北京市金杜律师事务所 关于绿盟科技集团股份有限公司 2024 年年度股东大会之法律意见书 致：绿盟科技集团股份有限公司 北京市金杜律师事务所（以下简称本所）接受绿盟科技集团股份有限公司（以 下简称公司）的委托，根据《中华人民共和国证券法》（以下简称《证券法》）、《中 华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上市公 司股东会规则（2025 年修订）》（以下简称《股东会规则》）等中华人民共和国境内 （以下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国 澳门特别行政区和中国台湾地区）现行有效的法律、行政法规、规章和规范性文件 和现行有效的《绿盟科技集团股份有限公司章程》（以下简称《公司章程》）有关规 定，指派律师出席了公司于 2025 年 5 月 13 日召开的 2024 年年度股东大会（以 下简称本次股东大会），并就本次股东大会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1．经公司 2024 年第一次临时股东大会审议通过的《公司章程》； 2．公司 2025 年 4 月 23 日刊登于巨潮资讯网及深圳证券交易所网站 ...

Group 1: Business Focus and Growth Strategies - The company is focusing on stable investment sectors such as telecommunications, finance, and energy for revenue growth [2] - In the cloud security sector, the company promotes the T-ONE CLOUD solution, addressing the needs of various clients including operators and government [3] - The company has served over 100 clients in cloud security, emphasizing a full-stack security product approach [3] Group 2: Market Opportunities and Product Development - The company is developing integrated security solutions for the rapidly growing Internet of Vehicles market, offering a comprehensive security service [3] - The AI+SOC product line, launched in 2024, has improved detection and response times by over 50% [4] - The ISOP security operation platform has seen steady revenue growth, with significant increases in SaaS-based security services [5] Group 3: Financial Goals and Performance Metrics - The company aims for a revenue target of at least 2.53 billion CNY and to achieve positive net profit by 2025 [5] - Specific strategies include focusing on stable customer demands in key industries and enhancing product competitiveness [5] Group 4: Competitive Advantages and Market Position - The company possesses leading self-research and technology advantages, catering to diverse enterprise-level client needs [6] - It primarily serves government, finance, telecommunications, energy, and education sectors, providing comprehensive security solutions [6] Group 5: Risk Management and Market Expansion - The company is actively exploring the network security insurance market, collaborating with major insurance firms for business expansion [9] - Plans for overseas market expansion focus on regions like ASEAN, Middle East, and Latin America, leveraging the "Belt and Road" initiative [10]

Core Insights - The industrial information security industry in China is experiencing rapid growth, with the market size projected to reach approximately 28.734 billion yuan in 2023 and around 39.152 billion yuan in 2024, driven by increasing awareness of information security and the rise of cyber threats [1][10] - The demand for industrial information security spans various sectors, including electricity, petrochemicals, manufacturing, and transportation, highlighting the critical need for security measures in these industries [10] Industry Definition and Classification - Industrial information security refers to the protection of information during industrial operations, encompassing industrial control systems (ICS), industrial internet, and industrial IoT, aimed at ensuring confidentiality, integrity, and availability of industrial production processes [2][4] Industry Chain Analysis - The industrial information security industry chain includes upstream hardware suppliers, software technology providers, and network infrastructure providers, with midstream solution providers and system integrators, and downstream industrial users and regulatory bodies [4] Development History - The industry has evolved through three stages: passive foundation, independent breakthroughs, and ecological restructuring, transitioning from policy-driven compliance to technology-led initiatives [6] Current Industry Status - The number of registered companies in the industrial information security sector has steadily increased, with 106,349 companies registered in 2023, and this trend is expected to continue as demand grows due to initiatives like Industry 4.0 and Made in China 2025 [8] Market Composition - The market composition shows that security hardware accounts for 45%, security software for 30%, and security services for 25%, indicating the significant role of hardware in safeguarding industrial information security [12] Key Companies Analysis - Major players in the industry include Qihoo 360, NSFOCUS, Inspur, and others, each specializing in different aspects of industrial information security, such as comprehensive protection systems, cloud security, and terminal security [14][15] Future Development Trends - Key trends include technological integration, where AI, big data, IoT, and blockchain converge to enhance security measures, and ecological collaboration among manufacturers, software developers, and service providers to create a robust security ecosystem [21][22] Regulatory Impact - Strengthening compliance requirements is significantly influencing the industry, prompting companies to enhance their security measures and invest in compliance with new regulations, thereby raising industry standards [23]

