Satisfying consumers’ increasing demand for personalised experiences, Goldpac is partnering with Käfer to offer an interactive photocard issuance experience for Seamless visitors.

As visitors approach Goldpac’s booth at B36, they will be transported to a neon arcade for a gamified card issuance experience. Guests get to try an instantly issued eco-photocard made with repurposed coffee grounds. With this card, visitors can redeem an attractive coffee discount at Käfer outlets within the venue. An excellent caffeinated treat and souvenir to commemorate their visit to Seamless Europe.

Beneath other neon-lit stations, guests can experiment with streamlined consumer onboarding-to-card issuance experiences and view an array of superlative card effects and technologies.

A portable all-in-one card issuance printer (PIE001) showcases an instant registration and card issuance process, applicable to a wide range of industries. Equipped with built-in PC, touchscreen, and customisable eKYC components, an employee staff card demonstration highlights its capabilities for a variety of card-related functions including intelligent ID photo capture.

A complete debit card onboarding and issuance journey begins on the multifaceted smart terminal (SST502) which encompasses biometric, identification, and document scanning as well as numerous account administrative operations and receipt printing.

With the printed receipt produced, visitors can approach the self-service kiosesk (ACE301) to instantly issue the chosen payment card selected during onboarding. This self-service consumer journey mitigates unnecessary queues and reduces in-branch traffic.

Captivating premium card designs engage consumer interest and drives utilisation. These unique and intricate issuer branding elements range from eco-friendly materials to LED, metal, and encrusted diamonds, among many others.

Visitors can also realise their creativity with the on-demand DIY card printer (DCE160). Create and print unique imagery via Goldpac’s mobiles platform by uploading a picture and using an AI filter to add fun and excitement. Images are put through the AI-powered GoldAudit rules-based content verification service before printing.

Overview

Due to global economic slowdown and other uncertainties in the first half of 2024, customers outside the Chinese mainland experienced longer-than-expected purchasing cycles. As the Chinese government tightened risk management of the banking industry, the industry turned to the existing user market which witnessed a decrease in the quarterly circulation of credit cards and credit and debit duo cards. For the six months ended 30 June 2024, the Group recorded a revenue of RMB542.0 million, representing a year-on-year decrease of 27.3%.

The Group maintained persistence and accelerated the implementation of its digital and platform-based strategy. The Group increased its research and development investment for digital platform, and promoted projects development in automobiles safety, telecommunications, transportation and other fields. The Group’s research and development expenses increased 4.3% year-on-year, accounting for 9.9% of the revenue. The Group recorded a gross profit of RMB132.3 million, and the gross profit  margin was 24.4%, maintaining healthy profitability. Influenced by the decrease of the gross profit, as well as the increase in research and development expenses and the decrease in exchange gains, the Group’s profit for the period was RMB30.5 million, representing a year-on-year decrease of 64.4%.

During the period, the Group’s revenue from embedded software and secure payment products segment recorded a revenue of RMB290.3 million, representing a year-on-year decrease of 39.2%. The Group’s revenue of platform and service business segment decreased by 6.3% to RMB251.7 million.

The Group’s financial performance indicators remained stable and healthy. The Group’s available funds totalled RMB 1.163 billion, and the gearing ratio was 18.7% without any loan. The Group has excellent risk resistance capacity to ensure the stability and sustainability of the business, as well as sufficient investment for future research and development.

Outlook

The focus of banks on digital transformation brings the Group opportunities for advancing business model transformation through its digital and platform-based strategy. The Group offers comprehensive business services for financial institutions by developing its UMV digital platform. The UMV – Goldigital platform helps financial institutions to accommodate consumers’ needs for small-batch, rapidly issued personalised products and further enhance core competitiveness. There are already over 18 corporate customers worldwide in fields of finance and transportation using the UMV – Goldigital platform. The UMV – YoMee platform for end consumers has partnered with over 20 banks and attracted a continuously growing number of end users with its expanding catalogue of customised secure payment products.

The Group will continue to utilise the power of the UMV digital platform, propelling the Group on a new trajectory for growth.

To Stabilise and Capture a Larger Share of the Current Product Market

It is projected that the global credit card market will expand at a CAGR between 5% to 9% from 2023 to 2033. Therefore, the Group will fully utilise the core advantages in the field of secure payment, and leverage the UMV digital platform to advance the development of credit card business. The UMV – Goldigital platform facilitates financial institutions in realising the entire operations life cycle from offer to delivery, helping them to improve service quality and efficiency. Simultaneously, the UMV digital platform integrates the Group’s internal digital system, facilitating the Group in capturing a larger share of the market.

