Westone (002268): Released Orange News Secure Instant Messaging China Netcom was formally established
Event: Revenue for the first three quarters of 10.
430,000 yuan, an increase of 0 in ten years.
13%, net profit attributable to mother-6360.
420,000 yuan, a year of loss reduction of 13.
42%, deducting non-net profit -6620.
740,000 yuan, 11 years to reduce losses.
Key investment results remained stable, Q3 deducted non-high growth: Q3 achieved quarterly revenue4.
32 ppm, -2 in one year.
71%, net profit attributable to mothers is 18.87 million yuan, a decrease of 4 per year.
54%, deducting non-net profit of 18.72 million yuan, an increase of 1927 for the year.
79%, mainly because the company’s sales receivables increased from the same period of the previous year, and the ageing of the repayment subdivision, correspondingly offset the increase in credit impairment losses.
In terms of expense ratio, sales expense ratio and management expense ratio increased by 1 in the first three quarters.
62 points, 1.
13pct, R & D expense rate is reduced by 0 every year.
The gross profit margin in the first three quarters has increased by 1.
40pct, while development expenditure increased by 59 compared to the beginning of the year.
31%, mainly due to the increase in R & D expenditure that met the capitalization conditions during the reporting period.
China Netcom was established to build a state-owned state-owned enterprise network security defense line: On October 19, China Netcom was formally established. It was jointly created by China Electronics and China Energy Convergence, China Telecom, and China Unicom. It is currently the only professional in ChinaState-owned and state-owned enterprises’ network information security technology is a central enterprise that serves the reform of state-owned enterprises and promotes the development and expansion of traditional network security enterprises.
China Netcom mainly locates state-owned and state-owned enterprises for online supervision and security, and innovations in the system and mechanism of conventional internet companies. By establishing strategic cooperation and resource integration between telecom central enterprises, security central enterprises, and resource central enterprises, the use of state-owned enterprise network security big data resources to build a national networkThe main entrance of state-owned enterprises for major projects and national cybersecurity information sharing platform.
As a listing platform of China Cyber Security, a subsidiary of China Electronics Technology Corporation, Westone is mainly engaged in providing overall security services for central enterprises. It is expected to launch the establishment of China-funded Internet Credit, which will strengthen the construction of state-owned state-owned enterprises’ cyber security defense lines and accelerate the acceleration of the company.Landing of security operation and maintenance business.
Cut into the IM security track and release Orange News Security Instant Messaging: On October 20, Westone released the “Orange News Security Instant Messaging and Mobile Office Solution” at the China Telecom Wuzhen Scientific and Technological Achievements Conference.
The mobile data security of government and corporate officials involves national cyberspace security. If it is illegally obtained and duplicated, it will threaten national security.
In this release, Orange News released by Safestone is a secure and trusted software that is targeted at government and enterprise users and has both social applications and mobile office requirements.
Relying on years of accumulation in domestic business secrets and network security fields, based on the “User +, Security +, Mobile +, Application +, Service +” scheme, Orange News provides an integrated information security protection system for party and government users on the cloud management side.It solves the data security problems of its mobile Internet such as “abuse, misuse, and misappropriation”, and realizes effective management and control of sensitive data of mobile phone APPs for government and corporate official users, ensuring data standardization and harmless use.
At present, Orange News has been included in the Central 天津夜网 Discipline Inspection Commission, Cyberspace Office, Sichuan Provincial Government Office, Chengdu Municipal Party Committee, China Electronics Technology Corporation, CITIC Group, China Railway Construction and other government and enterprise units, successfully serving many major events and action guarantees.
Profit forecast and investment grade: Net profit is expected to be 1 in 2019-2021.
310,000 yuan, EPS is 0.
63 yuan, corresponding to 164/70/45 times PE.
The state-owned enterprise network An Yunwei entered the stage of landing. Next year, the volume of domestic alternatives will enter the period of performance release and maintain the “buy” rating.
Risk warning: The information security market is lower than expected, and the construction of secure cloud platforms is lower than expected.