（一）夯实 AI 与数据安全基础，共筑新质生产力的安全底座 2025 年是智能体的元年，数据是人工智能发展的基础，公司将延续人工智 能技术的战略核心地位，并将人工智能与数据安全深度融合。2025 年上半年， 公司继续全面拥抱 AI，在西湖论剑 AI+新品发布会上发布国内首个安全 AI 智能 体——恒脑 3.0，通过混合专家模型架构实现泛连接、高交互、全模态，推出 XSIAM 平台、AI+SaaS-XDR、智能安全托管运营服务等"让安全更智能"的系 列新品。同时，公司围绕企业应用、智算中心、政数局、大模型安全监管等核心 场景，发布"让智能更安全"的四大 AI 安全解决方案。2025 年 2 月，恒脑作为 年度唯一 AI+安全项目荣获"2024 年度吴文俊人工智能科学技术奖科技进步二 等奖"。在 AI 技术与数据安全融合创新方面，公司通过 AI 赋能数据安全全栈产 品，在 AI+分类分级上实现质的突破，同时推进 AI+DLP、AI+数审等场景的智 能化应用。IDC 报告显示，公司在 2024 中国数据安全管理平台市场份额位列第 一。公司将持续以人工智能大模型的技术创新作为重要引擎，催生发展更多智能 安全新质生产力 ...

集体业绩说明会的公告 证券代码：688023 证券简称：安恒信息 公告编号：2025-056 杭州安恒信息技术股份有限公司 关于参加 2025 年半年度科创板软件行业 会议召开时间：2025 年 9 月 11 日（星期四）下午 15:00-17:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 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。 重要内容提示： （一）会议召开时间：2025 年 9 月 11 日（星期四）下午 15:00-17:00 （ 二 ） 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： 会议召开方式：网络文字互动 投资者可于 2025 年 9 月 10 日（星期三）16:00 前登录上证路演中心网站 首页，点击"提问预征集"栏目或通过公司邮箱 ahxx@dbappsecurity.com.cn 进行 提问。公司将在说明会上对投资者普遍关注的问题进 ...

证券代码：688023 证券简称：安恒信息 公告编号：2025-054 杭州安恒信息技术股份有限公司 关于公司 2025 年半年度募集资金存放、管理与实际 使用情况的专项报告 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。 根据《上市公司募集资金监管规则》《上海证券交易所科创板上市公司自律 监管指引第 1 号—规范运作》以及杭州安恒信息技术股份有限公司（以下简称 "公司"或"安恒信息"）《募集资金管理制度》等有关规定，公司 2025 年半 年度募集资金存放、管理与实际使用情况专项报告如下： 一、募集资金基本情况 （一）募集资金金额及到位时间 1、首次公开发行股票募集资金 根据中国证券监督管理委员会 2019 年 10 月 16 日作出的《关于同意杭州安 恒信息技术股份有限公司首次公开发行股票注册的批复》（证监许可[2019]1919 号），同意公司向社会公开发行人民币普通股 18,518,519 股，每股发行价格为 56.50 元（人民币，下同），募集资金总额为人民币 104,629.63 万元，扣除承销 及保荐费用、发行 ...

证券代码：688023 证券简称：安恒信息 公告编号：2025-055 杭州安恒信息技术股份有限公司 第三届董事会第十五次会议决议公告 杭州安恒信息技术股份有限公司（以下简称"公司"）第三届董事会第十五 次会议于 2025 年 8 月 15 日以邮件、电话方式发出通知，2025 年 8 月 26 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》《中 华人民共和国证券法》和《杭州安恒信息技术股份有限公司章程》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： 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 （一）审议通过《关于公司<2025 年半年度报告>及摘要的议案》 表决情况：11 票同意，0 票反对，0 票弃权。 本议案已经公司董事会审计委员会审议通过。 本议案内容详见公司刊登于上海证券交易所网站（www.sse.com.cn）的《 ...

