为确保董事会的规范运作，根据《公司法》《深圳证券交易所股票上市规则》《深圳证 券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》及《公司章程》等有 关规定，公司于 2025 年 12 月 9 日召开 2025 年第二次职工代表大会，经职工代表大会审 议，同意选举吴亚飚先生为公司第七届董事会职工代表董事，任期自本次职工代表大会选 举通过之日起至第七届董事会任期届满之日止。 1 证券代码：002212 证券简称：天融信 公告编号：2025-067 天融信科技集团股份有限公司 第七届董事会第二十九次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、会议召开情况 天融信科技集团股份有限公司（以下简称"公司"）第七届董事会第二十九次会议于 2025 年 12 月 10 日以通讯表决方式召开，会议通知于 2025 年 12 月 9 日以直接送达、电 子邮件等方式向全体董事发出，全体董事对会议通知发出时间无异议。公司应出席会议董 事 9 名，实际出席会议董事 9 名，会议由董事长李雪莹女士主持，公司高级管理人员列席 了本次会议。本次会议的召集和 ...

Core Viewpoint - The company is actively investing in new technologies and directions such as AI+security, intelligent computing cloud, trusted computing security, data security, cloud security, industrial internet security, vehicle networking security, and internet of things security, establishing a comprehensive security product system and integrated solutions for intelligent computing cloud [1] Group 1 - The company has formed a full-stack security product system covering "cloud, management, edge, and terminal" [1] - The company has achieved large-scale applications across multiple industries [1]

Group 1 - The company has collaborations with leading firms such as Huawei and Alibaba in areas like cybersecurity and data security [2] - Partnerships include joint promotion of domestic security products, smart cloud solutions, vulnerability detection, and compatibility certification [2] - Currently, the revenue from these collaborations constitutes a relatively small proportion of the company's overall revenue [2] Group 2 - The company's firewall, VPN, WAF, and EDR virtualization security products are now available on the Alibaba Cloud marketplace [2] - These products aim to provide cloud security assurance to customers [2]

Meeting Overview - The fourth extraordinary general meeting of shareholders for Tianrongxin Technology Group Co., Ltd. was held on December 8, 2025, with both on-site and online voting options available [1][2] - The meeting was convened by the company's board of directors and chaired by Chairwoman Li Xueying [2] Attendance - A total of 890 shareholders and their proxies attended the meeting, representing 74,178,205 shares, which is 6.2892% of the total voting shares [3] - Among the attendees, 3 shareholders voted on-site, representing 59,233,669 shares (5.0221%), while 887 shareholders voted online, representing 14,944,536 shares (1.2671%) [3] Proposal Voting Results - The meeting approved a proposal to amend the company's articles of association and governance systems, with 72,994,403 votes in favor, accounting for 98.4041% of the valid votes [6] - The proposal for the "Rules of Procedure for Shareholders' Meetings" received 67,462,045 votes in favor, representing 90.9459% [7] - The "Rules of Procedure for Board Meetings" was approved with 66,416,282 votes in favor, which is 89.5361% [8] - The "Management Measures for Related Party Transactions" proposal was supported by 67,456,445 votes, or 90.9384% [9] - The "Management System for Major Transactions" received 67,412,945 votes in favor, representing 90.8797% [10] - The "Management System for External Guarantees" was approved with 67,301,445 votes in favor, accounting for 90.7294% [11] - The "Working Rules for Independent Directors" received 66,400,082 votes in favor, which is 89.5143% [12] - The "Compensation Management System for Directors and Senior Management" was approved with 72,765,503 votes in favor, representing 98.0955% [13] Legal Opinion - The meeting's procedures, conveners, and voting results were confirmed to be in compliance with relevant laws and regulations by Guo Jia and Li Shasha from Guohao Law Firm (Guangzhou) [14]

