湖南麒麟信安科技股份有限公司 2025 年第三季度报告 证券代码：688152 证券简称：麒麟信安 湖南麒麟信安科技股份有限公司 2025 年第三季度报告 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。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 64,956,620.09 | 7.33 | 159, ...

Core Insights - Q3 2025 report indicates that the company achieved a revenue of 159 million yuan, reflecting a year-on-year growth of 6.06% [1] - The net loss attributable to shareholders of the listed company amounted to 18.4251 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 47.1384 million yuan [1] - Basic loss per share was reported at 0.18 yuan [1]

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 10 月 20 日 召开第二届董事会第二十五次会议，审议通过了《关于使用暂时闲置募集资金进 行现金管理的议案》，同意使用额度不超过人民币 4.8 亿元（含本数）的暂时闲 置募集资金，在确保不影响募集资金投资项目进度、不影响公司正常生产经营及 确保资金安全的情况下进行现金管理，使用期限自公司董事会审议通过之日起 12 个月内有效，如单笔交易的存续期超过了授权期限，则授权期限自动顺延至 单笔交易终止时止。在上述额度及有效期内，资金可循环滚动使用。董事会授权 董事长或董事长授权人员在上述授权额度及期限内，根据实际情况办理相关事项 并签署相关文件，具体事项由公司财务部负责组织实施。审计委员会对本事项发 表了明确同意的意见，保荐机构中泰证券股份有限公司对本事项出具了明确的核 查意见。具体情况如下： 一、募集资金基本情况 经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【2 ...

Core Viewpoint - The company has announced the decision to utilize up to 480 million yuan of temporarily idle raised funds for cash management, aiming to enhance the efficiency of fund usage and increase company revenue [1] Group 1 - The investment will focus on products with high safety, good liquidity, and capital preservation commitments [1] - The management period for these investments is effective within 12 months, allowing for rolling use of funds within the specified limit [1] - This initiative is taken without affecting the progress of fundraising investment projects and the normal production and operation of the company [1]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The report emphasizes the continuous recommendation of domestic investment opportunities due to increasing external technology controls and the ongoing promotion of domestic innovation policies, indicating a clear trend towards self-sufficiency in key technologies [6][13] - The performance of leading domestic computing companies is showing significant revenue growth, validating the trend of domestic industrial development [7][14] Summary by Sections Weekly Perspective - The report highlights the sustained recommendation of domestic investment opportunities, noting a decline in the CSI 300 index by 2.22% and a 5.61% drop in the computer index during the week of October 13-17, 2025 [5][12] Company Dynamics - Haiguang Information reported a revenue of 40.26 billion yuan for Q3 2025, marking a year-on-year growth of 69.60% and a net profit of 759.99 million yuan, up 13.04% [16] - Cambricon Technologies achieved a revenue of 1.727 billion yuan in Q3 2025, with a staggering year-on-year increase of 1332.52%, and a net profit of 567 million yuan, indicating a strong turnaround [14] Investment Recommendations - Key domestic software companies recommended include Kingsoft Office, Dameng Data, and others, while leading domestic computing companies such as Haiguang Information and Sugon are also highlighted for their growth potential [8][15]

Group 1 - The core point of the news is that Qilin Xin'an's stock price has dropped by 5.28%, currently trading at 53.13 CNY per share, with a total market capitalization of 5.424 billion CNY [1] - Qilin Xin'an, established on April 2, 2015, focuses on operating system product development and technology services, with its main revenue sources being operating systems (62.00%), cloud computing (24.11%), and information security (12.01%) [1] - The trading volume for Qilin Xin'an reached 98.645 million CNY, with a turnover rate of 4.56% [1] Group 2 - Tianzhi Fund has one fund heavily invested in Qilin Xin'an, specifically the Tianzhi China Manufacturing 2025 Mixed Fund, which held 4,273 shares, accounting for 1.48% of the fund's net value [2] - The Tianzhi China Manufacturing 2025 Mixed Fund was established on May 8, 2008, with a current scale of 13.5054 million CNY and has achieved a year-to-date return of 10.04% [2] - The fund's performance over the past year has yielded a return of 20.58%, ranking 4,461 out of 8,021 in its category [2]

Core Points - The stock price of Kirin Trust fell by 5.28% to 53.13 CNY per share, with a trading volume of approximately 98.9 million CNY and a turnover rate of 4.58%, resulting in a total market capitalization of 5.424 billion CNY [1] Company Overview - Kirin Trust, established on April 2, 2015, is located in Changsha High-tech Development Zone, Hunan Province. The company was listed on October 28, 2022. Its main business involves the research and development of operating system products and technical services, focusing on information security and cloud computing as core technological innovations [1] - The revenue composition of Kirin Trust is as follows: operating systems account for 62.00%, cloud computing 24.11%, information security 12.01%, other services 0.97%, and technical development services 0.90% [1] Shareholder Information - Among the top ten circulating shareholders of Kirin Trust, one fund from Nuoan Fund, Nuoan Innovation-Driven Mixed A (001411), entered the top ten in the second quarter, holding 388,400 shares, which represents 0.97% of the circulating shares. The estimated floating loss today is approximately 1.1497 million CNY [2] - Nuoan Innovation-Driven Mixed A (001411) was established on June 18, 2015, with a latest scale of 213 million CNY. Year-to-date returns are 28.08%, ranking 3131 out of 8160 in its category; the one-year return is 36.92%, ranking 2344 out of 8021; and since inception, the return is 50.9% [2]

