In the golden September, the 17th China International Small and Medium Enterprises Fair (CISMEF) was held in Guangzhou, and 17 national-level "Little Giant" enterprises specializing in innovation and specialization from Shenzhen made a collective appearance at the exhibition.
NEXGO, a wholly-owned subsidiary of XGD (stock code: 300130), as the second batch of national-level "Little Giant" enterprises specializing in specialized, innovative and unique products, brought a variety of "specialized, innovative and unique" products to the public, showing how NEXGO improves people's payment methods through scenario-based intelligent terminal devices and utilizes mature comprehensive supporting technology solutions to make life more convenient.
Demonstrating technological prowess and solid capabilities to drive the growth of payment services.
NEXGO's booth is situated in the "Specialized, Refined, Unique, and Innovative" new product launch area of the CISMEF. During a live interview conducted by the Small and Medium Enterprises Association, Director Wang Donghua from the Product Management Center elaborated on four main categories of products showcased by NEXGO: the intelligent payment terminals N5 and N86; the lightweight scanning device G21 primarily serving small and micro enterprises; the Commercial Internet of Things devices KD58, designed to work with cloud platforms; and the industry-specific comprehensive service terminal MR980, dedicated to medical insurance operations.
NEXGO, as a "Little Giant" enterprise specializing in specialization, refinement, uniqueness, and innovation, participated in the 2021 Zhongbo Conference.
He stated that NEXGO is a specialized enterprise engaged in the research, development, production, and sales of financial payment terminals. With 20 years of experience in the payment industry, the company collaborates with banks of various sizes across the nation and exports its products to over 80 countries and regions worldwide. In recent years, NEXGO has witnessed significant and sustained growth in its overseas market. This success can be attributed to the company's long-standing efforts in international expansion, establishing strategic partnerships with clients in regions such as Africa, Europe, South America, and the Middle East. Additionally, by addressing local needs and adapting to the impacts of the pandemic, the company has developed specialized products tailored to local usage scenarios, earning recognition from overseas users.
In September, Costa Rica's Teletica television station reported on the introduction of a new payment method for local train services. The report highlighted that the new payment system utilizes electronic payment terminal devices equipped with contactless capabilities, enabling passengers to purchase tickets in a safer manner. This innovation also facilitates easy handling and operation for train attendants, contributing to the assurance of public health safety while enhancing the efficiency of local railway operations. This payment method is set to be further promoted and implemented across additional train lines by October and November.
The payment terminal devices mentioned in the report are the intelligent electronic payment terminal N6, produced by NEXGO. A standout feature of the N6 is its remarkably slim profile, measuring just 16.9 millimeters in thickness, with the thinnest part at a mere 12.6 millimeters. Additionally, it boasts a 5.0-inch high-definition touchscreen that offers a user experience as lightweight and smooth as that of a smartphone.
The XGD N6 has been deployed on the primary train routes in Costa Rica, with images sourced from the Teletica official website.
Not only in Latin America, but XGD's products have also garnered considerable popularity in Africa. On the occasion of XGD's 20th anniversary this July, NEXGO's African partner, Accelerex, recorded a special video message conveying warm wishes and commended XGD for its diligent efforts in product innovation and cost reduction while enhancing efficiency.
Specialized and Innovative, Core Technologies Empowering the Digital Transformation of Industries.
The achievements of NEXGO in overseas markets stem from its unwavering focus on investment and innovation in the financial payment sector since its inception. It is precisely this commitment that led to NEXGO being selected as one of the second batch of national-level specialized and innovative "Little Giant" enterprises last November.
The specialized and innovative "Little Giant" enterprises are distinguished companies that have undergone rigorous evaluation by authoritative bodies and professional institutions. These trailblazers focus on niche markets, exhibit strong innovation capabilities, possess key core technologies, and demonstrate superior quality and efficiency. They represent one of the most prestigious titles in the national assessment of small and medium-sized enterprises. The specialized and innovative small and medium-sized enterprises are characterized by four main attributes: specialization,refinement, distinctiveness, and novelty. Among them, the "Little Giant" enterprises stand out as industry leaders.
At the China International Fair for Trade in Services, NEXGO provided attendees with an explanation of the comprehensive medical insurance service terminal, MR980.
NEXGO has consistently adhered to its strategy of internationalizing digital payments, steadily ascending to new heights. The company has established subsidiaries in Brazil, Dubai, India, and other locations, with international business growth exceeding 50% annually. According to a report by Nielsen, in 2019, NEXGO ranked among the top five POS manufacturers in the Asia-Pacific region in terms of shipment volume.
Simultaneously, within the domestic market, an array of innovative teams has emerged, primarily focused on payment hardware and anchored in various financial payment channels, advancing steadily through departmental or project-based approaches. XGD has successfully achieved domestic substitution for components in over a dozen products, making it one of the first companies in the country to realize 100% localization of critical financial payment terminal components. The company has also established a research and development team dedicated to creating a domestically-produced financial terminal operating system based on HarmonyOS, striving to propel the comprehensive localization process across the entire industry.
While ensuring the market competitiveness of its core products, NEXGO has also undertaken pioneering research in the realms of digital currency trading terminals, The Internet of Things security, and contextual applications. The company actively provides technical support for the digital transformation of financial institutions such as banks. Currently, the hardware wallet and acceptance terminal, both independently developed by XGD to support digital currency payments, have been successfully introduced to the market.
Investing in the Future: "Little Giants" Establish Overseas Research and Development Centers.
According to XGD's semi-annual report for 2021, the company achieved operating revenue of 1.611 billion yuan during the reporting period, reflecting a year-on-year growth of 34.43%. Among this, NEXGO generated approximately 517 million yuan, representing a remarkable increase of 49.99%. Furthermore, in the expansion of overseas markets, it recorded sales revenue of around 214 million yuan, indicating an impressive year-on-year growth of approximately 113%. The growth of its overseas operations is indeed striking. Looking ahead, the overseas market will continue to be a key focus and growth avenue for NEXGO.
The report further indicates that XGD has maintained a consistently high level of research and development investment over the past three years. From 2018 to 2020, R&D expenditure was 50.8799 million yuan, 62.4758 million yuan, and 53.8408 million yuan, respectively, accounting for approximately 7% of total revenue. In the past three years, 22 R&D projects have been initiated, all of which have successfully transitioned into tangible results.
To enhance its participation in the construction of a global payment ecosystem, NEXGO is focusing on domestic foundations while pursuing global development. Over the next five years, the company plans to establish regional research and development centers in Africa, South America, and Europe, strengthening collaboration with regional countries and enhancing both the company's visibility and the market recognition of its products.
With hardware leading the way and the platform following suit, XGD is leveraging its existing international operations as a foundation. By piloting joint acquiring services aimed at overseas clients, the company is integrating domestic and international efforts, resolutely advancing towards its goal of becoming a global leader in financial technology services.
Upholding the original spirit of payment and relentlessly pursuing self-improvement, this embodies XGD's steadfast quest in the face of future uncertainties.
