证券代码：688023 证券简称：安恒信息 公告编号：2025-067 杭州安恒信息技术股份有限公司 关于召开2025年第五次临时股东会的通知 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 29 日 至2025 年 12 月 29 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联 重要内容提示： 一、 召开会议的基本情况 （一） 股东会类型和届次 2025年第五次临时股东会 召开日期时间：2025 年 12 月 29 日 15 点 30 分 召开地点：杭州市滨江区西兴街道联慧街 188 号安恒大厦 3 楼会议室 （五） 网络投票的系统、起止日期和投票时间。 股东会召开日期：2025年12月29日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 （二） 股东会召集人：董事会 （三） 投票方式： ...

司的独立董事。本激励计划涉及的首次授予激励对象均符合《管理办法》《上市 规则》规定的激励对象条件，符合《激励计划（草案）》规定的激励对象范围， 其作为本激励计划激励对象的主体资格合法、有效。公司将在召开股东会前，通 过公司网站或其他途径，在公司内部公示激励对象的姓名和职务，公示期不少于 10天。董事会薪酬与考核委员会将于股东会审议股权激励前5日披露对激励对象名 单的审核意见及其公示情况的说明。 三、《激励计划（草案）》的制定、审议流程和内容符合《公司法》《证券 法》《管理办法》《上市规则》等有关法律、法规及规范性文件的规定；对各激 励对象限制性股票的授予安排、归属安排（包括授予数量、授予日、授予价格、 归属条件等事项）未违反有关法律、法规的规定，未侵犯公司及全体股东的利益。 本激励计划的相关议案尚需提交公司股东会审议通过后方可实施。 四、公司不存在向激励对象提供贷款、贷款担保或任何其他财务资助的计划 或安排。 杭州安恒信息技术股份有限公司 董事会薪酬与考核委员会关于公司 2025 年第二期限制性 股票激励计划相关事项的核查意见 杭州安恒信息技术股份有限公司（以下简称"公司"）董事会薪酬与考核委 员会依据《中华 ...

证券代码：688023 证券简称：安恒信息 公告编号：2025-066 杭州安恒信息技术股份有限公司 第三届董事会第十七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 杭州安恒信息技术股份有限公司（以下简称"公司"）第三届董事会第十七 次会议于 2025 年 12 月 3 日以通讯方式发出通知，2025 年 12 月 12 日以现场结 合通讯表决方式召开，会议由公司董事长范渊先生召集和主持，会议应到董事 11 人，实到董事 11 人。本次会议的召开符合《中华人民共和国公司法》（以下 简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"） 和《杭州安恒信息技术股份有限公司章程》（以下简称"《公司章程》"）的有关规 定，形成的决议合法、有效。 二、董事会会议审议情况 经与会董事投票表决，逐项审议并通过了以下议案： （一）审议通过《关于<杭州安恒信息技术股份有限公司 2025 年第二期限 制性股票激励计划（草案）>及其摘要的议案》 本议案尚需提交公司股东会审议。 表决情况 ...

安恒信息公告称，公司实施限制性股票激励计划，合计拟授出270万股，占公告日公司股本总额的 2.65%。其中，范渊、张小孟各获授6万股，分别占拟授出总量的2.22%；核心骨干人员（196人）共获 授173万股，占比64.07%；预留54万股，占比20%。预留授予对象需在激励计划经股东会审议通过后12 个月内确定，否则作废失效。 ...

每经AI快讯，有投资者在投资者互动平台提问：公司与沐曦股份有合作吗？什么合作内容？ 安恒信息（688023.SH）12月5日在投资者互动平台表示，公司与沐曦股份暂无合作，公司始终严格遵 守信息披露相关规定，若未来涉及需披露的合作事项，公司将及时履行信息披露义务并通过法定渠道公 告。 （记者 王晓波） ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 59.87 CNY based on a 2.65x PS multiple for 2026 [3][6]. Core Insights - The company is experiencing improved profitability primarily due to effective cost control, with a significant reduction in expense ratios [9]. - AI security is identified as the strategic core of the company, with the upcoming launch of the "Heng Nao 3.0" platform, which is expected to enhance product competitiveness [9]. - New business segments, particularly data security and MSS services, are showing rapid growth, with data security contracts increasing by nearly 25% year-on-year [9]. Financial Performance Summary - Revenue projections for 2025-2027 are adjusted to 2.126 billion, 2.306 billion, and 2.538 billion CNY, respectively, reflecting a growth rate of 4.1%, 8.5%, and 10.1% [3][5]. - The company is expected to achieve a net profit of 111 million CNY by 2027, with a significant turnaround from a net loss of 360 million CNY in 2023 [5][9]. - Gross margin is projected to decline slightly from 61.8% in 2023 to 58.3% by 2026, while net margin is expected to improve from -16.6% in 2023 to 4.4% in 2027 [5][9].

