preface
Since the beginning of this year, the digital yuan has achieved "ice-breaking" in many fields in financial application scenarios. Recently, the country's first digital RMB car insurance policy was officially born, which marks the successful landing of digital yuan in insurance application scenarios.
In this regard, some insiders expect that in the future, the digital yuan will have new breakthroughs in loan scenarios, cross-border payments and other fields. At present, the landing of digital yuan financial application scenarios shows signs of acceleration, and as digital yuan deepens into financial application scenarios, more potential will be released and the inclusiveness of digital yuan will be improved on a larger scale.
Four-way fine creation
Price-to-book ratio: 3.52, Net assets per share: 5.23 yuan, Gross margin: 39.21%
The company currently has the technical reserves of digital wallets and will carry out relevant research and development work according to the company's development strategy. The company is conducting in-depth exploration of the application of community-based digital tokens through its wholly-owned subsidiary, Shenzhen Qianhai Lexunfang Blockchain Technology Co., Ltd.
The company's financial situation is good, the operating income has increased slightly in the past three years, and the net profit in the first quarter has increased. In addition, the company's profitability is strong, and the control of sales expenses is high. The current PE is 79.5, which is in the historical normal valuation range, which is moderately valued compared to other companies in the same industry.
UBoxun
Price-to-book ratio: 2.74, Net assets per share: 5.14 yuan, Gross margin: 29.17%
The company's participation in the digital currency pilot is mainly carried out through state-owned banks and customers in the retail and catering industries who have long-term cooperation with the company. The company's reserved NFC technology, end-side TEE-based trusted identity authentication, trusted device authentication, trusted two-dimensional code technology, and cloud-side efficient trusted blockchain and privacy computing and other technical applications are all technical reserves for digital currency research.
The company is in a good financial position. In the past three years, operating income and net profit have increased slightly. In addition, the company's profitability is strong, and the ROE is at the upstream level of its peers. The current PE is 32.7. In the historical normal valuation range. The valuation is lower than that of other companies in the same industry.
Positive wisdom
Price-to-book ratio: 3.36, Net assets per share: 6.35 yuan, Gross margin: 41.32%
The company signed a cooperation agreement with the Digital Currency Research Institute of Chinese Min Bank. The two sides will give full play to their respective advantages, promote the construction of China's digital yuan ecosystem by carrying out innovative applications of digital yuan in the company's core business payment scenarios facing the whole country, and jointly promote the innovative application of digital yuan in smart payment in scenarios such as campuses and enterprise and institution parks, so as to achieve complementary advantages and win-win cooperation.
The company's financial situation is worrying, profitability is weak, financial expense control is not effective, net profit margin -10.5%, and interest rate is quite different, mainly due to the rise in management expenses. In addition, the public debt ratio is high among peers, the short-term solvency is poor, and attention is paid to liquidity risks. The current PE is 49.5, which is in the historical normal valuation range, which is moderate compared to other companies in the same industry.
Chu Tianlong
Price-to-book ratio: 6.75, Net assets per share: 3.08 yuan, Gross margin: 44.32%
The company has carried out certain technical accumulation around the digital RMB hardware wallet and its related products and systems, realized a small number of shipments of digital RMB hardware wallet products, and provided relevant technical services for bank customers.
The company's financial situation is normal, the operating income has increased steadily in the past year, and the profit in the first quarter has increased. However, the company's operating income in the first quarter fell short-term, and it was vigilant against the risk of inflection points. The current PE is 110.8, which is in the historical normal valuation range, which is moderate compared to other companies in the same industry.
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