Zhitong Financial and Economic APP News, Principal Century (688201.SH) released a semi-annual report for 2023. During the reporting period, the company realized operating income of 178 million yuan, an increase of 4.28% over the same period last year. It realized a net loss of 27.7907 million yuan for shareholders belonging to listed companies, from profit to loss compared with the same period last year. It realized net loss of 27.7011 million yuan after deducting non-recurrent profit and loss for shareholders of listed companies, and basic loss per share was 0.2016 yuan per share.

According to the announcement, the company's loss in the first half of the year is mainly due to the fact that in order to support the company's future rapid development and reserve high-end talents in technology research and development, product planning, and program promotion, the company stepped up recruitment efforts in the second half of last year, and the number of employees increased; at the same time, in order to retain high-quality talents, increase the salary of employees and implement equity incentives, resulting in a 48% increase in expenses during the period. The company continued to increase its investment in R & D, spending 88.4752 million yuan on R & D, an increase of 63.40% over the same period last year, and the proportion of R & D investment in operating income reached 49.74%, an increase of 18 percentage points over the same period last year. The company attaches importance to R & D team building. By the end of the reporting period, there were 473 R & D personnel, an increase of 40.36% over the same period last year, accounting for 46.19% of the total.

The business demand and project promotion of customers in the company's financial industry gradually recovered, with an income of 101 million yuan, a decrease of 14.18% compared with the same period last year. With the resumption of procurement and demand in the data bureau, public security, medical, tobacco, water conservancy and other departments, the government industry achieved 39.8229 million yuan in revenue, an increase of 84.24% over the same period last year. Due to the increase in procurement demand from customers such as the information technology software industry, manufacturing industry, and financial services industry, the enterprise industry achieved an income of 37.3302 million yuan, an increase of 18.34 percent over the same period last year.

During the reporting period, the company mainly released two products: cloud server password machine (CCypher-HSM) and video security all-in-one machine (NetVSG). Among them, cloud server password machine products are necessary basic security resources for cloud data centers. Combined with the company's password service platform, the company can provide compliance, security, efficiency and a variety of password security services for cloud platforms and cloud tenants. Video security all-in-one products are specially used for video surveillance data integrity protection products, which can help users meet the security requirements of video surveillance and ensure video security compliance. The company has completed the acquisition of universal technology, adding cross-network isolation switching, terminal security control, data security archiving and other three categories of products, greatly enriching the company's data security product line products. The company continues to adapt to the full range of products, supporting all kinds of domestic hardware platforms, domestic operating systems, domestic databases and middleware, obtaining 28 product mutual recognition certificates, and realizing the requirements of full-line product support.