山石网科发预亏，预计2025年度归母净亏损1.8亿元至2.2亿元

Core Viewpoint - The company, Hillstone Networks (688030.SH), anticipates a net loss attributable to shareholders of 180 million to 220 million yuan for the fiscal year 2025 due to weak downstream customer demand and intensified market competition in the cybersecurity industry [1] Group 1: Financial Performance - The company expects a net loss of 180 million to 220 million yuan for 2025 [1] - The anticipated loss is attributed to ongoing weak demand from downstream customers and increased competition in the market [1] Group 2: Business Development - The company has successfully tested its ASIC security dedicated chip in Q4 2025 and is now focusing on leveraging this new generation of security products for market bids [1] - The company has significantly increased its opportunity reserve for ASIC security products, with successful bids from leading clients in the securities and energy sectors, exceeding expectations [1] - The ASIC security products are scheduled for large-scale supply in the first half of 2026, which will not contribute significantly to the company's revenue in 2025 [1]