Core Viewpoint - The company, 360 (601360), has announced its earnings forecast for 2025, projecting a net profit attributable to shareholders of between 213 million to 318 million yuan, a significant recovery from a loss of 1.094 billion yuan in the previous year [3]. Financial Performance - The forecasted net profit for 2025 represents a turnaround from the previous year's loss, indicating a potential growth trajectory for the company [3]. - The expected non-recurring net profit is projected to be between 27 million to 40 million yuan, compared to a loss of 1.181 billion yuan in the prior year [3]. - The company's current price-to-earnings ratio (TTM) is approximately between 267.22 and 398.94 times, with a price-to-book ratio (LF) of about 2.9 times and a price-to-sales ratio (TTM) of around 10.11 times [3]. Business Operations - The main business activities of the company include providing internet advertising and services, smart hardware, internet value-added services, and security services [14]. - The change in performance is attributed to the increase in investment income from long-term equity investments accounted for using the equity method, based on data provided by investee companies for the 2025 earnings forecast [14]. Historical Financial Trends - Historical data shows a significant fluctuation in net profit and non-recurring net profit over the years, with the company experiencing substantial losses in previous years [15]. - The projected growth rates for net profit and non-recurring net profit for 2025 indicate a recovery trend, with net profit expected to grow significantly compared to previous years [15].

Core Viewpoint - The company, 360 (601360.SH), expects to achieve a net profit attributable to shareholders of approximately 213 million to 318 million yuan for the fiscal year 2025, with a net profit excluding non-recurring gains and losses estimated at around 27 million to 40 million yuan [1]. Group 1 - The primary reason for the expected profit is the increase in investment income from long-term equity investments accounted for using the equity method, based on the net profit or loss of the investee companies [1]. - The company anticipates that the investment income from long-term equity investments will rise due to data provided by the investee companies for the 2025 annual performance forecast [1].

Core Insights - The AI comic drama industry is experiencing rapid growth with an annual increase of 80%, and the market size is projected to exceed 200 billion by 2025 [7] - Despite the growth, the industry faces significant challenges, including low success rates in content generation, which average only 15%, leading to inefficiencies and waste [8] - 360 has launched the "Nano Comic Drama Production Line," aiming to streamline the production process and improve efficiency, achieving a material generation success rate of over 90% [3][12] Industry Challenges - Traditional AI tools suffer from issues such as "black box generation, quality control failures, and content homogenization," which hinder innovation and sustainable development in the industry [8] - The current production methods struggle to balance high output with quality, often resulting in either low-quality products or time-consuming processes [10] 360's Solution - The "Nano Comic Drama Production Line" integrates script analysis, asset generation, storyboard creation, and dynamic composition into a unified workflow, enhancing content quality and production capacity [11] - The platform has partnered with leading companies in the film and comic drama sectors to explore new production models based on industrialized processes [11] - The public testing phase of the platform has been launched, allowing users to experience the new production capabilities [13] Production Efficiency - The platform significantly reduces production time, with single episodes being produced in 30 minutes to 1 hour, achieving a speed three times faster than mainstream tools [14] - It employs a dual-mode interaction of "production line advancement + intelligent canvas adjustment" to facilitate the efficient output of high-quality content [14] Creative Control - The platform features a dedicated "video world model" that ensures consistency in style and narrative throughout the production process, allowing creators to focus on storytelling and creativity [14] - It supports film-level storyboard design and dynamic storytelling, ensuring 100% control over the creative process while allowing for unique visual styles [14]

证券代码：601360 证券简称：三六零 公告编号：2026-003 号 三六零安全科技股份有限公司 关于 2026 年度公司及子公司以闲置自有资金 进行委托理财的公告 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： 基本情况 | 投资金额 | 不超过人民币 80 亿元（含本数） | | --- | --- | | 投资种类 | 委托银行、信托、证券、基金、期货、保险资产管理机构、金融资产 | | | 投资公司、私募基金管理人等专业理财机构对公司及子公司闲置自 | | | 有资金进行投资和管理或者购买相关理财产品，包括但不限于结构 | | | 性存款、银行理财产品、券商理财产品、信托产品、资产管理计划以 | | | 及上海证券交易所、深圳证券交易所国债逆回购、债券等风险可控 | | | 的投资品种。 | | 资金来源 | 自有资金 | 已履行的审议程序 经公司第七届董事会第十三次会议审议通过，无需提交公司股东会审议批准。 特别风险提示 公司及子公司拟使用闲置自有资金购买理财产品，并将通过风险控制措施保 障资金安 ...

