MEIYA PICO INC.(SZ:300188)2023-08-21 13:26Financial Performance - In the first half of 2023, the company achieved revenue of approximately 455 million CNY, a decrease of 33.82% compared to the same period last year [1] - The net profit attributable to shareholders was a loss of 165 million CNY, with an overall gross margin of 48.31%, down by 4.07% year-on-year [1] - Despite the decline in performance, the company increased market investment, conducting 467 marketing activities and 600 training sessions, with approximately 26,000 participants, marking a 90% increase in activities and a 113% increase in participants year-on-year [1] Business Segments - Electronic Data Forensics: Revenue of approximately 202 million CNY, accounting for 44.4% of total revenue, down 28% year-on-year, but gross margin improved to 61.87%, up 3.92% [2] - Public Safety Big Data: Revenue of approximately 184 million CNY, representing 40.43% of total revenue, down 39.03% year-on-year, with a gross margin of 34.9%, down 11.65% [2] - Digital Government and Enterprise Digitalization: Revenue of approximately 47 million CNY, accounting for about 10% of total revenue, down 10.63% year-on-year, with a gross margin of 50.65%, up 7.56% [3] - New Cybersecurity: Revenue of approximately 21 million CNY, making up less than 5% of total revenue, focusing on building a city-level cybersecurity big data platform [3] Strategic Initiatives - The company is actively seizing opportunities in artificial intelligence, launching the "Tianqing" public safety model in June, which features advanced capabilities in case analysis and logic reasoning [2] - New products such as "MYOS Forensic Operating System" and "Hyper-Converged Forensic Card" were introduced to enhance service and product offerings [2] - The company has established a wholly-owned subsidiary, Meiya Cloud Network Technology Co., Ltd., to expand digitalization services to state-owned enterprises and large corporations [4] Future Outlook - The company has seen an increase in orders on hand compared to the previous year, indicating a positive outlook despite current challenges [4] - R&D expenses have decreased due to personnel adjustments, but the company maintains a high investment level, with R&D accounting for nearly 50% of revenue [5] - The company plans to focus on data security solutions, aiming to become a leading player in the cybersecurity and social governance sectors in China [5]