Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Zhongfu Information Co., Ltd. 2025 Annual Report Summary
Log in to the Sina Finance app to search for 【information disclosure】 and view more assessment grades
Stock code: 300659 Stock abbreviation: Zhongfu Information Announcement No.: 2026-011
I. Important notice
The summary of this annual report comes from the full text of the annual report. In order to comprehensively understand the Company’s operating results, financial position, and future development plans, investors shall read the full text of the annual report carefully at the media designated by the CSRC.
All directors have attended the board meeting that considered this report.
The audit opinion of the accounting firm Rongcheng Certified Public Accountants (special general partnership) on the Company’s financial report for this fiscal year is: a standard unmodified opinion.
Non-standard audit opinion notice
□ Applicable √ Not applicable
The Company was not profitable at the time of listing and is currently not achieving profitability
□ Applicable √ Not applicable
Profit distribution proposal for the reporting period considered by the Board of Directors, or capital reserve conversion to share capital proposal
□ Applicable √ Not applicable
The Company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserve into share capital.
As of the end of the reporting period, the parent company has unaddressed losses
According to the audit by Rongcheng Certified Public Accountants (special general partnership), as of December 31, 2025, the undistributed profits in the parent company’s statements of the Company were -15,494,829.75 yuan, with unaddressed losses. Given that the parent company’s undistributed profits for 2025 are negative, and after fully considering the Company’s needs for normal operations and sustainable development, the Company intends not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserve into share capital for 2025. Investors are kindly requested to pay attention to the relevant investment risks.
Profit distribution proposal for preferred shares in this report period approved by the Board of Directors
□ Applicable √ Not applicable
II. Basic information about the Company
■
(1) Development of the main business
During the reporting period, the Company focused on strategic and resource concentration, deeply explored market potential, further strengthened the core competitiveness of its main independent products, improved business quality and profitability, and continued to advance cost reduction and efficiency enhancement. The loss amount of net profit attributable to shareholders of the listed company further narrowed. During the reporting period, the Company achieved operating revenue from its main business of 720,610,318.76 yuan, representing a year-on-year decrease of 8.12%; net profit attributable to shareholders of the listed company was -104,329,252.98 yuan, representing a narrowing of loss by 16.64% year-on-year.
Unit: yuan
■
Note: Information security services deliver complete solutions to customers in the form of integrated projects, mainly including businesses such as security supervision, security services, and security education.
During the reporting period, due to the overall cybersecurity market demand recovery falling short of expectations, and under unfavorable circumstances where downstream customers generally tightened budget spending and delayed procurement schedules, the Company’s main business faced pressure during a phase of market adjustment, leading to a slight year-on-year fluctuation in revenue. The Company continues to deepen its focus in its advantageous areas, actively optimizes its business structure, and maintains a steady operating posture. In the face of a harsh market environment, the Company focuses on key industries and actively promotes market expansion, achieving growth in revenue from core cybersecurity products and continuously playing the role of a performance engine and support. Among them, host and network security products contributed stable incremental growth, and the Xinchuang protection main line business continued to deepen. Revenue from the security supervision platform and inspection and testing products remained basically level. In the data security business, through the practice of benchmark projects, the Company accelerates the building of a systematic solutions capability. During the reporting period, the Company’s product business performance was strong, operating quality improved effectively, gross profit margin increased significantly, and the revenue structure showed a positive optimization trend.
Unit: yuan
■
Note: For IT industry customers, they mainly include system manufacturers. For customers in special industries, they mainly include defense and other industry customers.
The Company continues to deepen its focus in three market segments: party-government bodies, special industries, and central state-owned enterprises/large state-owned enterprises. With its three core technical capabilities—content sensing, behavior control, and risk modeling—as the starting point, the Company builds product matrices by going deep into business areas and carries out a systemized promotion and deployment based on the relevant policies and key projects that rely on the formed standardized product matrices. From multiple dimensions including technology, products, and markets, the Company comprehensively consolidates its competitive advantages and further optimizes the revenue structure in customer domains. During the reporting period, the Company deepened its business expansion in the defense sector and in central state-owned enterprises/large state-owned enterprises represented by defense contractors and the financial industry, achieving steady growth and further optimizing its revenue structure. In the future, it will effectively support the sustained growth of the Company’s overall business revenue.
During the reporting period, net profit attributable to shareholders of the listed company was -104,329,252.98 yuan, representing a narrowing of loss by 16.64% year-on-year. While ensuring that technology and product R&D keep pace with industry development trends and customer needs, the Company continues to implement the concepts of improving quality and efficiency and refined operations, comprehensively strengthens management and improvement efforts, and deeply promotes cost reduction and efficiency enhancement initiatives. Driven by these efforts, period expenses have been further optimized, the profit structure has improved steadily, and the loss in net profit attributable to shareholders of the listed company has further narrowed.
(II) The Company’s main products and solutions
Aiming to safeguard national cybersecurity, the Company, in accordance with relevant laws, regulations, and standards such as hierarchical protection, graded protection, data security, cryptographic security, state secrets related to work secrets, and commercial secrets, takes compliance protection as the foundation and real-world confrontation as the orientation. The Company actively deepens its work carefully and does not expand recklessly. Focusing on the two major business areas of confidentiality security and data security, it strives to build a new landscape in which the foundation of confidentiality security is solid and breakthroughs in the direction of data security are effective.
