摘要 新安世纪利用中国密码算法体系，积累了丰富的技术能力，尤其在二代 支付、数字货币和跨境支付等领域处于中心节点位置，参与数据集中和 分发结算工作，为未来发展奠定基础。 香港金融布局中，稳定币（中国数字货币+区块链+国际通用加密算 法）和跨境支付通（超级网银结算）是关注重点。新安世纪已具备相关 技术能力，并与香港金管局探讨业务，未来或将受益于业务量增长。 中国数字货币与国外稳定币在底层架构上存在中心化与去中心化的区别。 若央行发行人民币稳定币，需新建交易清算系统，发行端、银行端和用 户侧均需单独建设系统，技术架构建设规模庞大且复杂。 新安世纪自 2011 年开始研究区块链技术，掌握底层技术原理，并搭建 了包括以太坊在内的一些区块链平台进行商用密码集成验证，完全具备 支持未来稳定币技术架构发展的能力。 跨境支付业务中，加密企业提供身份认证、数字安全及通信安全类产品， 单元起步价至少 60 万，高等银行单次采购可达 1,000 万，大部分银行 采购费用为两三百万，用于保护数据和网络安全。 Q&A 新安世纪在稳定币领域的应用机会和展望是什么？ 信安世纪 20250611 新安世纪在成立之初就致力于银行数字化改造，经 ...

2025 年 07 月 01 日 三未信安(688489.SH) 关基商密规定发布，布局抗量子和稳定币 事件概述 近期，根据《中华人民共和国密码法》、《商用密码管理条例》等法律 法规，国家密码管理局会同国家互联网信息办公室、公安部，研究制 定的《关键信息基础设施商用密码使用管理规定》（国家密码管理局、 国家互联网信息办公室、公安部令第 5 号）（以下简称"关基商密规 定"）正式发布。 关基商密规定发布，推动密码产业加速发展 近期由国家密码局、网信办、公安部联合发布实施的"关基商密规定" 对整个行业有望带来较大的促进作用，我们认为亮点主要如下：1） 明确监管主体：规定明确了管理部门职责，涵盖国家密码管理部门、 国家网信部门、国务院公安部门，以及县级以上地方各级密码管理部 门与同级网信部门、公安机关。我们认为明确的监管主体有助于政策 的推动，加快密码产业的建设和渗透。2）明确时间节点：规定明确 "运营者应当于每年 1 月 31 日前向所属的保护工作部门报告上一年 度关键信息基础设施商用密码使用以及商用密码应用安全性评估开 展情况。"我们认为明确的时间节点带来对密评工作的刚性化要求， 促使相关运营主体开展定期的密评 ...

Core Points - The company, Wuhan Dameng Database Co., Ltd., has announced changes to its registered address and business scope, as well as amendments to its Articles of Association [1][4] - The registered address will change from "999 Gaoxin Avenue, Future Technology Building, C3 Building, 16-19 Floors, Wuhan East Lake New Technology Development Zone" to "39 Jiapuling Street, Wuhan East Lake New Technology Development Zone" [1][2] - The business scope will expand to include big data services, data processing and storage support services, software development, information system integration services, and various other technology-related services [2][3] Business Scope Changes - The previous business scope included database management systems, data centers, data analysis, and related technical services, while the new scope adds big data services, software sales, and cloud computing equipment technology services [2][3] - The new business scope also includes commercial password product production and sales, as well as various import and export services [2][3] Articles of Association Amendments - The amendments to the Articles of Association will reflect the new registered address and updated business scope, with specific changes noted in the relevant sections [3][4] - The revised Articles of Association will be submitted for shareholder approval, and the board of directors will seek authorization to handle the necessary business registration changes [4]

Market Overview - On June 12, A-shares opened lower but closed higher, with the Shanghai Composite Index rising by 0.07% to 3404.66 points, the Shenzhen Component Index up by 0.05%, and the ChiNext Index increasing by 0.5% [1][2] - The total trading volume for A-shares reached 793.75 billion yuan for the half-day session [1] Monetary Policy - The People's Bank of China conducted a 7-day reverse repurchase operation of 119.3 billion yuan at a fixed rate of 1.40%, with a net withdrawal of 7.2 billion yuan for the day [2] Industry Developments - Shenzhen aims to become a global leader in artificial intelligence, implementing the "AI+" initiative and accelerating major AI infrastructure projects [3] - The Ministry of Industry and Information Technology emphasized the importance of timely payments in the automotive sector, particularly for new energy vehicles, to foster a collaborative ecosystem [3] Sector Performance - The computing power industry chain showed strength, with CPO-related stocks leading gains; Tianfu Communication and Lian Te Technology both surged over 10% [3] - Quantum technology stocks also performed well, with companies like Geer Software and Dongxin Peace hitting the daily limit [3] Quantum Technology Insights - Quantum computing is recognized for its strategic value and potential benefits, particularly in fields like pharmaceuticals and materials science [4] - Various countries are actively implementing supportive policies for the quantum computing sector [5] Company Highlights - **Sanwei Xinan**: Focuses on R&D in quantum-resistant cryptography and has developed next-generation cryptographic chips and privacy computing platforms [6][7] - **Dongxin Peace**: Expected to maintain stable growth in its smart card business and digital identity security, with a positive outlook on its fundamentals [7] - **Geer Software**: Anticipated to benefit from the accelerating demand for AI security solutions, positioning itself for growth [7] - **Jida Zhengyuan**: Integrates cryptography with AI and security chip design, aiming for rapid commercialization of its solutions [8]

