信安世纪回复称，公司较早投入数字货币业务的方案探讨和研究工作，身份安全、数据安全和通信安全 产品均适用于数字货币领域。随着数字货币业务的推进，已为数字货币业务中心端、多家银行及部分大 型商户企业提供信息安全的产品和解决方案。 格隆汇1月22日｜有投资者在互动平台向信安世纪提问：公司数字货币方面有哪些部局？ ...

Core Viewpoint - UBS maintains a positive outlook on the cybersecurity sector despite an 11% decline since November 2025, which is lower than the IGV index's 7% drop, with expectations that key trends will continue into 2025 [1] Industry Trends - Cybersecurity budgets are expected to grow faster than overall IT spending, with M&A trends continuing and AI-driven security and identity security becoming core themes [1] - A survey of Chief Information Security Officers (CISOs) indicates strong growth in cloud security (62%), identity security (59%), and SecOps & Analytics (55%), while firewall spending is more cautious (33%) [2] Key Themes and Controversies - The cybersecurity landscape faces challenges, with ransomware incidents increasing by 47% and severe zero-day vulnerabilities occurring frequently [3] - Core themes for 2026 will focus on AI for Security, Security for AI, and Identity Security, with leading companies identified as CrowdStrike, Palo Alto Networks, and SentinelOne [3] - There is growing concern among investors regarding the resilience of cybersecurity software against competition from AI-native companies, which may impact industry valuation multiples [4] Performance Adjustments and Valuation - Cybersecurity stocks performed in line with the software industry in 2025, with the IGV index rising by 1% while the cybersecurity sector remained flat [5] - Cybersecurity companies enjoy a slight valuation premium, with a median EV/Sales ratio of 5.6x compared to 5.0x for the software industry [5] - UBS has lowered revenue and current billings expectations for Tenable for 2026 due to trends in long-term contracts and prepaid billings, while maintaining expectations for Q4 2025 [5]

Core Viewpoint - The company, Xinan Century, is a technology-driven provider of information security products and solutions, focusing on cryptography to address identity, communication, and data security issues in the digital environment. Group 1: Company Overview - Xinan Century was established on August 31, 2001, and went public on April 21, 2021. The company is located in Haidian District, Beijing, and its main business involves cryptography-based solutions for identity security, communication security, and data security [8]. - The company's revenue composition is 76.97% from information security products and 23.03% from services [8]. - As of September 30, 2025, Xinan Century had 12,400 shareholders, a decrease of 14.75% from the previous period, with an average of 24,346 circulating shares per person, an increase of 17.30% [8]. Group 2: Financial Performance - For the period from January to September 2025, Xinan Century achieved a revenue of 318 million yuan, representing a year-on-year growth of 6.00%. The net profit attributable to the parent company was 14.64 million yuan, showing a significant increase of 129.85% year-on-year [8]. - The company has distributed a total of 141 million yuan in dividends since its A-share listing, with 59.13 million yuan distributed over the past three years [9]. Group 3: Industry Position and Innovations - Xinan Century is actively engaged in post-quantum cryptography research and has developed several core products that support post-quantum algorithms, facilitating their implementation in various sectors such as banking, insurance, and securities [2]. - The company is involved in electronic identity card technology and has developed multiple products based on identity authentication technology [2]. - Xinan Century has collaborated with Huawei on various projects, including the development of cryptographic products based on the Kunpeng CPU and solutions for confidential computing, which integrate hardware-level security capabilities [2][3]. - The company is also involved in the digital currency sector, providing cryptographic and network security products to major issuing banks and other financial institutions as the digital yuan initiative progresses [3].

Core Viewpoint - Palo Alto Networks has agreed to acquire CyberArk Software for approximately $25 billion, marking a significant move in the cybersecurity sector aimed at enhancing its identity security capabilities and supporting its AI-driven security strategy [1] Company Summary - Palo Alto Networks' stock fell over 8%, marking its largest drop since February 2024, while CyberArk's stock declined over 2% following the acquisition announcement [1] - The acquisition is structured as a combination of cash and stock, with a premium of about 26% based on the weighted average price over the last 10 trading days [1] - The deal is expected to be completed in the second half of Palo Alto Networks' fiscal year 2026 [1] Industry Summary - This acquisition signifies a major consolidation in the cybersecurity industry, particularly in the identity governance market, as Palo Alto Networks aims to integrate Zero Trust core capabilities into its platform [1] - The move is seen as essential for establishing a foundational control for automated security scenarios in the era of generative AI [1]