9月24日下午消息，今日，罗永浩与周鸿祎深度对谈。周鸿祎坦言，现在和巨头之间不再是一种完全敌 对的关系了，还有一些合作。 他举例表示，"像我要做账号，我就要接受人家平台的游戏规则。要想得到抖音平台的支持，就得放下 身段。在视频号上，马化腾就得支持我，要不然他底下的员工总猜疑说这家伙跟我们老板有过节，是不 是要对他限流。" 周鸿祎提到，在做视频号时，自己跟马化腾发信息说，这相当于给视频号做内容贡献。"马化腾回复表 示，欢迎我这样的大V入驻。视频号对我的支持力度还是很大的，还是要感谢平台给予的支持。" 他还提到，当年和巨头打，确实有客观原因。巨头当年确实对创新公司比较狠，所以360也是被迫。但 是后来在他总结反思之后发现，打有打的打法，也有不撕破脸皮的打法，不一定大家非要死磕。 所以，后来我就能合作就合作。Deepseek今年才火爆，实际在去年大家都没找到出路的时候，我就要把 360浏览器和搜索改装成AI搜索。我把当时中国16家所有做大模型的公司，包括Kimi杨植麟、王小川、 李开复，也包括四巨头BATB（百度、阿里、腾讯、字节）、华为，把大家都团结起来，搞了一个'复仇 者联盟'，就是我们中国人的模型。所以，现在 ...

Core Viewpoint - The discussion between Luo Yonghao and Zhou Hongyi highlights the challenges and considerations in developing large-scale AI models, emphasizing that 360 has not pursued a general-purpose large model due to the significant financial investment required [1] Group 1: Investment and Financial Considerations - Zhou Hongyi stated that developing a general-purpose large model requires an investment of at least 10 billion USD, and major foreign companies have invested nearly 400 billion USD over the past few years, which 360 cannot afford [1] Group 2: Technical Aspects of AI Development - Zhou Hongyi clarified that 360 is not merely creating a shell for AI agents; substantial engineering efforts are necessary to support a complete intelligence foundation [1] - He emphasized that building an intelligent agent requires more than just a distilled model; it necessitates various specialized models, including reasoning, programming, intent prediction, and routing models [1] - Zhou Hongyi reiterated the importance of having a foundational model, stating that 360 maintains the capability to train models with parameters around 100 billion [1]

Group 1 - The focus is on the information technology self-controllable sector, with the Xinchuang ETF fund (562030) experiencing a mid-session increase of 2.68% and currently up by 1.96% [1] - Among the constituent stocks, Neusoft Group leads with over 6% increase, followed by Chengdu Huami and Kingsoft Office with over 4% gains, and other stocks like Deepin Technology, 360 Security, and CloudWalk Technology also showing upward trends [1] Group 2 - Multiple cybersecurity listed companies are actively investing in AI technology research and development, with Deepin Technology applying large model technology to network security products, creating AI firewalls and other security products [3] - Ant Group has recently launched innovative products and solutions that integrate network security and AI technology, including the gPass framework for smart glasses, which has partnered with brands like Rokid and Xiaomi [3] - Market analysts indicate that the application of AI technology will lead to explosive growth across various industries, but security issues are limiting data circulation [3] Group 3 - Dongguan Securities notes that the Xinchuang industry is steadily advancing according to a "2+8+N" rhythm, transitioning from policy-driven to a dual drive of policy and market [4] - The market scale is expected to grow significantly, with projected growth rates of 17.84% and 26.82% for 2025 and 2026 respectively, and the market is anticipated to exceed 2.6 trillion yuan by 2026 [4] Group 4 - The Xinchuang ETF fund (562030) and its linked funds are designed to passively track the CSI Xinchuang Index, which covers key segments of the Xinchuang industry chain, including hardware, software, application software, and information security [6] - The investment logic for the Xinchuang industry includes international geopolitical disturbances, increased local debt efforts, technological breakthroughs by domestic manufacturers, and the critical timing of procurement standards [6]

9月24日下午消息，今日，罗永浩与周鸿祎深度对谈。周鸿祎表示，"360没有做基座模型"这个观念是不 对的。"我们没有做大参数的通用大模型，因为投入太大了。通用大模型要做至少要投入100亿美金，国 外的这几家巨头过去几年投了差不多4000亿美金，我们没那个财力。" 因此，周鸿祎强调，基座模型还是要有的，360一直保持着对参数在千亿左右规模的模型训练能力。 "做智能体不是有一个deepseek的蒸馏板就够了，还需要有推理模型、编程模型、意图猜测和路由模 型，许多专业模型才能支撑起一个完整的智力底座。"他说。 责任编辑：李昂 周鸿祎解释到，360也不是在做套壳，agent本身并不是大模型的简单套壳，有很多工程化的东西。做到 最后反过来还要倒训基座模型。所以agent需要的基座模型都要自己做。 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司全体股东。 3.分配方案： 本次利润分配以方案实施前的公司总股本6,999,557,879股为基数，每股派发现金红利0.1元（含税），共 计派发现金红利699,955,787.90元（含税）。 （2）对于持有公司股票的合格境外机构投资者（QFII）股东，根据国家税务总局颁布的《关于中国居 民企业向QFII支付股息、红利、利息代扣代缴企业所得税有关问题的通知》（国税函〔2009〕47号）的 规定，按照10%税率统一代扣代缴企业所得税，税后每股实际派发现金0.09元人民币。如相关股东认为 其取得的红利收入需要享受税收协定（安排）待遇的，可按照规定在取得红利后自行向主管税务机关提 出申请。 三、相关日期 1.实施办法 无限售条件流通股的红利委托中国结算上海分公司通过其资金清算系统向股权登记日上海证券交易所收 市后登记在册并在上海证券交易所各 ...

