Group 1 - The core viewpoint of the article is that AsiaInfo Technology (688225.SH) reported significant revenue growth but also incurred substantial net losses in the first half of 2025 [1] Group 2 - The company achieved operating revenue of 3.124 billion yuan, representing a year-on-year increase of 372.81% [1] - The net loss attributable to shareholders of the listed company was 356 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 252 million yuan, with a basic loss per share of 0.9214 yuan [1]

21日，CSOP2025网络安全运营实战大会在北京拉开序幕。多位安全专家在大会上探讨实战安全运营新 策略，分享关键基础设施防护实战经验，以构建更具韧性的网络安全防线。 新态势下的新实战 实战在网络安全中居于核心地位，是检验防御体系有效性、提升应对能力的关键标志和终极目标。 中新网北京8月21日电 (记者 刘亮)网络安全，被视为"一场没有硝烟的战争"，其牵一发而动全身，既事 关国家安全和国家发展，也和广大民众的切实利益息息相关。随着全球信息化步伐加快，网络安全也不 断面临新挑战。 具体到办公终端而言，微步在线技术合伙人黄雅芳表示，面对钓鱼木马、漏洞攻击以及合法凭据、工具 的滥用，以EDR(终端检测与响应)为代表的高级威胁对抗技术，也面临着理解复杂攻击行为不易准确理 解、检测的实时性与准确性之间难以平衡、被致盲与绕过等困境，需要在安全运营中做到及时的检测响 应、常态化的威胁狩猎、构建企业特有的检测能力。 智能驱动，从被动应对到主动防御 金山云企业安全负责人刘鹏指出，网络攻击的新态势，是攻击频率加快、规模扩大，攻击手段更加多 样、隐蔽，攻击目标转向集权、核心系统，攻击流程更加自动化、智能化，只有通过"主动防御+纵深 ...

Group 1 - The core viewpoint of the article highlights that AsiaInfo Technology (SH 688225) reported significant revenue growth in its semi-annual performance, with a revenue of approximately 3.124 billion yuan for the first half of 2025, representing a year-on-year increase of 372.81% [2] - The company reported a net loss attributable to shareholders of approximately 356 million yuan for the first half of 2025, compared to a net loss of about 192 million yuan in the same period of 2024 [2] - Basic earnings per share for the first half of 2025 were a loss of 0.9214 yuan, compared to a loss of 0.4803 yuan in the first half of 2024 [2]

亚信安全（SH 688225，收盘价：21.95元）8月21日晚间发布公告称，本次计提资产减值准备及确认公 允价值变动合计影响公司2025年上半年度合并报表利润总额约2.55亿元。上述金额未经审计，最终以会 计师事务所年度审计确认的金额为准。 （文章来源：每日经济新闻） 2024年1至12月份，亚信安全的营业收入构成为：网络安全行业占比100.0%。 ...

中国计算机学会计算机安全专业委员会主任严明、中关村科学城管委会产业促进二处副处长戴丹为大会 致辞。 新态势下的新实战 实战在网络安全中居于核心地位，是检验防御体系有效性、提升应对能力的关键标志和终极目标。 "我们的安全运营面临八大硬核难题，包括钓鱼攻击、漏洞管理、海量告警、高质量日志缺失、凭证泄 露与滥用、加密流量检测、攻防时间不对称以及不断扩大的攻击面。"微步在线创始人兼CEO薛锋说， 想要解决这些问题，必须回归安全运营的本质，通过提升基础能力而非盲目追逐热点，才能实现安全能 力的质变。 8月21日，年度网络安全盛会——CSOP 2025网络安全运营实战大会在北京拉开序幕。本次大会以"新态 势·新实战"为主题，吸引了来自政府机构、国央企、科研院所、顶尖高校、运营商、大型金融机构、互 联网头部企业等多位安全专家，共同探讨了实战安全运营新策略，分享关键基础设施防护实战经验，合 力构建更具韧性的安全防线。 金山云企业安全负责人刘鹏介绍了企业安全在梳理、评估、布防、演练、保障等阶段的要点。在他看 来，网络攻击的新态势，是攻击频率加快、规模扩大，攻击手段更加多样、隐蔽，攻击目标转向集权、 核心系统，攻击流程更加自动化 ...

Core Insights - The company reported a revenue of 737 million yuan for 2024, representing a year-on-year growth of 34.37%, but faced a net loss of 119 million yuan [1][2] - In Q1 2025, the company achieved a revenue of 308 million yuan, showing a significant year-on-year increase of 444.91%, but continued to incur losses [1][3] Financial Performance - For 2024, the company’s revenue growth was driven by significant increases in income from security gateways and security services, particularly from new AI security products [2] - The company’s operating cash flow turned positive at 157 million yuan in 2024, despite the net losses [1] - The increase in expenses, particularly in sales (up 122.45%), management (up 55.78%), and R&D (up 26.08%), contributed to the net loss [2] Business Development - The company is focusing on core technology innovation and has made strides in AI security solutions, with several products receiving industry recognition [4] - Strategic partnerships have been established to enhance capabilities in AI and security, including collaborations with major tech firms and participation in industry initiatives [4] Future Outlook - The company is expected to see continued improvement in performance due to the successful rollout of new business lines and enhanced operational efficiency [5] - Revenue forecasts for 2025-2027 have been adjusted upwards, with projected revenues of 814 million yuan, 922 million yuan, and 1.055 billion yuan respectively [5]

