Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2023, representing a year-on-year increase of 15%[15]. - The company expects a revenue guidance of RMB 2.5 billion for the full year 2023, which would represent a 10% increase compared to 2022[15]. - The company reported a revenue of CNY 373.26 million for the first half of 2023, a decrease of 2.94% compared to the same period last year[22]. - The net profit attributable to shareholders was a loss of CNY 112.38 million, worsening from a loss of CNY 77.03 million in the previous year[23]. - The gross margin for the main business was 61.72%, down 9.85 percentage points year-on-year, primarily due to increased market competition and a higher proportion of security integration business[23]. - The company achieved a net cash flow from operating activities of CNY 22.79 million, a significant improvement from a negative cash flow of CNY 147.04 million in the same period last year[23]. - The company’s cash received from sales and services increased by 33.07% year-on-year, totaling CNY 56.10 million, reflecting improved cash flow management[23]. - The total assets decreased by 10.00% to CNY 1.90 billion compared to the end of the previous year[22]. - The company’s operating costs increased by 26.48% to CNY 145.71 million compared to the same period last year[126]. - The company’s cash and cash equivalents decreased by 35.25% to CNY 340.10 million, primarily due to some principal-protected financial products not maturing[131]. User Growth and Market Expansion - User data indicates a growth in active users by 20%, reaching a total of 500,000 users by the end of June 2023[15]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[15]. - The company has served over 26,000 users across various sectors, including finance, government, and healthcare[55]. - The company has successfully supported 17 types of industrial protocols, improving its capabilities in real-time monitoring and alerting for critical operations[70]. - The company participated in over 20 international exhibitions and market activities, focusing on expanding its overseas market presence in Southeast Asia and Latin America[77]. Research and Development - Research and development expenses increased by 30% to RMB 150 million, focusing on next-generation firewall technologies[15]. - Research and development expenses accounted for 46.87% of operating revenue, an increase of 6.79 percentage points compared to the previous year[22]. - The company launched four new mid-range A-series next-generation firewalls during the reporting period, expanding its application scenarios[32]. - The company continues to develop comprehensive training solutions for network security, targeting various sectors including education and healthcare[48]. - The company has filed for 3 patents related to multi-business processor core resource scheduling technology, enhancing application delivery performance[60]. - The company has developed a cloud-native multi-dimensional container security system, with 6 patents pending, to protect against various attacks on container platforms[60]. - The company has 92 invention patents and 138 software copyrights, with 359 invention patents pending[88]. Awards and Recognition - The company has been recognized as a "Customer Choice" by Gartner for four consecutive years, being the only domestic vendor to achieve this distinction[55]. - The company has received multiple awards, including "Next-Generation Cloud Workload Protection" and "Best ZTNA Solution" from Cyber Defense Magazine[55]. - The company was included as a representative vendor in IDC's assessments for Unified Threat Management (UTM) and Zero Trust Network Access solutions in 2023[56]. Risks and Challenges - The report includes a risk statement regarding forward-looking statements, advising investors to be cautious[15]. - The company faces a high customer concentration risk, with sales to the top five customers accounting for 74.08% of total revenue[110]. - The company is exposed to market competition risks as new entrants and existing competitors increase, potentially impacting its market position[105]. - The company’s overseas business has begun to scale, but it faces geopolitical and regulatory risks that could affect future international market expansion[111]. Corporate Governance and Compliance - The board of directors confirmed that all members attended the board meeting, ensuring governance compliance[15]. - The financial report for the first half of 2023 has not been audited, but management assures its accuracy and completeness[15]. - The company has no significant non-operational fund occupation by controlling shareholders or related parties[15]. - The company has committed to ensuring that its prospectus and other disclosures do not contain false statements or omissions, holding its directors and executives liable for accuracy[162]. Shareholder Engagement and Profit Distribution - The profit distribution policy emphasizes cash dividends, with a minimum cash dividend ratio of 80% for mature companies without significant capital expenditures[173]. - The company will actively communicate with shareholders, especially minority shareholders, regarding dividend proposals and decisions[172]. - The company will ensure that any changes to the profit distribution policy do not violate relevant laws and regulations[173]. - The company reported a total of RMB 94,887.94 million in funds raised from its initial public offering, with a net amount of RMB 85,947.17 million after deducting issuance costs[182]. Environmental Responsibility - The company has established an environmental protection mechanism and does not produce pollutants during its operations[155]. - The company invested CNY 38.76 million in environmental protection during the reporting period[155]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[156].