Core Viewpoint - The software service index and related ETFs are experiencing significant growth, driven by advancements in AI and software development capabilities, particularly in large model agents [1][4][5]. Group 1: Software Index Performance - As of September 24, 2025, the CSI Software Service Index increased by 0.98%, with notable gains from companies like iFlytek (4.94%) and 360 (4.12%) [1]. - The software ETF (159852) rose by 0.87%, indicating positive market sentiment [1]. Group 2: ETF Trading and Growth Metrics - The software ETF recorded a turnover rate of 3.63% and a transaction volume of 169 million yuan [3]. - Over the past month, the ETF's average daily trading volume reached 570 million yuan, ranking first among comparable funds [3]. - The ETF's scale grew by 1.637 billion yuan over the last three months, also leading in growth among comparable funds [3]. - In the past week, the ETF's shares increased by 99 million, marking the highest new share issuance among comparable funds [3]. - The ETF saw a net inflow of 222 million yuan recently [3]. - Over the past three years, the ETF's net value has risen by 24.90%, with a maximum monthly return of 39.35% since inception [3]. Group 3: Major Stocks in the Index - As of August 29, 2025, the top ten weighted stocks in the CSI Software Service Index accounted for 62.05% of the total index, with iFlytek, Tonghuashun, and Kingsoft being the most significant contributors [3]. Group 4: AI Model Advancements - The enhancement of large model agent capabilities is expected to break through application bottlenecks in software development, improving understanding of user-specific needs and application scenarios [4]. - AI agents are anticipated to bring commercial value through process automation, data analysis, and precise decision-making, increasing willingness to pay among downstream clients [5]. - In software development, the improved code generation capabilities of AI models are being applied to various stages, with further expansion into creative tasks like requirement analysis and architecture design [5].

Group 1 - The company announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 0.1 yuan per share (tax included) for A-shares [2] - The record date for the dividend is set for September 29, 2025, with the ex-dividend date and payment date both on September 30, 2025 [2]

证券代码：601360 证券简称：三六零 公告编号：2025-044 号 三六零安全科技股份有限公司 2025年半年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利0.1元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/9/29 | － | 2025/9/30 | 2025/9/30 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本6,999,557,879股为基数，每股派发现金红利0.1 元（含税），共计派发现金红利699,955,787.90元（含税）。 三、 相关日期 | 股份类别 ...

9月23日，三六零盘中下跌2.04%，截至09:38，报11.04元/股，成交2.57亿元，换手率0.33%，总市值 772.75亿元。 资金流向方面，主力资金净流出2665.00万元，特大单买入993.12万元，占比3.86%，卖出3170.23万元， 占比12.32%；大单买入3271.07万元，占比12.71%，卖出3758.97万元，占比14.60%。 三六零今年以来股价涨7.71%，近5个交易日跌0.18%，近20日跌5.40%，近60日涨8.55%。 资料显示，三六零安全科技股份有限公司位于北京市朝阳区酒仙桥路6号院2号楼A座，成立日期1992年 6月20日，上市日期2012年1月16日，公司主营业务涉及互联网安全技术的研发、互联网安全产品的设 计、研发、推广,以及基于互联网安全产品的互联网广告及服务、互联网增值服务、智能硬件业务等商 业化服务。主营业务收入构成为：互联网及智能硬件业务92.00%，安全业务6.63%，其他(补充)1.37%。 责任编辑：小浪快报 三六零所属申万行业为：计算机-软件开发-横向通用软件。所属概念板块包括：AIAgent（智能体）、 区块链、金融科技、态势感知、国产软件 ...

Core Viewpoint - Company has developed a general-purpose large model "360智脑1.0" with 100 billion parameters in 2023 and plans to release "360zhinao2-o1.5" in 2025, showcasing strong competitive capabilities in the AI sector [1] Group 1: Model Development and Performance - The "360zhinao2-o1.5" model ranked fourth in the evaluation by SuperCLUE, placing it in the first tier of domestic large models, particularly excelling in mathematical reasoning [1] - The company launched the first domestic "super search intelligent agent" called Nano AI Super Search Intelligent Agent in the first half of 2025, marking a transition to the AI search 3.0 era [1] Group 2: User Engagement and Growth - In August 2025, the company introduced the "multi-agent swarm," elevating Nano AI to an L4 level intelligent system, which has led to a steady increase in user scale due to ongoing technological innovation and product experience optimization [1] - According to the "AI Product List" published in July, the combined monthly web visits for "Nano AI Search" and "Nano AI Intelligent Agent" exceeded 450 million, ranking second and third domestically; the monthly active users for Nano AI surpassed 12 million, placing it in the top 10 [1] Group 3: Future Vision - The company aims to become the safest AI innovator and will continue to explore the AI industry deeply [1]