第五届董事会第十八次临时会议决议公告 具体内容详见巨潮资讯网（www.cninfo.com.cn）刊登的公司《2025年第一 季度报告》。 本议案已经董事会审计委员会审议通过。 证券代码:300352 证券简称:北信源 公告编号：2025-038 北京北信源软件股份有限公司 第五届董事会第十八次临时会议决议公告 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。 北京北信源软件股份有限公司（以下简称"公司"）第五届董事会第十八次 临时会议于2025年4月28日（星期一）下午13:30以现场结合通讯方式召开。本次 会议的通知及会议资料已于2025年4月25日以电子邮件、专人送达的形式通知全 体董事、监事和高级管理人员。会议由公司董事长林皓先生主持，会议应出席董 事7人，实际出席董事7人。公司监事、高级管理人员列席了会议, 会议由公司董 事长林皓先生主持。 本次会议符合《中华人民共和国公司法》和《公司章程》以及有关法律、法 规的规定，经参加会议的董事认真审议通过如下议案： 一、审议通过《关于2025年第一季度报告的议案》 经审议，董事会编制和审核的《2025年第一季度 ...

国投证券股份有限公司 关于北京北信源软件股份有限公司 部分募集资金投资项目延期的核查意见 国投证券股份有限公司（以下简称"国投证券"或"保荐机构"）作为北京 北信源软件股份有限公司（以下简称"北信源"或"公司"）非公开发行股票持 续督导的保荐机构，根据《证券发行上市保荐业务管理办法》《上市公司监管指 引第 2 号——上市公司募集资金管理和使用的监管要求》《深圳证券交易所创业 板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上 市公司规范运作》等有关规定，对北信源部分募集资金投资项目延期的事项进行 了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准北京北信源软件股份有限公司非公开 发行股票的批复》（证监许可〔2016〕987 号）核准，公司非公开发行股票 66,500,000 股，发行价格为 18.98 元/股，募集资金总额 1,262,170,000.00 元，扣除承销费、 保荐费、验资费、律师费等发行费用 25,299,060.00 元后，实际募集资金净额为 1,236,870,940.00 元，上述募集资金已于 2016 年 10 月 31 日汇入公司 ...

Financial Performance - The company's revenue for Q1 2025 was ¥61,637,996.68, a decrease of 52.71% compared to ¥130,350,758.76 in the same period last year[5] - The net loss attributable to shareholders was ¥52,822,515.94, representing a decline of 1,901.07% from a profit of ¥2,932,843.83 in the previous year[5] - Basic and diluted earnings per share were both -¥0.0364, a decrease of 1,920.00% from ¥0.0020 in the same period last year[5] - Net loss for Q1 2025 was ¥53,590,548.57, compared to a net profit of ¥2,247,154.85 in Q1 2024[20] - Total operating revenue for Q1 2025 was ¥61,637,996.68, a decrease of 52.7% compared to ¥130,350,758.76 in the same period last year[19] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥3,986,629.60, a significant increase of 104.13% compared to a negative cash flow of ¥96,607,966.99 in the prior year[5] - The company reported a total cash balance of ¥81,089,531.74 as of March 31, 2025, a decrease from ¥82,122,131.23 at the beginning of the period[15] - Operating cash inflow for the current period was $139.21 million, down 29.7% from $198.24 million in the previous period[23] - Net cash outflow from operating activities was $3.99 million, a significant improvement from a net outflow of $96.61 million in the previous period[23] - The net increase in cash and cash equivalents was $3.47 million, a recovery from a net decrease of $43.71 million in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,124,289,167.49, down 2.06% from ¥2,168,892,089.69 at the end of the previous year[5] - Total liabilities increased to ¥787,737,252.08 in Q1 2025 from ¥778,702,151.11 in Q1 2024[17] - Accounts receivable decreased to ¥534,356,057.12 from ¥573,521,345.71, indicating a reduction of approximately 6.8%[15] - Inventory levels were reported at ¥294,463,915.14, down from ¥308,625,951.49, reflecting a decline of about 4.5%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 96,129, with no preferred shareholders[9] - The largest shareholder, Lin Hao, holds 15.17% of the shares, amounting to 219,971,355 shares, with 52,310,000 shares pledged[9] - The top shareholder, Lin Hao, holds 54,992,839 shares, representing a significant portion of the company's equity[10] - The company has a total of 6,638,500 shares held by Zhu Xueping, accounting for 0.46% of the total shares outstanding[10] Research and Development - The company's R&D expenses increased by 67.88% to ¥24,285,579.01, reflecting a higher investment in research and development[7] - Research and development expenses for Q1 2025 were ¥32,940,405.78, down from ¥36,243,657.54 in the previous year, reflecting a focus on cost control[19] Other Income and Expenses - The company reported a significant decrease in other income, which fell by 93.38% to ¥330,167.82, primarily due to reduced government subsidies and tax refunds[7] - Total operating costs for Q1 2025 were ¥117,251,249.42, slightly down from ¥123,510,107.47 year-over-year[19] Future Outlook and Strategy - The company is exploring new strategies for market expansion and product development to improve future performance[19] - The company has not reported any new product launches or technological advancements during this period[14] - There are no indications of market expansion or mergers and acquisitions in the recent financial disclosures[14] Compliance and Standards - The company did not undergo an audit for the first quarter report[25] - The company plans to implement new accounting standards starting from 2025[25]

