Core Insights - The Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index (950180) has shown a strong increase of 1.23% as of June 3, 2025, with notable gains in constituent stocks such as Lanke Technology (688008) up by 5.57% and Fudan Microelectronics (688385) up by 3.75% [2] - The upcoming Global Artificial Intelligence Technology Conference (GAITC 2025) will be held in Hangzhou from June 7 to 8, focusing on themes of "crossing, integration, mutual growth, and win-win" [2] - CITIC Securities reports that the process of re-evaluating the value of China's technology industry is ongoing, recommending investors to focus on the expansion of the AI ecosystem and the investment opportunities arising from application implementation [2] ETF Performance - The Sci-Tech AI ETF (588790) closely tracks the Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index, which includes 30 large-cap companies providing resources, technology, and application support for AI [3] - The ETF has seen a significant growth in scale, increasing by 82.29 million yuan in the past week, ranking it in the top one-sixth among comparable funds [3] - As of the latest data, the ETF's shares reached a new high of 5.578 billion shares, also placing it in the top one-sixth among comparable funds [3] Fund Flows - The Sci-Tech AI ETF has experienced continuous net inflows over the past five days, with a peak single-day net inflow of 42.23 million yuan, totaling 115 million yuan in net inflows [3] - The latest margin buying amount for the ETF reached 11.92 million yuan, with a margin balance of 72.73 million yuan [3] Return Metrics - As of May 30, 2025, the Sci-Tech AI ETF has achieved a maximum monthly return of 15.59% since its inception, with the longest consecutive monthly gain being two months and a total increase of 26.17% [4] - The ETF has a relative drawdown of 0.40% compared to its benchmark since inception [4] Fee Structure and Tracking Accuracy - The management fee for the Sci-Tech AI ETF is 0.50%, and the custody fee is 0.10%, making it the lowest among comparable funds [5] - The ETF has a tracking error of 0.016% over the past three months, indicating high tracking accuracy compared to similar funds [5] Valuation Insights - The latest price-to-earnings ratio (PE-TTM) for the index tracked by the ETF is 116.45, which is in the 16.67th percentile over the past year, indicating a valuation lower than 83.33% of the time in the past year [5] - The top ten weighted stocks in the index account for 70.6% of the total, with Lanke Technology (688008) holding the highest weight at 10.47% [5][7]

Group 1 - The three major indices opened lower on May 30, with the technology sector experiencing a decline, as evidenced by the Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index dropping by 1.69% [1] - The Sci-Tech Innovation Board Artificial Intelligence ETF (588930) also opened lower, currently down by 1.77%, with over 90% of its constituent stocks declining, while Anheng Information and Stone Technology showed gains [1] - Notably, on May 29, the Sci-Tech Innovation Board Artificial Intelligence ETF (588930) saw a net inflow of over 4.5 million yuan [1] Group 2 - On May 29, the Zhejiang Provincial Economic and Information Technology Department released the "Implementation Opinions on Promoting the Innovative Development of Intelligent Computing Cloud (2025-2027)," aiming to build a robust intelligent computing cloud ecosystem by 2027 [2] - The overall goal includes achieving a computing scale of 60 EFlops through public cloud services and nurturing 100 benchmark enterprises in the intelligent computing cloud sector [2] - Zheshang Securities anticipates that 2025 will be a significant year for AIGC applications, driven by hardware advancements and reduced training costs, which will catalyze product growth [2] - Huaxin Securities highlights the accelerated upgrade of industry intelligence and the deepening application of automation technology, suggesting opportunities in AI and cloud computing collaboration [2]

Core Viewpoint - The Shanghai Stock Exchange and China Securities Index will officially launch the Shanghai Stock Exchange Science and Technology Innovation Board Computer Theme Index on May 27, which aims to reflect the overall performance of listed companies in the computer sector on the Science and Technology Innovation Board [1][3]. Group 1: Index Launch and Market Performance - The new index will include 50 stocks from the computer sector, such as Anheng Information, Guodun Quantum, and Shanshi Network Technology, focusing on software development, IT services, and computer hardware [3][5]. - On May 26, the computer sector saw a strong performance, with the CSI Computer Index rising by 1.39%, driven by news of a merger between two major computing companies [3][4]. - Several computer-themed ETFs also experienced significant gains, with Tianhong CSI Computer Theme ETF rising by 1.77% as of May 26 [3][4]. Group 2: Investment Opportunities and Trends - Over the past year, various computer-related indices have shown an increase of over 19%, indicating strong investment interest in the sector [4]. - The launch of the new index is expected to attract more ETFs that track it, providing investors with low-cost, diversified investment tools [5][6]. - The ongoing development of AI applications is anticipated to boost demand for software and computer hardware, further enhancing the investment landscape in the computer sector [5][6].

