证券代码：688225 证券简称：亚信安全 公告编号：2025-014 亚信安全科技股份有限公司 关于股东权益变动达到1%的提示性公告 本公司董事会、全体董事及相关股东保证本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。 重要内容提示： 本次权益变动为亚信安全科技股份有限公司（以下简称"公司"）股东南 京安融企业管理合伙企业（有限合伙）（以下简称"南京安融"）、南京安 宸企业管理合伙企业（有限合伙）（以下简称"南京安宸"）、广州亚信铭 安投资中心（有限合伙）（以下简称"广州铭安"）、广州亚信安宇投资中 心（有限合伙）（以下简称"广州安宇"）、天津亚信毅信技术咨询合伙企 业（有限合伙）（以下简称"天津毅信"）履行此前披露的减持股份计划 所致，不触及要约收购。 本次权益变动不会导致公司控股股东、实际控制人发生变化，不会对公 司治理结构及未来持续经营产生重大影响。 本次权益变动后，股东南京安融、南京安宸、广州铭安、广州安宇、天 津毅信及其一致行动人南京亚信乐信企业管理中心（有限合伙）（以下 简称"南京乐信"）、南京亚信君信企业管理中心（有限合伙）（以下简称 " ...

汉坤（证）字[2025]第 20138-7-O-1 号 关于 亚信安全科技股份有限公司 2025 年第一次临时股东大会 的 法律意见书 北京市汉坤律师事务所 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 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 2025 年第一次临时股东大会的法律意见书 汉坤（证）字[2025]第 20138-7-O-1 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 2025 年第一次 临时股东大会（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 ...

亚信安全科技股份有限公司 2025 年第一次临时股东大会决议公告 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： 证券代码：688225 证券简称：亚信安全 公告编号：2025-013 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 2 月 14 日 15：00 （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 | 156 | | --- | --- | | 普通股股东人数 | 156 | | 2、出席会议的股东所持有的表决权数量 | 300,549,163 | | 普通股股东所持有表决权数量 | 300,549,163 | | 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 | 77.7578 | | 例（%） | | | 普通股股东所持有表决权数量占 ...

更多资料加入知识星球:水木调研纪要 关注公众号:水木纪要 亚信安全 摘要 亚信安全推出新立方大模型,通过二次训练和微调,结合安全智能体技术, 上一次，在一次可以多个"毫"；一 力。 -x 调研 shuinus and and and and and and and and and the states of the states of the state of the stat 入工智能在网络安全领域带来了哪些新的机遇?_袁公司在 AI 业务上的布局是怎 样的？ a 77 我们亚金安全在去年(2024年)发布了整体的 AI 战略,提出了两个大方向。 首先是"AI for Security",即将安全大模型应用于网络安全场景。我们发布 了新立方大模型,基于通用大模型进行二次训练和微调,结合安全智能体技术, 打造专用于网络安全的模型。目前,新立方大模型已经迭代到三个版 ,并应 用于多款产品中。例如,在邮件安全产品中,我们利用新立方大模型识别钓鱼 n 报数据加V： shuinu9870 * * DeepSeek,根当守伏模型时代的安卓，它降低了应用厂商落地场景的门槛。我们 已集威 DeepSeek V3 和 R1 ...

亚信安全科技股份有限公司（以下简称"公司"） 拟于 2025 年 2 月 14 日 15 时召开 2025 年第一次临时股东大会，本次会议采用现场投票和网络投票相结 合的投票方式。具体内容详见公司于 2025 年 1 月 24 日在上海证券交易所网站（w ww.sse.com.cn）披露的《亚信安全科技股份有限公司关于召开 2025 年第一次临 时股东大会的通知》（公告编号：2025-010）。 为更好地服务广大中小投资者，确保有投票意愿的中小投资者能够及时参 会、及时投票，公司拟使用上证所信息网络有限公司（以下简称"上证信息"） 提供的股东大会网络投票提示服务，委托上证信息通过智能短信等形式，根据股 权登记日的股东名册主动提醒股东参会投票。投资者可在收到智能短信后，根据 提示信息（使用手册下载链接：https://vote.sseinfo.com/i/yjt_help.pdf） 直接参与投票，如遇拥堵等情况，仍可通过原有的交易系统投票平台和互联网投 票平台进行投票。 证券代码：688225 证券简称：亚信安全 公告编号：2025-012 亚信安全科技股份有限公司 关于股东大会开设网络投票提示服务的公告 本公 ...

