1. The cheating prevention and control system is expected to be large-scale in 22 years, driving the reversal of the company’s performance. According to the company’s performance forecast, the net profit attributable to the parent company in 2021 was RMB 90-110 million. The company’s performance declined year-on-year in 2021, mainly due to the fact that the promotion of the fraud prevention and control system was not as expected. Under the catalysis of the event of cheating in the 21-year graduate examination and the strict prevention and control of cheating in the 22-year college entrance examination, the company’s cheating prevention and control system is expected to accelerate. At the same time, the demand of the National Examination Center for anti cheating is also expected to accelerate the introduction of relevant policies. At present, the market space of cheating prevention and control system is about 2.4 billion, and the penetration rate is about 20%. As a leading enterprise in the industry, the company will occupy a great advantage.
2. The company’s medium and long-term layout of smart education is expected to benefit from the accelerated information construction in the school. The company’s smart education product solutions mainly include smart sports and career planning business. With the release of the “double reduction” policy and the national fitness plan (2021-2025), we believe that students will spend more time in the school in the future, and the level of information construction in the school is expected to be greatly improved. The company has mature solutions in smart sports and career planning, and is expected to make full profits in the future.
China is starting the cycle of large-scale expansion of wafer manufacturing capacity. With the support of increased international environmental uncertainty, policies, capital and local customers, the verification and import progress of Chinese made semiconductor equipment in local customers has been accelerated. Naura Technology Group Co.Ltd(002371) coordinated layout in etching, film deposition, oxidation diffusion, cleaning and other fields has continued to enter China’s wafer factories on a large scale, and the performance is expected to improve significantly.
