证券代码：688023 证券简称：安恒信息 公告编号：2025-061 杭州安恒信息技术股份有限公司 第三届董事会第十六次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 杭州安恒信息技术股份有限公司（以下简称"公司"）第三届董事会第十六 次会议于 2025 年 10 月 21 日以邮件、电话方式发出通知，2025 年 10 月 27 日以 现场结合通讯表决方式召开。会议由公司董事长范渊先生召集和主持，会议应到 董事 11 人，实到董事 11 人。本次会议的召开符合《中华人民共和国公司法》《中 华人民共和国证券法》和《杭州安恒信息技术股份有限公司章程》的有关规定， 形成的决议合法、有效。 二、董事会会议审议情况 经与会董事投票表决，逐项审议并通过了以下议案： （一）审议通过《关于公司<2025 年第三季度报告>的议案》 表决情况：11 票同意，0 票反对，0 票弃权。 本议案已经公司董事会审计委员会审议通过。 （二）逐项审议通过《关于修订和制定部分公司治理制度的议案》 2.01《关于修订 ...

杭州安恒信息技术股份有限公司 2025 年第三季度报告 证券代码：688023 证券简称：安恒信息 杭州安恒信息技术股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 471,668,301.11 | 5.53 | 1,2 ...

安恒信息公告，第三季度营收为4.72亿元，同比增长5.53%；净利润亏损1206.87万元。前三季度营收为 12.05亿元，同比增长5.24%；净利润亏损2.06亿元。 ...

Core Insights - The company is focused on data security technology innovation and has developed an AI-driven data security management platform called AiDSC [1] - The implementation of new regulations such as the State Council's "Regulations on Government Data Sharing" and the "People's Bank of China Data Security Management Measures" presents opportunities for the company [1] Company Development - Since its establishment, the company has evolved from early data security products like database auditing and firewalls to a comprehensive data security product system [1] - The data security strategy is a core pillar of the company's development, showing robust growth with a nearly 25% increase in contract amounts for data security products in the first half of 2025 [1] Future Outlook - The company plans to continue exploring innovative applications of AI technology in the data security field to provide smarter and more efficient solutions for enterprises [1] - The focus is on supporting enterprises in their digital transformation efforts [1]

Core Viewpoint - The stock performance of Anheng Information, a domestic cybersecurity company listed on the Sci-Tech Innovation Board, has been lackluster, significantly lagging behind the growth of the Sci-Tech 50 Index, primarily due to its continuous losses over the past four and a half years [1][4][18] Financial Performance - Anheng Information has reported a cumulative net loss of over 1.2 billion yuan since 2021, with losses of 795.9 million yuan in 2021, 299 million yuan in 2022, 388 million yuan in 2023, and 208 million yuan in the first half of 2025 [4][6][12] - Despite revenue growth, the company has struggled to achieve profitability, with net profit turning negative in 2021 due to high stock compensation expenses and losses from equity acquisitions [4][6] - The company's revenue increased from 317 million yuan in 2016 to 1.82 billion yuan in 2021, but the net profit shifted from a profit of 287.3 million yuan to a loss [4][6] Market Position and Competition - Anheng Information has faced intense competition in the cybersecurity industry, leading to declining profit margins. The gross margin fell from 68.97% in 2020 to 55.79% in the first half of 2025, while the net margin dropped to -27.04% [6][10] - The introduction of the Data Security Law in 2021 initially boosted demand for cybersecurity services, but the market has since contracted, resulting in fewer projects and increased competition [4][6] Capital Management - The company has maintained a substantial cash reserve, with over 1.238 billion yuan in cash and cash equivalents as of June 30, 2025, despite ongoing operational cash outflows exceeding 650 million yuan [10][12] - Anheng Information has frequently utilized raised funds for financial investments, generating interest income and investment returns, such as 35.27 million yuan in interest income in 2022 [9][10] - The company has also engaged in significant borrowing, with short-term and long-term debts increasing post-IPO, leading to rising financial costs [7][10] Shareholder Actions - Following a significant drop in stock price, major shareholders, including Alibaba's venture capital arm, have begun to reduce their stakes in Anheng Information, raising concerns about the company's future and its strategic partnerships [13][16][18] - The stock price has plummeted over 80% from its peak of 289 yuan per share, leading to substantial losses for investors, including prominent figures like Ge Weidong [13][15][18]