证券代码：688225 证券简称：亚信安全 公告编号：2025-011 亚信安全科技股份有限公司 重要内容提示： 关于股东权益变动达到1%的提示性公告 本公司董事会、全体董事及相关股东保证本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。 本次权益变动为亚信安全科技股份有限公司（以下简称"公司"）股东南 京安融企业管理合伙企业（有限合伙）（以下简称"南京安融"）、南京安 宸企业管理合伙企业（有限合伙）（以下简称"南京安宸"）、广州亚信铭 安投资中心（有限合伙）（以下简称"广州铭安"）、广州亚信安宇投资中 心（有限合伙）（以下简称"广州安宇"）、天津亚信毅信技术咨询合伙企 业（有限合伙）（以下简称"天津毅信"）履行此前披露的减持股份计划 所致，不触及要约收购。 本次权益变动不会导致公司控股股东、实际控制人发生变化，不会对公 司治理结构及未来持续经营产生重大影响。 本次权益变动后，股东南京安融、南京安宸、广州铭安、广州安宇、天 津毅信及其一致行动人南京亚信乐信企业管理中心（有限合伙）（以下 简称"南京乐信"）、南京亚信君信企业管理中心（有限合伙）（以下简称 " ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [3][16] Core Views - The company is a leader in the identity and endpoint security sector, recognized as a top player in China's cybersecurity software market. The acquisition of AsiaInfo Technology is expected to create significant synergies and enhance its market position [3][4] - The company has adjusted its 2024 net profit forecast to 0.11 billion yuan (previously 0.15 billion yuan) while increasing the 2025-2026 net profit forecasts to 2.31 billion yuan and 2.98 billion yuan respectively [3][4] - The company is entering a new growth phase, with a projected revenue of 31.1 to 42.6 billion yuan for 2024, and a significant turnaround in profitability driven by the recovery of its cybersecurity business and the successful consolidation of AsiaInfo Technology [4][5] Financial Summary - The company reported a revenue of 1.721 billion yuan in 2022, which decreased to 1.608 billion yuan in 2023, but is expected to increase to 3.711 billion yuan in 2024, representing a year-on-year growth of 130.8% [7] - The net profit attributable to the parent company is forecasted to recover from a loss of 291 million yuan in 2023 to a profit of 11 million yuan in 2024, and further to 231 million yuan in 2025 [7][12] - The gross margin is projected to decline from 52.8% in 2022 to 45.3% in 2024, before slightly recovering to 42.2% in 2026 [7][12] Business Performance - The cybersecurity business is expected to see a revenue growth of approximately 14% to 19% year-on-year in 2024, with an increasing proportion of standardized product revenue and improved efficiency in solution-based services [5][6] - The integration of AsiaInfo Technology is anticipated to enhance operational capabilities and market opportunities, particularly in the telecommunications sector and AI applications [6][12]

