Financial Performance - Total revenue for 2024 was RMB 356.33 million, a decrease of 9.99% compared to the previous year[4] - Net profit attributable to shareholders was RMB 8.54 million, down 72.53% year-on-year[4] - The weighted average return on net assets was 0.82%, a decrease of 2.12 percentage points compared to the previous year[4] - The net profit excluding non-recurring gains and losses was RMB -1.88 million, a decline of 117.05% year-on-year[4] Assets and Capital - The company's total assets at the end of the reporting period were RMB 1,222.29 million, a decrease of 2.05% from the beginning of the period[7] - The company's share capital increased by 47.50% during the reporting period due to a capital reserve conversion[10] - The net asset per share attributable to shareholders decreased by 34.76% to RMB 10.04[4] Research and Development - The company experienced a significant increase in R&D expenses, contributing to the decline in profits[10] Client Growth and Revenue - The number of clients for the "Digital Wind Tunnel" product system increased, leading to revenue growth from clients with recurring annual payments[8] Strategic Goals - The company aims to provide effective solutions for network and data security in the context of digital transformation[8]

这个公司我们更内比较早更比较早然后我们是在去年的9月27号撰写了公司的深度报告然后当时的话其实整个AR也已经公司也已经就AR相关的一些领域做了他自己的相关的一些大模型我们后面会讲到这里面的话我们首先先结论性的谈一下我们对公司的看法 这就是公司看法因为安全的公司的话呢其实在我们传统认知内的网络安全公司的这个公司的数量是很多的围绕着这种传统的网络安全产品防火墙相关的业务公司的很多大家的业务相对来说一定的这个重叠但是呢在我们研究这个 呃这个永信制产的时候呢我们发现了这公司还是有一些比较典型的特点啊典型的特点啊无论说是啊这个传统的说安全业务对吧公司呢是做啊这个网络靶场和人才培养体系啊起家的啊这样的一个公司那围绕着网络靶场的这个建设和运营啊我们后面会介绍一下什么叫网络安全靶场啊然后呢 也是国内最大的安全评测平台每年都会举行相关的一些活动同时公司又是有一些新的业务也是国内率先做数字分洞测评评估产品和服务的这样的一个炒商所以 这公司的话呢在我们看来呢在网络型公司里面的是一家相对来说比较特殊和独特的公司啊这个公司的这个董事长蔡总的话呢也是啊整个这个技术啊各方面啊这个水平非常高的啊这样的一个技术性的这样的一个管理层啊管理层所以 ...

证券代码：688244 证券简称：永信至诚 公告编号：2025-009 永信至诚科技集团股份有限公司 股票交易异常波动暨严重异常波动公告 本公司董事会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。 重要内容提示： 永信至诚科技集团股份有限公司（以下简称"公司"）股票于 2025 年 2 月 12 日、2 月 13 日、2 月 14 日连续三个交易日内收盘价格涨幅偏离值累计超过 30%，根据《上海证券交易所交易规则》《上海证券交易所科创板股票异常交易实 时监控细则》的有关规定，属于股票交易异常波动情形。 公司股票连续 10 个交易日内（2025 年 2 月 5 日至 2025 年 2 月 14 日） 收盘价格涨幅偏离值累计超过 100%，根据《上海证券交易所科创板股票上市规 则》《上海证券交易所交易规则》《上海证券交易所科创板股票异常交易实时监控 细则》的有关规定，属于股票交易严重异常波动情形。 经公司自查并向公司控股股东、实际控制人发函查证，截至本公告披露 日，公司及控股股东、实际控制人不存在关于公司的应披露而未披露的重大事项。 公司目前生产经 ...

证券代码：688244 证券简称：永信至诚 公告编号：2025-010 永信至诚科技集团股份有限公司 关于股东减持股份结果暨权益变动的提示性公告 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： 大股东持股的基本情况 本次减持计划实施前，奇安（北京）投资管理有限公司－北京奇安创业投资 合伙企业（有限合伙）（以下简称"奇安创投"）持有永信至诚科技集团股份有 限公司（以下简称"公司"）股份 11,937,680 股，占公司股份总数 11.6768%。 减持计划的实施结果情况 2024 年 10 月 25 日，公司披露了《持股 5%以上股东减持股份计划公告》 （公告编号：2024-069），公司股东奇安创投拟通过集中竞价交易、大宗交易方 式减持其所持有的公司股份数量合计不超过 3,067,024 股，即不超过公司总股本 的 3%。截至本公告披露日，上述减持计划时间区间已届满，减持计划已实施完 毕。近日，公司收到奇安创投出具的《减持股份结果暨权益变动的告知函》。在 减持计划期间内，累计减持公司股票 3,0 ...

