Core Insights - On October 10, Kirin Trust fell by 4.82% with a trading volume of 145 million yuan, indicating a significant market reaction [1] - The company reported a net financing outflow of 11.88 million yuan on the same day, with a total financing and securities balance of 157 million yuan, which is 7.41% of its market capitalization [1] - Kirin Trust's main business revenue composition includes operating systems (62%), cloud computing (24.11%), and information security (12.01%) [1] Financing and Trading Activity - On October 10, Kirin Trust had a financing buy-in of 13.72 million yuan, while the financing repayment was 25.60 million yuan, resulting in a net financing buy-in of -11.88 million yuan [1] - The current financing balance of 157 million yuan is above the 90th percentile of the past year, indicating a high level of financing activity [1] - The short selling activity on the same day included a repayment of 1,482 shares and a sale of 200 shares, with a short selling balance of 11.63 thousand yuan, which is below the 30th percentile of the past year [1] Financial Performance - As of June 30, Kirin Trust had 7,859 shareholders, an increase of 3.27% from the previous period, with an average of 5,101 circulating shares per person, up by 25.01% [2] - For the first half of 2025, Kirin Trust reported a revenue of 94.06 million yuan, a year-on-year increase of 5.19%, while the net profit attributable to shareholders was -10.38 million yuan, reflecting a year-on-year increase of 28.61% in losses [2] Shareholder and Dividend Information - Since its A-share listing, Kirin Trust has distributed a total of 25.89 million yuan in dividends [3] - As of June 30, 2025, the top ten circulating shareholders included notable funds such as China Europe Science and Technology Innovation Theme Mixed Fund, which increased its holdings by 35,460 shares [3] - New shareholders include the Nuoan Innovation Driven Mixed Fund, which holds 388,400 shares, while some funds exited the top ten list [3]

Investment Rating - The report maintains a "Recommended" rating for the industry [4] Core Insights - The report highlights the significant impact of U.S. tariffs and export controls on Chinese products, particularly in the software and hardware sectors, emphasizing the need for domestic innovation and self-reliance [1] - The Chinese government is actively promoting domestic products through favorable procurement policies, including a 20% price deduction for local products in competitive bidding [1] - The report indicates that the domestic chip industry is gaining traction, particularly in the financial sector, with major projects like the Industrial and Commercial Bank of China's procurement of Huaguang chip servers valued at approximately 3 billion yuan [1] - The report notes a substantial increase in domestic server procurement by China Unicom, with 90.1% of the servers being domestically produced, reflecting a strong trend towards localization [2] - The report anticipates a turning point for the domestic innovation industry (Xinchang) driven by supportive policies and improving performance of listed companies in the sector [2][3] Summary by Sections - **Policy Support**: The government emphasizes high-level technological self-reliance as a key development focus, aiming to enhance core technology research and innovation capabilities [2] - **Market Performance**: Several listed companies in the Xinchang sector have shown improved performance compared to the previous year, indicating a positive outlook for the industry [3] - **Investment Recommendations**: The report suggests focusing on key players in the Xinchang sector, including China Software, Dameng Data, and others, as well as leaders in specific sub-sectors like industrial software and the Harmony OS ecosystem [3]

Group 1 - The State Council issued a notice on September 30, 2023, regarding the implementation of domestic product standards in government procurement, effective from January 1, 2026 [1] - The notice specifies that domestic products must be produced within China and meet a certain cost ratio for components produced domestically, with additional requirements for key components and processes [1] - A 20% price evaluation discount will be granted to domestic products compared to non-domestic products during government procurement activities, enhancing the price competitiveness of domestic products [1] Group 2 - Changjiang Securities noted that the 20% price evaluation discount acts as an "invisible subsidy," potentially altering the existing market competition landscape [1] - The introduction of domestic product standards is expected to improve the fairness and transparency of government procurement policies and promote the localization of supply chains in key industries [1] - Key sectors such as the domestic chip industry, domestic operating systems, and Huawei's supply chain are anticipated to benefit from this policy [1] Group 3 - China Software has a complete business chain covering operating systems, middleware, security products, and application systems across important sectors of the national economy [2] - Kirin Trust's operating system is based on the domestic openEuler community and has received recognition from national and industry authorities, ensuring compliance with government procurement standards [2]

证券日报网讯 9月30日晚间，麒麟信安发布公告称，公司及控股子公司麒麟信安（广东）科技有限公司 于近日收到政府补助款项合计1，570.96万元。 （文章来源：证券日报） ...

