\u3000\u30 Beijing Jingyeda Technology Co.Ltd(003005) 51 Shanghai Guao Electronic Technology Co.Ltd(300551) )
Dongfang Gaosheng is an important step in transforming the company into a financial software platform provider. The company announced on January 15, 2022 that 51% of the equity of Beijing Dongfang Gaosheng Investment Consulting Co., Ltd. has completed the industrial and commercial change registration. The acquisition is an important step in transforming the company into a securities it company. Founded in 1998, Beijing Donggao is a leading comprehensive securities information service provider in China. It is committed to creating a new model of “platform + expert + scenario” securities information service. Driven by financial technology and investment research ability, it realizes the digitization of operation management with investment research middle platform system, teaching system and multi scenario support system, and enables experts, investment advisers and service personnel in the field of securities investment.
It is proposed to acquire Zhigu times and build a traffic matrix. On January 24, 2022, the company announced the announcement on signing the letter of intent for acquisition by the holding subsidiary. Donghi tech plans to acquire the relevant assets and personnel related to “short-term King app” under Zhigu times, including but not limited to source code, users, software copyright, technicians, operators, content personnel, etc. Short term king is a mobile app for stock trading. According to the official website, more than 10 million short-term users are using it.
Digital currency equipment provider. According to the report of the securities times, the company has designed and developed a split teller teller machine. The cashier machine is a cash circulation teller cashier machine tailored according to the Bank Of China Limited(601988) current situation. The equipment can support the recharge and withdrawal of soft and hard wallets, as well as the opening of digital RMB soft and hard wallets. The self-service equipment can meet the equipment needs after the scale promotion and use of digital RMB. In terms of digital RMB Hard Wallet, the company is participating in the pilot of digital RMB Hard Wallet products of some banks. Since January this year, the six major banks have fully launched the pilot of hardware wallet, and multi-modal products including visual card, fingerprint card and wearable have appeared one after another.
The equity incentive plan lays the foundation for performance reversal. The incentive plan plans to grant 18 million restricted shares to the incentive objects, accounting for 5.92% of the total share capital of 304047000 shares on the announcement date of the draft incentive plan. The grant price of some restricted shares granted by the incentive plan for the first time is 19.31 yuan / share. The assessment condition of equity incentive is that the income from 2022 to 2024 will not be less than 600 / 790 / 1068 million yuan.
Investment suggestion: the general manager of the company announced to increase his shareholding in the company, demonstrating his confidence in the future development of the company. At the same time, we are optimistic about the company’s potential digital currency business. It is estimated that the company’s EPS in 21-23 years will be 0.10 yuan, 0.29 yuan and 0.54 yuan respectively, maintaining the buy rating.
Risk warning: the landing of digital currency is not as expected; Industry competition intensifies.
