Revenue and Profitability - Company achieved significant revenue growth in Q1 2025, with total revenue reaching 308 million yuan, a year-on-year increase of 444.91% [1] - However, net profit attributable to shareholders was -48.68 million yuan, a year-on-year decline of 38.81%, indicating that despite strong revenue performance, profitability has not improved [1] - The gross margin was 92.06%, up 46.15% year-on-year, showing enhanced profitability in core operations, but the net margin remained at -17.7%, despite a 73.04% year-on-year increase, indicating ongoing challenges in cost control [2] Cost Control - Total selling, administrative, and financial expenses amounted to 306 million yuan, accounting for 99.18% of revenue, with a year-on-year increase of 25.93%, negatively impacting profitability and highlighting the need for better cost structure optimization [3] Cash Flow Situation - Operating cash flow per share was -2.94 yuan, a year-on-year decrease of 152.75%, indicating poor cash flow performance [4] - Cash and cash equivalents stood at 203 million yuan, down 23.20% year-on-year, while accounts receivable decreased by 17.25% to 464 million yuan, suggesting liquidity risks that require close monitoring [4] Asset and Liability Management - Interest-bearing debt was 295 million yuan, a year-on-year decrease of 9.28%, while net asset value per share was 14.06 yuan, down 10.12% year-on-year, indicating a need for improved asset-liability management [5] Business Model and Financing - Company’s performance is primarily driven by equity financing, with a total financing amount of 863 million yuan and total dividends of 52.47 million yuan, resulting in a dividend-to-financing ratio of 0.06, necessitating careful evaluation of the sustainability of this reliance on equity financing [6] Overall Summary - In summary, while the company achieved substantial revenue growth in Q1 2025, losses have also widened, and there are significant pressures on cash flow and cost control. The company needs to optimize its cost structure, enhance profitability, and strengthen cash flow management to ensure sustainable development [7]

Core Viewpoint - Anbotong (688168) reported significant revenue growth in 2024, achieving 737 million yuan, a 34.4% increase year-on-year, but faced substantial net profit losses, raising concerns about its profitability [1][4]. Revenue Growth - The company achieved a revenue of 737 million yuan in 2024, reflecting a strong growth momentum in the cybersecurity sector [4]. - This growth was primarily driven by technological breakthroughs in cybersecurity, data security, and AI security, along with active expansion in overseas markets [4]. - Anbotong International, a wholly-owned subsidiary, successfully initiated procurement and sales of information and communication infrastructure module products in Hong Kong, establishing a new performance growth point [4]. Profitability Challenges - Despite the revenue increase, the net profit attributable to shareholders was -119 million yuan, a decline of 1107.0% year-on-year, while the non-recurring net profit was -122 million yuan, down 2297.9% [1][4]. - The significant losses were attributed to substantial investments in R&D and market expansion, which pressured short-term profits [4]. - Increased provisions for credit impairment losses due to cautious assessments of accounts receivable further exacerbated the decline in net profit [4]. AI Security Strategy - Anbotong has redefined its strategic goals for 2024, aiming to become a builder of a secure computing power ecosystem in the AI era [5]. - The company emphasizes a methodology of "anchoring security, using computing power as a vessel, and AI as a sail," focusing on integrating computing power with security capabilities [5]. - In the intelligent computing field, the company is advancing the localization of computing power centers and has launched a desktop liquid-cooled DeepSeek integrated machine to address noise and layout issues of traditional rack-mounted equipment [5]. Overseas Market Expansion - Anbotong actively expanded into overseas markets in 2024, achieving initial success in the Hong Kong region with its information and communication infrastructure module products [6]. - This expansion not only diversified the company's product matrix but also became a new growth point for performance [6]. - The company plans to increase investment in module product projects and broaden its supply network to meet diverse customer needs [6]. - However, the overseas expansion carries risks, including intense international competition and the need for significant resources in product development, marketing, and customer service [6].

