Core Viewpoint - The stock of Beijing Beixin Source Software Co., Ltd. has shown fluctuations in trading activity, with a notable increase in share price and significant changes in institutional holdings, reflecting the company's current financial challenges and market positioning [1][2][3]. Group 1: Stock Performance - On November 14, the stock price increased by 2.05%, reaching 5.97 CNY per share, with a trading volume of 1.08 billion CNY and a turnover rate of 1.45%, resulting in a total market capitalization of 86.55 billion CNY [1]. - Year-to-date, the stock price has risen by 13.07%, with a slight increase of 0.51% over the last five trading days, a 7.76% increase over the last 20 days, and a marginal increase of 0.67% over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent occurrence on August 21, where it recorded a net purchase of 243 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, the company reported a revenue of 116 million CNY, representing a significant year-on-year decrease of 69.30%, while the net profit attributable to shareholders was -166 million CNY, a decrease of 249.84% [2]. - Cumulatively, the company has distributed 117 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 3: Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 5.05% to 95,100, with an average of 13,422 circulating shares per person, which increased by 5.32% [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 15.12 million shares, an increase of 7.80 million shares compared to the previous period [3].

Core Viewpoint - The stock of Beijing Beixin Source Software Co., Ltd. has experienced fluctuations, with a recent decline of 2.03% and a year-to-date increase of 9.85%, indicating volatility in market performance [1][2]. Company Overview - Beijing Beixin Source Software Co., Ltd. was established on May 28, 1996, and went public on September 12, 2012. The company specializes in the research, production, sales, and technical services of information security software products, serving key sectors such as government, military, finance, and energy [2]. - The company's revenue composition includes software products (51.85%), technical services (22.30%), system integration (16.47%), and others (9.37%) [2]. - The company is categorized under the computer software development industry, focusing on vertical application software, and is associated with concepts such as digital watermarking, ChatGPT, online office, information security, and situational awareness [2]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 116 million yuan, a year-on-year decrease of 69.30%, and a net profit attributable to shareholders of -166 million yuan, a year-on-year decrease of 249.84% [2]. - The company has distributed a total of 117 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 5.05% to 95,100, with an average of 13,422 circulating shares per person, an increase of 5.32% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder, holding 15.12 million shares, an increase of 7.80 million shares from the previous period [3].

Core Viewpoint - The company Beixin Source (300352.SZ) has received a funding notification from the Beijing Municipal Science and Technology Commission and the Zhongguancun Science Park Management Committee for the development and demonstration application of a multilingual end-to-end voice translation platform, amounting to 5 million yuan [1] Group 1 - The funding received by the company is specifically for the "Central Guidance Local Special Project" related to the multilingual end-to-end voice translation platform [1] - The project funding is provided in cash form and has already been credited to the company's account [1] - Although the funding is related to the company's regular production and operational activities, it is not sustainable in nature [1]

Core Points - The company, Beixin Source (300352.SZ), has received a funding notification from the Beijing Municipal Science and Technology Commission and the Zhongguancun Science Park Management Committee for the development and demonstration application of a "Multilingual End-to-End Voice Translation Platform" [1] - The total amount of funding awarded to the company is 5 million yuan, which is intended for the project related to the development of the multilingual voice translation platform [1] - The funding is provided in cash and has already been received by the company [1] - Although the funding is related to the company's regular business activities, it is noted that this funding does not have sustainability [1]

关于获得北京市科学技术委员会、中关村科技园区管理委员会拨发科技经费的公告 证券代码：300352 证券简称：北信源 公告编号：2025-076 北京北信源软件股份有限公司 关于获得北京市科学技术委员会、中关村科技园区管理委员会拨发科 技经费的公告 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、获得补助的基本情况 近日，北京北信源软件股份有限公司（以下简称"公司"）收到北京市科学 技术委员会、中关村科技园区管理委员会下发的《关于下达"多语种端到端语音 翻译平台研发及示范应用"经费的通知》（以下简称"通知"）。通知显示，公 司获得科技经费500.00万元，用于"中央引导地方专项一多语种端到端语音翻译 平台研发及示范应用"。公司获得的上述项目经费为现金形式，上述资金已经到 账。本次公司所获得的项目经费与日常的生产经营活动相关，但不具有可持续性。 二、政府补助的类型及对公司的影响 1.补助的类型 公司根据《企业会计准则第16号——政府补助》等有关规定，确认上述事项 并划分补助类型，公司将所取得的用于购建或以其他方式形成长期资产的政府补 助界定为与资产相关的政府补 ...

