深信服(300454) - 2022 Q2 - 季度财报

Financial Performance - The company reported a decline in operating performance, highlighting risks such as intensified competition in the cybersecurity and cloud computing markets [3]. - The company's operating revenue for the first half of 2022 was approximately ¥2.82 billion, representing an increase of 8.86% compared to the same period last year [15]. - The net profit attributable to shareholders was approximately -¥689.57 million, a decrease of 418.65% year-on-year [15]. - The net cash flow from operating activities was approximately -¥537.28 million, a decline of 535.36% compared to the previous year [15]. - The basic earnings per share were -¥1.67, reflecting a decrease of 406.06% year-on-year [15]. - The total assets at the end of the reporting period were approximately ¥10.40 billion, down 5.03% from the end of the previous year [15]. - The net assets attributable to shareholders decreased to approximately ¥6.58 billion, a decline of 9.93% compared to the previous year [15]. - The weighted average return on net assets was -9.90%, a decrease of 7.87% year-on-year [15]. - The company reported a significant increase in losses, with a net profit margin showing a negative trend [15]. - The company reported a comprehensive diluted earnings per share of -1.6593 CNY per share [16]. - The company achieved total revenue of approximately CNY 2.815 billion, representing a year-on-year growth of 8.86% [76]. - The cybersecurity business generated revenue of approximately CNY 1.519 billion, with a year-on-year growth of 5.24%, accounting for 53.95% of total revenue [78]. - The cloud computing and IT infrastructure business reported revenue of approximately CNY 1.058 billion, showing a year-on-year growth of 20.27%, increasing its share of total revenue to 37.60% [78]. Investment and R&D - The company has committed to enhancing R&D and sales investments, which may lead to higher expenses without guaranteed revenue growth [3]. - Research and development investments increased by 30% in 2022, focusing on artificial intelligence and data security technologies [41]. - Investment in R&D increased by 15%, focusing on cybersecurity technologies and cloud services [44]. - Research and development expenses reached approximately CNY 1.22 billion, compared to CNY 993 million in the first half of 2021, marking an increase of about 22.7% [193]. - The company has maintained a research and development (R&D) expense ratio exceeding 20% of revenue for six consecutive years, with a total of over 2,550 patent applications as of June 30, 2022 [68]. - The company established five R&D centers in major cities, with nearly 40% of its workforce in R&D, and 26% holding master's or doctoral degrees [68]. Market Strategy and Competition - The company continues to focus on enhancing its product offerings and market expansion strategies despite the financial challenges faced [15]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023 [41]. - The company is experiencing intensified competition in the cybersecurity and cloud computing markets, with many traditional IT giants entering the field, necessitating effective R&D investment and a customer-oriented approach to maintain competitiveness [130]. - The company is closely monitoring the impact of recurring COVID-19 outbreaks on its operations and is prepared to adjust its strategies to mitigate negative effects on business development [133]. - The company plans to focus on improving product and service quality while balancing resource allocation in the market [75]. Compliance and Governance - The board of directors has confirmed the accuracy and completeness of the financial report, with no dissenting opinions from management [2]. - The company is required to comply with specific disclosure requirements related to the software and information technology services industry [3]. - The company has not provided any forward-looking commitments regarding future performance or plans [2]. - The company emphasizes the importance of protecting core technologies and intellectual property to prevent leakage, which could adversely affect innovation and product development [136]. - The company has committed to ensuring that measures to fill the dilution of immediate returns are effectively implemented [152]. Social Responsibility and Community Engagement - The company established the Shenzhen Deepin Technology Public Welfare Foundation in 2021 to coordinate its public welfare strategy and has initiated projects to support rural education [148]. - The company actively participated in pandemic response efforts by providing remote work solutions and donating supplies during severe outbreaks in various cities [148]. - The company has contributed to the development of cybersecurity talent through competitions and forums, attracting over 10,000 participants in its first cybersecurity competition [148]. Financial Management and Fundraising - No cash dividends or stock bonuses will be distributed, and no capital reserve will be converted into share capital [5]. - The company has engaged in entrusted financial management, with a total of RMB 95,848.22 million in entrusted financial products, of which RMB 32,000 million came from fundraising funds [109]. - The company reported a return of RMB 23.11 million from a bank financial product with a reference annualized return rate of 3.09% [110]. - The company has plans for future entrusted financial management, with ongoing strategies to optimize the use of idle funds [110]. - The company has not changed the purpose of the raised funds, maintaining a 0.00% change in usage [100]. Operational Challenges - The company faces risks related to supply chain disruptions and rising hardware procurement costs due to recurring pandemic impacts [3]. - Rising hardware procurement costs due to supply shortages and international factors may lead to delivery delays or inability to deliver products, which the company is addressing by expanding sourcing efforts and locking in supply [134]. - Increased R&D and sales expenses, along with stock incentive plan costs, may not yield the expected revenue and profit growth, posing a risk to the company's profitability [135]. - The company acknowledges the management risks associated with its expanding business scale, which may lead to complexities in organizational structure and management systems [137].