Core Insights - The company reported a revenue of 737 million yuan for 2024, representing a year-on-year growth of 34.37%, but faced a net loss of 119 million yuan [1][2] - In Q1 2025, the company achieved a revenue of 308 million yuan, showing a significant year-on-year increase of 444.91%, but continued to incur losses [1][3] Financial Performance - For 2024, the company’s revenue growth was driven by significant increases in income from security gateways and security services, particularly from new AI security products [2] - The company’s operating cash flow turned positive at 157 million yuan in 2024, despite the net losses [1] - The increase in expenses, particularly in sales (up 122.45%), management (up 55.78%), and R&D (up 26.08%), contributed to the net loss [2] Business Development - The company is focusing on core technology innovation and has made strides in AI security solutions, with several products receiving industry recognition [4] - Strategic partnerships have been established to enhance capabilities in AI and security, including collaborations with major tech firms and participation in industry initiatives [4] Future Outlook - The company is expected to see continued improvement in performance due to the successful rollout of new business lines and enhanced operational efficiency [5] - Revenue forecasts for 2025-2027 have been adjusted upwards, with projected revenues of 814 million yuan, 922 million yuan, and 1.055 billion yuan respectively [5]

Investment Rating - The report maintains a rating of "Accumulate" for the company [2][5] Core Viewpoints - The company achieved a significant revenue increase of 34.37% in 2024, reaching 737 million yuan, primarily driven by rapid growth in its security gateway and security service revenues, as well as breakthroughs in new security AI products [4][5] - Despite the revenue growth, the company reported a net loss of 119 million yuan in 2024 due to substantial increases in operating expenses, including a 122.45% rise in sales expenses and a 55.78% rise in management expenses [4][5] - The first quarter of 2025 saw a remarkable revenue growth of 444.91%, amounting to 308 million yuan, indicating strong performance in new business deliveries [4][5] Financial Projections - The company’s revenue projections for 2025, 2026, and 2027 are 814 million yuan, 922 million yuan, and 1,055 million yuan respectively, reflecting a growth rate of 10.5%, 13.2%, and 14.4% [2][4] - The forecasted net profits for 2025, 2026, and 2027 are 4 million yuan, 27 million yuan, and 61 million yuan respectively, showing a significant recovery from the previous losses [2][4] - The report highlights a projected increase in earnings per share (EPS) from -1.54 yuan in 2024 to 0.05 yuan in 2025, and further to 0.79 yuan in 2027 [2][4] Market Position and Strategy - The company is transitioning from being an innovator in network security visualization technology to becoming a builder of a secure computing ecosystem in the AI era [4][5] - Strategic partnerships have been established with various organizations to enhance technological development and market expansion, including collaborations with Inspur Cloud and Jiangyuan Technology [4][5] - The company has received recognition for its innovative products, including awards for its next-generation AI firewall and its inclusion in the digital security capability landscape by the China Academy of Information and Communications Technology [4][5]

（文章来源：证券日报） 证券日报网讯 8月20日晚间，安博通发布公告称，公司董事会于近日收到公司董事会秘书但晨女士的书 面辞职报告，但晨女士因个人原因辞去公司董事会秘书职务，辞职后不再担任公司任何职务。 ...

Core Viewpoint - Anbo Tong Technology Co., Ltd. is a representative enterprise in the network security sector of the Sci-Tech Innovation Board, with 99.88% of its revenue in 2024 coming from network security, indicating a strong correlation between the company's performance and the industry's prosperity [1]. Company Overview - Anbo Tong announced the resignation of its board secretary, Dan Chen, effective August 20, 2024, due to personal reasons, with Chairman Zhong Zhu acting as the interim secretary [1]. - Dan Chen, born in 1987, has a master's degree from Monash University and has held various positions in investor relations and management before joining Anbo Tong in 2021 [3]. Financial Performance - In 2024, Anbo Tong reported a revenue of 737.53 million yuan, a year-on-year increase of 34.37%, but faced a net loss of 119 million yuan, contrasting with a profit of 11.78 million yuan in the previous year [7][8]. - The company's total assets increased by 10.23% year-on-year to approximately 1.78 billion yuan, while net assets decreased by 8.50% to about 1.12 billion yuan [8]. Executive Compensation - Dan Chen's compensation for 2024 was approximately 699,800 yuan, which is below the industry average of 738,800 yuan for similar positions [4]. Market Performance - Anbo Tong's stock price has surged approximately 100.38% year-to-date, reaching 78.35 yuan per share, with a total market capitalization of 6.02 billion yuan, doubling from around 3 billion yuan at the beginning of the year [5][7]. Industry Context - The network security industry is moving towards a trillion-yuan market supported by national policies, but it faces intense competition and long investment cycles [9]. - Anbo Tong is positioned in the "security + AI security" segment, leveraging its capabilities in computing power and large models to enhance revenue growth potential [9].

2024年1至12月份，安博通的营业收入构成为：网络安全占比99.88%，其他业务占比0.12%。 安博通（SH 688168，收盘价：78.35元）8月20日晚间发布公告称，北京安博通科技股份有限公司董事 会于近日收到公司董事会秘书但晨女士的书面辞职报告，但晨女士因个人原因辞去公司董事会秘书职 务，辞职后不再担任公司任何职务。 （文章来源：每日经济新闻） ...

