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 ...

一、信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》（以下简称"《收购办法》"）、《公开发行证券的 公司信息披露内容与格式准则第 15 号—权益变动报告书》（以下简称"准则 15 号"）及相关的法律、法规编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依据《证券法》《收购办法》、准则 15 号的规定，本报告书已全面披 露了信息披露义务人在永信至诚科技集团股份有限公司中拥有权益的股份变动 情况； 永信至诚科技集团股份有限公司 简式权益变动报告书 上市公司名称：永信至诚科技集团股份有限公司 股票上市地点：上海证券交易所 股票简称：永信至诚 股票代码：688244 信息披露义务人名称：北京奇安创业投资合伙企业（有限合伙） 通讯地址：北京市西城区新街口外大街 28 号 C 座 1 层 117 号 住所：北京市西城区新街口外大街 28 号 C 座 1 层 117 号 股份变动性质：股份减少 简式权益变动报告书签署日期：2025 年 2 月 6 日 信息披露义务人声明 截至本 ...

永信至诚科技集团股份有限公司 关于签署募集资金专户存储监管协议的公告 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。 一、募集资金基本情况 证券代码：688244 证券简称：永信至诚 公告编号：2025-006 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"）首次 公开发行股票并在科创板上市的注册申请于2022年8月23日经中国证券监督管理 委员会同意并出具《关于同意北京永信至诚科技集团股份有限公司首次公开发行 股票注册的批复》（证监许可〔2022〕1916号），公司据此公开发行人民币普通 股1,170.7826万股，每股发行价格为人民币49.19元，募集资金总额为人民币 57,590.80万元；扣除发行费用后，募集资金净额为50,605.37万元。天健会计师事 务所（特殊普通合伙）于2022年10月14日对本次发行的资金到位情况进行了审验， 并出具了"[2022]1-114号"《验资报告》。 为规范公司募集资金管理和使用，保护投资者权益，公司设立了相关募集资 金专项账户，并与保荐机构及专户存储募集资金的商业 ...

证券代码：688244 证券简称：永信至诚 公告编号：2025-005 永信至诚科技集团股份有限公司 关于持股5%以上股东权益变动触及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"）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 10,245,734 股，占公司总股本的比例由 11.6375%变动至 10.0218%。 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 1 月 22 日收到股东奇安创投发来的《关于北京奇安创业投资 合伙企业（有限合伙）股份变动触及 1%的告知函》。现将有关权益变动 ...

Revenue and Profit Projections - The company expects to achieve an operating revenue of between 350 million and 370 million yuan in 2024, a year-on-year decrease of 6.53% to 11.59%[3]. - The projected net profit attributable to shareholders of the parent company is estimated to be between 7 million and 10 million yuan, a decrease of 2,110.54 thousand to 2,410.54 thousand yuan, representing a decline of 67.85% to 77.50% year-on-year[3]. - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between -3.5 million and -1 million yuan, a decrease of 1,113.04 thousand to 1,453.04 thousand yuan, indicating a decline of 100.91% to 131.73% year-on-year[3]. - In 2023, the company achieved an operating revenue of 395.87 million yuan and a net profit of 311.05 million yuan attributable to shareholders of the parent company[4]. Factors Affecting Performance - The decline in performance is attributed to reduced budget investments from some clients and delays in project signing, delivery, and acceptance due to macroeconomic factors[5]. - The company experienced a decrease in government subsidies, resulting in reduced other income[6]. Research and Development - The company has increased R&D investment in key areas such as "digital wind tunnel," artificial intelligence, and data security to maintain technological advancement, leading to higher R&D expenses[6]. Financial Reporting and Risks - The performance forecast is based on preliminary calculations by the company's finance department and has not been audited by registered accountants[7]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change upon the release of the audited annual report[8].

国信证券股份有限公司 关于永信至诚科技集团股份有限公司 使用部分募集资金向全资子公司增资和提供借款 以实施募投项目的核查意见 国信证券股份有限公司（以下简称"国信证券"或"保荐机构"）作为永信至诚 科技集团股份有限公司（以下简称"永信至诚"或"公司"）首次公开发行股票并在 科创板上市的持续督导保荐机构，根据《证券发行上市保荐业务管理办法》《上海证 券交易所科创板股票上市规则》（以下简称"上市规则"）《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求（2022 年修订）》（以下简称"监管 指引第 2 号 "）《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运 作 》（ 以下简称"自律监管指引第 1 号"） 等有关法律法规的要求、规章及业务规 则，对公司拟使用部分募集资金向全资子公司北京五一嘉峪科技有限公司（以下简 称"五一嘉峪"）增资和提供借款以实施募投项目的事项进行了审慎核查，具体情况 如下： 一、募集资金的基本情况 根据中国证券监督管理委员会（以下简称"中国证监会"）于 2022 年 8 月 23 日 签发的《关于同意北京永信至诚科技股份有限公司首次公开发行股票注册的批复》 （ ...