Qi An Xin (Qianxin) vs Sangfor Technologies
Sangfor holds the stronger position as of July 2026 because it is growing revenue and turning a profit while Qi An Xin's growth has stalled and its losses remain large.
Qi An Xin (Qianxin)
Chinese cybersecurity vendor selling threat detection, SOC, and endpoint tools to government and enterprise clients.
Sangfor Technologies
Chinese cybersecurity and hyperconverged infrastructure vendor selling to enterprises and government
Dimension by dimension
| Dimension | Qi An Xin (Qianxin) | Sangfor Technologies |
|---|---|---|
| staying power of the core product | Qi An Xin's security products cover a similar range, but the company itself sits on shakier financial ground. | Sangfor's mix of firewalls, VPNs, hyperconverged infrastructure, and managed security services competes in a crowded market where its overall standing is protection under test. |
| exposure to AI absorbing the product | AI partly overlaps with Qi An Xin's offerings too. | AI partly overlaps with Sangfor's offerings. |
| how easily a giant could copy them | A larger player could possibly replicate Qi An Xin's products as well. | A larger player could possibly replicate Sangfor's products. |
| pressure from rivals | Qi An Xin faces heavier direct pressure than Sangfor, as Sangfor is taking share and profit from it inside the same market. | Sangfor faces competition from both Huawei and Qi An Xin chasing the same government and enterprise contracts. |
| financial footing | Qi An Xin's FY2025 revenue grew only 0.97% to RMB 4.39 billion, following a net loss of RMB 2.09 billion in FY2024. | Sangfor's FY2025 revenue rose 6.96% to CNY 8.04 billion, and net income nearly doubled to CNY 393 million. |
| recent growth trend | Qi An Xin's Q1 2026 revenue grew 4.44%, an improvement from its near-flat full year but still well below Sangfor's pace. | Sangfor's growth held near 7% for the full year, a healthy pace for its market. |
Questions people ask
- Sangfor vs Qi An Xin which is better positioned
- Sangfor is better positioned because it is growing revenue near 7% and turning a real profit, while Qi An Xin is barely growing and has posted a large net loss. Both companies carry similar AI exposure and copy risk, so the financial gap is what separates them.
- Is Qi An Xin losing money
- Yes, Qi An Xin posted a net loss of RMB 2.09 billion in FY2024. Sangfor, by contrast, posted a net income of CNY 393 million in FY2025, up 99.5% from the prior year.
- Does AI threaten Sangfor or Qi An Xin more
- Both companies show the same partial AI exposure rating, so neither is clearly more threatened than the other on that front. The bigger difference between them shows up in growth and profit, not in AI exposure.
- Could Huawei replace Sangfor
- Huawei is already named as a source of pressure on Sangfor, and a giant like Huawei is rated as possibly able to copy Sangfor's products. The same copy risk applies to Qi An Xin, so this is not a point that separates the two.
- Which company is growing faster, Sangfor or Qi An Xin
- Sangfor is growing faster, with FY2025 revenue up 6.96% versus Qi An Xin's 0.97% for the same period. Qi An Xin's most recent quarter showed some improvement at 4.44% growth, but it still trails Sangfor's full year pace.
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