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10 Companies' Cases Outline Hot Spots: Who Is The Driving Force Of Digital Currency "Fake Concept" Blockchain Technology?

2021/6/9 7:14:00 0

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Currency speculators began to wait and see. The policy attitude of regulatory authorities towards digital currency has an important impact on the investment decision of funds.

On May 18, China Internet Finance Association and other three associations jointly issued the announcement on prevention of speculation risk of virtual currency transaction, which prompted the speculation risk of virtual currency transaction and emphasized that virtual currency transaction is illegal financial activity.

Subsequently, on May 21, the financial stability and Development Commission of the State Council called for "cracking down on bitcoin mining and trading.".

A series of events have also had a direct impact on the capital market. According to the 21st century economic report, the concept of mining machinery is basically out of service. But around the development of digital currency, another main line presents a completely different logic.

With the research on digital currency and blockchain conducted by the central bank and other large financial institutions, the relevant business has been reflected in the financial statements of some listed companies.

In the related concepts, which are speculation, which are investment, and which listed companies lack of fundamental support, just rub hot spots?

10 companies map hot spots

Whether it is blockchain or digital currency, it has been brought into systematic research by mainstream investment platforms.

According to the wind hot concept classification, there are 97 blockchain concept stocks and 28 digital currency concept stocks in Shanghai and Shenzhen stock exchanges.

According to the 21st century economic reporter's research, some of these listed companies have actually invested in the research and development of corresponding technologies and started to generate some revenue; But others are some nihilistic "concept skimmers".

The reporter did not fully count the attention of securities companies and other research institutions, and selected 10 companies as research objects. Among them, there are five blockchain concept companies: Tianyang technology, broadcast and television express, Donggang Co., Ltd., Changliang Technology Co., Ltd., and zhongjiabochuang; And 5 digital currency concept companies: Xin'an century, new world, Shenzhou information, Yuxin technology and gaoweida.

Generally speaking, most of the blockchain / digital currency listed companies concerned by institutions are it system service providers of banks and other financial institutions.

This kind of outsourcing IT business has benefited from the last round of digital wave of financial institutions such as banks. Now, as digital RMB is a top-down strategy, with the continuous landing of DCEP (DCEP: Chinese version of digital currency project), these original service providers will also benefit from historical opportunities.

However, according to the reporter of the 21st century economic report, there are still not many companies that have won the bid and have obvious business cards in the process of promoting DCEP.

It has been clear that there are winning projects, and there are card business in the whole digital RMB industry chain, including Xin'an century, new continent and Shenzhou information.

Take Xin'an century as an example. It is a listed company that only landed on the science and technology innovation board in April this year, and there are not many securities companies concerned. Relevant recommendations have been made: Tianfeng securities, Shenwan Hongyuan, Debang securities and Western securities.

The second type of blockchain / digital currency companies that are concerned by institutions are self-developed blockchain systems and provide products and services.

Such enterprises no longer benefit from historical opportunities as it system service providers of banks, but directly provide blockchain technology to change existing business models, such as blockchain electronic invoice.

From the perspective of project progress, it is obvious that different types of companies benefit from different degrees.

Benefit from digital currency

Taking Xin'an century as an example, compared with some similar concept companies, although it also focuses on the digital RMB strategy, its role is relatively clear - that is, providing encryption technology, and has won the bid.

Founded in 2001, the company mainly provides information security products and solutions based on cryptographic technology for finance, government and large and medium-sized enterprises, and is committed to solving the information security problems such as identity security, communication security and data security in the network environment. Its previous customers include more than 200 cities and rural commercial banks including the central bank and Bank of communications, as well as more than 30 foreign-funded and Taiwan funded banks in China.

In January 2021, it won the bid of "purchase of SSL gateway and signature verification server of digital currency project" of Bank of Beijing, and obtained the recommendation of Tianfeng securities.

It is noteworthy that the purchase price of the project is 692000 yuan.

In another case, the new continent is also full of expectations of securities companies.

According to the reporter of the 21st century economic report, China Merchants Securities, Haitong Securities and CICC introduced the new continent one after another during the year.

On May 11, it announced that in order to meet the needs of digital currency related business development, Beijing Asian University, a holding subsidiary, set up its subsidiary with its own funds and hold 100% equity. In terms of positioning, the university will focus on the ecological construction support and operation services of DCEP, and actively participate in the construction and operation promotion of DCEP international supporting facilities.

At present, in the process of promoting DCEP, new continent has been concerned about software supply and payment terminal.

It is worth paying attention to its payment terminals. The popularity of DCEP requires the existing payment terminals to be updated and upgraded. Listed companies can provide intelligent POS to replace traditional POS machines. However, this kind of stable b-terminal charges around the digital currency strategy can contribute good performance to listed companies, but it is not a "sexy story" for the capital market.

Institutions pay more attention to Shenzhou information and are also old-fashioned IT service providers of financial institutions.

Its distributed technology, which is closely related to the blockchain, has also won the bid for a large bank project.

In 2020, the listed company won the bid for the distributed application platform and distributed core business system, and signed 15 customers including Bank of China and Bank of Tangshan; In addition, the company has undertaken the construction of distributed technology center and the design of general architecture of technical components of Bank of China, laying the foundation for subsequent cooperation, and participating in the construction of a new generation of core system of postal savings bank and undertaking important business fulcrum.

This is also one of the enterprises with the most cooperation in digital currency.

The degree of participation of some enterprises is not clear

According to the reporter of the 21st century economic report, some enterprises may benefit from the development of digital currency. However, it is hard to say how involved they are in such a strategy.

