Core Viewpoint - The company reported a revenue of 1.133 billion yuan for the first half of 2025, with a net profit growth of 48.78% year-on-year, indicating strong financial performance and effective cash flow management [1]. Group 1: Financial Performance - The company achieved a revenue of 1.133 billion yuan in the first half of 2025 [1]. - The net profit attributable to shareholders increased by 48.78% compared to the same period last year [1]. - The comprehensive gross profit margin improved by 3.4 percentage points year-on-year [1]. - The second quarter saw a strong cash inflow, addressing seasonal cash flow fluctuations [1]. Group 2: Strategic Collaboration with China Mobile - The company is a dedicated subsidiary of China Mobile, focusing on cybersecurity and supporting the national security strategy [1]. - It is actively involved in the "BASIC6" innovation plan of China Mobile, enhancing the integration of cloud and cybersecurity capabilities [1]. - The company collaborates with China Mobile to explore a customer market space exceeding 1 billion users, leveraging China Mobile's extensive user base [4]. Group 3: Technological Advancements - The company is utilizing AI and cloud computing resources from China Mobile to enhance its security solutions, including the development of the Taihe security model [2]. - It has established a comprehensive cloud security framework that improves the efficiency of intelligent computing infrastructure [2]. - The company has released a white paper on low-altitude economic data security, supporting high-quality development in this sector [3]. Group 4: Market Expansion - The company is expanding its personal and family security market offerings, achieving significant revenue and user engagement with its security cloud solutions [4]. - It has tailored security products for enterprise digital transformation needs, addressing network security challenges for businesses [4]. - The company aims to deepen its strategic collaboration with China Mobile to enhance its market presence in consumer-grade security products [4][5].

第六届董事会 2025 年第二次独立董事专门会议的审查意见 根据《上市公司独立董事管理办法》《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》等法律、行政法规、中国证券监督管理委 员会行政规章和规范性文件、深圳证券交易所相关规则及规定以及《公司章程》 《独立董事工作制度》等有关规定，启明星辰信息技术集团股份有限公司（以下 简称"公司"）于 2025 年 8 月 26 日召开第六届董事会 2025 年第二次独立董事专 门会议。独立董事认真审阅了关于中国移动通信集团财务有限公司（以下简称： 中移财务公司）的风险持续评估报告，基于独立客观的原则，对审议事项发表如 下审查意见： 中移财务公司具有合法有效的《金融许可证》及《营业执照》，建立了较为 完整合理的内部控制制度，能较好地控制风险；不存在违反《企业集团财务公司 管理办法》规定的情况，各项监管指标均符合该办法的相关规定要求，本公司与 中移财务公司之间开展金融业务风险可控。该报告结论客观、公正。为此，我们 同意将此事项提交公司董事会审议，同时关联董事应按规定回避表决。 独立董事：张国华、胡一闻、王峰娟 2025 年 8 月 26 日 启明星辰 ...

启明星辰信息技术集团股份有限公司 2025 年半年度报告全文 启明星辰信息技术集团股份有限公司 2025 年半年度报告 2025 年 8 月 1 启明星辰信息技术集团股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人袁捷、主管会计工作负责人王志勇及会计机构负责人(会计主 管人员)石桂君声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺， 投资者及相关人士均应当对此保持足够的风险认识，并且应当理解计划、预 测与承诺之间的差异。敬请广大投资者注意投资风险。 公司存在产品销售季节性风险、国家各项产业支持政策风险、运营管理 风险、信用风险、开展新业务不达预期的风险，敬请广大投资者注意投资风 险。详细内容见本报告"第三节 管理层讨论与分析 十、公司面临的风险和 应对措施"。 公司计划不派发现金红利，不送红股，不以公积金转增股 ...