中经记者 蒋牧云 李晖 温州 北京报道 国家数据局开展数据基础设施建设先行先试已半年有余，各地推进成果如何？ 《中国经营报》记者近日在2025数据安全发展大会上获悉，作为试点城市的温州市的数场、可信数据空 间、数联网、数据元件、隐私保护计算、区块链等6项国家数据基础设施建设先行先试成果已投入使 用。 在采访中，多位参与试点建设的业内人士告诉记者，基于温州市设立的配套制度，以及技术应用，使得 在具体场景中不同行业、不同部门之间的数据得以打通，并释放数据价值。一定程度解决了数据交易 中"红线不清、场景不明"问题。 从温州实践来看，则是在设施架构上进行了价值探索。具体拆解温州此次投用试点，可将其看做一个三 层架构的综合数据基础设施——顶层为区域、全域的功能节点，是由温州市数据集团统建的管理平台以 及基础支撑平台，负责统一接口管理、身份登记、目录标识等。 中层为趣链科技、安恒信息等多家生态厂商共建的业务节点层面，分为数场流通利用平台、隐私保护计 算公共服务平台、区块链公共服务平台、公共数据授权平台、数据元件加工管理平台。 底层则为数据流通链，各厂商通过连接器接入，并通过连接器发布需求，获取数据产品。 作为中间层的关键 ...

本法律意见书仅供本次股东大会之目的使用。本所律师同意将本法律意见书 随公司本次股东大会其他信息披露资料一并公告。 公司董事会于 2025 年 4 月 29 日召开第三届董事会第十三次会议，审议通 过了《关于公司<2024 年年度报告>及摘要的议案》《关于公司 2024 年度 总经理工作报告的议案》《关于公司 2024 年度董事会工作报告的议案》 《关于公司 2024 年度财务决算报告的议案》《关于公司 2024 年度利润分 配方案的议案》《关于续聘公司 2025 年度审计机构的议案》《关于公司 上海君澜律师事务所 关于杭州安恒信息技术股份有限公司 致：杭州安恒信息技术股份有限公司 根据《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》《上市公司股东会规则》（以下简称"《股东会规则》"）等法 律、法规、规章、规范性文件及《杭州安恒信息技术股份有限公司章程》（以下 简称"《公司章程》"）的规定，上海君澜律师事务所（以下简称"本所"）接 受杭州安恒信息技术股份有限公司（以下简称"公司"）的委托，指派本所律师 出席公司2024年年度股东大会（以下简称"本次股东大会"），并就本次股东大 会的 ...

决议合法有效。 特此公告。 杭州安恒信息技术股份有限公司董事会 表决情况： | 同意 | | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | 股东类型 比例 | | | | | | 比例 | | 票数 | 票数 | 比例（%） | | | | 票数 | | （%） | | | | | | （%） | | 普通股 0.7969 | 41,284,093 | 99.1474 331,841 | | 23,171 | 0.0557 | | | （二） 5%以下股东的表决情况 | 涉及重大事项，应说明 | | | | | | | 议案 反对 | | 同意 | | | 弃权 | | | 议案名称 | | | | | | | | 比例（%） 序号 | 票数 | 比例（%） 票数 | | | 比例（%） 票数 | | | 年度利润分配 22 | | 2,938 | | | 1 | | | 方案的议案》 | | | | | | | | 机构的议案》 | | | | | | | | 监事、高级管理 | | | | | | | | 人员薪酬的议 | | ...

本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 5 月 21 日 （二） 股东大会召开的地点：杭州市滨江区西兴街道联慧街 188 号安恒大厦 3 楼会议室 证券代码：688023 证券简称：安恒信息 公告编号：2025-038 杭州安恒信息技术股份有限公司 2024年年度股东大会决议公告 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。 重要内容提示： （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 75 | | --- | --- | | 普通股股东人数 | 75 | | 2、出席会议的股东所持有的表决权数量 | 41,639,105 | | 普通股股东所持有表决权数量 | 41,639,105 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 40.9112 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 40.9112 | ...

