杭州安恒信息技术股份有限公司 2024 年年度股东大会 会议材料 2025 年 5 月 21 日 安恒信息 2024 年年度股东大会 股东大会须知 为保障杭州安恒信息技术股份有限公司全体股东的合法权益，维护股东大 会的正常秩序，保证股东大会的议事效率，确保本次股东大会如期、顺利召开， 根据《中华人民共和国公司法》《杭州安恒信息技术股份有限公司章程》《杭 州安恒信息技术股份有限公司股东大会议事规则》及中国证券监督管理委员会、 上海证券交易所的有关规定，特制定本须知。 一、股东大会设会务组，由公司董事会秘书负责会议的程序安排和会务工 作。 二、为保证股东大会的严肃性和正常秩序，切实维护与会股东（或股东代 表）的合法权益，除出席会议的股东（或股东代表）、公司董事、监事、高级 管理人员、见证律师及董事会邀请的人员外，公司有权依法拒绝其他人员进入 会场。 三、出席会议的股东（或股东代表）须在会议召开前 20 分钟到会议现场办 理签到手续，并请按规定出示证券账户卡、身份证或法人单位证明、授权委托 书以及参会回执等，经验证后领取会议资料，方可出席会议。 四、股东（或股东代表）依法享有发言权、咨询权和表决权等各项权益。 如股 ...

Core Insights - The industrial information security industry in China is experiencing rapid growth, with the market size projected to reach approximately 28.734 billion yuan in 2023 and around 39.152 billion yuan in 2024, driven by increasing awareness of information security and the rise of cyber threats [1][10] - The demand for industrial information security spans various sectors, including electricity, petrochemicals, manufacturing, and transportation, highlighting the critical need for security measures in these industries [10] Industry Definition and Classification - Industrial information security refers to the protection of information during industrial operations, encompassing industrial control systems (ICS), industrial internet, and industrial IoT, aimed at ensuring confidentiality, integrity, and availability of industrial production processes [2][4] Industry Chain Analysis - The industrial information security industry chain includes upstream hardware suppliers, software technology providers, and network infrastructure providers, with midstream solution providers and system integrators, and downstream industrial users and regulatory bodies [4] Development History - The industry has evolved through three stages: passive foundation, independent breakthroughs, and ecological restructuring, transitioning from policy-driven compliance to technology-led initiatives [6] Current Industry Status - The number of registered companies in the industrial information security sector has steadily increased, with 106,349 companies registered in 2023, and this trend is expected to continue as demand grows due to initiatives like Industry 4.0 and Made in China 2025 [8] Market Composition - The market composition shows that security hardware accounts for 45%, security software for 30%, and security services for 25%, indicating the significant role of hardware in safeguarding industrial information security [12] Key Companies Analysis - Major players in the industry include Qihoo 360, NSFOCUS, Inspur, and others, each specializing in different aspects of industrial information security, such as comprehensive protection systems, cloud security, and terminal security [14][15] Future Development Trends - Key trends include technological integration, where AI, big data, IoT, and blockchain converge to enhance security measures, and ecological collaboration among manufacturers, software developers, and service providers to create a robust security ecosystem [21][22] Regulatory Impact - Strengthening compliance requirements is significantly influencing the industry, prompting companies to enhance their security measures and invest in compliance with new regulations, thereby raising industry standards [23]

每经记者｜张蕊 每经编辑｜陈旭 没有安全，数据流通就无从谈起；没有流通，数据就难以赋能千行百业。 5月10日，以"数智无界 安全共生"为主题的2025中国数谷·西湖论剑大会在杭州开幕。 中国计算机学会（CCF）原理事长、CCF计算机博物馆馆长梅宏在大会主论坛上提到，没有数据就不可能有智能，就像燃料和火箭的关系一样。现在业界经 常讲本轮AI革命的三要素：算法、数据、算力，实际上数据是关键。 推动AI（人工智能）向AGI（通用人工智能）演进，数据与AI的深度融合非常重要，但现在缺乏高质量的数据集致数据流通受限，这是不是一个关键的堵 点？ 对于《每日经济新闻》记者提出的这一问题，安恒信息技术股份有限公司（SH688023，股价49.18元，总市值50.30亿元，以下简称安恒信息）高级副总裁、 研究院院长王欣表示，数据的流通受限确实是一个关键问题。 私有数据是让模型落地到场景里发挥价值的关键因素 王欣对《每日经济新闻》记者表示，整个模型从构建到应用落地分为两个方面：一方面，现在"大厂"做一些基础的通用模型训练，更多用到的是互联网的网 页数据。这里存在一些具体数据层面的安全问题，主要是数据质量问题，这影响了模型本身的能 ...

