PAX Global earns 1x in the medium term to develop new production and sales channels

The IPO of the new shares, published on the Hong Kong Stock Exchange (00388), showed that the profits recorded in the period from 07 to 2009 as of the end of December were approximately 64.21 million, 106 million and 84.55 million, respectively, and as of the end of June 2010. In 6 months, the profit was about 50.17 million yuan, an increase of about 25.56 million yuan or 104% compared with the same period of the previous financial year of about 24.61 million yuan.

The company is an electronic payment (EFT-POS) terminal solution provider. In the future, the company intends to maintain and enhance its leading position through continuous development of innovative products that meet customer requirements. It is believed that the market for contactless payment terminals and contactless readers will expand, and the company's R&D team has targeted these two Several new products are being developed in the developing market.

In addition, in view of the rapid growth in China's demand for EFT-POS products, the company plans to optimize and expand its sales network in China, intending to expand its sales team in areas with strong sales growth, and increase sales staff and customer service points.

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