| 证券代码：300454 | 证券简称：深信服 | 公告编号：2025-033 | | --- | --- | --- | | 债券代码：123210 | 债券简称：信服转债 | | 深信服科技股份有限公司 第三届监事会第二十二次会议决议公告 本公司及监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、监事会会议召开情况 深信服科技股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日以电子邮 件等方式发出通知，于 2025 年 4 月 23 日在公司会议室以现场及通讯方式召开第 三届监事会第二十二次会议。本次会议应出席监事 3 名，实际出席监事 3 名。本 次监事会会议由监事会主席郝丹女士主持。本次会议的召集和召开符合《公司法》 等法律、法规以及《公司章程》的规定。 二、监事会会议审议情况 经与会监事审议，以投票表决方式通过了以下决议： (一)审议通过《关于公司<2025 年第一季度报告>的议案》 (二)审议通过《关于调整募集资金投资项目实施期限的议案》 经审核，监事会认为：公司本次对"深信服长沙网络安全与云计算研发基地 建设项目"（以下简称"长沙研发 ...

| 证券代码：300454 | 证券简称：深信服 | 公告编号：2025-032 | | --- | --- | --- | | 债券代码：123210 | 债券简称：信服转债 | | 深信服科技股份有限公司 第三届董事会第二十八次会议决议公告 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、 董事会会议召开情况 深信服科技股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日以电子 邮件等方式发出通知，于 2025 年 4 月 23 日在公司会议室以现场及通讯方式召开 第三届董事会第二十八次会议。本次会议应出席董事 6 名，实际出席董事 6 名。 本次董事会会议由董事长何朝曦先生主持。本次会议的召集和召开符合《公司法》 等法律、法规以及《公司章程》的规定。 二、 董事会会议审议情况 经与会董事审议，以投票表决方式通过了以下决议： (一) 审议通过《关于公司<2025 年第一季度报告>的议案》 全体董事审议认为，2025 年第一季度报告真实、准确、完整地反映了公司 2025 年第一季度的财务状况和经营成果，不存在虚假记载、误导性陈述和重大 遗漏 ...

中信建投证券股份有限公司 注：（1）以上已投入募集资金金额未经审计； 关于深信服科技股份有限公司 调整募集资金投资项目实施期限的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐人"）作为深信 服科技股份有限公司（以下简称"深信服"或"公司"）向不特定对象发行可转换公司 债券并上市的保荐人，根据《证券发行上市保荐业务管理办法》《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》《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》等有关规定，对公司调整募集资金投资项目实施期限事项进行了核 查，具体情况如下： 一、募集资金投资项目的概述 （一）募集资金基本情况 经中国证券监督管理委员会《关于同意深信服科技股份有限公司向不特定对 象发行可转换公司债券注册的批复》（证监许可〔2023〕1428 号）批复同意，公司 向不特定对象发行可转换公司债券数量 1,214.7560 万张，每张面值 100.00 元，募 集资金总额为人民币 1,214,756,000.00 元，扣除发行费用人民币 9,036,166.38 元后， ...

