2025年，麒麟信安紧抓行业发展趋势，推出了内置DeepSeek大模型的智算一体机，抢抓人工智能算力 部署的行业机遇。该产品成功入选"2025年第一批广西人工智能产品、垂直领域模型和'人工智能+制 造'典型应用场景名单"。 本报讯 2月27日晚间，麒麟信安披露2025年业绩快报。报告期内，公司实现营业收入3.1亿元，同比增长 8.41%。 麒麟信安相关负责人表示，受益于信创产业逐步落地与各行业数字化转型推进，公司持续深耕关键行业 客户需求，推动产品迭代创新，实现了电力和特种行业收入的稳步增长，同时积极拓展政务、金融、教 育、交通及医疗等行业，有效推动了公司操作系统、云计算、信息安全三大核心产线的协同发展。 2025年，公司持续深耕国产操作系统核心领域，成功完成了自研国产操作系统V6版本的关键迭代。该 版本基于Linux-6.6内核构建，新增支持潮汐调度、Cluster调度、NUMA亲和性调度、瓦特调度等多种新 特性，在安全性、AI支持等核心维度实现全域能力跃升。 在AI领域，麒麟信安操作系统现已完成对华为昇腾、壁仞科技（壁砺系列）、海光、天数智芯（天 垓）等国产高性能GPU芯片及Atlas800等推理服务器的 ...

恒为科技（603496）(603496.SH)发布2025年年度业绩快报公告，公司实现营业收入10.47亿元，同比减 少6.31%;实现归属于上市公司股东的净利润为3493.80万元，同比增长30.13%;实现归属于上市公司股东 的扣除非经常性损益的净利润为2969.30万元，同比增长33.37%。 报告期内，公司网络可视化业务收入4.48亿元，同比增长18.40%，主要系运营商市场订单在本年度确认 收入较多，致使收入实现较快增长，因产品结构原因，毛利率有一定程度下降。公司智能系统平台业务 收入5.98亿元，同比下降19.04%，主要系智算一体机业务订单减少所致，但受益于网络通信与网安信创 市场的需求增长，交换机硬件及网络安全平台业务收入增长明显。报告期内，公司通过严格管控费用支 出、强化应收账款管理等精细化举措，全年净利润实现同比回升。 ...

报告期内，公司网络可视化业务收入4.48亿元，同比增长18.40%，主要系运营商市场订单在本年度确认 收入较多，致使收入实现较快增长，因产品结构原因，毛利率有一定程度下降。公司智能系统平台业务 收入5.98亿元，同比下降19.04%，主要系智算一体机业务订单减少所致，但受益于网络通信与网安信创 市场的需求增长，交换机硬件及网络安全平台业务收入增长明显。报告期内，公司通过严格管控费用支 出、强化应收账款管理等精细化举措，全年净利润实现同比回升。 智通财经APP讯，恒为科技(603496.SH)发布2025年年度业绩快报公告，公司实现营业收入10.47亿元， 同比减少6.31%;实现归属于上市公司股东的净利润为3493.80万元，同比增长30.13%;实现归属于上市公 司股东的扣除非经常性损益的净利润为2969.30万元，同比增长33.37%。 ...

Core Viewpoint - Hengwei Technology (603496.SH) reported a decline in revenue for the fiscal year 2025, while net profit showed significant growth, indicating a mixed performance driven by varying business segments [1] Financial Performance - The company achieved an operating income of 1.047 billion yuan, a year-on-year decrease of 6.31% [1] - Net profit attributable to shareholders was 34.938 million yuan, reflecting a year-on-year increase of 30.13% [1] - The net profit after deducting non-recurring gains and losses was 29.693 million yuan, up 33.37% year-on-year [1] - Total assets at the end of the reporting period were 1.803 billion yuan, down 10.12% year-on-year [1] - Shareholder equity increased by 2.07% year-on-year, reaching 1.389 billion yuan [1] Business Segment Performance - Revenue from the network visualization business was 448 million yuan, an increase of 18.40% year-on-year, primarily due to a higher volume of confirmed orders from the operator market [1] - Revenue from the intelligent system platform business was 598 million yuan, a decrease of 19.04% year-on-year, attributed to a reduction in orders for integrated computing machines [1] - Despite the decline in the intelligent system platform, revenue from switch hardware and network security platforms grew significantly due to increased demand in the network communication and cybersecurity markets [1] Cost Management - The company implemented strict cost control measures and enhanced accounts receivable management, contributing to the year-on-year increase in net profit [1]

恒为科技发布业绩快报，2025年度公司实现营业收入10.47亿元，同比减少6.31%；实现归属于上市公司 股东的净利润为3493.8万元，同比增长30.13%；实现归属于上市公司股东的扣除非经常性损益的净利润 为2969.3万元，同比增长33.37%。报告期内，公司网络可视化业务收入4.48亿元，同比增长18.40%，主 要系运营商市场订单在本年度确认收入较多，致使收入实现较快增长，因产品结构原因，毛利率有一定 程度下降。公司智能系统平台业务收入5.98亿元，同比下降19.04%，主要系智算一体机业务订单减少所 致，但受益于网络通信与网安信创市场的需求增长，交换机硬件及网络安全平台业务收入增长明显。 ...