Core Viewpoint - The company experienced a significant decline in performance in 2024, with a notable drop in net profit and cash flow, attributed to increased operational costs and a challenging market environment [2][14][20]. Financial Performance - In 2024, the company achieved operating revenue of 294 million RMB, a year-on-year increase of 0.93%, but the net profit attributable to shareholders was only 1.63 million RMB, down 96.17% [2][15]. - The net cash flow from operating activities was -63.39 million RMB, a decline of 493.39% compared to the previous year [2][15]. - The company’s gross profit margin decreased from 74.19% to 72.64%, reflecting increased costs [15][20]. Business Segments - Revenue from cybersecurity products and services, as well as from the cyberspace mapping business, both saw a decline of 5-6% year-on-year [2][10]. - The newly acquired satellite internet security business generated revenue of 17.94 million RMB in 2024 [2][10]. Customer and Sales Analysis - The company provided detailed information on its top five customers, including contract amounts and sales models, indicating a focus on direct sales and channel partnerships [3][4]. - The sales model includes direct sales to end-users and channel sales through various partnerships [7][10]. Market Context - The overall cybersecurity market in China faced challenges, with 29 listed companies reporting a total revenue decline of 5% in 2024, and 17 companies reported losses, indicating a tough competitive landscape [7][18]. - The company’s performance aligns with industry trends, where many peers also experienced significant profit declines [18][20]. Strategic Initiatives - The company is investing heavily in expanding its sales and R&D teams to enhance its competitive position, with a focus on long-term growth despite short-term financial pressures [14][19]. - The satellite internet security business is seen as a strategic growth area, leveraging existing capabilities in cybersecurity and mapping technologies [12][13][20].

Core Viewpoint - The company, Jiayuan Technology, has shown significant growth in revenue and net profit for 2024, indicating strong performance and future potential in the network security and information technology sectors [2][5]. Financial Performance - For 2024, the company achieved a revenue of 336.80 million yuan, representing a year-on-year increase of 48.11% [2][5]. - The net profit attributable to shareholders was 11.45 million yuan, up 313.82% year-on-year [2]. - The net profit after deducting non-recurring gains and losses was 3.30 million yuan, an increase of 120.29% year-on-year [2]. Business Strategy and Future Growth - The company plans to align its operations with the national "14th Five-Year Plan," focusing on network security in specialized industries and expanding its comprehensive information solutions business [2][4]. - Key drivers for future growth include enhancing research and production capabilities, strengthening the sales system, and transitioning from customized products to standardized products [5]. - The company aims to capture opportunities in the medical information technology market, enhancing its core competitiveness and increasing market share [4]. Industry Outlook - The network security sector is expected to grow rapidly due to its elevation to a national strategic priority, supported by relevant laws and policies [4]. - The medical information technology market in China is projected to expand, with significant opportunities in areas such as hospital information system upgrades and regional medical collaboration [4].

三未信安实际募资净额比原拟募资多96,743.2万元。三未信安2022年11月29日披露的招股书显示，三未 信安原拟募资40,343.21万元，用于密码产品研发升级、密码安全芯片研发升级、补充流动资金。 三未信安的保荐机构(主承销商)是国泰君安证券股份有限公司(现名"国泰海通证券股份有限公司")，保 荐代表人是彭凯、刘文淘。三未信安公开发行新股的发行费用合计13,909.05万元(不含增值税)，其中国 泰君安证券股份有限公司获得保荐承销费用11,022.67万元。 中国经济网北京5月21日讯三未信安(688489.SH)今日收报32.16元，跌幅2.49%。目前该股股价处于破发 状态。 三未信安于2022年12月2日在上交所科创板上市，公开发行新股1,914万股，发行价格为78.89元/股，募 集资金总额150,995.46万元，募集资金净额为137,086.41万元。 保荐机构安排国泰君安证裕投资有限公司参与发行战略配售，跟投比例为公开发行股份的3.97%，即 76.0552万股，获配金额5999.99万元。国泰君安证裕投资有限公司承诺获得配售的股票限售期限为自三 未信安首次公开发行并上市之日起24个月。 ...

【环球时报报道 记者 郭媛丹】28日，中国网络空间安全协会发布的一份调查报告显示，国家互联网应 急中心CNCERT发现并处置一起美情报机构对中国大型商用密码产品提供商进行网络攻击的事件。接受 《环球时报》采访的专家表示，普通人日常使用的金融交易等场景都依赖商用密码的保护，美对我密码 产品实施攻击会危害国家网络安全。 安天技术委员会副主任李柏松28日在接受《环球时报》记者采访时表示，商用密码产品就是在社会运行 和日常生活中使用的密码产品，这些产品服务于电信、电力、金融、交通等关键信息基础设施和公民日 常生活中的安全需要。"密码产品有多种类型，从功能上包括针对通信链路和数据加密、针对本地数据 加密的产品，以及作为身份凭证令牌等产品。从形态上看包括软件、中间件、硬件、设备、在线服务等 多种类型。" "美方长期对我重要信息系统、关键信息基础设施实施网络攻击活动，我国在提升信息产品自主水平的 同时，也在不断提升国产软硬件产品的安全能力和企业机构自身的安全防护水平。面对对手持续的攻击 活动，还需要更有效、持续的投入，不断强化相关行业的基础防护、安全运营、威胁分析和应急处置能 力。"李柏松表示。 据相关人士介绍，美情报机构 ...