Core Points - The company Shanshi Network Technology (688030) reported a net financing purchase of 1.68 million yuan on October 30, 2025, with a total financing balance of 60.62 million yuan, indicating a positive market sentiment towards the stock [1][2][3] Financing Activity Summary - On October 30, 2025, the net financing purchase was 167.87 thousand yuan, with a financing balance of 60.61 million yuan, representing 1.72% of the circulating market value [2] - Over the past three trading days, the cumulative net financing purchase reached 718.24 thousand yuan, with 13 out of the last 20 trading days showing net financing purchases [1] - The financing balance increased by 2.85% compared to the previous day, reflecting a strengthening bullish sentiment in the market [3] Historical Financing Data - The financing balance on October 29, 2025, was 58.94 million yuan, with a net financing purchase of 212.34 thousand yuan [2] - On October 28, 2025, the financing balance was 56.81 million yuan, with a net financing purchase of 338.03 thousand yuan, marking a 6.33% increase from the previous day [3] - The financing balance on October 24, 2025, was 52.68 million yuan, showing a decrease of 178.62 thousand yuan, indicating a momentary bearish sentiment [3]

Core Viewpoint - The company, Shanshi Network Technology, is a significant player in the domestic cybersecurity market, focusing on cutting-edge technology innovation and offering comprehensive cybersecurity solutions [1] Group 1: Business Performance - In Q3 2025, Shanshi Network reported revenue of 719 million yuan, ranking 19th out of 35 in the industry, significantly lower than the industry leader, iFlytek, which reported 16.989 billion yuan [2] - The main business composition includes boundary security products at 748 million yuan (75.09%), other security products at 189 million yuan (18.93%), and cloud security products at 50.75 million yuan (5.09%) [2] - The net profit for the same period was a loss of 74.71 million yuan, ranking 20th out of 35, with a loss margin smaller than the industry average of -98.15 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 57.29%, higher than the previous year's 46.11% and the industry average of 29.42% [3] - The gross profit margin for Q3 2025 was 69.63%, lower than the previous year's 72.90% but above the industry average of 63.59% [3] Group 3: Executive Compensation - The chairman and general manager, Ye Haiqiang, received a salary of 2.5693 million yuan in 2024, an increase of 1.1928 million yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 10.67% to 7,642, while the average number of circulating A-shares held per account decreased by 9.64% to 23,600 [5]

Group 1 - The core point of the news is that Shanshi Network Technology (688030.SH) reported its Q3 2025 results, revealing significant institutional investor activity with 11 institutions holding a total of 75.54 million shares, representing 41.91% of the total share capital [1] - Among the top ten institutional investors, the combined holding ratio decreased by 3.11 percentage points compared to the previous quarter, indicating a potential shift in investor sentiment [1] - The top ten institutional investors include notable firms such as Shenzhou Cloud Technology, 360 Digital Security Group, and Yixing Guangkong Investment, collectively holding 41.90% of the shares [1] Group 2 - In the public fund sector, two funds increased their holdings compared to the previous period, with a total increase of 0.10% [2] - Two new public funds disclosed their holdings this quarter, including GF SSE Sci-Tech Innovation Board 100 Enhanced Strategy ETF and CITIC Securities CSI 1000 Enhanced A [2] - A total of 80 public funds did not disclose their holdings this quarter, including several notable funds such as Huaxia CSI 500 Enhanced A and Morgan Stanley Multi-Factor Strategy Mixed Fund [2]

Core Viewpoint - The company reported a slight increase in total revenue for the first three quarters of 2025, but still posted a net loss, indicating ongoing financial challenges [1] Financial Performance - Total revenue for the first three quarters reached 719 million yuan, representing a year-on-year growth of 1.91% [1] - The net profit attributable to shareholders was a loss of 72.8355 million yuan, which is a reduction in loss by 3.7426 million yuan compared to the same period last year [1] - Basic earnings per share stood at -0.4041 yuan [1]

证券代码：688030 证券简称：山石网科 公告编号：2025-065 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 关于续聘公司 2025 年度审计机构的公告 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： ●拟续聘审计机构名称：致同会计师事务所（特殊普通合伙） 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"）于 2025 年 10 月 29 日召开第三届董事会第八次会议，审议通过了《关于续聘公司 2025 年度审计机构的议案》，同意续聘致同会计师事务所（特殊普通合伙）为公司 2025 年度审计机构，聘期一年。前述议案尚需提交公司股东大会审议，具体情况如下： 一、拟续聘审计机构的基本情况 （一）机构信息 1、基本信息 （1）会计师事务所名称：致同会计师事务所（特殊普通合伙）（以下简称"致 同所"） （2）成立日期：2011 年 12 月 22 日 （3）组织形式：特殊普通合伙 （7）截至 2024 年 12 月 31 日注册会计师人数：1,359 人，其中：签署过 ...

| 证券代码:688030 | | --- | | 转债代码:118007 | 证券代码：688030 证券简称：山石网科 公告编号：2025-064 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 2025 年前三季度计提资产减值准备的公告 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。 一、计提资产减值准备情况概述 为客观、公允地反映山石网科通信技术股份有限公司（以下简称"公司"） 截至 2025 年 9 月 30 日的财务状况及 2025 年前三季度的经营成果，本着谨慎性 原则，根据《企业会计准则》及公司会计政策、会计估计的相关规定，公司对截 至 2025 年 9 月 30 日公司及子公司的应收票据、应收账款、其他应收款、合同资 产等进行了减值测试，并根据减值测试的结果相应计提了减值准备。 2025 年前三季度，公司计提资产减值损失和信用减值损失共计人民币 40,867,623.84 元，具体情况如下： 单位：元 | 序号 | 项目 | 计提金额 | 备注 | | --- | --- ...

Group 1 - The company, 山石网科, announced that it will recognize asset impairment and credit impairment losses totaling approximately 40.87 million yuan for the first three quarters of 2025, which will reduce the total profit for the same period by the same amount [1] - In 2024, the company's revenue composition indicates that the cybersecurity industry accounts for 99.12% of its total revenue, while other businesses contribute only 0.88% [1] - As of the report date, the market capitalization of 山石网科 is 3.5 billion yuan [1]

证券代码：688030 证券简称：山石网科 公告编号：2025-066 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2025年第三次临时股东大会的通知 本公司董事会及全体董事保证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、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第三次临时股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 11 月 18 日 14 点 00 分 召开地点：苏州市高新区景润路 181 号山石网科 1 楼会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 11 月 18 日 至2025 年 11 月 18 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 1 / 6 股东大会召开日期：2025年11月18日 本次股 ...

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"）第三 届监事会第六次会议（以下简称"本次会议"）于 2025 年 10 月 29 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 2025 年 10 月 18 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》（以下简称 "《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。 二、监事会会议审议情况 经与会监事表决，审议通过以下议案： 议案一、《关于公司 2025 年第三季度报告的议案》 证券代码：688030 证券简称：山石网科 公告编号：2025-063 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 第三届监事会第六次会议决议公告 监事会认为： （1）公司 2 ...

Group 1 - Company reported Q3 performance with revenue of approximately 719 million yuan for the first three quarters of 2025, representing a year-on-year increase of 1.91% [1] - The net profit attributable to shareholders was a loss of approximately 72.84 million yuan, with basic earnings per share showing a loss of 0.4041 yuan [1] - As of the report, the company's market capitalization stands at 3.5 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation [1] - A new "slow bull" market pattern is emerging, indicating a potential shift in market dynamics [1]