1 | 附件清单 | | 无 | | --- | --- | --- | | 日期 | 归属于上市公司股东的净利润为 | 3,060 万元。 2025 年 4 月 23 日 | 2 杭州迪普科技股份有限公司 2024 年度业绩说明会 投资者关系活动记录表 | 投资者关 系活动类 | □特定对象调研 □分析师会议 □媒体采访 业绩说明会 | | --- | --- | | 别 | □新闻发布会 □路演活动 □现场参观 □其他 | | 参与单位 | 迪普科技 2024 年度业绩说明会采用网络远程方式进行，面向全体投资者。 | | | 因本次投资者关系活动采取线上会议形式，参会者无法签署调研承诺函。在交流活动 | | 名称及人 员姓名 | 中，公司严格遵守相关规定，保证信息披露真实、准确、及时、公平，没有发生未公 | | | 开重大信息泄露等情况。 | | 时间 | 2025 年 4 月 23 日 15:00-17:00 | | 地点 | 深圳证券交易所"互动易平台"http://irm.cninfo.com.cn"云访谈"栏目 | | 上市公司 | 董事长：郑树生 | | | 董事、经理、董秘：邹禧典 | | ...

以下文章来源于轩辕的编程宇宙 ，作者轩辕之风 轩辕的编程宇宙 . 《趣话计算机底层技术》的作者轩辕之风，前百度、360、奇安信高级安全研发工程师 大 家 好 ， 我 是 轩 辕 。 你 在 工 作 中 捅 出 最 大 的 篓 子 是 什 么 ？ 最 近 我 刷 V 站 ， 发 现 有 人 发 了 这 么 一 则 帖 子 ： 他 们 内 网 某 台 电 脑 中 了 毒 ， 然 后 通 过 这 台 电 脑 ， 在 内 网 进 行 扫 描 ， 扫 到 了 内 网 部 署 的 G i t l a b 服 务 ， 刚 好 不 巧 ， 这 G i t l a b 用 的 还 是 弱 口 令 ， 这 下 好 了 ， 直 接 给 你 代 码 扒 拉 干 净 。 更 要 命 的 是 ， 一 些 线 上 服 务 的 私 钥 也 泄 露 了 ， 直 接 给 扒 了 个 底 朝 天 。 楼 主 没 有 详 细 描 述 太 多 细 节 ， 如 果 他 们 这 内 网 是 物 理 上 隔 绝 互 联 网 的 ， 问 题 倒 还 好 ， 但 凡 某 一 台 设 备 可 以 联 通 互 联 网 ， 那 事 儿 确 实 就 麻 烦 了 。 一 ...

Core Viewpoint - The company is a leading provider in the domestic terminal security management field, offering comprehensive information security solutions that support national strategies for information technology innovation and security [3][4]. Company Overview - The company is recognized as a leader in terminal security management and a prominent solution provider in the network and information security sector, serving critical industries such as government, military, finance, and energy [3][4]. - The company has developed a complete ecosystem of information security products and solutions, focusing on three main areas: information security and innovation, high-security communication, and national defense intelligence [3][4]. Main Business and Product Introduction Information Security and Innovation - The company has established a "pan-terminal" security management system that integrates various types of terminals, enhancing network security management capabilities [5][6]. - The company has launched a new integrated internal network security management platform that addresses compatibility issues among different security systems, improving user experience [5][6]. High-Security Communication and Mobile Office - The company has developed a secure instant communication platform, "Xinyuan Mixin," which supports various applications and enhances digital transformation for government and enterprise clients [23][24]. - The platform employs advanced security measures, including end-to-end encryption and multi-dimensional protection, ensuring data confidentiality during transmission and storage [24][25]. National Defense Intelligence and Ecological Construction - The company is addressing complex security challenges in national defense by integrating intelligent security management systems that utilize advanced technologies such as AI and blockchain [36][37]. - The company has implemented a multi-layered defense mechanism for military facilities, enhancing security through real-time monitoring and intelligent decision-making [37][38]. Financial Audit and Reporting - The company received a standard unqualified audit opinion from its accounting firm, indicating a stable financial position [2]. - The company has not declared any cash dividends or stock bonuses for the reporting period, focusing on reinvestment for growth [2]. Strategic Development - The company is committed to aligning its product offerings with national strategies for information security and innovation, actively participating in the development of a secure and reliable ecosystem for information technology [8][19]. - The company is expanding its product matrix to include a comprehensive range of security solutions that cover the entire lifecycle of data protection, from storage to transmission and application [19][20].