证券代码：688030 证券简称：山石网科 公告编号：2023-056 转债代码：118007 转债简称：山石转债 山石网科通信技术股份有限公司 关于召开 2023 年半年度业绩说明会的预告公告 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。 重要内容提示： 一、说明会类型 山石网科通信技术股份有限公司（以下简称"公司"）已于 2023 年 8 月 25 日披露《山石网科通信技术股份有限公司 2023 年半年度报告》。为使广大投资者 能够更全面地了解公司情况，加强与投资者深入交流，公司决定通过网络方式召 开"2023 年半年度业绩说明会"。届时公司将针对投资者关心的问题，与广大 投资者进行沟通交流，同时广泛听取投资者的意见和建议。 会议内容：山石网科通信技术股份有限公司 2023 年半年度业绩说明会 会议召开时间：2023 年 9 月 7 日（星期四）下午 16：00 至 17：00 会议召开方式：上海证券交易所上证路演中心 （http://roadshow.sseinfo.com/）在线交流 投资者可于 2023 年 8 ...

中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）根据 《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》和 《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等相关规定对 山石网科通信技术股份有限公司（以下简称"山石网科"、"公司"）开展持续 督导工作，并出具本持续督导跟踪报告。 中国国际金融股份有限公司 关于山石网科通信技术股份有限公司 2023 年半年度持续督导跟踪报告 1 序号 工作内容 持续督导情况 1 建立健全并有效执行持续督导工作制 度，并针对具体的持续督导工作制定相 应的工作计划 保荐机构已建立并有效执行了持续督 导制度，并制定了相应的工作计划 2 根据中国证监会相关规定，在持续督导 工作开始前，与上市公司或相关当事人 签署持续督导协议，明确双方在持续督 导期间的权利义务，并报上海证券交易 所备案 保荐机构已与山石网科签订《保荐协 议》，该协议明确了双方在持续督导期 间的权利和义务，并报上海证券交易所 备案 3 通过日常沟通、定期回访、尽职调查等方 式开展持续督导工作 保荐机构通过日常沟通、定期或不定期 回访等方式，了解山石网科业务情况， 对山石网科开 ...

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：2023-054 山石网科通信技术股份有限公司 第二届监事会第十次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 山石网科通信技术股份有限公司（以下简称"公司"或"山石网科"）第二 届监事会第十次会议（以下简称"本次会议"）于 2023 年 8 月 24 日以现场会议 结合电话会议方式召开，本次会议通知及相关材料已于 2023 年 8 月 14 日以电子 邮件方式送达公司全体监事。本次会议应参会监事 3 人，实际参会监事 3 人。本 次会议的召集、召开和表决程序符合《中华人民共和国公司法》等法律、法规、 规章、规范性文件和《山石网科通信技术股份有限公司章程》、《山石网科通信 技术股份有限公司监事会议事规则》的有关规定。 （2）公司 2023 年半年度报告的内容和格式符合法律、行政法规、中国证券 监督管理委员会和上海证券交易所的相关规定，该报告内容真实、准确、完整反 映了公司 2023 年半 ...

2023 年半年度募集资金存放与实际使用情况的专项报告 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。 根据中国证券监督管理委员会发布的《上市公司监管指引第2号——上市公 司募集资金管理和使用的监管要求（2022年修订）》、上海证券交易所发布的《上 海证券交易所科创板上市公司自律监管指引第1号——规范运作（2022年）》和 《上海证券交易所科创板股票上市规则》等有关规定，山石网科通信技术股份有 限公司（以下简称"公司"或"山石网科"）董事会对公司2023年半年度募集资 金存放与实际使用情况专项说明如下： 证券代码：688030 证券简称：山石网科 公告编号：2023-055 转债代码：118007 转债简称：山石转债 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 山石网科通信技术股份有限公司 经中国证券监督管理委员会《关于同意山石网科通信技术股份有限公司首次 公开发行股票注册的批复》（证监许可〔2019〕1614号）核准，并经上海证券交 易所同意，公司由主承销商中国国际金融股份有限公司采用向战略投资者定向配 ...

