根据安博通1月29日发布的业绩预告，公司2025年归属于母公司所有者的净利润预计为-11400万元 至-16500万元，归属于母公司所有者的扣除非经常性损益后的净利润预计为-11700万元至-16900万元， 延续了2024年的亏损态势。 公告指出，业绩变动主因是"公司从可视化网络安全的创新者转型AI时代安全算力生态构建者，由于公 司战略转型导致收入占比的变化，智算中心等大项目由于供货原因导致无法交付，从而影响利润变 化"。 在业务推进方面，公司虽持续与国产芯片厂商合作推出国产化算力解决方案，并落地多个智算业务代表 性项目，但核心大项目的交付延迟直接冲击了当期利润。 每经记者｜黄博文 每经编辑｜董兴生 1月29日，安博通（SH688168，股价73.7元，市值56.89亿元）发布2025年年度业绩预告，预计全年归属 于母公司所有者的净利润亏损1.14亿元至1.65亿元，将继续陷入亏损；预计全年营业收入为5.36亿元至 5.92亿元，同比减少19.65%至27.25%。 安博通表示，业绩承压主要源于战略转型期收入结构变化以及智算中心等大项目因供货问题未能如期交 付。 作为网络安全行业向AI（人工智能）算力生态转 ...

Core Insights - The article emphasizes the urgent need for a new approach to cybersecurity, advocating for the use of AI to combat AI threats, as traditional human-centric defenses are becoming inadequate [2][5] - Anbotong is transitioning from being a "guardian of the digital road network" to a "builder of intelligent safety traffic" in the digital world, expanding its business scope significantly [3][4] Strategic Upgrade - Anbotong's new strategy involves evolving from focusing solely on network security to managing overall efficiency, capacity, and traffic flow in the digital realm [3] - The company plans to leverage AI to enhance management capabilities and improve operational efficiency [3][4] - The launch of the "Luban" AI delivery architecture aims to provide a comprehensive AI delivery system, integrating various components for efficient and secure AI application [3] AI Security Initiatives - Anbotong has introduced an AI + security gateway that combines intelligent operation, precise protection, and efficient management to enhance AI security [4] - The company is shifting from being a single product supplier to a builder of a security computing ecosystem focused on AI infrastructure [4] Market Dynamics - The article highlights that AI is expected to fundamentally reshape the underlying logic of cybersecurity, with AI tools lowering the barriers for attackers and creating continuous threats [5] - Anbotong's focus on AI + security + computing power is driven by the need for rapid response and effective protection against AI-driven attacks [5] Tactical Path - Anbotong is concentrating on edge-side computing applications, with a recent project in Zhengzhou valued at 210 million yuan, focusing on large-scale inference [6] - The company aims to empower industry users through AI applications, viewing edge-side capabilities as essential infrastructure for AI implementation [6] Competitive Advantage - Anbotong's long-term partnerships with major clients demonstrate its ability to create sustained value [7] - The company's competitive edge lies in its business model, innovation capabilities, engineering execution, and customer ecosystem [7] Capital Market Perspective - The company has shifted from purely industrial thinking to a dual focus on industrial and capital market strategies [8] - Anbotong aims to be a "value aircraft carrier" in the capital market, ensuring continuous value creation for shareholders, long-term trust with clients, and a supportive environment for employees [8][9]