To Promote Innovative Products and Services

During the period, the UMV – YoMee platform promoted innovative products and services to end consumers, which facilitated banks to improve customer experience, and the platform received positive feedback. Benefiting from international card organisations’ support for environment protection, as well as the positive effect of “Race to Zero” campaign, eco-friendly payment products will embrace a rapid development.

To Promote Business Transformation From B2B to B2C2B Models

The Group breaks the traditional B2B business model by introducing a B2C2B structure through digital operation and internet traffic aggregation via the UMV digital platform. The Group allows banks to promote the newest and trendsetting secure payment products on the UMV – YoMee platform. With corresponding online promotional events, the UMV – YoMee platform attracts end users’ attention and purchase of secure payment products, which facilitates financial institutions in precision marketing.

To Expand Global Business Territories

The Group will leverage on the UMV digital platform to promote the business transformation to B2C2B models. The model will change the current situation of repeated allocations of production resources in the global industry via resource aggregation and sharing. Meanwhile, the Group will pay close attention to the diverse needs of different countries and regions around the world and cultivate opportunities to improve market coverage.

Beneath a lush vine canopy, a captivating card gallery highlights Goldpac’s strengthened capabilities towards environmental developments. Showcased eco-friendly materials include recycled PVC, PLA, PETG, metal, and other inventive materials. Premium and intricate card designs offer unique branding elements while engaging consumer interest and driving utilisation with stunning effects such as LED, encrusted diamonds, and digital wallets.

Telecom SIM cards are also featured as the company makes its rollout into the wider telecom industry.

Visitors will see a host of desktop card issuance solutions applicable to a wide range of industries. One of which is a compact, all-in-one card issuance printer (PIE001) equipped with a built-in PC and touchscreen. A staff card issuance demonstration highlights its account onboarding capabilities and a variety of card-related functions including intelligent ID photo capture.

Where creativity meets technology, the on-demand DIY card printer (DCE160) allows users to create and print unique imagery either by uploading a picture or using Goldpac’s mobiles AI content generator. All images run through the AI-powered GoldAudit rules-based content verification service before printing.

A streamlined payment card account onboarding process begins on the smart terminal (SST502). The terminal integrates multiple devices into one, encompassing biometric, identification, and document scanning along with numerous account administrative operations and receipt printing.

After onboarding, visitors approach the self-service kiosesk (ACE301) to instantly issue their chosen payment card selected during onboarding. This self-service consumer journey mitigates long queues and reduces in-branch traffic.

Finally, Goldpac will be demonstrating its UMV issuer and distributor order processing and management automation platform and the YoMee payment card ordering app. This app opens a direct channel to consumers, helping issuers promote their product offerings more efficiently and cost effectively whilst leveraging use of social media. Both focus on addressing the rising trend for mass customisation.

Goldpac is exhibiting its latest digital transformation technologies at InnoEx 2024 (booth 3D-C12). Eight demonstrations adorn four scenario-based backdrops illustrate multiple use cases of self-service kiosesks, desktop terminals, and card issuance-related cloud management solutions.

A simulated bank branch creates a setting for visitors to experience a complete self-service journey. Onboarding (SST-502) and instant card issuance solutions with on-screen virtual assistance (ACE301) are designed to reduce demands on teller windows, lower manpower requirements, elevate customer services quality, and offer greater consumer convenience.

Making its exhibition debut, the YoMee mobiles application provides users with the latest financial news, comprehensive bank card comparison, and card customisation linked with self-service collection, creating a new acquisition channel to target micro-customer groups for banks and financial institutions.

Underpinning YoMee is the UMV card order management platform exhibited in the bank office environment. UMV offers issuers and distributors an extensive card gallery, and order processing automation to help accelerate the sales cycle. It can be integrated with a range of production hardware to reduce manual processing and improve documentation accuracy for faster, more efficient order handling.

Additionally, a staff card onboarding and issuance scenario illustrates how an all-in-one multi-application card issuance printer (PIE001) easily handles identity verification, photo ID capture, and card issuance without the need for an external PC.

Great news for hotels! Eliminate long check in queues with the self-service hotel kiosesk (HT-141-A5). The multifaceted terminal allows hotel guests to manage reservations, check in, obtain their room key, browse hotel information, and book amenities at their own convenience, any time of their stay. 

Finally, a card gallery showcases captivating premium card effects, finishings, eco-friendly materials, LED, and encrusted diamonds among many others. Visitors can realise their creativity with AI-driven image generation and GoldAudit content verification using the on-demand DIY card printer (DCE160). Capitalise on trending topics (popstars, anime, gaming etc.) and enable rapid customer acquisition.

