证券代码：688225 证券简称：亚信安全 公告编号：2025-044 亚信安全科技股份有限公司 第二届董事会第二十一次会议决议的公告 本公司董事会及董事会全体成员保证公告内容不存在虚假记载、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。 一、董事会会议召开情况 2025年6月27日，亚信安全科技股份有限公司（以下简称"公司"）第二届董 事会第二十一次会议以现场结合通讯方式召开，本次会议通知已于2025年6月25日 传达至公司全体董事。为尽快完成第二届董事会非独立董事的补选工作，全体董 事一致同意豁免本次董事会会议的提前通知期限。本次会议应到董事8人，实到董 事8人。本次会议的召集和召开程序符合《中华人民共和国公司法》和《亚信安全 科技股份有限公司章程》等相关规定，会议形成的决议合法、有效。 二、董事会会议审议情况 1、审议通过《关于补选非独立董事的议案》 公司副董事长陆光明先生因个人原因辞去公司第二届董事会董事、副董事长 及董事会战略委员会委员职务。辞任后，陆光明先生将不再担任公司任何职务。 为保证董事会的正常运作，完善公司治理结构，经第二届董事会提名委员会 审核通过，公司董 ...

亚信安全公告，公司董事陆光明因个人原因辞职，辞去副董事长及董事会战略委员会委员职务。公司提 名秦捷为非独立董事候选人，选举马红军为副董事长。调整后的董事会战略委员会成员包括何政、马红 军、黄海波、吴强、黄澄清和秦捷。 ...

Core Viewpoint - The legal opinion letter from Han Kun Law Offices confirms the legality and compliance of the 2024 annual general meeting of AsiaInfo Security Technology Co., Ltd. with relevant laws and regulations [1][2][10] Group 1: Meeting Procedures - The annual general meeting was convened based on a decision made during the 20th meeting of the second board of directors on May 30, 2025, and the notice was published on June 31, 2025 [2][3] - The meeting took place on June 23, 2025, at 14:00 in Beijing, combining both on-site and online voting methods [3][4] Group 2: Attendance and Voting - A total of 97 shareholders participated, representing 267,235,524 shares, which is 69.1389% of the total voting shares [4] - The voting results showed that 266,585,085 shares (99.7566%) were in favor, 617,299 shares (0.2309%) were against, and 33,140 shares (0.0125%) were abstained [5][10] Group 3: Legal Compliance - The procedures for convening and holding the meeting, as well as the qualifications of the convenor and attendees, were found to be in compliance with the Company Law and the company's articles of association [4][10] - The legal opinion concludes that the meeting's procedures and voting results are valid and comply with relevant laws and regulations [10]

证券代码：688225 证券简称：亚信安全 公告编号：2025-038 亚信安全科技股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 （一） 股东大会召开的时间：2025 年 06 月 23 日 （二） 股东大会召开的地点：北京经济技术开发区科谷一街 10 号院 11 号楼 12 层-1201&1202 会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 97 | | --- | --- | | 普通股股东人数 | 97 | | 2、出席会议的股东所持有的表决权数量 | 267,235,524 | | 普通股股东所持有表决权数量 | 267,235,524 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 69.1389 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 69.1389 ...

北京市汉坤律师事务所 关于 亚信安全科技股份有限公司 2024 年年度股东大会 的 法律意见书 中国北京市东长安街 1 号东方广场 C1 座 9 层 100738 电话：(86 10) 8525 5500；传真：(86 10) 8525 5511 / 8525 5522 北京 上海 深圳 海口 武汉 香港 新加坡 纽约 硅谷 www.hankunlaw.com 北京市汉坤律师事务所 法律意见书 北京市汉坤律师事务所 关于亚信安全科技股份有限公司 2024 年年度股东大会的法律意见书 汉坤（证）字[2025]第 20138-7-O-2 号 致：亚信安全科技股份有限公司 北京市汉坤律师事务所（以下简称"本所"）接受亚信安全科技股份有限公 司（以下简称"公司"或"亚信安全"）委托，指派本所律师对公司 2024 年年度股 东大会（以下简称"本次股东大会"）进行法律见证。根据《中华人民共和国公 司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券 法》"）等有关法律、法规和规范性文件以及《亚信安全科技股份有限公司章 程》（以下简称"《公司章程》"）的规定，本所律师对本次股东大会的召集、召 开程序 ...

Group 1: Target Price Increases - During the period from June 16 to June 22, a total of 76 target price increases were issued by brokerages, with notable increases for companies such as AsiaInfo Security, Zhongkong Technology, and Zhenyu Technology, showing target price increases of 74.14%, 70.49%, and 65.21% respectively, across the software development, automation equipment, and battery industries [1][2]. Group 2: Brokerage Recommendations - A total of 212 listed companies received brokerage recommendations during the same period, with Dongshan Precision receiving the highest number of recommendations at 7, followed by Wanda Film with 4, and Small Commodity City with 3 [3][4]. Group 3: Rating Adjustments - Brokerages raised ratings for 9 companies, including Jin Feng Technology, which was upgraded from "Hold" to "Buy" by Tianfeng Securities, and Bertley, which was upgraded from "Hold" to "Buy" by Guojin Securities [4][5]. - Conversely, 3 companies had their ratings lowered, including Lianying Laser, which was downgraded from "Buy" to "Hold" by Dongwu Securities [6][7]. Group 4: First Coverage - A total of 94 instances of first coverage were reported, with Jin Feng Technology receiving a "Buy" rating from Tianfeng Securities, and Tian Shili receiving a "Buy" rating from Dongwu Securities [6][7].

