中证智能财讯奇安信（688561）2月27日晚间披露2025年业绩快报，公司实现营业收入43.92亿元，同比增长0.97%；归母净利润亏损12.62亿元，上年同期亏 损13.79亿元；扣非净利润亏损15.09亿元，上年同期亏损16.12亿元；基本每股收益-1.85元，加权平均净资产收益率为-15.53%。以最新收盘价计算，市净率 （LF）约3倍，市销率（TTM）约5.45倍。 以本次披露业绩快报数据计算，公司近年市盈率（TTM）图如下所示： 近年来市盈率变化情况（倍） 10,000 89000 6,000 4,000 2,000 0 76.20 8570 678 -2,000 -4,000 2020-12-3- 2027-12-3- 3-72 - 3 -06-2 n - 公司 -{}- 行业均值 100 ହ 90 88:03 80 70 60 50 40 30 20 14.96 10 0 2021-12-37 ' 2020-12-37 2-12-37 -12-37 2n- - 公司 -○- 行业均值 制图数据来自恒生聚源数据库 市净率(LF)历史分位(%) 100 → -99-41 ଛି ୨୦ 80 80-2 ...

Core Viewpoint - The company is actively tracking developments in AI-related security business scenarios and offers a range of products and solutions in this area [1] Group 1: Company Developments - The company provides products and solutions that cover boundary security, data classification and grading intelligence, and security operation intelligence [1]

Core Insights - The company is focusing on the "ASIC+AI strategy" to drive growth and differentiate itself in the competitive cybersecurity industry [2][3][6] - The company aims to achieve significant development from 2026 to 2028, aligning its commercial value with its technological capabilities [6] Strategy and Innovation - The "ASIC+AI strategy" is designed to optimize performance and reduce costs in cybersecurity solutions by leveraging ASIC technology and AI [3][4] - The company has successfully developed its own ASIC security chip, which is expected to enhance product performance significantly, improving throughput by over 200% and reducing latency to single-digit microseconds [4] Market Focus and Expansion - The company is deepening its focus on key industries such as finance, education, telecommunications, and energy, with a goal to increase revenue contribution from the financial sector from 20% to 30% [5][6] - The company plans to expand its international presence by establishing local teams for marketing and technical support, aiming to better understand and meet the needs of overseas clients [5][6] Performance and Growth - The company has seen significant growth in its operations in the Hong Kong and Macau regions, with a 40% year-on-year increase in profitability [6] - The company is transitioning from a traditional boundary security provider to a comprehensive security solution and service provider [4][5]