The Company’s core technical capabilities
To realize the Company’s security philosophy, based on years of technical accumulation, and considering real risks that exist in physical space, digital space, social space, and electromagnetic space for data, the Company gradually builds nine core capabilities—data analysis and identification, data protection and control, data flow monitoring, data traceability, sharing and exchange, electromagnetic monitoring, cryptographic chip, security education, and security services—by focusing on key links across the full lifecycle of data security. The Company comprehensively introduces AI technology to empower all kinds of capabilities and builds an integrated technical capability system of “human defense, physical defense, and technical defense,” laying a solid force for cybersecurity confrontation.
■
AI application empowerment
During the reporting period, guided by the guiding principle of “fully embracing AI,” the Company fully advances the deployment of artificial intelligence technologies in the confidentiality security domain.
Through AI platform-based development, the Company empowers the entire product suite. The Company has developed and released the Tianji 2.0 data analysis platform and the AI application and services platform. By deeply integrating domestic large models and domestic hardware devices, AI application frameworks, AI basic applications, and services technologies, the Company forms a fundamental platform for AI data analysis and AI application for the entire series of products such as endpoint security, network security, and cloud security, injecting “intelligent genes” into all Zhongfu products.
Model security and business applications are tightly integrated to realize the deployment of AI applications. The Company launched the third-generation internet data security early warning platform. It fully introduces domestic large models such as DeepSeek, Qwen, and GLM. By integrating the inference model architecture, building security-dedicated corpora, and model fine-tuning, the Company significantly improves capabilities in areas such as content identification, analysis of abnormal behaviors, attack threat analysis, and risk identification. At the same time, the large-model protection fence is naturally integrated with the model, achieving a symbiotic relationship between model security and business operations.
Build AI security analysis intelligences and gradually expand the scope of AI analysis applications. In the field of electromagnetic space security monitoring, the Company, based on DeepSeek large-model signal modulation intelligent identification technology, uses domestic large models as the foundation to break through the performance ceiling of traditional identification methods in complex electromagnetic environments. It innovatively explores a new paradigm of “pre-training + lightweight fine-tuning,” enabling few-shot and strong generalization intelligent identification. For the first time, large-model capabilities are injected into the electromagnetic security domain, providing an early technical shape for building a “cognitive” electromagnetic defense system, and enabling intelligent identification of complex signal modulations.
In the future, the Company will continue to build intelligences in the confidentiality domain by deeply integrating large-model technologies, injecting strong momentum into its entire product suite. It will accelerate the evolution of confidentiality and data security products and technologies toward proactive defense and intelligent coordination, and strengthen the confidentiality security perimeter in a complex and ever-changing cybersecurity environment.
The Company’s main products and solutions
During the reporting period, the Company’s principal business did not undergo significant changes. The main product lines and services include: host and network security, data security, security supervision platforms, inspection and testing, and cryptographic applications—five product lines and information security services. At the same time, based on typical user application scenarios, the Company focuses on three main business lines: Xinchuang security protection, security monitoring and early warning, and zero-trust data security, and builds scenario-based solutions for party-government bodies, central state-owned enterprises/large state-owned enterprises, and special industry users. It promotes the evolution of the Company’s business model from product sales to platform-based, systematic solutions marketing, continuously improving its market exploration capabilities and business layout capabilities, and building a favorable situation in which business development and customer value improvement are driven by products and solutions.
(1) Host and network security products
The Company’s host and network security product line is compatible with mainstream domestic CPUs, operating systems, databases, and middleware. Around areas such as host auditing, secure terminal logins, print and recording auditing, network control and transmission, the Company has built a complete product system.
■
Main product introductions for the Company’s host and network security:
■
(2) Data security products
The Company’s data security products aim to prevent data leakage and theft of important and sensitive data and enable traceability. It uses technologies such as data encryption, data protection, and data management and control. Combined with business application scenarios, it realizes that data assets are knowable, controllable, and governable, and it widely adapts to mainstream domestic CPUs, operating systems, databases, and middleware.
■
Brief introduction to the main data security products:
■
(3) Security supervision platform
The Company’s security supervision platform deeply integrates big data, artificial intelligence, and data visualization technologies. It effectively consolidates various data from internal networks, external networks, and the internet to enhance the cybersecurity situational awareness, monitoring and early warning, and emergency response capabilities of party-government agencies and central state-owned enterprise users. Through deep mining, correlation analysis, and traceability of important data and sensitive data, it achieves the ability of “full-network awareness, full-area unified control, and full-time unified governance” for customers’ cybersecurity risks, supporting the transformation and upgrading of important users’ network protection and supervision from basic prevention and control to a capability set of both offense and defense.
■
Brief introduction to the main security supervision platform products:
■
(4) Inspection and testing products
The Company’s inspection and testing products focus on host security, database security, email security, mobile terminal security, and cloud storage security. By building an inspection and testing system that integrates networked deployment, automated checks, real-time detection, convenient remediation, and intelligent analysis, the Company realizes real-time identification of non-compliant behaviors and effectively improves security capabilities.
■
Brief introduction to the main inspection and testing products:
■
(5) Cryptographic application products
Based on domestic cryptographic algorithms and industry standards, the Company has developed a series of cryptographic products ranging from client-side, server-side to system-type products.
■
Brief introduction to the main cryptographic application products:
■
Centered on the national cybersecurity strategy, the Company focuses on data security. In accordance with laws and regulations such as graded protection, hierarchical protection, and protection for critical information infrastructures, and according to the relevant requirements of competent authorities such as those responsible for cyber information, public security, confidentiality, cryptography, etc., the Company builds a solution system based on user scenario-based approaches for party-government, central state-owned enterprises/large state-owned enterprises, and special industry.
