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.

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 2014-06-16
Listing 2020-07-22
Domicile Beijing
Website https://www.qianxin.com/
Email ir@qianxin.com
STAR Theme New Generation IT
CSRC Sector Information transmission, software and IT services
Has weighted voting rights structure? No

Financials

Highlights

  2020 2019 2018
Earnings Per Share -0.54 -0.90 -1.78
R&D expenditure as a % of operating revenue 29.51% 33.20% 45.04%
Operating Revenue 4,161.17 3,154.13 1,816.77
Net Income -340.74 -552.97 -952.51

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 4,161.17 3,154.13 1,816.77
Operating Costs 1,682,27 1,364.98 805.10
Operating Income -326.29 -535.56 -953.00
Pretax Income -343.01 -538.61 -952.98
Income Tax -2.27 14.36 -0.47
Net Income -340.74 -552.97 -952.51

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Assets
Current Assets-Total 8,663.72 3,988.82 3,990.93
Non-current Assets-Total 3,760.60 3,166.04 2,791.34
Total Assets 12,424.32 7,154.86 6,782.27
Liabilities
Current Liabilities-Total 2,231.82 1,968.28 2,395.57
Non-current Liabilities-Total 170.26 145.97 108.82
Total Liabilities 2,402.08 2,114.25 2,504.39
Stockholder's Equity
Share Capital 12,474.52 7,186.83 5,966.67
Retained Profits -2,466.85 -2,164.34 -1,669.51
Minority Interests 14.58 18.12 -19.28
Total Owners' Equity 10,022.25 5,040.61 4,277.88

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating -688.56 -1,113.93 -956.44
Net Cash Flows-Investing -622.56 -219.34 -154.02
Net Cash Flows-Financing 5,325.43 927.23 1,884.15

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%
31 Mar 2021

Legal Statement

All information contained herein is provided by the underlying company itself and is for informational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. The Shanghai Stock Exchange does not guarantee its accuracy and reliability and shall under no circumstance be responsible or liable for any error or for any loss directly or indirectly arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon the information herein.

Users may view and download the information herein for personal and non-commercial use free of charge subject to the laws of the People's Republic of China and the Legal Statement. No part of the information herein may be copied, downloaded, stored in a retrieval system or transmitted in any form or by any means, rented, displayed, performed, reproduced, photocopied, altered, sold, broadcast, published or otherwise in whole or in part in any manner for commercial purposes, without the prior written consent of the Shanghai Stock Exchange.

Users are hereby reminded that the Legal Statement represents your legally binding agreement with the Shanghai Stock Exchange. By accessing or using this website, you are also signifying your agreement with and acceptance of all the contents in the Legal Statement. The Shanghai Stock Exchange reserves the right to amend and interpret the Legal Statement.