湖南麒麟信安科技股份有限公司（以下简称"公司"）及控股子公司麒麟信 安（广东）科技有限公司于近日收到政府补助款项合计 1,570.96 万元，属于与收 益相关的政府补助款项。 二、补助的类型及其对公司的影响 根据《企业会计准则第 16 号-政府补助》的有关规定，公司获得的上述政府 补助属于与收益相关的政府补助。上述政府补助未经审计，具体的会计处理及对 公司 2025 年度损益的影响，最终以审计机构年度审计确认后的结果为准，敬请 投资者注意投资风险。 特此公告。 湖南麒麟信安科技股份有限公司 董事会 2025 年 10 月 1 日 证券代码：688152 证券简称：麒麟信安 公告编号：2025-079 湖南麒麟信安科技股份有限公司 关于公司及子公司获得政府补助的公告 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、准确性和完整性承担法律责任。 一、获得补助的基本情况 ...

证券代码：688152 证券简称：麒麟信安 公告编号：2025-080 湖南麒麟信安科技股份有限公司 关于子公司开立募集资金专项账户并签订募集资金 专户存储四方监管协议的公告 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、准确性和完整性承担法律责任。 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意湖南麒麟信安科技股份有限公司首 次公开发行股票注册的批复》（证监许可〔2022〕2092 号），同意公司向社会 公开发行人民币普通股（A 股）1,321.1181 万股，发行价格为 68.89 元/股，募集 资金总额为人民币 910,118,259.09 元，扣除本次发行费用人民币 76,927,075.33 元 （不含税）后，实际募集资金净额为人民币 833,191,183.76 元。上述募集资金已 于 2022 年 10 月 20 日全部到位，天职国际会计师事务所（特殊普通合伙）对本 次发行募集资金到账情况进行了审验，并出具了天职业字〔2022〕41553 号《验 资报告》。 为规范募集资金管理，保护投资者权益，公司设立了募集资金专项账户。募 集 ...

Core Viewpoint - Hunan Qilin Xinan Technology Co., Ltd. and its subsidiary received a total of 15.7096 million yuan in government subsidies, which are related to revenue [1] Group 1 - The government subsidies received are classified as revenue-related according to the relevant accounting standards [1] - The subsidies have not been audited, and the specific accounting treatment and impact on the company's 2025 financial results will be confirmed by the annual audit [1] - The company has reminded investors to be aware of investment risks associated with these subsidies [1]

（文章来源：证券日报） 证券日报网讯 9月29日晚间，麒麟信安发布公告称，公司于2025年8月27日召开第二届董事会第二十四 次会议，审议通过了《关于取消监事会、变更注册资本暨修订并办理工商变更登记的议案》，同意公司 变更注册资本，同时根据现行法律法规、规范性文件等有关规定取消监事会以及对《公司章程》相关条 款进行修订并办理工商变更登记等相关事宜。近日，公司已完成上述工商变更登记以及变更后的《公司 章程》备案手续。公司已取得由湖南湘江新区管理委员会行政审批服务局颁发的最新《营业执照》。 ...

证券代码：688152 证券简称：麒麟信安 公告编号：2025-078 湖南麒麟信安科技股份有限公司 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、准确性和完整性承担法律责任。 湖南麒麟信安科技股份有限公司（以下简称"公司"）于 2025 年 8 月 27 日召 开第二届董事会第二十四次会议，审议通过了《关于取消监事会、变更注册资本 暨修订<公司章程>并办理工商变更登记的议案》，同意公司变更注册资本，同 时根据现行法律法规、规范性文件等有关规定取消监事会以及对《公司章程》相 关条款进行修订并办理工商变更登记等相关事宜。具体内容详见公司分别于 2025 年 8 月 29 日、2025 年 9 月 16 日在上海证券交易所网站（www.sse.com.cn） 披露的《湖南麒麟信安科技股份有限公司关于取消监事会、变更注册资本暨修订 <公司章程>并办理工商变更登记及修订、制定部分公司治理制度的公告》（公 告编号：2025-068）及《湖南麒麟信安科技股份有限公司 2025 年第三次临时股 东大会决议公告》（公告编号：20 ...

Core Viewpoint - The company has successfully conducted research and development adaptations of its operating system and cloud desktop products with products from Moore Threads, achieving significant progress in their collaboration [1] Group 1 - The combination solution based on the Haiguang domestic server platform and Moore Threads MTTS3000 graphics card has completed graphics card passthrough and virtualization slicing tests on the company's cloud platform [1] - The overall system operation is stable, and performance is reported to be good [1] - The company plans to continue deep adaptation and technical optimization work with Moore Threads products in the future [1]