Group 1 - The company is seeking shareholder approval to authorize the board to issue shares through a simplified process to specific investors, with a total financing amount not exceeding RMB 300 million, which is 20% of the net assets at the end of the previous year [1][6] - The shares to be issued are domestic listed ordinary shares (A-shares) with a par value of RMB 1.00 per share, and the number of shares issued will not exceed 30% of the total share capital before the issuance [1][6] - The issuance will be conducted through a non-public offering to no more than 35 specific investors, including qualified institutional investors and other legal entities or individuals [1][2] Group 2 - The pricing of the shares will be based on an inquiry method, with the issue price not lower than 80% of the average trading price over the 20 trading days prior to the pricing date [3][5] - The shares issued will have a lock-up period of six months, extendable to eighteen months for certain investors, and any derived shares from stock dividends or capital increases will also be subject to the same lock-up arrangements [5][6] Group 3 - The funds raised will be used for projects related to the company's main business and to supplement working capital, with a focus on technology innovation and compliance with national industrial policies [6][54] - The company plans to invest in new AI and security products, aiming to enhance operational efficiency and market competitiveness while ensuring investor returns [52][54] Group 4 - The company reported a revenue of RMB 737 million for 2024, representing a year-on-year growth of 34.37%, driven by new AI security products and increased revenue from security gateways and services [52][54] - The company has been recognized in the top 100 cybersecurity companies, ranking 20th in 2024, reflecting its strong development capabilities [53][54] Group 5 - The company has implemented multiple stock incentive plans and profit distribution schemes to enhance investor confidence and align management interests with those of shareholders [60][61] - The company aims to maintain a balance between immediate and long-term shareholder interests, ensuring reasonable profit distribution and enhancing its reputation in the market [62][65]

Core Viewpoint - The company, Beijing Anbotong Technology Co., Ltd., has announced its 2025 action plan aimed at enhancing quality and efficiency while returning value to shareholders, building on the success of its 2024 initiatives and focusing on AI and security integration for sustainable growth [6][20]. Financial Performance - In 2024, the company achieved a revenue of 737 million yuan, representing a year-on-year growth of 34.37%, driven by new AI security products and increased income from security gateways and services [6]. - For the first quarter of 2025, the company reported a revenue of 57 million yuan, an increase of 8.99% compared to the same period last year [6]. - The company’s revenue for the second quarter of 2025 reached 135 million yuan, up 41.45% year-on-year [6]. - The third quarter saw a revenue of 106 million yuan, a decrease of 17.27% year-on-year, while the fourth quarter revenue surged to 439 million yuan, marking a 61.00% increase [6]. Strategic Development - The company is transitioning from being an innovator in network security visualization technology to becoming a builder of AI-era security computing ecosystems, with a focus on integrating AI capabilities into security solutions [7][10]. - In 2024, the company was ranked 20th in the "Top 100 Cybersecurity Companies," reflecting its strong market position and growth potential [7]. - The company plans to continue investing in cutting-edge technology research and development, with R&D expenditures accounting for 21.68% of revenue in 2024 [7]. Cash Management Plan - The company intends to use up to 300 million yuan of temporarily idle self-owned funds for cash management, aiming to enhance fund utilization efficiency and increase shareholder returns [23][24]. - The cash management products will be low to medium risk, with a maximum investment period of 12 months, ensuring liquidity and safety [23][28]. - The decision for cash management was approved by the company's board and will be implemented by the finance department [29][35]. Governance and Investor Relations - The company emphasizes improving its internal governance structure and has conducted multiple board meetings to enhance operational efficiency and transparency [18]. - In 2024, the company engaged in various investor relations activities, including responding to investor inquiries and participating in performance briefings [16][17]. - The company is committed to maintaining a balance between shareholder returns and long-term growth, with plans for a three-year dividend return strategy [15][20].

安博通发布2024年年报， 营业收入7.37亿元，同比增长34.37%；归属于母公司所有者的净亏损1.19亿 元，同比由盈转亏（上年同期盈利1178.38万元）。公司表示，业绩变动的主要原因是，创新业务驱动 营收增长：安全人工智能业务，即智算基础设施业务+ AI安全快速放量。安博通重新锚定2025年战略 新坐标——成为AI时代安全算力生态的构建者。子公司安博通数字能源、上海安博通算力科技贡献千 万级增量。不过减值计提拖累利润，盈利短期受到承压。此外，公司研发投入持续加码，产品体系继续 扩容，年内蝉联"中国 网安产业竞争力50强"及" 专精特新小巨人"称号。 ...

本人杨权，作为北京安博通科技股份有限公司（以下简称"安博通"或"公 司"）独立董事，在 2024 年度任期内（2024 年 1 月-2024 年 12 月），按照《公司 法》《证券法》《上市公司独立董事管理办法》《上海证券交易所科创板股票上市 规则》等有关法律法规的规范要求，以及《公司章程》《独立董事工作制度》等 规定，利用各自专业背景忠实履行独立董事职责，重点关注公司发展战略的实施； 重要经营指标的稳健和财务报表的真实性、准确性；为促进公司规范运作、健康 发展，发挥了独立董事应有的作用，维护了公司及全体股东尤其是中小股东的利 益。现就 2024 年度工作情况作如下报告： 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 北京安博通科技股份有限公司 2024 年度独立董事述职报告 杨权，男，中国国籍，无境外永久居留权，毕业于中国政法大学商学院工商 管理专业，第二学士学位。2007 年 11 月至 2015 年 1 月任北京市国枫律师事务 所律师初级合伙人；2015 年 1 月至 2016 年 5 月任北京道淳律师事务所合伙人； 2016 年 5 月至今任北京市大地律师事务所高级合伙人、管委会委 ...