根据合作安排，双方将依托国产算力平台，围绕人工智能安全、重点行业场景创新、数据要素开发与流通等领域开展产品适配与联合研发，共同打造 覆盖基础设施、安全产品与行业应用的一体化解决方案。同时，双方还计划在安全能力输出、服务体系建设等方面探索协同模式。 在人才与生态层面，安恒信息与海光信息将通过联合实验室、联合培训等方式，推进安全人才培养和技术经验沉淀，并向上下游合作伙伴开放算力与 安全技术能力，推动形成更为完善的国产算力与安全产业生态。 从应用前景看，双方的合作有望在政务云、金融信创、能源安全生产、工业互联网等场景中落地，为用户提供更安全、高效、智能的数字基础设施， 提升关键行业在自主可控算力和安全防护方面的整体能力。随着项目推进，相关成果也将逐步通过产品化和解决方案形式推向市场。 （校对/秋贤） （文/罗叶馨梅）12月3日，安恒信息（688023.SH）发布消息称，公司与海光信息技术股份有限公司（以下简称"海光信息"）正式签署战略合作协议， 确立在技术创新、生态构建和资源共享等多领域长期稳定的合作关系。双方将立足"芯片+应用""算力+安全"的双轮驱动模式，建立长期协同机制。 安恒信息是国内网络安全和数据安全领域 ...

Core Viewpoint - Anheng Information's stock price has shown volatility, with a year-to-date increase of 33.70% but a recent decline over the past 20 and 60 days, indicating potential market fluctuations and investor sentiment changes [1][2]. Company Overview - Anheng Information Technology Co., Ltd. was established on May 15, 2007, and went public on November 5, 2019. The company specializes in the research, production, and sales of network information security products, as well as providing professional network information security services [1]. - The company's revenue composition includes: 36.78% from network information security services, 36.67% from network information security platforms, 20.36% from basic security products, 3.41% from third-party hardware products, and 2.42% from other sources [1]. Financial Performance - For the period from January to September 2025, Anheng Information reported a revenue of 1.205 billion yuan, representing a year-on-year growth of 5.24%. However, the net profit attributable to shareholders was -206 million yuan, reflecting a significant increase in losses by 38.63% compared to the previous period [2]. - Since its A-share listing, Anheng Information has distributed a total of 42.8148 million yuan in dividends, with no dividends paid in the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Anheng Information was 12,500, a decrease of 8.09% from the previous period. The average number of tradable shares per shareholder increased by 8.80% to 8,184 shares [2]. - Among the top ten circulating shareholders, Wan Jia You Xuan holds 5 million shares, remaining unchanged, while Hong Kong Central Clearing Limited increased its holdings by 1.3301 million shares to 2.2016 million shares [3].

Core Insights - The report emphasizes the upward synchronization of performance cycles and technology cycles in the computer industry, driven by AI empowerment and structural improvements in fundamentals [1][2][3] - The computer sector is characterized as a "bull market leader," with a significant resonance between fundamentals and liquidity, reflecting strong market recognition of revenue expansion potential [3][20] - The report forecasts substantial growth in various AI applications, including AI Coding, AI in office software, AI in finance, network security, intelligent driving, and industrial software, indicating a broad market opportunity [3][11][12][13][14][16][17] Group 1: AI Applications - AI Coding is projected to reshape software development paradigms, with a global market value expected to grow from $6.7 billion in 2024 to $25.7 billion by 2030, reflecting a compound annual growth rate (CAGR) of 25.2% [3][11][12] - The Chinese AI code generation market is anticipated to expand from 6.5 billion RMB in 2023 to 33 billion RMB by 2028, with a CAGR of 38.4% [3][12] - AI in office software is expected to reach a market size of 30.86 billion RMB in 2024, growing to 191.14 billion RMB by 2028, with a CAGR of 57.75% [3][12] - The network security market is projected to grow to $1.6 billion by 2028, with a CAGR exceeding 230%, driven by the integration of AI technologies [3][14] - Intelligent driving technologies are evolving towards L3 commercial applications, with significant growth in high-speed NOA penetration from 8.7% to 35.7% between 2023 and 2025 [3][16] Group 2: Investment Recommendations - The report suggests focusing on companies involved in AI Coding, such as Zhuoyi Information, and those in AI office software like Kingsoft Office and Foxit Software [3][11][12] - In the AI finance sector, companies like Tonghuashun and Jiufang Zhitu are highlighted for their innovative applications [3][13] - For network security, firms such as Deepin and Anheng Information are recommended due to their advancements in AI-driven security solutions [3][14] - In the intelligent driving space, companies like Desay SV and Zhongke Chuangda are noted for their leadership in high-performance driving solutions [3][16] - Industrial software firms like Zhongkong Technology and Rongzhi Rixin are recognized for their contributions to AI-driven industrial transformations [3][17]

Market Overview - The software development sector increased by 0.93% on November 28, with Yongxin Zhicheng leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Top Performers - Yongxin Zhicheng (688244) closed at 24.66, up 20.00% with a trading volume of 153,200 shares and a transaction value of 356 million [1] - Guotou Intelligent (300188) closed at 16.59, up 7.45% with a trading volume of 788,500 shares [1] - Weide Information (688171) closed at 50.98, up 6.52% with a trading volume of 19,100 shares [1] Underperformers - ST Lifan (300344) closed at 3.36, down 5.62% with a trading volume of 636,900 shares [2] - Yingfang Software (688435) closed at 53.48, down 4.50% with a trading volume of 63,800 shares [2] - Jinchengzi (688291) closed at 36.90, down 3.30% with a trading volume of 72,400 shares [2] Capital Flow - The software development sector saw a net inflow of 211 million from main funds, while retail investors experienced a net outflow of 180 million [2][3] - Guotou Intelligent had a main fund net inflow of 231 million, but retail investors saw a net outflow of 153 million [3] - Yongxin Zhicheng experienced a main fund net inflow of 76.87 million, with retail investors facing a net outflow of 39.56 million [3]