Dbappsecurity Co.Ltd(688023) expected revenue growth of 37% last year

On January 17, Dbappsecurity Co.Ltd(688023) released the performance forecast for 2021. Under the condition of good industry prospects, the company expects to achieve an operating revenue of 1812472600 yuan to 183893200 yuan in 2021, with a year-on-year increase of 37% to 39%.

During the reporting period, the company increased its investment in the emerging track and implemented equity incentive. Although the short-term investment benefit has not been reflected, it has achieved positive results. In the medium and long term, the company’s revenue structure will become more diversified, the operation will become more stable, and the double growth of scale and profit will be realized.

In terms of product structure and market share, the leading position of Dbappsecurity Co.Ltd(688023) continues to be firmly established. In 2021, the company continued to strengthen market development, deepen the product and service structure, and become more and more competitive in the fields of cloud security, big data security, Internet of things security, industrial Internet, smart city security and security services, which is the main reason for the rapid growth of the company’s business scale and revenue.

In terms of products, the revenue scale of the company’s cloud security platform and big data security platform continues to grow. Although the revenue proportion of new products such as data security and Xinchuang cloud security is not high, it shows a high-speed growth trend; In terms of services, the revenue of security services increased rapidly, and the scale of SaaS increased steadily; In terms of industry customers, in addition to traditional advantageous industries, the company’s market share in finance, operators, medical treatment, education and enterprises shows a further upward trend.

The emerging security industry is still a major track for Dbappsecurity Co.Ltd(688023) continuous overweight layout. In 2021, the company’s investment in this field maintained a high increase. In addition to cloud security, big data security and security services, the company accelerated the investment in market promotion, technology research and development, management optimization and other strategic new directions such as data security, network related crime, information innovation products, new generation intelligent gateway products and Internet of vehicles security, and actively reserved relevant R & D personnel. Although the new strategic direction is in the investment stage and the relevant investment benefits have not been fully reflected, the investment in some fields has achieved positive results and is expected to become a new profit growth point of the company in the future.

In the field of network security, talents are the first productivity. Continuous talent introduction and effective talent incentive make Dbappsecurity Co.Ltd(688023) establish a stable and efficient management team and rich R & D talent reserve. In 2021, the company implemented equity incentive plans for 2020 and 2021. This has also laid the foundation for Dbappsecurity Co.Ltd(688023) long-term sustainable development.

It is reported that Dbappsecurity Co.Ltd(688023) will continue to carry out R & D and market expansion around the new market and new direction needs of cloud security, big data security, Internet of things security, industrial Internet Security and smart city security development strategies in the future, help the successful implementation of the company’s strategic platform products and solutions, and the company’s high-growth and high-quality development prospects are expected.

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