CLP Huada Technology (00085) rose by more than 5% and rose 5.19% at press time to HK$1.62, with a turnover of HK$3.61 million.
The Zhitong Finance App learned that CLP Huada Technology (00085) rose by more than 5% and rose 5.19% at press time to HK$1.62, with a turnover of HK$3.61 million.
According to reports, CLP Huada Technology's integrated circuit products are mainly used in the fields of smart cards, radio frequency identification, and wireless communication. Specific products include second-generation resident ID cards, social security cards, fuel cards, telecom cards, electricity cards, transportation cards, and wireless network equipment used by Chinese citizens. The company's performance is excellent. In 2020-2022, the compound revenue growth rate was 36.9%, and the growth rate in the first half of 2023 was 55.9%, and the growth rate is likely to remain high throughout the year.
According to Eurosmart statistics, global smart card shipments have stabilized at 90-10 billion in recent years, while China is one of the largest smart card application markets in the world, and has maintained growth in medium to high units. According to the forecasts of relevant research institutes, the market size of China's smart card industry will reach 34.47 billion yuan in 2023. According to data from the China Business Intelligence Network, the concentration of the smart card chip industry in China is relatively scattered. CLP Huada Technology ranked second with a market share of 10.69%, second only to Ziguang Guowei.