Group 1 - The major shareholder, Guochuang Kaiyuan Equity Investment Fund, held 10,062,224 shares, approximately 5.58% of the total share capital before the reduction plan [1] - The reduction plan involved a maximum of 1,802,326 shares, not exceeding 1.00% of the total share capital, to be executed within three months after the announcement [2] - As of August 18, 2025, Guochuang Kaiyuan reduced its holdings by 1,050,588 shares, approximately 0.58% of the total share capital, completing the reduction plan [2][4] Group 2 - The reduction plan was disclosed due to the expiration of the fund and the need for liquidity [2] - The actual reduction matched the previously disclosed plan, confirming that the minimum reduction quantity was achieved [4] - The reduction plan was not terminated early and was fully implemented within the specified timeframe [4]

Core Viewpoint - As of August 18, 2025, the stock price of Hillstone Networks is 20.49 CNY, reflecting a 1.69% increase from the previous trading day [1] Group 1: Company Overview - Hillstone Networks operates in the software development industry, focusing on the research, production, and sales of network security products [1] - The company's main products include firewalls, VPNs, and intrusion detection systems [1] Group 2: Stock Performance - On August 18, the trading volume was 39,572 hands, with a transaction amount of 0.81 billion CNY [1] - A significant block trade occurred on the same day, involving 120,000 shares at a transaction amount of 2.09 million CNY, with a transaction price of 17.42 CNY, representing a 14.98% discount to the closing price [1] Group 3: Shareholder Activity - On August 18, the company announced that shareholder Guochuang Kaiyuan has completed its reduction plan, cumulatively reducing 1.05 million shares, which accounts for 0.58% of the company's total share capital [1] Group 4: Capital Flow - On August 18, the net inflow of main funds into Hillstone Networks was 1.4252 million CNY, while the net outflow over the past five days was 11.6976 million CNY [1]

Group 1 - The major shareholder, Guochuang Kaiyuan Equity Investment Fund, held 10,062,224 shares, representing 5.58% of the total shares before the reduction plan [1][2] - The reduction plan was announced on April 23, 2025, with a maximum intended reduction of 1,802,326 shares, or 1.00% of the total shares [1][2] - As of August 18, 2025, Guochuang Kaiyuan completed the reduction of 1,050,588 shares, approximately 0.58% of the total shares, with a total amount of 18,306,085.02 yuan [1][2] Group 2 - The reduction occurred between July 23, 2025, and August 13, 2025, through centralized bidding [2] - After the reduction, Guochuang Kaiyuan holds 9,011,636 shares, which is 5.00% of the total shares [2] - The actual reduction was consistent with the previously disclosed plan, and the minimum reduction quantity was achieved [2]

Summary of Key Points Core Viewpoint - A significant block trade of 120,000 shares of 山石网科 (ShanShi Network Technology) occurred on August 18, with a transaction value of 2.09 million yuan, reflecting a discount of 14.98% compared to the closing price of the day [2] Trading Activity - The block trade was executed at a price of 17.42 yuan per share, with the buyer being Huatai Securities Co., Ltd. Beijing Branch and the seller being Dongwu Securities Co., Ltd. Suzhou Industrial Park Yangfu Road Securities Branch [2] - In the last three months, 山石网科 has recorded a total of 5 block trades, amounting to 14.64 million yuan [2] Stock Performance - The closing price of 山石网科 on the day of the block trade was 20.49 yuan, which represents an increase of 1.69% [2] - The stock had a turnover rate of 2.20% and a total trading volume of 80.94 million yuan for the day, with a net outflow of main funds amounting to 748,300 yuan [2] - Over the past five days, the stock has seen a cumulative increase of 0.44%, with a total net outflow of funds reaching 11.41 million yuan [2] Margin Trading Data - The latest margin financing balance for 山石网科 is 57.18 million yuan, which has decreased by 7.09 million yuan over the past five days, representing a decline of 11.03% [2]