关于使用部分暂时闲置募集资金进行现金管理的进展公告 证券代码：300352 证券简称：北信源 公告编号：2025-075 关于使用部分暂时闲置募集资金进行现金管理的进展公告 二、主要风险揭示及风险控制措施 公司使用闲置募集资金进行现金管理的投资品种为低风险的现金管理产品， 但仍会受到各种风险因素（包括但不限于市场风险、流动性风险、通货膨胀风险、 政策风险及不可抗力等）的影响。针对可能发生的投资风险，公司拟定如下措施： （一）公司财务部门对其资金支付手续需严格履行相应的审批流程，及时分 析和跟踪现金管理产品投向、项目进展情况，如发现或判断有不利因素，将及时 采取相应措施，控制投资风险； 北京北信源软件股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的进展公告 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"）于 2025 年 10 月 28 日 召开第五届董事会第二十二次临时会议，审议通过了《关于公司及控股子公司使 用部分暂时闲置募集资金进行现金管理的议案》，同意公司及控股子公司北信源 系统集成有限公司（以下简称 ...

Core Insights - Several cybersecurity companies reported revenue growth or reduced losses in Q3 2023, driven by diversification into new business scenarios and the adoption of AI technology [1] Group 1: Revenue Growth and Loss Reduction - 360 achieved revenue of 6.068 billion yuan in the first three quarters, an increase of 8.18% year-on-year, while net losses narrowed to 122 million yuan from 579 million yuan, a reduction of approximately 78.93% [1] - Green Alliance Technology reported revenue of 1.28 billion yuan, a slight increase compared to the previous year, with net losses of 196 million yuan, a year-on-year reduction of 39.85% [1] - Companies are exploring new markets such as satellite internet and industrial control to drive revenue growth [1] Group 2: AI Integration and Innovation - AI has become a key efficiency booster in the cybersecurity industry, with 97% of surveyed companies using or planning to deploy AI-enabled cybersecurity solutions [3] - Fortinet's report indicates that 87% of industry experts expect AI to enhance efficiency, while 80% of respondents noted improvements in team productivity due to AI [3] - Companies like Green Alliance Technology are focusing on AI security, data security, and practical defense, integrating intelligent capabilities into traditional security products [4] Group 3: Investment in R&D and Technology - Shengbang Security's R&D investment reached 66.65 million yuan in the first three quarters, a year-on-year increase of 22.98%, accounting for 42.90% of revenue [6] - Qi An Xin's R&D investment totaled 835 million yuan, representing 29.41% of revenue, focusing on proactive defense and privacy computing [6] - Companies are continuously investing in technology innovation to enhance competitiveness and adapt to industry trends [6]

