Ge Long Hui A P P·2025-12-05 07:02Core Viewpoint - The report from Dongfang Securities highlights that Green Alliance Technology focuses on AI and data security, cultivating new future scenarios through a "3+3+X+Y" strategy, driving differentiated competitiveness with dual engines of AI security and data security [1] Group 1: AI Security Developments - The company has iterated its Fengyunwei AI security capability platform, establishing a multi-agent security application center to address challenges in AI model assessment [1] - The launch of the AI-Scan large model risk assessment product enhances vulnerability detection and threat assessment efficiency, with successful implementations in government and financial sectors [1] Group 2: Emerging Security Scenarios - The company is actively developing new security scenarios, achieving technological breakthroughs in areas such as APT tracking and forensics, cloud offensive and defensive strategies, new drone countermeasures, and vehicle networking test fields [1] - The vehicle networking test field business has completed key technology validation, laying the groundwork for future large-scale applications [1] Group 3: Cloud Security and Privacy Computing - The company is deepening research in cloud-native security and privacy computing, enhancing its product matrix to meet diverse cloud security needs [1] - Continuous breakthroughs in these emerging fields are expected to open new growth opportunities for the company, forming long-term development potential [1] Group 4: Financial Outlook - Considering the current market conditions and comparable companies, a target price of 9.42 yuan is set for 2026, maintaining a "buy" rating with a projected 3x PS ratio [1]