Core Viewpoint - The company, Beixin Source (300352.SZ), a leader in the domestic terminal security management sector, reported significant financial losses in 2024, with a revenue decline of 24.31% and a net loss of 1.45 billion yuan, marking a shift from profit to loss [1][2][7] Financial Performance - In 2024, Beixin Source achieved a revenue of 517 million yuan, down from the previous year, with a net profit loss of 1.45 billion yuan, a decrease of 2298.34% year-on-year [2][7] - The company's net profit excluding non-recurring items was a loss of 1.46 billion yuan, reflecting a decline of 4836.5% compared to the previous year [2][7] - Revenue from key sectors such as finance, military, government, and energy saw declines of 28.31%, 5.92%, 33.25%, and 7.51% respectively [7] Industry Segmentation - Revenue contributions from the four major sectors in 2024 were as follows: finance (39.78 million yuan), military (96.94 million yuan), government (180 million yuan), and energy (61.84 million yuan), with respective proportions of 7.7%, 18.76%, 34.77%, and 11.97% of total revenue [7] - The gross margins in military and government sectors decreased significantly, with military at 46.16% (down 32.23 percentage points) and government at 48.06% (down 31.2 percentage points) [7] Capital Raising Initiatives - Beixin Source announced a new round of private placement to raise up to 477 million yuan, aimed at funding projects related to AI security and intelligent emergency response [1][9] - The company plans to invest 308 million yuan in the AI security project and 248 million yuan in the emergency response platform [9] - This marks the first capital increase in eight years, with the last one in 2016 raising 1.262 billion yuan [10] Historical Context - Beixin Source has faced profitability challenges over the years, with net profits fluctuating and the company reporting its first loss in 2021 [3][7] - Since 2021, the company has not distributed dividends, reflecting ongoing financial pressures [10]

4月20日晚间北信源发布2025年度向特定对象发行股票预案。 本次向特定对象发行股票采用竞价方式，本次向特定对象发行的定价基准日为发行期首日，发行价格不 低于定价基准日前20个交易日公司股票交易均价的80%。 本次发行的股票种类为境内上市人民币普通股（A股），每股面值为人民币1.00元。本次发行的股票将 在深圳证券交易所创业板上市交易。本次向特定对象发行的股票数量按照募集资金总额除以发行价格确 定，且不超过本次发行前总股本的30%，即不超过434，947，226股（含本数）。 本次募集资金总额不超过人民币47，733.04万元（含本数），在扣除相关发行费用后的募集资金净额拟 投资于信源密信安全AI基座项目、智能应急响应平台研发项目。 分红缺失与实控人减持套现 另一方面，公司成本或暴露相关管理问题。数据显示，军工客户成本激增134%，政府项目成本上升 67%，导致营业成本同比增加33.19%，远超收入降幅（-24.31%）。 此外，公司经营性现金流连续两年为负，2024年净流出7261万元，同比恶化200.87%； 应收账款周转率0.89次：账期长达409天，5.17亿元营收中2.1亿元为应收账款，存在坏账风险 ...

