Guangdong Tecsun Science & Technology (002908.SZ): As of now, there is still nearly 1 billion in issuance space for the third-generation cards.

Gelonghui Finance · Nov 1, 2024 15:09

Guangdong Tecsun Science & Technology (002908.SZ) stated at an investor relations event on November 1st that, up to now, the third-generation card still has nearly 1 billion issuance space. There is a fundamental demand in various regions across the country for social security card issuance services and platform construction. On one hand, the company not only provides card production but also offers comprehensive active card issuance services. For banks, they value the fund precipitation in social security card accounts, as well as customer acquisition and retention. Therefore, banks are more willing to choose service providers like Tecsun. On the other hand, the company has established advantages in setting up a universal card platform and has already established one-card-related service platforms in nearly a hundred prefecture-level cities. Various prefecture-level cities this year have successively issued regulations related to social security card one-card (e.g., Guangdong, Hebei, Tianjin, Jiangsu), formalizing the status of social security card one-card in the form of legal norms. Both social security departments and banks currently highly value the real-name identity and universal lifelong value of the social security card. We believe that the issuance of the third-generation card is a market that will continue to advance steadily, not an explosive one. By providing comprehensive services for social security cards, the company can consistently gain a share of the one-card market, thus becoming a stable cornerstone of its business performance.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

德生科技(002908.SZ)：截至目前，三代卡还有近10亿的发卡空间

Guangdong Tecsun Science & Technology (002908.SZ): As of now, there is still nearly 1 billion in issuance space for the third-generation cards.

Risk Disclaimer

Statement