Core Points - The 2025 Changzhou Cultural Industry (Talent) Promotion Conference was held in Tianjin, aiming to create a "green channel" for talent from the Beijing-Tianjin-Hebei region to develop in the Yangtze River Delta [1] - Changzhou has attracted 4,049 talents from Tianjin since 2020, including 353 graduates from Tianjin University [1] - The event featured 33 cultural enterprises from Changzhou offering over 200 high-quality positions with annual salaries exceeding 100,000 yuan, covering emerging fields such as cultural equipment manufacturing, film and animation, and digital copyright [1] Talent and Cooperation - Changzhou has signed multiple cooperation agreements with the Beijing-Tianjin-Hebei region, focusing on cultural tourism consumption, talent training, cultural media, and school-enterprise collaboration [2] - The city has introduced over 350,000 various talents in the past three years, launched nearly 5,000 leading innovative entrepreneurial projects, and facilitated the listing of 11 talent enterprises with a total market value of 57.4 billion yuan [2]

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].