经济观察网2026年2月5日，恒为科技（603496）发布2025年度业绩快报，显示归属净利润为3,493.80万 元，同比增长30.13%；营业收入为10.47亿元，同比减少6.31%。报告期内，网络可视化业务收入同比增 长18.40%，但智能系统平台业务收入同比下降19.04%。此外，国务院国资委于2月11日提出扩大算力有 效投资、推进"AI+"产业共同体建设，可能间接利好算力相关企业如恒为科技。 以上内容基于公开资料整理，不构成投资建议。 财报分析2025年度业绩快报显示，公司净利润回升主要得益于费用管控、应收账款管理优化及信用减值 损失减少。网络可视化业务因运营商订单确认收入增长，但毛利率有所下降；智能系统平台业务受智算 一体机订单减少拖累，而交换机硬件及网络安全平台收入增长明显。整体营收小幅下滑，但盈利指标改 善。 股票近期走势近7天(2026年2月6日至2月12日)，恒为科技股价区间涨跌幅为5.27%，振幅7.31%。2月12 日最新股价为29.54元，单日涨跌幅0.96%，5日涨跌幅5.27%；同期计算机设备板块涨跌幅为0.73%，上 证指数涨跌幅为0.04%。股价波动部分受市场算力、AI应用等 ...

恒为科技（603496）(603496.SH)发布2025年年度业绩快报公告，公司实现营业收入10.47亿元，同比减 少6.31%;实现归属于上市公司股东的净利润为3493.80万元，同比增长30.13%;实现归属于上市公司股东 的扣除非经常性损益的净利润为2969.30万元，同比增长33.37%。 报告期内，公司网络可视化业务收入4.48亿元，同比增长18.40%，主要系运营商市场订单在本年度确认 收入较多，致使收入实现较快增长，因产品结构原因，毛利率有一定程度下降。公司智能系统平台业务 收入5.98亿元，同比下降19.04%，主要系智算一体机业务订单减少所致，但受益于网络通信与网安信创 市场的需求增长，交换机硬件及网络安全平台业务收入增长明显。报告期内，公司通过严格管控费用支 出、强化应收账款管理等精细化举措，全年净利润实现同比回升。 ...

报告期内，公司网络可视化业务收入4.48亿元，同比增长18.40%，主要系运营商市场订单在本年度确认 收入较多，致使收入实现较快增长，因产品结构原因，毛利率有一定程度下降。公司智能系统平台业务 收入5.98亿元，同比下降19.04%，主要系智算一体机业务订单减少所致，但受益于网络通信与网安信创 市场的需求增长，交换机硬件及网络安全平台业务收入增长明显。报告期内，公司通过严格管控费用支 出、强化应收账款管理等精细化举措，全年净利润实现同比回升。 智通财经APP讯，恒为科技(603496.SH)发布2025年年度业绩快报公告，公司实现营业收入10.47亿元， 同比减少6.31%;实现归属于上市公司股东的净利润为3493.80万元，同比增长30.13%;实现归属于上市公 司股东的扣除非经常性损益的净利润为2969.30万元，同比增长33.37%。 ...

报告期内，公司网络可视化业务收入4.48亿元，同比增长18.40%，主要系运营商市场订单在本年度确认 收入较多，致使收入实现较快增长，因产品结构原因，毛利率有一定程度下降。公司智能系统平台业务 收入5.98亿元，同比下降19.04%，主要系智算一体机业务订单减少所致，但受益于网络通信与网安信创 市场的需求增长，交换机硬件及网络安全平台业务收入增长明显。报告期内，公司通过严格管控费用支 出、强化应收账款管理等精细化举措，全年净利润实现同比回升。 格隆汇2月5日丨恒为科技(603496.SH)公布2025年年度业绩快报，2025年度公司实现营业收入10.47亿 元，同比减少6.31%；实现归属于上市公司股东的净利润为3493.80万元，同比增长30.13%；实现归属于 上市公司股东的扣除非经常性损益的净利润为2969.30万元，同比增长33.37%。报告期末，公司总资产 为18.03亿元，同比减少10.12%；归属于上市公司股东的所有者权益为13.89亿元，同比增加2.07%。 ...