Core Insights - Tianrongxin reported a revenue of 826 million yuan for the first half of 2025, with a year-on-year growth of 8.72% in the second quarter [1] - Net profit increased by 68.56% year-on-year, and gross margin rose by 4.1 percentage points [1] - Total sales, research and development, and management expenses decreased by 14.04% year-on-year [1] Industry Developments - The development momentum of trusted data space is strong, with market potential expected to expand further due to ongoing policy implementation [1] - Tianrongxin has completed a strategic layout for trusted data space access connectors and service platforms, ensuring a full-process trustable, controllable, and measurable flow of data elements [1] - Solutions have been applied in key infrastructure sectors such as telecommunications and energy [1] Strategic Collaborations - Tianrongxin has formed a strategic partnership with the Zhongguancun Robot Innovation Center to jointly tackle technical challenges and integrate product solutions [1] - This collaboration aims to accelerate the integration of intelligent industries and enhance security assurance in robotic applications [1]

Group 1 - The core viewpoint of the report indicates a significant increase in operating revenue but a substantial net loss for the company in the first half of 2025 compared to the same period in 2024 [2][3]. - Total assets decreased by 12.93% from the end of the previous year, amounting to approximately 11.64 billion yuan [2]. - The net assets attributable to shareholders decreased by 16.48%, totaling approximately 1.80 billion yuan [2]. Group 2 - Operating revenue for the reporting period reached approximately 3.12 billion yuan, representing a 372.81% increase compared to the same period last year [2]. - The total profit for the period was a loss of approximately 578.55 million yuan, compared to a loss of 192.23 million yuan in the previous year [2]. - The net profit attributable to shareholders was a loss of approximately 356.15 million yuan, compared to a loss of 192.11 million yuan in the same period last year [2]. Group 3 - The net cash flow from operating activities was negative, amounting to approximately -924.65 million yuan, compared to -300.22 million yuan in the previous year [2]. - The weighted average return on net assets decreased by 8.56 percentage points to -18.02% [2]. - Basic earnings per share were reported at -0.9214 yuan, compared to -0.4803 yuan in the previous year [2]. Group 4 - The total number of shareholders at the end of the reporting period was 8,901 [3]. - The largest shareholder, Yaxin Xinyuan (Nanjing) Enterprise Management Co., Ltd., holds 15.50% of the shares, totaling approximately 62.01 million shares [3]. - Other significant shareholders include Tianjin Yaxin Xinhai Economic Consulting Co., Ltd. and Beijing Yaxin Runfang Consulting Center, holding 4.83% and 2.77% of shares, respectively [3].

事会第十九次会议以现场结合通讯方式召开，本次会议通知已于2025年8月10日传 达至公司全体监事，会议应到监事3人，实到监事3人。会议的召集、召开程序符 合《中华人民共和国公司法》和《亚信安全科技股份有限公司章程》 （以下简称"《公 司章程》 "）的规定。会议审议以下事项： 证券代码：688225 证券简称：亚信安全 公告编号：2025-053 亚信安全科技股份有限公司 本公司监事会及监事会全体成员保证公告内容不存在虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 二、监事会会议审议情况 记的议案》 监事会认为：根据《公司法》 《上市公司章程指引（2025 年修订）》 （以下简称 "《章程指引》"）等相关法律、法规和规范性文件的规定，公司拟不再设置监事会 与监事，监事会的相关职能由董事会审计委员会行使，公司各项规章制度中涉及 监事会、监事的规定不再适用，并相应修订《公司章程》暨废止《监事会议事规 则》。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 监事会认为：根据《公司法》 《章程指引》等法律法规和规范性文件的规定， 并结合公司实际情况 ...

Core Viewpoint - The company is actively implementing the "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan, focusing on enhancing its core business and optimizing operational efficiency while navigating the evolving landscape of the cybersecurity industry driven by AI and cloud transformation [1][2][18]. Group 1: Business Performance - In the first half of 2025, the company achieved a total revenue of 3.124 billion yuan, with a net loss attributable to shareholders of 356 million yuan, and a net profit excluding non-recurring losses of -252 million yuan [1]. - The cybersecurity segment reported a gross margin at its highest level for the same period, indicating effective quality improvement and efficiency enhancement measures [2]. - The revenue contribution from standardized security services increased to 64.6%, a year-on-year growth of 9%, while solution-based business revenue accounted for 25% [3]. Group 2: Industry Trends - The cybersecurity industry is transitioning from a compliance-driven model to a demand-driven one, with significant structural demand emerging, particularly in key sectors such as telecommunications, finance, energy, and smart manufacturing [2]. - The company is enhancing its capability-based product development to meet the needs of high-value industry clients, focusing on improving operational quality and increasing the proportion of standardized product revenue [2][3]. Group 3: Product Development and Innovation - The company launched the AI XDR integrated defense system, which represents a significant upgrade in cybersecurity defense capabilities, addressing modern network attack challenges [9]. - The introduction of the "TrustOne" terminal security product, which integrates with the HarmonyOS, marks a significant advancement in the company's product offerings [11]. Group 4: Governance and Compliance - The company is optimizing its internal governance structure to enhance compliance and risk management, including the cancellation of the supervisory board and strengthening the audit committee's role [14]. - A comprehensive internal control system is being established to ensure risk management is integrated into all business processes, promoting a culture of risk awareness [15]. Group 5: ESG Commitment - The company is committed to sustainable development, having released its 2024 Sustainability Report, which integrates ESG factors into its strategic decision-making and daily operations [16]. - Initiatives include developing low-energy consumption cybersecurity solutions and promoting a green supply chain in collaboration with industry partners [16]. Group 6: Investor Relations - The company maintains a robust investor communication strategy, ensuring timely and accurate disclosure of information, and actively engaging with investors through various platforms [17]. - The company hosted the 2025 C3 Security Conference to facilitate direct communication between capital market institutions and industry experts, enhancing investor understanding of industry trends [17].