北京安博通科技股份有限公司 2024 年度独立董事述职报告 本人杨骅，作为北京安博通科技股份有限公司（以下简称"安博通"或"公 司"）独立董事，在 2024 年度任期内（2024 年 1 月-2024 年 12 月），按照《公司 法》《证券法》《上市公司独立董事管理办法》《上海证券交易所科创板股票上市 规则》等有关法律法规的规范要求，以及《公司章程》《独立董事工作制度》等 规定，利用各自专业背景忠实履行独立董事职责，重点关注公司发展战略的实施； 重要经营指标的稳健和财务报表的真实性、准确性；为促进公司规范运作、健康 发展，发挥了独立董事应有的作用，维护了公司及全体股东尤其是中小股东的利 益。现就 2024 年度工作情况作如下报告： 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 杨骅，男，中国国籍，无境外永久居留权，毕业于福特翰姆大学工商管理专 业，硕士学位。1983 年 1 月至 1999 年 8 月任空军某部工程师；1999 年 8 月至 2006 年 12 月任电信科学技术研究院高级工程师；2007 年 1 月至今任 TD 产业 联盟（北京电信技术发展产业协会）秘书长、会长；2021 ...

北京安博通科技股份有限公司 2024 年度独立董事述职报告 本人张富根，作为北京安博通科技股份有限公司（以下简称"安博通"或"公 司"）独立董事，在 2024 年度任期内，按照《公司法》《证券法》《上市公司独立 董事管理办法》《上海证券交易所科创板股票上市规则》等有关法律法规的规范 要求，以及《公司章程》《独立董事工作制度》等规定，利用各自专业背景忠实 履行独立董事职责，重点关注公司发展战略的实施；重要经营指标的稳健和财务 报表的真实性、准确性；为促进公司规范运作、健康发展，发挥了独立董事应有 的作用，维护了公司及全体股东尤其是中小股东的利益。现就 2024 年度工作情 况作如下报告： 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 | | | | | 参加董事会情况 | | | 参加股东大会 情况 | | --- | --- | --- | --- | --- | --- | --- | --- | | 董事姓 | 应参加 | | 以通讯 | | | | | | 名 | | 亲自出 | | 委托出 | 缺席 | 是否连续两次未 | 出席股东大会 | | | 董事会 | | 方式参 | | ...

北京安博通科技股份有限公司 章 程 二〇二五年 五月 | 第一章 | 总则 | | 3 | | --- | --- | --- | --- | | 第二章 | 经营宗旨和范围 | | 4 | | 第三章 | 股份 | | 4 | | 第四章 | 股东和股东大会 | | 7 | | 第五章 | 董事会 | 24 | | | 第六章 | 总经理及其他高级管理人员 | | 39 | | 第七章 | 监事会 | 42 | | | 第八章 | 财务会计制度、利润分配和审计 | 44 | | | 第二节 | 内部审计 | | 49 | | 第三节 | 会计师事务所的聘任 | | 49 | | --- | --- | --- | --- | | 第九章 | | 通知与公告 49 | | | 第一节 | | 通知 49 | | | 第二节 | | 公告 50 | | | 第十章 | | 合并、分立、增资、减资、解散和清算 | 50 | | 第一节 | | 合并、分立、增资和减资 | 50 | | 第二节 | | 解散和清算 | 51 | | 第十一章 | | 修改章程 53 | | | 第十二章 | | 附则 54 | | ...

证券代码：688168 证券简称：安博通 公告编号：2025-015 北京安博通科技股份有限公司 关于变更注册资本及修订《公司章程》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。 2025 年 4 月 29 日，北京安博通科技股份有限公司（以下简称"公司"）召 开了第三届董事会第十五次会议，以 9 票同意、0 票反对、0 票弃权的表决结果 审议通过了《关于修订<北京安博通科技股份有限公司章程>的议案》，上述议案 尚需提交公司 2024 年度股东大会批准。具体如下： 鉴于公司 2023 年限制性股票激励计划第二类激励对象第一个归属期归属条 件成就，实际完成归属登记共计 341,216 股，该部分股票均为普通股，于 2024 年 11 月 26 日上市流通，公司股份总数变更为 76,855,124 股。本次归属增加股本 人民币 341,216.00 元，公司变更后的注册资本人民币为 76,855,124.00 元，累计 实收股本人民币 76,855,124.00 元。现根据实际情况对《北京安博通科技股份有 限公司章程》 ...