Core Viewpoint - The Ministry of Industry and Information Technology has issued the "Action Plan for Promoting the High-Quality Development of Industrial Internet Platforms (2026-2028)", which aims to support new industrialization through four major actions [1][3]. Summary by Relevant Sections Action Plan Overview - The action plan emphasizes the "data-driven intelligence" initiative, focusing on unlocking the value of industrial data, building high-quality industrial model systems, and enhancing the application of artificial intelligence in industrial internet platforms [3][14]. - It also highlights the importance of industrial internet security, calling for strengthened platform security guarantees, compliance guidance for platform enterprises, and the implementation of classified and graded management for industrial internet security [3][14]. Security Challenges - The industrial internet platform faces three major security shortcomings: weak compliance foundations, lack of classified and graded management, and insufficient data security capabilities [16]. - Weak compliance is a prevalent issue, with many enterprises lacking professional compliance guidance, leading to high compliance risks [4][16]. - The need for classified and graded management is critical, as different industries and enterprises have varying security risks and requirements [5][17]. - Enhancing data security monitoring, early warning, and emergency response capabilities is essential for the secure operation of platforms [6][18]. Industrial Security Construction - The construction of industrial security is a systematic project that follows three core steps: "assess the foundation," "build the system," and "ensure sustainability" [19][22]. - "Assess the foundation" involves creating a complete asset ledger through automated identification and vulnerability scanning [21]. - "Build the system" focuses on the comprehensive deployment of security capabilities, including nine specific tasks such as optimizing industrial control network architecture and establishing security monitoring systems [21][23]. - "Ensure sustainability" emphasizes the continuous optimization of strategies and the cultivation of professional talent to respond to threats effectively [22]. Implementation and Expertise - The company, Qi Anxin, has developed a comprehensive industrial internet security framework that integrates security protection, monitoring, and operations across various levels, including cloud, edge, and data [23]. - Qi Anxin has provided industrial security solutions to numerous enterprises across various sectors, including energy, manufacturing, and transportation, leveraging its technical expertise and practical experience [26].

Core Viewpoint - The recent pullback of the Huabao Sci-Tech AI ETF (589520) after reaching a historical high is seen as a buying opportunity by investors, reflecting strong confidence in the domestic AI industry chain [1][3]. Group 1: ETF Performance - The Huabao Sci-Tech AI ETF (589520) experienced a decline of 2.71% after hitting a record high, with a trading volume exceeding 55 million yuan within half a day [1]. - Over the past three days, the ETF attracted a total of 121 million yuan in investments, indicating positive market sentiment towards the domestic AI industry chain [1]. Group 2: Component Stocks - Among the component stocks, Yaxin Security led with a gain of over 4%, while Hehe Information rose by more than 3%. Other notable gainers included Chipone Technology, Lattice Semiconductor, and Qi Anxin, each increasing by over 1% [3]. - Conversely, XH Technology saw a decline of nearly 20%, approaching its daily limit down, while Zhongke Shuguang and Haitan Ruisheng fell by over 18% and 11%, respectively, negatively impacting the index performance [3]. Group 3: Industry Developments - The Ministry of Industry and Information Technology recently issued a plan for the high-quality development of industrial internet platforms from 2026 to 2028, marking a new phase in China's industrial internet development [3]. - The plan introduces the concept of "industrial intelligence," emphasizing the deep integration of AI into the entire industrial chain, which is expected to revolutionize traditional manufacturing practices [3]. Group 4: AI Industry Outlook - The AI industry is transitioning from a focus on AIGC (Artificial Intelligence Generated Content) to applications in manufacturing, with the potential for AI to become a true productivity tool [3]. - According to CITIC Securities, the synergy between self-control and AI is expected to drive strong performance in related sectors by 2025, with this trend likely to strengthen further in 2026 [3]. Group 5: ETF Composition and Strategy - The Huabao Sci-Tech AI ETF (589520) is strategically diversified across four key segments: application software, terminal applications, terminal chips, and cloud chips, reflecting the current state of the AI industry chain [4]. - The ETF emphasizes domestic alternatives, with over 70% of its top ten holdings in the semiconductor sector, indicating a high concentration and aggressive positioning [5].

