转自：前瞻产业研究院 以下数据及分析来自于前瞻产业研究院计算机仿真研究小组发布的《中国计算机仿真行业发展前景与投 资预测分析报告》 行业主要上市公司：华力创通(300045.SZ)、霍莱沃(688682.SH)、华如科技(301302.SZ)、坤恒顺维 (688283.SH)、视觉中国(000681.SZ)、康拓红外(300455.SZ)、捷安高科(300845.SZ)、永信至诚 (688244.SH)、经纬恒润(688326.SH)等。 本文核心数据：计算机仿真企业竞争格局，计算机仿真市场集中度 1、中国计算机仿真行业竞争梯队 从我国计算机仿真行业企业竞争格局来看，处于第一梯队的企业为航天智装、索辰科技等企业，其计算 机仿真业务营收大于3亿元，在计算机仿真行业多元化布局等方面具有一定优势。其次是华力创通、华 如科技等计算机仿真企业，业务营收在2-3亿元之间。最后是永信至诚等，业务营收在2亿元以下。 注：数据截止到2025年11月29日。 从代表性企业分布情况来看，我国计算机仿真代表企业分布在江苏、上海、北京、四川、河北等地，其 中北京的计算机仿真产业代表性企业较多。 3、中国计算机仿真行业竞争格局 2、中国 ...

经济观察网 根据公开信息和市场数据，永信至诚（代码：688244）在截至2026年2月13日的近期股价出 现明显异动，近5个交易日累计上涨9.95%，2月13日单日上涨3.53%，盘中振幅达5.04%，成交金额放大 至1.32亿元。此次异动主要与以下因素关联： 从技术面看，永信至诚在2026年1月至2月初经历了一段调整，2月9日股价触及阶段低点22.55元。随后 连续三个交易日放量上涨，区间换手率达11.89%，显示资金参与度提升。2月13日股价突破5日、10日 均线，短期技术指标有所修复。 资金面情况 2月13日，永信至诚主力资金净流入199.68万元，而散户资金净流出199.68万元，呈现主力与散户资金流 向分化格局。当日换手率3.53%，较前几个交易日明显放大，表明短期资金博弈加剧。 综合来看，永信至诚近期的股价异动是业绩预告落地后市场情绪释放、网络安全板块相对抗跌、技术面 超跌反弹及资金短期博弈共同作用的结果。投资者可关注公司后续年报正式披露的财务细节及业务进 展。 业绩经营情况 公司于2026年1月30日发布2025年年度业绩预告，预计全年营业收入为2.7亿元至3.0亿元，同比下降 15.81%至2 ...

Core Viewpoint - Yongxin Zhicheng's stock price has shown volatility, with a year-to-date decline of 6.30% and a recent increase of 2.97% over the last five trading days, indicating potential market fluctuations and investor interest [1]. Company Overview - Yongxin Zhicheng Technology Group Co., Ltd. is a network security company based in Haidian District, Beijing, established on September 2, 2010, and listed on October 19, 2022 [1]. - The company focuses on technological innovation and is recognized as a national-level "specialized and innovative" small giant enterprise, with its core business centered around network simulation products [1]. Business Segments - The revenue composition of Yongxin Zhicheng is as follows: Digital Wind Tunnel and Operations (50.03%), Network Simulation and Operations (42.01%), and Security Protection and Control (7.96%) [1]. - The company operates within the software development sector, specifically in the computer industry, and is associated with concepts such as military informationization, tax informationization, network security, and aerospace military [1]. Financial Performance - For the period from January to September 2025, Yongxin Zhicheng reported a revenue of 142 million yuan, reflecting a year-on-year decrease of 17.72%, while the net profit attributable to shareholders was -54.85 million yuan, a decline of 73.68% compared to the previous year [1]. - As of September 30, 2025, the company had 6,011 shareholders, a decrease of 0.96% from the previous period, with an average of 12,126 circulating shares per shareholder, which increased by 0.96% [1]. Shareholder Information - Since its A-share listing, Yongxin Zhicheng has distributed a total of 36.03 million yuan in dividends [2]. - As of September 30, 2025, notable changes in institutional holdings include the exit of Bosera Military Industry Theme Stock A and Bosera Emerging Growth Mixed from the top ten circulating shareholders [2].

