According to Securities Star, on June 12, 2025, Xiongdi Technology () issued an announcement stating that the company organized an on-site visit on June 12, 2025, with Huayuan Securities Ning Keyu and Huashang Fund Shi Kai participating.

The specific content is as follows: Q: What are the growth points of the company's performance? Answer: The company's performance growth in 2024 is mainly (1) rapid growth in entry and exit and comprehensive police business. In 2024, the national immigration management agency inspected a total of 610 million inbound and exit personnel throughout the year, an increase of 43.9% year-on-year; of which 291 million mainland residents, 254 million Hong Kong, Macao and Taiwan residents, and 64.882 million foreigners. A total of 23.319 million ordinary passports were issued throughout the year, and 94.514 million pass documents and visas were issued between Hong Kong, Macao and Taiwan, an increase of 26.5% and 9.8% year-on-year respectively. The company assists immigration management agencies in improving the public's certificate application business, and transforms and upgrades the use of smart visa equipment and electronic passport certificate application equipment. In 2024, thanks to the convenience policy of "one-stop service, one-photo sharing, and one-photo-usage" issued by the Ministry of Public Security, all provinces responded to the call of the Ministry of Public Security and implemented measures to promote convenient services. The above factors have led to the company's entry and exit and comprehensive police business continuing to grow rapidly, an increase of 34.2% over the same period last year. (2) The overseas market of security certificate business quickly exceeded the company's overseas revenue based on export customs declaration in 2024 of 131 million yuan, an increase of 29% over the same period last year, while the revenue generated based on the contribution of actual overseas customers was 176 million yuan, an increase of 72.51% over the same period last year. The contribution brought by overseas customers has increased rapidly, mainly because the company has continuously improved its overall solution capabilities, and has made good progress in Africa, ASEAN, the Middle East, South America, Hong Kong and other places. The company signed a strategic cooperation agreement on e-passports with the Burkina Faso country in May 2024 and was first released in September of that year, marking the successful opening of the country's e-passport operation model. The project brought the contracted revenue to the reporting period and continued to generate operating revenue in the next five years. The company has also developed the Malawi ID card personalization project, the identity information collection and ID card project in Ethiopia. The success of these projects marks the company's security certificate business has expanded from the sales model of equipment and solutions to multi-dimensional businesses such as digital identity certificates (e-passports, ID cards, driver's licenses, etc.). (3) Smart delivery solution promotion quickly promotes the smart delivery solution launched by the company, solving the pain points of inefficient and error-prone pain points through automatic sorting of documents, automatic mailing, automatic material transportation and automatic loading of documents, freeing manpower and improving mailing efficiency and services. During the reporting period, the company conducted strategic cooperation with the General Postal Administration and implemented postal services in Guangzhou, Henan, Jiangxi and other places. In 2024, the postal projects were tendered, and the company won 19 bids, with a winning rate of 79%, and its revenue increased by 216% compared with the same period last year. (4) Smart Transportation actively product innovation and overseas layout In 2024, the company launched a smart coin-operated terminal integrating cash payment and electronic payment based on the requirements of miniaturization and integrated development of buses. It was successfully launched in Yichang, Qingdao, Xining, Shenzhen and other cities, providing bus passengers with more convenient payment scenarios, and at the same time bringing qualitative improvements to the information management level of bus owners' cashier business. The company's early investment in the smart bus SaaS platform service model has begun to quickly realize equipment sales in some cities by updating old cars. In 2024, the company has fully explored overseas smart transportation-related markets and has begun preliminary market docking work in relevant Southeast Asian countries and cities. Q: What are the main driving factors for the company's future profit growth? Answer: The company insists on being a trusted identity product and solution service provider, reconstructing product value with I, and going overseas to create a dual-core driving strategy of incremental markets, and promoting the company's high-quality development. (1) I technology-driven strategy, from smart devices to scenario intelligent body service providers. The company is deeply engaged in the field of trusted identity. With its profound technical accumulation and accumulation, related technologies and products have been widely used in many industries and scenarios at home and abroad, especially digital identity certificate production equipment and certificate technology, which is comparable to the level of a first-class international enterprise. At the moment of rapid technological change, we still have many shortcomings and gaps that need to be quickly filled. In 2025, we will keep up with the forefront of the industry, fully integrate advanced technical elements such as artificial intelligence, robots, and large models, and fully promote the company's technology iteration and upgrading, strive for excellence in products, reconstruct our equipment