Core Viewpoint - Anheng Information's stock price has experienced fluctuations, with a year-to-date increase of 24.22%, but recent declines in the short term [1][2]. Group 1: Stock Performance - On October 21, Anheng Information's stock fell by 2.03%, trading at 50.68 CNY per share, with a total market capitalization of 5.173 billion CNY [1]. - The stock has seen a net outflow of 4.3435 million CNY in principal funds, with significant selling pressure in the last trading session [1]. - Year-to-date, the stock has risen by 24.22%, but it has declined by 1.21% over the last five trading days, 5.11% over the last 20 days, and 7.69% over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Anheng Information reported a revenue of 733 million CNY, reflecting a year-on-year growth of 5.05%, while the net profit attributable to shareholders was -194 million CNY, showing a year-on-year increase of 29.57% [2]. - The company has cumulatively distributed 42.8148 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 3: Shareholder Information - As of June 30, 2025, Anheng Information had 13,600 shareholders, an increase of 4.05% from the previous period, with an average of 7,521 circulating shares per shareholder, a decrease of 3.89% [2]. - The top ten circulating shareholders include Wan Jia You Xuan and Wan Jia Zi Zhu Chuang Xin Mixed A, with stable holdings compared to the previous period [3].

Market Overview - On October 20, the software development sector rose by 0.68%, with Jida Zhengyuan leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Top Gainers in Software Development Sector - Jida Zhengyuan (003029) closed at 26.57, up 10.02% with a trading volume of 152,300 shares and a transaction value of 397 million [1] - Shengbang Security (688651) closed at 39.61, up 9.48% with a trading volume of 47,900 shares and a transaction value of 187 million [1] - Lvzhi Technology (300369) closed at 7.74, up 6.76% with a trading volume of 559,000 shares and a transaction value of 441 million [1] - Anheng Information (688023) closed at 51.73, up 5.64% with a trading volume of 44,200 shares and a transaction value of 227 million [1] - Keda Guochuang (300520) closed at 27.42, up 5.46% with a trading volume of 316,900 shares and a transaction value of 860 million [1] Top Losers in Software Development Sector - Information Development (300469) closed at 72.67, down 8.20% with a trading volume of 153,200 shares [2] - Foxit Software (688095) closed at 70.39, down 2.91% with a trading volume of 20,800 shares [2] - Zhongdian Bilong (002298) closed at 11.70, down 2.90% with a trading volume of 1,250,900 shares [2] Capital Flow Analysis - The software development sector experienced a net outflow of 1.806 billion in main funds, while retail investors saw a net inflow of 1.484 billion [2][3] - Jida Zhengyuan had a main fund net inflow of 135.6 million, but retail investors had a net outflow of 68.1 million [3] - Keda Guochuang saw a main fund net inflow of 334.0 million, while retail investors had a net outflow of 385.4 million [3]

Core Insights - The launch of "An Xiao Long," the world's first AI security service digital employee, marks the beginning of a new era in global security services, emphasizing human-machine collaboration and universal capability [1][3]. Group 1: Transition to AI Security Infrastructure - The shift from human-driven tools to human-machine collaboration is necessary due to the increasing challenges in cybersecurity amid rapid digital economic growth [3]. - Companies face a fundamental contradiction between the expanding attack surface and limited top-tier security resources, necessitating a transition to AI-driven solutions [3]. Group 2: Significance and Innovation of "An Xiao Long" - "An Xiao Long" is based on 18 years of security experience and integrates top security research, providing continuous security services without time constraints [4]. - The AI-driven architecture of "An Xiao Long" includes a brain, a nervous system, and a weaponry library, enabling it to understand expert instructions and execute complex security tasks autonomously [4]. Group 3: Value Proposition and Impact - The value of "An Xiao Long" lies in democratizing expert capabilities, reducing emergency response times from hours to minutes, and enabling immediate compliance assessments [5]. - The launch event was supported by various governmental and industry organizations, highlighting the collaborative effort in advancing AI security development [5].

