2025年度业绩预告公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日 （二）业绩预告情况 1、经财务部门初步测算，预计三未信安科技股份有限公司（以下简称"三未信安"或"公司"）2025年度 实现营业收入人民币52,885.91万元至58,174.51万元，与上年同期相比，将增加5,565.18万元至10,853.78 万元，同比增长11.76%至22.94%。 证券代码：688489 证券简称：三未信安 公告编号：2026-002 三未信安科技股份有限公司 2、预计2025年度实现归属于母公司所有者的净利润人民币-5,382.78万元至-3,606.46万元，与上年同期 （法定披露数据）相比，将出现亏损。 3、预计2025年度实现归属母公司所有者的扣除非经常性损益后的净利润人民币-7,497.47万元 至-5,023.31万元，与上年同期（法定披露数据）相比，将出现亏损。 （三）本次业绩预告未经注册会计师审计。 二、上年同期经营业绩和 ...

报告期内，公司营业收入保持增长，在金融、互联网企业、云厂商等领域的收入有所增加，密码服务收 入增长明显；同时，在抗量子密码、物联网安全等新业务领域实现突破，海外业务拓展效果显著；以及 受到合并范围变动带来的正向影响。 格隆汇1月30日丨三未信安(688489.SH)公布，经财务部门初步测算，公司2025年度实现营业收入人民币 52,885.91万元至58,174.51万元，与上年同期相比，将增加5,565.18万元至10,853.78万元，同比增长 11.76%至22.94%。预计2025年度实现归属于母公司所有者的净利润人民币-5,382.78万元至-3,606.46万 元，与上年同期（法定披露数据）相比，将出现亏损。预计2025年度实现归属母公司所有者的扣除非经 常性损益后的净利润人民币-7,497.47万元至-5,023.31万元，与上年同期（法定披露数据）相比，将出现 亏损。 ...

Summary of the Conference Call for Sanwei Xinan Company Overview - **Company**: Sanwei Xinan - **Industry**: Cybersecurity and Encryption Technology Key Financial Performance - **Revenue**: Achieved 195 million yuan in H1 2025, a year-on-year increase of 15.19% [3] - **Gross Margin**: Overall gross margin decreased to 71.45% due to inventory valuation amortization costs from the acquisition of Jialiantian [3] - **Net Profit**: Slight decline in net profit attributed to downstream project rhythms, client budgets, and increased R&D investments [2][3] - **R&D Investment**: R&D expenses accounted for 40.34% of revenue, an increase of 9.07 percentage points year-on-year [3] Revenue Contribution by Sector - **Top Revenue Contributors**: - Cloud Vendors: 24% - Financial Sector: 23% - Energy Sector: 13% - **Core Products**: - Encryption Machines: 44% - Encryption Systems: 26% - Fastest Growth: Encryption Services, up 37% year-on-year [2][3] Strategic Focus Areas - **Technological Investments**: Focus on IoT terminal encryption security, cloud encryption services, quantum-resistant encryption products, and low-altitude drone flight safety [2][5] - **Market Expansion**: Emphasis on overseas markets and demand for hardware products in the B circle [2][5] Future Outlook - **H2 2025 Expectations**: Anticipation of completing large project deliveries and benefiting from national policies promoting encryption evaluations and critical information infrastructure protection [6] - **Market Opportunities**: AI and Web 3.0 technologies are expected to create new market opportunities [6] Blockchain and RWA Initiatives - **RWA Stablecoin Security**: Active collaboration with various banks to accumulate blockchain technology experience since 2021 [7] - **Blockchain Development**: Participation in Hong Kong's Web 3.0 registration platform and joining standardization associations to advance blockchain technology [4][9] Acquisitions and Business Synergies - **Recent Acquisitions**: Acquired Jiangnan Tianan and Keyou, enhancing capabilities in cloud services and finance, capturing over 80% of the domestic cloud encryption market [4][10] - **Business Integration**: Significant growth observed in the performance of acquired companies, indicating successful integration [10] Challenges and Risks - **Investor Actions**: Some venture capital investors have begun to reduce their holdings, which is a normal operation after a long-term investment [20][21] - **Market Competition**: The company faces challenges in a fragmented market but aims to consolidate through strategic acquisitions [11] Conclusion - **Long-term Vision**: Sanwei Xinan aims to become a trusted company with core technologies, focusing on creating value for customers and addressing domestic technological challenges [22][23]