Core Insights - A total of 11 stocks on the Sci-Tech Innovation Board experienced block trading on August 18, with a cumulative transaction amount of 1.48 billion yuan [1][2] Group 1: Trading Overview - The total number of block trades was 13, with a cumulative trading volume of 2.5423 million shares [1] - The stock with the highest transaction amount was Dameng Data, with 2 block trades totaling 15.91 million shares and a transaction amount of 37.3047 million yuan [1][2] - Other notable stocks in terms of transaction amount included Yinghantong and Borui Pharmaceutical, with transaction amounts of 27.8868 million yuan and 25.1550 million yuan, respectively [1] Group 2: Price Performance - The average price of block trades for the stocks involved showed varying degrees of discount and premium relative to their closing prices, with Yinghantong having a discount rate of 20.00% and Aerospace Hongtu showing a premium rate of 9.72% [1][2] - The Sci-Tech 50 Index rose by 2.14% on the same day, with 479 stocks (81.60%) on the Sci-Tech Innovation Board experiencing price increases [1] Group 3: Fund Flow - Among the stocks that underwent block trading, five stocks saw net inflows of main funds, with Lingyun Guang, Haitan Ruisheng, and Dameng Data leading with net inflows of 27.8274 million yuan, 26.5690 million yuan, and 21.2650 million yuan, respectively [2] - Conversely, stocks like Borui Pharmaceutical and Aerospace Hongtu experienced significant net outflows, with outflows of 225 million yuan and 47.0694 million yuan, respectively [2]

8月18日，山石网科大宗交易成交12万股，成交额209.04万元，占当日总成交额的2.52%，成交价17.42元，较市场收盘价20.49元折价14.98%。 | 2025-08-18 | 山石网科 | 688030 | 17.42 209.04 12 | 华泰证券股份有限 | 东吴证券股份有限 Econ antines and a broar 3.1 closed 11 .4 . and | | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 | 公司北京分公司 | 卖出营业部 公司苏州工业园区 | ...

（文章来源：每日经济新闻） 山石网科8月18日晚间发布公告称，近日，公司收到国创开元出具的《关于山石网科通信技术股份有限 公司股东减持股份结果的告知函》，截至2025年8月18日，国创开元通过集中竞价交易方式减持公司股 份约105万股，约占公司总股本的0.58%。 ...

每经AI快讯，8月18日，山石网科公告，公司股东国创开元股权投资基金(有限合伙)于2025年4月23日披 露减持计划，计划通过集中竞价方式减持不超过180.23万股，即不超过公司总股本的1.00%。截至2025 年8月18日，国创开元实际减持105.06万股，占公司总股本的0.58%，减持计划已实施完毕。减持后，国 创开元持有公司股份901.16万股，占公司总股本的5.00%。 ...

转债代码：118007 转债简称：山石转债 证券代码：688030 证券简称：山石网科 公告编号：2025-057 山石网科通信技术股份有限公司 近日，公司收到国创开元出具的《关于山石网科通信技术股份有限公司股东 减持股份结果的告知函》，截至 2025 年 8 月 18 日，国创开元通过集中竞价交易 方式减持公司股份 1,050,588 股，约占公司总股本的 0.58%。本次减持计划时间 区间已届满，本次减持计划已实施完毕。 1 / 3 股东名称 国创开元股权投资基金（有限合伙） 股东身份 控股股东、实控人及一致行动人 □是 √否 一、减持主体减持前基本情况 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 大股东持有的基本情况 本次减持计划实施前，国创开元股权投资基金（有限合伙）（以下简称"国 创开元"）持有山石网科通信技术股份有限公司（以下简称"公司"）股份 10,062,224 股，约占公司总股本的 5.58%，为公司 IPO 前取得股份，并于 2022 年 9 月 3 ...

格隆汇8月18日丨山石网科(688030.SH)公布，公司收到国创开元出具的《关于山石网科通信技术股份有 限公司股东减持股份结果的告知函》，截至2025年8月18日，国创开元通过集中竞价交易方式减持公司 股份1,050,588股，约占公司总股本的0.58%。本次减持计划时间区间已届满，本次减持计划已实施完 毕。 ...