2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 （一）会议召开时间： 证券代码：002212 证券简称：天融信 公告编号：2025-066 天融信科技集团股份有限公司 2025 年第四次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决提案的情形。 出席本次会议的股东和股东代理人共计 890 人，代表股份数量 74,178,205 股，占公司有表 决权股份总数的 6.2892%。其中：通过现场投票的股东及股东代理人 3 人，代表股份数量 1 1、现场会议召开时间：2025 年 12 月 8 日 14:30 2、网络投票时间：2025 年 12 月 8 日 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年12月8日9:15-9:25、 9:30-11:30和13:00-15:00；通过深圳证券交易所互联网投票的具体时间为：2025年12月8日9:15 至15:00期间的任意时间。 （二）现场会议召开地点：广东省汕头市金平区龙光世纪海岸 LCC 写字楼 6 栋 1407 （三） ...

北 京 上 海 深 圳 杭 州 广 州 昆 明 天 津 成 都 宁 波 福 州 西 安 南 京 南 宁 济 南 重 庆 苏 州 长 沙 太 原 武 汉 贵 阳 乌 鲁 木 齐 郑 州 石 家 庄 合 肥 海 南 青 岛 南 昌 大 连 银 川 拉 孜 香 港 巴 黎 马 德 里 斯 德 哥 尔 摩 纽 约 马 来 西 亚 柬 埔 寨 乌 兹 别 克 斯 坦 哈 萨 克 斯 坦 广州市天河区华夏路 32 号太平洋金融大厦 19 楼 邮编：510620 电话：(+86)(20) 3879 9346 、38799348 传真：(+86)(20) 3879 9348-200 国浩律师(广州)事务所 关于天融信科技集团股份有限公司 2025 年第四次临时股东会的法律意见 天融信科技集团股份有限公司： 根据中国证券监督管理委员会发布的《上市公司股东会规则》(以下简称《股 东会规则》)的要求，国浩律师(广州)事务所(以下简称"本所")接受天融信科 技集团股份有限公司(以下简称"天融信")的委托，指派郭佳、李莎莎律师(以 下简称"本所律师")出席天融信 2025 年第四次临时股东会(以下简称"本次股 东会")，对本次股东会的 ...

Core Viewpoint - The A-share market experienced its first significant adjustment after a slow bull run in November, with various brokerages providing research reports that serve as important guides for understanding company values and predicting future trends [2][9]. Group 1: Key Insights from Citic Securities - Citic Securities believes the market adjustment may present a good opportunity for building positions, with a focus on structural selection amid macroeconomic challenges [2][3]. - In November, Citic Securities covered 186 listed companies, with the highest target price increase for Great Wall Motors at 73.52%, indicating significant upside potential [3][5]. Group 2: High Target Price Companies from Huatai Securities - Huatai Securities identified seven major investment themes for 2026, with 27 companies having target price increases exceeding 50%, including SAIC Motor and China State Construction [7][8]. - Notably, Huatai Securities adjusted the target price for SMIC from 238 yuan to 196 yuan, still reflecting a 72.54% upside potential [7]. Group 3: Insights from Guotai Junan - Guotai Junan sees a favorable window for policy and liquidity in late 2025 to early 2026, with 23 companies having target price increases over 50%, led by Beijing Human Resources with a target price of 35.6 yuan [9][10]. - The company has seen a decline of 5.68% this year despite the bullish outlook [9]. Group 4: Focus on Baijiu Stocks from Huachuang Securities - Huachuang Securities maintains an optimistic long-term outlook, particularly for liquor stocks, with 10 companies having target price increases over 50%, including Kweichow Moutai with a target price of 2600 yuan [11][13]. - Kweichow Moutai has repurchased over 6 billion yuan worth of shares this year, indicating strong confidence in its future performance [11]. Group 5: Insights from Guotou Securities - Guotou Securities highlighted a structural shift in the A-share market, with 2 companies having target price increases over 50%, including Yunda Co. with a target price of 27.94 yuan [15][16]. - The firm anticipates significant profit recovery in wind turbine manufacturing due to rising prices [15]. Group 6: Insights from Dongfang Securities - Dongfang Securities covered 74 companies in November, with 3 having target price increases over 50%, including Aikodi with a target price of 30.5 yuan [17][21]. - The company is expected to expand its robot parts product matrix, projecting significant profit growth in the coming years [17].