Core Viewpoint - Anheng Information's stock price has experienced a decline recently, with a year-to-date increase of 21.72% but a significant drop in the last five, twenty, and sixty trading days [1][2] Financial Performance - For the first half of 2025, Anheng Information reported revenue of 733 million yuan, representing a year-on-year growth of 5.05%, while the net profit attributable to shareholders was -194 million yuan, showing a year-on-year increase of 29.57% [2] Stock Market Activity - As of October 17, Anheng Information's stock price was 49.66 yuan per share, with a market capitalization of 5.069 billion yuan. The stock has seen a net outflow of 3.7023 million yuan in principal funds [1] - The stock has been on the龙虎榜 (top trading list) twice this year, with the most recent occurrence on February 6 [1] Shareholder Information - As of June 30, 2025, Anheng Information had 13,600 shareholders, an increase of 4.05% from the previous period. The average number of circulating shares per shareholder was 7,521, a decrease of 3.89% [2][3] - The top ten circulating shareholders include 万家优选 (Wanjia Youxuan) holding 5 million shares, and new shareholder 香港中央结算有限公司 (Hong Kong Central Clearing Limited) holding 871,500 shares [3] Dividend Information - Anheng Information has distributed a total of 42.8148 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] Business Overview - Anheng Information, established on May 15, 2007, specializes in the research, production, and sales of network information security products, with a revenue composition of 36.78% from network information security services, 36.67% from platforms, and 20.36% from basic products [1]

Core Insights - The "Yunshan Lunjian: Guangzhou Digital Security Industry Conference" was held on October 16, showcasing innovations in the digital security sector and emphasizing the importance of a robust digital economy foundation [1][3] - The conference highlighted the collaborative efforts of various stakeholders in enhancing digital security and fostering a new ecosystem for the digital industry [3][4] Industry Development - The Baiyun District has been recognized as a pilot area for comprehensive digital transformation in Guangdong, with significant growth in the number of internet service companies from 30 in 2018 to 118 currently, and an increase in the new generation information technology industry scale from 3.06 billion to 11.5 billion [4][5] - Baiyun District is focusing on building a digital technology city and has been awarded the title of "China's Leading Smart City" for five consecutive years, indicating its commitment to high-quality digital development [4] Key Initiatives - The Baiyun Network Security (Xinchuang) Industrial Park project was officially launched, aiming to create a leading industrial cluster for Xinchuang security and to serve the needs of the Guangdong-Hong Kong-Macao Greater Bay Area [11][12] - The park will leverage major enterprises like Huawei and Anheng Information to establish testing centers, research institutes, and talent training bases, promoting innovation and collaboration in the Xinchuang sector [12] AI and Security Innovations - Anheng Information introduced new AI-driven security tools, emphasizing the transition from general AI to domain-specific applications, which aim to enhance proactive defense capabilities in the security sector [7][18] - The conference featured discussions on the dynamic nature of cybersecurity threats and the need for a comprehensive protective approach, as highlighted by experts from various institutions [6][19] Competitions and Engagement - The "Data Element Competition" was launched to stimulate data innovation among students from universities in Guangdong, with a prize pool of 500,000 yuan, focusing on practical applications of data in various sectors [13][15] - The competition includes five thematic tracks, such as smart governance and industrial manufacturing, aimed at leveraging data for enhanced efficiency and innovation [16][17]