Group 1 - The core point of the article is the announcement of the restricted stock incentive plan by Sanwei Xinan (688489), detailing the vesting results and stock issuance [1] - In the first vesting period of the 2023 incentive plan, 441,200 shares will be listed for trading on September 11, with the beneficiaries being 26 core employees from the subsidiary Jiangnan Keyou [1] - The company granted 993,000 shares of restricted stock to 28 incentive recipients in October 2023, with 94,300 shares canceled due to two employees leaving and some not meeting performance criteria [1] Group 2 - The grant price of the restricted stock has been adjusted twice, currently set at 33.79 yuan per share [1] - Following the vesting, the company's total share capital will increase to 115 million shares, with no change in the controlling shareholder or actual controller [1] - The financial impact of this vesting is minimal, resulting in a corresponding dilution of basic earnings per share [1]

Core Viewpoint - The company has significant expertise in blockchain security and is actively involved in the development of standards and solutions for Web3.0 applications, including RWA and stablecoins [1] Group 1: Blockchain Security Expertise - The company has years of technical accumulation in the blockchain security field [1] - It led the formulation of GM/T0111-2021, the first national standard for blockchain cryptographic application technology in China [1] - The company has developed the first batch of blockchain cryptographic machines that have passed national commercial encryption certification and are applied in multiple blockchain infrastructure projects in China [1] Group 2: Product and Solution Development - The company offers FIPSHSM certified services for secure digital asset custody and has hardware wallet products used in cryptocurrency exchanges [1] - It is actively laying out products and solutions for Web3.0 application scenarios, focusing on RWA data on-chain, cold and hot wallets, and asset custody [1] Group 3: Industry Participation - The company serves as the vice-chairman unit of the Hong Kong Web3.0 Standardization Association, participating in the formulation of standards and technical specifications [1]

Core Viewpoint - The company, Sanwei Xinan (688489.SH), has significant expertise in blockchain security and is actively involved in the development of Web3.0 applications, including RWA and stablecoins, leveraging its years of technological accumulation in the field [1] Group 1: Blockchain Security Expertise - The company has developed the first domestic blockchain cryptography industry standard, GM/T 0111-2021, which outlines technical requirements for blockchain cryptography applications [1] - It has produced the first batch of blockchain cryptographic machines that have passed national commercial encryption certification, which are now applied in various blockchain infrastructure projects in China [1] - The company offers FIPS HSM certified solutions for secure digital asset custody, and its hardware wallet products are utilized in cryptocurrency exchanges [1] Group 2: Involvement in Web3.0 Standards - As a vice-chairman unit of the Hong Kong Web3.0 Standardization Association, the company actively participates in the formulation of standards and technical specifications [1] - The company is focusing on the application scenarios of stablecoins and RWA, particularly in areas such as on-chain data for RWA, cold and hot wallets, and asset custody, providing products or solutions [1]

Group 1 - The company has established guidelines for the upcoming shareholders' meeting to ensure the orderly conduct and efficiency of the meeting [1][2][3] - Shareholders and their representatives have the right to speak, inquire, and vote during the meeting, and must register in advance to speak [2][3] - The meeting will include the election of counting and monitoring personnel, discussion of various proposals, and the announcement of voting results [5][6] Group 2 - Proposal 1 involves the cancellation of the supervisory board and adjustment of the board of directors' size, with the audit committee taking over the supervisory functions [6][7] - Proposal 2 focuses on revising and formulating certain governance systems to enhance the company's internal governance mechanisms [7][8] - Proposal 3 seeks to reappoint the auditing firm, Lixin Certified Public Accountants, for the 2025 fiscal year, emphasizing their independence and past performance [8][9]

国泰海通证券股份有限公司 关于三未信安科技股份有限公司 2025 年半年度持续督导跟踪报告 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》 《上海证券交易所上市公司自律监管指引第11号——持续督导》等有关法律法规的规 定，国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为三未 信安科技股份有限公司（以下简称"三未信安"或"公司"）持续督导工作的保荐机 构，负责三未信安上市后的持续督导工作，并出具本持续督导跟踪报告。 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | | 建立健全并有效执行持续督导工作制度，并 | 保荐机构已建立健全并有效执行了持续督 | | 1 | 针对具体的持续督导工作制定相应的工作计 | | | | 划。 | 导制度，并制定了相应的工作计划。 | | | 根据中国证监会相关规定，在持续督导工作 | 保荐机构已与公司签订《持续督导协议》， | | 2 | 开始前，与上市公司或相关当事人签署持续 | 该协议明确了双方在持续督导期间的权利 | | | 督导协议，明确双方在持续督导期间的权利 | 和义务。 | | | ...

证券代码：688489 证券简称：三未信安 三未信安科技股份有限公司 2025 年第五次临时股东大会会议资料 二〇二五年九月 1 其他股东及股东代理人的发言。在股东大会进行表决时，股东及股东代理人不 再进行发言。股东及股东代理人违反上述规定，会议主持人有权加以拒绝或制 止。 三未信安科技股份有限公司 2025 年第五次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保 证大会的顺利进行，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》《上市公司股东大会规则》以及《三未信 安科技股份有限公司章程》（以下简称"《公司章程》"）《三未信安科技股 份有限公司股东大会议事规则》等相关规定，三未信安科技股份有限公司（以 下简称"公司"）特制定本次股东大会会议须知： 一、为确认出席大会的股东或其代理人或其他出席者的出席资格，会议工 作人员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。 二、为保证本次大会的严肃性和正常秩序，切实维护股东的合法权益，请 出席大会的股东或其代理人或其他出席者提前 30 分钟到达会场签到确认参会资 格。会议开始后，会 ...

Summary of the Conference Call for Sanwei Xinan Company Overview - **Company**: Sanwei Xinan - **Industry**: Cybersecurity and Encryption Technology Key Financial Performance - **Revenue**: Achieved 195 million yuan in H1 2025, a year-on-year increase of 15.19% [3] - **Gross Margin**: Overall gross margin decreased to 71.45% due to inventory valuation amortization costs from the acquisition of Jialiantian [3] - **Net Profit**: Slight decline in net profit attributed to downstream project rhythms, client budgets, and increased R&D investments [2][3] - **R&D Investment**: R&D expenses accounted for 40.34% of revenue, an increase of 9.07 percentage points year-on-year [3] Revenue Contribution by Sector - **Top Revenue Contributors**: - Cloud Vendors: 24% - Financial Sector: 23% - Energy Sector: 13% - **Core Products**: - Encryption Machines: 44% - Encryption Systems: 26% - Fastest Growth: Encryption Services, up 37% year-on-year [2][3] Strategic Focus Areas - **Technological Investments**: Focus on IoT terminal encryption security, cloud encryption services, quantum-resistant encryption products, and low-altitude drone flight safety [2][5] - **Market Expansion**: Emphasis on overseas markets and demand for hardware products in the B circle [2][5] Future Outlook - **H2 2025 Expectations**: Anticipation of completing large project deliveries and benefiting from national policies promoting encryption evaluations and critical information infrastructure protection [6] - **Market Opportunities**: AI and Web 3.0 technologies are expected to create new market opportunities [6] Blockchain and RWA Initiatives - **RWA Stablecoin Security**: Active collaboration with various banks to accumulate blockchain technology experience since 2021 [7] - **Blockchain Development**: Participation in Hong Kong's Web 3.0 registration platform and joining standardization associations to advance blockchain technology [4][9] Acquisitions and Business Synergies - **Recent Acquisitions**: Acquired Jiangnan Tianan and Keyou, enhancing capabilities in cloud services and finance, capturing over 80% of the domestic cloud encryption market [4][10] - **Business Integration**: Significant growth observed in the performance of acquired companies, indicating successful integration [10] Challenges and Risks - **Investor Actions**: Some venture capital investors have begun to reduce their holdings, which is a normal operation after a long-term investment [20][21] - **Market Competition**: The company faces challenges in a fragmented market but aims to consolidate through strategic acquisitions [11] Conclusion - **Long-term Vision**: Sanwei Xinan aims to become a trusted company with core technologies, focusing on creating value for customers and addressing domestic technological challenges [22][23]

Financial Performance - The company reported total revenue of 195 million yuan for the first half of 2025, an increase of 15.19% year-on-year [1] - The net profit attributable to shareholders was -29.39 million yuan, a decline of 314.35% compared to the previous year [1] - The gross margin decreased to 72.28%, down 5.93% year-on-year, while the net margin was -14.72%, a drop of 259.27% [1] - Total expenses (selling, administrative, and financial) accounted for 55.69% of revenue, an increase of 31.85% year-on-year [1] Key Financial Metrics - Earnings per share (EPS) was -0.26 yuan, a decrease of 315.76% year-on-year [1] - Operating cash flow per share was -0.41 yuan, down 115.3% compared to the previous year [1] - The company's net assets per share were 15.87 yuan, a decline of 1.1% year-on-year [1] Changes in Financial Items - Cash and cash equivalents decreased by 59.61% due to changes in cash management practices [1] - Trade receivables increased by 7.45%, while financial assets for trading surged by 525.83% due to cash management changes [2] - Contract assets rose significantly by 636.63% due to an increase in contract guarantee deposits [2] Business Model and Market Position - The company's performance is primarily driven by research and marketing efforts, with a focus on maintaining technological advantages in quantum-resistant cryptography [10][13] - The company has made significant investments in research and development, particularly in areas such as native cloud cryptography and low-altitude flight safety [9] - The company is positioned well in the market for quantum-resistant algorithms, having made early investments and achieved notable results in product development and pilot applications [13] Fund Holdings and Market Interest - The largest fund holding the company’s shares is Guoxin Guozheng New Star A, with a current scale of 137 million yuan and a recent net value increase of 3.59% [12] - Analysts expect the company's performance in 2025 to reach approximately 60.8 million yuan, with an average EPS forecast of 0.53 yuan [10]

Market Performance - The Sci-Tech Innovation 50 Index rose by 8.59%, closing at 1247.86 points, with a total trading volume of 6.08 billion shares and a turnover of 285.84 billion yuan, resulting in an average turnover rate of 3.28% [1] - Among the tradable stocks on the Sci-Tech Innovation Board, 470 stocks closed higher, with 21 stocks increasing by over 10%, including Chengdu Huami, Cambrian, and Haiguang Information, which hit the daily limit [1] - The turnover rate distribution shows that 4 stocks had a turnover rate exceeding 20%, 37 stocks had a turnover rate between 10% and 20%, and 132 stocks had a turnover rate between 5% and 10% [1] Stock Specifics - The stock with the highest turnover rate was Ying Shi Innovation, which closed down by 4.34% with a turnover rate of 25.42% and a transaction amount of 2.05 billion yuan [1] - Other notable stocks include Sanwei Xinan, which rose by 6.03% with a turnover rate of 23.27%, and Yitang Co., which had a turnover rate of 21.91% [1] - Among the stocks with a turnover rate over 5%, 156 stocks increased, with Pinggao Co., Chengdu Huami, and Yuntian Lefe hitting the daily limit, while Sainuo Medical and Ying Shi Innovation saw significant declines [1] Industry Analysis - In terms of industry, the electronics sector had the most stocks with a turnover rate exceeding 5%, totaling 77 stocks, followed by the computer and machinery equipment sectors with 31 and 15 stocks, respectively [2] - High turnover stocks saw a net inflow of main funds in 105 stocks, with the highest net inflows recorded for SMIC, Lanke Technology, and Chipone Technology, amounting to 2.579 billion yuan, 482 million yuan, and 431 million yuan, respectively [2] - Conversely, stocks like Ying Shi Innovation and Sainuo Medical experienced significant net outflows, with amounts of 333 million yuan and 223 million yuan, respectively [2] Financial Performance - Among the high turnover stocks, 48 companies reported semi-annual results, with the highest net profit growth rates seen in Shijia Photon, Zhenlei Technology, and Jiao Cheng Ultrasound, with increases of 1712.00%, 1006.99%, and 1005.12%, respectively [2] - One stock, Tiande Yu, reported a net profit growth of 50.89% in its half-year performance report [2]

三未信安科技股份有限公司 信息披露暂缓与豁免业务管理制度 二〇二五年八月 三未信安科技股份有限公司 信息披露暂缓与豁免业务管理制度 第一章 总则 第一条 为规范三未信安科技股份有限公司（以下简称"公司"）的信息披露 暂缓与豁免行为，促进公司依法规范运作，依据《中华人民共和国证券法》《上 海证券交易所科创板股票上市规则》（以下简称"《上市规则》"）和《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"《规范运 作指引》"）、《上市公司信息披露暂缓与豁免管理规定》《三未信安科技股份有限 公司章程》（以下简称"《公司章程》"）及其他有关规定，结合公司实际情况，制 定本制度。 第二条 公司按照《上市规则》《规范运作指引》及其他相关业务规则的规定， 实施信息披露暂缓、豁免业务的，适用本制度。 第三条 公司和相关信息披露义务人应当披露的信息存在《上市规则》《规范 运作指引》及上交所其他相关业务规则中规定的暂缓、豁免情形的，可以无须向 上交所申请，由公司自行审慎判断，并接受上交所对有关信息披露暂缓、豁免事 项的事后监管。 第二章 暂缓与豁免披露信息的范围 第四条 信息披露义务人拟披露的信息存在不 ...