As of the closing on February 11, Wuhan Tianyu Information Industry Co.Ltd(300205) closed at 18.98 yuan, and the share price hit a five-year high. The gem index fell by 5.59% from February 7 to February 11. Affected by favorable policies and other factors, the share price of digital currency concept stocks rose sharply against the trend. Among them, the share price of Wuhan Tianyu Information Industry Co.Ltd(300205) rose by 43.46% for four consecutive trading days from February 8 to February 11.
digital currency sector “flying against the trend”
Last week, the gem index remained in the doldrums, and in the past five trading days, the digital currency sector index bucked the trend and rose as high as 14.28%.
The reason may be attributed to the intensive release of relevant policies and plans. On February 8, the people’s Bank of China, together with the State Administration of market supervision, the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission, jointly issued the 14th five year plan for the development of financial standardization. It is clearly mentioned that we should steadily promote the development of legal digital currency standards. Comprehensively consider the security and credibility infrastructure, issuance system and storage system, registration center, payment transaction communication module, terminal application, etc., and explore the establishment and improvement of legal digital currency infrastructure standards. The opinions on supporting the high-quality development of Beijing Urban sub center, the overall plan for the pilot of comprehensive reform of factor market allocation and the digital economy development plan of the 14th five year plan also mentioned the construction work related to digital RMB.
From the perspective of promotion, the application scope of digital RMB continues to expand. According to the latest data of the central bank, by the end of 2021, there had been more than 8.0851 million digital RMB pilot scenes, six times the number of scenes six months ago. In addition, according to Beijing’s official data, by the end of 2021, Beijing had opened more than 12 million digital RMB personal money bags and more than 1.3 million public wallets, covering more than 400000 Winter Olympics scenes such as food, housing, transportation, tourism, shopping, entertainment and medicine, with a transaction amount of 9.6 billion yuan.
The reporter combed the public data and found that many listed companies in China, including Wuhan Tianyu Information Industry Co.Ltd(300205) , said that at present, the relevant products and technologies related to digital currency are fully prepared. However, given that digital currency is still in the pilot, it has not been rolled out on a large scale and has not generated significant income.
China Securities Co.Ltd(601066) securities analysis pointed out that with the implementation of pilot scenarios such as the Beijing Winter Olympic Games, digital RMB is expected to achieve large-scale promotion in the future. The upgrading and transformation of bank it system, the transformation of terminal payment equipment and the digital encryption / identity authentication / security chip involved in transaction links will bring business increment to relevant listed enterprises, and the relevant industrial chains will usher in greater catalysis.
Wang Chikun, a managing partner and financial commentator of Jianggen capital, said in an interview with the Securities Daily that the rise of the digital currency sector was due to the huge market prospect expectation of digital currency. In the industrial chain, the development and mature application of 5g, artificial intelligence, big data and security technology provide basic technical guarantee for the implementation of digital currency. This is the most important basic project of digital currency, with the broadest market space. The application of currency circulation, such as the issuance, circulation, bookkeeping and access of digital currency, also needs corresponding service providers and suppliers. In addition, digital currency has high requirements for security, and there will be some market opportunities in the field of digital currency security.
Wuhan Tianyu Information Industry Co.Ltd(300205) share price “soared” to a five-year high
Wuhan Tianyu Information Industry Co.Ltd(300205) as one of the leading companies in the digital currency sector last week, it is a leading provider of products and solutions in the field of data security in China and a leader in the smart card industry. Its main businesses include the financial industry, smart payment terminals, Internet of things, enterprise services and K12 smart education business. Its related businesses cover more than 30 countries and regions around the world. Financial IC card, EPOS, traditional POS, intelligent POS and other products are oriented to financial institutions. Tcore, a mobile terminal security solution product, has become the first tee product certified by GP in China.
Behind the soaring share price, Wuhan Tianyu Information Industry Co.Ltd(300205) its fundamentals also showed an improvement momentum. According to the 2021 performance forecast, thanks to the investment income from the sale of Tianyu education, the company expects to turn losses into profits in 2021, and the net profit attributable to the shareholders of the listed company is about 56 million yuan to 83 million yuan.
In September last year, Wuhan Tianyu Information Industry Co.Ltd(300205) completed the school enterprise reform, and private capital entered the Bureau, which may inject “living water” into the development of enterprises.
Under the “double reduction” policy, Wuhan Tianyu Information Industry Co.Ltd(300205) actively divested online education business. On December 15, 2021, Wuhan Tianyu Information Industry Co.Ltd(300205) issued an announcement on the sale of the equity of the holding subsidiary and related party transactions, and planned to transfer 77.0370% of the equity of Tianyu Education held by shenchuang intelligent.
At the same time, Wuhan Tianyu Information Industry Co.Ltd(300205) actively overweight the layout of the digital currency industry. Wuhan Tianyu Information Industry Co.Ltd(300205) once said on the investor interaction platform that the company has products related to digital currency hard wallet. In September 2021, the company announced that it planned to raise no more than 1.35 billion yuan to invest in the industrialization of data security and digital RMB series products and the industrialization of Internet of things security module products.
The company said that investing in digital RMB business is an expansion of the traditional main business. It will combine the company’s basic R & D advantages in information technology and intelligent technology with more application scenarios, empower traditional fields through intelligent technology, and promote economic and social development. As a high-tech enterprise mainly engaged in data security products and solutions, the company’s existing information technology advantages are the basis of this investment in digital RMB and Internet of things projects.
For the development of Wuhan Tianyu Information Industry Co.Ltd(300205) digital currency business layout, the reporter interviewed the company’s Board Secretary by telephone, and the other party said it was inconvenient to accept the interview.
Song Xiaowei, associate professor of Finance and doctor of economics, School of Finance and accounting, Henan College of animal husbandry economics, said in an interview with the reporter of Securities Daily that the strength of Wuhan Tianyu Information Industry Co.Ltd(300205) fully reflects the current rising trend of digital currency concept stocks. The main business of Wuhan Tianyu Information Industry Co.Ltd(300205) is data security and online education. After stripping the online education business, It is expected to tap new growth potential under the digital monetary policy. In the future, Tianyu’s fixed increase fund-raising is mainly arranged in the industrialization of hard wallets such as digital RMB carriers and machines, which may become the profit growth point of the enterprise.
An Guangyong, an expert of the credit management committee of the all union mergers and acquisitions Association, told the Securities Daily that the future digital RMB will be dominated by the central bank and other government departments, and the enterprise level will provide more auxiliary functions, such as providing information security services like Wuhan Tianyu Information Industry Co.Ltd(300205) . Although the digital RMB market will grow significantly, the dividends for enterprises may be limited. In this regard, we should make a clear judgment, steadily promote relevant businesses, and find our accurate positioning in the industry.
