Topsec 2024 Annual Report: Revenue of RMB 2.82 Billion, Down by 9.73% YoY. Successfully Turned Losses into Profits with a Net Profit of RMB 83.01 Million
Topsec 2024 Annual Report
On April 19, 2025, Topsec released its 2024 annual report.
The 2024 annual report indicates that the company maintained its market leadership in the fields of cybersecurity and cloud computing. The company achieved revenue and profit growth despite macroeconomic fluctuations through innovation and efficiency improvements. In 2024, the company's operating revenue reached RMB 2.82 billion, a decrease of 9.73% compared to the previous year. However, by optimising operations and enhancing profitability, the company achieved a net profit attributable to shareholders of the listed company of RMB 83.01 million, successfully turning losses into profits.
Revenue from the cybersecurity business was RMB 2.55 billion, a year-on-year decrease of 11.49%; revenue from the cloud computing business was RMB 256 million, a year-on-year increase of 10.09%. Revenue from other businesses increased by 34.73%.
The company's business exhibits significant seasonal fluctuations, with fourth-quarter revenue accounting for 43.89% of the annual total, indicating an increase in sales scale in the second half of the year.
The number of R&D personnel decreased from 2,887 in 2023 to 2,311 in 2024, representing a reduction of 19.95%.
Financial Report Download
https://drive.google.com/drive/folders/1bChbnMwj37qUuZ-Y_jAklMFHO9gLe3wX?usp=share_link