上海君澜律师事务所 关于杭州安恒信息技术股份有限公司 2024 年年度股东大会的法律意见书 一、 本次股东大会的召集、召开程序 1.1 本次股东大会由公司董事会召集。 公司董事会于 2025 年 4 月 29 日召开第三届董事会第十三次会议，审议通 过了《关于公司<2024 年年度报告>及摘要的议案》《关于公司 2024 年度 总经理工作报告的议案》《关于公司 2024 年度董事会工作报告的议案》 《关于公司 2024 年度财务决算报告的议案》《关于公司 2024 年度利润分 配方案的议案》《关于续聘公司 2025 年度审计机构的议案》《关于公司 2024 年年度募集资金存放与实际使用情况专项报告的议案》《关于公司 1 上海君澜律师事务所 法律意见书 致：杭州安恒信息技术股份有限公司 根据《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》《上市公司股东会规则》（以下简称"《股东会规则》"）等法 律、法规、规章、规范性文件及《杭州安恒信息技术股份有限公司章程》（以下 简称"《公司章程》"）的规定，上海君澜律师事务所（以下简称"本所"）接 受杭州安恒信息技术股份有限公司（以下简称"公司 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Insights - The launch of Hengnao 3.0 marks a new era in AI security, addressing the dual mission of responding to security risks posed by rapidly evolving AI technologies and reconstructing security defense systems to tackle increasingly complex cyber threats [1][2] - The continuous evolution of Hengnao models from 1.0 to 3.0 reflects the company's progression from exploration to leadership in the AI security field [2] - AI is fundamentally transforming the cybersecurity industry, shifting it from a labor-intensive to a technology-intensive model, with the global AI market in cybersecurity projected to reach $25.89 billion in 2024, growing at a CAGR of 16.2% from 2024 to 2029 [3] - The company is building competitive advantages through three dimensions: - Technological integration, enhancing core scenarios such as data classification and leakage prevention, achieving efficiency improvements of 30 times and 50 times respectively [3] - Ecosystem development, actively participating in national data infrastructure construction and initiating strategic partnerships [3] - Strategic collaboration with various technology vendors, resulting in 182 new compatible products in 2024 [3] - The company is expected to establish a differentiated advantage in the AI security sector through the continuous iteration of Hengnao models, maintaining a leading market position amid the wave of intelligent transformation [4] Financial Forecast and Valuation - The company’s revenue projections for 2025-2027 are estimated at 21.46 billion, 22.71 billion, and 24.21 billion yuan, with net profits of 0.47 billion, 1.26 billion, and 1.72 billion yuan respectively [10] - The earnings per share (EPS) is projected to be 0.60 yuan in 2025, 1.59 yuan in 2026, and 2.17 yuan in 2027, with a price-to-earnings (P/E) ratio of 78.67 in 2025, decreasing to 21.67 by 2027 [12]

Core Viewpoint - The article discusses the challenges and transformations in the cybersecurity industry, particularly in the context of AI technology, highlighting the shift towards AI-driven security solutions and the competitive landscape among cybersecurity firms [2][4]. Group 1: Industry Challenges - Qi Anxin, a leading cybersecurity firm, reported a loss exceeding 1.3 billion yuan in 2024, reflecting the "red ocean" dilemma faced by the cybersecurity industry due to market saturation, price competition, and tightening client budgets [2][5]. - The cybersecurity sector, which previously thrived on compliance-related demands, is now experiencing a peak in growth, prompting major firms to seek new opportunities for the next decade [2][4]. - The industry is witnessing a significant shift as clients increasingly develop in-house security capabilities, reducing their reliance on external cybersecurity services [4][11]. Group 2: AI Integration and Opportunities - The emergence of AI technology has led to a new phase of competition where both attackers and defenders utilize AI, creating a "cat-and-mouse game" in cybersecurity [2][10]. - The introduction of generative AI has significantly lowered the cost of attacks by 75%, necessitating a reconfiguration of defense systems and presenting new market opportunities for cybersecurity firms [7][11]. - Three key incremental market opportunities for cybersecurity firms in the AI era include compliance-driven service upgrades, vertical industry-specific demands, and the growth of cloud-native security solutions [7][8]. Group 3: Market Dynamics and Future Outlook - The cybersecurity market is becoming increasingly saturated, with product homogenization and a singular business model limiting growth potential [7][8]. - Major cybersecurity firms are launching vertical AI models to integrate their security products and data, aiming for systematic delivery to clients [10]. - The balance between technological innovation and risk management will be crucial for cybersecurity firms to thrive in the evolving landscape shaped by AI [11].