■■
(III) Company operating model
During the reporting period, the Company continued to focus on customers’ security needs, with technology as the core and the market as the orientation. It focuses on the design and development of product software and hardware. By providing high value-added products and services, the Company obtains profits. For certain production processes with low technical content, the Company adopts outsourcing. It provides high-quality services to customers through its marketing service network. For key core technologies and products, the Company adheres to independent R&D. It meets customers’ security needs with core-technology products and services that are leading in the industry. At the same time, through feedback from the sales process, the Company continually captures changing market demands, guiding the Company’s product R&D department to further modify and accumulate technologies based on market needs.
The Company’s R&D model, procurement model, production model, and sales model are as follows:
The Company has established efficient, systematic R&D processes. It closely follows technology research, product R&D innovation, and product development project management. Through product improvements or innovations, it meets market demands or opens new markets. In addition, to effectively promote product innovation, the enterprise has established a cross-department collaboration mechanism to promote communication and cooperation among different departments and jointly advance product innovation. Meanwhile, it integrates internal and external resources of the enterprise, including technology, talent, capital, etc., to provide strong support for product innovation.
In terms of technology research, the Company has established a technology R&D process consisting of five stages: technology project initiation, technology research, solution design, solution validation, and technology handover. Each stage has its specific goals and tasks. In terms of product R&D innovation, the product innovation system process has been refined into six stages, including collecting market needs, developing a product roadmap, product project initiation, development and validation, R&D maintenance and managing the product lifecycle. Product development project management is the foundation to ensure successful product development. The project management process includes four modules: formulating project plans, project implementation and monitoring, project closing, and project change management. By clarifying the project scope, establishing project plans, monitoring project execution, and promptly evaluating and adjusting project risks, the Company ensures that projects proceed smoothly according to plan.
The Company establishes a quality continuous improvement mechanism. It conducts process-based and standardized reviews of quality improvement plans, resulting in case promotion and dissemination. It reduces the likelihood of recurring quality issues, ensures that the outputs meet market expectations and satisfy customer needs, and improves user satisfaction.
For raw materials required for production, the Company adopts a centralized procurement model, whereby the Company’s procurement department is responsible for procuring all kinds of raw materials required for various products. The raw materials the Company procures mainly include various electronic components, PCB and PCBA, structures and accessories, complete machines, printed packaging materials, etc. The production manufacturers of these raw materials are numerous and there is strong market competition. The Company’s marketing management department and supply chain management department jointly determine production plans based on orders. Based on the production plans and independent inventory needs, a material requirements plan is formulated, which is executed in detail by the procurement department. Through market sourcing, technical certification, quality certification, business certification, on-site audits, and comprehensive evaluations, the Company introduces suitable raw material suppliers into an approved supplier list. It will track and evaluate and conduct routine audits for enterprises already included in the approved supplier list. Based on evaluation and audit results, the Company provides appropriate incentives, penalties, guidance, or eliminates suppliers.
The Company adopts an operating model combining in-house production and outsourced processing. Based on the characteristics of the industry, the Company concentrates its main efforts on high value-added aspects such as R&D, sales, and the automation and informatization construction of its independent production. Under the premise of strengthening a systematic safety production management mechanism, low value-added aspects such as production processing are outsourced. The production of mainly hardware products is mainly in the form of outsourced processing. The market competition among manufacturers providing outsourced processing services is strong, allowing the Company to meet its needs for outsourced processing while effectively controlling costs, delivery cycles, and quality.
The Company mainly provides network security products, information security services, and integrated solutions. The sales model combines direct sales and distribution. Through direct sales, it covers key areas and main customers in key industries, satisfying their higher requirements in solutions, products, technology, services, and more in a way that is closer to the market. It establishes and maintains long-term and stable cooperation relationships. Through distribution, it further improves market and customer coverage, provides product support for a broader range of customers, and enables the Company to obtain regional market information more promptly, providing information and service support for deeper market exploration.
(IV) Company market position
Founded in 2002, the Company is a leading provider of cybersecurity and data security product R&D and integrated solutions in China. It is also one of the earliest enterprises engaged in the confidentiality security business in China. As an important member and lead unit of multiple standardization organizations, the Company participates in the formulation of many national and industry standards. At the same time, the Company actively advances the national cybersecurity and cyber power strategy, providing security and confidentiality protection products and services to tens of thousands of party-government bodies and industry users.
The Company has more than 100 product qualifications, including: classified information system product detection certificates, cybersecurity specialized product security detection/certification certificates, commercial cryptography product certification certificates, Xinchuang product compatibility certification certificates, etc. The Company’s various products and solutions are widely used across sectors such as party-government bodies, special industries, and central state-owned enterprises/large state-owned enterprises. It has accumulated abundant customer resources and a good market reputation, receiving recognition and praise from multiple customers. The Company’s network security capabilities have been highly recognized by relevant national organizations. It has long provided cybersecurity protection for major meetings and major sporting events of the Party and the State. The Company has received multiple awards, including the National Confidentiality Science and Technology Award, the National Cryptography Science and Technology Award, the Ministry of Public Security Science and Technology Award, and various provincial science and technology awards, with deep influence in the industry.
During the reporting period, led by PCSA Security Research Institute/Alliance of the Cyberspace Security Professional Committee of the China Information Association, together with member units including Zhongfu Information, industry users, and various stakeholders in the industry, the 《Digital Era: A Quadrant Diagram for Data Elementalized Security Protection》 was completed and officially released. As an important force in industrial research, the Company, leveraging its professional accumulation in data security, deeply participated in this research. It spent half a year meticulously refining the work to provide guidance on data element-based security protection for the data security industry, industry users, and practitioners. This has very important practical significance for promoting high-quality development of data elements.