《关于永信至诚科技集团股份有限公司股票交易异常波动 暨严重异常波动的询证函》的回函 致：永信至诚科技集团股份有限公司 贵公司《关于永信至诚科技集团股份有限公司股票交易异常波动暨严重异 常波动的询证函》已收悉，现就贵公司询证事项回复如下： 截至目前，作为公司控股股东/实际控制人，不存在正在筹划并购重组、股 份发行、债务重组、业务重组、资产剥离和资产注入等重大事项。 特此回函。 （本页以下无正文） (本页无正文，为控股股东/实际控制人《<关于永信至诚科技集团股份有限公 司股票交易异常波动暨严重异常波动的询证函>的回函》之签署页 > 控股股东/实际控制人: 9 2025 年 2 月 14 日 《关于永信至诚科技集团股份有限公司股票交易异常波动 暨严重异常波动的询证函》的回函 致：永信至诚科技集团股份有限公司 2025 年 2 月 14 日 贵公司《关于永信至诚科技集团股份有限公司股票交易异常波动暨严重异 常波动的询证函》已收悉，现就公司询证事项回复如下： 截至目前，本人作为贵公司实际控制人，不存在正在筹划并购重组、股份 发行、债务重组、业务重组、资产剥离和资产注入等重大事项。 特此回函。 （本页以下无正文） (本页 ...

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [8][61]. Core Viewpoints - The company is a leader in digital security testing and evaluation, focusing on network ranges and digital wind tunnels, and has been recognized as a national-level specialized "little giant" enterprise [8][11]. - The launch of the "Digital Wind Tunnel" product system in November 2022 positions the company to lead the professional track of digital security testing and evaluation [8][42]. - The company is expected to maintain a strong growth trajectory, with projected revenues of CNY 3.95 billion, CNY 4.84 billion, and CNY 5.87 billion from 2024 to 2026, alongside net profits of CNY 0.37 billion, CNY 0.65 billion, and CNY 0.99 billion during the same period [8][58][61]. Summary by Sections Company Overview - The company provides professional digital wind tunnel testing and evaluation, network range operations, and security protection services, addressing various security challenges faced by government and enterprise users [8][11]. - It has helped over a thousand government and enterprise users improve their digital security defenses [8][11]. Business Segments - The company has a strong foothold in the network range sector, which is crucial for digital security testing and evaluation [8][21]. - The "Digital Wind Tunnel" product system is designed to enhance security testing capabilities, utilizing a unique risk verification methodology [8][42][43]. Financial Projections - Revenue for 2024 is projected at CNY 3.95 billion, with a growth rate of 0%, followed by CNY 4.84 billion in 2025 (23% growth) and CNY 5.87 billion in 2026 (21% growth) [8][58]. - Net profit is expected to grow from CNY 0.37 billion in 2024 (20% growth) to CNY 0.65 billion in 2025 (75% growth) and CNY 0.99 billion in 2026 (51% growth) [8][58]. Market Position - The company holds the largest market share in the domestic network range sector as of 2023, outperforming competitors [8][28]. - The digital wind tunnel market is anticipated to grow significantly, driven by increasing demand for AI security assessments [8][32][41].

Core Viewpoint - The emergence of AI models like DeepSeek has raised significant security risks, including sensitive data leaks, necessitating a focus on "native security" to ensure safety from the inception of AI systems [1][2] Group 1: Security Risks and Challenges - AI models face various risks such as network and data security, model security, content security, and supply chain security due to their complex digital asset types and user interactions [1] - The dynamic lifecycle of AI models, characterized by continuous data collection, training, inference, and retraining, introduces new risks that differ from traditional software development processes [1] Group 2: Native Security Concept - The "native security" concept emphasizes the need for security management from the internal architecture, data processing, algorithm training, and workflow of AI models to ensure safety is built from the ground up [1] Group 3: Risk Management Mechanism by Yongxin Zhicheng - Yongxin Zhicheng has developed a risk management mechanism based on the "digital wind tunnel" product system, aimed at achieving native security throughout the entire lifecycle of AI models [2] - This mechanism includes multi-dimensional risk assessments and validations at various stages of AI model development, deployment, and operation to enhance security capabilities [2] Group 4: Health Management Solutions - Yongxin Zhicheng proposes a series of health management solutions, including an asset ledger for AI models, lifecycle testing and evaluation, threat intelligence monitoring, and real-time protection for data privacy [2] - The focus is on ensuring compliance and effective filtering of input and output information to prevent leaks of commercial information, national secrets, personal privacy, and sensitive social values [2] Group 5: Intelligent Agents for Security - The strategy involves equipping each AI model with a native, independent security "intelligent agent" to quickly identify, filter, and effectively block potential security risks [2] - This approach aims to improve the accuracy and efficiency of risk management for AI models, enabling them to better empower business development [2]

证券代码：688244 证券简称：永信至诚 公告编号：2025-007 永信至诚科技集团股份有限公司 关于持股5%以上股东权益变动的提示性公告 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： 本次权益变动属于股东主动通过集中竞价和大宗交易方式减持永信至诚 科技集团股份有限公司（以下简称"公司"或"永信至诚"）股份及持股比例被 动增加，不触及要约收购。 本次权益变动后，公司股东奇安（北京）投资管理有限公司－北京奇安 创业投资合伙企业（有限合伙）（以下简称"奇安创投"）持有公司股份数量从 5,450,000 股变动至 10,024,734 股，占公司总股本的比例由 11.6375%变动至 9.8057%。 本次权益变动为公司持股 5%以上非第一大股东正常权益变动行为，不会 对公司治理结构及持续经营产生重大影响，不会导致公司控股股东及实际控制人 发生变化。 公司于 2025 年 2 月 6 日收到股东奇安创投发来的《简易权益变动报告书》。 现将有关权益变动情况公告如下： 信息披 露义务 人 基 本 信 ...