Core Viewpoint - The company, Qi Anxin Technology Group Co., Ltd., has announced an expected net loss for the fiscal year 2025, indicating a decline in operational performance [1]. Financial Performance - The company anticipates a negative net profit attributable to the parent company's shareholders for the year 2025 [1]. - The specific financial data regarding the expected loss has not yet been audited by a registered accountant and will be confirmed in the official audited annual report [1]. Compliance and Disclosure - The company commits to adhering to the Shanghai Stock Exchange's rules for the Science and Technology Innovation Board and will expedite its financial accounting processes [1]. - The company will fulfill its information disclosure obligations in a timely manner and aims to release the 2025 annual performance forecast within the stipulated timeframe [1].

（文章来源：证券日报） 证券日报网讯 1月14日，奇安信发布公告称，公司预计2025年年度归属于母公司所有者的净利润为负 值，2025年年度经营业绩将出现亏损。 ...

证券代码：688561 证券简称：奇安信 公告编号：2026-001 奇安信科技集团股份有限公司 关于 2025 年年度业绩预亏的提示性公告 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。 经奇安信科技集团股份有限公司（以下简称"公司"）财务部门初步测算， 预计 2025 年年度归属于母公司所有者的净利润为负值，公司 2025 年年度经营业 绩将出现亏损。 公司将严格遵循《上海证券交易所科创板股票上市规则》等相关规定，加快 推进财务核算工作，及时履行信息披露义务，在规定期限内尽快披露 2025 年年 度业绩预告。本次业绩预亏的财务情况未经注册会计师审计，具体准确的财务数 据请以公司正式披露的经审计的 2025 年年度报告为准。敬请广大投资者理性投 资，注意投资风险。 特此公告。 奇安信科技集团股份有限公司董事会 2026 年 1 月 15 日 1 ...

【奇安信：预计2025年净利润亏损】《科创板日报》14日讯，奇安信(688561.SH)公告称，奇安信发布 2025年度业绩预告，预计归属于母公司所有者的净利润为负值，公司年度经营业绩将出现亏损。 转自：智通财经 ...

Global Firewall Market Overview - The global firewall market is projected to grow from $6.924 billion in 2016 to $22.415 billion by 2024, with a peak growth rate of 30.03% in 2021 due to increased demand for cybersecurity solutions amid the pandemic [1] - The surge in demand is attributed to the need for businesses to upgrade or acquire firewall devices to protect against cyber threats and secure internal data [1] Next-Generation Firewall Market Outlook - The global next-generation firewall market is expected to grow from $18.1 billion in 2024 to $21.8 billion by 2028, indicating a positive growth trend [2] - The U.S. market for next-generation firewalls, which is the largest globally, is projected to increase from $7.3 billion in 2024 to $9 billion by 2028, representing 40.3% of the global market share [5] Importance of Firewalls in Cybersecurity - Firewalls are considered a fundamental necessity in network security, serving as the first line of defense for end-users [6] - According to IDC's 2024 global survey, 53.4% of customers believe that hardware firewall products will account for more than half of their overall security solutions by 2030 [6][8] Future Growth Projections - The global firewall market is anticipated to have a compound annual growth rate (CAGR) of 10.41% from 2025 to 2030, with the market size expected to reach approximately $23.8 billion in 2025 and $39 billion by 2030 [9]

Industry Overview - The Chinese network isolation gateway (网闸) industry is transitioning from compliance-driven to value-driven, with a market size projected to reach approximately 213.5 billion yuan in 2024, reflecting a year-on-year growth of 7.39% [1][4][8] - The network isolation gateway is a network security device that enables high-security data exchange through physical isolation and data ferrying technology, ensuring complete physical separation of networks while allowing controlled data exchange [2][4] Industry Development History - The development of the Chinese network isolation gateway has evolved through three stages: 1. First generation: Single machine isolation card technology for basic network isolation and non-real-time data exchange 2. Second generation: Switch and shared storage architecture addressing real-time issues 3. Third generation: Dedicated switching channel technology providing high-performance secure tunnels [4][5] Industry Chain - The upstream of the network isolation gateway industry includes raw materials and components such as chips, PCBs, high-speed solid-state switches, and power modules, as well as software like operating systems and security algorithms [5][6] Market Size - The market for the network isolation gateway is expected to grow significantly, driven by increasing data value and stringent cybersecurity requirements, with a projected market size of 213.5 billion yuan in 2024 [1][4][8] Key Companies' Performance - The competitive landscape of the network isolation gateway industry is characterized by leading companies like Qihoo 360 and Venustech, which dominate the market due to their technological advantages and established presence in critical sectors [8][9] Industry Development Trends 1. The technology will evolve towards a hybrid architecture that combines software-defined and hardware-accelerated solutions, enabling dynamic network isolation strategies [11] 2. The core value of network isolation gateways is shifting from mere network isolation to becoming comprehensive data security exchange platforms, integrating data security capabilities throughout the data lifecycle [12] 3. Future competition will focus on ecosystem and system capabilities, with a need for deep industry-specific solutions and a shift towards domestic hardware and intelligent software integration [13]

