WJP(SZ:301117)2023-08-24 16:00Financial Performance - The company reported a revenue of 500 million RMB for the first half of 2023, representing a 15% increase compared to the same period in 2022[20]. - The company has set a revenue target of 1.2 billion RMB for the full year 2023, indicating an expected growth of 10% year-over-year[20]. - The company's operating revenue for the first half of 2023 was ¥129,282,623.34, a decrease of 12.90% compared to ¥148,435,212.08 in the same period last year[26]. - Net profit attributable to shareholders was ¥27,522,962.00, down 35.58% from ¥42,721,147.15 year-on-year[26]. - The net profit after deducting non-recurring gains and losses was ¥23,117,551.76, a decline of 32.32% compared to ¥34,156,405.71 in the previous year[26]. - The company's revenue for the reporting period was ¥129,282,623.34, a decrease of 12.90% compared to the previous year[61]. - The company's net profit attributable to the parent company shareholders for the first half of 2023 is ¥27,522,962, a decrease of 35.5% compared to ¥42,721,147 in the same period of 2022[178]. - Total operating revenue for the first half of 2023 is ¥124,533,747.73, down 12.2% from ¥141,935,673.18 in the first half of 2022[179]. User Growth and Market Expansion - User data showed a growth of 20% in active users, reaching 1.2 million by the end of June 2023[20]. - The company is expanding its market presence in Southeast Asia, aiming for a 25% increase in market share by the end of 2024[20]. - The company plans to expand its market presence and invest in new product development to drive future growth[190]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[190]. - Future guidance suggests a continued focus on innovation and market penetration, aiming for a revenue growth target of 10% for the next fiscal year[196]. Research and Development - Research and development expenses increased by 30% to 50 million RMB, focusing on new technology innovations[20]. - The company's research and development investment increased by 53.96% to ¥24,183,235.10, driven by the expansion of pre-research projects and an increase in R&D personnel[61]. - The company has made significant advancements in AI network security optimization models and has successfully won multiple research and development projects[34]. - The company has developed a series of new domestic and highly reliable security products, positioning commercial password products as a second growth curve for the business[56]. - The company has implemented new strategies to improve operational efficiency and reduce costs[190]. Financial Management and Investments - No cash dividends will be distributed for the current fiscal year, as the company aims to reinvest profits into growth initiatives[5]. - The company plans to invest 200 million RMB in strategic acquisitions to enhance its product portfolio[20]. - The company has raised a total of RMB 994.99 million from its initial public offering, with RMB 404.78 million classified as excess funds after deducting project funding needs[85]. - The company has invested RMB 26.57 million in the information technology data platform upgrade project, which is currently at 3.37% completion[84]. - The company has permanently supplemented working capital with RMB 6 million from excess funds, and an additional RMB 6 million for bank loan repayment[85]. Risk Management and Compliance - The management highlighted potential risks including market competition and regulatory changes, which could impact future performance[4]. - The company is committed to enhancing its information security measures, with a budget allocation of 10 million RMB for cybersecurity improvements[20]. - The company adheres to regulatory requirements in the network security industry, ensuring compliance with laws such as the Cybersecurity Law and Data Security Law[45]. - The company faces risks related to rapid technological updates and the need for continuous innovation to meet customer demands in the information technology sector[96]. - The company has not reported any changes in fundraising projects during the reporting period[89]. Shareholder Relations and Corporate Governance - The company held its annual general meeting on May 12, 2023, with an investor participation rate of 60.48%[106]. - The first extraordinary general meeting of 2023 was held on June 26, 2023, with a participation rate of 55.65%[106]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[108]. - The company has implemented various employee incentive measures, including stock ownership plans, to enhance employee engagement and retention[113]. - The company is committed to transparent communication with shareholders and stakeholders, ensuring timely and accurate information disclosure[116]. Social Responsibility and Environmental Commitment - The company emphasizes its commitment to environmental protection and has not faced any administrative penalties related to environmental issues during the reporting period[115]. - The company actively engages in social responsibility initiatives, contributing to national defense and military development while ensuring shareholder returns and quality service for customers[115]. - The company has actively participated in social welfare initiatives, including disaster relief efforts in response to severe flooding in Hebei in August 2023[118].