Brief Introduction

QI-ANXIN Technology Group Inc. (hereinafter referred to as QI-ANXIN) was founded in 2014 and specializes in serving the cybersecurity market by offering next generation enterprise-class cybersecurity products and services to government and businesses. With its continuous commitment to R&D innovation and security capabilities centered on actual offensive and defensive, the company has grown to be a domestic leading cybersecurity provider with its strength built on big data, artificial intelligence and security operation technology. QI-ANXIN is the Official Cyber Security Services and Anti-Virus Software Sponsor of the Olympic and Paralympic Winter Games Beijing 2022.

QI-ANXIN is oriented to the construction of new infrastructure and digital business, uses the methodology of system engineering, and is combined with the idea of "endogenous security". QI-ANXIN takes the New Generation Cybersecurity Framework as the top-level guidance, and "data-driven security" as the technical concept. With the goal of creating disruptive and asymmetric capabilities in cybersecurity, QI-ANXIN uses "human and machine" collaborative operation as a means, creates a network security collaborative defense system for the Internet of Everything era. The company boasts comprehensive and innovative cybersecurity products and services along with well-established business models across R&D, procurement, production and sales, which helps the company to provide government and business users with comprehensive and effective cybersecurity solutions targeting emerging business types and application scenarios made possible by new technologies such as cloud computing, big data, internet of things, industrial internet and 5G.

Driven by technology innovations as a result of significant R&D input, QI-ANXIN has launched comprehensive and effective cybersecurity solutions targeting emerging business models and scenarios in recent years. The company pioneered and successfully implemented several advanced security concepts including "data-driven security", "endogenous security" and the "44333" framework, along with innovative security products such as the third-generation TianGou security engine, zero trust and SkyEye systems. In 2020, the company launched the New Generation Cybersecurity Framework oriented to newly constructed infrastructure, which provides "Ten-Project and Five-Task" for various application scenarios and guides different industries to create cybersecurity architectures in line with their own characteristics.

Focusing on several forefront fields of the cybersecurity industry, QI-ANXIN gives emphasis to build cloud and big data protection and management operation center, IoT security protection and management systems, industrial internet security service center, security service programs, "zero trust" dynamic trusted access control platforms as well as platforms for cyberspace mapping and security situational awareness platform. The industrial internet security service center is structured as a three-layered nationwide system consisting of security centers built for over 4000 industrial internet companies and critical industrial infrastructure, providing industrial security protection, monitoring, and managed security services. Due to the current scarcity solutions and effective protection products for cloud security and big data security in the market, QI-ANXIN's cloud and big data security protection and management operation center project will be comprehensively improved by building a capability platform, product system and service center to boost the company's strength at all-around security services.

Company Overview

Full name Qi An Xin Technology Group Inc.
Abbreviations Qi An Xin
Code 688561
Founded Jun 16.2014
Listing Jul 22.2020
Domicile Beijing
Website https://www.qianxin.com/
Email ir@qianxin.com
STAR Theme New Generation IT
CSRCSector Information transmission, software and IT
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share -0.90 -1.78 -1.67
R&D expenditure as a % of operating revenue 33.20% 45.04% 65.86%
Operating Revenue 3,154.13 1,816.77 821.24
Net Income -552.97 -952.51 -702.31

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 3,154.13 1,816.77 821.24
Operating Costs 1,364.98 805.10 206.07
Operating Income -535.56 -953.00 -705.56
Pretax Income -538.61 -952.98 -703.22
Income Tax 14.36 -0.47 -0.91
Net Income -552.97 -952.51 -702.31

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 3,988.82 3,990.93 2,594.76
Non-current Assets-Total 3,166.04 2,791.34 2,680.67
Total Assets 7,154.86 6,782.27 5,275.43
Liabilities
Current Liabilities-Total 1,968.28 2,395.57 1,923.03
Non-current Liabilities-Total 145.97 108.82 58.73
Total Liabilities 2,114.25 2,504.39 1,981.76
Stockholder's Equity
Share Capital 7,186.83 5,966.67 4,048.56
Retained Profits -2,164.34 -1,669.51 -797.85
Minority Interests 18.12 -19.28 42.96
Total Owners' Equity 5,040.61 4,277.88 3,293.67

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating -1,113.93 -956.44 -515.72
Net Cash Flows-Investing -219.34 -154.02 -393.06
Net Cash Flows-Financing 927.23 1,884.15 1,481.09

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Qi,Xiangdong 149.56 22.01%
宁波梅山保税港区明洛投资管理合伙企业(有限合伙) 121.96 17.95%
宁波梅山保税港区安源创志股权投资合伙企业(有限合伙) 49.68 7.31%
天津奇安壹号科技合伙企业(有限合伙) 40.65 5.98%
Beijing financial street capital operation center 24.21 3.56%
天津奇安叁号科技合伙企业(有限合伙) 22.25 3.27%
国投(上海)创业投资管理有限公司-国投(上海)科技成果转化创业投资基金企业(有限合伙) 20.85 3.07%
中电金投控股有限公司 15.72 2.31%
产业投资基金有限责任公司 12.56 1.85%
和谐成长二期(义乌)投资中心(有限合伙) 11.44 1.68%
30 Sep 2020

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