Xin Lang Cai Jing·2026-01-11 06:52Core Insights - The overall revenue situation of China's telecom security business is improving, with 24 provincial companies reporting positive growth, while 7 provincial companies experienced a decline [1][3] Group 1: Revenue Performance - As of the end of November 2025, the revenue from China's telecom security business exceeded 3 billion yuan, achieving double-digit growth [3] - Among the provincial companies, Henan, Shanxi, Fujian, Inner Mongolia, and Hubei reported the highest revenue growth, while Liaoning, Tianjin, Tibet, Hainan, and Shandong had the lowest growth rates [3] Group 2: Monthly Trends - In November alone, the revenue from the security business experienced a double-digit decline [3] Group 3: Development Challenges - The telecom security business is in a rapid development phase, but some smaller provincial companies, particularly in the northern regions, are facing significant challenges due to limited investment in new business initiatives [3]