Steady Business Growth

The Group still recorded a revenue of RMB1.417 billion for the year ended 31 December 2023, representing a year-on-year decrease of 7.4%, despite adverse factors such as insufficient effective demand in China. Leveraging on the leading advantages in the field of secure payments, the Group successfully tapped into emerging markets, and recorded revenue of RMB319.9 million, achieving a growth of 27.5%. The revenue of the embedded software and secure payment products business segment from the emerging markets grew by 27.2% to RMB296.7 million.

Facing changes in market demands, the Group strategically adjusted its product structure, increased the proportion of high value-added products and continuously optimized its supply chain management. The Group’s gross profit was RMB420.1 million, and gross profit margin increased 3.3 ppts to 29.7%. Benefiting from its strategic advancement and refined management, operating expenses decreased by 10.1% yoy. In addition, the Group’s profit for the year decreased by 6.1% to  RMB151.2 million while the exchange gains decreased.The Group’s net profit margin remained stable at 10.7%, maintaining its solid profitability.

The Board proposed to declare a final dividend of HK 10 cents per ordinary share and a special dividend of HK 4 cents per ordinary share for the year ended 31 December 2023. If approved by the shareholders at the Annual General Meeting, the final dividend will be HK 14 cents per share, and the dividend payout ratio is up to 79%.

Outlook: propelling forward by breaking technological frontiers

Recently, the Chinese government has initiated the implementation of favorable   measures such as improving the acceptance environment for bank cards and further improving the multi-level and diversified payment service systems that include bank cards, which has been actively responded to by leading institutions such as the People’s Bank of China, China UnionPay, and NetsUnion Clearing Corporation. Chinese payments industry is about to embrace new changes and opportunities. 

Consolidating efforts in UMV platform development

Catering to the needs of digitalization in the payments industry, the Group launches its innovative digital platform — UMV that leverages AI, privacy computing, big data and cutting-edge algorithms to build an one-stop, digitally-integrated service platform. The UMV platform reshapes the value chain of the traditional financial institution business model and helps to realize the on-demand and customized business model to accommodate for various types of order quantities ranging from 1 to 10 million units, thereby creating an innovative ecosystem for payment value chain.

Expanding the scope of new businesses and strengthening core competitive advantages

Responding to the call for “boosting self-reliance and strength in green and low-carbon science and technology”, the Group combines eco-friendly payment products such as eco-friendly cards and metal cards with its digital card issuance

platform and launches multifaceted low-carbon secure payment solutions to help financial institutions around the world in building their competitive advantages on the road to sustainable practices.

Seizing the opportunities of digital RMB pilot in China, the Group has fully utilized resources from the E-CNY Industry Alliance to promote the establishment of digital currency in multiple forms, scenarioses and applications.

Promoting the expansion of secure authentication technologies into multiple fields

The Group has completed the system interface of its telecommunication products with the operators on digital currency and digital identity authentication applications. It has also established strategic cooperative relationships with a number of telecommunications players. The Group will concentrate on promoting the integration of its secure authentication solutions into other sectors such as telecommunications, transportation, Internet of Things and automotive communication.

Venturing into untapped international markets and enhancing global competitiveness

The Group will continue to actively participate in global conferences, exhibitions, and other marketing activities to further elevate its profile in the international markets. The Group will maximize its global footprint by paying close attention to the localized payment needs of different countries and regions, adopting tailored-made marketing strategies, tapping into emerging markets and potential customers.

Looking ahead, the Group will closely monitor the movement of digital developments in the banking industry to fully implement its digital and platform-based strategy while consolidating core business advantages and strengthening technological competitiveness, propelling the business forward with cutting-edge breakthroughs.

To tackle increasing demand for the mass customization of payment cards, Goldpac is introducing two innovative service platforms; a B2B and consumer online management portal, UMV; and DTS, a personalization bureau management system. Available also are a selection of payment solutions including self-service kiosesks, desktop smart terminals and printers, SIM and superlative card finishings.

DTS (Data Task System) is a bureau-grade management solution designed for in-house, in-source, or remote applications. It is a highly secure and scalable platform which streamlines inter-department operations by coordinating data processing tasks, production, quality control, and shipping activities while addressing increasing demand for customized cards. The system helps to reduce production errors from non-automated workflows and enhances production lead times by removing inefficiencies. It allows organizations to gain deeper insights into production patterns and details. The system currently powers the world’s largest single-site personalization center with an annual output of over 400 million cards.