Core Viewpoint - Booz Allen Hamilton's shares declined significantly following the announcement of $5.1 billion in cuts from the Department of Defense budget, raising concerns about the company's reliance on government contracts [1][2]. Group 1: Financial Impact - The Department of Defense announced $5.1 billion in budget cuts, with $1.8 billion specifically allocated to consulting companies, including Booz Allen [2][3]. - Booz Allen's stock has already decreased by 43% from its pre-election all-time highs, suggesting that some negative expectations may already be reflected in the stock price [3][4]. Group 2: Company Performance - Over the past 12 months, Booz Allen reported $11.8 billion in revenue, growing at a double-digit rate, and had a backlog of $39.4 billion as of January [4]. - The recent cuts, while negative, represent a small fraction of the company's overall business, indicating potential resilience [4]. Group 3: Valuation Perspective - Booz Allen's stock is currently trading at around 16 times earnings, which is lower than the average in the low 20s over the past decade, suggesting it may present a value opportunity [5].

Core Viewpoint - The article discusses the evolution and current issues surrounding CAPTCHA systems, highlighting their ineffectiveness against advanced bots and the potential security risks they pose to users [1][2][3]. Group 1: CAPTCHA's Original Purpose and Evolution - CAPTCHA, which stands for "Completely Automated Public Turing test to tell Computers and Humans Apart," was invented in the late 1990s to prevent bots from abusing website resources [2]. - Initially designed to thwart spam and fake account creation, CAPTCHA has evolved from simple text distortions to more complex image and audio tests due to advancements in bot technology [3]. Group 2: Current Challenges and Risks - Recent studies indicate that advanced bots can nearly achieve 100% accuracy in solving distorted text CAPTCHAs, while human users only manage a success rate of 50% to 84% [3]. - The increasing complexity of CAPTCHAs leads to user frustration, often resulting in users abandoning web pages altogether [3][4]. - Cybersecurity experts warn that CAPTCHA is now being exploited by hackers as a tool for scams, particularly in investment fraud schemes [2]. Group 3: Alternatives and Future Directions - New technologies are being developed to identify human users without explicit CAPTCHA tests, such as monitoring mouse movements and typing patterns, but these raise privacy concerns [3][4]. - Biometric identification and government ID scanning are considered more reliable alternatives, yet their implementation faces challenges and public resistance [4]. - The current landscape suggests that while CAPTCHA is outdated and potentially harmful, effective and secure alternatives have yet to become widely adopted [4].

每经评论员杜宇 对于投资者而言，中孚信息的案例提醒我们，即使在行业前景广阔的情况下，公司内部的治理问题和管 理层的稳定性也至关重要。在面对公司管理层变动等突发事件时，投资者需保持警惕，密切关注公司后 续的公告和调查结果，避免因短期波动而盲目决策。中孚信息能否在管理层变动和业绩压力的双重挑战 下平稳过关，还需看其后续如何应对。 （文章来源：每日经济新闻） 中孚信息作为国内网络安全、数据安全领域的先行者，自2002年成立以来，在行业内深耕多年，本应凭 借先发优势和行业红利实现稳健发展。然而，2024年年报显示，公司营业收入同比下降14.52%，归母 净利润亏损1.25亿元，尽管亏损额较去年同期有所减少，但整体经营状况仍面临较大压力。公司解释 称，经营环境受到市场需求释放延后及招投标节奏延缓等因素影响，导致营业收入未达预期。不过，即 便在这样的背景下，公司管理层的稳定性也显得尤为重要。 此次被留置调查的孙强，自2002年起便在中孚信息任职，多年来在公司担任多个关键职务。在公司业绩 承压的关键时期，董秘被留置的消息难免会让市场对公司的内部治理和未来发展前景产生担忧。尽管公 司迅速安排副总经理、财务总监张丽代行董事会秘 ...

Core Viewpoint - The company reported a slight decline in revenue and net profit for 2024, while showing strong growth in cloud computing and IT infrastructure segments, particularly in hyper-converged infrastructure products [1][2]. Financial Performance - The company's total revenue for 2024 was 7.52 billion yuan, a year-on-year decrease of 1.86% [1]. - The net profit attributable to shareholders was 197 million yuan, reflecting a minor decline of 0.49% year-on-year [1]. - Revenue from the cybersecurity business was 3.63 billion yuan, down 6.75% year-on-year [1]. - Revenue from cloud computing and IT infrastructure reached 3.38 billion yuan, marking a growth of 9.51% year-on-year [1]. - The basic network and IoT business generated 506 million yuan, a significant decrease of 25.53% year-on-year [1]. Market Position - The company maintained a stable industry position, ranking first in the hyper-converged market in China with a market share of 17.5% in 2023, which increased to 18.8% in Q3 2024 [1]. - In Q3 2024, the company's EDS storage held an 11.1% market share, ranking fourth in the Chinese file storage market [1]. - The company's XDR platform was recognized as a "leader" in the market, and its managed security services (MSS) have been ranked first in the remote managed security service market for seven consecutive years [1]. Product Development - In October 2024, the company launched version 4.0 of its data security model, which automates the classification and grading of static and flowing data, significantly improving efficiency [2]. - The next-generation firewall, enhanced by AI, was released, providing industry-leading protection against new threats such as mining, malware, and advanced persistent threats (APT) [2]. Investment Outlook - The company is expected to continue performing well in the cybersecurity and cloud computing sectors, with projected EPS of 0.77, 1.00, and 1.50 yuan for 2025, 2026, and 2027 respectively, maintaining a "buy" rating [2].