证券代码：300369 证券简称：绿盟科技 公告编号：2025-014 绿盟科技集团股份有限公司 会议召开方式：网络互动方式 重要内容提示： 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 5 月 13 日 前 访 问 网 址 https://eseb.cn/1o3cbSuKx4k 或使用微信扫描下方小程序码进行会前提问，公司将 通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回答。 绿盟科技集团股份有限公司（以下简称"公司"）已于 2025 年 4 月 23 日在 巨潮资讯网上披露了《2024 年年度报告全文》及摘要。为便于广大投资者更加全 面深入地了解公司经营业绩、发展战略等情况，公司定于 2025 年 5 月 13 日（星 期二）16:00-17:00 在"价值在线"（www.ir-online.cn）举办公司 2024 年度网上 业绩说明会，与投资者进行沟通和交流，广泛听取投资者的意见和建议。 一、说明会召开的时间、地点和方式 会议召开时间：2025 年 5 月 13 日（星期二）16:00-17:00 会议召开地点：价值在线（www.ir-online.cn） 会议召 ...

证券代码：300369 证券简称：绿盟科技 公告编号：2025-016 绿盟科技集团股份有限公司 关于 2023 年员工持股计划第二个锁定期解锁条件未成就的 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。 根据《关于上市公司实施员工持股计划试点的指导意见》《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》等相关规定，现将绿 盟科技集团股份有限公司（以下简称公司）《2023 年员工持股计划》（以下简称"员 工持股计划"或"本期持股计划"）第二个锁定期业绩考核指标完成情况及后续安 排公告如下： 一、本期持股计划的基本情况 （一）本期持股计划批准情况 公司于 2023 年 5 月 12 日召开第四届董事会第十八次会议和第四届监事会第 十六次会议，审议通过《2023 年员工持股计划（草案）及摘要》等相关议案；于 2023 年 7 月 31 日召开 2023 年第一次临时股东大会，审议通过了前述相关议案， 具体内容详见公司在巨潮资讯网（www.cninfo.com.cn）上披露的相关公告。 （二）本期持股计划实施情况 （二）后续安排 公司 ...

证券代码：300369 证券简称：绿盟科技 公告编号：2025-015 绿盟科技集团股份有限公司 关于 2022 年员工持股计划第三个锁定期解锁条件未成就的 （一）本期持股计划批准情况 公司于 2022 年 6 月 2 日召开第四届董事会第七次临时会议和第四届监事会 第三次临时会议，审议通过《2022 年员工持股计划（草案）及摘要》等相关议案； 于 2022 年 7 月 8 日召开 2022 年第一次临时股东大会，审议通过了前述相关议案， 具体内容详见公司在巨潮资讯网（www.cninfo.com.cn）上披露的相关公告。 （二）本期持股计划实施情况 公司于 2022 年 7 月 25 日收到中国证券登记结算有限责任公司深圳分公司出 具的《证券过户登记确认书》，"绿盟科技集团股份有限公司回购专用证券账户" 所持有的 771.35 万股公司股票已于 2022 年 7 月 22 日以非交易过户的方式过户至 "绿盟科技集团股份有限公司——2022 年员工持股计划"，过户股份数量占当时 公司股本总额的 0.9659%。具体内容详见公司于 2022 年 7 月 25 日在巨潮资讯网 （www.cninfo.com.cn ...

