Core Viewpoint - Shanghai Yunxin Venture Capital Co., Ltd., a shareholder holding 10.77% of Jida Zhengyuan, plans to reduce its stake by up to 5.652 million shares between October 21, 2025, and January 20, 2026, representing no more than 3% of the total share capital after excluding shares in the repurchase account [1] Summary by Category - **Shareholding Reduction Plan** - The reduction will occur through centralized bidding and block trading methods [1] - In any consecutive 90-day period, the block trading reduction will not exceed 2% (3,768,008 shares), while the centralized bidding reduction will not exceed 1% (1,884,004 shares) [1]

Core Insights - Quantum computing is expected to be a disruptive force in solving AI computing power bottlenecks, offering superior parallel computing capabilities and lower energy consumption compared to traditional computing [2][5] - Post-quantum cryptography aims to create new cryptographic systems that can withstand attacks from quantum computers, becoming a crucial technology for future information security [1][2][5] - The standardization process for post-quantum cryptography is accelerating, with increasing exploration of applications and intensified competition among leading domestic and international companies [1][5] Industry Overview - The global market for quantum computing reached $4.7 billion in 2023 and is projected to exceed $800 billion by 2035, indicating significant growth potential [2] - Domestic leading companies are rapidly advancing in the fields of quantum computing and post-quantum cryptography, focusing on algorithm development, hardware innovation, and industry application [3] Company Highlights - GuoDun Quantum (国盾量子) supports the commercialization of post-quantum cryptography with a complete industrial chain [4] - Sanwei Xinan (三未信安) has developed a full range of anti-quantum cryptography products, from chips to systems [4] - Jida Zhengyuan (吉大正元) is actively promoting research on anti-quantum cryptography migration, achieving full-stack innovation from algorithms to applications [4] - Tianrongxin (天融信) has made strategic investments in quantum computing, leading the upgrade of security products with chip-level post-quantum cryptography cards [4] - Electric Science Network Security (电科网安) has launched the "Quantum Armor" series of anti-quantum cryptography products, creating a comprehensive security ecosystem [4] - Geer Software (格尔软件) focuses on financial industry applications for anti-quantum migration solutions [4] - GuoXin Technology (国芯科技) is integrating quantum technology with trusted computing chips, establishing a full-chain layout from algorithms to products [4] Investment Recommendations - Companies to watch in the post-quantum cryptography space include GuoDun Quantum, Sanwei Xinan, Jida Zhengyuan, Tianrongxin, Electric Science Network Security, Geer Software, and GuoXin Technology [5] - Additional companies related to quantum computing include Qiming Star (启明星辰), Keda Guokuan (科大国创), Hexin Instruments (禾信仪器), Shenzhou Information (神州信息), Kehua Data (科华数据), China Great Wall (中国长城), Guangxun Technology (光迅科技), Unisoc (紫光国微), and Hengtong Optic-Electric (亨通光电) [5]

Investment Rating - The report maintains a positive investment rating for the quantum computing and post-quantum cryptography sectors, highlighting significant growth potential and competitive dynamics in the industry [4]. Core Insights - Quantum computing is poised to revolutionize AI capabilities by overcoming computational bottlenecks, with the market expected to grow from $4.7 billion in 2023 to over $800 billion by 2035, reflecting a compound annual growth rate (CAGR) of 44.8% [1][27]. - Post-quantum cryptography (PQC) is emerging as a critical defense against the threats posed by quantum computing to traditional encryption systems, with the U.S. leading in the development and standardization of PQC technologies [1][36]. - Domestic companies are accelerating their efforts in the quantum computing and cybersecurity sectors, aiming to establish a robust information security framework that is self-sufficient and resilient against quantum threats [2][3]. Summary by Sections 1. Addressing Quantum Computing Challenges and Advancements in Post-Quantum Cryptography - Quantum computing leverages unique quantum mechanical properties to achieve unprecedented computational power, enabling significant advancements in parallel processing and energy efficiency [7][10]. - The quantum computing market is expected to reach $10.5 billion by 2027, driven by breakthroughs in specialized quantum computers and applications across various sectors [27]. - The development of post-quantum cryptography is essential to safeguard against the vulnerabilities of traditional encryption methods, with various algorithms being explored to ensure security in a quantum computing era [30][32]. 2. Focus on Future Technological Transformations and Domestic Leaders' Accelerated Layout - Leading domestic enterprises are actively investing in quantum computing and post-quantum cryptography, enhancing their capabilities in algorithm development, hardware innovation, and practical applications [2][3]. - Companies like GuoDun Quantum and Sanwei Xinan are at the forefront of developing comprehensive solutions that integrate quantum key distribution (QKD) and post-quantum cryptography [61][52]. - The report identifies key players such as GuoDun Quantum, Sanwei Xinan, and Jida Zhengyuan as significant contributors to the advancement of post-quantum cryptography technologies [3][47][57].