| (人民币百万元) | 2024年 | | --- | --- | | ICT基础设施业务 | 369,903 | | 终端业务 | 339,006 | | 云计算业务 | 38,523 | | 数字能源业务 | 68,678 | | 智能汽车解决方案业务 | 26,353 | | 其他业务 | 19,609 | | 合计 | 862,072 | 3月31日，华为发布2024年年度报告。报告显示，华为经营结果符合预期，实现全球销售收入8621亿元，净利润626亿元。2024年研发投入达到1797亿元，约 占全年收入的20.8%，近十年来累计投入的研发费用超过12490亿元。 孟晚舟透露，华为云、鲲鹏、昇腾和鸿蒙生态正在快速发展。截至2024年年底，鲲鹏、昇腾已发展665万开发者、8500多家合作伙伴，鸿蒙开发者超720万， 设备超10亿台。她指出，人工智能浪潮冲击在于变化速度。华为坚信网络安全与隐私保护是数智世界基石，致力于通过管理优化、技术创新、开放合作来打 造安全能力，与客户、供应商、伙伴共建网络安全和隐私保护能力，守护数智世界的美好生活。 具体来看，2024年，华为ICT基础设施业务实现营收3699. ...

Financial Data and Key Metrics Changes - The company improved its gross profit by 8% to $5.4 million in 2024, resulting in an adjusted gross margin of 78% compared to 64% in 2023 [10][30] - The net loss for 2024 improved to $4.3 million or $2.85 per share from a net loss of $8.5 million or $21.21 per share in 2023 [30] - Cash burn was reduced by 23% to $2.9 million in 2024 from $3.8 million in 2023 [11] Business Line Data and Key Metrics Changes - High-margin software license fee revenue increased by 20% to $5.2 million in 2024, while service revenue declined to $1.1 million from $2.2 million in 2023 [10][26] - In Q4 2024, license fee revenue increased by 77% to $1 million, while lower-margin services decreased by 28% to $344,000 [27] Market Data and Key Metrics Changes - The company is seeing growing demand for its passwordless, phoneless, and tokenless authentication solutions, particularly in the Middle East and Asia [14][20] - The company secured a $910,000 contract with a foreign financial services client to implement biometric identification technology [15] Company Strategy and Development Direction - The company exited low-margin software and services relationships to focus on core solutions like PortalGuard IAM and identity-bound biometrics, which have stronger technology and higher gross margins [9][10] - The company is exploring future business opportunities in emerging markets, including IoT solutions and drone technology [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2025, citing encouraging order activity and customer interest in their solutions [12][20] - The company expects to return to growth and improve profitability in 2025, with a focus on managing operating costs and investing in R&D [23][49] Other Important Information - The company reduced its outstanding debt to approximately $730,000 from $1.5 million at the end of 2024 [7] - The company launched PortalGuard IDAS on the AWS marketplace, enhancing its subscription-based business model [22] Q&A Session Summary Question: Clarification on 10-K filing and restatements - The company confirmed that the 10-K is expected to be filed on Monday and that there are no new restatements [35] Question: Changes in revenue expectations for 2024 - Management explained that the transition from the Swivel Secure business caused a revenue delta of about $800,000 to $900,000 for the full fiscal 2024 [39] Question: Outlook for hardware and service revenue - Management expects growth in both hardware and service revenue in 2025, with hardware sales becoming more integrated into contracts [55] Question: Details on the $910,000 contract - A significant portion of the $910,000 contract will be recognized in Q1 of 2025, with about $250,000 recognized in Q4 2024 [57] Question: Update on Nigeria ID plans - Management noted ongoing discussions with the World Bank regarding ID plans in Nigeria, but no specific updates on contracts [68]

Group 1 - The stock of Qi Anxin (U688561) has a comprehensive score of 40.50, indicating a weak performance [1] - The main cost analysis shows that the current main cost is 34.54 CNY, with a 5-day main cost of 34.69 CNY and a 20-day main cost of 32.91 CNY [1] - Over the past year, the stock has not experienced any limit-up or limit-down events [1] Group 2 - On March 27, 2025, the net outflow of main funds was 615.50 million CNY, accounting for 3% of the total transaction amount [2] - The stock faced short-term resistance at 36.72 CNY and support at 34.25 CNY, with similar mid-term levels [2] - Related industry sectors such as software development, domestic software, network security, and industrial interconnection experienced declines of -0.44%, -0.61%, -0.72%, and -0.90% respectively [2]