During the reporting period, the Company won multiple industry awards. As a key enterprise in the cybersecurity field, supported by years of technical accumulation and market performance, its industry position has continued to improve.
In January 2025, the selection results for the “Top 50 Big Data Enterprises in Shandong Province” jointly organized by the Shandong Big Data Association and the Shandong Data and Information Technology Application Innovation Association were officially announced. With outstanding innovative R&D capabilities, core products, and technical advantages in the big data field, the wholly-owned subsidiary Zhongfu Security successfully made the list.
In January 2025, STIF’s 5th International Sci-Tech Innovation Festival and the 2024 New Quality Productivity Pioneer Summit was held on January 8, 2025, in Beijing. Based on its extraordinary innovation spirit, the Company won the “2024 Annual Product Innovation Award.”
In January 2025, the Mobile Internet APP Product Security Vulnerability Professional Library (CAPPVD Vulnerability Library) of the Ministry of Industry and Information Technology announced the results of the capability assessment for technical support units for 2024. Relying again on its industry-leading vulnerability mining capabilities, outstanding performance in vulnerability reporting, and high-quality security service capabilities, the Company was successfully selected and awarded the CAPPVD Vulnerability Library second-star level technical support unit.
In February 2025, the results of the “Top Ten Xinchuang Security Brands of 2024” jointly hosted by the Disaster Recovery Alliance Xinchuang Working Committee and the Antong Studio were officially unveiled. The Company ranked among the “Top Ten Xinchuang Security Brands of 2024” list based on excellent results.
In March 2025, thanks to its outstanding contributions in vulnerability mining, detection, remediation, original vulnerability support, and vulnerability early warning support, the Company was successfully promoted to the first-tier technical support unit of the National Information Security Vulnerability Database (CNNVD), becoming one of the highest-level technical support units in this field.
In May 2025, 《List of Key Cybersecurity and Data Security Enterprises (Institutions) in Shandong Province》 selected jointly by the Shandong Provincial Cyberspace Administration and the Shandong Provincial Department of Industry and Information Technology was officially released. Leveraging its leading advantages in cybersecurity and data security, the Company successfully secured the first place on the list.
In May 2025, at the National Information Security Vulnerability Database (CNNVD) 2024 annual work summary and commendation conference, the Company received the title of “Outstanding Technical Support Unit of 2024” due to its outstanding contributions.
In May 2025, the 嘶吼安全产业研究院 (Ihaosecurity Industry Research Institute) officially released 《Ihaosecurity 2025 Cybersecurity Industry Atlas》. With solid network security foundational technologies and strong core capabilities, the Company was included across seven major categories and seventeen sub-fields, including basic technology and general capabilities, network and communications security, data security, endpoint security, application and industry security, security services, and innovative security technologies. Among them, Zhongfu’s Tianji 2.0 data analysis platform strongly entered the newly added classification “Innovative Security Technology—Security Large Model Applications” in the atlas, injecting intelligent genes into the Company’s entire product suite.
In May 2025, Shushi Consulting released the list of 《China’s Top 50 Data Security Companies (2025)》. The Company ranked on the China data security综合实力 list due to its deep technical accumulation and comprehensive capabilities in the data security domain.
In June 2025, Shushi Consulting, a domestic third-party digital industry research and consulting institution, officially released 《Top 100 Digital Security in China with New Quality Productivity (2025)》. Leveraging its comprehensive strength, the Company was included in the “leaders” category among the top 100 in comprehensive strength, and its overall security strength was recognized.
In June 2025, the Beijing Municipal Cyberspace Administration published the selection results for the second batch of cybersecurity technical support units (2025-2027). With its outstanding technical strength in the data security domain and rich practical experience, the Company successfully made the list of technical support units in the data security domain. This is not only a high-level recognition of the Company’s comprehensive capabilities in cybersecurity, but also marks the Company’s important role in the national cybersecurity system construction.
In June 2025, the BIDC 6th Brand Innovation Development Conference with the theme “Resilient Chain Symbiosis, Renewing the Future Together” was successfully held in Beijing. With its outstanding performance in digital innovation, the Company was successfully recognized as “HaiNuo Award 2025 Outstanding Digital Innovation Enterprise.”
In July 2025, Issue No. 181 of 《China Information Security》 published a special article submitted by Zhongfu Information. Titled “Data Security Compliance Governance Becomes Incremental Market, Governance Services Evolve Toward Intelligence and Personalization,” the article systematically analyzes the core driving forces and broad prospects of the release of data security compliance governance needs in 2025, and provides the industry with a forward-looking and professional Zhongfu perspective.
In July 2025, the Company’s security services team demonstrated strong strength in the “Tianshan Secure Network 1—2025” Xinjiang cybersecurity attack-defense practical drill and the “Protect the Net 2025” cybersecurity attack-defense exercise. Through precise vulnerability mining and efficient defense and breakthrough strategies, the team broke through the target lines multiple times, and ultimately won the championship with the highest score.
In July 2025, the 2025 annual list of the China Xinchuang industry, introduced by domestic technology industry information service platform “First Xinsheng,” was officially released. Leveraging its outstanding technology in Xinchuang security, the Company was selected for the “China’s Best Information Security Vendors” list.
In July 2025, the Network and Data Security Professional Committee of the China Computer Industry Association published the results of the capability assessment for cybersecurity and data security event services. The Company’s wholly-owned subsidiary Zhongfu Security, thanks to its excellent event service capabilities, received the first-level certificate for cybersecurity and data security event service capability.