转自：经济日报新闻客户端 安恒信息技术股份有限公司董事长范渊认为，AI智能体发展有条件自主、高度自主和完全自主三重境 界，安恒信息通过智能体赋能安全运营、安全监管，重构威胁情报共享和协同防御体系，实现从传统的 被动响应转向主动防御，同时通过智能体生态共创，结合各自专业领域的业务知识，共创出兼具创新与 实用的智能体，在技术、业务、成果上实现共赢。 随着人工智能技术在政务、金融、工业等关键领域的深度赋能，安全智能体已成为构筑数字时代网络安 全防御体系的核心要素。会上发布了《安全智能体魔方：成熟度模型评价研究报告》，该报告创新性地 构建了安全智能体的多维度成熟度评估框架，通过剖析高价值场景案例，前瞻性研判安全大模型及智能 体的发展趋势与挑战，推动AI应用向"可信可控"升级，为数字经济发展筑牢智能化安全根基。 范渊分析，在数据要素化发展新阶段，数据安全要从静态安全向动态安全迭代升级，需要对数据、业务 和行为意图进行更为深入的理解，安全智能体是解题的关键核心。在可信数据空间领域，AI原生可信 数据空间可实现可信数据空间与AI的双向赋能。既要看到"人工智能带来前所未有发展机遇"，也要看到 它"带来前所未遇风险挑战"，必须 ...

Group 1 - The 2025 China Digital Valley West Lake Forum opened on May 10, focusing on the integration of data element marketization and artificial intelligence, aiming to inject new momentum into the high-quality development of the digital economy [1][3] - Key discussions included the challenges of data elementization, the need for a data-centered organizational structure, and the establishment of clear legal frameworks for data assets [3][6] - The forum featured multiple sessions, including a main forum and parallel discussions on AI applications, data security, and the role of AI in digital transformation [3][4] Group 2 - A significant initiative was launched to promote the integration of data elements and artificial intelligence, emphasizing institutional, technological, organizational, and ecological innovations [6][9] - The forum highlighted the construction of a trusted data space for the marine economy, which has gathered 277 types of high-quality marine data resources and developed over 40 innovative application scenarios [7][9] - Discussions on the evolution of data security governance emphasized the need for a dynamic data security system to address the increasing scale and speed of data circulation [10][9] Group 3 - The importance of AI in enhancing data security and operational sustainability was underscored, with AI being positioned as a key solution to evolving security challenges [10][4] - The forum also addressed the governance challenges posed by rapid technological advancements, advocating for a balanced approach to innovation and security [10][4] - Strategic collaborations were initiated, including agreements between various institutions to strengthen the digital economy's development [6][9]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company has demonstrated significant improvements in operational quality and efficiency, with a clear performance inflection point driven by AI product innovations [2][4] - The core product lines, particularly in data security and managed security services (MSS), have shown robust growth, with new AI-driven products contributing to this expansion [3][4] - The financial forecasts for 2025-2027 have been adjusted upwards, reflecting a recovery in demand within the cybersecurity sector [5] Financial Performance Summary - In 2024, the company achieved revenue of 2.043 billion, a year-on-year decrease of 5.87%, while the net profit attributable to shareholders was a loss of 198 million, significantly narrowing from a loss of 360 million in 2023 [1] - For Q1 2025, the company reported revenue of 311 million, marking a year-on-year increase of 10.8%, with a net loss of 111 million, also a significant improvement from the 200 million loss in Q1 2024 [1] - The company’s expense ratios for sales, management, and R&D have decreased significantly, indicating effective cost control measures [2] Product and Market Development - The company’s AI strategy has led to substantial growth in key product areas, with data security new product contracts increasing over 40%, and MSS revenue growing by more than 25% year-on-year [3] - The introduction of new AI-driven products and platforms is expected to create new growth opportunities, enhancing the company's competitive position in the cybersecurity market [4]

Core Insights - The integration of AI technology into cybersecurity has reached a new stage of intelligent confrontation, with "AI + Security" being the key to breaking through current challenges [1][3] - Anheng Information launched several new products at the "West Lake Sword AI + New Product Launch Conference," including Hengnao 3.0 and AI-driven security solutions tailored for various core scenarios [1][4] Product Developments - Anheng Information introduced Hengnao 3.0, AiLPHA Intelligent Security Operation Platform, AI + SAAS-XDR, and a one-stop platform for AI-driven DevSecOps, marking significant advancements in multi-modal interaction and connectivity [1][4] - The Hengnao 3.0 platform supports MCP protocols and A2A protocols, enabling the intelligent agent to utilize hundreds of plugins, enhancing task execution control and human-machine collaboration efficiency [4] Security Challenges and Solutions - The industry consensus is that general large models face challenges in security scenarios due to a lack of specialized training data, leading to semantic misjudgments in threat analysis [3] - Anheng Information emphasizes the need for "professional intelligent agents" that understand offensive and defensive logic and can dynamically evolve to meet compliance requirements and respond to new threats [3] Government and Industry Applications - Various local governments are launching AI + government applications, which require tailored AI security solutions to address unique industry characteristics and data types [5] - Anheng Information's CTO highlighted the development of a dual-spiral framework that integrates technology and application, focusing on making security smarter and intelligence safer [5] Broader AI Applications - AI is being widely applied across various fields, including natural language processing, computer vision, and healthcare, with the development of large models entering a commercial application phase [6] - The emergence of "hallucination" phenomena in large models raises concerns about content credibility and fairness, necessitating a multi-dimensional approach to ensure safety in AI applications [6]

Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Insights - The company is experiencing a structural breakthrough through strategic focus and technological innovation, with significant growth in data security, domestic innovation, and managed security services (MSS) despite overall revenue pressure [2] - Cost reduction measures have led to a significant improvement in operational quality, with operating cash flow turning positive for the first time since 2021, driven by enhanced collection efficiency and optimized procurement spending [3] - AI technology is being leveraged to enhance both product efficiency and management processes, with direct AI product revenue reaching 17 million and indirect AI-enabled revenue at 62 million, accounting for 3.9% of total revenue [4] Revenue and Profitability - In 2024, the company achieved total revenue of 2.04 billion, a year-on-year decrease of 5.87%, with a narrowed net loss of 198 million [7] - For Q4 2024, revenue was 898 million, down 6.7% year-on-year, while net profit was 138 million, a decline of 21.38% [7] - The first quarter of 2025 saw revenue of 311 million, a year-on-year increase of 10.8%, with a narrowed net loss of 111 million [7] Business Segment Performance - The company's data security business saw new product contract amounts grow over 40%, with API security and network DLP products increasing by 200% and 150% respectively [8] - The domestic innovation business benefited from accelerated domestic substitution, with revenue increasing by 78% [8] - The MSS business, empowered by AI, achieved a revenue growth of 25% [8] Financial Forecast - Revenue projections for 2025-2027 are estimated at 2.15 billion, 2.27 billion, and 2.42 billion respectively, with net profit expected to recover to 47 million, 126 million, and 172 million [10]

Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Insights - The company is experiencing a structural breakthrough through strategic focus and technological innovation, with significant growth in data security, domestic innovation, and Managed Security Services (MSS) despite overall revenue pressure [2] - Cost reduction measures have led to a significant improvement in operational quality, with a 45.01% reduction in net loss year-on-year, and the company achieved positive operating cash flow for the first time since 2021 [3] - AI technology is being leveraged to enhance both product efficiency and management processes, contributing to a notable increase in revenue from AI-related products [4] Revenue Performance - In 2024, the company reported total revenue of 2.04 billion yuan, a year-on-year decrease of 5.87%, with a net loss of 198 million yuan [7] - For Q4 2024, revenue was 898 million yuan, down 6.7% year-on-year, while the net profit was 138 million yuan, a decline of 21.38% [7] - In Q1 2025, the company achieved revenue of 311 million yuan, a year-on-year increase of 10.8%, with a net loss of 111 million yuan [7] Business Segment Performance - The company's data security business saw new product contract amounts increase by over 40%, with specific products like API security and network DLP growing by 200% and 150% respectively [8] - The domestic innovation business benefited from accelerated domestic substitution, with revenue increasing by 78% [8] - The MSS business, empowered by AI, experienced a 25% revenue growth [8] Financial Forecast - The company is projected to achieve revenues of 2.15 billion, 2.27 billion, and 2.42 billion yuan for 2025, 2026, and 2027 respectively, with net profits expected to reach 47.25 million, 125.80 million, and 171.55 million yuan [10]

证券代码：688023 证券简称：安恒信息 公告编号：2025-037 杭州安恒信息技术股份有限公司 名称：杭州安恒信息技术股份有限公司 类型：其他股份有限公司（上市） 法定代表人：张小孟 注册资本：10,227.2396万元人民币 成立日期：2007-05-15 关于完成工商变更登记并换发营业执照的公告 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。 杭州安恒信息技术股份有限公司（以下简称"公司"）分别于2025年3月10日、2025年3月26日召开第三届 董事会第十次会议、2025年第二次临时股东大会，审议通过了《关于变更注册资本并修订〈公司章程〉 的议案》。具体情况详见公司于2025年3月11日在上海证券交易所网站（www.sse.com.cn）披露的《关 于变更注册资本并修订〈公司章程〉暨通知债权人的公告》。 近日，公司已完成工商变更登记和备案手续，并取得浙江省市场监督管理局换发的《营业执照》，登记 信息如下： 统一社会信用代码：913301086623011957 特此公告。 杭州安恒信息技术股份有限公司董事会 ...