Recently, China Mobile and China UnionPay signed a cooperation agreement on mobile payment services in Shanghai. The two sides will jointly launch near-field payment communication standards and bank payment standards based on NFC. This cooperation message was also interpreted by the outside world as "China Mobile abandons the 2.4GHz standard."
Affected by this, the national technology of the R&D company of the 2.4GHz standard was disclosed in the first half earnings reduction announcement. The company achieved a net profit of approximately 29.46 million yuan to 35.35 million yuan in the first half of the year, a year-on-year decrease of 40% to 50%.
National Technology believes that there are two reasons for the first half of the performance decline: First, due to increased market competition, the company’s main product USBKEY security master chip gross margin and revenue decline; the second is mobile payment products and communications RF chip business It has not yet materially affected the performance.
Southwest Securities previously reported that due to the uncertainty of mobile payment standards, the development of the national technology mobile payment business was slow, and the mobile payment business sales revenue fell by 51%, resulting in the company’s reliance on the security chip is higher, and the security chip products in 2011 ( Excluding mobile payments) accounted for 70% of the total revenue of the main business. At the same time, the USBKEY security chip market is becoming increasingly fierce, with both product prices and gross margins falling.
Last year, the national technology’s net profit fell nearly 40% year-on-year. In the first quarter of this year, it continued to decline, and its performance was almost the same as last year. In the second quarter, national technology still failed to reverse the difficulties.
Previously, there were brokerages who pointed out that national technology hopes to make breakthroughs in mobile payment services, but before the finalization of mobile payment standards, national technology is bound to face greater uncertainty; and national technology to ensure both secure chip technology There are advantages, but also need to continue to invest heavily in research and development. The data shows that the annual R&D expenditure of National Technology reached 166 million yuan, accounting for 29.07% of the operating income for the current period. In 2010, the ratio was 19.08%.
According to the original plan, the national technology intends to increase the proportion of mobile payment services. In July 2009, the company teamed up with China Mobile to promote the 2.4 GHz standard, which is in contrast with the China UnionPay-led 13.56 MHz standard. According to international conventions, the 13.56MHz standard is undoubtedly the trend of the times, but China Mobile does not make concessions. The dispute over mobile payment standards lasts for two years. National technology inevitably becomes the victim of the standard dispute.
However, national technology is still struggling to promote the development of the 2.4 GHz standard. It will continue to promote its 2.4G mobile payment technology in Qingdao.
National Technology announced last night that it had signed a strategic cooperation agreement with Qingdao Qindao Tongka Co., Ltd. and planned to complete the following tasks: jointly promote the combination of 2.4G mobile payment technology and “Qindaotong†to promote mobile payment and related value-added services In the Qingdao area and other cities connected with the “Qindaotong†card, national technology actively cooperates with Qindaotong Company and its interlinked city Tongka Company in Shandong Peninsula to carry out upgrading and reconstruction of urban public transport POS equipment; The mobile payment technology is more extensive than the urban transportation system to enhance the overall digitization of Qingdao cities.
Affected by this, the national technology of the R&D company of the 2.4GHz standard was disclosed in the first half earnings reduction announcement. The company achieved a net profit of approximately 29.46 million yuan to 35.35 million yuan in the first half of the year, a year-on-year decrease of 40% to 50%.
National Technology believes that there are two reasons for the first half of the performance decline: First, due to increased market competition, the company’s main product USBKEY security master chip gross margin and revenue decline; the second is mobile payment products and communications RF chip business It has not yet materially affected the performance.
Southwest Securities previously reported that due to the uncertainty of mobile payment standards, the development of the national technology mobile payment business was slow, and the mobile payment business sales revenue fell by 51%, resulting in the company’s reliance on the security chip is higher, and the security chip products in 2011 ( Excluding mobile payments) accounted for 70% of the total revenue of the main business. At the same time, the USBKEY security chip market is becoming increasingly fierce, with both product prices and gross margins falling.
Last year, the national technology’s net profit fell nearly 40% year-on-year. In the first quarter of this year, it continued to decline, and its performance was almost the same as last year. In the second quarter, national technology still failed to reverse the difficulties.
Previously, there were brokerages who pointed out that national technology hopes to make breakthroughs in mobile payment services, but before the finalization of mobile payment standards, national technology is bound to face greater uncertainty; and national technology to ensure both secure chip technology There are advantages, but also need to continue to invest heavily in research and development. The data shows that the annual R&D expenditure of National Technology reached 166 million yuan, accounting for 29.07% of the operating income for the current period. In 2010, the ratio was 19.08%.
According to the original plan, the national technology intends to increase the proportion of mobile payment services. In July 2009, the company teamed up with China Mobile to promote the 2.4 GHz standard, which is in contrast with the China UnionPay-led 13.56 MHz standard. According to international conventions, the 13.56MHz standard is undoubtedly the trend of the times, but China Mobile does not make concessions. The dispute over mobile payment standards lasts for two years. National technology inevitably becomes the victim of the standard dispute.
However, national technology is still struggling to promote the development of the 2.4 GHz standard. It will continue to promote its 2.4G mobile payment technology in Qingdao.
National Technology announced last night that it had signed a strategic cooperation agreement with Qingdao Qindao Tongka Co., Ltd. and planned to complete the following tasks: jointly promote the combination of 2.4G mobile payment technology and “Qindaotong†to promote mobile payment and related value-added services In the Qingdao area and other cities connected with the “Qindaotong†card, national technology actively cooperates with Qindaotong Company and its interlinked city Tongka Company in Shandong Peninsula to carry out upgrading and reconstruction of urban public transport POS equipment; The mobile payment technology is more extensive than the urban transportation system to enhance the overall digitization of Qingdao cities.
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