UMV offers issuers and distributors an extensive card gallery, smart design tools, comprehensive comparison of bank card benefits, and order processing automation to help accelerate the sales cycle. Automated tasks from the ordering platform reduces manual processing to improve accuracy of documentation and allows for faster, more efficient order handling. Consumers get a host of payment card related services helping them to choose and select the right card product and issuer for their needs. Furthermore, UMV is fully connected to DTS to enable the management of product life-cycles. It also opens up a new channel for customer acquisition for partnering banks.

Visitors can also experience a complete self-service card issuance journey starting with the onboarding process on the multifaceted smart terminal (SST502). Convenient and feature rich, it integrates identification, document scanning, and numerous account administrative operations onto one device. Visitors can then approach the self-service kiosesk (ACE301) to instantly issue the chosen payment card selected during onboarding.

A host of desktop card issuance solutions will also be showcased including the compact, all-in-one onboarding and card issuance printer (PIE001) with edge computing processing in collaboration with Marvel Digital AI. Visitors can realize their creativity with AI-driven image generation using the on-demand DIY card printer (DCE160).

Telecom SIM cards are also featured as the company makes its first rollout into the wider telecom industry.

Also showcased are captivating premium card effects, finishings, eco-friendly materials, LED, encrusted diamonds and more.

Berlin, Germany 18^th October 2023 – A warm golden hue radiates from booth B20 as Goldpac makes its debut at Seamless Europe. Headlining the event is a suite of stunning and superlatively designed payment card effects, a streamlined consumer onboarding-to-card issuance experience, and fun with AI-generated image card printing.

Attention-grabbing premium payment card designs greet visitors at the front of the booth. These unique and intricate issuer branding elements range from eco-friendly materials to LED and encrusted diamonds. Engage consumer interest and drive utilization with these captivating products.

As visitors venture into the installation, they will see demonstrations of instant card issuance devices used in a wide range of industries.

Beginning at the front, visitors can experience the debit card account onboarding process on the smart terminal (SST502).  The terminal integrates multiple devices into one, encompassing biometric, identification, and document scanning as well as numerous account administrative operations and receipt printing.

With the printed receipt produced, visitors approach the self-service kiosesk (ACE301) to instantly issue the chosen payment card selected during onboarding. This self-service consumer journey experience mitigates long queues and reduces in-branch traffic.

In other areas of the exhibition, visitors will see a host of desktop card issuance solutions. One of which is a compact, all-in-one card issuance printer (PIE001) equipped with a built-in PC and touch screen. An employee staff card issuance demonstration highlights its capabilities for account onboarding and a variety of card-related functions including intelligent ID photo capture and edge computing processing in collaboration with Marvel Digital Ai.

Below a graceful hummingbird wall portrait, visitors can realise their creativity with the on-demand DIY card printer (DCE160). Create and print unique imagery either by uploading a picture or using an AI content generator via Goldpac’s mobiles platform. All images run through the AI-powered GoldAudit rules-based content verification service before printing.

Goldpac Fintech exhibiting its latest technologies at Seamless Middle East 2023 (booth A20). Six displays and demonstrations address current payment card issuance needs, from premium card printing finishes and effects, to fast, efficient card issuance solutions and self-service kiosesk technologies. AI technologies addressing high-throughput content verification and homomorphic encryption are also available, providing early access to new technologies that more deeply address operational challenges faced by financial institutions. 

A simulated bank branch environment, complete with teller window and back-office setup, provides an ideal setting to demonstrate the latest enhancement and upgrades to Goldpac’s payment card issuance technologies.

A host of consumer-focused demonstrations are available and range from customer onboarding (SST-502) and instant card issuance, to card dispensing (ACE301) and on-demand picture cards utilizing text-to-image AI image generation (DCE160, GoldAudit and Marvel Digital Ai). These are all designed to shorten queues, lower manpower requirements, reduce demand on teller windows and thereby elevate customer services quality.

At the back-office, an employee staff card onboarding and issuance scenario demonstrates how an all-in-one card issuance printer (PIE001) easily handles identity verification, photo ID capture, and card issuance without the need for an external PC. In collaboration with Marvel Digital Ai, the photo ID step applies Goldpac developed computational algorithms embedded in Marvel Digital Ai’s edge computing AI chip to process photos in accordance with relevant photo ID requirements, paving the way for further edge computing-related applications.

AI algorithms and processes are also used by the GoldAudit content verification system to facilitate high-throughput content services. High volumes of content (image, text, or video) can be passed through a rules-based AI engine to ensure high rates of accuracy when vetting and authorizing content. This unlocks the possibility for future, large-scale, customized consumer-driven service and product delivery.

