Eastcompeace Technology Co.Ltd(002017) ( Eastcompeace Technology Co.Ltd(002017) ) disclosed the 2021 annual report on April 19. During the reporting period, the company achieved an operating revenue of 1.072 billion yuan, a year-on-year increase of 0.92%; The net profit attributable to the shareholders of the listed company was 43.459 million yuan, a year-on-year increase of 22.56%.
The annual report shows that during the reporting period, the company’s smart card business was based on differentiation, tapping potential and structured upgrading strategy. We vigorously explored the blank stock market and grasped the opportunity of upgrading. Throughout the year, financial cards and social security cards maintained a good market share. Digital security and platform business focus on digital innovation and application in vertical industries, and further promote the extension of the company’s innovative business strategy. In 2021, more than 40 new business projects of digital security and platform were expanded: mainly including power grid ESIM and security chip solution project, Beidou vehicle terminal se scheme and security management platform project, and digital currency products entered the product testing stage in cooperation with financial institutions.
In 2021, the company’s international business will implement the policies of adjusting structure, controlling risks, improving scale and increasing benefits. Overseas business income exceeded expectations, and the annual sales revenue was 270 million yuan, a year-on-year increase of 21%. Singapore companies, Russian companies and Indian companies have made profits by adjusting structure, controlling risks and strengthening management. In 2021, the company exported digital technology consulting services, assisted Russian operators to successfully pass GSMA certification, and signed RSP platform business contracts with many operators. The M2M application scenario of the Internet of things continued to expand.
During the reporting period, the company focused on increasing R & D investment and intensity in the evolution and development of IC card operating system, chip platform development, digital innovation R & D and overseas technological innovation, which effectively supported the dominant position of the company’s three smart card production lines and the strategic extension of innovative business. The company obtained 29 authorized patents throughout the year, passed the annual assessment of “national intellectual property advantage enterprise” and successfully applied for the “construction project of Guangdong high-value patent cultivation and layout center in 2021”.