Investment Rating - The report maintains an "Outperform" rating for the company with a target price of 33.40 RMB [1][6][10] Core Insights - The integration of digital intelligence business significantly enhances the company's profitability, with projected revenues for 2025-2027 at 8.91 billion, 9.69 billion, and 10.69 billion RMB, reflecting year-on-year growth of 147.73%, 8.83%, and 10.26% respectively [6][10] - The net profit attributable to shareholders is expected to reach 170 million, 238 million, and 292 million RMB for the same period, showing substantial growth of 1669.83%, 40.08%, and 22.67% [6][10] - The company's cash generation ability is rapidly recovering due to the expansion of standardized products in cybersecurity, cost control measures, and the merger with AsiaInfo Technologies [3][10] Financial Summary - In 2024, the company achieved a revenue of 3.60 billion RMB, a year-on-year increase of 123.56% [6][10] - The gross profit margin in 2024 was 51.61%, up 3.79 percentage points, primarily due to the increased revenue share from standardized products in cybersecurity [6][10] - The net profit attributable to shareholders in 2024 was 9.59 million RMB, with the cybersecurity segment reporting a loss of 90.68 million RMB, while the digital intelligence segment turned profitable at 100 million RMB [6][10] Product and Market Insights - The company's standardized product revenue grew by 7.4% year-on-year, accounting for 47.3% of the cybersecurity revenue, with a gross margin of 61.35%, an increase of 13.53 percentage points [3][10] - The HarmonyOS is expected to positively impact the company's terminal security business, which is a core product line, enhancing growth in both existing and new markets [6][10]

Industry Rating - The industry rating is maintained at "Outperform" [1] Core Insights - The report suggests that the years 2025-2026 are expected to mark the commercialization of AI Agents, driven by advancements in large model capabilities and the introduction of key players like OpenAI, Anthropic, Microsoft, and Google [2][3] - The total addressable market (TAM) for AI Agents is estimated at approximately 3.61 trillion yuan, with significant opportunities in vertical industries such as IT and finance [2][3] - AI Agents are projected to replace specific standardized roles in various sectors, with a focus on enhancing productivity and ROI for businesses [3][48] Summary by Sections Investment Rating - The report maintains a rating of "Outperform" for the industry [1] Market Potential - The total addressable market (TAM) for AI Agents is estimated at 3.61 trillion yuan, calculated based on total salary levels, replacement rates, and efficiency optimization [50][54] - The report highlights six core scenarios where AI Agents are expected to penetrate first, including coding, banking, human resources, legal, cybersecurity, and customer service [61][62] Key Industry Insights - AI Agents are anticipated to significantly impact the banking sector, with 54% of jobs having a high potential for automation, leading to an estimated TAM of 1774.32 billion yuan in this field [71][77] - In the coding sector, AI is expected to automate up to 99% of coding tasks by the end of 2025, with a TAM of approximately 4357.84 billion yuan [63][68] - The report emphasizes that AI Agents will first replace roles in high-salary, white-collar industries such as finance, IT, and law, where the ROI for AI implementation is more favorable [55][57] Company Recommendations - The report suggests monitoring companies involved in general office applications and enterprise SaaS, as well as those in vertical markets like banking, human resources, and cybersecurity [3][4]

Core Viewpoint - The announcement by the Wuhan Municipal Cyberspace Administration recognizes AsiaInfo Security as a key network security support unit, highlighting its strong product technology and extensive service experience [1][3] Group 1: Selection Process - The selection process involved self-application, preliminary review, expert evaluation, and approval, with AsiaInfo Security standing out among numerous candidates [3] Group 2: Company Capabilities - AsiaInfo Security has actively participated in security assurance and public awareness activities, aiming to enhance the city's capabilities in network security technology detection and emergency response [3] - The company maintains a leading position in technology and has developed a comprehensive and personalized security service system, covering critical areas such as vulnerability detection, security assessment, threat analysis, and attack tracing [3] Group 3: Future Commitments - The recognition as a "Wuhan Network Security Support Unit" imposes new responsibilities on AsiaInfo Security, which will collaborate with relevant authorities to establish a robust emergency response organization and mechanism for public internet security incidents [3] - The company plans to continue improving its products, enhancing technological innovation, and conducting standardized emergency services to better respond to significant network security events [3]

Group 1 - The C3 Security Conference 2025 was held in Nanjing, China, gathering over 2,000 participants from government, research institutions, industry associations, and leading enterprises to discuss the evolution of security in the AI era [1][3] - The conference featured a main forum, five technical and industry sub-forums, and a special event called "C3 Technology Night," along with a digital exhibition area showcasing innovative technological achievements [1][3] - In 2024, China is expected to account for 61.5% of the 45,000 newly disclosed generative AI patents globally, highlighting its significant role in AI innovation [3] Group 2 - Experts from various organizations, including HydroX AI and Aisino Security, discussed challenges in AI technology implementation, the evolution of cybersecurity threats, and upgrades to defense systems [3] - Aisino Security launched several new products, including an AI XDR system and a comprehensive security solution for the digital economy, in collaboration with partners like China Unicom and HydroX AI [5] - Nanjing has been recognized as "China's Software City" since 2010 and is actively developing its software and information service industry, aiming to create a trillion-level industry cluster focused on AI development and security [5]