Wednesday, April 27th, 2016

With the deepening of banking informationization and self-banking, currency sorter industry have been increasingly used in China's banking sector. Meanwhile, Standard for Withdrawing RMB Banknotes from Circulation, promulgated by The People's Bank of China (PBOC), makes clear the damage, contamination, anti-fake standards of RMB banknotes in circulation, prompting banks to increase the deployment of currency sorters in grass-roots outlets, thus expanding the development space of currency sorters. In 2014, the purchase quantity of currency sorters in China totaled some 137,600 units, up 62.07% from 84,900 units in 2013. In 2015, affected by the factors including delayed purchase due to RMB upgrading and the delay in PBOC head office’s purchase, the total purchases of currency sorters declined slightly to 110,700 units, sliding 19.5% year on year. As of the end of 2015, the currency sorter equipment rate of Chinese banks was approximately 22%, with currency sorters mainly concentrated in cash handling centers of head office and branches. At present, the outlets that are not equipped with currency sorters are mainly sub-branches and grass-roots outlets, which have a huge potential demand for small-sized currency sorters. Overall, China’s currency sorter market still has room for growth. In 2016, as the central bank and commercial banks resume the purchase of currency sorters, the market is expected to return to growth. But in the following five years, the market will be close to saturation, and the growth rate will thus slow down.   

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In terms of product segments, currency sorters are divided into small-sized currency sorters and large and medium-sized currency sorters. After the central bank’s “All-amount Sorting” policy is implemented, commercial banks will undertake plenty of banknote sorting assignments. The currency sorting comes first in banking outlets, and then in cash handling centers. Small-sized currency sorters are mostly used in outlets, and medium-sized ones mainly in cash handling centers. In 2015, the sales volume of small-sized currency sorters in China totaled 107,800 units, and that of large and medium-sized currency sorters roughly 2,900 units. With regard to competitive landscape, different segments showed different competitive situations: In large and medium-sized currency sorter market, with their technology integration capabilities and diversified product lines, foreign companies like G&D and De La Rue play an absolutely leading role in China; in small-sized currency sorter market, with the constant technological breakthroughs, Chinese manufacturers have found themselves increasingly intensified domestic customer resource advantages and more capable of applying policies, so that they become more advantageous in market segment, holding a combined market share of over 60%. Major domestic players include Liaoning Julong, GRG Banking, and Shanghai Guao while foreign peer mainly refers to Japan’s Glory.

Table of Contents

1. Overview of Currency Sorter Industry
2. China Currency Sorter Industry
3. Key Global Enterprises
3.1 Giesecke&Devrient
3.2 De La Rue
3.3 Glory
3.4 Toshiba
3.5 Laurel
4. Key Chinese Enterprises
4.1 Liaoning Julong Financial Equipment Corp.
4.2 GRG Banking
4.3 Hebei HuijinElectromechanical Co., Ltd.
4.4 Shanghai Guao Electronic Technology Co., Ltd.
4.5 Anshan BozongScience & Technology Co., Ltd.
4.6 Beijing QingzhiRongke Business Machines Co., Ltd.
4.7 Harbin Bill Sorter Science and Technology Co., Ltd.
4.8 Beijing Saint Fluence Technology Co., Ltd.
4.9 Beijing China-Julong Automation Co., Ltd.
4.10 Hunan Chentai Information Technology Co., Ltd.
4.11 Nanjing Speed Science and Technology Co., Ltd.
5. Development Outlook of China’s Currency Sorter Industry

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