In July 2025, the 14th Financial Economics Summit CFS2025 and the 2025 New Quality Productivity Entrepreneurs Conference was held in Shanghai. The Company was approved to receive the 2025 Science and Technology Innovation Award for Leading Individuals.
In August 2025, the National Cybersecurity Test Zone (Jinan High-tech Zone) cybersecurity risk assessment and consulting committee was formally established in Jinan High-tech Zone. The Company was selected as one of the first batch of committee member units.
In August 2025, the Company’s wholly-owned subsidiary Zhongfu Security successfully passed the re-certification review in the after-sales service evaluation field at the five-star level, the highest national standard, indicating that the Company has remained an industry benchmark for many consecutive years.
In August 2025, domestic authoritative cybersecurity research institution Shuoshuo Security officially released《China’s Cybersecurity Market Panorama 2025》. With its extensive user practices gained from deep industry engagement, strong capabilities in implementing leading solutions, and continuous breakthroughs in technological innovation, the Company was successfully included in the panorama website’s six core categories—cybersecurity and foundational infrastructure security, endpoint security, data security, security management, security solutions, and security services—and covered nine sub-fields, fully demonstrating the Company’s comprehensive competitiveness in the cybersecurity field.
In August 2025, the Company was invited to attend the “Embrace the King’s Spirit, Climb to the Highest Peak—2025 Huawei Terminal Government Enterprise Partner Conference?Xinjiang Station.” At this industry event focusing on government-enterprise digital transformation, with deep technical collaboration with Huawei and innovative practices in information security, the Company’s wholly-owned subsidiary Zhongfu Security received an important annual ecosystem cooperation honor awarded by Huawei, becoming a milestone event in Xinjiang’s government-enterprise ecosystem development.
In September 2025, domestic authoritative cybersecurity research institution Shuoshuo Security officially released 《China’s Top 100 Cybersecurity Companies for 2025》. With its sustained leadership in the fields of technology R&D, product innovation, and services, the Company successfully topped the list again, once more confirming its core competitiveness and stable market position in China’s cybersecurity industry.
In September 2025, the 2025 National Cybersecurity Publicity Week Jinan activity officially kicked off with great fanfare. This event is guided by the provincial cyberspace administration, and jointly hosted by multiple departments including the municipal publicity department, the municipal cyberspace administration, and the municipal office for confidential affairs, among others. As a leading enterprise in the security and confidentiality field, the Company’s wholly-owned subsidiary Zhongfu Security was invited to attend and received multiple honors, fully reflecting the industry’s recognition of its comprehensive strength.
In September 2025, the 2025 National Cybersecurity Publicity Week Xinjiang publicity activities officially kicked off in Turpan City. This event, themed “Cybersecurity for the People; Cybersecurity Depends on the People,” is jointly organized by multiple departments including the Xinjiang Uyghur Autonomous Region Party Committee’s Cyberspace Administration and the Party Committee’s Publicity Department, among others. It focuses on key hot issues in cybersecurity and concurrently holds a series of activities including awarding plaques to “cybersecurity technical support units,” cybersecurity public classes, and equipment exhibitions. With its technology accumulation and service strength in the cybersecurity field, the Company was successfully selected and awarded the title of “Cybersecurity Technical Support Unit” by the autonomous region, demonstrating recognition from industry authorities.
In September 2025, at the 22nd China Cybersecurity Annual Conference and the cybersecurity coordinated defense forum during the National Cybersecurity Publicity Week, held in Kunming, the list of outstanding units of the National Information Security Vulnerability Sharing Platform (CNVD) was officially released. The Company successfully made the list as a supporting technical group unit, and at the same time received the title of CNVD original vulnerability discovery contribution unit.
On September 16, 2025, the ecological conference on vulnerability governance for basic software and hardware products, hosted by the National Information Security Vulnerability Database (CNNVD), was held grandly in Chengdu China-Europe Center. With its outstanding contributions and professional capabilities in vulnerability reporting, the Company was awarded the honor of “2025 Outstanding Enterprise in Basic Software and Hardware Vulnerability Reporting,” and received an official certification certificate.
In September 2025, the 9th (2025) National Information Security and Indigenous Controllability Strategy High-level Forum was held at the Beijing Wanshou Hotel. The Company deeply participated in the organization of the forum, helped build an industry exchange platform, and delivered a keynote speech, sharing in-depth the AI-based innovation and application practices in electromagnetic space security detection.
In September 2025, the Shandong Provincial Development and Reform Commission publicized the list of “Top 10 Industry” cluster reserve bank and leading enterprises in Shandong Province. With its technological breakthroughs and industry-leading influence in the cybersecurity field, the Company successfully made the list of leading enterprises in clusters in the next-generation information technology field, becoming one of the province’s 300 “leading goose enterprises.”
In October 2025, the 27th China International Software Expo was held. As a high-end software chain leader enterprise in our province, the Company showcased multiple core star products including “Zhongfu Digital Shield · Confidentiality Protection Specialist System,” “Zhongfu Digital Shield · Endpoint Data Security Isolation System,” and “Zhongfu Hunter Shadow · Eavesdropping and Surveillance Detection Device,” fully demonstrating its technological strength and solution capabilities in the information security protection field.
