Hillstone Networks: Currently, the ASIC security chip is in the mass production tape-out stage

Hillstone Networks stated at the earnings briefing that the company is the third cybersecurity enterprise in the world to successfully develop its own ASIC security chip. Currently, the ASIC security chip is in the mass production stage and has not yet been returned. The revenue from clients in the financial industry generally accounts for about 20%. In the first half of the year, the company's R&D investments mainly included the development of ASIC security chips, further supplementation of Xinchuang product layout, empowering products and services with AI technology, and building security service capabilities