Group 1 - The board of directors of Hangzhou Anheng Information Technology Co., Ltd. held its 15th meeting of the third session on August 26, 2025, with all 11 directors present, ensuring compliance with relevant laws and regulations [1][2] - The board approved the company's 2025 semi-annual report and its summary, with a unanimous vote of 11 in favor [1][2] - The board also approved a special report on the management and actual use of the company's fundraising for the first half of 2025, again with a unanimous vote of 11 in favor [2] - Additionally, the board approved a semi-annual evaluation report on the "Quality Improvement and Efficiency Enhancement" action plan for 2025, with a unanimous vote of 11 in favor [2]

Company Overview - Hangzhou Anheng Information Technology Co., Ltd. reported a total asset of approximately 4.55 billion RMB at the end of the reporting period, a decrease of 9.56% compared to the previous year [1] - The net assets attributable to shareholders decreased by 6.40% to approximately 2.35 billion RMB [1] Financial Performance - The company's operating revenue for the reporting period was approximately 732.84 million RMB, reflecting a year-on-year increase of 5.05% [1] - The total profit for the period was a loss of approximately 194.98 million RMB, an improvement from a loss of 275.27 million RMB in the previous year [1] - The net profit attributable to shareholders was a loss of approximately 194.12 million RMB, also an improvement from a loss of 275.61 million RMB in the previous year [1] - The net cash flow from operating activities was a negative 321.45 million RMB, compared to a negative 428.73 million RMB in the previous year [1] - The weighted average return on net assets increased by 3.30 percentage points to -7.89% [1] - Basic and diluted earnings per share were both -1.90 RMB, an improvement from -2.69 RMB in the previous year [1] - Research and development expenses accounted for 28.58% of operating revenue, a decrease of 7.09 percentage points from the previous year [1] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 13,569 [2] - The largest shareholder, Fan Yuan, holds 12.86% of the shares, amounting to 13,125,717 shares [2] - Other significant shareholders include Hangzhou Alibaba Venture Capital Co., Ltd. and various investment funds, with holdings ranging from 0.85% to 4.90% [2]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2025, representing a year-on-year growth of 25%[1]. - The company's revenue for the first half of the year reached ¥732,839,944.98, representing a 5.05% increase compared to ¥697,593,910.53 in the same period last year[20]. - The total profit for the period was -¥194,978,009.53, an improvement from -¥275,271,859.90 in the previous year[20]. - The net profit attributable to shareholders was -¥194,116,748.24, compared to -¥275,605,556.02 in the same period last year[20]. - The company achieved total operating revenue of ¥732,839,944.98, representing a year-on-year growth of 5.05%[129]. - The net profit attributable to shareholders was -¥194,116,748.24, with a net profit of -¥208,394,668.25 after deducting non-recurring gains and losses[129]. - The company reported a total revenue of 117.33 billion RMB, with a net profit of 20.12 billion RMB, reflecting a significant performance in the current period[119]. Future Outlook - The company has set a future outlook with a revenue target of 2.5 billion RMB for the full year 2025, indicating a projected growth rate of 20%[1]. - The company plans to increase its marketing budget by 30% to support the launch of new products and enhance brand visibility[1]. - The company is expanding its market presence in Southeast Asia, with plans to establish partnerships with local firms, aiming for a 10% market share within two years[1]. Product Development and Innovation - New product development includes the launch of a cloud security solution, which is expected to contribute an additional 300 million RMB in revenue by the end of 2025[1]. - The company has invested 200 million RMB in research and development for AI-driven security solutions, aiming to lead the market by 2026[1]. - The company emphasizes continuous product innovation and strong R&D capabilities to maintain competitive advantages in the industry[28]. - The company has launched a new data security product, AiSort, which utilizes intelligent agents for structured and unstructured data classification, significantly improving efficiency compared to traditional methods[30]. - The company has developed a comprehensive product system covering the entire lifecycle of network information security, including basic products, platforms, and services[28]. Market Position and Competitive Advantage - The company ranks second in the Chinese Web Application Firewall market share according to IDC's report, and holds the first position in Managed Security Services in China[49]. - The company’s data security software is ranked second in the Chinese market as per IDC's tracking report for the second half of 2024[50]. - The company’s core products maintain a leading market share in China, particularly in web application firewalls and database auditing systems[81]. Research and Development - The R&D investment as a percentage of revenue was 28.58%, down from 35.67% in the previous year, indicating a strategic focus on core business and efficiency improvement[22]. - The company holds a total of 1,964 intellectual property rights, including 1,123 invention patents and 520 software copyrights[110]. - The company has developed multiple proprietary technologies, including a "smart alarm correlation analysis system" and a "multi-layer threat intelligence reasoning engine"[109]. Risks and Challenges - The management highlighted potential risks including increased competition and regulatory changes, which could impact future performance[1]. - The company faces risks related to the loss of core technical personnel, which could impact future product development and growth[123]. - The company is exposed to financial risks from stock-based compensation plans that may adversely affect current and future financial conditions[126]. Government Support and Subsidies - The company received government subsidies amounting to ¥12,606,425.47, which positively impacted its financial performance[24]. - The company received government subsidies amounting to $15,396,808.58 due to VAT refunds[26]. Strategic Initiatives - A strategic acquisition of a cybersecurity startup was completed, which is anticipated to enhance the company's technological capabilities and add 150 million RMB to annual revenue[1]. - The company has established a strong competitive position across its product lines within the industry[28]. - The company is focused on enhancing its data security capabilities through continuous innovation in AI-driven solutions and risk management platforms[30]. Operational Efficiency - The company’s intelligent agent development platform allows for zero-code and low-code creation of agents, facilitating rapid deployment based on business needs[29]. - The company’s AI-driven efficiency improvements led to a significant enhancement in operational efficiency, leveraging AI to create a closed loop of quality improvement, cost reduction, and efficiency increase[59]. - The company has launched a crowd-testing service specifically designed for high-end users in finance and government, significantly reducing testing costs while maintaining security standards[35]. Compliance and Governance - The company has committed to a cash dividend policy that provides stable returns to investors while considering external environment changes and operational needs[175]. - The company guarantees strict adherence to all public commitments disclosed in the IPO prospectus[164]. - The company will ensure that any share reduction after the lock-up period complies with relevant laws and regulations[163].