证券代码：003029 证券简称：吉大正元 公告编号：2025-051 长春吉大正元信息技术股份有限公司 2025 年第二次临时股东会决议公告 1、会议召集人：公司董事会 2、会议召开时间： （1）现场会议时间：2025 年 9 月 15 日 下午 14:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 9 月 15 日上午 9:15—9:25，9:30—11:30，下午 13:00—15:00；通过深圳 证券交易所互联网投票系统投票的时间为2025年9月15日上午9:15—下午15:00。 3、现场会议召开地点：北京市石景山区和平西路 53 号院中海时代广场 B 座 16 层会议室。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决议案的情形。 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、股东出席的总体情况： - 1 - 4、会议主持人：董事长于逢良先生 5、召开方式：本次股东会采用现场投票、网络投票相结合的方式召开 6、股权登记日 ...

关于长春吉大正元信息技术股份有限公司 2025 年第二次临时股东会的 法律意见书 国枫律股字[2025]A0445 号 致：长春吉大正元信息技术股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司 2025 年第二次临时股东会（股东会）（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共 和国证券法》（以下简称《证券法》）、《上市公司股东会规则》《律师事务所从事证 券法律业务管理办法》（以下简称《证券法律业务管理办法》）、《律师事务所证券法律业 务执业规则（试行）》（以下简称《证券法律业务执业规则》）等相关法律、行政法规、 规章、规范性文件及《长春吉大正元信息技术股份有限公司公司章程》（以下简称《公 司章程》）的规定，就本次会议的召集与召开程序、召集人资格、出席会议人员资格、 会议表决程序及表决结果等事宜，出具本法律意见书。 北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 对本 ...

Core Insights - The company Jida Zhengyuan reported that as of August 31, 2025, the total number of shareholders in its consolidated ordinary accounts and margin trading credit accounts is 39,417 [2] Company Summary - Jida Zhengyuan has provided an update on its shareholder count, indicating a total of 39,417 shareholders across its ordinary and margin trading accounts as of the specified date [2]

证券代码：003029 证券简称：吉大正元 公告编号：2025-050 长春吉大正元信息技术股份有限公司 2025 年事业合伙人持股计划第一次持有人会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、持有人会议召开情况 长春吉大正元信息技术股份有限公司（以下简称"公司"）2025 年事业合 伙人持股计划第一次持有人会议于 2025 年 9 月 12 日以现场和通讯相结合的方式 在公司会议室召开，本次会议由董事会秘书李泉女士召集和主持。出席本次会议 的持有人 23 人，代表 2025 年事业合伙人持股计划份额 5,219,800 份，占公司 2025 年事业合伙人持股计划总份额的 100%。本次会议的召集、召开符合有关法 律法规、规范性文件及公司《2025 年事业合伙人持股计划》《2025 年事业合伙 人持股计划管理办法》的有关规定。 出席会议的持有人对本次会议的全部议案进行了认真审议，会议采取书面表 决、记名投票的方式审议通过如下议案： （一）审议通过《关于设立长春吉大正元信息技术股份有限公司 2025 年事 业合伙人持股计划管理委员会的议案》 ...

