Shengbang Security's wholly-owned subsidiary receives 2.7216 million yuan in government subsidies

Radar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On March 9th, Shengbang Security (Stock Code: 688651) announced that its wholly owned subsidiary, Beijing Shengbang Saiyun Technology Co., Ltd., recently received government grants related to revenue totaling 2.7216 million yuan, accounting for 65.18% of the company’s net profit in the most recent audited fiscal year.

This subsidy is related to the company’s daily operations. According to the “Enterprise Accounting Standards No. 16—Government Grants,” it is recognized as a revenue-related government subsidy and is expected to have a positive impact on the company’s operating performance. The subsidy data has not been audited; the specific accounting treatment and its impact on the company’s profit and loss will be subject to the results confirmed by the annual audit of the auditing agency. The company’s board of directors reminds investors to be aware of investment risks.

According to Tianyancha, Shengbang Security was established on December 7, 2010, with a registered capital of 75.399 million yuan. The legal representative is Quan Xiaowen. The registered address is No. 209, 2nd Floor, No. 9, Shangdi 9th Street, Haidian District, Beijing. Its main business involves the research, development, production, and sales of cybersecurity products, as well as providing related cybersecurity services.

Currently, the company’s chairman is Quan Xiaowen, the secretary of the board is Yuan Xiandeng, with 616 employees. The actual controller is Quan Xiaowen.

The company has stakes in six affiliated companies, including Yuanjiang Shengbang (Xi’an) Cybersecurity Technology Co., Ltd., Beijing Shengbang Saiyun Technology Co., Ltd., Yuanjiang Shengbang (Shenzhen) Information Technology Co., Ltd., Yuanjiang Shengbang (Shanghai) Cybersecurity Technology Co., Ltd., and Beijing Shengbang Security Technology Co., Ltd.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 236 million yuan, 291 million yuan, and 294 million yuan, respectively, with year-over-year growth rates of 16.56%, 23.17%, and 0.93%. The net profit attributable to shareholders was 46.1842 million yuan, 42.5086 million yuan, and 1.6285 million yuan, with year-over-year declines of 3.34%, 7.96%, and 96.17%. During the same period, the company’s asset-liability ratio was 26.96%, 12.08%, and 15.71%.

Regarding risks, Tianyancha data shows the company has 2 internal Tianyan risks, 19 surrounding Tianyan risks, 0 historical Tianyan risks, and 161 warning Tianyan risks.