Core Viewpoint - The information security equipment industry is experiencing robust growth driven by the acceleration of digital transformation and increasing demand for security solutions in various sectors, including government, finance, and telecommunications [1][14]. Industry Overview - Information security equipment includes hardware and software tools designed to protect computer systems, networks, and data from security threats, ensuring confidentiality, integrity, and availability [4]. - Key types of information security equipment include firewalls, intrusion detection systems, antivirus software, data encryption devices, and access control devices [4]. Industry Development History - The development of China's information security equipment industry has gone through four stages: local development before 1995, entrepreneurial development from 1995 to 2001, orderly development from 2002 to 2015, and high-quality development from 2016 to present [6]. - The current high-quality development phase is marked by the introduction of national cybersecurity strategies and laws, expanding the focus to include cloud protection, data security, and personal information protection [6]. Industry Chain - The upstream of the information security equipment industry chain consists of hardware and software suppliers, while the midstream includes research, design, manufacturing, and marketing [8]. - The downstream demand primarily comes from sectors with high information sensitivity, such as government, military, finance, telecommunications, and energy [8]. Market Size and Growth - The market size of China's information security equipment industry is projected to reach approximately 744.34 billion yuan in 2024, with hardware accounting for 391.18 billion yuan and software for 353.16 billion yuan [1][14]. - The industry is expected to enter a higher quality development phase driven by technological innovation and market demand [1][14]. Key Companies - Major companies in the information security equipment industry include Sangfor Technologies, Qihoo 360, Hillstone Networks, Tianrongxin, DP Technology, NSFOCUS, and others [2][16]. - Qihoo 360's revenue from security products is projected to be 2.653 billion yuan in 2024, focusing on network security solutions for government and enterprise clients [20]. Industry Trends - The industry is moving towards digitalization, with a focus on data lifecycle security and the integration of new security solutions such as encryption technology and privacy computing [22]. - The rise of networked environments, driven by 5G and IoT, is leading to a more complex threat landscape, necessitating collaborative and systematic security approaches [23]. - The integration of artificial intelligence in security devices is enhancing automated response capabilities and improving threat detection and prevention [24].

通过天眼查大数据分析，启明星辰信息技术集团股份有限公司共对外投资了10家企业，参与招投标项目 151次，知识产权方面有商标信息157条，专利信息324条，此外企业还拥有行政许可9个。 来源：金融界 启明星辰最新一期业绩显示，截至2025一季报，公司营业总收入6.41亿元、同比减少30.54%，归属净利 润159.71万元，同比增长101.41%，扣非净利润5147.11万元，同比减少7.47%，流动比率3.835、速动比 率3.583、资产负债率15.85%。 天眼查商业履历信息显示，启明星辰信息技术集团股份有限公司，成立于1996年，位于北京市，是一家 以从事软件和信息技术服务业为主的企业。企业注册资本121140.0205万人民币，实缴资本5690万人民 币。公司法定代表人为袁捷。 金融界消息 截至2025年8月22日收盘，启明星辰（002439）报收于17.13元，上涨2.15%，换手率 5.71%，成交量41.40万手，成交金额7.03亿元。 资金流向方面，今日主力资金净流入5032.31万元，占比成交额7.15%。其中，超大单净流入2812.96万 元、占成交额4.0%，大单净流入2219.35万元 ...

Investment Rating - The report does not explicitly state an investment rating for the industrial firewall industry Core Insights - The industrial firewall has become a core security device in key industries such as electricity and petrochemicals, playing a crucial role in addressing network threats like ransomware and APT attacks, ensuring production continuity and the stable operation of critical infrastructure [7][43] - The market for industrial firewalls in China is characterized by a clear tiered competitive landscape, with Qiming Star holding a market share of 35.9%, followed by challengers like Venustech, Tianrongxin, and Qihoo 360, while companies like Sixiangyun are in the follower tier [8][53] Summary by Sections Industry Overview - The research aims to systematically deconstruct the industrial firewall ecosystem, revealing its strategic value as a network security infrastructure and providing a decision-making framework for the industry to grasp the wave of digital security upgrades [3] Industry Applications - Industrial firewalls are primarily applied in three scenarios within industrial control systems: inter-layer security protection (50%), intra-layer network security (30%), and device-level protection (20%) [21][26] Market Competition Landscape - The competitive landscape of the industrial firewall market in China is clearly tiered, with Qiming Star leading with a market share of 35.9%, while Venustech, Tianrongxin, and Qihoo 360 are in the challenger tier [8][53] Industry Analysis - The demand for industrial firewalls is driven by new factory deployments, economic benefits from renewable energy projects, equipment upgrades, domestic substitution policies, compliance requirements, and the expansion of enterprise needs [61][67] - The development trends in the industrial firewall sector include a shift towards multi-protocol deep detection and AI empowerment, enhancing defense efficiency against network threats [68][72]

