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Hillstone Networks Co Ltd

Hillstone Networks Co., Ltd. provides infrastructure protection solutions to enterprises and service providers. Its offerings include edge, cloud, and breach protection, security management, and application delivery controllers, along with technical support and training. The company also offers zero-trust network access, extended detection and response, cloud workload protection, secure SD-WAN, network detection and response, and micro-segmentation for cloud data centers. Founded in 2006 and headquartered in Suzhou, China, it serves telecommunications and internet service providers, financial services, higher education, and government agencies.

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Hillstone Networks reports net loss of 21.1194 million yuan in 2026 interim report

Hillstone Networks released its 2026 interim report, showing total operating revenue of 451 million yuan and a net loss attributable to the parent company of 21.1194 million yuan, ranking 64th among disclosed peer companies. Net cash flow from operating activities was negative 104 million yuan, ranking 74th. The company's latest asset-liability ratio was 63.60%, up 0.65 percentage points from the previous quarter and up 6.42 percentage points from the same period last year. Gross margin was 71.27%, return on equity was negative 2.97%, and diluted earnings per share was negative 0.12 yuan. Inventory turnover was 1.28 times, down 14.57% year on year. The number of shareholders was 8,071, and the top ten shareholders held 49.30% of total share capital.
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Hillstone Networks Nominates Jia Yu as Non-Independent Director Candidate

Hillstone Networks has nominated Jia Yu as a candidate for non-independent director of the company's third board of directors. The company convened the sixteenth meeting of the third board of directors on August 3 and approved the relevant proposal. In the first quarter of 2026, Hillstone Networks achieved revenue of 181 million yuan and a net loss attributable to the parent company of 34.49 million yuan.
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Hillstone Networks Announces 2026 Restricted Stock Incentive Plan, Proposes Grant of 7 Million Shares

Hillstone Networks has released the draft of its 2026 restricted stock incentive plan, proposing to grant 7 million restricted shares to 122 incentive recipients, representing approximately 3.88% of the company's total share capital of 180 million shares. The grant will be made in a single tranche with no reserved equity, at a grant price of 13.4 yuan per share. Incentive recipients include company directors, senior management, core technical personnel, and key backbone employees, with the plan's maximum validity period not exceeding 48 months. In the first quarter of 2026, the company achieved revenue of 181 million yuan, with a net loss attributable to the parent company of 34.49 million yuan.
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Hillstone Networks expects first-half 2026 loss to narrow to between 18 million and 26 million yuan

Hillstone Networks issued an announcement projecting first-half 2026 revenue of 445 million to 455 million yuan, up about 6.76 percent to 9.16 percent year on year, with a net loss attributable to the parent of 26 million to 18 million yuan, narrowing by roughly 66.04 percent to 76.49 percent. The official market launch of the company's ASIC security products became a core driver, while the rollout of its dual-A strategy boosted domestic and international market expansion. Internal operational reforms and product mix optimization lifted overall gross margin, period expenses fell year on year, and the company swung to a profit in the second quarter alone, sharply narrowing the overall loss for the first half. In the first quarter, revenue was 181 million yuan and the net loss attributable to the parent was 34.49 million yuan.
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