products for smart government affairs and smart transportation, and become scenario intelligent service providers. (2) Increase overseas strategic layout, improve industrial chains, and build an overseas ecosystem. The company will focus on the development strategy of the country's "Belt and Road" and based on Xiongdi Technology's professional capabilities, innovation capabilities and service capabilities in the field of trusted identity and security certificates, take certificates, elections, and government affairs projects as its main business goals, and combine the actual needs of different countries to provide professional overall solutions that meet local needs. At the same time, it will open up new ideas in technological innovation and business model innovation, and continue to create a good operating model for Burkina Faso country, strive to copy this model to more countries, promote localized operations, establish a localized team, and realize a multi-dimensional and multi-modal industrial ecology. At the same time, strengthen the industrial chain and ecological construction of overseas business. Actively make arrangements, determine directions, increase investment in Southeast Asia, the Middle East, Africa, South America and other regions, increase the increase in mature business segments (safety certificates, smart elections). At the same time, we must increase product innovation and business model innovation for new markets and new businesses, continuously improve the performance and competitiveness of products and solutions, and at the same time increase the overseas promotion of transportation business. With the expansion of business, we will strengthen brand building and marketing, and enhance the company's brand visibility and influence by participating in international industry exhibitions, technical seminars, etc. Q: In what aspects does the company’s core competitiveness and differentiation in its product line reflect? Answer: The company's core capabilities and competitiveness are mainly in three aspects (1) technological innovation and overall solution capabilities. The company continues to innovate, with R&D personnel accounting for more than 30%, and has an innovation research institute and a postdoctoral practice base. The independently innovative MLP multiple personalized anti-counterfeiting technology represents the advanced technology of the international security certificate industry and is used in security certificate projects in many countries both at home and abroad. The intelligence, digital technology of security certificate equipment and I high safety quality inspection have become one of the core technologies of certificate production equipment. The company has biometrics, intelligent manufacturing, system integration, operation services and other capabilities, and can provide users with full-process solutions from information collection, document production, security verification, document management and scenario application. (2) International Standards and Compliance Capabilities International Civil Aviation Organization (ICO) standards and specifications for machine-readable travel documents (MRTDs), and promote the global popularization of high-end security documents such as electronic passports and electronic ID cards. As the only Chinese company in the ICO machine-readable travel document supplier list, Xiongdi has high recognition in the overseas market. The successful cases of many countries have made the company one of the few manufacturers in the world with the overall solution capabilities of high-end security certificates. (3) Production and Manufacturing and Project Implementation Capability The company is a provider and service provider of electronic passport equipment for business and private purposes in China. The company has a strict product manufacturing quality management system and a complete after-sales service system. Long-term experience in the research and development and manufacturing of certificate products and domestic and foreign projects has accumulated rich experience in product and project implementation, and can quickly respond to customized needs of different users and countries (such as election identity management, multilingual certificate system) to ensure project implementation and delivery. Q: What are the main competitors of the company's overseas business? Answer: The company's main competitors in overseas business include the United States, Germany, and other companies.

Xiongdi Technology () main business: Based on the strategic positioning of a trusted digital identity information comprehensive service provider, the company provides global governments, institutions, enterprises and other users with trusted identity identification and intelligent management integrated solutions that integrate online and offline multi-scenario applications with trusted identity technology, artificial intelligence technology, digital security technology, blockchain and other technologies. The company takes identity information management business as its main line and combines the specific needs of different industries to form two major business segments: smart government affairs and smart transportation.

Xiongdi Technology's first quarter report for 2025 showed that the company's main business income was 58.2223 million yuan, a year-on-year decrease of 19.64%; net profit attributable to shareholders was -10.4763 million yuan, a year-on-year decrease of 3.61.74%; net profit excluding non-network was -12.1483 million yuan, a year-on-year decrease of 1.15.53%; debt ratio was 17.03%, investment income was 1.015 million yuan, financial expenses were -2.2466 million yuan, and gross profit margin was 42.36%.

It is compiled by Securities Star based on public information and is generated by AI algorithm (Internet Information Calculation Number), which does not constitute investment advice.