Core Insights - Several publicly listed cybersecurity companies reported third-quarter earnings, with some achieving revenue growth or reduced losses in the first three quarters of the year. Embracing AI technology and exploring diverse business scenarios are key strategies for these companies to enhance quality and drive transformation [1][2]. Exploring Diverse Scenarios - Companies like 360 achieved revenue of 6.068 billion yuan, an 8.18% year-on-year increase, while net losses narrowed to 122 million yuan from 579 million yuan, a reduction of approximately 78.93% [2]. - Green Alliance Technology reported revenue of 1.28 billion yuan, a slight increase year-on-year, with net losses of 196 million yuan, a reduction of 39.85% [2]. - Companies are expanding into new markets such as satellite internet and industrial control to explore incremental growth opportunities [2]. - Shengbang Security is focusing on low-altitude economy and satellite internet, winning contracts in these new sectors [2]. - The number of vessels using satellite internet in the marine sector surged from 500 in 2022 to 75,000 recently, while the number of aircraft adapted for satellite use is expected to grow from 160 in 2024 to 2,000 in 2025 [2]. AI-Driven Industry Transformation - AI has become a mainstream tool for efficiency in the cybersecurity industry, with 97% of surveyed companies using or planning to deploy AI-enabled solutions [4]. - 87% of industry experts expect AI to enhance efficiency, and 80% report that AI has improved their team's productivity [4]. - Companies like Qi An Xin are leveraging AI to enhance detection accuracy and reduce costs, with over 90% usage of AI code assistants [4]. - The AISOC intelligent operation model has been shown to reduce average threat detection and assessment times while improving alert recognition rates [4]. Continuous Investment in Innovation - Companies are investing in technology innovation to enhance competitiveness, with Shengbang Security's R&D expenditure reaching 66.65 million yuan, a 22.98% increase year-on-year, accounting for 42.90% of revenue [8]. - Qi An Xin's R&D investment totaled 835 million yuan, representing 29.41% of revenue, focusing on proactive defense and privacy computing [8]. - The rapid development of large models is reshaping the cybersecurity landscape, accelerating the implementation of proactive defense systems [7].

Core Viewpoint - Beixin Source is a leading company in the domestic information security sector, focusing on the development, production, sales, and technical services of information security software products, with a differentiated advantage in technology and the entire industry chain [1] Group 1: Business Performance - In Q3 2025, Beixin Source reported revenue of 116 million yuan, ranking 92nd out of 102 in the industry, significantly lower than the industry leader Shanghai Steel Union's 57.318 billion yuan and second-place Desay SV's 22.337 billion yuan, as well as below the industry average of 171.2 million yuan and median of 41.9 million yuan [2] - The net profit for Q3 2025 was -169 million yuan, ranking 96th out of 102, with a substantial gap compared to the industry leader Desay SV's 1.805 billion yuan and second-place Tonghuashun's 1.206 billion yuan, also below the industry average of 26.431 million yuan and above the median of -7.1992 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Beixin Source's debt-to-asset ratio was 39.01%, up from 35.51% year-on-year and higher than the industry average of 31.94%, indicating increased debt pressure compared to the industry [3] - The gross profit margin for Q3 2025 was 68.93%, down from 72.87% year-on-year but still significantly above the industry average of 41.71%, reflecting strong profitability [3] Group 3: Executive Compensation - Chairman Lin Hao's salary increased from 583,700 yuan in 2023 to 680,800 yuan in 2024, an increase of 97,100 yuan [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 5.05% to 95,100, while the average number of circulating A-shares held per household increased by 5.32% to 13,400 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the second-largest, holding 15.1173 million shares, an increase of 7.8037 million shares from the previous period [5]

Core Viewpoint - The company has developed a high-security mobile communication platform called "Xinyuan Mixin," which is designed for private deployment and is compatible with various security requirements, ensuring the protection of work secrets, business secrets, and personal privacy [1] Group 1: Product Development and Features - "Xinyuan Mixin" has been widely adopted by high-security clients, including government and military sectors, with installation numbers reaching tens of millions [1] - The company has initiated research in quantum communication since 2019 and established partnerships with several leading quantum communication firms in 2022 [1] - The introduction of "Xinyuan Mixin (Quantum Version)" integrates quantum security technology with the existing security mechanisms of Xinyuan Mixin, significantly enhancing its security features [1] Group 2: Target Market and Applications - The company is focusing on the needs of government systems by combining Xinyuan Mixin with quantum technology and super-secure SIM cards from telecom operators to create quantum-encrypted instant communication services [1] - This initiative aims to provide robust protection for work secrets and business secrets, empowering professional users in the government sector [1] Group 3: Future Directions - The company plans to explore the application of AI technology in the field of quantum communication to further enhance the security and efficiency of communications [1]