证券日报网讯 12月1日，山石网科在互动平台回答投资者提问时表示，公司ASIC芯片已完成从设计到 流片的关键验证和量产流片，搭载ASIC芯片的新一代安全产品也已进入供货准备阶段，即将面向市场 形成批量销售。目前没有直接对外销售芯片的规划。 （编辑 袁冠琳） ...

Core Viewpoint - The company has completed the critical validation and mass production of its ASIC security chips, with new security products ready for market supply, but currently has no plans for external sales of the chips [1] Group 1 - The company responded to an investor inquiry regarding the external sales plans for its ASIC chips [1] - The company disclosed the progress of its ASIC security chip development in a recent announcement [1] - The new generation of security products equipped with ASIC chips is entering the supply preparation stage for bulk sales [1]

格隆汇12月1日丨山石网科(688030.SH)在投资者互动平台表示，公司近期披露了《关于自愿披露公司 ASIC安全专用芯片研发进展的公告》（公告编号：2025-069），公司ASIC芯片已完成从设计到流片的 关键验证和量产流片，搭载ASIC芯片的新一代安全产品也已进入供货准备阶段，即将面向市场形成批 量销售。目前没有直接对外销售芯片的规划。 ...

Core Viewpoint - The company has successfully completed the mass production and testing of its self-developed ASIC security chip, aligning with national strategies for innovation and self-control in information technology [2] Group 1: ASIC Chip Development - The ASIC chip development began in 2021 and has now entered the mass production phase after passing internal tests [2] - The chip has undergone rigorous testing, including stability and stress tests under extreme conditions, as well as performance tests for data throughput, low latency, and encryption efficiency [2] - The company holds complete intellectual property rights for the chip technology, and prototypes have been validated in various scenarios [2] Group 2: Product Launch and Market Impact - The new generation of security products equipped with the ASIC chip is in the supply preparation stage, with plans for large-scale sales and delivery to commence in the first quarter of 2026 [2] - The company indicated that the new products are not expected to significantly impact its 2025 performance, and uncertainties exist regarding market demand and competition for 2026 and beyond [3]

Core Viewpoint - The company has successfully completed the testing and verification of its self-developed ASIC security chip, which is expected to positively impact its future development and market presence [2][7]. Group 1: ASIC Chip Development Progress - The company initiated the development of the ASIC security chip in 2021 to enhance the performance, stability, and cost-effectiveness of its domestic security products [4]. - The ASIC chip has recently received mass production samples and has undergone comprehensive testing, including stability, performance, and system adaptation tests [2][5]. - All functionalities and performance indicators of the chip have met design requirements, aligning with the company's security product application needs [2][5]. Group 2: Future Plans and Market Readiness - The new generation of security products equipped with the ASIC chip is in the supply preparation stage, with expectations for large-scale sales and product delivery to begin in the first quarter of 2026 [6][7]. - The successful testing of the mass-produced chip indicates that the company is ready for large-scale market application, which is anticipated to have a positive impact on its future growth [7]. Group 3: Intellectual Property and Market Impact - The company holds complete independent intellectual property rights for the ASIC chip technology, and the successful field verification of prototypes has met expectations [7]. - The introduction of the new generation of security products is expected to enhance the company's market competitiveness and overall performance in the future [7].

Core Insights - Over 20 positive announcements were made by companies listed on the Shanghai Stock Exchange as of November 23, indicating a trend of share buybacks, operational improvements, contract orders, and R&D advancements [1] Group 1: Share Buybacks - Sinopec announced the completion of its current round of share buybacks, having repurchased 89.35 million A-shares, accounting for 0.07% of the total share capital, at an average price of approximately 5.60 yuan per share, totaling around 500 million yuan [1] - Zhongkong Technology has repurchased 5.94 million shares since starting its buyback in October, with a total transaction amount nearing 300 million yuan as of November 21 [1] Group 2: Product Development and Sales - JinkoSolar announced the official mass production of its Tiger Neo 3.0 module, marking the transition to large-scale production, with a total of 15 GW of orders signed during a global signing ceremony with distributors [1] - Hillstone Networks reported that its ASIC chip has completed critical verification and mass production, with new security products set to enter the market for bulk sales, expecting to achieve large-scale sales and product delivery by Q1 2026 [1]

Core Viewpoint - The company has successfully developed and tested its proprietary ASIC security chip, which is expected to drive the sales of new security products starting in Q1 2026, with no significant impact on the company's performance in 2025 [1] Group 1: Product Development - The ASIC security chip has completed mass production and testing, meeting all design requirements and performance indicators [1] - The chip is compatible with the company's security products, fulfilling design goals for application needs [1] Group 2: Future Projections - The company anticipates that the new generation of security products utilizing the ASIC chip will begin large-scale sales and delivery in the first quarter of 2026 [1] - The expected launch of these products will not significantly affect the company's financial performance in 2025 [1]

Core Viewpoint - The company has successfully developed and tested its proprietary ASIC security chip, which is expected to be integrated into new security products for mass sales starting in Q1 2026, with no significant impact on the company's 2025 performance [1] Group 1: Product Development - The ASIC chip has completed mass production and testing, including long-term stability and stress tests under extreme conditions [1] - Comprehensive testing covered various operational modes and complex network topologies, ensuring all functionalities and performance metrics meet design specifications [1] - The chip has been validated for compatibility with the company's security products, achieving all design goals [1] Group 2: Market Outlook - The new generation of security products utilizing the ASIC chip is projected to begin large-scale sales and delivery in Q1 2026 [1] - There is uncertainty regarding market demand, expansion, and competition for the new products, making it difficult to predict the impact on the company's performance in 2026 and beyond [1]

Core Viewpoint - The company, Hillstone Networks (688030.SH), has announced that its self-developed ASIC security dedicated chip has recently completed mass production and testing, meeting all design requirements [1] Group 1 - The ASIC chip has undergone comprehensive testing and validation, with all functional and performance indicators meeting design specifications [1] - The new generation of security products equipped with the ASIC chip is now in the supply preparation stage, ready for market launch [1] - The company anticipates starting large-scale sales and product delivery in the first quarter of 2026 [1]