Group 1 - The company Kevin Education (002659) signed a strategic cooperation agreement with Loongson Technology in 2023 to deepen collaboration in the education sector, focusing on the cultivation of talent in integrated circuits and information technology innovation applications [1] - In November 2023, the company, along with Loongson Technology, Qihoo 360 (002439), and Baidu, signed a school-enterprise cooperation agreement at Zhengzhou Shengda Economic Management College to jointly establish the "Shengda Emerging Technology Modern Industry College" [1]

格隆汇8月7日丨启明星辰(002439.SZ)于投资者互动平台表示，公司海外业务目前还没有出口欧盟国 家。 ...

Group 1 - The tobacco sector saw an increase of 1.53%, ranking 8th among concept sectors, with 32 stocks rising, including a limit-up for Kain Co., and significant gains for Huichen Co., Xiangyi Rongtong, and Qiming Star, which rose by 8.32%, 6.01%, and 4.45% respectively [1][2] - The tobacco sector experienced a net inflow of 239 million yuan from main funds, with 16 stocks receiving net inflows, and 5 stocks exceeding 10 million yuan in net inflow, led by Qiming Star with a net inflow of 137 million yuan [2][3] - Kain Co., Zhongke Information, and Guanhao High-tech had the highest net inflow ratios at 32.04%, 13.49%, and 13.09% respectively [3][4] Group 2 - The top gainers in the tobacco sector included Qiming Star, Zhongke Information, Kain Co., and Huichen Co., with respective daily gains of 4.45%, 4.33%, 9.96%, and 8.32% [3][4] - The stocks with the largest declines included Yuanwanggu, Yaxiang Co., and Changrong Co., which fell by 4.24%, 2.35%, and 2.11% respectively [1][5] - The overall market performance showed a mixed trend with various sectors experiencing both gains and losses, indicating a diverse investment landscape [2][5]

Core Insights - The stock price of Qimingxingchen (启明星辰) closed at 16.65 yuan on August 1, 2025, with a 4.45% increase and a turnover rate of 10.2% [1] - The company reported a total revenue of 641 million yuan for Q1 2025, a year-on-year decrease of 30.54%, while net profit attributable to shareholders was 1.60 million yuan, a year-on-year increase of 101.41% [1] Financial Performance - Total revenue for Q1 2025: 6.41 billion yuan, down 30.54% year-on-year [1] - Net profit attributable to shareholders: 159.71 million yuan, up 101.41% year-on-year [1] - Non-recurring net profit: 514.71 million yuan, down 7.47% year-on-year [1] - Current ratio: 3.835, quick ratio: 3.583, debt-to-asset ratio: 15.85% [1] Market Activity - Main capital inflow on the reporting day was 162 million yuan, accounting for 13.35% of the total transaction amount [1] - Large orders saw a net inflow of 62.42 million yuan, representing 5.16% of the total transaction amount [1] - Small orders experienced a net outflow of 124.05 million yuan, accounting for 10.25% of the total transaction amount [1] Company Overview - Qimingxingchen Information Technology Group Co., Ltd. was established in 1996 and is based in Beijing, primarily engaged in software and information technology services [2] - The company has invested in 10 enterprises and participated in 145 bidding projects [2] - The company holds 157 trademark registrations and 324 patents, along with 9 administrative licenses [2]