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 income 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] - Shareholder equity increased by 2.07% year-on-year, reaching 1.389 billion yuan [1] Business Segment Performance - Revenue from the network visualization business was 448 million yuan, an increase of 18.40% year-on-year, primarily due to a higher volume of confirmed orders from the operator market [1] - Revenue from the intelligent system platform business was 598 million yuan, a decrease of 19.04% year-on-year, attributed to a reduction in orders for integrated computing machines [1] - Despite the decline in the intelligent system platform, revenue from switch hardware and network security platforms grew significantly due to increased 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]

恒为科技发布业绩快报，2025年度公司实现营业收入10.47亿元，同比减少6.31%；实现归属于上市公司 股东的净利润为3493.8万元，同比增长30.13%；实现归属于上市公司股东的扣除非经常性损益的净利润 为2969.3万元，同比增长33.37%。报告期内，公司网络可视化业务收入4.48亿元，同比增长18.40%，主 要系运营商市场订单在本年度确认收入较多，致使收入实现较快增长，因产品结构原因，毛利率有一定 程度下降。公司智能系统平台业务收入5.98亿元，同比下降19.04%，主要系智算一体机业务订单减少所 致，但受益于网络通信与网安信创市场的需求增长，交换机硬件及网络安全平台业务收入增长明显。 ...

（编辑 王雪儿） 证券日报网1月29日讯 ，恒为科技在接受调研者提问时表示，2025年第三季度，公司实现营业收入7.39 亿元，扣非净利润3447万元。网络可视化业务收入3.77亿元，同比增长较快，今年运营商行业的订单确 认较多，对收入增长贡献较大。公司会在财务大数基本确定的情况下，通过发布业绩快报的形式向投资 者告知公司经营情况信息。 ...

Core Insights - Hengwei Technology reported significant declines in both revenue and net profit for the first half of 2025, with revenue at 488.40 million yuan, a year-on-year decrease of 23.19%, and net profit attributable to shareholders at 17.82 million yuan, down 75.16% [2][3] Financial Performance - Total revenue for the first half of 2025 was 488.40 million yuan, compared to 635.89 million yuan in the same period last year, reflecting a decrease of 23.19% [3] - Total profit for the period was 17.06 million yuan, a decline of 77.11% from 74.55 million yuan year-on-year [3] - The net profit attributable to shareholders was 17.82 million yuan, down 75.16% from 71.74 million yuan in the previous year [3] - The net profit after deducting non-recurring gains and losses was 15.07 million yuan, a decrease of 77.99% compared to 68.46 million yuan last year [3] - The net cash flow from operating activities was 72.64 million yuan, a significant improvement from a negative cash flow of 104.35 million yuan in the previous year [3] - As of the end of the reporting period, the net assets attributable to shareholders were 1.37 billion yuan, a slight increase of 0.86% from the previous year [3] Business Segmentation - The network visualization business generated revenue of 262 million yuan, a year-on-year increase of 43.48%, primarily benefiting from the implementation of projects in the operator market [4] - Conversely, the intelligent system platform business saw revenue drop to 226 million yuan, a decline of 49.95%, which was the main factor dragging down overall performance [4] - The decline in the intelligent system platform business was attributed to a reduction in orders for intelligent computing services [4] Subsidiary Performance - Several subsidiaries of Hengwei Technology reported losses, including Shanghai Hengwei Intelligent Technology, Zhejiang Hengwei Electronics, and Shenzhen Haishang Zhiyun Technology, with at least six major subsidiaries showing negative net profits [5] Dividend and R&D - In response to performance pressures, Hengwei Technology announced a semi-annual dividend plan, proposing a payout of 0.05 yuan per 10 shares (tax included) [5] - The company maintained R&D expenditures at 59.45 million yuan, a slight increase of 0.45% year-on-year, and introduced a new utility model patent for "FPGA-based power switch control circuit" [5]