山石网科通信技术股份有限公司 独立董事关于第二届董事会第十八次会议相关事项 的独立意见 2025年 8月 24日 (本页无正文,为《山石网科通信技术股份有限公司独立董事关于第 二届董事会第十八次会议相关事项的独立意见》之签字页 ) 独立董事(签字): 4K=1 · 5 张小军 2025年8月 24日 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所 科创板股票上市规则》《上市公司独立董事规则》《山石网科通信技术股份有限公 司章程》《山石网科通信技术股份有限公司独立董事工作制度》等有关规定，我 们作为山石网科通信技术股份有限公司（以下简称"公司"）的独立董事，本着 认真、负责的态度，基于独立、审慎、客观的立场，对公司于 2023 年 8 月 24 日 召开的第二届董事会第十八次会议审议的相关事项发表如下独立意见： 一、《关于公司 2023 年半年度募集资金存放与使用情况专项报告的议案》的 独立意见 我们认为：《山石网科通信技术股份有限公司 2023 年半年度募集资金存放与 实际使用情况的专项报告》真实反映了公司 2023 年半年度募集资金存放、管理 与使用的相关情况，公司 2023 年半年度 ...

一、转股价格触发修正条件 根据相关规定及《山石网科通信技术股份有限公司向不特定对象发行可转换 公司债券募集说明书》的约定，在本次发行的可转换公司债券存续期间，当公司 股票在任意连续三十个交易日中至少有十五个交易日的收盘价低于当期转股价 格的 85%时，公司董事会有权提出转股价格向下修正方案并提交公司股东大会 表决。 二、本次不向下修正"山石转债"转股价格 证券代码：688030 证券简称：山石网科 公告编号：2023-053 转债代码：118007 转债简称：山石转债 山石网科通信技术股份有限公司 关于不向下修正"山石转债"转股价格的公告 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。 重要内容提示： ●截至 2023 年 8 月 21 日，"山石转债"转股价格已触发向下修正条款。经 山石网科通信技术股份有限公司（以下简称"公司"）董事会决定，本次不向下 修正"山石转债"转股价格。 特此公告。 山石网科通信技术股份有限公司董事会 2023 年 8 月 22 日 2 / 2 截至 2023 年 8 月 21 日，"山石转债" ...

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：2023-052 山石网科通信技术股份有限公司 关于"山石转债"预计满足转股价格修正条件 的提示性公告 根据《募集说明书》的约定，在本次发行的可转换公司债券存续期间，当公 司股票在任意连续三十个交易日中至少有十五个交易日的收盘价低于当期转股 价格的 85%时，公司董事会有权提出转股价格向下修正方案并提交公司股东大 会表决。若在前述三十个交易日内发生过转股价格调整的情形，则在转股价格调 整日前的交易日按调整前的转股价格和收盘价计算，在转股价格调整日及之后的 交易日按调整后的转股价格和收盘价计算。 经上海证券交易所自律监管决定书[2022]101 号文同意，公司 26,743.00 万元 可转换公司债券于 2022 年 4 月 21 日起在上海证券交易所挂牌交易，债券简称 "山石转债"，债券代码"118007"。 根据相关规定及《山石网科通信技术股份有限公司向不特定对象发行可转换 公司债券募集说明书》（以下简称"《募集说明书》"）的约定，公司本次发行的"山 石转债"自 2022 年 9 月 28 日起可转换为公司股份 ...

