BOCIC(SH:601696) Xin Lang Zheng Quan·2025-12-19 11:13Core Viewpoint - The Shanghai Municipal Communications Administration has initiated a crackdown on apps that illegally collect and use personal information, resulting in the removal of 38 apps, including the Zhongyin Securities app, for failing to comply with rectification requirements [1][12]. Group 1: Regulatory Actions - The Shanghai Municipal Communications Administration has identified and publicly listed a batch of apps that infringe on user rights, leading to the removal of 38 apps, including Zhongyin Securities [1]. - The regulatory body emphasizes the importance of user personal information security and compliance as non-negotiable standards for businesses [12]. Group 2: Company Response - Zhongyin Securities has stated that it prioritizes user information protection and is committed to providing a secure and reliable internet application experience. The company has promptly initiated rectification measures following the issues reported by the Shanghai Municipal Communications Administration [3]. - The company is actively communicating with relevant parties to resolve the app's removal issue and is taking effective measures to ensure compliance with regulatory feedback [3]. Group 3: Financial and Operational Insights - In its 2024 annual report, Zhongyin Securities reported that its information technology investment accounted for over 6% of its operating revenue, with total IT expenditures amounting to 213 million yuan [4][6]. - However, compared to 2023, the total IT investment has slightly decreased, with reductions in several expenditure categories, including technology personnel costs, which fell from 76 million yuan in 2023 to 68 million yuan in 2024 [5][6]. - The average salary of IT personnel at Zhongyin Securities decreased from 476,800 yuan in 2023 to 438,600 yuan in 2024, indicating a downward trend in overall compensation despite a significant salary increase for the chief scientist [6][7].