Group 1 - The IASP 2025 World Conference opened in Beijing, focusing on "Excellence Pursuit - Innovation Clusters Driving High-Quality Development," with around 800 participants from 97 countries and regions [2] - The conference featured multilingual translation services, including AI-powered translation by Beixin Source, showcasing its capabilities in language intelligence and secure communication [2][3] - Beixin Source has established itself as a leader in information security in China, providing services across three core areas: information security, mobile office and secure communication applications, and defense intelligence [2] Group 2 - The AI voice translation model developed by Beixin Source is based on its high-security instant communication platform and has been successfully applied in various scenarios, including becoming the official translation service provider for the "Hello! China" initiative [3] - The "AITran" app supports nearly a hundred languages and offers features like low latency, multi-language simultaneous translation, and intelligent terminology matching, making it suitable for high-demand scenarios [4] - The global cross-language communication market is projected to exceed $100 billion by 2025, with the enterprise segment accounting for approximately 70% and a compound annual growth rate of 25% [5]

9月17日，国际科技园及创新区域协会（IASP）2025年世界大会在北京国家会议中心开幕。这是北京第 四次举办该全球科技园区顶级盛会。大会以"追求卓越——创新集群助力高质量发展"为主题，由国际科 技园及创新区域协会（IASP）和北京市人民政府共同主办，来自97个国家和地区的科技园区代表、专 家学者、企业家等约800人参会，共同探索创新集群如何引领未来高质量发展之路。 国际盛会，语种众多，保障语言的顺畅交流，也是会议的一项基本需求。本次大会，除英文配备了现场 同声传译外，阿拉伯语、法语、葡萄牙语、西班牙语等多国语种均通过北信源基于信源密信的AI语音 翻译大模型进行现场翻译服务。 转自：智通财经 本次服务于IASP现场翻译，展示出北信源在语言智能与安全通信融合方面的技术能力与行业实践，并 借助展览展示、B2B配对、技术参访等多元形式，深化与全球科技园区、创新机构的交流合作，推动中 国自主语言技术在国际创新生态中的广泛落地。 市场研究机构Frost & Sullivan预计，到2025年，全球跨语言通信市场规模将突破1000亿美元。其中，企 业级市场占比约70%，年复合增长率达25%。 借助信源密信AI大模型能力， ...

每经AI快讯，有投资者在投资者互动平台提问：公司有没有机器人相关产品和业务呢？ 北信源（300352.SZ）9月3日在投资者互动平台表示，公司自主研发的信源密信是一个安全通信平台， 具备人与人，人与物，物与物互联互通的能力，这种能力与多维度智能设备均可应用。信源密信目前已 经申请数十项专利，涵盖即时通信的各个关键环节，如聊天功能扩展、消息处理、系统架构、智能家居 控制等多个方面，其中这些专利大多可以应用于人形机器人领域。智能机器人可以借助信源密信安全通 信平台实现与人或物的远程互通互联，信源密信也具备与以AI大模型为核心算法的智能对话机器人的 对接能力，通过密信AI能力平台可以实现机器人与人的对话交流及安全通信。 （文章来源：每日经济新闻） ...

Core Viewpoint - Beijing Beixin Source Software Co., Ltd. (hereinafter referred to as "Beixin Source") has reported a revenue of 108 million yuan for the first half of 2025, showcasing its strong position in the information security and digital economy sectors [1] Financial Performance - In the first half of 2025, Beixin Source achieved a revenue of 108 million yuan and a net cash flow from operating activities of 16.27 million yuan [1] - As of June 30, 2025, the total assets of Beixin Source reached 2.07 billion yuan, with net assets attributable to shareholders amounting to 1.30 billion yuan [1] Business Development - Beixin Source has established a three-pronged business structure focusing on "Information Security and Innovation, High-Security Communication and Mobile Office, and Defense Intelligence and Ecological Construction" [1] - The company has successfully transitioned from a traditional terminal security leader to a comprehensive product and solution provider in the era of digital economy [1] Product Innovation - In the information security and innovation sector, Beixin Source has launched a "pan" terminal security management system and a new integrated internal network security control platform, addressing issues of functionality overlap and compatibility [2] - The core product, Xinyuan Mixin, has been widely adopted in critical sectors such as government and military, with installation reaching 10 million units, and has introduced AI capabilities to enhance user experience [2] Technological Advancements - Beixin Source continues to invest in cutting-edge technologies such as artificial intelligence and blockchain to enhance product intelligence and security [3] - The company has optimized its new generation data security management platform using AI algorithms, improving data management efficiency and security [3] Market Expansion - Beixin Source is actively exploring international markets, establishing partnerships with government agencies and enterprises in Southeast Asia and the Middle East, which presents new growth opportunities [3] - Domestically, the company is deepening its presence in key industries such as government, military, finance, and energy, while also exploring emerging market sectors for long-term growth [3]