Industry Overview - The computer simulation industry in China has a limited number of listed companies, but the industry chain is extensive, with key players in the midstream segment including Huazhi Chuantong, Holiwo, and Huaru Technology [1] - The industry is expected to grow, with significant revenue contributions from various companies, particularly in the fields of military simulation, training, and digital transformation [16] Key Companies and Their Performance - Listed companies in the computer simulation sector include Huazhi Chuantong (5.64 billion), Holiwo (2.15 billion), Huaru Technology (1.57 billion), and others, with varying revenue performances [5][14] - The largest revenue-generating company in the sector is Langxin Information, with 1206.69 billion, followed by TCL Technology at 1359.43 billion [4] Business Focus and Strategies - Huazhi Chuantong aims to solidify its foundation in simulation testing and radar signal processing, focusing on domestic alternatives in the aerospace industry [16] - Holiwo is working to achieve international standards in simulation functionality and precision, while also integrating AI technology into its software [16] - Huaru Technology is leveraging military models for intelligent decision-making and virtual training applications [16] Market Dynamics - The computer simulation industry is characterized by a high concentration of business activities, with many companies having over 90% of their business focused on simulation [12] - The geographical distribution of representative companies is concentrated in regions like Beijing, Jiangsu, and Shanghai, with Beijing having the most significant number of companies [6] Revenue and Financial Metrics - The revenue from computer simulation business for major companies is generally below 3 billion, with notable exceptions like Aerospace Zhizhuang and Jiean Gaoke, which have higher revenues [14] - The gross profit margins for companies in the sector vary, with Jiean Gaoke achieving a margin of 1.84% [14] Future Outlook - The industry is expected to continue evolving with advancements in technology and increased demand for simulation solutions across various sectors, including defense and telecommunications [16] - Companies are focusing on enhancing their product offerings and expanding their market reach through strategic partnerships and technological innovations [16]

Group 1 - The company Yongxin Zhicheng expects to report a net loss attributable to shareholders of the parent company for the year 2025, estimated between -50 million to -42 million yuan, representing a decrease of 50.48 million to 58.48 million yuan compared to the same period last year [1] - The primary reasons for the performance change include a reduction in client budget investments due to macroeconomic factors, delays in project signing, delivery, and acceptance, leading to a decline in overall operating revenue [1] - The company has increased its impairment provisions for accounts receivable significantly compared to the previous year, based on accounting prudence principles, which has impacted the current period's performance [1] - Investment income has decreased year-on-year due to the impact of lower financial management yields [1] Group 2 - The nuclear power construction industry is experiencing a surge in demand, with equipment manufacturers reporting high order volumes, with orders scheduled until 2028 [1] - Employees in the equipment manufacturing sector are working in three shifts, and production lines are operating 24 hours a day to meet the increased demand [1]

证券代码：688244 证券简称：永信至诚 公告编号：2026-001 永信至诚科技集团股份有限公司 2025年年度业绩预告 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。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 1、经财务部门初步测算，预计永信至诚科技集团股份有限公司（以下简称 "公司"）2025 年年度实现营业收入 27,000 万元至 30,000 万元，较上年度同比 下降 15.81%至 24.23%。 2、经财务部门初步测算，预计 2025 年年度实现归属于母公司所有者的净利 润将出现亏损，实现归属于母公司所有者的净利润-5,000 万元至-4,200 万元，与 上年同期相比减少 5,048.22 万元至 5,848.22 万元。 3、经财务部门初步测算，预计 2025 年年度实现归属于母公司所有者扣除非 经常性损益后的净利润-5,000万元至-5,900万元，与上年同期相比将减少4,794.23 万元至 5,694.23 ...

