Topsec(SZ:002212) Xin Lang Cai Jing·2025-09-19 16:24Core Viewpoint - Tianrongxin is actively engaging with investors regarding its collaboration with Huawei and the development of its intelligent computing cloud business, highlighting significant growth and future potential in these areas [1][3]. Group 1: Investor Relations Activity - The investor activity was part of the "2025 Guangdong District Investor Online Reception Day" held on September 19, 2025, via the "Panorama Roadshow" website [2]. - Key personnel from the company included Chairman and General Manager Li Xueying, and other executives [2]. Group 2: Collaboration with Huawei and Business Growth - Since launching its cloud computing products in 2019, Tianrongxin's cloud computing business has experienced a compound annual growth rate (CAGR) of 44.76%, with this segment accounting for 9.06% of total revenue in 2024 [3]. - The company launched the intelligent computing integrated machine in February 2025, upgrading its cloud computing business to intelligent computing cloud, with nearly 100 million yuan in business opportunities [3]. - Recent collaboration with Huawei has led to the release of intelligent computing integrated machine models based on the Kunpeng + Ascend architecture, currently generating revenue in the million-level range [3]. Group 3: Market Trends and Future Outlook - The intelligent computing cloud accounted for 12.40% of overall business in the first half of 2025, a year-on-year increase of 3% [3]. - The AI and security market is projected to grow significantly, with IDC forecasting the Chinese security intelligent body market to reach $1.6 billion by 2028, with a CAGR exceeding 230% [3]. - The network security industry is expected to see a market size of $17.1 billion by 2028, with a CAGR of 9.2% [3]. Group 4: International Expansion and Industry Positioning - Tianrongxin is expanding its international business, participating in digital infrastructure security construction along the "Belt and Road" initiative [3]. - The company is focusing on the automotive internet security sector, collaborating with major enterprises like BAIC and GAC to implement relevant solutions [3]. - The company has seen improvements in gross margin and net margin, with a year-on-year increase of 4.1 percentage points and 15.73 percentage points, respectively, in the first half of the year [3].