Hillstone Networks Co., Ltd. Class A

Hillstone Networks Co., Ltd. Class A

SSSE:688030
17.77
CNY
-0.38
(-2.09%)
-0.82EPS
2.85BMarket Cap
Oct 28Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.81
2.57
4.16
4.61
4.02
5.7
4.5
5
5.53
5.06
5.04
Basic EPS, GAAP
0.01
0.33
0.51
0.62
0.33
0.42
-1.01
-1.33
-0.76
-1.07
-0.8
Free Cash Flow per Basic Share
0.09
-0.08
-0.04
0.05
-1.36
-1.12
-2.23
-0.66
-0.85
-0.79
- -
Dividend per Share
- -
- -
- -
0.02
0.06
0.1
0.13
0.02
0.04
0.07
0.08
Book Value per Share
1.53
1.61
3.08
7.59
7.91
8.36
7.32
5.99
5.12
4.06
3.95
Tangible Book Value per Share
1.52
1.6
3.04
7.56
7.84
8.13
7.05
5.51
4.49
3.5
3.42
Basic Weighted Avg Shares
180
180
135
146
180
180
180
180
180
180
179
Sales/Revenue/Turnover
327
463
562
675
725
1,027
812
901
997
911
903
Operating Margin (%)
-7.6
13.97
15.77
15.55
6.9
8.29
-22.87
-20.96
-9.18
-11.6
-6.52
Depreciation Expense
8
11
13
16
23
51
64
71
66
59
- -
Net Income, GAAP
1
60
69
91
60
76
-182
-240
-137
-194
-144
Effective Tax Rate (%)
24.1
2.15
12.54
3.69
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
0.36
12.97
12.26
13.5
8.3
7.35
-22.48
-26.61
-13.77
-21.24
-15.95
Working Capital
196
200
388
1,331
1,130
1,157
1,126
879
702
531
531
LT Debt
- -
- -
- -
- -
21
18
258
262
272
288
295
Total Equity
207
218
416
1,368
1,425
1,506
1,321
1,080
923
730
710
Return on Invested Capital (%)
- -
27.59
20.9
10.19
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
27.54
21.63
10.3
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
28.31
21.74
10.2
4.31
5.15
-12.92
-20.01
-13.71
-23.4
-18.45

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
409
474
485
LT Borrowings
279
281
283
LT Finance Leases
9
11
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
180
180
180
Market Capitalization
3,275
2,631
2,846

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,459
1,382
1,457
Cash, Cash Equivalents & STI
270
167
223
Accounts Receivable, Net
957
959
988
Inventories
97
105
105
Total Current Liabilities
928
873
926
Payables & Accruals
- -
- -
- -
ST Debt
409
474
485
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-12.07%
-20.95%
Free Cash Flow
- -
6.79%
-6.15%
Net Income, GAAP
- -
-57.3%
41.06%
Sales/Revenue/Turnover
- -
6.73%
-8.55%
Total Cash Common Dividend
- -
34.33%
76.49%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
151
230
324
291
997
2025
158
259
- -
193
911
2026
181
271
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.42
-0.03
0.02
-0.34
-0.76
2025
-0.41
-0.01
- -
-0.68
-1.07
2026
-0.19
0.07
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.01
0.01
0.01
0.04
2025
0.03
0.01
- -
0.02
0.07
2026
0.04
0.02
- -
- -
- -

Company Description

CEO
Dong Ping Luo
Full Time Employees
1,404
Sector
Electronic technology
Industry
Telecommunications equipment
Address
181 Jingrun Road Suzhou JS China 215153
IPO Date
Sep 30, 2019
Business
Hillstone Networks Co., Ltd. is a cybersecurity company primarily engaged in the development, manufacturing, and provision of network security products and solutions. The company's core offerings include next-generation firewalls; intrusion prevention systems; unified threat management; cloud security platforms; endpoint security; network behavior analysis; and security management and analytics tools. Hillstone provides these products and services to enterprises, government institutions, and service providers, operating across China and expanding internationally. Founded in 2006, the company is headquartered in Beijing, China. In terms of recent major changes, Hillstone Networks has focused on expanding its cloud security capabilities and integrated cybersecurity solutions to address evolving cyber threats and digital transformation needs. Over the past 1-2 years, the company has launched new cloud-native security products and enhanced its AI-driven threat detection technologies. Additionally, Hillstone has formed strategic partnerships with global cloud service providers to strengthen its presence in cloud security markets. The company has also engaged in funding rounds and made acquisitions aimed at broadening its security portfolio and advancing its technological edge. These developments underscore Hillstone’s strategic shift towards providing comprehensive, intelligent cybersecurity solutions designed for hybrid and multi-cloud environments. Hillstone Networks operates principally within the cybersecurity and information security industry segments, serving diverse sectors including finance, telecommunications, government, and enterprise IT. The company maintains a strong footprint in China while progressively increasing its global market penetration. Hillstone functions as an independent corporate entity and continues to invest in R&D to support innovative security products that meet the challenges of increasingly complex network environments.