Linewell Software Co.Ltd(603636) : in 2020, the revenue of electronic license projects will not exceed 2%

Linewell Software Co.Ltd(603636) ( Linewell Software Co.Ltd(603636) ), which harvested the fourth board, announced on the evening of March 16 that since March 11, the cumulative increase of the company’s shares has reached 39.99%, with a large increase in the short term, but there has been no significant change in the fundamentals of the company. Among them, the projects involving electronic licenses accounted for no more than 2% of the company’s operating revenue in 2020, which has no significant impact on the company’s production and operation.

It is reported that the electronic identity card is based on the “identity card law”, based on the data of ID card certification, and the electronic document that is the only correspondence to the entity identity card chip through the national Internet plus trusted identity platform. It is also the national legal certificate and body certificate approved by the Ministry of public security.

Electronic licenses attracted much attention during the two sessions. At the two sessions of this year, the 2022 government work report proposed to strengthen the construction of digital government, promote the sharing of government data, further reduce various certificates, expand the scope of “inter provincial general handling”, basically realize the exchange and mutual recognition of electronic certificates, facilitate the cross regional operation of enterprises, and speed up the handling of matters of concern to the masses. Brokerage institutions believe that during the two sessions, the emphasis on the electronization of ID cards and relevant policies are expected to accelerate the industrial trend.

It is worth noting that Linewell Software Co.Ltd(603636) has certain advantages in electronic license business. The company introduced on the interactive platform earlier that the company is the leader of the national electronic license group, participated in the formulation of six national standards, created the first integrated electronic license platform at the provincial and municipal levels, and promoted it throughout the country. At present, its business has covered 22 provinces / municipalities directly under the central government.

Linewell Software Co.Ltd(603636) has disclosed in the semi annual report of 2021, and the company formed a “product line” network product matrix based on the evolution needs of government digital transformation, including government service integration platform, Internet plus supervision integration platform, block chain electronic certification, cloud collaborative office platform and so on.

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