Qishenchen (002439.SZ) released 2022 half-year report, the report shows that the company realized operating income of 1.214 billion yuan in the first half of 2022, an increase of 0.18% year-on-year. Excluding the impact of network security integration project hardware revenue operating income increased by 16.28% over the same period last year, and the consolidated gross profit margin increased by 6.3%. There is a seasonal distribution of the company's sales business, revenue is mainly distributed in the second half of the year, while the company's cost inputs steadily even out the expenditure, resulting in a loss of 250 million yuan of net profit attributable to shareholders of the listed company, a loss of 132.9% year-on-year growth.
Qixing Star was founded, after 26 years of development and accumulation, the company has become a network security leader with independent intellectual property rights and escort the main force of digital China. The company has 16 categories of products with the first market share and 8 categories of products in the first camp of the market, and has become a veritable leading enterprise of the main classic industry segment in the network security industry, as well as a leading enterprise of the emerging frontier industry segment, and a pillar enterprise of the sustainable and healthy business model and healthy industrial ecology.
New business continues to mature segment scale continues to expand
During the reporting period, the company's two top container-based strategies mdash;mdash; security operations center strategy and data security strategy to rapidly and steadily advance.
As an advocate of third-party independent security operation, in view of the dual cognition and deep understanding of the security demand and security capability supply of business scenarios, and after the polishing of the operation practice, Qisda has realized the basic supply of security capability of the trinity of network security, business security, and data security in the security operation mode, and is able to elastically satisfy the heterogeneous security demand of business scenarios. The standardized operation center service of security operation is becoming mature, and a certain scale effect has been formed in some provinces and cities; at the same time, the company gives full play to the advantage of China Mobile's operation resources covering the whole country, accelerating the development and rapid layout of the operation center business; in some of the operation centers, it has embarked on the continual enrichment of expanding and innovative categories of security operation services; the security operation centers, as a hub of capabilities and a gathering place of resources, have also led to the development of The security operation centers, as hubs of competence and gathering place of resources, have also led to more overall large-scale projects and driven the sales of various security products.
In May 2022, IDC, a global authoritative consulting organization, released the "China IT Security Services Market Tracking Report for the Second Half of 2021", which showed that Qixing Group continued to lead the managed security services market with a share of 12.4%, and since 2019, the Group's managed security services have been the first in the market for three consecutive years, and its security operations business has continued to be the market leader.
Since Qisda launched its first data security product in 2002, there have been two decades of technology accumulation, and the company's classic products and services of data security 1.0 still occupy a major share in the composition of its data security business. With the potential energy generated by the Hangzhou data security headquarters, during the reporting period, the delivery form of Data Security 2.0 was vigorously improved through benchmark projects; combined with the operation center model, a full-cycle, step-by-step delivery rhythm composed of high-end consulting, core products, control platforms, and operation services was formed to build a data security governance system of a certain degree of maturity for users. Data Security 3.0 has been gradually practiced in existing projects and newly signed projects, and the connotation and extension of Data Security 3.0 has been further expanded, while also providing regulatory drivers for Data Security 2.0 business.
The Company's comprehensive layout and synergistic promotion in data security 1.0, 2.0 and 3.0 have facilitated the formation and expansion of the data security segment. The "Data Security Governance Application Practice Based on DSMM National Standards" constructed by the company to help Wuxi City Big Data Management Bureau won the first prize in the Cybersecurity Standard Committee's 20th Anniversary Cybersecurity National Standards Excellent Practice Case Selection. In the authoritative list of 2022 IT market released by SEDI, Qisda Privacy Computing Platform was recognized as a new generation of information technology innovation product.
In terms of cloud security, in terms of product capabilities, the company has built an all-around cloud security capability system centered around multiple types of cloud environments in terms of layered capability construction of cloud security atomic capabilities, cloud security resource pools, multi-cloud security management platforms, and SaaS cloud security services. It has achieved significant results in multi-cloud security collaboration, cloud-ground collaboration, cloud-side collaboration, security orchestration and automated response, and Xinchuang support. The company has won numerous orders in operators, government, finance, energy and other industries, and through scenario-based innovation, it has improved customers' cloud security operation capabilities and further brought into play the customer value of cloud security products and solutions. Meanwhile, the company is launching a substantial docking with China Mobile, combining the company's cloud security capabilities with China Mobile's arithmetic network strategy and fast-growing mobile cloud business to complete the business leap from cloud security to security native cloud.
China Mobile strategic investment and will actually control is expected to usher in leapfrog development
Qisda held on June 12, 2022, the second (temporary) meeting of the fifth session of the Board of Directors considered and approved, and China Mobile Capital signed the "Investment and Cooperation Agreement", which agreed that the China Mobile Capital, as a specific object, intends to subscribe in cash to the The non-public offering of 284,374,100 shares of the listed company, after the completion of the offering, CMCC Capital directly holds 23.08% of the shares of the listed company.
Qisun said, after the announcement of the proposal, the company in a short period of time with China Mobile to carry out practical strategic synergies and business planning work, and has entered a high frequency of strategic interactions and high-density synergistic docking state. The Company signed a strategic cooperation agreement with CMCC Shenzhen, which is the first municipal business strategic cooperation agreement signed between the Company and China Mobile; and a strategic cooperation agreement with CMCC International, in which the two parties will carry out in-depth integration of security products, services and solutions in the fields of network, cloud computing, IDC, 5G, etc., and explore the development opportunities in the field of network + IDC + cloud + security, with the goal of exploring the business in the overseas and the Greater Bay Area. The company signed a contract with CMCC Shaanxi Branch and CMCC Shaanxi Shangluo Branch on a city's snow bright project; successfully shortlisted for CMCC's Web application firewall equipment collection and procurement from 2022 to 2024; and joined hands with CMCC to land projects for the medical industry, governmental and enterprise customers, and IoT security in the Northwest, Southwest and other regions.
Network security and informatization are two wings of a body and two wheels of a drive, China Mobile is the leading enterprise in the field of communication and the main force of informatization construction, and Qixingchen is the leading enterprise in network security industry. The company will rely on China Mobile Group's strong brand strength, powerful technical capabilities and broad sales network, and in the future development of the company can obtain brand, capital, innovation scenarios, technology, channels and other aspects of support and protection. The two sides will also be strong combination, on the basis of equality and mutual benefit, complementary advantages, unified mobilization of cooperation resources, the establishment of a one **** living relationship, to achieve the synergistic benefits of 1 +1 > 2, will make great contributions to the realization of the goal of a strong network security.