With the gradual definitude of the first-generation resident abolition period, the second-generation resident ID card is expected to be officially implanted with fingerprint information technology, and experts are calling for the implementation of the "one-card" type third-generation resident identity card integrated into the financial services business. The chip supplier began to attract the attention of the market.
On October 24th, the 23rd session of the 11th National People's Congress Standing Committee heard a statement from the State Council on the proposal to review the "Amendment of the Resident ID Law of the People's Republic of China (draft)". The draft plans to add provisions that “citizens who apply for collection, redemption, or replacement of resident ID cards should register fingerprint information†and intend to provide that the first-generation resident ID cards will cease to be used from January 1, 2013. At the same time, some experts suggested that because of the poor anti-counterfeiting capabilities of the second-generation ID cards and their unique functions, they could be replaced by third-generation resident ID cards that include biometric information such as fingerprints, irises, DNA, etc. that are unique in terms of citizenship and will not change. First- and second-generation resident ID cards, bank card information, transportation card information, daily life information such as shopping cards, discount cards, etc., for resident identity cards.
As soon as the news came out, the resident identity chip suppliers in the market were active. On the 24th, although Jingyuan Electronics released its third-quarter financial report, the company’s net profit for the period from January to September decreased by 23.75% year-on-year, but it still closed up 2.31% on the same day. On the 25th, it gapped higher and closed, up 6.71%; Datang. Telecom also recorded an increase of 5.28% on the 25th.
According to relevant research data, Shanghai Huahong, Beijing Huada Electronics and Datang Telecom's Datang Microelectronics and Tongfang Microelectronics currently share the domestic second-generation ID card market.
In May of this year, Datang Telecom announced the official launch of DMT-CTSB32A4, a 32K social security card chip product with financial capabilities, and achieved commercial scale.
The relationship between crystal source electronics and social security card chips and residential ID cards is due to Tongfang Microelectronics. In November 2010, Jingyuan Electronics announced an asset restructuring announcement. After the reorganization, Jingyuan Electronics will hold 100% equity of Tongfang Microelectronics. According to Tongfang Microelectronics' official website, Tongfang Microelectronics' main qualifications and typical product applications include: production of fixed-point units for commercial cryptographic products and sales license units; second-generation resident identity card specific chip module design units and production suppliers, and second-generation certification equipment with radio frequency Chip supplier; mobile communication SIM card chip supplier; bus CPU card chip and reader equipment RF chip supplier; Beijing-Tianjin Intercity Railway Express Card chip provider; Members of the Standards Working Group and Deputy Group Leaders of the Task Group, etc. The company is committed to the development of core chips for smart cards and RFID electronic tags in the areas of identification, telecommunication operations, financial transactions, security, and logistics, and the cumulative shipments of products have exceeded 500 million.
On the 25th, Jinyuan Securities stated in its research report that due to the financial function of social security card loading, chip prices will increase to more than double the price of traditional products; the upgrading of resident identity cards will make ID chip shipments re-enter rapid growth. Channels, and the further promotion of the mobile wallet business, mobile payment chips into the volume phase and other reasons, Tongfang Microelectronics's performance is expected to exceed expectations.
On October 24th, the 23rd session of the 11th National People's Congress Standing Committee heard a statement from the State Council on the proposal to review the "Amendment of the Resident ID Law of the People's Republic of China (draft)". The draft plans to add provisions that “citizens who apply for collection, redemption, or replacement of resident ID cards should register fingerprint information†and intend to provide that the first-generation resident ID cards will cease to be used from January 1, 2013. At the same time, some experts suggested that because of the poor anti-counterfeiting capabilities of the second-generation ID cards and their unique functions, they could be replaced by third-generation resident ID cards that include biometric information such as fingerprints, irises, DNA, etc. that are unique in terms of citizenship and will not change. First- and second-generation resident ID cards, bank card information, transportation card information, daily life information such as shopping cards, discount cards, etc., for resident identity cards.
As soon as the news came out, the resident identity chip suppliers in the market were active. On the 24th, although Jingyuan Electronics released its third-quarter financial report, the company’s net profit for the period from January to September decreased by 23.75% year-on-year, but it still closed up 2.31% on the same day. On the 25th, it gapped higher and closed, up 6.71%; Datang. Telecom also recorded an increase of 5.28% on the 25th.
According to relevant research data, Shanghai Huahong, Beijing Huada Electronics and Datang Telecom's Datang Microelectronics and Tongfang Microelectronics currently share the domestic second-generation ID card market.
In May of this year, Datang Telecom announced the official launch of DMT-CTSB32A4, a 32K social security card chip product with financial capabilities, and achieved commercial scale.
The relationship between crystal source electronics and social security card chips and residential ID cards is due to Tongfang Microelectronics. In November 2010, Jingyuan Electronics announced an asset restructuring announcement. After the reorganization, Jingyuan Electronics will hold 100% equity of Tongfang Microelectronics. According to Tongfang Microelectronics' official website, Tongfang Microelectronics' main qualifications and typical product applications include: production of fixed-point units for commercial cryptographic products and sales license units; second-generation resident identity card specific chip module design units and production suppliers, and second-generation certification equipment with radio frequency Chip supplier; mobile communication SIM card chip supplier; bus CPU card chip and reader equipment RF chip supplier; Beijing-Tianjin Intercity Railway Express Card chip provider; Members of the Standards Working Group and Deputy Group Leaders of the Task Group, etc. The company is committed to the development of core chips for smart cards and RFID electronic tags in the areas of identification, telecommunication operations, financial transactions, security, and logistics, and the cumulative shipments of products have exceeded 500 million.
On the 25th, Jinyuan Securities stated in its research report that due to the financial function of social security card loading, chip prices will increase to more than double the price of traditional products; the upgrading of resident identity cards will make ID chip shipments re-enter rapid growth. Channels, and the further promotion of the mobile wallet business, mobile payment chips into the volume phase and other reasons, Tongfang Microelectronics's performance is expected to exceed expectations.
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