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]

一家汽车网络安全公司的高管表示，汽车制造商不愿讨论他们在电动汽车充电基础设施领域的网络 安全努力，因为这样做会暴露潜在的弱点，招致审查。 "没有哪个汽车制造商愿意说，'我们这里有问题。'"Upstream Security公司负责全球和战略项目的朱 塞佩·塞里奥（Giuseppe Serio）说，这立即引发了对责任和消费者信任的担忧。 Upstream Security是一家为汽车、智能出行和物联网生态系统提供基于云的网络安全和数据管理服 务的领先供应商，该公司发布的《2025汽车与智能出行网络安全报告（2025 Automotive & Smart Mobility Cybersecurity Report）》指出，尽管监管方面的关注度有所增加，但网络攻击的数量、规 模和严重程度仍在持续增长，这让人产生一种虚假的安全感和韧性错觉。 撰 文 / 钱亚光 设 计 / 琚 佳 来 源 / upstream.auto, www.autonews.com, www.automotiveaddicts.com 电动汽车充电基础设施是未来交通运输领域不可或缺的一部分，但它同时也带来了日益严峻的网络 安全挑战。电动汽车革命 ...

关注防走丢 随着华尔街进入三月，财报让我们可以了解各行各业如何应对当前的经济形势。 零售商成为焦点 ，行业领导者如 Target (NYSE: TGT )、 Costco (NASDAQ: COST)、 Best Buy (NYSE: BBY ) 和 Macy's (NYSE: M ) 将公布其季度业绩。与此同时，Abercrombie & Fitch (NYSE: ANF )、Ross Stores (NASDAQ: ROST ) 和 The Gap ( GAP ) 将为 零售行业带来更多见解。 科技公司的财报也将受到密切关注 ，包括 博通 (NASDAQ: AVGO )、CrowdStrike (NASDAQ: CRWD )、 京东 (NASDAQ: JD )、 惠 普 (NYSE: HPE )、 MongoDB (NASDAQ: MDB ) 和 Marvell Technology (NASDAQ: MRVL ) 的财报。这些公司将提供有关企业需 求、人工智能采用和网络安全趋势的重要更新。 可再生能源和电动汽车基础设施领域也将有代表 ，包括 Plug Power (NASDAQ: PLUG )、 Cha ...

3月3日至3月9日当周重磅财经事件一览，以下均为北京时间： 重点关注：重磅事件方面，全国政协十四届三次会议、十四届全国人大三次会议分别于将于3月4日、5 日在北京召开；特朗普在美国国会演讲、主持白宫加密货币峰会、加墨关税实施。 经济数据方面，美国2月非农、中国2月CPI、财新PMI、进出口数据，欧央行利率决议，以及鲍威尔等 美联储官员讲话、美联储经济状况褐皮书。 地缘政治方面，欧盟将于3月6日再次召开紧急峰会，讨论乌克兰和欧洲安全的下一步行动；埃及召开紧 急阿拉伯峰会，讨论巴勒斯坦局势。 全国 两会 据新华社报道，中国人民政治协商会议第十四届全国委员会常务委员会第十次会议决定：中国人民政治 协商会议第十四届全国委员会第三次会议于2025年3月4日在北京召开。 建议会议的主要议程是：听取和审议中国人民政治协商会议全国委员会常务委员会工作报告和全国政协 十四届二次会议以来提案工作情况的报告；列席中华人民共和国第十四届全国人民代表大会第三次会 议，听取并讨论政府工作报告及其他有关报告。 根据决定，十四届全国人大三次会议将于2025年3月5日在北京召开。 决定建议十四届全国人大三次会议的议程是：审议政府工作报告；审查 ...

在信息时代，信息的快速传播无疑为我们带来了便利，与此同时，信息的真实性与准确性也成为了亟待解决的问题。 近期，多家知名金融机构如大华银行、中国银联以及支付宝纷纷发布辟谣声明，以澄清网络上流传的不实信息，提醒公众提 高警惕，防止被不法分子利用。 "这一系列事件凸显了在信息爆炸的时代背景下，确保信息的真实性和准确性已成为一项迫切且至关重要的任务。"有支付机 构风控人士向券商中国记者表示，公众需提高警惕，避免被虚假信息误导；金融机构也应继续加强网络监管和辟谣工作，及 时澄清不实信息，维护公众利益。 大华银行：未开设"小红书"官方账号 2月27日，大华银行在官网发布了《关于小红书平台出现"大华银行上海分行"等虚假账户的郑重声明》。 该行声明称，近期，大华银行（中国）有限公司发现有不法分子通过"小红书"社交平台冒用"大华银行上海分行"、"大华银 行"名义注册账号，发布虚假信息及开展非法活动。该行已于2月21日向小红书平台进行举报，并于2月25日接收到平台反馈 该账号涉嫌侵权，平台已做相应处理的回复。该行也已就此事向属地派出所报案。 大华银行表示，此类行为已经严重侵害该行声誉和合法权益，并可能对公众造成误导及财产损失。 ...

TikTok 突然有了转机，拜登和特朗普都想救，周受资还要参加特朗普就职仪式。 按照 "不卖就禁" 法案规定，TikTok 将在本周日被封禁。去年推动这份法案生效的拜登政府被报道 正考虑如何让 TikTok 在周日继续运行。将在下周一接任拜登的特朗普也考虑在上任后发布行政 令，暂缓执行法案 60-90 天。一名知情人士称特朗普渴望被视为能 "达成交易"。 按法案规定，只有 TikTok 出售显出进展，美国总统才可以再将封禁期限延长 90 天。这意味着就算 拜登拥有裁量权，也需要事实佐证。等特朗普上台时，封禁期限已过，能否继续延期则存在争议， 只靠行政令保护 TikTok 可能存在法律漏洞。2020 年时，还站在 TikTok 对立面的特朗普曾试图用 行政令封禁 TikTok，最终没有如愿。 另据报道，TikTok CEO 周受资受邀参加特朗普的就职仪式，被安排在按惯例为前总统、总统家人 和其他重要嘉宾保留的区域。和周受资一起受邀的还有马斯克、扎克伯格和贝索斯：一个是可能买 下 TikTok 的潜在老板，一个是散播 TikTok 威胁论的竞争对手，一个是也想和特朗普处好关系的同 路人。 任天堂 Switch 2 ...