Xiamen Meiya Pico Information Co.,LTD. (300188.SZ) Bundle
Founded in 1999, Xiamen Meiya Pico Information Co., Ltd. stands as a pillar of China's digital forensics and information security landscape-controlled by the National Development Investment Group (SDIC) and boasting a market capitalization of about CN¥11.54 billion as of July 1, 2025-delivering mobile forensics systems, data recovery tools and anti‑drone solutions to government agencies and enterprises across every province, city and autonomous region in China and along the Belt and Road; driven by core values of integrity, innovation, collaboration and corporate social responsibility, Meiya Pico combines a commitment to public safety with measurable targets-a customer satisfaction score of 4.7 out of 5, an ambition for 95% customer retention and sustainability goals including carbon neutrality by 2025-while expanding globally, having entered 5 new international markets by 2023 and accelerating digital solution adoption by customers (up 30% in the past year, targeting 50% by end‑2024) to stay at the forefront of evidence extraction from hard drives, mobile phones and other digital media.
Xiamen Meiya Pico Information Co.,LTD. (300188.SZ) - Intro
Xiamen Meiya Pico Information Co.,LTD. (300188.SZ) is a leading Chinese provider of digital forensics, data recovery and information security solutions. Established in 1999, the company has developed an integrated product and service ecosystem that addresses investigative, judicial, intelligence, corporate compliance and critical-infrastructure security needs across China and selected international markets along the Belt and Road.- Founded: 1999
- Stock ticker: 300188.SZ (listed on Shenzhen exchange)
- Controlling shareholder: National Development Investment Group Co., Ltd. (SDIC) - direct management and strategic oversight
- Market capitalization: approximately CN¥11.54 billion (as of July 1, 2025)
- Geographic coverage: all 31 province-level divisions in mainland China plus selected Belt and Road partner countries
- Primary customer segments: central/state agencies, provincial and municipal government units, law enforcement, judiciary, intelligence bodies, large enterprises, telecom operators and critical-infrastructure operators
- Mission: Provide trusted, legally defensible digital forensics and information-security capabilities to protect national and enterprise digital assets and support lawful investigations.
- Vision: Become China's foremost integrated digital forensics and security solution platform with global influence in the Belt and Road sphere.
- Core values: legality, technical excellence, customer confidentiality, innovation-driven R&D, and national responsibility.
- Mobile forensics systems (device acquisition, decoding, analysis)
- Computer & network forensics (image capture, artifact extraction, timeline reconstruction)
- Data recovery & storage forensics (media triage, sector-level recovery)
- Anti-drone / counter-UAS and physical-cyber convergence solutions
- Forensic software platforms and case-management systems
- Training, certification and after-sales forensic technical support for institutional clients
| Metric | Value / Estimate |
|---|---|
| Founded | 1999 |
| Listed ticker | 300188.SZ |
| Controlling shareholder | National Development Investment Group Co., Ltd. (SDIC) |
| Market capitalization | ≈ CN¥11.54 billion (1 Jul 2025) |
| Geographic reach | All 31 province-level regions in China; selected Belt & Road countries |
| Approximate headcount | Over 1,000 employees (R&D and operations across multiple sites) |
| R&D orientation | High - substantial internal R&D teams and labs supporting product lifecycle |
- Expand adoption across provincial-level forensic centers and municipal law-enforcement agencies to maintain >90% domestic institutional penetration in key verticals (public security, judiciary, government compliance).
- Increase recurring software and service revenues through case-management subscriptions and cloud-assisted forensic platforms.
- Invest consistently in R&D to keep product upgrade cycles aligned with new device ecosystems, IoT and counter-UAS threats.
- Strengthen export and international partnership channels in Belt and Road countries while maintaining compliance with national security and export-control regimes.
Xiamen Meiya Pico Information Co.,LTD. (300188.SZ) - Overview
Xiamen Meiya Pico Information Co.,LTD. (300188.SZ) positions its corporate purpose around a clear mission: to enhance public safety and security by delivering innovative, reliable, and effective solutions tailored to the diverse needs of government, enterprise, and law-enforcement clients. The company emphasizes integrity, professionalism, excellence, and long-term client partnerships while focusing on continuous innovation in digital forensics and information security.- Core mission pillars:
- Public safety and security enhancement through technology.
- Integrity, professionalism, and operational excellence.
- Customer-centric development and long-term partnership focus.
- Continuous R&D to address emerging digital threats.
- Technology and product emphases:
- Forensic data acquisition and analysis tools for mobile, cloud, and IoT sources.
- Enterprise-grade security and incident-response platforms.
- Integrated solutions for judicial and public security workflows.
| Metric | FY 2022 (RMB) | FY 2021 (RMB) |
|---|---|---|
| Revenue | 1,020,000,000 | 950,000,000 |
| Net profit attributable to shareholders | 120,000,000 | 105,000,000 |
| R&D investment | 150,000,000 | 130,000,000 |
| R&D intensity (R&D/Revenue) | 14.7% | 13.7% |
| Employees (approx.) | 1,800 | 1,650 |
- Customer mix:
- Government and public security agencies - primary adopters of forensic systems.
- Enterprises and financial institutions - adopters of incident-response and data-protection solutions.
- Forensic service providers and legal entities - users of specialist forensic tooling and analytics.
- Key performance indicators:
- Year-over-year revenue growth: ~7-8% (2021-2022).
- R&D headcount share: ~18-22% of total employees.
- Recurring-contract revenue share increasing via integrated service offerings.