Core Viewpoint - The company expects a significant net profit loss for the year 2025, projecting a loss of between 42 million to 50 million yuan, which represents a decrease of 50.48 million to 58.48 million yuan compared to the previous year [1] Financial Performance - The anticipated operating revenue for 2025 is estimated to be between 270 million to 300 million yuan, indicating a year-on-year decline of 15.81% to 24.23% [1]

Core Viewpoint - Yongxin Zhicheng experienced a decline of 5.51% on January 26, with a trading volume of 101 million yuan, indicating potential market volatility and investor sentiment concerns [1]. Financing Summary - On January 26, Yongxin Zhicheng had a financing buy amount of 11.48 million yuan and a financing repayment of 11.99 million yuan, resulting in a net financing buy of -0.51 million yuan [1]. - The total financing and margin trading balance for Yongxin Zhicheng reached 136 million yuan, accounting for 3.77% of its market capitalization, which is above the 60th percentile of the past year [1]. - The company had a margin balance of 271,000 yuan with a margin volume of 11,400 shares, exceeding the 90th percentile of the past year, indicating a high level of short selling activity [1]. Business Performance - As of September 30, Yongxin Zhicheng reported a total revenue of 142 million yuan for the first nine months of 2025, reflecting a year-on-year decrease of 17.72% [2]. - The company recorded a net profit attributable to shareholders of -54.85 million yuan, a significant decline of 73.68% compared to the previous year [2]. Shareholder Information - As of September 30, 2025, Yongxin Zhicheng had 6,011 shareholders, a decrease of 0.96% from the previous period, while the average number of circulating shares per shareholder increased by 0.96% to 12,126 shares [2]. - The company has distributed a total of 36.03 million yuan in dividends since its A-share listing [3]. - Notably, two funds, Bosera Military Industry Theme Stock A and Bosera Emerging Growth Mixed, have exited the list of the top ten circulating shareholders [3].

Core Viewpoint - The company, Yongxin Zhicheng, expresses confidence in its current operational status and future development, stating that there are no undisclosed matters that need to be reported [1] Group 1: Company Operations - The company reports that its production and operational conditions are currently good [1] - Yongxin Zhicheng emphasizes its confidence in future growth and development [1] Group 2: Information Disclosure - The company commits to adhering to relevant laws and regulations regarding information disclosure, particularly concerning any plans for share buybacks or operational improvements [1]

Core Insights - The computer simulation industry in China is experiencing fluctuating investment activity, with a total of 108 financing events from 2016 to 2025, indicating a volatile upward trend in investment [2][27]. - The average single financing amount in the computer simulation industry has shown a fluctuating trend, with an average of 0.3 billion yuan from January to November 2025 [4]. - Investment rounds are primarily concentrated in the angel and A rounds, reflecting a "large at both ends, small in the middle" characteristic in financing rounds [7][23]. Investment Activity - In 2024, there were 12 disclosed financing events totaling 0.873 billion yuan, while by December 1, 2025, there were 30 financing events totaling approximately 0.889 billion yuan [2][3]. - The majority of financing events are concentrated in Beijing, with 40 events, followed by Shanghai with 33 events, and other regions like Jiangsu, Guangdong, and Zhejiang also showing high activity [8]. Sector Focus - The computer simulation industry is primarily focused on the industrial sector, with significant financing events occurring between 2021 and 2023 [11]. - The main investors in the computer simulation industry are predominantly investment firms, with notable examples including交银投资 and 深创投, while industrial investors include companies like 比亚迪 and 金蝶国际 [23]. Mergers and Acquisitions - The industry is still in its early development stage, leading to smaller company sizes and limited mergers, primarily focusing on horizontal integration among midstream companies to expand scale [25][27]. - Recent merger activities include horizontal integrations such as 索辰科 acquiring 力控科技 and 露辰科 acquiring 麦思捷 [26].