Investment Rating - The investment rating for the company is "Outperform the Market" [5][3][12] Core Views - The company is expected to achieve a turnaround in net profit for 2024, with a forecasted net profit of approximately 8.5 to 12.75 million, driven by a growth in its core security business, which is projected to grow by 14% to 19% year-on-year [1][8] - The integration of Aisino Technology is anticipated to significantly enhance revenue and profit elasticity in 2025, with the company expected to benefit from its strong demand in manufacturing, finance, and energy sectors [2][3] - The company's core products, including next-generation endpoint security and cloud security, are expected to see substantial growth, contributing significantly to revenue [1][2] Financial Performance Summary - For 2024, the company is projected to achieve revenue between 3.11 billion and 4.26 billion, with a net profit turnaround to approximately 8.5 million to 12.75 million [1][8] - The revenue forecast for 2024-2026 has been adjusted to 3.698 billion, 10.258 billion, and 10.979 billion respectively, with net profit estimates of 0.11 billion, 2.24 billion, and 3.35 billion [3][12] - The company is expected to maintain a positive growth trend in 2024, with a significant increase in revenue and profit due to the merger and operational improvements [3][12] Key Financial Metrics - The projected operating revenue for 2024 is 3.698 billion, reflecting a 130% increase from 2023 [4] - The net profit for 2024 is expected to be 11 million, a significant recovery from a loss of 291 million in 2023 [4] - The company's PE ratio is projected to be 698 for 2024, decreasing to 34 and 23 for 2025 and 2026 respectively [3][4]

Investment Rating - The investment rating for the company is "Outperform the Market" [5][3][12] Core Views - The company is expected to achieve a turnaround in net profit for 2024, with a forecasted net profit of approximately 8.5 to 12.75 million, driven by a growth in its core security business, which is projected to grow by 14% to 19% year-on-year [1][8] - The company’s revenue for 2024 is estimated to be between 3.11 to 4.26 billion, with a significant increase in revenue growth in Q4, exceeding 20% [1][8] - The merger with AsiaInfo Technology is anticipated to enhance revenue and profit, with adjusted revenue forecasts for 2024-2026 significantly increased [3][12] Summary by Sections Financial Performance - The company’s revenue for 2024 is projected to be 3.698 billion, a 130% increase from 2023, while net profit is expected to be 11 million, marking a recovery from a loss of 291 million in 2023 [4][12] - The company’s gross margin is expected to improve due to a higher proportion of standardized product revenue and efficiency gains in solution-based services [1][2] Business Development - The company has successfully completed compatibility testing for its new generation endpoint security product with HarmonyOS NEXT, positioning itself as a key security partner [2] - The company has launched a self-developed secure browser in collaboration with ByteDance's Feishu, enhancing its product offerings in the trusted workspace segment [2] Market Position - The company’s core products, including next-generation endpoint security and cloud security, are experiencing rapid growth, contributing significantly to revenue [1][2] - The company is expected to gain market share in the endpoint security segment, particularly as the overall industry faces a downturn [1][2]

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][5] Core Views - The company is expected to achieve operating revenue of 3,474 million yuan in 2024, representing a year-on-year growth of 116% [2][3] - The company is projected to turn profitable in 2024 with a net profit attributable to shareholders of 12 million yuan, recovering from a loss of 291 million yuan in 2023 [2][3] - The company is focusing on enhancing its network security business, with expected revenue growth of 14-19% in this segment for 2024 [3] Summary by Sections Financial Performance - In 2022, the company reported operating revenue of 1,721 million yuan, which decreased to 1,608 million yuan in 2023, a decline of 7% [2] - The forecast for operating revenue is 10,377 million yuan in 2025 and 10,902 million yuan in 2026, indicating significant growth [2] - The net profit for 2024 is expected to be 12 million yuan, a substantial recovery from the -291 million yuan in 2023 [2][3] Profitability Metrics - The company's gross margin is projected to improve, with a forecast of 49.9% in 2024 and 50.0% in 2025 [4] - The net profit margin is expected to turn positive in 2024, reaching 6.8% [4] Valuation Ratios - The P/E ratio is forecasted to be 644.6 in 2024, decreasing to 37.9 in 2025 and further to 24.9 in 2026 [2][4] - The P/B ratio is expected to stabilize around 3.5 in 2025 and 3.2 in 2026 [2][4] Strategic Developments - The company completed a significant asset restructuring with AsiaInfo Technology in November 2024, which is expected to enhance its performance and create synergies [3] - The strategic focus on AI and data-driven technologies is anticipated to boost revenue contributions from core products and innovative business lines [3]