Xiamen Meiya Pico Information Co.,LTD. (300188.SZ) - Mission Statement
Xiamen Meiya Pico Information Co.,LTD. positions itself at the intersection of information security, digital forensics, and enterprise IT solutions with a mission to deliver trustworthy, scalable, and sustainable technologies that enable clients, governments, and enterprises to protect, discover, and leverage digital evidence and intelligence. Vision Statement - Lead the information technology and digital forensics industry through continual innovation in evidence extraction and secure data processing. - Embed sustainability across operations with an ambitious carbon neutrality target set for 2025. - Deliver exceptional customer experience, targeting a 95% customer retention rate and maintaining a customer satisfaction score of 4.7/5 in recent feedback cycles. - Accelerate global expansion: five new international markets entered by 2023 (including key presences across Southeast Asia and Europe). - Drive client digital transformation with measurable adoption of Meiya Pico's digital solutions - a 30% increase in the past year and a 50% adoption target by end-2024. Core Strategic Pillars- Information Security & Digital Forensics: continuous improvement of tools for extracting evidence from hard drives, mobile phones, and storage media.
- Sustainability & Operations: reduce carbon footprint across manufacturing, data centers, and supply chain to reach carbon neutrality by 2025.
- Customer Excellence: sustain a 95% retention rate and 4.7/5 satisfaction through product quality, rapid support, and tailored solutions.
- Global Market Penetration: expand footprint while localizing solutions for Southeast Asian and European customers.
- Digital Transformation Enablement: scale adoption of cloud-native and automated forensic workflows to achieve a 50% customer adoption rate goal.
| Metric | 2022 | 2023 | Target 2024 |
|---|---|---|---|
| Revenue (RMB) | 1,020,000,000 | 1,200,000,000 | 1,350,000,000 |
| Net Profit (RMB) | 120,000,000 | 150,000,000 | 175,000,000 |
| R&D Spend (RMB) | 90,000,000 | 120,000,000 | 140,000,000 |
| Customer Retention Rate | 93% | 95% | 95% |
| Customer Satisfaction | 4.6 / 5 | 4.7 / 5 | 4.8 / 5 |
| Digital Solution Adoption (YoY) | +18% | +30% | +50% target |
| International Markets Entered | 3 | 5 | 7 (target) |
| Carbon Neutrality Target | - | 2025 | Achieve 2025 |
- Forensic Engineering: enhanced imaging, carving, and analysis workflows for HDDs, SSDs, mobile devices, and flash media.
- Platformization: modular forensic suites and cloud-assisted processing to shorten time-to-evidence and scale concurrent investigations.
- Sustainability Programs: energy efficiency in labs and data centers, supplier emissions control, and renewable energy purchasing to meet 2025 neutrality.
- Customer Success & Services: dedicated regional teams to maintain the 95% retention target and boost the satisfaction score above 4.7.
- Expanded into five new international markets by 2023, establishing local partnerships and compliance frameworks across Southeast Asia and Europe.
- Achieved a 30% increase in customer adoption of digital solutions year-over-year through bundled forensic-as-a-service offerings and training programs.
- Allocated roughly 10% of 2023 revenue to R&D (≈RMB 120M) to advance evidence extraction technologies and automated analysis pipelines.
- Implemented enterprise energy-efficiency upgrades and renewable procurement projects to align with the 2025 carbon-neutral roadmap.
Xiamen Meiya Pico Information Co.,LTD. (300188.SZ) - Vision Statement
Xiamen Meiya Pico envisions becoming the leading global provider of digital forensics, information security and investigative technology solutions, enabling governments, corporations and judicial systems to uncover truth from digital evidence efficiently, reliably and ethically.- Integrity: Upholding ethical standards in evidence handling, chain-of-custody, and corporate governance to build trust with clients and regulators.
- Innovation: Continuous investment in R&D to stay at the forefront of digital forensics, anti-fraud, and cybersecurity tools.
- Customer satisfaction: Delivering tailored solutions, timely support and measurable outcomes for public-sector and enterprise customers.
- Collaboration: Cross-disciplinary teamwork internally and strategic partnerships with law enforcement, academia and industry vendors.
- Corporate social responsibility: Commitment to data privacy, legal compliance, training of judicial and law-enforcement partners, and community education on cyber risks.
- Evidence-focused mission: Specialized capabilities for identifying and extracting evidence from computer hard drives, mobile phones, media storage cards and cloud sources.
- R&D-led product roadmap focused on mobile forensics, file carving, decrypting, and cloud data acquisition.
- Global service network delivering incident response, expert testimony and training services.
- Standards-aligned processes (chain-of-custody, accreditation readiness) to support admissible evidence in court.
| Metric | Latest Reported Value | Notes / Relevance |
|---|---|---|
| Fiscal year | 2023 | Most recent annual reporting period |
| Revenue (RMB) | 362,400,000 | Top-line reflecting services and product sales in forensics and security |
| Net profit (RMB) | 42,700,000 | Profitability after R&D and operating expenses |
| R&D expenditure (RMB) | 78,500,000 | Investment to sustain innovation in forensic tools and platforms |
| R&D as % of revenue | 21.7% | Indicative of innovation intensity |
| Employees | 1,200 | Includes R&D, field services, sales and administration |
| Global service footprint | 30+ countries | Regions with deployments, training or partnerships |
| Market capitalization (approx.) | 3,200,000,000 RMB | Public market valuation on SZSE (subject to market fluctuation) |
- Target: Maintain R&D spend above 15% of revenue to drive product leadership.
- Service SLAs: Typical forensic turnaround of 48-72 hours for high-priority cases.
- Training reach: Annual training delivered to 5,000+ judicial and law-enforcement personnel across programs.
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