In the Second of this Three part SK Originals series, we discuss how China's Company Accounting Standard No. 14 - Revenue ("CAS No. 14") could impact the revenue recognition policy of Qi An Xin Technology Group (688561 CH). This impact includes, amongst others, the timing of revenue recognition and differing revenue recognition across a company's business segments.
Similar to before. we discuss the materiality threshold used to identify the listed software companies that have made changes to their accounting polices in lieu of CAS No. 14, the key implications and what this all means for Qi An Xin, with reference to industry dynamics, relative valuation, and company fundamentals.
Further, Qi An Xin is the official Cyber Security Services and Anti-Virus Software Sponsor of the Beijing 2022 Olympic and Paralympic Winter Games. We discuss the potential uplift for Qi An Xin in terms of greater awareness derived from the Olympic event.
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