证券代码：688168 证券简称：安博通 公告编号：2025-025 北京安博通科技股份有限公司 关于董事会秘书辞职暨董事长代行董事会秘书职 责的公告 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。 北京安博通科技股份有限公司（以下简称"公司"）董事会于近日收到公司 董事会秘书但晨女士的书面辞职报告，但晨女士因个人原因辞去公司董事会秘书 职务，辞职后不再担任公司任何职务。根据《中华人民共和国公司法》等法律法 规及《公司章程》的有关规定，但晨女士的辞职报告自送达公司董事会之日起生 效。 公司将按照《中华人民共和国公司法》《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》及《公司章程》等有关规定尽快完成董事会秘 书的选聘工作。在公司聘任新的董事会秘书前，暂由公司董事长钟竹先生代行董 事会秘书职责。 截至本公告披露日，但晨女士持有公司股份 19,000 股。但晨女士在任期间 恪尽职守、勤勉尽责，公司及公司董事会对但晨女士在任职期间为公司所作的工 作表示感谢。 公司联系方式如下： 联系地址：北京市海淀区西北旺东路 ...

安博通8月20日公告，公司董事会近日收到董事会秘书但晨的书面辞职报告，但晨因个人原因辞去公司 董事会秘书职务，辞职后不再担任公司任何职务。根据有关规定，但晨的辞职报告自送达公司董事会之 日起生效。在公司聘任新的董事会秘书前，暂由公司董事长钟竹代行董事会秘书职责。 ...

资金流向方面，今日主力资金净流出2644.29万元，占比成交额18.93%。其中，超大单净流出2273.49万 元、占成交额16.28%，大单净流出370.81万元、占成交额2.65%，中单净流出流入423.37万元、占成交 额3.03%，小单净流入2220.93万元、占成交额15.9%。 安博通最新一期业绩显示，截至2025一季报，公司营业总收入3.08亿元、同比增长444.91%，归属净利 润4868.25万元，同比减少38.81%，扣非净利润4868.85万元，同比减少35.97%，流动比率2.751、速动比 率2.571、资产负债率28.18%。 天眼查商业履历信息显示，北京安博通科技股份有限公司，成立于2007年，位于北京市，是一家以从事 科技推广和应用服务业为主的企业。企业注册资本7685.5124万人民币，实缴资本800万人民币。公司法 定代表人为钟竹。 通过天眼查大数据分析，北京安博通科技股份有限公司共对外投资了19家企业，参与招投标项目315 次，知识产权方面有商标信息48条，专利信息165条，此外企业还拥有行政许可3个。 来源：金融界 金融界消息 截至2025年8月14日收盘，安博通（68 ...

Core Viewpoint - Anbo Technology Co., Ltd. (安博通) has shown significant revenue growth in its latest quarterly report, but its net profit has decreased, indicating potential challenges in profitability despite strong sales growth [1]. Financial Performance - As of the first quarter of 2025, Anbo Technology reported total revenue of 308 million yuan, representing a year-on-year increase of 444.91% [1]. - The company's net profit attributable to shareholders was 48.68 million yuan, a decrease of 38.81% year-on-year [1]. - The non-recurring net profit was 48.69 million yuan, down 35.97% year-on-year [1]. - Key financial ratios include a current ratio of 2.75, a quick ratio of 2.57, and a debt-to-asset ratio of 28.18% [1]. Stock Performance - As of August 11, 2025, Anbo Technology's stock closed at 75.56 yuan, with an increase of 1.35% [1]. - The trading volume was 13,900 hands, with a transaction amount of 105 million yuan [1]. - The main capital flow showed a net outflow of 14.31 million yuan, accounting for 13.68% of the transaction amount [1]. Company Background - Anbo Technology was established in 2007 and is based in Beijing, primarily engaged in technology promotion and application services [2]. - The company has a registered capital of 76.85 million yuan and a paid-in capital of 8 million yuan [1]. - The legal representative of the company is Zhong Zhu [1]. Investment Activities - Anbo Technology has invested in 19 companies and participated in 313 bidding projects [2]. - The company holds 48 trademark registrations and 165 patent registrations, along with 3 administrative licenses [2].

Group 1 - The core viewpoint of the news is that Anbotong (688168) experienced a decline in stock price and significant net outflow of funds, despite a substantial increase in revenue [1] - As of August 5, 2025, Anbotong's stock closed at 76.0 yuan, down 1.88%, with a turnover rate of 2.15% and a trading volume of 16,600 hands, amounting to 126 million yuan [1] - The latest financial report for Anbotong shows total revenue of 308 million yuan for Q1 2025, a year-on-year increase of 444.91%, while net profit attributable to shareholders decreased by 38.81% to 48.68 million yuan [1] Group 2 - The company has a current ratio of 2.751, a quick ratio of 2.571, and a debt-to-asset ratio of 28.18% [1] - Anbotong has made investments in 19 companies and participated in 313 bidding projects, indicating active engagement in business development [2] - The company holds 48 trademark registrations and 165 patents, showcasing its focus on intellectual property [2]