Financial Performance - The company reported a net loss of -13,191,985.12 RMB as of December 31, 2022, and will not distribute profits or increase capital reserves for the year[6]. - The company has not achieved profitability since its listing, indicating ongoing financial challenges[4]. - The company's operating revenue for 2022 was ¥811,596,110.98, a decrease of 20.97% compared to ¥1,026,948,139.06 in 2021[21]. - The net profit attributable to shareholders was a loss of ¥182,502,253.08 in 2022, compared to a profit of ¥75,526,102.89 in 2021, representing a decline of 341.64%[21]. - The basic earnings per share for 2022 was -¥1.0126, down 341.61% from ¥0.4191 in 2021[22]. - The net cash flow from operating activities was -¥332,312,564.78 in 2022, compared to -¥119,053,386.79 in 2021[21]. - The company experienced a significant decline in net profit and cash flow due to reduced demand from downstream customers and project delays caused by the macroeconomic environment[23]. - The company's total assets increased by 8.88% to ¥2,116,062,712.28 at the end of 2022, compared to ¥1,943,537,512.75 at the end of 2021[21]. - The weighted average return on equity decreased to -12.92% in 2022 from 5.16% in 2021, a drop of 18.08 percentage points[22]. Research and Development - The company is actively engaged in research and development of new products and technologies, although specific details were not provided in the content[7]. - Research and development expenses accounted for 41.81% of operating revenue in 2022, an increase of 12.67 percentage points from 29.14% in 2021[22]. - The company invested CNY 339.34 million in R&D during the reporting period, a year-on-year increase of 13.40%, accounting for 41.81% of total revenue[40]. - The company has a total of 783 R&D personnel, a year-on-year increase of 28.15%, with 35.12% holding a master's degree or higher[40]. - The company has filed for 318 additional invention patents, in addition to holding 80 granted patents and 114 software copyrights[40]. - The company has developed four new core technologies during the reporting period, bringing the total to 28 core technologies[84]. - The company’s new technologies include "SSL proxy decryption technology" and "cloud workload protection technology" among others[84]. Market Strategy and Operations - The company is focused on expanding its market presence and developing new technologies, although specific figures or timelines were not disclosed in the provided content[7]. - The company plans to continue investing in product research and sales market to enhance its network security solutions and marketing system[23]. - The company aims to strengthen its position in the cybersecurity industry by optimizing management and focusing on technological innovation[36]. - The company is actively expanding its overseas market presence, focusing on Southeast Asia and Latin America, with significant revenue growth in these regions[106]. - The company plans to enhance its product development and marketing efforts to strengthen its comprehensive network security solutions[107]. - The company is exploring new strategies to adapt its security operations center to local market needs, enhancing its service offerings[96]. - The company aims to solidify its traditional advantages while horizontally expanding to meet new demands from existing customers and leveraging channel strengths to acquire new clients[195]. Risks and Challenges - The company has outlined various operational risks in its management discussion and analysis section, which investors should consider[4]. - The company's future plans and strategic developments are subject to risks, and investors are advised to be cautious[7]. - The company faces risks related to new product development and maintaining technological advancement in a competitive market[111]. - The company is exposed to market competition risks as new entrants and existing competitors increase their capabilities in the cybersecurity sector[113]. - The company faces a high customer concentration risk, with sales to the top five customers accounting for 68.78% of total revenue[118]. Product Development and Innovation - The company launched 6 new products in the next-generation firewall A series, enhancing market competitiveness and replacing older models[37]. - The company launched the new generation data center firewall X20812 with a maximum throughput of 3.5 Tbps, addressing high traffic demands in data centers[40]. - The company launched 13 new IDPS products and 2 domestically produced IPS products during the reporting period, significantly enhancing its IDPS security capabilities[94]. - The company’s StoneOS software platform underwent continuous updates, with the release of version 5.5R10, enhancing its network security solutions[94]. - The company has optimized its XDR solution to improve operational capabilities in practical scenarios, focusing on usability and comprehensive security operations[56]. Financial Management - The company has a cumulative unabsorbed loss of 168.74 million, which may impact future investments in R&D and market expansion[130]. - The company has received high-tech enterprise certification, allowing it to pay a reduced corporate income tax rate of 15%[122]. - The accounts receivable balance at the end of 2022 was 784.20 million, representing a significant increase due to the growth in sales revenue and extended credit terms to channel partners[129]. - The company issued convertible bonds, resulting in financial expenses of ¥8,285,655.96, a significant increase compared to the previous year[170]. - Cash received from financing activities increased significantly due to the issuance of convertible bonds, totaling ¥262,581,400.00[171]. Customer Engagement and Market Position - The company has served over 26,000 users across various sectors including finance, government, and healthcare, establishing itself as a leader in the cybersecurity field[78]. - The company has signed contracts with approximately 1,932 channel agents by the end of 2022, enhancing its channel cooperation ecosystem[43]. - The company has been recognized for its security service capabilities, achieving the highest level of certification in four key areas of information system security[61]. - The company has been awarded the "Customer Choice" honor by Gartner for three consecutive years in the network firewall category, highlighting its strong market presence[79].