Financial Performance - The company's revenue for Q1 2025 reached ¥1,261,856,703.33, representing a 21.91% increase compared to ¥1,035,080,040.95 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥249,624,825.26, an improvement of 48.93% from a loss of ¥488,764,945.10 in the previous year[5] - Basic and diluted earnings per share improved to -¥0.59, a 49.14% increase from -¥1.16 in the same period last year[5] - The company reported a net loss of approximately ¥249.62 million for the current period, compared to a net loss of ¥488.94 million in the previous period, indicating an improvement of about 48.9%[25] - Operating profit for the current period was a loss of ¥252.78 million, an improvement from a loss of ¥491.24 million in the previous period[25] - The company reported a total comprehensive loss of approximately ¥206.28 million for the current period, compared to a loss of ¥425.97 million in the previous period[25] Cash Flow - The net cash flow from operating activities improved to -¥831,097,831.88, a 28.00% reduction in cash outflow compared to -¥1,154,245,182.65 last year[5] - The net cash flow from operating activities for the current period was -831,097,831.88, an improvement of 28.00% compared to -1,154,245,182.65 in the previous period, primarily due to increased cash received from sales[12] - The company generated ¥1.51 billion in cash from sales of goods and services, an increase from ¥1.41 billion in the previous period[28] - Cash flow from operating activities showed a net outflow of ¥831.10 million, an improvement from a net outflow of ¥1.15 billion in the previous period[28] - The net cash flow from investing activities increased by 38.26% to 1,129,409,988.13, up from 816,875,259.53, mainly due to cash received from the sale of equity in other companies and the redemption of financial products[12] - Investment activities generated a net cash inflow of approximately ¥1.13 billion, compared to ¥816.88 million in the previous period, reflecting a significant increase[28] - The company received cash inflows from investment activities totaling approximately ¥3.14 billion, compared to ¥2.09 billion in the previous period[28] - The net cash flow from financing activities decreased significantly by 140.65% to -236,832,653.31, attributed to a substantial reduction in new bank loans compared to the same period last year[12] Assets and Liabilities - Total assets decreased by 10.06% to ¥13,690,782,206.75 from ¥15,222,417,503.15 at the end of the previous year[5] - Total current assets decreased to ¥6,006,239,875.00 from ¥6,904,082,920.30, a decline of 13.0%[21] - Total liabilities decreased to ¥4,688,198,618.02 from ¥6,054,321,999.31, representing a reduction of 22.5%[22] - The company's total equity attributable to shareholders decreased to ¥9,002,583,588.73 from ¥9,168,095,503.84, a decrease of 1.8%[22] - Long-term equity investments were reported at ¥469,829,705.38, slightly down from ¥473,520,460.82[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,110[14] - The top three shareholders hold significant stakes: He Chaoxi at 19.97% (84,240,000 shares), Xiong Wu at 17.31% (73,008,000 shares), and Feng Yi at 7.99% (33,696,000 shares)[14] - The company has repurchased a total of 364,900 shares at a total cost of 19,938,676.00 RMB, with a maximum price of 55.00 RMB per share[18] - The company approved a stock incentive plan granting 35 million restricted shares, with an initial grant of 28 million shares to 4,177 incentive targets[19] - The company plans to use between 100 million and 200 million RMB for share repurchase to implement employee stock ownership plans or equity incentive plans[18] - The company’s top ten shareholders include both individual and institutional investors, with no significant changes reported in their shareholding status[16] Operating Costs and Expenses - Operating costs increased by 15.49% to ¥499,922,501.48, driven by revenue growth[11] - Total operating costs decreased to ¥1,618,089,727.34 from ¥1,647,465,796.14, reflecting a reduction of 1.9%[24] - Research and development expenses decreased by 8.29% to ¥487,626,740.71 compared to ¥531,679,629.74 in the previous year[11] - Research and development expenses amounted to ¥487,626,740.71, down from ¥531,679,629.74, indicating a decrease of 8.3%[24] Other Income and Financials - The company reported a significant increase in other income, which rose by 121.34% to ¥4,123,456.40 due to higher penalties received compared to the previous year[11] - The company reported a financial income of ¥65,524,415.42, compared to ¥73,340,055.16 in the previous period, reflecting a decrease of 10.0%[24] - Cash and cash equivalents at the end of the period were ¥560,223,734.97, up from ¥525,277,088.65 at the beginning of the period, showing an increase of 6.5%[20] - Total cash and cash equivalents at the end of the period amounted to ¥519.10 million, down from ¥904.32 million at the end of the previous period[29] - The company experienced a foreign exchange loss affecting cash and cash equivalents of approximately ¥1.53 million, compared to a loss of ¥614,267.41 in the previous period[29]

深信服(300454.SZ)公告称，2025年第一季度 营业收入为12.62亿元，同比增长21.91%，归属于上市公司 股东的 净利润为-2.50亿元。 ...

Core Insights - The latest net value of Wanjiay Economic New Momentum Mixed C Fund (005312) is 1.6754 yuan, reflecting a decrease of 0.66% [1] - The fund has shown a return of 3.35% over the past month, ranking 200 out of 4491 in its category; a return of 32.05% over the past three months, ranking 29 out of 4444; and a year-to-date return of 33.98%, ranking 34 out of 4418 [1] Fund Holdings - The top ten stock holdings of Wanjiay Economic New Momentum Mixed C Fund account for a total of 75.95%, with the following allocations: - Ruixin Microelectronics (9.12%) - BeiGene-U (8.80%) - Deepin Technology (8.64%) - Innovent Biologics-U (7.88%) - Cambricon Technologies-U (7.65%) - iFlytek (7.51%) - Sierpo (7.46%) - Sanan Optoelectronics (6.89%) - BGI Genomics (6.18%) - Zhongwei Company (5.82%) [1] Fund Overview - Wanjiay Economic New Momentum Mixed C Fund was established on February 7, 2018, and as of March 31, 2025, it has a total scale of 1.223 billion yuan [1] - The fund manager is Huang Xingliang, who has extensive experience in the investment management industry [2]