Group 1 - The core viewpoint of the news is that 麒麟信安 (Kylin Technology) has seen a stock price increase of 5.89%, reaching 57.39 CNY per share, with a total market capitalization of 5.858 billion CNY [1] - The company, established on April 2, 2015, specializes in operating system product development and technical services, with its main revenue sources being operating systems (62.00%), cloud computing (24.11%), and information security (12.01%) [1] - The company is located in Changsha High-tech Development Zone, Hunan Province, and was listed on October 28, 2022 [1] Group 2 - Among the top ten circulating shareholders of 麒麟信安, 诺安创新驱动混合A (Noah Innovation-Driven Mixed A) fund has entered the list, holding 388,400 shares, which is 0.97% of the circulating shares [2] - The fund has achieved a year-to-date return of 29.89% and a one-year return of 35.14%, ranking 2566 out of 8161 and 1874 out of 8015 in its category, respectively [2] - The fund manager, 左少逸 (Zuo Shaoyi), has a total fund asset size of 550 million CNY and has delivered a best return of 38.07% during his tenure [3]

Core Viewpoint - The U.S. government, led by President Trump, announced a 100% tariff on all Chinese goods starting November 1, along with export controls on key software, which will accelerate the domestic software replacement process in China [2][3]. Group 1: U.S. Trade Measures - The U.S. will impose a 100% additional tariff on all Chinese imports and export controls on key software starting November 1 [2]. - The U.S. measures are seen as a strategic move to pressure China ahead of the APEC summit, with potential implications for negotiations [2][3]. Group 2: China's Response and Industry Impact - China's Ministry of Commerce has implemented export controls on various technologies, including chip production equipment and lithium batteries, which are crucial for modern industries [2][3]. - China is expected to dominate the rare earth industry by 2025, holding 49% of global reserves and 69% of production, making it a critical resource for the U.S. [2][3]. Group 3: Domestic Software Development - The export controls on key software will accelerate the domestic replacement process in China, particularly in the fields of EDA, CAD, CAE, MES, and PLM [3][4]. - The shift towards domestic software is seen as essential due to China's heavy reliance on imported industrial software [3][4]. Group 4: Industrial Digital Transformation - The announcement of using WPS format in government documents marks a significant milestone for domestic software, indicating a breakthrough in the software replacement strategy [4]. - "Lighthouse factories," which utilize advanced technologies for efficiency, are expected to be prioritized in national strategic development plans, driving demand for industrial software [4]. Group 5: Investment Opportunities - Companies in the EDA, industrial software, operating systems, databases, network security, and industry IT sectors are highlighted as potential investment opportunities due to the ongoing shift towards domestic solutions [4]. - Specific companies to watch include: - EDA: Huada Jiutian, Guangliwei, Gai Lun Electronics [4] - Industrial Software: Dingjie Zhizhi, Nengke Technology, Suochen Technology, Zhongwang Software, Zhongkong Technology [4] - Operating Systems: China Software, Ruantong Power, Runhe Software, Chengmai Technology [4] - Databases: Dameng Data, Taiji Co. [4] - Network Security: Deepin Technology, Qilin Security, Sanwei Security, Guotou Intelligent, Qimingxing Chen [4] - Industry IT: Keda Xunfei, Hehe Information, Hengsheng Electronics, Kingsoft Office, Foxit Software, Tuolisi, Tax Friend Shares, Caixun Shares, Dingdian Software, Jiuyuan Yinhai, Jiahe Meikang, Guanglian Da, Kingdee International, Yonyou Network, Fanwei Network, Yuxin Technology, Newland [4].

Core Insights - Wisdom Eye has signed a strategic cooperation agreement with Kirin Trust Security to develop an "AI + operating system" joint solution focusing on key areas such as healthcare, social security, and human resources [1][2] Group 1: Strategic Partnership - The partnership aims to leverage both companies' expertise in AI and operating systems to create innovative and secure solutions for the "Healthy China" strategy and the development of the domestic innovation industry [1] - The collaboration will focus on three dimensions: deep technology integration, precise scene breakthroughs, and ecological synergy for mutual benefits [1] Group 2: Technical Integration - Wisdom Eye's AI technologies, including the "Bianshi" model, intelligent supervision of medical insurance funds, smart diagnosis, health management, and privacy computing, will be integrated with Kirin Trust Security's operating systems and cloud platforms [1] - Kirin Trust Security will provide technical support and security enhancements based on domestic CPU environments to ensure optimal performance and data security for Wisdom Eye's AI applications [1] Group 3: Market and Ecological Development - The partnership will address core pain points in the healthcare sector by creating integrated hardware and software solutions, focusing on smart medical insurance, smart healthcare, and chronic disease prevention [2] - Both companies will collaborate in various sectors, including healthcare, social security, and finance, to enhance brand influence through mutual recommendations and joint efforts [2] - They will also participate in the formulation of technical standards and safety regulations in the integration of healthcare AI and basic software, aiming to build a prosperous industrial ecosystem [2]