Typical cases include Tianyang technology, Changliang technology, Yuxin technology, gaoweida, etc.

These companies have stronger conceptual attributes, and the actual participation in the digital currency industry chain is not clear.

In August 2020, Tianyang technology was listed on the gem. Everbright Securities, Minsheng securities and Guotai Junan have all paid close attention to this company, and their main focus is on the IT services provided by listed companies to financial institutions dominated by banks. In May, Guotai Junan focused on its digital currency business.

Ouyang Jianping, chairman of the board of directors, said that the company has participated in the technical development and testing of CCB digital currency at the first quarter performance presentation meeting.

At present, the head bank only carries out pilot projects on digital currency, and listed companies only indicate that they have participated in the development and testing work, but have not yet indicated that they have formed a profit point. Therefore, even with the support of the Securities Research Institute, they still have strong concept attributes.

Changliang technology is also a well-known IT system service provider of financial institutions. The cooperation with large state-owned banks has long been its advantage.

Although Changliang technology has been recommended by more than a dozen research institutes of securities companies such as Haitong Securities, CITIC Securities and CICC, the company's biggest focus may still be its breakthrough in outsourcing business of large state-owned banks.

Anxin Securities said that as a leading IT enterprise in domestic banks, mastering the key position of the bank's core business system is expected to benefit from the upcoming systematic upgrading of digital currency.

Yuxin technology and galvestra are also concerned by securities companies. As the IT system service providers of banks, there are indeed opportunities for these two companies under the background of the full implementation of digital currency.

The main focus of securities companies on Yuxin technology is "the rapid recovery of traditional software business of listed companies, full orders in hand, and performance exceeding expectations".

In terms of digital currency, although it is also the IT system service provider of the bank, Yuxin technology has not yet made clear the winning project or the card business in the digital currency chain. At present, it is still the industry dividend expectation brought by the promotion of digital currency.

Since this year, the recommendation of high Weida less securities, only Zhejiang securities and Caixin securities.

The recommendation logic is also as a bank IT service provider, with good performance; However, there is no clear digital currency bid winning project, or the card business in the chain.

Blockchain technology and landing capability

According to the research of 21st century economic reporter, some listed companies can provide blockchain technology to set up some products and businesses, such as radio and television express, Donggang shares and zhongjiabo Chuang.

Radio and television express is a company that clearly does blockchain / digital currency business in A-share, and has indeed launched business results.

As early as 2018, at the time of the last round of blockchain / digital currency boom, radio and television express announced that its subsidiaries would jointly invest with other companies to establish blockchain technology companies. The company also received a letter of inquiry from the Shenzhen Stock Exchange.

Three years later, when the concept of blockchain became hot again, radio and television express publicly released their achievement, the enterprise level blockchain technology platform, Yuntong digital chain.

"From the official description of Amex digital chain, the underlying technology of the product should still borrow the existing blockchain public chain technology, so it is hard to say that there is a great innovation." Some people in the IT industry pointed out.

However, the company has made products based on the existing underlying technology, and this product also has cooperative units, such as CCB, Guangfa bank, China Southern Airlines and Guangzhou Radio Group listed on its official website.

"There are almost no technical barriers. Business barriers may be how to win the right to cooperate with these large financial institutions, and finally realize part of the data or business chain of the institutions." The above analysis of IT practitioners.

If it is said that most of the securities companies that recommend radio and television express are small and medium-sized research institutes, then CICC and Guotai Junan, which recommend Donggang shares, are securities companies with clear research views and "quality assurance" in the market.

Donggang's blockchain label has been recognized by the market. The most important thing is that Donggang Ruihong, the main carrier of its blockchain e-ticket business, announced in December last year that it plans to increase capital and share and introduce Shanghai Yunxin, a wholly-owned subsidiary of ant group.

Haitong Securities said that in the past five years since the birth of ant chain, it has achieved 50 + real application scenarios, with more than 100 million "online" times a day, and it has been put into commercial use.

This has filled the expectation for the future commercial use of Donggang Ruihong blockchain e-ticket business.

Donggang shares suggested that the company's blockchain project is still in its infancy and promotion stage, which can not bring significant impact on the overall business performance of the company.

Among the selected targets of economic reports in the 21st century, the securities companies pay less attention to zhongjiabo Chuang.

At present, the company only obtains the attention of Guosheng securities, Tianfeng securities, Guotai Junan, Dongfang fortune, Huaxi Securities, etc. Its business is mainly related to traditional operators such as telecom and mobile. Compared with the concept of blockchain, the 5g concept of zhongjiabochuang will be stronger. At present, the company has established relevant business departments of blockchain business, trying to make achievements in the application of blockchain and privacy computing technology and ecological construction in the future.

In terms of digital currency, the company once said on its official website that its wholly-owned subsidiary, Changshi communications, as a service provider, actively explored mining and computing services relying on rich construction and maintenance experience in the field of communication network. Taking advantage of the abandoned power in Southwest China, such as Sichuan's electricity and Xinjiang's wodian power, we can export and earn foreign exchange in the form of computing services, so as to provide innovative services for miners, which will effectively boost the basic capacity of domestic mining.

However, at the end of May, Inner Mongolia issued eight measures to crack down on the "mining" behavior of virtual currency, which directly suppressed the domestic "mining" behavior. In the eyes of domestic "miners", the government's attitude is unclear at present and needs to wait for the relevant policy to be set.

This also has a direct impact on the new business that Zhongjia Bocheng wants to try to develop, which is likely to "die in the womb".

 

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