电科网安所属申万行业为：计算机-计算机设备-其他计算机设备。所属概念板块包括：密码安全、信息 安全、态势感知、华为鸿蒙、数字经济等。 截至9月30日，电科网安股东户数7.38万，较上期减少18.07%；人均流通股11451股，较上期增加 22.06%。2025年1月-9月，电科网安实现营业收入7.57亿元，同比减少23.71%；归母净利润-2.13亿元， 同比减少0.03%。 分红方面，电科网安A股上市后累计派现4.14亿元。近三年，累计派现1.52亿元。 11月25日，电科网安盘中上涨2.05%，截至13:13，报17.43元/股，成交1.01亿元，换手率0.69%，总市值 147.39亿元。 资金流向方面，主力资金净流入543.18万元，特大单买入711.42万元，占比7.07%，卖出460.98万元，占 比4.58%；大单买入2162.87万元，占比21.49%，卖出1870.13万元，占比18.58%。 电科网安今年以来股价涨7.66%，近5个交易日跌0.11%，近20日跌0.85%，近60日跌9.64%。 今年以来电科网安已经1次登上龙虎榜，最近一次登上龙虎榜为6月19日，当日龙虎榜净买入1.53亿 ...

11月20日，山石网科盘中下跌2.02%，截至10:25，报18.45元/股，成交1072.60万元，换手率0.32%，总 市值33.25亿元。 资金流向方面，主力资金净流出202.29万元，大单买入0.00元，占比0.00%，卖出202.29万元，占比 18.86%。 资料显示，山石网科通信技术股份有限公司位于江苏省苏州高新区景润路181号，成立日期2011年7月20 日，上市日期2019年9月30日，公司主营业务涉及网络安全领域前沿技术的创新,提供包括边界安全、云 安全、数据安全、内网安全在内的网络安全产品及服务,致力于为用户提供全方位、更智能、零打扰的 网络安全解决方案。主营业务收入构成为：边界安全产品75.09%，其他安全产品18.93%，云安全产品 5.09%，其他(补充)0.88%。 山石网科所属申万行业为：计算机-软件开发-横向通用软件。所属概念板块包括：国产软件、网络安 全、DeepSeek概念、信创概念、ASIC芯片等。 截至9月30日，山石网科股东户数7642.00，较上期增加10.67%；人均流通股23584股，较上期减少 9.64%。2025年1月-9月，山石网科实现营业收入7.19亿 ...

Core Viewpoint - The stock of China Electronics Technology Network Security Co., Ltd. (电科网安) has experienced a decline of 2.04% on November 12, with a current price of 17.29 CNY per share and a total market capitalization of 14.621 billion CNY [1] Financial Performance - For the period from January to September 2025, the company reported a revenue of 757 million CNY, representing a year-on-year decrease of 23.71%. The net profit attributable to shareholders was -213 million CNY, a slight decrease of 0.03% year-on-year [2] - The company has cumulatively distributed 414 million CNY in dividends since its A-share listing, with 152 million CNY distributed over the past three years [3] Stock Market Activity - As of November 12, the stock has increased by 6.79% year-to-date, but has seen a decline of 3.14% over the last five trading days, 0.92% over the last twenty days, and 7.74% over the last sixty days [1] - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) once this year, with a net buy of 153 million CNY on June 19, accounting for 33.55% of total trading volume [1] Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 18.07% to 73,800, while the average number of circulating shares per person increased by 22.06% to 11,451 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder with 15.7281 million shares, an increase of 2.2204 million shares from the previous period [3]

Core Viewpoint - The stock of Electric Science and Technology Network Security (电科网安) has experienced fluctuations, with a current price of 17.69 CNY per share, reflecting a year-to-date increase of 9.26% but a recent decline in the last five trading days [1][2]. Financial Performance - For the period from January to September 2025, Electric Science and Technology Network Security reported a revenue of 757 million CNY, representing a year-on-year decrease of 23.71%. The net profit attributable to shareholders was -213 million CNY, showing a slight decrease of 0.03% year-on-year [2]. - The company has distributed a total of 414 million CNY in dividends since its A-share listing, with 152 million CNY distributed over the past three years [3]. Stock Market Activity - As of November 5, the stock has seen a trading volume of 1.01 billion CNY, with a turnover rate of 0.67% and a total market capitalization of 14.959 billion CNY. The net outflow of main funds was 18.01 million CNY, with significant selling pressure observed [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) once this year, with the last appearance on June 19, where it recorded a net buy of 153 million CNY [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders for Electric Science and Technology Network Security was 73,800, a decrease of 18.07% from the previous period. The average number of circulating shares per person increased by 22.06% to 11,451 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable changes in holdings among these entities [3].

Core Viewpoint - The stock price of Hillstone Networks has experienced fluctuations, with a recent decline of 2.17% on November 5, 2023, despite a year-to-date increase of 25.16% [1][2]. Company Overview - Hillstone Networks, established on July 20, 2011, and listed on September 30, 2019, is located in Suzhou High-tech Zone, Jiangsu Province. The company specializes in innovative technologies in the network security field, offering a comprehensive range of products and services including boundary security, cloud security, data security, and internal network security [2]. - The revenue composition of Hillstone Networks includes 75.09% from boundary security products, 18.93% from other security products, 5.09% from cloud security products, and 0.88% from other supplementary services [2]. Financial Performance - For the period from January to September 2025, Hillstone Networks achieved a revenue of 719 million yuan, reflecting a year-on-year growth of 1.91%. However, the net profit attributable to the parent company was a loss of 72.84 million yuan, which represents a year-on-year increase of 4.89% in losses [2]. - As of September 30, 2023, the number of shareholders for Hillstone Networks was 7,642, an increase of 10.67% from the previous period, while the average circulating shares per person decreased by 9.64% to 23,584 shares [2]. Dividend Information - Since its A-share listing, Hillstone Networks has distributed a total of 51.03 million yuan in dividends, with no dividends paid in the last three years [3].