Core Viewpoint - The company reported stable revenue growth in Q1 2025, with a narrowing of losses compared to the previous year [1][4]. Financial Performance - Q1 2025 revenue reached 364 million yuan, a year-on-year increase of 1.84% [1]. - The net profit attributable to shareholders was -102 million yuan, a 32.14% reduction in losses compared to Q1 2024 [1]. - The non-recurring net profit was -108 million yuan, with a 30.41% reduction in losses year-on-year [1]. - Gross margin stood at 55.73%, a decrease of 4.76 percentage points compared to the previous year [1]. Cost Management - The company has implemented cost control measures starting in 2024, leading to a reduction in total operating expenses to 357 million yuan, down 4.8% year-on-year [2]. - Selling expenses were 173 million yuan, a decrease of 4.27% [2]. - R&D expenses were 133 million yuan, down 5.39% [2]. - Management expenses were 51 million yuan, a reduction of 5.95% [2]. Strategic Initiatives - The company is focusing on the "AI + Security" sector, launching the Fengyunwei AI security capability platform, which integrates various models and knowledge bases to enhance security operations and responses [2]. - The AI-Scan product was introduced for assessing risks associated with large models, covering key technologies for security throughout the AI lifecycle [2]. Market Outlook - The company is expected to benefit from the acceleration of Agent deployment driven by open-source models like DeepSeek and Qwen3 [3]. - Revenue forecasts for 2025-2027 have been adjusted to 2.583 billion, 2.792 billion, and 3.148 billion yuan respectively, with net profit forecasts revised to 7 million, 64 million, and 116 million yuan [4].

Core Viewpoint - The company reported significant revenue growth and improved operational quality in 2024, with a focus on technological innovation and AI integration in security products [1][2][4]. Group 1: Financial Performance - In 2024, the company achieved revenue of 2.358 billion yuan, a year-on-year increase of 40.29% [1][2]. - The net profit attributable to shareholders was -365 million yuan, reflecting a year-on-year improvement of 62.66% [1]. - The company reported a gross margin of 53.80%, an increase of 7.65 percentage points compared to the previous year [2]. Group 2: Revenue Breakdown - Revenue from security products reached 1.137 billion yuan, up 45.16% year-on-year [2]. - Revenue from security services was 865 million yuan, growing by 18.40% [2]. - Revenue from third-party products surged to 355 million yuan, marking a 112.82% increase [2]. - Revenue from government and public sector clients was 639 million yuan, up 46.61% [2]. - Revenue from energy and enterprise clients reached 735 million yuan, a growth of 52.74% [2]. Group 3: Cost Management and Cash Flow - The company effectively controlled costs, with total expenses for sales, management, and R&D amounting to 1.578 billion yuan, a decrease of 6.85% year-on-year [3]. - Operating cash flow increased significantly to 136 million yuan, a growth of 167.2% [3]. Group 4: Technological Advancements - The company made notable progress in APT detection, monitoring, and capture technologies, as well as breakthroughs in supply chain and cloud-native security [3]. - New products launched in the data security field include an integrated data security gateway and an API risk monitoring and auditing system [3]. - The company has adapted its products to various CPU and operating systems, enhancing its capabilities in the domestic innovation sector [3]. Group 5: AI Integration and Service Growth - The company launched the Fengyunwei AI security capability platform, integrating various AI models and tools for enhanced security management [4]. - The AI-Scan product was introduced for risk assessment in large model software supply chains [4]. - The AI+SOC Eagle Eye security operation center improved detection and response times by over 50%, with more than 70% of attacks being automatically assessed [4]. - Data security-related orders grew by over 100% in 2024, driven by the integration of AI in services [4]. Group 6: Industry Outlook - The network security industry is showing signs of recovery, with ongoing demand from downstream sectors [5]. - The company is expected to continue its quality improvement strategy and technological innovation, with projected EPS of 0.02, 0.09, and 0.14 yuan for 2025-2027 [5].

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.1274 | -0.1878 | 32.16 | -0.2296 | | 每股净资产（元） | 3.09 | 3.26 | -5.21 | 4.37 | | 每股公积金(元) | 1.58 | 1.57 | 0.64 | 1.64 | | 每股未分配利润(元) | 0.11 | 0.51 | -78.43 | 1.70 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 3.64 | 3.57 | 1.96 | 3.29 | | 净利润(亿元) | -1.02 | -1.5 | 32 | -1.81 | | 净资产收益率(%) | -4.08 | -5.62 | 27.4 | -5.09 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 27296.92万股，累计占流通股比： 34.1 ...