中国经济网北京4月21日讯北信源（300352）(300352.SZ)昨晚披露《公司2025年度向特定对象发行股票 预案》称，本次发行对象为符合中国证监会、深交所规定的证券投资基金管理公司、证券公司、信托公 司、财务公司、保险机构投资者、合格境外机构投资者、人民币合格境外机构投资者，以及符合中国证 监会、深交所规定的其他法人、自然人或其他合法投资组织，发行对象不超过35名(含)。证券投资基金 管理公司、证券公司、合格境外机构投资者、人民币合格境外机构投资者以其管理的二只以上产品认购 的，视为一个发行对象。信托公司作为发行对象的，只能以自有资金认购。本次发行的所有发行对象均 以人民币现金方式并以同一价格认购公司本次发行的股票。 本次向特定对象发行股票采用竞价方式，本次向特定对象发行的定价基准日为发行期首日，发行价格不 低于定价基准日前20个交易日公司股票交易均价的80%。 本次发行的股票种类为境内上市人民币普通股(A股)，每股面值为人民币1.00元。本次发行的股票将在 深圳证券交易所创业板上市交易。本次向特定对象发行的股票数量按照募集资金总额除以发行价格确 定，且不超过本次发行前总股本的30%，即不超过434, ...

Group 1 - The core viewpoint of the news is the disclosure of institutional and public fund holdings in Beixin Source (300352.SZ) as of April 20, 2025, indicating a decrease in holdings by major institutional investors compared to the previous quarter [1] - A total of 71 institutional investors hold shares in Beixin Source, with a combined holding of 66.0067 million shares, representing 4.55% of the total share capital [1] - The top ten institutional investors account for 4.23% of the total shares, showing a decline of 1.04 percentage points from the previous quarter [1] Group 2 - In the public fund sector, four funds reported a decrease in holdings compared to the previous quarter, with a reduction rate of 0.56% [2] - A total of 65 new public funds disclosed their holdings during this period, including several notable funds such as the Fuguo CSI 1000 ETF and the Zhaoshang CSI 1000 Enhanced Index A [2] - From the foreign investment perspective, one foreign fund, Hong Kong Central Clearing Limited, increased its holdings, accounting for a rise of 0.79% [2]

Core Viewpoint - The company is a leading provider in the domestic terminal security management field, offering comprehensive information security solutions that support national strategies for information technology innovation and security [3][4]. Company Overview - The company is recognized as a leader in terminal security management and a prominent solution provider in the network and information security sector, serving critical industries such as government, military, finance, and energy [3][4]. - The company has developed a complete ecosystem of information security products and solutions, focusing on three main areas: information security and innovation, high-security communication, and national defense intelligence [3][4]. Main Business and Product Introduction Information Security and Innovation - The company has established a "pan-terminal" security management system that integrates various types of terminals, enhancing network security management capabilities [5][6]. - The company has launched a new integrated internal network security management platform that addresses compatibility issues among different security systems, improving user experience [5][6]. High-Security Communication and Mobile Office - The company has developed a secure instant communication platform, "Xinyuan Mixin," which supports various applications and enhances digital transformation for government and enterprise clients [23][24]. - The platform employs advanced security measures, including end-to-end encryption and multi-dimensional protection, ensuring data confidentiality during transmission and storage [24][25]. National Defense Intelligence and Ecological Construction - The company is addressing complex security challenges in national defense by integrating intelligent security management systems that utilize advanced technologies such as AI and blockchain [36][37]. - The company has implemented a multi-layered defense mechanism for military facilities, enhancing security through real-time monitoring and intelligent decision-making [37][38]. Financial Audit and Reporting - The company received a standard unqualified audit opinion from its accounting firm, indicating a stable financial position [2]. - The company has not declared any cash dividends or stock bonuses for the reporting period, focusing on reinvestment for growth [2]. Strategic Development - The company is committed to aligning its product offerings with national strategies for information security and innovation, actively participating in the development of a secure and reliable ecosystem for information technology [8][19]. - The company is expanding its product matrix to include a comprehensive range of security solutions that cover the entire lifecycle of data protection, from storage to transmission and application [19][20].

