Group 1 - The core point of the article is that Shengbang Security (688651) announced a government subsidy of 1.5 million yuan, which is 35.92% of the company's audited net profit for the most recent fiscal year, and this is expected to have a positive impact on the company's operating performance [1] Group 2 - The government subsidy received by the subsidiary Beijing Tianyu Cloud Security Technology Co., Ltd. is related to revenue [1] - The amount of the subsidy is significant in relation to the company's recent financial performance, indicating potential for improved profitability [1] - The announcement highlights the importance of government support in enhancing the financial health of companies in the industry [1]

二、补助的类型及其对上市公司的影响 根据《企业会计准则第 16 号——政府补助》的相关规定，上述补助确认为与收 益相关的政府补助，预计对公司经营业绩产生一定积极影响。上述政府补助数据未 经审计，具体的会计处理以及对公司损益的影响须以审计机构年度审计确认后的结 果为准。敬请广大投资者注意投资风险。 远江盛邦安全科技集团股份有限公司 获得政府补助的公告 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、获得补助的基本情况 远江盛邦安全科技集团股份有限公司（以下简称"公司"）控股子公司北京天 御云安科技有限公司（以下简称"天御云安"）近日收到与收益相关的政府补助款 150万元，占公司最近一个会计年度经审计净利润的比例为35.92%。上述政府补助与 公司日常经营活动有关。 证券代码：688651 证券简称：盛邦安全 公告编号：2025-036 特此公告。 远江盛邦安全科技集团股份有限公司董事会 2025 年 12 月 3 日 ...

Core Viewpoint - The company Shengbang Security (688651.SH) announced that its subsidiary, Beijing Tianyu Cloud Security Technology Co., Ltd. (referred to as "Tianyu Cloud Security"), received a government subsidy of 1.5 million yuan, which accounts for 35.92% of the company's audited net profit for the most recent fiscal year [1] Group 1 - The government subsidy is related to the company's daily operational activities [1]

格隆汇12月2日丨盛邦安全(688651.SH)公布，公司控股子公司北京天御云安科技有限公司（简称"天御 云安"）近日收到与收益相关的政府补助款150万元，占公司最近一个会计年度经审计净利润的比例为 35.92%。上述政府补助与公司日常经营活动有关。 ...

Core Viewpoint - The rapid evolution of satellite internet and AI technologies is expanding the communication landscape, leading to a transition in the cybersecurity industry from "passive response" to "proactive defense," creating a trillion-level "big security" market opportunity [1] Group 1: Strategic Upgrade and Market Positioning - The core consideration for the strategic upgrade is the increasingly fierce competition in the traditional cybersecurity market, prompting the company to position itself as a new type of cybersecurity firm focusing on emerging fields like satellite internet and AI [2] - The company differentiates itself through two main characteristics: focusing on user scenario pain points with a "productization" approach and adhering to a "long-termism" strategy that aligns with its development pace [2] - Since 2021, the company has been steadily investing in research and development in the satellite internet sector, building a comprehensive security product system that covers satellite, base station, system, and terminal [2] Group 2: AI Integration and Product Development - The company is not following trends blindly in the AI sector but is instead integrating AI technology deeply into its core business scenarios, such as the DaydayMap platform that incorporates AI capabilities for enhanced security [3] - The recent development of a 200G high-speed link encryption gateway addresses key security pain points, achieving encryption latency of less than 3 microseconds, which supports real-time data transmission for applications like AI training and high-frequency trading [5] Group 3: Market Opportunities and Competitive Landscape - The acceleration of global low-orbit satellite constellation deployment positions satellite internet security as a new billion-level market, with future competition requiring a collaborative ecosystem approach rather than isolated efforts [4] - The company aims to leverage its first-mover advantage to secure long-term market share by focusing on core technology development, patent layout, and customized service offerings [4] Group 4: R&D Philosophy and Technical Barriers - The company adheres to a "two precision and one depth" R&D philosophy, emphasizing precise detection and defense capabilities as core strengths in addressing complex security challenges [6] - By deeply understanding industry pain points and integrating general security capabilities with specific scenario characteristics, the company creates differentiated solutions that enhance its technical barriers and meet customer needs [6] Group 5: Future Growth and Globalization - The company is positioned to lead in emerging fields like satellite internet security and computing power security over the next 3-5 years, with a focus on stabilizing core business, expanding new market segments, and globalizing its product offerings [7]

计算机行业 行业研究 | 动态跟踪 太空算力未来可期，关注核心收益环节 核心观点 投资建议与投资标的 我们认为 AI 算力以及卫星信息基础设施相关标的都有望受益太空算力的发展： AI 算力：海光信息(688041，买入)、寒武纪-U(688256，未评级)； 卫星基础设施：中科星图(688568，未评级)、佳缘科技(301117，未评级)、航天宏图 (688066，增持)、盛邦安全(688651，未评级)。 风险提示 研发进展不及预期； 商业化进展不及预期。 国家/地区 中国 行业 计算机行业 报告发布日期 2025 年 12 月 02 日 看好（维持） | 陈超 | 执业证书编号：S0860521050002 | | --- | --- | | | chenchao3@orientsec.com.cn | | | 021-63326320 | | 浦俊懿 | 执业证书编号：S0860514050004 | | | pujunyi@orientsec.com.cn | | | 021-63326320 | | 宋鑫宇 | 执业证书编号：S0860524090002 | | | songxinyu@orient ...