Financial Performance - The company's revenue for Q1 2025 was ¥363,543,374.36, representing a 1.84% increase compared to ¥356,985,933.63 in the same period last year[4] - The net profit attributable to shareholders was -¥101,868,672.07, an improvement of 32.14% from -¥150,109,796.26 year-over-year[4] - The basic earnings per share improved by 32.16% to -¥0.1274 from -¥0.1878 in the previous year[4] - Net profit for the current period was -¥101,870,497.14, an improvement compared to -¥150,300,148.46 in the previous period, indicating a reduction in losses of approximately 32.2%[29] - The total comprehensive income for the current period was -¥100,478,758.66, an improvement from -¥149,757,388.74 in the previous period, showing a reduction in comprehensive losses of approximately 32.9%[29] Cash Flow - The net cash flow from operating activities increased by 92.16% to ¥51,744,309.86, up from ¥26,927,422.23 in the previous year[13] - Operating cash flow for the period was ¥51,744,309.86, an increase of 92.3% compared to ¥26,927,422.23 in the previous period[31] - Total cash inflow from operating activities was ¥601,666,772.65, slightly down by 1.1% from ¥608,240,486.23 in the previous period[31] - Cash outflow from operating activities decreased to ¥549,922,462.79 from ¥581,313,064.00, reflecting a reduction of 5.4%[31] - The net cash flow from investing activities showed a significant outflow of -¥59,681,596.51, a 1237.97% increase compared to -¥4,460,608.77 in the previous year[14] - Cash inflow from financing activities was ¥104,477,711.42, down by 55.8% from ¥236,345,064.70 in the previous period[32] - Net cash flow from financing activities showed a significant decline to -¥120,934,630.18 from a positive ¥18,967,679.58[32] - The ending cash and cash equivalents balance decreased to ¥389,888,065.36 from ¥733,984,342.74, a drop of 47.1%[32] - The company received ¥20,208,404.43 in tax refunds, a substantial increase of 263.5% compared to ¥5,554,883.76 in the previous period[31] Assets and Liabilities - Total assets decreased by 5.10% to ¥4,378,380,104.70 from ¥4,613,581,963.76 at the end of the previous year[4] - The company's total liabilities decreased to ¥1,912,890,860.02 from ¥2,067,016,687.27, a decline of about 7.48%[25] - The company's equity attributable to shareholders decreased by 3.18% to ¥2,466,136,518.95 from ¥2,547,210,725.69[4] - The company's total current liabilities amounted to ¥1,467,974,149.37, down from ¥1,631,523,713.80, a decrease of approximately 10.03%[24] - Cash and cash equivalents decreased from 521,458,546.21 yuan to 394,473,086.23 yuan, a decline of about 24.29%[21] - Accounts receivable decreased from 1,030,247,590.74 yuan to 969,871,984.90 yuan, a decrease of approximately 5.85%[21] - Inventory decreased from 77,605,414.54 yuan to 50,272,134.19 yuan, a reduction of about 35.24%[23] - The company reported a total of 2,210,056,238.81 yuan in current assets, down from 2,436,003,730.84 yuan, a decrease of approximately 9.27%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period was 43,795[16] - The largest shareholder, Shen Jiyi, holds 10.04% of shares, totaling 80,250,145 shares[16] - The company has a total of 1,080,959.00 shares under lock-up due to management regulations[19] - The top 10 shareholders do not participate in margin trading or securities lending activities[17] Research and Development - The company reported a significant increase in research and development expenditures, with a 383.55% rise to ¥48,165,817.32 due to new capitalized projects[9] - Research and development expenses were ¥133,302,677.15, down from ¥140,892,648.60, reflecting a decrease of about 5.4%[28] Financial Costs - The company reported a financial cost of -¥4,022,379.67, compared to ¥4,352,661.21 in the previous period, indicating a significant improvement in financial expenses[28] Other Information - The company did not conduct an audit for the first quarter report[34]