Goldpac is also making inroads in providing new categories of products and services for financial institutions. Homomorphic encryption enables dissimilar business organizations to exchange, analyze, and examine encrypted data to unearth fresh consumer insights without exposing any raw data.

Future financial services will likely become increasingly platform based. Goldpac is focusing on enabling technologies that will help evolve the digital transformation process for financial institutions and other industries alike.

Visitors were welcomed by stunning displays of intricate premium card effects and finishings which are works of art in themselves.

The STT502 onboarding terminal sat among majestic portraits of horses, symbolising its ability to integrate functions of multiple devices into one, encompassing biometric, identification, document input, and numerous account administrative operations.

Our compact, all-in-one card issuance printer, PIE001 used an employee staff card issuance demonstration to showcase its capabilities for account onboarding, identity verification, photo ID taking, and card issuance. The photo ID step applied a Goldpac-developed algorithm embedded in Marvel Digital Ai’s edge computing AI chip to process photos in accordance with relevant photo ID requirements.

Below two graceful hummingbird portraits, visitors can print unique imagery with the on-demand DIY DCE160 card printer. They can upload images or utilise an AI content generator via Goldpac’s mobiles platform, which were then passed through GoldAudit rule-based image verification program.

Rounding off the theme of a modern art gallery, a hologram was used to exhibit a range of commercially deployed self-service kiosesks.

Lastly, visitors can enjoy the gallery wall featuring artified visuals of the Goldpac Zhuhai Fintech Centre and videos of our production processes, leaving them with an impressionable experience of what Goldpac has to offer to the world’s fintech development.

Revenue of RMB745.9 million, up 5.1%

Gross profit margin increased

Revenue in overseas regions increased 65.4%

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(22 August 2023, Hong Kong) Goldpac Group Limited (“Goldpac” or the “Group”, stock code: 03315.HK), today announced the interim results for the six months ended 30 June 2023 (“the period”).

In the first half of 2023, the Group recorded revenue of approximately RMB745.9 million, representing a year-on-year increase of approximately 5.1%. The recorded net profit for the period was approximately RMB85.6 million, representing a year-on-year increase of 9.1%. The Group recorded revenue of approximately RMB159.4 million in overseas, Hong Kong and Macao markets, rising approximately 65.4% year-on-year. The Group has provided products and services to 33 countries and regions around the world.

During the period, the Group adopted proactive marketing strategies. The embedded software and secure payment products segment achieved steady growth, recording revenue of approximately RMB477.3 million, rising approximately 2.7% year-on-year. The Group’s revenue in overseas, Hong Kong and Macao markets of this segment recorded approximately RMB148.6 million, representing a year-on-year growth of approximately 66.7%.

During the period, the Group actively shouldered the corporate social responsibility by integrating the concept of green development and low carbon into the Group’s operation, and launched low-carbon secure payment solutions. By combining eco-friendly payment products with digital operation platform, the solutions aim to realize carbon neutrality targets over the full life cycle, boosting the high-quality and sustainable development of the finance industry.  

Benefiting from the growth of 34.8% year-on-year in the digital equipment business, the platform and service business segment recorded revenue of approximately RMB268.6 million, rising 9.7% yearly. During the period, the construction of the UMV platform has achieved remarkable progress with the complete technological infrastructure and business model qualified for different types of orders from 1 to 10 million, which is believed to bring business potential to the Group.

Looking ahead, the Group will extend its core business advantages to new business areas such as low carbon, environmental protection and digital currency through technology investment and product innovation. Meanwhile, the Group will advance the adoption of secure payment products and card issuance solutions in telecommunication, social security and transportation, which is expected to increase the Group’s core business value. In addition, through active cooperation, the Group will efficiently tap targets customers in new markets to expand market coverage and enhance the scale of its core business.

In addition, advancing the construction of the UMV platform is the most important initiative of the Group’s digital and platform-based strategy. The UMV platform aims to build an innovative ecosystem encompassing a secure payment value chain by linking upstream and downstream resources of the industry chain to provide one-stop, digitally-integrated financial business services. The Group will promote the construction of the UMV platform-B2B to achieve a complete digitalized process from demand matching to order delivery, enhancing the service capabilities while reducing costs and optimizing efficiency. Meanwhile, the Group will develop its To-C business through the UMV platform, which has currently obtained authorization from 20 banks. The Group will build a comprehensive marketing and customer-acquisition platform that serves credit cards, credit and other personal finance services to enhance customer stickiness.