In October 2025, guided by the Jiangxi Provincial Office of Confidentiality (provincial National Office of Confidentiality), the provincial public security department, and the provincial state cryptography administration, and hosted by the Jiangxi Provincial Confidentiality Association, a work secret information protection themed lecture was held. As a vice president unit of the Jiangxi Provincial Confidentiality Association, the Company was invited to attend and displayed its core capabilities and technical achievements in the work secret protection field in the exhibition area.
In October 2025, the Company was honored to attend the 8th Yangtze River Delta Science and Technology Achievements Trading Expo. In the highly watched “Confidentiality Technology Special Session” activity, thanks to its deep accumulation in confidentiality technology R&D, the Company displayed confidentiality security solutions for digital scenarios, providing important support for technical exchange and experience sharing during the special session, and it was awarded the “Confidentiality Support Unit” title by the expo.
In October 2025, the Company received an official letter of thanks from the Office of the Cyberspace Administration and Informatization Commission of the CPC Beijing Municipal Committee. It highly recognized the Company’s professional technical support in the “2025 Beijing Major Cybersecurity Incident Live Emergency Drill.”
In October 2025, the Company’s wholly-owned subsidiary Zhongfu Security successfully passed the supervisory audit for the information security services qualification (CCRC) certification, indicating that the Company’s professional capabilities in information security services have continued to receive recognition from national authoritative institutions.
In November 2025, in the selection of the 27th China International High-tech Fair, the Company won the “Excellent Science and Technology Innovation Enterprise Award” based on its leading hard-core technological strength and outstanding comprehensive enterprise capabilities.
In November 2025, the China Software Evaluation Center, together with Shushi Consulting, released 《China’s Data Security Enterprises Panorama 2025》 with great impact. The Company has strongly entered 24 sub-segments in the panorama, covering three core segments: “frontier technologies and hot application scenarios,” “data security products,” and “data security services,” fully demonstrating the Company’s integrated protection capabilities across the full lifecycle of data security and its industry influence under the Xinchuang ecosystem.
In December 2025, the Shandong Software Industry Association published the list of “Top 100 Enterprises in Comprehensive Competitiveness of Shandong Software and Information Technology Service Industry (2025).” The Company ranked on the list for four consecutive years, fully demonstrating its leading position in Shandong’s software and information technology service field.
In December 2025, the 嘶吼安全产业研究院 officially released 《China’s Cybersecurity Industry Momentum Ranking 2025》. The Company won both “Comprehensive Enterprise List” and “High-efficiency Transformation Capability Enterprise List,” becoming a benchmark representative in the industry’s transformation from “scale competition” to “quality competition.”
In December 2025, at the 15th Network Security Vulnerability Analysis and Risk Assessment Conference, the Company received the important honors jointly awarded by the National Information Security Vulnerability Database (CNNVD) and the China Information Security Evaluation Center: “Outstanding Technical Support Unit of 2025” and “Outstanding Contribution Unit for High-Quality Reporting of 2025.” These two honors reflect its outstanding contributions in the vulnerability reporting field and its professional technical support capabilities within the national vulnerability governance ecosystem.
In December 2025, at the ISC.AI 2025 6th Innovation Top 100 Awards Ceremony, the Company successfully won the “ISC.AI 2025 Innovation Top 100 Award” in the “Data Security and Privacy Protection” track.
In December 2025, the list of the “5th Xinchuang Series Selection—Top Ten Xinchuang Security Brands for 2025,” jointly hosted by Xinchuang Zongheng and the Disaster Recovery Alliance Xinchuang Working Committee, was officially released. The Company stood out among dozens of participating enterprises and successfully retained the title of “Top Ten Xinchuang Security Brands for the year,” again proving the Company’s continuing leadership in Xinchuang security, its brand credibility, and its ecosystem influence.
In December 2025, the 2025 work meeting of the 麒麟软件安全生态联盟 (Kylin Software Security Ecosystem Alliance) was held in Beijing. With deep collaboration with Kylin Software and high-quality solutions from both sides, the Company successfully won the honor of “Excellent Solution Cooperation Partner,” becoming an authoritative witness to the results of both parties’ ecosystem cooperation and technical implementation.
In December 2025, the Shandong Provincial Department of Industry and Information Technology publicized the list of “Three Priorities and Two Key Components” projects for big data industry in Shandong Province for 2025. With its comprehensive advantages in technological innovation, product R&D, and scenario applications, the Company’s wholly-owned subsidiary Zhongfu Security was successfully selected for the key “number factories” in Shandong Province.
In December 2025, the Company won the “Golden Cap” annual selection for 2025 in cybersecurity, receiving the enterprise “Annual Industry Influence” honor.
In January 2026, the China Internet Association released the list of “Top 20 Chinese Cybersecurity Companies in 2025.” With stable comprehensive performance, the Company ranked 10th, and it is also the only company in Shandong Province on the list, receiving recognition from industry authorities.
In January 2026, the Company was approved to receive the “Digital Pioneer Enterprise” issued by the Jinan Big Data Association. Its independently developed “Zhongfu Digital Shield Endpoint Large Model System” won the “Digital Pioneer Product Award.”
