Industry news: electronic ID card will be fully implemented in 2022, opening a new chapter in the development of digital identity applications. On March 11, 2022, Premier Li Keqiang officially said at a press conference that in order to realize the electronization of ID card in 2022, the business can be completed by scanning the code on the mobile phone, and the information security and privacy of citizens should be guaranteed. In February 2022, the general office of the State Council issued the opinions on accelerating the expansion of the application field of electronic certificates and mutual recognition across the country, which proposed that by the end of 2022, the commonly used certificates and licenses of enterprises and the masses will be basically electronic. By 2025, the application field of electronic certificates and licenses will be more extensive, and the electronic application of personal commonly used certificates such as birth medical certificates, household register, ID cards and social security cards will be accelerated, Promote the universal use of relevant electronic licenses.
It has been a long time: digital ID card is one of the basic applications of the Internet plus trusted identity authentication platform (CTID platform). CTID platform is a basic Internet plus Internet plus plan, which is supported by the central network office, the national development and Reform Commission and the Ministry of science and technology. In October 2016, Ctid platform 1.0 went online. In October 2017, the first Research Institute of the Ministry of public security authorized zhongdunanxin to be the only legal operator of Ctid platform. In April 2018, the Ministry of Public Security launched a nationwide pilot of Ctid platform. November 2018, ctid2 0 goes online. Since 2019, Ctid platform has successively provided credible identity authentication services for the State Administration of immigration, the State Administration of market supervision, the Ministry of public security and the State Medical Security Bureau.
Huge space: in the early stage of the construction of digital identity infrastructure, there will be a scene construction of tens of millions of terminals. The offline application of digital identity can be divided into three levels: the first level is the function of ID card, which is used to replace ID card, passport and residence permit in government affairs, hotels, airports and other places; The second level is the comprehensive replacement of various legal documents based on ID cards, including student cards, old-age cards, social security cards, etc; The third level, broad identity authentication and record, involves all access and authority related occasions, such as exhibition, home stay, public rental, etc. It is conservatively estimated that only in the fields of medical treatment, finance, hotel and home stay, the realization of the first level application can bring the magnitude space of more than 13 million devices: 1) at the end of medical institutions, there are 1.02 million medical and health institutions in China, including 35000 hospitals. Assuming an average of 3 devices per medical institution (in fact, the magnitude of hospital demand is larger), the total demand is more than 3 million; 2) On the financial institution side, there are 220000 bank outlets, 10000 securities business departments and 6.4 million insurance salespeople across the country. Assuming that the average number of equipment for each bank outlet / securities business department / insurance salesperson is 10 / 5 / 1 respectively, the total demand is more than 8.5 million units; 3) There are 280000 hotels and 500000 home stay hotels in China. Assuming that each hotel has 2 home stay equipment, the total demand exceeds 1.5 million. The above is only the first stage of ID card level calculation. The space of level II and level III generalized authentication applications is at least one order of magnitude larger than that of level I applications.
Investment suggestion: according to the industrial supply chain division of electronic ID card, it is suggested to pay attention to three investment clues: 1) system platform and construction, and it is recommended to pay attention to Newland Digital Technology Co.Ltd(000997) (jointly carry out the application of ID card online function certificate based on QR code with China shield Anxin, which has entered the shortlist of trusted digital identity ecological industry), Xiamen Meiya Pico Information Co.Ltd(300188) . 2) Reading devices and chips, it is recommended to pay attention to Newland Digital Technology Co.Ltd(000997) , Shenzhen Minde Electronics Technology Ltd(300656) . 3) For encryption and signature services, it is recommended to pay attention to Jilin University Zhengyuan Information Technologies Co.Ltd(003029) (deeply cultivate the identity authentication and password industry and have entered the shortlist of trusted digital identity ecological industry), Beijing Certificate Authority Co.Ltd(300579) .
Risk analysis: the electronic landing progress of ID card is less than expected