Core Viewpoint - The stock of Hillstone Networks has shown a positive trend with a year-to-date increase of 27.74%, reflecting strong performance in the cybersecurity sector [1][2]. Company Overview - Hillstone Networks, established on July 20, 2011, and listed on September 30, 2019, is located in Suzhou High-tech Zone, Jiangsu Province. The company specializes in innovative technologies in the cybersecurity field, offering a comprehensive range of products and services including boundary security, cloud security, data security, and internal network security [1]. - The revenue composition of Hillstone Networks is as follows: boundary security products account for 75.09%, other security products 18.93%, cloud security products 5.09%, and other supplementary products 0.88% [1]. Financial Performance - As of June 30, the number of shareholders for Hillstone Networks was 6,905, an increase of 1.11% from the previous period. The average circulating shares per person decreased by 1.10% to 26,101 shares [2]. - For the first half of 2025, Hillstone Networks reported a revenue of 417 million yuan, representing a year-on-year growth of 9.46%. However, the net profit attributable to the parent company was -76.56 million yuan, showing a year-on-year increase of 4.31% [2]. Stock Performance - On October 21, Hillstone Networks' stock price rose by 2.01%, reaching 19.80 yuan per share, with a trading volume of 20.65 million yuan and a turnover rate of 0.59%. The total market capitalization is 3.569 billion yuan [1]. - The stock has experienced a 1.96% increase over the last five trading days, a 4.30% decrease over the last 20 days, and a 13.27% increase over the last 60 days [1]. Dividend Information - Since its A-share listing, Hillstone Networks has distributed a total of 51.0032 million yuan in dividends, with no dividends paid in the last three years [3].

Group 1 - The company is continuously enhancing its research in AI-related technologies and actively exploring "AI + security" innovative applications [1] - The company has achieved the highest level A certification in the third and fourth editions of the China Artificial Intelligence Competition, indicating strong capabilities in AI technology [1] - AI-related technologies are widely applied in the company's products for network security, data security, situational awareness, security operations, and anti-DDoS intelligent platforms, effectively improving core product capabilities [1] Group 2 - The company provides services for large model deployment, tuning, and helps various industries build AI foundational platforms, AI agents, and offers consulting and technical support [1] - The company is researching and launching security detection, assessment, analysis, and protection solutions for AI system security [1]

Core Viewpoint - The company, Beixin Source (300352), emphasizes its position as a leading provider of network and information security solutions in China, highlighting its versatile products that cater to various information technology needs, including data security and emergency response [1] Company Overview - Beixin Source's products are classified as general-purpose, with no specific industry restrictions, making them applicable to a wide range of information technology requirements [1] - The company has established long-term partnerships with over a hundred airlines and airports, including major players such as China Southern Airlines (600029), China Eastern Airlines, Spring Airlines, Sichuan Airlines, Beijing Daxing International Airport, and China Aviation Group [1] Industry Focus - The company is committed to monitoring trends and technological advancements in the low-altitude economy sector, aiming to enhance its product applications and better serve its customers [1]

Group 1 - The core viewpoint of the article highlights that Zhongfu Information (300659) has a strong presence in the military industry through its cybersecurity products, data security products, and information security services [1] - Recently, the company has won projects aimed at ensuring the security and stability of client terminal systems, focusing on building a comprehensive data security protection system centered around data security [1]

Group 1: Cybersecurity Landscape - The Chinese Cyberspace Security Association reported that the U.S. government has used countries like Germany, South Korea, Singapore, and the Netherlands as platforms to launch cyberattacks against China, with over 600 cyberattack incidents targeting important Chinese units by foreign APT organizations in 2024 [1] - The Chinese Ministry of Foreign Affairs stated that China will continue to take necessary measures to safeguard its cybersecurity [1] Group 2: Importance of Critical Information Infrastructure - Critical information infrastructure includes essential sectors such as public communication and information services, energy, transportation, water resources, finance, public services, e-government, and national defense technology, which, if compromised, could severely threaten national security and public interests [1] Group 3: AI in Cybersecurity - Northeast Securities indicated that security operations are the most in need of deep transformation through AI in the cybersecurity industry, highlighting the significant advantages and potential of AI large models in areas such as alert noise reduction, attack assessment, and automated response and handling [1] - AI-enabled traditional security products primarily include threat detection products (malware detection, attack traffic detection, user and entity behavior analysis, and encrypted traffic analysis), data security, and firewalls [1] - According to Statista, the global AI security market is projected to grow at a compound annual growth rate of 27.60% from 2023 to 2030, with the market size expected to reach $134 billion by 2030 [1] Group 4: Companies Mentioned - Companies highlighted by Northeast Securities include: Green Alliance Technology, Tianrongxin, and Qihoo 360 [2]