格隆汇1月29日丨近日接受特定对象调研时表示，海外市场作为公司的成熟业务板块，收入主要来自十 余年来稳定的老客户资源，产品和业务以网络可视化基础架构产品和相关的技术服务为主。目前公司正 在积极开拓东南亚和非洲的海外市场，产品也逐步拓展到智算一体机等方向，以及算网一体的解决方 案。 ...

格隆汇1月29日丨近日接受特定对象调研时表示，海外市场作为公司的成熟业务板块，收入主要来自十 余年来稳定的老客户资源，产品和业务以网络可视化基础架构产品和相关的技术服务为主。目前公司正 在积极开拓东南亚和非洲的海外市场，产品也逐步拓展到智算一体机等方向，以及算网一体的解决方 案。 ...

Group 1 - The company, Tianrongxin, has made advancements in the computing power sector by launching products such as the Intelligent Computing Cloud Platform, integrated computing machines, and computing power servers [2] - These products are designed to provide security support and computing power assistance for intelligent transformation across various industries [2]

Summary of Tianrongxin Conference Call Company Overview - **Company**: Tianrongxin - **Industry**: Hyper-converged infrastructure, cloud computing, and network security Key Points and Arguments Industry and Market Trends - The hyper-converged infrastructure market is expected to grow at a compound annual growth rate (CAGR) of 9.2% over the next five years, reaching a market size of approximately $3.3 billion by 2029, with an estimated market size of around 15 billion yuan in 2024, reflecting a CAGR of about 12% [2][4] - The demand for software-defined storage and hyper-converged systems is on the rise, driven by the increasing need for integrated IT solutions [2][4] Company Strategy and Product Development - Tianrongxin has developed a comprehensive product matrix since 2015, including hyper-converged systems, desktop cloud, enterprise cloud, and intelligent computing cloud, covering all IT infrastructure scenarios [3] - The company plans to launch its intelligent computing cloud platform and integrated computing machines in 2025 to meet the needs of large model construction and private deployment [2][3] Competitive Advantages - Tianrongxin's technology architecture supports a wider range of CPU types, including domestic platforms, and is compatible with various operating systems, providing higher reliability, flexibility, and openness compared to VMware [7] - The company has obtained over 586 compatibility certificates and has completed adaptations with more than 60 domestic manufacturers, ensuring rapid response services [7] Transition Strategy from VMware - Tianrongxin has proposed a three-step strategy to simplify the transition from VMware to its hyper-converged solutions, starting with establishing a data center for backup or non-core operations, gradually expanding usage, and ultimately achieving full replacement [8][10] Achievements in Domestic Product Development - Since 2012, Tianrongxin has developed 372 domestic products across 83 categories, covering over 80% of its product lines, and has obtained over 3,900 compatibility certificates in the network security field [11] Challenges and Responses - The transition from VMware presents challenges such as technical difficulties and customer acceptance. Tianrongxin addresses these by starting with non-disruptive scenarios to gain customer trust and gradually moving to core business replacements [12] Future Development Trends - The company aims for full-stack development and intelligent empowerment, focusing on AI integration to enhance efficiency and service platform construction [13][14] Market Demand for Domestic Alternatives - There is an increasing urgency among customers for domestic alternatives, particularly in sectors like education and healthcare, which have smaller IT scales and simpler needs [15][16] Cost and Delivery Models - The cost for deploying a hyper-converged system can start from around 200,000 to 300,000 yuan for a minimal setup, with flexible expansion options available [17] Intelligent Computing Cloud Developments - Starting in 2025, Tianrongxin will offer intelligent computing cloud solutions tailored for private deployment, including integrated servers and software for secure data handling [18] Quantum Technology Initiatives - Tianrongxin is exploring quantum technology, focusing on quantum communication and post-quantum encryption algorithms, collaborating with various companies to develop related products [22][23] Additional Important Insights - The shift towards domestic products is becoming a default strategy in many industries, with large enterprises showing a marked increase in demand for domestic solutions despite economic pressures [21]

Group 1 - The company is focusing on the space computing sector and has existing technological reserves in satellite internet security [2] - The company has launched a satellite application service platform and satellite remote sensing system as part of its cybersecurity solutions, which have been implemented in multiple countries along the "Belt and Road" initiative [2] - The company is investing in the intelligent computing cloud sector, introducing products such as the intelligent computing cloud platform and integrated computing machine to provide high-performance and secure integrated infrastructure solutions for clients [2]