(V) Key performance drivers
(1) The gradual implementation of national laws and regulations and policies is an important driver for rapid industry growth. The Cybersecurity Law formally came into effect in 2017, enabling cybersecurity to be governed by law and bringing the cybersecurity market space, industrial investment, and construction into a period of stable development. In the “14th Five-Year Plan” Outline, “cybersecurity,” “data security,” and “data elements” became high-frequency terms, and cybersecurity became an important direction for national strategy development. In 2021, the Data Security Law was formally promulgated, initiating a comprehensive legal framework for building China’s cybersecurity and data security domain, together with the Cybersecurity Law and the Personal Information Protection Law, forming the “four pillars” of cybersecurity and data security governance. In addition, the State Council issued the Regulations on the Security Protection of Critical Information Infrastructure, which clarifies the importance of cybersecurity construction for critical information infrastructure (CII), strengthens the responsibility awareness of relevant leaders of large enterprises in the CII domain, and brought a tangible boost to demand driving for the cybersecurity industry. The newly revised Law of the People’s Republic of China on Guarding State Secrets and its implementing regulations were formally promulgated and implemented in 2024, elevating mature and effective policy measures and practical experience in confidentiality work since the 18th National Congress of the Communist Party of China into a legal system. This has important and far-reaching significance for promoting high-quality development of confidentiality work and safeguarding national sovereignty, security, and development interests. In October 2025, the Standing Committee of the National People’s Congress completed the revision of the Cybersecurity Law and it was implemented on January 1, 2026. It added content such as cybersecurity governance for artificial intelligence and the overall national security outlook. It adapts to new requirements for the development of the digital economy and intelligent technologies, and the need for cybersecurity compliance continues to release in a rigid manner. The national “15th Five-Year Plan” Outline follows the basic guideline of “coordinated development and security,” and cybersecurity becomes a core supporting pillar for national development.
(2) The rapid development of the Xinchuang industry brings huge demand for cybersecurity products based on domestic platforms. The report of the 20th National Congress of the Communist Party of China repeatedly mentions the general tone of national security, reemphasizing the importance of developing Xinchuang and achieving independent and controllable information technology in key areas. According to the forward-looking industry research institute’s forecasts on future prospects and trends for the Xinchuang industry, from a macroeconomic environment perspective, China’s economic development will remain stable in the future, and the government’s emphasis on informatization construction will gradually increase, which will further promote the development of the Xinchuang industry. Meanwhile, with the rapid development of new technologies such as 5G, the Internet of Things, and artificial intelligence, huge opportunities also arise in fields such as information security and data privacy protection. It is expected that by 2029, the market size of China’s Xinchuang industry may reach 59,054 billion yuan. To get out of the predicament of “being stuck,” the state strongly supports the development of the Xinchuang industry, building a national information security Great Wall. The aim is to promote localization of key technologies. With policy support, industries across the board will intensify R&D, continuously enhance technological barriers, and show a gradually expanding trend in scale and industry penetration.
(3) Data has become an important factor of production, and data security will become the core focus of cybersecurity. With the arrival of the digital age, the digital industry and digital society deepen the linkage between virtual space and real space. Security risks expand from virtual space to real space step by step. Data security capabilities will become key foundational capabilities related to social stability and the smooth operation of the economy. As the institutional building of data security markets and top-level design continue to improve, data security will become a new driver of the security market. In January 2024, the National Data Bureau officially released the “Three-Year Action Plan for ‘Data Elements ×’ (2024-2026),” proposing: “By the end of 2026, build more than 300 exemplary application scenarios with strong demonstration effect, high visibility, and strong driving force; the annual average growth rate of the data industry will exceed 20%, and the scale of data transactions will double.” How to ensure data security for national secrets, work secrets, commercial secrets, and users’ privacy has become a core issue in the process of building the digital economy. In the future, while fully leveraging the multiplier effect of data elements driving economic development, data security will become a rapid growth point in the cybersecurity industry.
The Company has long been committed to building core technical capabilities focused on the protection, inspection and testing, and regulation of important data and sensitive data. It has formed core competitiveness in host protection, data security, content detection, intelligent supervision, and more. It has launched a series of products and integrated solutions, continuously contributing strength to building an “independent and controllable” ecosystem. The Company keeps in step with national and industry technology development directions, conducts forward-looking research across multiple key technology areas, undertakes multiple national key R&D plans and application demonstration projects, participates in the formulation of national and industry standards, and its technological innovation capability continues to increase.
The Company always puts customers at the center, adheres to the company’s core values, and uses the goal of creating more value for customers and achieving sustained profitability for the enterprise as its operating guideline. It insists on strategic focus, using core technical capabilities as the main line to deeply focus and reshape its position as a product-based security company. It insists on common development and symbiosis, building an ecosystem and taking the path of co-creation and win-win. Based on typical user application scenarios, it builds a nationwide marketing service network and a technology service support system, and establishes a fast customer response mechanism to provide customers with quality cybersecurity services. At the same time, the Company actively plays a market-leading role by building a big collaboration model, actively promoting optimization of internal management processes, and continuously advancing high-quality development. The Company has successively reached strategic cooperation with units such as the Institute of Information Engineering of the Chinese Academy of Sciences, the Network Security Center of the Ministry of Industry and Information Technology, and the Shandong Branch of the National Internet Emergency Center (SDCERT), establishing joint laboratories and deepening cooperation with universities. It works to build a production-university-research ecosystem, forming complementary advantages and deep integration of resources and technologies, enhancing the Company’s technical capabilities and brand influence.
(1) Key accounting data and financial indicators for the past three years
Does the Company need to make retrospective adjustments or restate accounting data from previous years?