证券代码：003029 证券简称：吉大正元 公告编号：2025-049 长春吉大正元信息技术股份有限公司 关于召开 2025 年第二次临时股东会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 根据长春吉大正元信息技术股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日召开的第九届董事会第十八次会议决议，公司董事会定于 2025 年 9 月 15 日召开 2025 年第二次临时股东会，具体内容详见公司于 2025 年 8 月 28 日披 露于巨潮资讯网的《关于变更公司注册地址并修订<公司章程>的公告》（公告编 号：2025-047）以及《关于召开 2025 年第二次临时股东会的通知》（公告编号： 2025-048）。 本次股东会采用现场表决与网络投票相结合的方式召开，为方便公司股东行 使表决权，现将有关事项通知如下： 2、网络投票时间为：2025 年 9 月 15 日 3、通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 9 月 15 日上午 9:15—9:25，9:30—11:30，下午 13:00—15:00。 4 ...

Core Viewpoint - The company, Jida Zhengyuan, is involved in the development of network security products and services, with a focus on digital currency and identity authentication technologies, amidst a challenging financial performance in recent periods [2][9]. Group 1: Company Overview - Jida Zhengyuan Information Technology Co., Ltd. is located in Changchun, Jilin Province, and was established on February 12, 1999, with its listing date on December 24, 2020 [8]. - The company's main business includes network security products (53.97% of revenue), network security services (36.19%), and network security ecosystem (9.83%) [8]. - The company operates in the software development sector, specifically in vertical application software, and is associated with concepts such as Ant Financial, cross-border payments, Huawei automotive, electronic identity cards, and smart vehicles [8]. Group 2: Financial Performance - As of July 31, the number of shareholders for Jida Zhengyuan was 36,700, a decrease of 15.61% from the previous period, while the average circulating shares per person increased by 18.50% to 4,719 shares [9]. - For the first half of 2025, the company reported revenue of 177 million yuan, a year-on-year decrease of 18.27%, and a net profit attributable to shareholders of -43.13 million yuan, down 38.30% year-on-year [9]. - The company has distributed a total of 61.81 million yuan in dividends since its A-share listing, with no dividends distributed in the last three years [10]. Group 3: Market Activity - On August 29, Jida Zhengyuan's stock price fell by 1.71%, with a trading volume of 193 million yuan and a turnover rate of 4.01%, resulting in a total market capitalization of 5.357 billion yuan [1]. - The main capital inflow for the day was -15.6389 million yuan, accounting for 0.08% of the total, indicating a trend of capital reduction over three consecutive days [5][6]. - The average trading cost of the stock is 28.94 yuan, with the stock price approaching a resistance level of 27.90 yuan, suggesting potential for a price correction if this level is not surpassed [7].

Financial Performance - The company reported total revenue of 177 million, a year-on-year decrease of 18.27% [1] - The net profit attributable to the parent company was -43.13 million, down 38.3% year-on-year [1] - In Q2, total revenue was 116 million, showing a year-on-year increase of 28.7% [1] - The net profit attributable to the parent company in Q2 was -12.39 million, an increase of 16.68% year-on-year [1] - The gross margin was 55.48%, a decrease of 2.51% year-on-year [1] - The net margin was -20.84%, down 75.73% year-on-year [1] - Total selling, administrative, and financial expenses amounted to 99.23 million, accounting for 55.98% of revenue, an increase of 11.41% year-on-year [1] - Earnings per share were -0.22, a decrease of 37.5% year-on-year [1] Cash Flow and Financial Health - The company's accounts receivable accounted for 63.68% of total revenue [1] - The cash flow per share was -0.3, an increase of 44.35% year-on-year [1] - The company's cash flow situation is concerning, with cash and cash equivalents to current liabilities at only 88.63% [2] - The average operating cash flow over the past three years has been negative, indicating financial strain [2] Investment Returns - The company's historical median ROIC since listing is 10.47%, but the ROIC for the worst year, 2023, was -11.48% [2] - The company has reported losses in three out of four years since its IPO, indicating a fragile business model [2]