Market Overview - On August 21, A-shares showed mixed performance with the Shanghai Composite Index reaching a 10-year high. The total trading volume was 2.46 trillion yuan, an increase of 11.9 billion yuan compared to the previous trading day [1]. Market Trends - Market hotspots focused on cross-border payment, combustible ice, and digital currency sectors. Conversely, the generator concept and liquid cooling concept saw significant declines, with EEK materials, PCB, and CPO concepts also experiencing notable drops [2]. Stock Performance - A total of 43 stocks hit the daily limit up, with 9 stocks achieving consecutive limit-ups. The limit-up rate was 61% (excluding ST and delisted stocks) [4]. - Key stocks included: - Kosen Technology achieved a 5-day consecutive limit-up, marking a new high in the market [5]. - Garden Shares in the computing power industry chain recorded a 4-day consecutive limit-up [5]. - Jishi Media saw a limit-up at the close, achieving 8 limit-ups in 14 days [5]. Trading Data - The top three net buying stocks on the daily leaderboard were: - Jingbeifang with a net purchase of 289 million yuan [7]. - Zhongyou Capital with a net purchase of 268 million yuan [7]. - Beixin Source with a net purchase of 243 million yuan [7]. - The top three net selling stocks were: - Hengbao Shares with a net sale of 389 million yuan [8]. - Chongda Technology with a net sale of 359 million yuan [8]. - Chengfei Integration with a net sale of 144 million yuan [8]. Notable Stocks and Their Developments - Jingbeifang is focusing on digital currency and financial technology, having signed a strategic cooperation agreement with Guofu Quantum to explore cross-border payment and RWA financing [11]. - Beixin Source is integrating AI capabilities into its new market value analysis management system, enhancing security for users [12]. - Chengfei Integration has maintained a long-term strategic partnership with Chengfei Group, focusing on military products and aviation components [15]. Institutional Activity - Institutional net buying was significant in stocks like Zhongyou Capital and Jingbeifang, while Hengbao Shares and Chengfei Integration saw substantial net selling [19][20].

Group 1: Market Overview - The Hong Kong Monetary Authority and Securities and Futures Commission have issued a joint statement regarding the recent speculation in the stablecoin market, indicating that they will adopt a prudent approach in issuing licenses for stablecoin issuers, with high standards and only a few licenses to be granted initially [1] - Goldman Sachs has reported that the stablecoin market is at the beginning of a new gold rush, with a potential total market size reaching several trillion dollars, and USDC is expected to benefit from market share growth as legislation progresses [4] - The global stablecoin market is projected to exceed $250 billion by 2025, growing over 11 times from 2020, with a compound annual growth rate of 65% [7] Group 2: Growth Drivers - Regulatory frameworks such as the US GENIUS Act and Hong Kong's Stablecoin Regulation are expected to drive compliance and facilitate the issuance of stablecoins, with companies like Circle raising $624 million through IPOs [9] - The tokenization of real-world assets (RWA) such as US Treasury bonds and real estate has reached $35 billion and is expected to exceed $50 billion by 2026, providing long-term growth momentum for stablecoins [9] - Stablecoins are significantly reducing cross-border remittance costs and transaction times, with notable usage in regions like Yiwu, China, and the Philippines [10] Group 3: Company Developments - MetaMask plans to launch the stablecoin mUSD by the end of August, targeting 30 million monthly active users, backed by short-term US Treasury yields [2] - Citigroup is considering entering the stablecoin space by providing custody, payment, and dollar exchange services, and is even contemplating issuing its own stablecoin [3] - Companies like Beixin Source and Yuyin Co. are developing technologies and solutions to support stablecoin issuance and transactions, with Beixin Source integrating with Hong Kong's regulatory sandbox [14][15] Group 4: Future Outlook - The integration of stablecoins into decentralized finance (DeFi) and the tokenization of real-world assets is expected to deepen the connection between traditional finance and the crypto world [12] - Major retail giants like Walmart and Amazon are preparing to issue their own stablecoins, indicating a trend towards mainstream adoption [11] - The stablecoin market is anticipated to evolve from being merely a cash equivalent in the crypto world to becoming a core component of global digital financial infrastructure [12]

