VRV(SZ:300352)2025-05-29 11:15Group 1: Investor Relations Activity - The investor relations activity included a site visit and a phone conference discussing the "Important Military Facility Protection Regulations" [2][3] - Over twenty investment firms participated, both in-person and online, including major players like CITIC Securities and Huajin Securities [2] Group 2: Impact of the New Regulations - The "Important Military Facility Protection Regulations" legally define seven categories of critical military facilities, enhancing protection across the military supply chain [3] - The regulations create significant market opportunities in military informationization, equipment informationization, and security informationization [3] Group 3: Market Expansion and Technological Innovation - The regulations require electronic monitoring, identity verification, and access control for military facilities, driving demand for high-precision sensors and anti-jamming communication devices [4] - The emphasis on equipment effectiveness and emergency preparedness will promote the adoption of information management systems throughout the equipment lifecycle [5] Group 4: North Trust's Market Position - North Trust has a 16-year market share leadership in terminal data security, covering over 90% of military group units [7] - The military facility protection market is expected to reach a scale of hundreds of billions, with significant growth anticipated in 2025 as new projects align with the new regulations [7] Group 5: Competitive Advantages - North Trust's core advantages include a proprietary secure communication platform, strong integration capabilities with domestic hardware manufacturers, and comprehensive project experience [9][10] - The company is positioned to provide system-level solutions, differentiating itself from traditional security firms focused on hardware [10] Group 6: Technical Requirements of the New Regulations - The regulations mandate a multi-dimensional protection system, including electronic monitoring and identity verification, which differs fundamentally from traditional security approaches [11] - A proactive defense strategy is required, emphasizing early warning systems and cross-system collaboration for emergency responses [11] Group 7: Collaboration with Huawei - North Trust collaborates with Huawei across various domains, including information security and cloud computing, ensuring compatibility with Huawei's mainstream servers [12][13] - The company's products are designed to operate in diverse network environments, enhancing secure communication and data transmission capabilities [13]