Core Insights - The report indicates that the Chinese cybersecurity hardware market is projected to reach a size of 21.0159 billion RMB in 2024 [1] - The top three companies in the market are Deepin Technology, Qihoo 360, and H3C, with market shares of 11.1%, 10.8%, and 10.3% respectively [1] Company Analysis - Deepin Technology holds the largest market share at 11.1%, indicating a strong position in the cybersecurity hardware sector [1] - Qihoo 360 follows closely with a market share of 10.8%, reflecting its competitive presence in the industry [1] - H3C ranks third with a market share of 10.3%, showcasing its relevance in the cybersecurity hardware market [1] Industry Overview - The overall growth of the cybersecurity hardware market in China is significant, with a total market size of 21.0159 billion RMB expected in 2024 [1] - The competitive landscape is characterized by a few key players dominating the market, highlighting the importance of market share in assessing company performance [1]

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of April 21, 2025, highlighting significant players in the industry [1]. Group 1: Market Capitalization Rankings - JD.com ranks 8th with a market capitalization of $504.58 billion [3]. - SMIC (Semiconductor Manufacturing International Corporation) is in 9th place with a market cap of $473.13 billion [3]. - Kuaishou Technology holds the 10th position with a market cap of $277.81 billion [3]. - Li Auto is ranked 12th with a market capitalization of $247.49 billion [3]. - Tencent Music is in 14th place with a market cap of $210.91 billion [3]. Group 2: Additional Notable Companies - Xpeng Motors is ranked 16th with a market cap of $173.41 billion [3]. - NIO is in 21st place with a market capitalization of $79.71 billion [3]. - Bilibili holds the 23rd position with a market cap of $67.76 billion, showing an upward trend [3]. - Vipshop is ranked 27th with a market cap of $64.15 billion [4]. - Kingsoft has a market cap of $62.85 billion, placing it 28th [4]. Group 3: Market Trends - The rankings reflect the competitive landscape of the Chinese technology sector, with significant fluctuations in market capitalizations among the top companies [1]. - The data is calculated based on the daily market values, converted using the current exchange rate between USD and HKD [5].

特别提示： | 1.证券代码：300454 | | 证券简称：深信服 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2.债券代码：123210 | | 债券简称：信服转债 | | | | | | | | | 3.转股价格：110.97 | 元/股 | | | | | | | | | | 4.转股期间：2024 | 年 2 | 月 2 | 日至 | 2029 | 年 | 7 | 月 | 26 | 日 | | 证券代码：300454 | 证券简称：深信服 | 公告编号：2025-030 | | --- | --- | --- | | 债券代码：123210 | 债券简称：信服转债 | | 5.自 2025 年 4 月 7 日至 2025 年 4 月 18 日，公司股票已有 10 个交易日的收 盘价低于当期转股价格 110.97 元/股的 85%，如后续公司股票收盘价格继续低于 当期转股价的 85%，预计将触发"信服转债"转股价格向下修正条件。若触发转 股价格向下修正条件，公司将按照《深信服科技股份有限 ...

Investment Rating - Industry rating: Recommended [5] Core Viewpoints - The ongoing tariff war between the US and China has intensified, with the US imposing a 34% tariff on Chinese imports, prompting China to respond with similar tariffs, which accelerates the domestic innovation and localization process in the technology sector [1][3][14] - The Chinese government emphasizes "technological self-reliance" as a core agenda, with policies aimed at enhancing key technology breakthroughs and increasing investment in basic research, which supports the growth of the domestic technology industry [2][26] - The tariff situation has led to significant market volatility, with the Chinese stock market experiencing a drop of over 7% in a single day, but state-owned enterprises have stepped in to stabilize the market through share buybacks and acquisitions [3][32] Summary by Sections 1. Changes in Foreign Tariff Policies - The US has implemented a "reciprocal tariff" policy, raising tariffs on Chinese goods, which has increased the cost of imported high-end components for the Chinese tech industry, particularly in hardware sectors like chips and servers [1][14][19] - The tariff war has created short-term challenges for the domestic innovation industry, but it also accelerates the push for domestic alternatives and self-sufficiency in technology [19][35] 2. Policy Promotion of Self-Reliance - The Chinese government has introduced measures to strengthen key technology research and optimize the layout of scientific research resources, aiming to create a trillion-level domestic innovation industry cluster by 2027 [2][28] - Local governments are also implementing supportive policies to promote domestic technology development, focusing on areas such as artificial intelligence and software ecosystems [28][30] 3. Corporate Actions and Domestic Tariff Responses - In response to the tariff war, state-owned enterprises have increased share buybacks to bolster market confidence, with 18 central enterprises taking action to stabilize the market [3][32] - The domestic chip market is benefiting from the increased prices of imported chips, highlighting the competitive advantage of domestic alternatives [3][31] 4. Investment Recommendations - Beneficial targets include core domestic innovation companies such as China Software, China Great Wall, and Dongfang Tong, as well as domestic computing and chip firms like Tuwei Information and Haiguang Information [4][39]