Glonghui, August 17 | Guolian Securities Research Report on the 16th pointed out that Dipu Technology (300768.SZ)'s net profit for the first half of the year was 39.41 million yuan, down 3.98% year on year; of these, it achieved revenue of 211 million yuan in the second quarter, an increase of 36.78% over the previous year, and the performance was in line with expectations. The company's cybersecurity products are growing rapidly, and the operator industry is showing strong performance. The company's cybersecurity products achieved revenue of 325 million yuan, an increase of 39.42% over the previous year, and a gross profit margin of 71.74%, an increase of 3.48 pct over the previous year. Among them, the operator industry achieved revenue of 150 million yuan, an increase of 27.84% over the previous year; the government industry achieved revenue of 142 million yuan, an increase of 16.42% over the previous year. As of 2023H1, the company has obtained more than 1,300 authorized patents and 76 software copyrights, including 1,198 invention patents. The overall technical level is leading in the industry. The bank gave the company 48 times PE in 24 years, with a target price of 23.04 yuan, and maintained a “buy” rating.