Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

SIM Card Supplier Forecasts over 100% Q1 Profit Growth

eNet, 4/10/08

Chinese smartcard solutions supplier Eastcompeace (002017.SZ) has announced it expects Q1 profits to grow 100% to 120% YoY.

Eastcompeace is one of China Mobile's (NYSE: CHL; 0941.HK) first core suppliers of TD-SCDMA SIM cards, and has started to deliver a small number of cards. According to the firm it will use this opportunity to restructure in step with the growth of next generation telecommunications technology and actively fight for a larger market share.

Eastcompeace saw operational income of RMB 772 mln in 2007, up 41.5% YoY. SIM cards accounted for RMB 496 mln of this, up 43.6%. It is number one in mainland China in terms of SIM card volume manufactured and total market share.

Editor's note: Guangdong-based Eastcompeace, a subsidiary of China Putian (Potevio), was established in 1998 and listed in Shenzhen in 2004. It offers the following smartcard products and related solutions: microprocessors and memory cards for various uses, including wireless communication (SIM cards), government (identity/health), payment systems (ATM, Visa, Mastercard), and loyalty of membership programs; middleware server solutions, such as over-the-air provisioning and in-house personalization; and professional services, such as smartcard project consulting and training support.

Keywords: Eastcompeace 002017.SZ Q1 2008 China Mobile CHL 0941.HK TD-SCDMA 3G SIM card market share China Putian Potevio smartcard


Please note, all fields are required.
None of your personal information will be shared with third parties.


Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports