Core Viewpoint - Qi Anxin (688561.SH) reported a year-on-year increase in revenue for Q3 2025, indicating strong growth despite challenges in net profit [1] Financial Performance - The company's operating revenue for Q3 2025 reached 1.096 billion yuan, representing an 18.22% increase compared to the same period last year [1] - The net profit attributable to shareholders of the listed company was 153 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -162 million yuan, indicating a loss [1]

Core Insights - Q3 financial report of Qi An Xin shows a revenue of 2.839 billion yuan for the first three quarters, a year-on-year increase of 4.72% [1] - The company achieved a revenue of 1.096 billion yuan in Q3, with a year-on-year growth of 18.22% [1] - Net profit attributable to shareholders in Q3 reached 153 million yuan, marking a significant year-on-year increase of 143% [1] Company Strategy - Qi An Xin's chairman, Qi Xiangdong, emphasized the dual-driven strategy of "AI-driven security innovation and security assurance for AI implementation" [2] - The company is actively promoting the "AI+" strategy, integrating security capabilities into the modern industrial system to empower digital transformation across industries [2]

Core Insights - Qihoo 360 reported a revenue of 1.096 billion yuan for Q3 2025, representing a year-on-year growth of 18.22% and a net profit of 153 million yuan [1] - For the first three quarters of 2025, the company achieved a total revenue of 2.839 billion yuan, which is a year-on-year increase of 4.72%, but recorded a net loss of 617 million yuan [1]

Core Insights - Q3 financial report of Qi An Xin Technology Group shows significant growth in revenue and profit, marking a positive trend in the company's performance [1][2] Financial Performance - For the first three quarters, the company achieved revenue of 2.839 billion yuan, a year-on-year increase of 4.72% [1] - Sales collection reached 2.881 billion yuan, up 12.72% year-on-year [1] - In Q3 alone, revenue was 1.096 billion yuan, reflecting an 18.22% year-on-year growth [1] - Net profit attributable to shareholders was 153 million yuan, a substantial increase of 143.01% year-on-year [1] - Operating cash flow net amount reached 101 million yuan, up 118.47% year-on-year [1] - Q3 sales collection was 1.224 billion yuan, showing a 70.53% year-on-year increase [1] Client and Industry Insights - The revenue from enterprise-level clients accounted for 78.26% of the main business in the first three quarters [1] - Clients contributing over one million yuan accounted for more than 70%, while those over five million yuan made up nearly 50% [1] - Revenue contributions from six major sectors (finance, operators, special industries, manufacturing, energy, and information technology) approached 70% [1] - Growth rates for revenue in specific sectors included 60% for operators, 46% for manufacturing, 32% for special industries, and 30% for finance [1] AI and Security Developments - In Q3, the company made significant progress in the "AI + Security" domain, with AISOC products successfully implemented in key industries such as government, manufacturing, finance, and energy [2] - The large model defender product has been validated in over 20 industries [2] - The chairman emphasized the dual-driven strategy of "AI-driven security innovation and security assurance for AI implementation" to enhance the integration of security capabilities into the modern industrial system [2]

Core Insights - Q3 financial report of Qi Anxin Technology Group shows revenue of 1.096 billion yuan, a year-on-year increase of 18.22% [1] - Net profit attributable to shareholders reached 153 million yuan, a significant year-on-year growth of 143.01% [1] - Operating cash flow net amount reached 101 million yuan, up 118.47% year-on-year, indicating strong cash flow improvement [1] Financial Performance - Multiple core financial indicators achieved the best levels since the company went public, demonstrating a "dual increase" in both quantity and quality [1] - Net profit and operating cash flow both turned positive for the first time in Q3 since the company's listing [1] - Sales collections recorded 1.224 billion yuan, a substantial year-on-year increase of 70.53% [1] Business Development - The company secured several large contracts worth millions in sectors such as finance, energy, manufacturing, tobacco, industrial control, and government during the reporting period, indicating strong business expansion momentum [1] - Emphasis was placed on profitability quality rather than scale expansion in Q3 [1] - IDC analysis highlights the company's resilient performance and leading advantage in a challenging market environment, suggesting potential for continued growth in the future [1]

Core Insights - The company reported a revenue of 2.839 billion yuan for the first three quarters, marking a year-on-year increase of 4.72% [1] - In Q3 alone, the company achieved a revenue of 1.096 billion yuan, reflecting a year-on-year growth of 18.22% [1] - The net profit attributable to shareholders for Q3 reached 153 million yuan, a significant increase of 143.01% year-on-year [1] - Operating cash flow for Q3 was 101 million yuan, up 118.47% year-on-year [1] Financial Performance - The company’s core financial metrics reached their best levels since its IPO, indicating a simultaneous increase in both quantity and quality [2] - Q3 marked the first time since the IPO that both net profit and operating cash flow turned positive in a single quarter, with increases of 143.01% and 118.47% respectively [2] - Sales collections for Q3 amounted to 1.224 billion yuan, showing a substantial year-on-year growth of 70.53% [2] Market Position and Client Base - The company demonstrated strong market resilience and competitive advantage despite tightening security budgets among enterprise clients in H1 2025 [2] - Major contracts were secured in sectors such as finance, energy, manufacturing, tobacco, industrial control, and government during Q3 [2] - Revenue from enterprise clients accounted for 78.26% of the main business, with government and judicial clients contributing 13.89% and 7.85% respectively [2] - Over 70% of revenue came from clients contributing over 1 million yuan, with nearly 50% from clients contributing over 5 million yuan [2] Industry Trends and Strategic Initiatives - The newly revised Cybersecurity Law enhances legal responsibilities and supports cybersecurity governance [3] - The company is advancing its "AI-driven security innovation" strategy, integrating security capabilities into modern industrial systems [3] - Significant progress was made in the "AI + Security" domain, with successful implementations of AI SOC products across key industries [3] - IDC forecasts a 12.2% growth in global cybersecurity spending by 2025, driven by the adoption of AI technologies [3] - The company is focusing on profitability quality rather than scale expansion, positioning itself for continued growth in the evolving industry landscape [3]