数字水印概念资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 603636 | 南威软件 | -3.47 | 15.10 | -8989.94 | | 300352 | 北信源 | -1.01 | 2.59 | -4017.11 | | 002717 | ST岭南 | -2.72 | 4.98 | -3682.51 | | 002212 | 天融信 | 0.11 | 2.10 | -3655.20 | | 003029 | 吉大正元 | -2.82 | 4.62 | -3029.10 | | 300768 | 迪普科技 | -0.61 | 1.88 | -2585.43 | | 300166 | 东方国信 | -0.37 | 3.45 | -2459.66 | | 002268 | 电科网安 | -0.74 | 1.39 | -2131.49 | | 300449 | 汉邦高科 | -2.37 | 4.97 | -1751.54 | | 002228 | 合兴包装 | -1.65 | 7 ...

Core Insights - The report emphasizes the upward synchronization of performance cycles and technology cycles in the computer industry, driven by AI empowerment and structural improvements in fundamentals [1][2][3] - The computer sector is characterized as a "bull market leader," with a significant resonance between fundamentals and liquidity, reflecting strong market recognition of revenue expansion potential [3][20] - The report forecasts substantial growth in various AI applications, including AI Coding, AI in office software, AI in finance, network security, intelligent driving, and industrial software, indicating a broad market opportunity [3][11][12][13][14][16][17] Group 1: AI Applications - AI Coding is projected to reshape software development paradigms, with a global market value expected to grow from $6.7 billion in 2024 to $25.7 billion by 2030, reflecting a compound annual growth rate (CAGR) of 25.2% [3][11][12] - The Chinese AI code generation market is anticipated to expand from 6.5 billion RMB in 2023 to 33 billion RMB by 2028, with a CAGR of 38.4% [3][12] - AI in office software is expected to reach a market size of 30.86 billion RMB in 2024, growing to 191.14 billion RMB by 2028, with a CAGR of 57.75% [3][12] - The network security market is projected to grow to $1.6 billion by 2028, with a CAGR exceeding 230%, driven by the integration of AI technologies [3][14] - Intelligent driving technologies are evolving towards L3 commercial applications, with significant growth in high-speed NOA penetration from 8.7% to 35.7% between 2023 and 2025 [3][16] Group 2: Investment Recommendations - The report suggests focusing on companies involved in AI Coding, such as Zhuoyi Information, and those in AI office software like Kingsoft Office and Foxit Software [3][11][12] - In the AI finance sector, companies like Tonghuashun and Jiufang Zhitu are highlighted for their innovative applications [3][13] - For network security, firms such as Deepin and Anheng Information are recommended due to their advancements in AI-driven security solutions [3][14] - In the intelligent driving space, companies like Desay SV and Zhongke Chuangda are noted for their leadership in high-performance driving solutions [3][16] - Industrial software firms like Zhongkong Technology and Rongzhi Rixin are recognized for their contributions to AI-driven industrial transformations [3][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 "Data Interaction Method, Device, and Storage Medium," with authorization announcement number CN119814386B, and the application date is December 2024 [1] - Beijing Tianrongxin Network Security Technology Co., Ltd. was established in 1995, located in Beijing, and primarily engaged in software and information technology services, with a registered capital of 350 million RMB. The company has invested in 46 enterprises, participated in 5,000 bidding projects, holds 223 trademark records, and has 2,836 patent records, along with 5 administrative licenses [1] - Beijing Tianrongxin Technology Co., Ltd. was established in 2003, also located in Beijing, focusing on technology promotion and application services, with a registered capital of approximately 75.76 million RMB. The company has invested in 11 enterprises, participated in 500 bidding projects, holds 2 trademark records, and has 2,759 patent records, along with 5 administrative licenses [1] - Beijing Tianrongxin Software Co., Ltd. was established in 2012, located in Beijing, and primarily engaged in software and information technology services, 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 2,735 patent records, along with 4 administrative licenses [2]