山石网科业绩快报：2025年净亏损1.92亿元

Core Viewpoint - The company reported a decline in revenue and an increase in net loss for the fiscal year 2025, indicating challenges in the current market environment while achieving significant technological advancements in core research and development [1] Financial Performance - The company achieved an operating revenue of 911 million yuan, a decrease of 8.55% compared to the previous year [1] - The net profit attributable to the parent company was -192 million yuan, representing a 40.07% increase in loss year-over-year [1] - The net profit attributable to the parent company, excluding non-recurring gains and losses, was -196 million yuan, with a 29.70% increase in loss compared to the previous year [1] Technological Advancements - The company made significant breakthroughs in core technology research and development, successfully developing ASIC security-specific chips [1] - New products related to these advancements have begun to win bids or be shortlisted in various projects across multiple industries at the beginning of 2026, laying a solid technical and market foundation for future performance recovery [1] Operational Strategy - The company is committed to the operational strategy of "controlling costs and increasing efficiency for healthy development," continuously strengthening cost and expense management [1] - Resources are being concentrated on key products, strategic industries, and important regions to enhance input-output ratios, while deepening external collaboration to leverage business opportunities and resource synergies [1] Market Challenges - The company faced a temporary phase of operational pressure due to overall weak industry demand, intensified market competition, fluctuations in hardware costs, and ongoing adjustments in organizational structure and core technology R&D investments [1]