ABT Networks(SH:688168) Zhi Tong Cai Jing·2026-01-29 10:35Core Viewpoint - Anbotong (688168.SH) is expected to report a net loss of between RMB -114 million and -165 million for the year 2025, continuing its trend of losses compared to the previous year [1]. Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company in the range of RMB -114 million to -165 million for 2025, indicating ongoing financial challenges [1]. Group 2: Business Strategy and Operations - Anbotong is transitioning from a visual network security innovator to a builder of an AI-era security computing ecosystem, which has led to changes in revenue composition [2]. - The company is focusing on providing autonomous intellectual property-based secure operating systems and computing components to downstream clients, collaborating deeply with domestic chip manufacturers to develop compliant computing solutions [1]. - The company has established a full-process closed-loop service capability in intelligent computing, covering supply of computing devices, integration of intelligent computing centers, computing scheduling, security operations, and support for intelligent agent development [1]. Group 3: Ecosystem and Partnerships - Anbotong has built solid partnerships with various network equipment manufacturers, security companies, and state-owned enterprises through core technologies like the SPOS system and visual topology engine [1]. - In the new phase of AI and security computing, the company is further collaborating with partners such as Huawei, JD Technology, Inspur Cloud, and others to promote joint technology research and scenario expansion, continuously constructing an open and collaborative security computing ecosystem [1].