Mobile Payment Network News: Xinguodu disclosed its interim report on August 3, 2022. The company achieved a total operating income of 2.123 billion yuan in the first half of 2022, an increase of 31.8% year-on-year; and achieved a net profit of 195 million yuan, an increase of 108.9% year-on-year.
According to the financial report, Xinguodu’s main business is divided into four parts: payment services and scenario digital services, electronic payment equipment and biometric products, audit service services and innovative services.
payment service and scenario digital services mainly come from its subsidiary Jialian Payment.
Jialian Payment mainly provides convenient payment and settlement services for customers of different industries and scales, and through the "payment + operation" service system, payment is used as the entrance to integrate into merchant business scenarios. At the same time, according to the characteristics of different industries, we use the SaaS model to provide customers with value-added services and industry solutions such as member management and intelligent marketing.
In terms of payment services, during the reporting period, Jialian Payment achieved operating income of approximately 1.653 billion yuan, a year-on-year increase of 58.87%, accounting for nearly 80% of the total revenue of Xinguodu; the cumulative transaction turnover was approximately 1.34 trillion yuan, an increase of 64.05% from the transaction turnover of 0.81 trillion yuan in the same period last year, and the daily transaction turnover exceeded 10 billion yuan during the peak period.
Financial report believes that the revenue of the acquisition business in the first half of the year was able to overcome the impact of the epidemic and achieve rapid year-on-year growth, mainly because Jialian Payment has long-term investment and accumulation in the national sales system, brands, products and services. As of the end of the reporting period, the total number of Jialian Payment branches nationwide was about 1,200, covering 183 cities and counties, and reached cooperative relations with more than 400 domestic banks.
In terms of scenario digital services, during the reporting period, Jialian Payment released and iterated a number of merchant SaaS software and hardware products, such as Jialian Cloud Store SaaS, cloud power banks, equity platforms, etc. From a single POS collection equipment to providing merchants with diversified value-added products, merchant digital services have been the key focus of payment collection institutions in recent years, and Jialian Payment is of course no exception.
electronic payment equipment part mainly comes from its subsidiary Xinguodu Payment. In terms of electronic payment equipment, Xinguodu Payment’s main products and businesses are the production, research and development, sales and leasing of terminal equipment software and hardware mainly based on financial POS machines, providing customers with comprehensive solutions based on electronic payment. The main products include POS machines (intelligent POS, mobile POS, scanning code POS terminal, face-scan payment terminal, desktop POS, MPOS and new payment terminal), password keyboard and external devices, etc.
During the reporting period, Xinguodu Payment achieved operating income of approximately RMB 390 million, of which sales revenue of approximately RMB 263 million in overseas markets, an increase of approximately RMB 20.92% year-on-year. As of the end of the reporting period, the cumulative amount of overseas orders obtained by Xinguodu Electronic Payment Equipment was approximately RMB 570 million, of which the orders delivered during the reporting period were approximately RMB 263 million. Benefiting from the high-gross profit intelligent POS products in the shipment of payment equipment in overseas markets, Xinguodu Electronic Payment Equipment Business has maintained a good gross profit margin level.
Innovation business part includes three aspects: digital RMB, smart medical insurance, AI artificial intelligence technology innovation and application. It can be understood as the investment in innovative products and services based on the current market and direction considerations.
In terms of digital RMB, Xinguodu is promoting cooperation with banking institutions in the field of operating activities and technical services of digital RMB. According to the financial report, Xinguodu has completed the preliminary technical joint coordination and system tests of some institutions, and cooperated with banking institutions to further assist merchants in accepting terminal transformation, dual offline pilot transformation and scenario implementation and other promotion services. At the same time, Xinguodu is also actively developing the digital RMB "hard wallet" product development, and has completed product design and technology development.
It is worth noting that during the reporting period, Xinguodu Europe, a wholly-owned subsidiary of Xinguodu, has obtained a payment institutions (Payment institutions) business license granted by the Luxembourg Financial Regulatory Commission, which can carry out merchant collection services in the EU. This move marks the successful move of the New Capital to overseas markets by moving its "payment + terminal" model.
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