云智算安全产业，是融合云计算、人工智能、大数据等前沿技术，为算力基础设施、数据流通、智能应 用等提供全方位安全保障的产业领域。当前，随着数字经济规模持续扩大，各行业对算力的需求呈爆发 式增长，云智算安全产业迎来了前所未有的发展机遇。 中国通信标准化协会副理事长兼秘书长代晓慧表示，近年来，我国数字基础设施从补短板走向强能力， 云计算、人工智能等新一代信息技术与实体经济深度融合，成为推动数字经济增长的重要引擎。云智算 三者协同融合，构建产业格局，云智算安全也成为数字经济发展的重要保障。 中国信息通信研究院党委副书记王晓丽认为，云计算以其强大的资源规模、服务便捷等优势为人工智能 应用普及提供了坚实的算力支撑。云智算融合成为趋势，不断驱动数字化转型普惠与智能。强化云智算 安全建设，是护航数字中国发展的基石。 "随着以数智化为核心特征的新一代科技革命深入推进，技术革新带来的安全挑战日益严峻复杂，传统 安全体系已难以应对智能化、动态化的新型威胁。为更好适应智能时代需求，安全体系正逐步从传统模 式向云智算安全体系转型升级，构建适应智能时代需求的新型防护体系。"北京市经济和信息化局副局 长顾瑾栩说。 王晓丽分析，我国云智算安 ...

营业收入同比高增，经营质量显著恢复。2024 年实现营收23.58 亿元，同比增长40.29%。分产品看， 2024 年，公司安全产品实现收入11.37亿元，同比增长45.16%；安全服务业务实现收入8.65 亿元，同比 增长18.40%；第三方产品实现收入3.55 亿元，同比增长112.82%。分客户所在行业看，2024 年政府及事 业单位客户实现收入6.39 亿元，同比增长46.61%；能源及企业客户实现收入7.35 亿元，同比增长 52.74%；金融和电信运行商客户收入分别同比增长24.23%、31.34%。公司重点聚焦电信运营商、能源 等需求稳定长期合作的价值客户，紧跟政策导向在央国企国产化领域快速落单，行业端收入增长明显。 2024 年公司毛利率为53.80%，同比增长7.65 个百分点，经营质量显著恢复。 费用控制良好，经营性现金流高增。2024 年，公司提质增效效果明显。 事件：绿盟科技发 布2024年年度报告，公司2024年实现营收23.58亿元，同比增长40.29%；实现归母净 利润-3.65 亿元，同比增长62.66%；实现扣非净利润-3.96 亿元，同比增长60.58%；单2024Q4 ...

Investment Rating - The investment rating for the company is not explicitly stated in the provided documents [1]. Core Insights - The company has shown significant recovery in operational quality, with a revenue of 2.358 billion yuan in 2024, representing a year-on-year growth of 40.29% [2]. - The company reported a net profit attributable to shareholders of -365 million yuan in 2024, which is a 62.66% improvement compared to the previous year [2]. - The company has focused on expanding its "AI + Security" product line, with notable growth in orders for security services [3]. Financial Performance - In 2024, the company achieved a revenue of 2.358 billion yuan, with a breakdown showing security products generating 1.137 billion yuan (up 45.16%), security services at 865 million yuan (up 18.40%), and third-party products at 355 million yuan (up 112.82%) [2]. - The gross margin for 2024 was 53.80%, an increase of 7.65 percentage points year-on-year, indicating a significant recovery in operational quality [2]. - The company managed to reduce total expenses by 6.85% year-on-year, with sales, management, and R&D expenses amounting to 1.578 billion yuan [2]. - Operating cash flow increased by 167.2% year-on-year, reaching 136 million yuan in 2024 [2]. Product and Technology Development - The company has made significant advancements in various technology fields, including APT detection and monitoring, and has launched several innovative products in data security [2][3]. - The introduction of the "Fengyunwei AI Security Capability Platform" and the "AI-Scan" model risk assessment product highlights the company's commitment to integrating AI into its security offerings [3]. - The company has successfully adapted its products to various domestic CPU and operating systems, enhancing its competitiveness in the domestic market [2]. Future Earnings Forecast - The company is expected to continue its growth trajectory, with projected EPS of 0.02, 0.09, and 0.14 yuan for 2025, 2026, and 2027 respectively, reflecting a recovery in profitability [5].