Key Insights - The report highlights the growth potential of the Chinese casual dining sector, with a market size projected to reach approximately 3.9 trillion yuan by 2025, growing at a CAGR of 8.9% from 2023 to 2028 [9] - The company "小菜园" (Little Garden) is identified as a leading player in the casual dining space, with a focus on cost-effectiveness and a successful expansion strategy across China [8][11] - In 2024, Little Garden achieved revenue of 5.21 billion yuan, representing a year-on-year increase of 14.5%, and a net profit of 580 million yuan, up 9.1% [8] - The company plans to continue its expansion, with projections to increase its store count significantly from 667 in 2024 to 1,809 by 2030 [10] Company Overview - Little Garden operates a direct sales model and emphasizes value for money, with an average dining price of 59.2 yuan in 2024 [8] - The company has a strong presence in the East China region, with over 80% of its stores located there, and aims to penetrate deeper into this market while exploring new regions [10] - The report anticipates that the company's net profit will grow to 770 million yuan, 940 million yuan, and 1.12 billion yuan in 2025, 2026, and 2027 respectively, reflecting growth rates of 32%, 22%, and 19% [11] Industry Analysis - The casual dining market is characterized by a fragmented landscape, with the top five companies holding less than 1% market share, indicating significant opportunities for brands that can capture the lower-tier markets and enhance online presence [9] - The report draws parallels with Japan's dining sector, noting that leading companies can thrive even during economic downturns, suggesting a resilient growth trajectory for Little Garden [9] - The report emphasizes the importance of supply chain efficiency and operational improvements as key drivers for profitability in the casual dining sector [10] Investment Recommendations - The report suggests a target stock price range for Little Garden of 13.4 to 14.3 HKD, indicating a potential upside of 32.3% from the current price [11] - The company is rated "outperform" based on its strong market position, effective expansion strategy, and improving operational efficiency [11]

(相关资料图) 快讯正文 国信证券发布安恒信息研报，向AI安全迈进，新领域有望突破 每经AI快讯，国信证券8月18日发布 研报称，给予安恒信息（688023.SH）优于大市评级。评级理由主要包括：1）公司向AI安全迈进，行 业在2025年有望触底；2）传统业务依然领先，AI安全已初现价值；3）公司在数据要素的积累，有望 在RWA时代迎来新机会；4）公司费用下降明显，正向剪刀差有望逐步显现。风险提示：AI产业发展不 及预期；竞争格局持续恶化；下游IT开支收紧。每经头条（nbdtoutiao）——拿自己钱买基金，基金经 理晒实盘：最高的赚了100多万元！实际收益率被网民吐槽？同行评价：没必要（记者王晓波）免责声 明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。每日经济新闻 下载和讯APP查看快讯，体验更佳>> 标签： 国信证券 安恒信息 新领域 新机会 基金 ...

Group 1 - The core viewpoint of the report is that Anheng Information (688023.SH) is rated as outperforming the market due to its strategic move towards AI security, which is expected to reach a bottom in the industry by 2025 [2] - The company's traditional business remains strong, and the value of AI security is beginning to emerge [2] - Anheng Information has accumulated data elements that are likely to present new opportunities in the RWA era [2] - The company has shown a significant decrease in expenses, indicating a potential positive divergence in financial performance [2]