the domestic market, but also has a long-term cooperative relationship with well-known smart card system companies in the international market for many years. It is worth mentioning that Ningbo Chengtian, a wholly-owned subsidiary of Chengtian Weiye, recently passed the qualification examination of China Unicom's 2024mur2025 telecom card and became the shortlisted supplier of China Unicom, and its comprehensive level was recognized by authoritative customers. In the international market, with the advantages of technology, quality and advanced management, the company has obtained the qualification certificate of smart card production or service provided by many organizations, including VISA, MASTERCARD, AMEX and GSMA, etc., and its comprehensive strength should not be underestimated. In terms of production capacity, the company continued to improve the production capacity of smart card hardware during the reporting period. through technological transformation and improving the level of automation, the company not only enhanced production capacity and quality rate, but also made remarkable achievements in the construction of smart factories. The company has further strengthened the process of opening to the outside world and internationalization, through the operation of overseas factories to better serve global customers, shorten product delivery time, and meet the mass procurement needs of customers. In addition, the company is also outstanding in the field of smart card information personalization software services and integrated business card printing services. The production capacity of the production center of Chengtian Weiye in Indonesia provides a solid foundation for the company to further expand into Southeast Asian and African markets and enriches the diversity of products and services. In the domestic market, with the continuous growth of financial IC card demand, the comprehensive business card printing services provided by the company are becoming more and more diversified, and the profitability has been improved. According to MordorIntelligence, an authoritative research organization, due to the continuous development of digitization, the increasing demand for online shopping, and the demand for health care and access control applications, the size of the smart card market is expected to reach $18.69 billion by 2024 and reach $28.22 billion by 2029, with a compound annual growth rate of 8.59%. Under the continuous promotion of Chengtian Weiye's international strategy, the company is expected to benefit from the growth space of the industry and achieve performance breakthroughs. Continue to promote the semiconductor R & D process, the pace of industry recovery to further implement the "extend the industrial chain, expand new areas" development strategy, the company to Chengtian Weiye (Ningbo) Chip Technology Co., Ltd. layout of semiconductor R & D and design, packaging production and other business activities. By further expanding product lines in digital energy, Internet of things, information security and other areas, the company actively builds semiconductor industry ecology, diversifies chip products, and provides long-term momentum for the company's performance growth. In this context, the company's smart card dedicated chip business is growing steadily, through the provision of modular services and products, such as smart card dedicated chip bearer baseband, packaging testing, etc., further enhance the company's core competitiveness in the smart card field. In addition, combined with the competitive advantages of its own packaging capacity and supply chain and customer resources, the company has completed the research and development of some security chips, which are mainly used in the field of information security and signal transmission security, and plan to further explore new application scenarios in the future. comply with the trend of localization and enrich the product line of security chips. Guojin Securities research pointed out that thanks to the rebound in memory prices and industry-wide inventory correction, the Internet data Center (IDC) estimates that the global semiconductor market will rise by 20% to $630.2 billion in 2024, and that the global semiconductor market will reach $804.5 billion by 2027. The whole industry is expected to usher in rapid development opportunities. Generally speaking, on the basis of maintaining the leading position of smart card manufacturing industry, Chengtian Weiye actively extends the industrial chain and increases investment in R & D and production of smart cards and special-purpose chips. at present, it has grown into a system solution service enterprise with an annual production capacity of more than 1.5 billion smart cards and 2 billion dedicated chips. During the 14th five-year Plan period, the company will make use of the national industrial policy and capital market support to actively explore new application scenarios of IC products in 5G, Internet of things, artificial intelligence, AI, big data and other cutting-edge fields, and strive to become a smart IoT solution service provider with dedicated chips as the core. (Wen Sui) proofreading: Liu Rongzhi