Koal(SH:603232) Zheng Quan Shi Bao Wang·2025-10-30 12:34Core Insights - The company reported a total revenue of 235 million yuan for the first three quarters of 2025, with a significant third-quarter revenue of 120 million yuan, reflecting a quarter-on-quarter growth of 71.01% [1] - The company has been a pioneer in the field of post-quantum cryptography (PQC) since 2021, integrating cutting-edge technologies such as quantum random number generation and quantum key distribution into its product offerings [1] - The company's KOAL-NSAG security certification gateway is the first product in China to pass the anti-quantum cryptography verification test conducted by the China Academy of Information and Communications Technology [1] Product Development - The company’s entire line of cryptographic products has begun to demonstrate anti-quantum capabilities, with several commercial cryptographic products successfully passing authoritative third-party anti-quantum verification tests [1] - The company has completed pilot launches of anti-quantum cryptography products in the financial sector during the first half of the year [1] Strategic Initiatives - The company has implemented anti-quantum cryptography technology on its official website, showcasing its technological maturity and providing a reference path for the industry in transitioning to PQC [2] - The company is actively expanding its overseas business, responding to the national "Digital Silk Road" initiative, and has successfully applied anti-quantum cryptography products in international markets [2] - The company aims to establish win-win partnerships with stakeholders in countries along the Digital Silk Road, contributing to the construction of digital infrastructure security and laying a practical foundation for China's participation in international information security rule-making [2]