On the last trading day of the year of the ox, the A-share digital currency sector strengthened again. However, the financial Associated Press reporter found that the profits and losses of many digital currency stocks with significant rise and fall in the recent past year can be described as 50-50. The substantive contribution of digital RMB to the company’s performance is generally small. The whole sector presents the scene of “performance before share price”. A number of listed companies admitted that at present, the impact of digital RMB is small, and the pilot promotion will be carried out in accordance with national policies in 2022. A number of securities companies have previously pointed out that digital RMB will bring new opportunities to relevant companies and benefit from multiple links or key benefits such as financial it and terminal applications.
the performance forecast did not mention the figure RMB
The relevant person in charge of Grg Banking Equipment Co.Ltd(002152) (002152. SZ) recently told reporters that the company has participated in the application projects of digital RMB smart teller machines in many scenes outside the Winter Olympics, such as airports and customs. However, the digital RMB is still in the pilot stage and has a lot of early investment. At present, the company is unable to estimate the relevant revenue; Several companies, including Szzt Electronics Co.Ltd(002197) (002197. SZ), Xgd Inc(300130) (300130. SZ), also pointed out that “at present, there is no relevant business landing, which will not have a significant impact on the main business income temporarily”.
The reporter noted that recently, 10 listed companies disclosed the performance forecast for 2021, of which Hengbao Co.Ltd(002104) (002104. SZ), Shenzhen Ysstech Info-Tech Co.Ltd(300377) (300377. SZ) and other expected net profits increased significantly, while Shenzhen Infogem Technologies Co.Ltd(300085) (300085. SZ), Shenzhen Asia Link Technology Development Co.Ltd(002316) (002316. SZ) and other losses last year may exceed 200 million.
The above-mentioned enterprises with promising performance did not mention the digital RMB in the announcement, and the driving factors behind it are different. For example, the investment income of Hengbao Co.Ltd(002104) on its associated enterprise Shanghai Hengyu Investment Center (limited partnership) increased year-on-year, and the annual sales order amount of Shenzhen Ysstech Info-Tech Co.Ltd(300377) financial IT business of the parent company increased by 27% year-on-year, Beijing Cuiwei Tower Co.Ltd(603123) (603123. SH) completed the acquisition of 98.2975% equity of Beijing Haike RONGTONG Payment Service Co., Ltd.
Beijing Cuiwei Tower Co.Ltd(603123) a relevant person from the Securities Department told reporters, “digital RMB is a new acquiring method of our holding subsidiary Haike RONGTONG bank card acquiring business, which will not have a significant impact on the overall acquiring business scale and operating performance, because it is only a payment method, which replaces other payment methods such as card swiping and code scanning, and the total amount is unchanged”.
Even so, in the secondary market, the 28th Beijing Cuiwei Tower Co.Ltd(603123) still took advantage of the concept of digital currency to achieve a perfect ending of three days and two boards. According to choice data, the digital currency concept index rose by more than 10% from January 4 to 24.
However, the rise of share price can not hide the decline of performance. For example, on Shenzhen Infogem Technologies Co.Ltd(300085) 24, which followed the concept of digital currency for six consecutive days, it was predicted that the net profit loss attributable to shareholders was 200-250 million yuan, and the share price plunged by 12.24% the next day; Shenzhen Asia Link Technology Development Co.Ltd(002316) , Guangzhou Kingteller Technology Co.Ltd(002177) (002177. SZ) also suffered from poor performance or delisting risk warning implemented by the regulatory authorities, and the stock price plunged accordingly. While Synthesis Electronic Technology Co.Ltd(300479) (300479. SZ) received a letter of concern from the Shenzhen stock exchange because its share price rose by 90.35% from January 4 to 17 and touched the standard of abnormal fluctuation of share price twice, the company admitted in its reply that the digital RMB related revenue in 2020-2021 was 74700 yuan, accounting for only 0.01% of the revenue in the first three quarters.
Compared with the above companies, Lakala Payment Co.Ltd(300773) (300773. SZ) is quite high-profile. The word “digital RMB” appears repeatedly in its 2020 annual report, and said it plans to invest 500 million yuan in related businesses in the next three years. However, since this year, its share price has not changed significantly. As of the press release, the performance forecast of 2021 has not been disclosed, and the support of digital RMB on its performance is still unknown.
capacity expansion pilot in 2022 is the key
At present, the contribution of digital RMB to listed companies is relatively limited. Whether relevant businesses can drive the performance of Listed Companies in 2022 is undoubtedly of great concern to the market.
Previously, pan Helin, member of the information and communication economy expert committee of the Ministry of industry and information technology and executive director of the Digital Economy Research Institute of Central South University of economics and law, told reporters that the launch of APP on January 4 has brought a lot of expectations to the people all over the country. Of course, there are still many restrictions at this stage, such as designated pilot areas, white lists, etc. Next, we should expand the scope of the pilot area as soon as possible and let more people participate in the pilot. This is also some tests on the technical level. We can see the carrying capacity of digital RMB to deal with payment.
Other industry insiders told reporters that the current speculation in the digital currency sector is large, which still depends on the future performance expectations. However, this year’s digital RMB will usher in a key year. It is entirely possible to expand and pilot the digital RMB after the Beijing Winter Olympic Games. After all, it needs more large-scale testing to find some problems. However, it may take several years for the digital RMB to be officially launched. In addition to the progress in technology, it is also necessary to consider the formulation of relevant laws.
Hengbao Co.Ltd(002104) the relevant person in charge told reporters, “at present, digital RMB does not make any substantive contribution to the performance. At present, there are still few pilot cities. In 2022, we should make plans according to the national policies and the subsequent pilot cities and specific projects”.
Wuhan Tianyu Information Industry Co.Ltd(300205) (300205. SZ) previously told reporters that it was accelerating the research and development and marketing of digital RMB Hard Wallet products, “Because it is still in the pilot stage, banks are still exploring the form of hardware products. It may not be very difficult for their own technology. It mainly depends on the use needs of banks or operating institutions in different scenarios. At present, it is still under research and development.”
Minsheng securities research report pointed out that digital RMB brings opportunities for manufacturers in the issuance and circulation links, and bank it, acquirers and hardware manufacturers are expected to fully benefit. Some analysts also said that for the digital RMB, the provision and development of machinery and equipment, soft and hard wallets, local system transformation, software development and other links in the acceptance link deserve special attention.