重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是√否 一、主要财务数据 奇安信科技集团股份有限公司2025 年第三季度报告 证券代码：688561 证券简称：奇安信 奇安信科技集团股份有限公司 2025 年第三季度报告 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。 单位:元 币种:人民币 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 1,096,434,801 ...

格隆汇10月30日｜奇安信(688561.SH)披露第三季度财务报告显示，公司前三季度实现营业收入28.39亿 元，同比增长4.72%；销售回款28.81亿元，同比增长12.72%。单就第三季度而言，除营收稳步增长外， 归母净利润与经营性现金流净额均实现上市以来Q3单季度的首次转正。根据财报数据，公司实现营收 10.96亿元，同比增长18.22%；归母净利润1.53亿元，同比大幅增长143.01%；经营性现金流净额达到 1.01亿元，同比增长118.47%。多项核心财务指标创下自上市以来最优水平，呈现"量质齐升"的良好发 展态势。 ...

Core Viewpoint - Qianxin Technology Group Co., Ltd. has seen a 5.01% increase in stock price, reaching 36.88 CNY per share, with a total market capitalization of 25.161 billion CNY, indicating a positive market sentiment towards the company [1] Company Overview - Qianxin was established on June 16, 2014, and went public on July 22, 2020. The company specializes in the cybersecurity market, providing next-generation enterprise-level cybersecurity products and services to government and corporate clients [1] - The revenue composition of Qianxin includes: 61.00% from security products, 19.67% from security services, 18.93% from hardware and others, and 0.40% from other sources [1] Shareholder Insights - The Huaxia Fund's Huaxia SSE Sci-Tech Innovation Board 50 ETF (588000) is among the top ten circulating shareholders of Qianxin, having reduced its holdings by 209,400 shares in Q2, now holding 15.1968 million shares, which is 2.22% of the circulating shares [2] - The ETF has generated an estimated floating profit of approximately 26.7463 million CNY today, with a total floating profit of 23.403 million CNY during the five-day increase [2] Fund Performance - The Huaxia SSE Sci-Tech Innovation Board 50 ETF (588000) has a total asset size of 75.62 billion CNY and has achieved a year-to-date return of 49.92%, ranking 824 out of 4216 in its category [2] - The fund has a one-year return of 52.3%, ranking 691 out of 3885, and an overall return of 8.58% since its inception on September 28, 2020 [2] Additional Fund Insights - The Huaxia Cloud Computing and Big Data ETF Link A (019868) holds Qianxin as its fourth-largest position, with 44 shares held in Q3, generating a floating profit of approximately 77.44 CNY today [4] - This fund has a total asset size of 929.567 million CNY and has achieved a year-to-date return of 48.48%, ranking 909 out of 4216 [4] Fund Management - The fund manager of the Huaxia Cloud Computing and Big Data ETF Link A is Zhang Jinzhi, who has been in the position for 150 days, managing assets totaling 3.203 billion CNY [5] - During Zhang's tenure, the best fund return has been 55.67%, while the worst return has been -1.36% [5]

Core Viewpoint - Qianxin (688561) has seen a net financing inflow of 655,700 yuan over the past three trading days, indicating a positive sentiment among investors [1]. Financing Summary - On October 29, 2025, Qianxin had a financing buy of 19.38 million yuan and a financing repayment of 18.72 million yuan, resulting in a net financing inflow of 655,700 yuan, with a financing balance of 534 million yuan [1]. - The financing balance has shown a slight increase over the past few days, with a total net inflow of 6.54 million yuan over the last three trading days [1][2]. - The financing balance as a percentage of the circulating market value is 2.23% on October 29, 2025 [2]. Margin Trading Summary - On October 29, 2025, there were no shares sold short, but 200 shares were repaid, resulting in a net short position of 200 shares, with a remaining short balance of 165,500 shares [3]. - Over the past 20 trading days, there have been 11 days of net short selling [3]. Overall Margin Balance - The total margin balance on October 29, 2025, is 540 million yuan, reflecting an increase of 676,900 yuan or 0.13% from the previous day [4]. - The margin balance has fluctuated over the past few days, with a notable increase of 5.6 million yuan on October 27, 2025 [4].