Core Points - The Shanghai Municipal Cyberspace Administration held a meeting to discuss the management of network and data security technical support units for the year 2025 [1] - Certificates were awarded to the new network and data security technical support units, and the performance of these units over the past year was reviewed [1] - The meeting emphasized the importance of enhancing political awareness and ensuring high-level security to support high-quality development and openness [1] Summary by Categories Performance Review - The meeting provided feedback on the performance of technical support units in areas such as network security inspections, threat intelligence reporting, and security guarantees during critical periods [1] - Two units shared their experiences and insights during the meeting [1] Strategic Directions - The meeting called for identifying the right positioning, broadening perspectives, and strengthening accountability to effectively support the city's network and data security [1] - It highlighted the need for targeted and distinctive support work to safeguard network and data security [1] Innovation Focus - The meeting stressed the importance of innovation as a core driving force for development, urging participants to actively seize the technological high ground in network and data security [1] - A total of 80 responsible individuals from network and data security technical support units attended the meeting [1]

Core Insights - The forum focused on the national cybersecurity strategy and the development trends of artificial intelligence, emphasizing the theme "New Era, New Engine, Building an Intelligent Cybersecurity Defense Line Together" [1] Group 1: Industry Development - The strong cybersecurity and data security industry is deemed essential for enhancing cybersecurity efforts in the new era, with a call for balancing development and security, as well as defense and innovation [1] - Beijing is positioned as a leading area for digital economy development, prioritizing cybersecurity as a core strategy, with plans to enhance core technology innovation and upgrade key elements [1] Group 2: Corporate Contributions - Central enterprises play a crucial role in building cybersecurity defenses, with China Unicom establishing a centralized, intelligent, and collaborative cybersecurity defense system [2] - China Unicom aims to strengthen foundational research in cybersecurity, break through new technologies, and explore new collaborative models to promote information sharing and resource complementarity within the industry [2] Group 3: Event Highlights - The forum included the release of typical case studies and innovative application demonstration zones for cybersecurity technology in 2024 [2]

Group 1 - The Jiangsu Provincial Department of Industry and Information Technology and the Provincial Communications Administration have launched a special action plan for network and data security to support new industrialization by 2025 [1][2] - By the end of 2025, a list of key enterprises for network security protection will be established, with at least 300 enterprises conducting self-classification and verification, and at least 50 enterprises participating in network security standard compliance trials [1][2] - The action plan emphasizes the importance of managing key industries within the province's "1650" industrial system, including raw materials, consumer goods, and electronic information sectors [2] Group 2 - The plan includes regular risk assessments, remote monitoring, and on-site diagnostics for key enterprises in the "Build Peak and Strengthen Chain" initiative, aimed at enhancing network security services in the industrial sector [2] - Focus will be placed on industries such as petrochemicals, non-ferrous metals, and intelligent connected vehicles, with ongoing special actions to strengthen data security risk prevention [2] - The initiative will also involve the classification and grading of data security, identifying enterprises that possess critical core technologies and are vital for the stability of the industrial chain [2]

Core Viewpoint - Xiling Information is planning a change in control, leading to a suspension of its stock trading starting July 21, 2025, to ensure fair information disclosure and avoid abnormal stock price fluctuations [2][5]. Group 1: Control Change Announcement - On July 20, Xiling Information announced that its controlling shareholders, He Kaiwen and Yue Yamei, are in discussions regarding a potential change in the company's control, which may lead to a change in the actual controller [2]. - No agreements have been signed yet, and discussions are ongoing regarding specific transaction plans and agreements [2]. Group 2: Stock Performance and Market Reaction - On July 18, the stock price of Xiling Information surged, reaching a 20% limit up shortly after the market opened, with significant buying activity from institutional investors [8]. - The stock closed at 18.77 yuan per share on July 18, giving the company a market capitalization of 3.59 billion yuan [10]. Group 3: Business Overview - Xiling Information focuses on three main areas: public safety, network and data security, and the digital economy [6]. - Since its listing in 2017, the company's performance has been declining, with continuous losses reported for five consecutive years starting from 2020 [6].

Core Viewpoint - The Shanghai Municipal Communication Administration has announced a comprehensive network and data security inspection for the telecommunications and internet industry in Shanghai, targeting various service providers and emphasizing compliance with multiple laws and regulations [1] Group 1: Inspection Scope - The inspection will cover basic telecommunications enterprises, internet companies (including cloud service providers, APP and mini-program operators, vehicle networking companies, industrial internet platforms, and identification resolution node enterprises), and domain registration service organizations [1] - Key focus areas include critical information infrastructure, communication network infrastructure, public cloud service platforms, domain service systems, industrial internet platforms, identification resolution systems, and vehicle networking platforms and applications [1] Group 2: Compliance Requirements - Companies are required to implement the "Cybersecurity Law," "Data Security Law," "Personal Information Protection Law," "Regulations on the Management of Network Data Security," "Management Measures for the Protection of Communication Network Security," "Data Security Management Measures in the Industrial and Information Sector (Trial)," and "Regulations on the Protection of Personal Information of Telecommunications and Internet Users" [1] - The inspection aims to ensure that enterprises establish and improve their network data security management systems and protection frameworks, conduct training on laws and regulations, and strengthen daily network and data security management and protection [1]

Business Overview - The company specializes in big data analysis, focusing on public safety, network and data security, and the digital economy [2][3] - It has over 20 years of experience in the government and enterprise big data analysis sector, providing software and solutions tailored to specific industry needs [2][4] Financial Performance - In 2024, the company achieved a revenue of CNY 163 million, a slight increase from the previous year, with a net profit attributable to shareholders of -CNY 60 million [7] - The gross profit increased by 32.18%, with the gross margin rising by 8.43 percentage points, marking two consecutive years of growth [7] - For Q1 2025, the company reported a revenue of CNY 43.48 million, a 50.99% increase year-on-year, but a net profit of -CNY 15.01 million, a slight decrease of 0.48% [8] Strategic Goals - The company aims to accelerate digital transformation in public safety and the digital economy, focusing on specialized services and transitioning to a business model centered on data asset and element operation [5][13] - It plans to enhance its market presence in Xinjiang and East China while exploring opportunities in the digital economy [5][13] Market Position and Competitive Advantage - The company has established a strong market presence, serving over 500 government agencies and institutions across more than 30 provinces and regions [14] - It emphasizes innovation in service delivery and has invested approximately CNY 47.72 million in R&D over the past three years, accounting for about 10% of total revenue [14][15] Risk Management and Future Outlook - The company is focused on improving cash flow and reducing bad debt risks through proactive management of accounts receivable [17][18] - It is committed to maintaining shareholder value through effective communication and potential share buybacks, depending on market conditions [16] International Expansion - The successful launch of the Singapore project marks a significant milestone in the company's international strategy, with plans to expand into countries along the "Belt and Road" initiative [11]