□ Yes √ No
Yuan
■
(2) Quarterly key accounting data
Unit: yuan
■
Whether the above financial indicators or their sums have any significant differences from the related financial indicators disclosed in the Company’s quarterly report and semi-annual report
□ Yes √ No
(1) Number of ordinary shareholders and number of preferred shareholders with voting rights restoration, and table of shareholding by the top 10 shareholders
Unit: shares
■
Shareholding of shareholders holding more than 5%, and participation of the top 10 shareholders and the top 10 shareholders of shares with no selling restrictions in securities lending under transfer and refinancing (translending)
□ Applicable √ Not applicable
Changes from the prior period for the top 10 shareholders and the top 10 shareholders of shares with no selling restrictions due to securities lending/return reasons under transfer and refinancing (translending)
□ Applicable √ Not applicable
Does the Company have voting rights differential arrangements
□ Applicable √ Not applicable
(2) Total number of preferred shareholders and table of shareholding by the top 10 preferred shareholders
There are no preferred shareholders in the Company’s reporting period.
(3) Disclosure of the Company’s property and control relationship between the Company and the actual controller in the form of a box diagram
■
□ Applicable √ Not applicable
III. Important matters
On April 7, 2025, the Company disclosed the “Announcement on Major Matters” (Announcement No.: 2025-022), and received a notice letter issued by the Supervision Commission of Qiaokou District, Wuhan City regarding the detention and filing for investigation of Mr. Sun Qiang, the Company’s director, deputy general manager, and board secretary. During the period of detention, the Company’s deputy general manager and financial controller Ms. Zhang Li acted on behalf of the board secretary’s duties. On July 23, 2025, the Company disclosed the “Announcement on Major Matters” (Announcement No.: 2025-042) and received a notice letter issued by the Supervision Commission of the Shennongjia Forest District regarding the detention of Mr. Wei Dongxiao, the Company’s chairman and general manager. During the detention period, Mr. Liu Haiwei, the Company’s director and deputy general manager, acted on behalf of the chairman, general manager, and board secretary duties. On August 28, 2025, the Company disclosed the “Announcement on the Release of Detention of the Chairman and the General Manager” (Announcement No.: 2025-046) and the “Announcement on the Release of Detention of the Company’s Former Director, Former Deputy General Manager, and Board Secretary” (Announcement No.: 2025-047). As of now, all of the Company’s production and business activities are operating normally.
Board of Directors of Zhongfu Information Co., Ltd.
Chairman: Wei Dongxiao
March 30, 2026
Stock code: 300659 Stock abbreviation: Zhongfu Information Announcement No.: 2026-010
Zhongfu Information Co., Ltd.
Announcement on the 2026 Compensation Plan for the Board of Directors and Senior Management Personnel
All information disclosure by this Company and all members of the Board of Directors ensure that it is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.
On March 30, 2026, Zhongfu Information Co., Ltd. (hereinafter referred to as the “Company”) held the 22nd meeting of the Sixth Session of the Board of Directors, which considered and approved the Company’s “Proposal for the Confirmation of 2025 Compensation for the Company’s Directors and Senior Management Personnel and the 2026 Compensation Plan.” All directors abstained from voting and the proposal was directly submitted to the Company’s 2025 annual general meeting for approval.
The specific details of the 2026 compensation plan for the board of directors and senior management personnel are as follows:
I. Applicable persons: directors and senior management personnel who receive compensation from the Company.
II. Applicable period: January 1, 2026 to December 31, 2026
III. Compensation standards:
(1) For internal non-independent directors, their salaries are determined according to the senior management positions or other positions they concurrently hold. They consist of basic salary and performance salary. They are assessed and determined based on the Company’s annual operating performance (excluding factors that caused significant changes in operating performance for the year due to the implementation of major strategic adjustments or asset restructuring and acquisitions, etc.) and job performance of the relevant positions. They will no longer receive director’s allowances separately. External non-independent directors do not receive director’s allowances in this Company.
(2) Independent directors’ allowance is 720,000 yuan per year.
The salary of the Company’s senior management personnel consists of basic salary and performance salary. It is determined based on the Company’s annual operating performance (excluding factors that caused significant changes in operating performance for the year due to the implementation of major strategic adjustments or asset restructuring and acquisitions, etc.) and the job performance of the senior management personnel in their positions.
IV. Other matters
The Company’s basic salary and allowances for directors and senior management personnel are paid monthly. The performance annual salary is paid in the following year. Any individual income tax related to the aforementioned salaries and allowances will be withheld and remitted by the Company on a unified basis.
If directors and senior management personnel resign due to reasons such as change of session, election, or resignation during their term, their compensation will be calculated based on their actual term of office and paid accordingly.
In accordance with relevant regulations and the “Articles of Association,” the above directors’ compensation plan must be submitted to and approved by the shareholders’ meeting in order to become effective.
V. Documents for inspection
Resolution of the 22nd meeting of the Sixth Session of the Board of Directors
This is hereby announced.
Board of Directors of Zhongfu Information Co., Ltd.
March 31, 2026
Stock code: 300659 Stock abbreviation: Zhongfu Information Announcement No.: 2026-009
Zhongfu Information Co., Ltd.
Announcement on the Early Disclosure of the 2025 Annual Report
All information disclosure by this Company and all members of the Board of Directors ensure that it is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.
On March 30, 2026, Zhongfu Information Co., Ltd. (hereinafter referred to as the “Company”) held the 22nd meeting of the Sixth Session of the Board of Directors, which considered and approved the Company’s “2025 Annual Report” and its summary. To enable investors to fully understand the Company’s operating results, financial status, and future development plans, the Company’s “2025 Annual Report” and its summary were disclosed on March 31, 2026 on Juchao Information Network (www.cninfo.com.cn), the information disclosure website designated by the CSRC for listed companies on the ChiNext board. Investors are kindly requested to check it.
This is hereby announced.
Board of Directors of Zhongfu Information Co., Ltd.
March 31, 2026
Endless information, precise interpretation—only on the Sina Finance app