Core Insights - The 2026 Hong Kong Cybersecurity Technology Forum aims to enhance the resilience of Hong Kong's cybersecurity and support its development as a leading digital economy [3][11] - The forum gathered elite representatives from various sectors including government, finance, energy, telecommunications, and technology to discuss emerging threats, AI governance, and critical infrastructure protection [3][11] Company Participation - Hillstone Networks was invited to participate in the forum, showcasing its latest achievements driven by the "ASIC + AI" dual-engine strategy and discussing pathways to build security resilience in the era of intelligence [3][10] - The company presented its dual empowerment concept of "AI for Security" and "Security for AI" at its exhibition booth, which is central to its "Dual A Strategy" [4][11] Technology Showcase - "AI for Security" involves the Hillstone Lingyan large model application platform and integrated machine that enhances security operation analysis and device maintenance efficiency, supporting both localized and cloud deployments [4][12] - "Security for AI" includes the large model application firewall (MAF) and comprehensive solutions that provide systematic security protection for enterprises and institutions using AI and large models, preventing data leaks and malicious prompts [5][13] - The self-developed ASIC security chip powers the next-generation intelligent firewalls and other hardware, achieving performance multiplication, microsecond-level low latency, and extreme stability for high-end scenarios [6][14] Local Market Commitment - Hillstone Networks demonstrated its commitment to the local market by achieving significant breakthroughs in the Hong Kong and Macau markets, serving key clients such as Hong Kong Cyberport and MTR [7][15] - The company has established localized marketing and technical support teams, integrating its security capabilities validated in over 60 countries into Hong Kong's development as an international innovation technology hub and smart city [7][15]

Core Viewpoint - The article discusses the strategic transition of 山石网科 (ShanShi Network Technology) towards the development and mass production of ASIC security chips, which is a key component of its "Double A Strategy" (ASIC + AI) aimed at enhancing its product offerings and market position in the cybersecurity industry [1][2]. Group 1: ASIC Chip Development - 山石网科 has entered the preparation stage for mass production of its ASIC security chip, with plans to switch all products to the ASIC platform by 2025 [1]. - The ASIC chip, built on a 28-nanometer process, is expected to reduce hardware dependency on CPUs and play a crucial role in integrating both domestic and international markets [2]. - The company initiated its ASIC R&D strategy in 2021, successfully completed a single wafer run in October 2024, and anticipates limited market entry in Q4 of this year, with large-scale launch expected in Q1 to Q2 of next year [2]. Group 2: Market Position and Growth Potential - 山石网科 has transformed from a traditional boundary security vendor to a comprehensive security service provider with 57 products across 10 categories, becoming the third company to launch ASIC security chips after NetScreen and Fortinet [2]. - The company aims to achieve an incremental revenue of approximately 80 million to 100 million yuan annually in the financial and internet sectors through optimized product and market strategies [2]. - The cloud firewall market is projected to grow from $2.208 billion in 2021 to $10.334 billion by 2028, with a compound annual growth rate of 24.67%, highlighting the growth potential for 山石网科 in this sector [1]. Group 3: Strategic Goals and Market Outlook - The cybersecurity industry has shifted from single products to systematic services, emphasizing that security is a systemic issue rather than a singular one [3]. - 山石网科's management team aims to align its commercial value with its technological capabilities through the "Double A" strategy, focusing on maintaining existing customer purchases while expanding into new markets [3]. - The company has set 2023 to 2025 as an adjustment period to gradually reduce losses, with 2026 to 2028 designated as a transition period aimed at achieving profitability through increased market share and profit margins [4].

Group 1 - Company announced the launch of ASIC security dedicated chips and is preparing for mass production, aiming to complete the transition to the ASIC platform for all products by 2025, which is a key part of the "Dual A Strategy" (ASIC + AI) [1] - The cloud firewall market is expected to grow from $2.208 billion in 2021 to $10.334 billion by 2028, with a compound annual growth rate of 24.67%, highlighting the company's position as a representative vendor in Gartner's security visionary quadrant [1] - The company has transformed from a traditional boundary security vendor to a comprehensive security service provider with 57 products across 10 categories, becoming the third network security company to launch ASIC security dedicated chips [2] Group 2 - The ASIC chip, built on a 28nm process, is expected to reduce hardware dependency on CPUs and is crucial for integrating both domestic and international markets [2] - The company aims to achieve an incremental revenue of approximately $8 million to $10 million annually in the financial and internet sectors through optimized product and market strategies [2] - The company has set 2023 to 2025 as an adjustment period to gradually reduce losses, with 2026 to 2028 designated as a transition period to achieve profit growth through market share increase and profit margin expansion [3]