Qilin Security: Revenue in the third quarter of 2023 decreased by 87.31% year-on-year

On October 8, Jin10 Data reported that Qilin Trust Security released its Q3 2023 report, with the company's revenue for the first three quarters totaling RMB 82.3502 million, a YoY decrease of 66.17%, and a net loss attributable to shareholders of the listed company of RMB -37.9011 million, a YoY decrease of 151.67%. In Q3 alone, the company's revenue was RMB 18.9601 million, a YoY decrease of 87.31%, and the net loss attributable to shareholders of the listed company was RMB -19.4816 million, a YoY decrease of 135.05%. The main reason for the decline was that some information security projects were delayed due to internal management issues of customer units, and the company continued to increase R&D investment and accelerate market layout, resulting in increased expenses during the corresponding period.