恒为科技业绩快报：2025年归母净利润3493.80万元，同比增长30.13%

Core Viewpoint - Hengwei Technology (603496.SH) reported a decline in revenue for the fiscal year 2025, while net profit showed significant growth, indicating a mixed performance driven by varying business segments [1] Financial Performance - The company achieved an operating revenue of 1.047 billion yuan, a year-on-year decrease of 6.31% [1] - Net profit attributable to shareholders was 34.938 million yuan, reflecting a year-on-year increase of 30.13% [1] - The net profit after deducting non-recurring gains and losses was 29.693 million yuan, up 33.37% year-on-year [1] - Total assets at the end of the reporting period were 1.803 billion yuan, down 10.12% year-on-year [1] - Shareholders' equity increased to 1.389 billion yuan, a year-on-year rise of 2.07% [1] Business Segment Performance - Revenue from the network visualization business reached 448 million yuan, marking an 18.40% year-on-year growth, primarily due to increased orders from the operator market [1] - The intelligent system platform business saw revenue decline to 598 million yuan, a decrease of 19.04% year-on-year, attributed to reduced orders for integrated computing machines [1] - Despite the decline in the intelligent system platform, revenue from switch hardware and network security platform business grew significantly due to rising demand in the network communication and cybersecurity markets [1] Cost Management - The company implemented strict cost control measures and enhanced accounts receivable management, contributing to the year-on-year increase in net profit [1]