Core Insights - The year 2025 has seen significant developments in the business landscape, with major companies like JD.com, ByteDance, and others making headlines for their innovative strategies and employee compensation initiatives [2] - The narrative emphasizes the dynamic nature of business, highlighting the importance of adaptability and innovation in a rapidly changing environment [2] Group 1: JD.com and Liu Qiangdong - Liu Qiangdong has made a strong public return in 2025, taking on the role of "Chief Experience Officer" and engaging directly with consumers through various initiatives [3][5] - His actions, such as cooking local dishes during live streams, signal a commitment to expanding JD.com's local service offerings and enhancing customer engagement [3][5] - Throughout the year, Liu has focused on employee welfare, announcing full social insurance coverage for delivery riders, thus redefining competition in the industry to include social responsibility [5][6] Group 2: Alibaba and Jiang Fan - Jiang Fan has returned to lead Alibaba's e-commerce division, focusing on integrating various business segments under a unified platform to enhance operational efficiency [7][9] - His strategy includes leveraging AI and real-time retail to drive growth, with significant improvements in user engagement and profitability reported [9] Group 3: Pop Mart and Wang Ning - Wang Ning has transformed Pop Mart into a leading player in the collectible toy market, with the LABUBU IP gaining significant popularity and driving stock prices to new highs [10][12] - Despite market concerns about sustainability, Pop Mart continues to innovate and expand its brand presence, including the introduction of luxury executives to its board [12] Group 4: AI and Yan Junjie - Yan Junjie, founder of MiniMax, has positioned the company as a leading player in the AI sector, focusing on high-efficiency algorithms and innovative approaches to model training [20][22] - MiniMax's recent IPO plans reflect its rapid growth and the increasing demand for AI solutions, with a strong emphasis on a youthful and efficient workforce [22][23] Group 5: Domestic Beauty and Zhao Yan - Zhao Yan of Huaxi Biological has been at the forefront of controversy and reform in the domestic beauty industry, actively addressing internal and external challenges [29][31] - Her leadership style emphasizes direct confrontation and accountability, aiming to reshape the company's culture and market position amidst ongoing scrutiny [31][32] Group 6: Old Puhuang and Xu Gaoming - Xu Gaoming's Old Puhuang brand has achieved remarkable sales performance, with projections indicating it may surpass major international luxury brands in revenue [33][34] - The brand's expansion into international markets, particularly Southeast Asia, marks a significant step in its growth strategy [36] Group 7: Live Streaming and Xin Ba - Xin Ba's decision to step back from live streaming reflects broader industry challenges, including personal health issues and shifts in business strategy [39][41] - The turmoil within his company highlights the transition of the live commerce sector from rapid growth to a more regulated and sustainable operational model [42]

Group 1 - The core viewpoint of the news highlights the performance of the Sci-Tech Innovation Artificial Intelligence ETF (589010), which is currently showing a steady upward trend with a 0.28% increase, indicating strong market interest and support near daily moving averages [1] - The ETF's constituent stocks are experiencing a bullish atmosphere, with notable gains from companies such as Xinghuan Technology (over 9% increase) and Lanke Technology (over 3% increase), along with several others rising over 1% [1] - The ETF demonstrates excellent liquidity and trading volume, with a turnover rate exceeding 7%, showcasing its role as an important tool for investing in the AI sector [1] Group 2 - Citic Construction Investment Securities suggests focusing on the application of AI large models in eyewear, which could enhance consumer purchasing desire through new experiences [2] - The report emphasizes the importance of technological breakthroughs in improving user experience, including advancements in full-color Micro-LED, two-dimensional array waveguides, lightweight components, and enhanced battery life, which can lead to more interactive scenarios and applications [2] - The Sci-Tech Innovation Artificial Intelligence ETF closely tracks the Shanghai Stock Exchange Sci-Tech Innovation Board AI Index, covering high-quality enterprises across the entire industry chain, benefiting from high R&D investment and policy support, with a 20% price fluctuation range aiding in capturing the "singularity moment" of the AI industry [2]