Core Viewpoint - Despite increasing policy emphasis on cybersecurity, Beixin Source (300352.SZ) experienced a significant decline in performance for 2024, with revenue dropping by 24.31% and a net loss of 145 million yuan [1][2]. Financial Performance - In 2024, Beixin Source reported revenue of 517 million yuan, a decrease of 24.31% year-on-year [2]. - The company's net profit attributable to shareholders turned into a loss of 145 million yuan, contrasting with previous years of profitability [1][2]. - The overall gross margin fell from 74.76% in 2023 to 55.59% in 2024, reflecting a nearly 20 percentage point decline [2]. - Revenue from government clients decreased from 39.43% in 2023 to 34.77% in 2024, with a year-on-year decline of 33.25% [2]. - Revenue from the financial sector also saw a decline of 28.31% [2]. - Operating costs increased by 33.19%, with significant rises in costs associated with government (67.17%), military (134.42%), and financial clients (13.51%) [2]. Dividend Policy - As of December 31, 2024, Beixin Source reported an accumulated deficit of 407 million yuan and announced that it would not distribute cash dividends or issue bonus shares for the year [3]. Fundraising and Investment Plans - Beixin Source plans to raise up to 477 million yuan through a private placement, targeting projects related to "Xinyuan Mixin Security AI Base" and "Intelligent Emergency Response Platform" [4]. - The total investment for these projects is approximately 555 million yuan [4]. - The "Xinyuan Mixin" is designed for government, military, and state-owned enterprise clients, offering a secure instant communication platform with various functionalities [5][6]. Market Positioning - Beixin Source emphasizes that its "Xinyuan Mixin" product has superior confidentiality and business capacity compared to other instant messaging products from major internet companies [6]. - The company plans to expand into the consumer market by developing standardized product forms to meet individual user needs for communication security and privacy protection [6].

Group 1: Market Overview - US stock index futures fell on Monday, and the US dollar index dropped below 99.00 for the first time since April 2022 [2] - Trump hinted at a desire to lower tariffs on China, suggesting a potential agreement within a month [2] - The domestic stock market is being supported by government efforts to stabilize the market and promote healthy development in the real estate sector [5][11] Group 2: Company Developments - MP Materials has ceased exporting rare earth concentrates to China, which may lead to a tightening of domestic supply and a potential increase in overseas rare earth prices [4][12] - Tesla's production of the low-cost Model Y may be delayed until next year, with significant sales declines reported in Europe, particularly in Germany, Denmark, and Sweden, where sales fell over 50% [3] - The first quarter saw significant profit increases for several companies, including: - Cambrian Technology with a net profit of 355 million yuan, turning a profit year-on-year [16] - Zhongji Xuchuang with a net profit of 1.583 billion yuan, up 56.83% year-on-year [16] - Zhengdan Co. with a net profit of 389 million yuan, a 558.59% increase year-on-year [16] Group 3: Industry Trends - The consumer electronics industry is experiencing a recovery, driven by demand for passive components like MLCCs, with prices rising due to increased orders and low inventory levels [13] - The humanoid robot industry is gaining traction, with the first humanoid robot half-marathon held in Beijing, showcasing advancements in robotics and potential market expansion [14] - The AI sector is driving demand for passive components, with projections indicating that the demand for MLCCs in AI applications will grow at an annual rate exceeding 30% by 2030 [13]