Group 1 - The company has acknowledged its awareness of the 6G field but has not yet made significant investments or developments in this area [1]

Core Insights - The firewall industry in China is a critical component of the network security system, serving as the first line of defense for enterprises and individuals. The industry is characterized by a diverse range of listed companies, primarily concentrated in the upstream and midstream segments of the supply chain [1][5]. Group 1: Company Overview - Major companies in the firewall industry include Sangfor (300454.SZ), Tianrongxin (002212.SZ), Hillstone Networks (688030.SH), Deepin Technology (300768.SZ), Ruijie Networks (301165.SZ), Venustech (002439.SZ), Qihoo 360 (688561.SH), and NSFOCUS (300369.SZ) [1]. - The highest revenue in the firewall industry for 2024 is projected to be from Lenovo, with revenue reaching 114.77 billion yuan, followed closely by Inspur with the same revenue figure [4]. - The registered capital is highest for NSFOCUS, while Tianrongxin is the oldest company in the industry. Ruijie Networks has the most bidding information, totaling 7,141 entries [8]. Group 2: Revenue and Profitability - In terms of revenue from firewall-related business, Sangfor is expected to generate 3.629 billion yuan in 2024, ranking second in the domestic market for unified threat management. Qihoo 360 follows with an expected revenue of 2.653 billion yuan [9]. - The gross profit margin for representative companies in the firewall industry is projected to be around 60% in 2024, with Sangfor achieving the highest margin at 79.31% and Hillstone Networks at 71.97% [11]. Group 3: Business Layout - The firewall business layout of listed companies shows a combination of regional focus and nationwide outreach, with technological innovation and scenario deepening being key characteristics. Sangfor focuses on South China, covering over 30 countries and regions, while Qihoo 360 is centered in Beijing, targeting government and state-owned enterprises [13][15]. - Companies like Tianrongxin and Venustech are also focusing on specific sectors such as industrial internet and government services, respectively, to enhance their market presence [15]. Group 4: Business Planning - Future business plans for firewall companies emphasize technological iteration and scenario deepening. Sangfor aims to integrate network security with cloud computing and transition to a subscription model by 2026 [17]. - Qihoo 360 plans to allocate 25% of its R&D budget to encryption firewall research, while Tianrongxin is focusing on smart solutions for industrial firewalls [17].

Group 1 - Beijing Tianrongxin Network Security Technology Co., Ltd., Beijing Tianrongxin Technology Co., Ltd., and Beijing Tianrongxin Software Co., Ltd. have obtained a patent titled "Intrusion Detection Method and Electronic Device, Storage Medium," with authorization announcement number CN115603985B, applied for on September 2022 [1] - Beijing Tianrongxin Network Security Technology Co., Ltd. was established in 1995, located in Beijing, with a registered capital of 350 million RMB. The company has invested in 46 enterprises, participated in 5,000 bidding projects, holds 222 trademark records, and has 2,865 patent records, along with 5 administrative licenses [1] - Beijing Tianrongxin Technology Co., Ltd. was established in 2003, also located in Beijing, with a registered capital of approximately 75.76 million RMB. The company has invested in 11 enterprises, participated in 502 bidding projects, holds 2 trademark records, and has 2,788 patent records, along with 5 administrative licenses [1] - Beijing Tianrongxin Software Co., Ltd. was established in 2012, located in Beijing, with a registered capital of 50 million RMB. The company has invested in 1 enterprise, participated in 6 bidding projects, holds 0 trademark records, and has 2,764 patent records, along with 4 administrative licenses [2]

Group 1 - The company, Tianrongxin (002212.SZ), has stated that it has not yet learned from or adopted the ontology and FDE model of Palantir [1]

Group 1 - The company Tianrongxin (002212) has not yet established a presence in the GEO field [1] - The company is continuously monitoring research and application of new technologies and new scenarios [1]

Group 1 - The company has not yet established a presence in the GEO (Geospatial) field [1] - The company continues to focus on research and application of new technologies and scenarios [1]

证券日报网讯 1月19日，天融信在互动平台回答投资者提问时表示，公司推出知识问答、漏洞评估、情 报分析、告警研判、方案制定等多个安全领域能力的智能体专家，在运营商、金融等多个行业落地实 践，为客户提供7x24小时的虚拟化专家服务。 （文章来源：证券日报） ...

Core Viewpoint - The company has established technological reserves and layouts in the commercial aerospace security sector, anticipating that infrastructure development in this area will create more market opportunities, positively impacting its commercial aerospace security business, which currently constitutes a small portion of its revenue [1]. Group 1 - The company has a presence in the commercial aerospace security field [1] - Infrastructure development in commercial aerospace is expected to generate additional market opportunities [1] - The current revenue contribution from the commercial aerospace security business is relatively small [1]

Core Viewpoint - The company has been actively developing industrial internet security solutions since 2015, with plans to enhance its offerings through AI integration and a new intelligent operational platform by 2025 [2] Group 1: Company Developments - The company has launched 14 specialized industrial security products, including industrial firewalls and intrusion detection systems [2] - By 2025, the company aims to introduce an intelligent operational entity for industrial security, leveraging its intelligent computing cloud platform [2] Group 2: Future Strategies - The company plans to deepen the integration of artificial intelligence technology with industrial scenarios to improve security capabilities and operational efficiency [2] - Future applications will include industrial security intelligent entities and AI security assistants within industrial enterprises [2]

Group 1 - The company, Tianrongxin, plans to continuously expand its research and application of new technologies and scenarios in the commercial aerospace sector [2] - The company aims to provide comprehensive satellite internet security products and solutions for its clients [2]