Market Overview - The software development sector increased by 0.93% on November 28, with Yongxin Zhicheng leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Top Performers - Yongxin Zhicheng (688244) closed at 24.66, up 20.00% with a trading volume of 153,200 shares and a transaction value of 356 million [1] - Guotou Intelligent (300188) closed at 16.59, up 7.45% with a trading volume of 788,500 shares [1] - Weide Information (688171) closed at 50.98, up 6.52% with a trading volume of 19,100 shares [1] Underperformers - ST Lifan (300344) closed at 3.36, down 5.62% with a trading volume of 636,900 shares [2] - Yingfang Software (688435) closed at 53.48, down 4.50% with a trading volume of 63,800 shares [2] - Jinchengzi (688291) closed at 36.90, down 3.30% with a trading volume of 72,400 shares [2] Capital Flow - The software development sector saw a net inflow of 211 million from main funds, while retail investors experienced a net outflow of 180 million [2][3] - Guotou Intelligent had a main fund net inflow of 231 million, but retail investors saw a net outflow of 153 million [3] - Yongxin Zhicheng experienced a main fund net inflow of 76.87 million, with retail investors facing a net outflow of 39.56 million [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 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、准确性和完整性承担法律责任。 重要内容提示： ● 会议召开时间：2025年12月4日(星期四)上午10:00-11:00 ●会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 ● 投资者可于2025年11月27日（星期四）至12月3日（星期三）16:00前登录上证路演中心网站首页点 击"提问预征集"栏目或通过公司邮箱ir_public@webray.com.cn进行提问。公司将在说明会上对投资者普 遍关注的问题进行回答。 远江盛邦安全科技集团股份有限公司（以下简称"公司"）已于2025年10月30日发布公司《2025年第三季 度报告》，为便于广大投资者更全面深入地了解公司2025年第三季度经营成果、财务状况，公司计划于 2025年12月4日上午10:00-11:00举行2025年第三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络 ...

关于召开 2025 年第三季度业绩说明会的公告 证券代码：688651 证券简称：盛邦安全 公告编号：2025-035 远江盛邦安全科技集团股份有限公司 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、准确性和完整性承担法律责任。 远江盛邦安全科技集团股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公司《2025 年第三季度报告》，为便于广大投资者更全面深入地了 解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 12 月 4 日上 午 10:00-11:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交 流。 重要内容提示： 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 会议召开时间：2025 年 12 月 4 日(星期四)上午 10:00-11:00 二、说明会召开的时间、地点 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 ...

Core Viewpoint - Shengbang Security's stock price increased by 5.17% to 37.45 CNY per share, with a total market capitalization of 2.824 billion CNY as of November 24 [1] Company Overview - Shengbang Security Technology Group Co., Ltd. was established on December 7, 2010, and went public on July 26, 2023. The company is located in Haidian District, Beijing [1] - The main business activities include research, production, sales of information security products, and providing professional information security services. The revenue composition is as follows: 77.56% from cybersecurity products and services, 16.23% from cyberspace mapping, 6.11% from satellite internet security, and 0.09% from other sources [1] Shareholder Information - Changcheng Fund's Changcheng Jiujia Innovation Growth Mixed A Fund (004666) is among the top ten circulating shareholders of Shengbang Security. In the third quarter, it increased its holdings by 200,000 shares, totaling 1.7 million shares, which represents 5.24% of the circulating shares. The estimated floating profit today is approximately 3.128 million CNY [2] - The Changcheng Jiujia Innovation Growth Mixed A Fund was established on July 5, 2017, with a latest scale of 1.974 billion CNY. Year-to-date returns are 24.66%, ranking 2658 out of 8209 in its category; the one-year return is 22.62%, ranking 2597 out of 8129; and since inception, the return is 102.39% [2] Fund Management - The fund manager of Changcheng Jiujia Innovation Growth Mixed A Fund is You Guoliang, who has been in the position for 6 years and 34 days. The total asset size of the fund is 4.262 billion CNY. The best fund return during his tenure is 123.38%, while the worst return is -15.93% [3]