吉大正元（003029.SZ）9月24日在投资者互动平台表示，GPU产品对公司虚拟化产品在业务能力上有较 大提升，目前公司与摩尔线程暂无业务合作，与类似业务厂商存在合作，后续将视业务发展情况扩大合 作主体的范围。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问公司密码系统与摩尔线程有业务往来吗？如果有 具体占公司业务比例多少？ ...

9月23日，三未信安跌5.03%，截至发稿，报45.91元/股，成交3812.36万元，换手率1.60%，总市值52.89 亿元。 资料显示，三未信安科技股份有限公司位于北京朝阳区创远路34号院1号楼融新科技中心F座12-13层， 成立日期2008年8月18日，上市日期2022年12月2日，公司主营业务涉及密码技术的创新和密码产品的研 发、销售及服务,为网络信息安全领域提供全面的商用密码产品和解决方案。主营业务收入构成为：密 码整机44.79%，密码系统26.19%，密码服务及其他22.67%，密码模组4.40%，安全系统及网络安全产品 0.71%，其他(补充)0.65%，密码芯片0.58%。 从基金十大重仓股角度 数据显示，国新国证基金旗下1只基金重仓三未信安。国新国证新锐A（001068）二季度增持6万股，持 有股数15万股，占基金净值比例为4.42%，位居第七大重仓股。根据测算，今日浮亏损失约36.45万元。 国新国证新锐A（001068）成立日期2015年4月15日，最新规模1.37亿。今年以来收益33.36%，同类排 名2586/8172；近一年收益83.94%，同类排名1110/7995；成立以来 ...

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]