证券之星消息，2025年8月18日北信源（300352）发布公告称公司于2025年8月18日接受机构调研，华福 证券计算机、上海混沌投资(集团)有限公司、诺安基金管理有限公司、创金合信基金管理有限公司、北 京志开投资管理有限公司、上海景林资产管理有限公司、申万菱信基金管理有限公司、太平养老保险股 份有限公司、华泰资产管理有限公司、上海电气（601727）集团财务有限责任公司、华夏基金、海港人 寿保险股份有限公司、惠升基金管理有限责任公司、银河基金管理有限公司、智通财经、西部利得基金 管理有限公司、信达澳亚基金管理有限公司、同泰基金管理有限公司、兴业基金管理有限公司、长江养 老保险股份有限公司、中欧基金管理有限公司、中航证券、汇添富基金管理股份有限公司、运舟资本、 南京高科（600064）新创投资有限公司、中信建投（601066）基金管理有限公司、博时基金、上银基金 管理有限公司、敦和资产管理有限公司、上海汐泰投资管理有限公司、上海趣时资产管理有限公司、北 京鸿道投资管理有限责任公司、华泰柏瑞基金管理有限公司参与。 答：首先，我们的收费策略遵循市场差异化原则，同一行业、同一客户级别之间的定价都可能存在技术 性或 ...

Group 1: Company Overview and Product Development - Beijing Beixin Source Software Co., Ltd. focuses on "technology empowerment, creating value" in the financial IT sector, emphasizing intelligent and platform-based innovation [3] - The company has developed a new generation of intelligent market value analysis management system, integrating AI capabilities for enhanced decision-making [3][4] - The system features three core modules: intelligent analysis and prediction, intelligent planning and decision-making, and a standardized platform for stock pledge and bulk matching [3][4] Group 2: Market Position and Client Engagement - The company has established a strong market presence, with a leading position in the domestic terminal security management market, achieving a 16-year track record [10] - The client base includes various representative industries, with a significant proportion from the high-tech sector, although specific client details are not disclosed for confidentiality [7][10] - The pricing strategy includes a subscription model for basic services and a fee range of 0.5%-1% for value-added services, adjusted based on market conditions and client needs [5][7] Group 3: Market Potential and Business Model - The potential market size for securities ITO services is estimated to be in the trillion-level range, with significant growth expected in the coming years [8][9] - The financial service fee market is projected to be in the hundred billion range, indicating substantial development potential [9] - The company aims to maintain a focus on risk control while enhancing service quality and exploring new business models [9] Group 4: Client Feedback and Product Evaluation - Client feedback on the products has been overwhelmingly positive, highlighting improvements in efficiency and ease of use, particularly in remote areas [12] - The technology leverages cutting-edge AI models to meet practical needs, enhancing the overall user experience [12] Group 5: Future Developments - The pledge and bulk matching platform is currently in the iterative review process, with a public testing version expected to be released soon [14]

Group 1 - The company is advancing cooperation with relevant financial institutions to expand its business in digital currency pilot cities [1] - The company has developed a high-security mobile communication platform called "Xinyuan Mixin," which protects user privacy and can serve as a digital wallet and payment carrier [1] - The technology provided by the company meets the application scenario requirements for digital RMB business, offering high levels of security and privacy protection for users [1]

Group 1: Investor Relations Activity - The investor relations activity included a site visit and a phone conference discussing the "Important Military Facility Protection Regulations" [2][3] - Over twenty investment firms participated, both in-person and online, including major players like CITIC Securities and Huajin Securities [2] Group 2: Impact of the New Regulations - The "Important Military Facility Protection Regulations" legally define seven categories of critical military facilities, enhancing protection across the military supply chain [3] - The regulations create significant market opportunities in military informationization, equipment informationization, and security informationization [3] Group 3: Market Expansion and Technological Innovation - The regulations require electronic monitoring, identity verification, and access control for military facilities, driving demand for high-precision sensors and anti-jamming communication devices [4] - The emphasis on equipment effectiveness and emergency preparedness will promote the adoption of information management systems throughout the equipment lifecycle [5] Group 4: North Trust's Market Position - North Trust has a 16-year market share leadership in terminal data security, covering over 90% of military group units [7] - The military facility protection market is expected to reach a scale of hundreds of billions, with significant growth anticipated in 2025 as new projects align with the new regulations [7] Group 5: Competitive Advantages - North Trust's core advantages include a proprietary secure communication platform, strong integration capabilities with domestic hardware manufacturers, and comprehensive project experience [9][10] - The company is positioned to provide system-level solutions, differentiating itself from traditional security firms focused on hardware [10] Group 6: Technical Requirements of the New Regulations - The regulations mandate a multi-dimensional protection system, including electronic monitoring and identity verification, which differs fundamentally from traditional security approaches [11] - A proactive defense strategy is required, emphasizing early warning systems and cross-system collaboration for emergency responses [11] Group 7: Collaboration with Huawei - North Trust collaborates with Huawei across various domains, including information security and cloud computing, ensuring compatibility with Huawei's mainstream servers [12][13] - The company's products are designed to operate in diverse network environments, enhancing secure communication and data transmission capabilities [13]