Core Viewpoint - The company held a Q3 2025 performance briefing to address investor concerns and discuss strategies for improving stock performance and operational efficiency [1][2]. Group 1: Company Performance and Stock Price - The company's stock price has been declining, influenced by macroeconomic factors and market sentiment, making specific predictions about stock fluctuations uncertain [2]. - The company is focusing on enhancing core competitiveness through increased R&D investment, optimizing product structure, and expanding key industry clients to create long-term value for shareholders [2]. Group 2: Project Developments - The anti-quantum password technology industrialization project is planned to be completed in three years, with expectations for revenue growth as the project progresses [3]. - The company has made significant advancements in anti-quantum product development, including collaborative signatures and hybrid protocols, enhancing practical application capabilities [4]. Group 3: Strategic Direction and Market Position - The company aims to maintain its leadership in the digital trust sector, focusing on traditional business while extending capabilities into emerging fields like IoT and AI [8]. - The company is actively participating in international projects, particularly in response to the Belt and Road Initiative, to expand its market presence [6]. Group 4: Financial Performance - In Q3 2025, the company reported approximately 120 million yuan in revenue, reflecting a 71.01% quarter-on-quarter growth, despite a year-on-year decline due to market competition and budget constraints from clients [7]. - The company acknowledges that its current losses are not solely due to investments in anti-quantum technology but are also affected by external market conditions [6]. Group 5: Customer Engagement and ESG Initiatives - The company has a strong customer dependency in the information security sector, which fosters ongoing investment in security products and services [9]. - The company is engaged in social responsibility initiatives, including rural revitalization projects in collaboration with local governments, demonstrating its commitment to ESG principles [11].