Financial Performance - The company's operating revenue for Q1 2023 was ¥144,591,323.56, representing a year-on-year decrease of 0.10%[5] - The net profit attributable to shareholders was -¥87,456,433.30, and the net profit after deducting non-recurring gains and losses was -¥91,925,784.51, both classified as not applicable[5] - The net cash flow from operating activities was -¥12,628,095.53, classified as not applicable[6] - The basic and diluted earnings per share were both -¥0.4853, classified as not applicable[6] - The company reported a net loss for the period was -¥55,456,686.45, compared to -¥13,191,985.12 in the previous year[36] - The company reported a total comprehensive loss of CNY 87,954,223.49 in Q1 2023, compared to a loss of CNY 72,227,447.50 in Q1 2022[28] - The company's total equity decreased to CNY 1,232,830,602.40 in Q1 2023 from CNY 1,320,668,501.58 in Q1 2022, a decline of 6.6%[25] - The company incurred investment cash outflows of CNY 126,698,344.27 in Q1 2023, compared to CNY 144,423,383.89 in Q1 2022, showing a decrease in investment spending[41] Research and Development - The total R&D investment amounted to ¥88,870,880.41, an increase of 15.54% year-on-year, accounting for 61.46% of operating revenue, which is an increase of 8.32 percentage points[6] - Research and development expenses rose to CNY 85,712,793.81 in Q1 2023, up 11.5% from CNY 76,915,973.85 in Q1 2022[26] - Research and development expenses increased to ¥58,069,065.42, up from ¥47,862,569.90 in Q1 2022, reflecting a focus on innovation[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,988,596,708.80, a decrease of 6.02% compared to the end of the previous year[6] - The company reported a total asset of RMB 1,988,596,708.80 as of March 31, 2023, down from RMB 2,116,062,712.28 at the end of 2022, representing a decrease of approximately 6.04%[21] - Cash and cash equivalents decreased to RMB 384,659,196.02 from RMB 525,244,756.56, reflecting a decline of about 26.74%[22] - The total current assets decreased to ¥1,013,334,931.17 from ¥1,066,191,575.88 year-over-year[35] - The total liabilities decreased to CNY 755,766,106.40 in Q1 2023 from CNY 795,394,210.70 in Q1 2022, a reduction of 5%[25] - The company’s total current liabilities increased to RMB 145,129,501.80 from RMB 137,715,432.35, showing an increase of about 8.2%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,590[13] - The largest shareholder, YUECHAO HIGH-TECH CO., LTD., holds 16.94% of the shares, totaling 30,522,850 shares[14] - Alpha Achieve High Tech Limited plans to transfer 21,537,000 shares, representing 11.95% of the total share capital, to Shenzhou Cloud Technology Co., Ltd., changing the largest shareholder[19] Cash Flow Management - The company reported significant improvement in cash inflow from operating activities due to effective receivables management[6] - The cash flow from operating activities showed a positive trend with an increase in cash receipts from customers, indicating improved cash flow management[30] - Operating cash flow generated a net amount of CNY 12,305,376.87 in Q1 2023, a recovery from a negative cash flow of CNY 41,365,305.16 in the same period last year[40] Investment Performance - The company’s investment income showed a loss of CNY 77,559.09 in Q1 2023, compared to a loss of CNY 47,004.12 in Q1 2022, reflecting challenges in investment performance[38] - The company reported a net cash outflow from investing activities of -¥130,488,880.40, compared to -¥35,193,036.89 in the previous year[32] Financial Ratios - Total operating costs increased to CNY 243,970,948.01 in Q1 2023, up 4.9% from CNY 232,757,967.68 in Q1 2022[26] - The company’s total profit (loss) for the period was CNY -40,667,767.84 in Q1 2023, compared to CNY -10,580,492.53 in Q1 2022, indicating a worsening financial position[38] - The company’s operating profit was CNY -40,685,239.23 in Q1 2023, compared to CNY -10,611,708.51 in Q1 2022, indicating a decline in operational efficiency[38]