On February 20, the Star Daily reported (Reporter Wu Xuguang) that "Deep Sea Technology" has appeared for the first time in the 2025 Government Work Report, indicating that China's deep sea industry will迎来发展机遇.

On March 20, Shengbang Security stated on the interactive platform that the company's Satellite Internet security products have achieved application in marine floating object scenarios. Currently, the company has formed a "4 products + 1 service" Satellite Internet security product system. "The Satellite Internet provides all-weather communication support for deep-sea equipment such as unmanned submersibles, underwater observation stations, and networked needs for remote scenarios such as marine floating objects by covering marine communication blind spots, supporting deep-sea resource development and strategic implementation."

In this regard, a person from Shengbang Security's Board Secretary Office stated today (March 20) that the company is indeed responding to investors based on the current business progress. Currently, the application in marine floating object scenarios mainly revolves around the extension of the business of Shengbang Security's Satellite Internet security products.

"The Satellite Internet business is a new field that Shengbang Security announced a full entry into in May 2024," the aforementioned person from the company's Board Secretary Office further stated.

It is reported that Shengbang Security has currently launched innovative technological products and systematic solutions for Satellite Internet security, providing customized products and services for different application scenarios such as on-vehicle, airborne, and onboard. At the same time, it actively explores its application and implementation in Internet of Things, low-altitude economy, marine shipping, emergency rescue, Jiangsu Nonghua Intelligent Agriculture Technology, and has recently obtained relevant orders.

Speaking of the latest progress in the Satellite Internet business, the person from the Board Secretary Office said that Shengbang Security is highly focused on the Satellite Internet business and recently cooperated with Chengdu Xieen Technology Co., Ltd. to release a safety operation service solution for urban unmanned aviation operations. Among them, Satellite Internet serves as a beneficial complement for communication and operation of low-altitude aircraft, opening up new space for the diversified development of the low-altitude economy.

Previously, the Chairman of Shengbang Security, Quan Xiaowen, stated that this move is the company's exploration and layout in the field of low-altitude economic safety, which will help enhance the company's revenue scale in the Satellite Internet business segment, with the expectation of doubling the revenue this year compared to 2024.

In recent years, the traditional cybersecurity market has attracted numerous new participants, becoming a red ocean. In contrast, the satellite Internet security market remains a blue ocean.

According to forecasts by the China Business Industry Research Institute, from 2021 to 2025, the scale of China's satellite Internet market is expected to grow from 29.248 billion yuan to 44.692 billion yuan, with an average annual compound growth rate of 11.18%.

On June 27, 2024, the Star Daily reported that Shengbang Security announced plans to acquire and increase investment in Tianyu Cloud An's equity for 30 million yuan. After this trade is completed, Shengbang Security will hold 62.5% of Tianyu Cloud An's equity, making it a subsidiary of Shengbang Security.

Regarding the company's layout in the satellite Internet sector, Shengbang Security stated that it will leverage its technological advantages in vulnerability analysis, security reinforcement, and asset mapping, combined with the development of the satellite Internet industry, to achieve technical result transformation and product implementation through undertaking major projects.

On the progress of this acquisition deal, the aforementioned secretary of the Board of Directors stated that the company completed the integration of both parties in the second half of 2024 and has incorporated the target company into the listed company.

Regarding the performance release of the satellite Internet business, the secretary of the Board of Directors of Shengbang Security, Yuan Xianding, previously told the Star Daily that the company’s satellite Internet security business has generated revenue and is expected to be reflected in the 2024 annual report.

According to Yuan Xianding, Shengbang Security has obtained some orders from the satellite Internet security industry, primarily from users in critical information infrastructure. "As the projects are gradually delivered, related revenues will be progressively released in future earnings reports."

However, "in terms of specific revenue composition, the current proportion of satellite Internet security revenue is relatively low. At this stage, the company still primarily relies on basic cybersecurity revenue, which accounts for about 40% year-round, and is the main source of income for the company." Shengbang Security stated.

From the perspective of the Industry development stage, industry professionals analyzed to the reporter of the Star Daily that there are already exemplary project cases for the application of Cybersecurity in the low-altitude economy field, but the extent and specific progress, effectiveness of large-scale commercialization still need time to verify.