Group 1 - Yuehongyuan A announced the transfer of 45% equity in Hongxi Mining for 22.37 million yuan, aiming to optimize its business and promote transformation, expecting a positive impact on financial results with an estimated gain of over 22 million yuan [2] - Wanhua Chemical plans to increase capital by 19.086 billion yuan to its wholly-owned subsidiary Wanhua Olefins, consolidating its carbon two industry operations to enhance competitiveness [3] - Huayou Cobalt signed a cooperation framework agreement to build an integrated battery industry chain project in Indonesia, aiming to establish the country as a production base for electric vehicle batteries [4] Group 2 - Gansu Energy reported that the first batch of wind turbines for its 1 million kW green electricity aggregation pilot project has been connected to the grid, contributing to over 10% of the company's expected installed capacity by the end of 2025 [5] - Lingyi Zhizao completed the acquisition of 35% equity in Liminda for 875 million yuan, gaining control over 52.78% of voting rights, making Liminda a subsidiary [6] - Tianqi Lithium's third-phase expansion project for chemical-grade lithium concentrate produced its first batch of qualified products, enhancing raw material supply for its lithium chemical production bases [7] Group 3 - Ecovacs expects a net profit of 1.7 billion to 1.8 billion yuan for 2025, a year-on-year increase of 110.90% to 123.30% due to product upgrades and cost optimization [9] - Cambrian anticipates a turnaround with a net profit of 1.85 billion to 2.15 billion yuan for 2025, a significant increase in revenue driven by operational improvements [10] - China Southern Airlines expects a net profit of 800 million to 1 billion yuan for 2025, recovering from a loss of 1.696 billion yuan in the previous year [11] Group 4 - Shandong Gold forecasts a net profit of 4.6 billion to 4.9 billion yuan for 2025, a year-on-year increase of 56% to 66% due to improved production efficiency and rising gold prices [16] - Perfect World expects a net profit of 720 million to 760 million yuan for 2025, recovering from a loss of 1.288 billion yuan, driven by successful game launches and cost reductions [17] - CICC anticipates a net profit of 8.542 billion to 10.535 billion yuan for 2025, a year-on-year increase of 50% to 85% due to strong performance in investment banking and wealth management [18] Group 5 - *ST Songfa expects a net profit of 2.4 billion to 2.7 billion yuan for 2025, recovering from a loss of 76.64 million yuan, attributed to a major asset restructuring [19] - New Hope predicts a net loss of 1.5 billion to 1.8 billion yuan for 2025, down from a profit of 473.6 million yuan, impacted by fluctuations in the pig market [20] - 360 expects a net profit of 213 million to 318 million yuan for 2025, turning around from a loss, driven by increased investment income from equity method accounting [21]

Group 1 - The company expects to achieve a net profit attributable to shareholders of approximately 213 million to 318 million yuan for the fiscal year 2025, marking a turnaround from a loss in the previous year [1] - The company utilizes the equity method for accounting long-term equity investments in associates, recognizing investment income based on the net profit or loss of the investee [1] - The increase in investment income from long-term equity investments is based on data provided by the investee for the 2025 annual performance forecast [1] Group 2 - The nuclear power construction industry is experiencing a surge in demand, with equipment manufacturers operating at full capacity, with orders extending to 2028 [1] - Employees in the equipment manufacturing sector are working in three shifts, and production lines are operating 24 hours a day to meet the high demand [1]

证券代码：601360 证券简称：三六零 公告编号：2026-001 号 三六零安全科技股份有限公司 关于使用部分闲置募集资金进行现金管理赎回的公告 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。 三六零安全科技股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开 第七届董事会第八次会议及第七届监事会第五次会议，分别审议通过了《关于使 用部分闲置募集资金进行现金管理的议案》，同意公司在不影响募集资金投资项 目建设的前提下，在经董事会批准通过之日起 12 个月内，对额度不超过人民币 10 亿元（含本数）的闲置募集资金适时进行现金管理，保荐机构对此发表了核 查意见。具体内容详见公司于 2025 年 4 月 26 日披露的《关于使用部分闲置募集 资金进行现金管理的公告》（公告编号：2025-020 号）。 2025 年 5 月 22 日，公司将部分闲置募集资金购买招商银行股份有限公司的 两款大额存单产品，合计金额 92,379 万元。具体内容详见公司于 2025 年 5 月 24 日披露的《关于使用部分闲置募集资金 ...

证券代码：601360 证券简称：三六零 公告编号：2026-004 号 三六零安全科技股份有限公司 关于公司及子公司使用部分闲置募集资金 进行现金管理的公告 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： 投资种类：安全性高、流动性好的保本型产品（包括但不限于协定存 款、通知存款、大额存单、结构性存款等） 投资金额：不超过人民币 5 亿元（含本数），该额度自董事会审议通 过之日起 12 个月内，可循环滚动使用。 已履行的审议程序：2026 年 1 月 29 日，公司召开了第七届董事会第 十三次会议，审议通过了《关于公司及子公司使用部分闲置募集资金进行现 金管理的议案》，本事项无需提交公司股东会审议批准。保荐机构对本事项 出具了明确同意的核查意见。 特别风险提示：公司及子公司使用闲置募集资金进行现金管理将选择 期限不超过 12 个月的保本型产品，但金融市场受宏观经济影响较大，可能因 政策变化、市场波动、不可抗力及意外事件等因素的影响，导致一定的投资 风险。 一、投资情况概述 （一）投资目的 为进一步提高资金使用 ...

证券代码：601360 证券简称：三六零 公告编号：2026-003 号 三六零安全科技股份有限公司 关于 2026 年度公司及子公司以闲置自有资金 进行委托理财的公告 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： 基本情况 | 投资金额 | 不超过人民币 80 亿元（含本数） | | --- | --- | | 投资种类 | 委托银行、信托、证券、基金、期货、保险资产管理机构、金融资 | | | 产投资公司、私募基金管理人等专业理财机构对公司及子公司闲置 | | | 自有资金进行投资和管理或者购买相关理财产品，包括但不限于结 | | | 构性存款、银行理财产品、券商理财产品、信托产品、资产管理计 | | | 划以及上海证券交易所、深圳证券交易所国债逆回购、债券等风险 | | | 可控的投资品种。 | | 资金来源 自有资金 | | 已履行的审议程序 经公司第七届董事会第十三次会议审议通过，无需提交公司股东会审议批准。 特别风险提示 公司及子公司拟使用闲置自有资金购买理财产品，并将通过风险控制措施保 障资金安 ...

证券代码：601360 证券简称：三六零 公告编号：2026-002号 三六零安全科技股份有限公司 第七届董事会第十三次会议决议公告 董事会同意公司及子公司以闲置自有资金不超过人民币 80 亿元进行委托理 财，授权期限为自公司本次董事会审议通过之日起 12 个月。 具体内容详见同日登载于上海证券交易所网站（www.sse.com.cn）的《关于 2026 年度公司及子公司以闲置自有资金进行委托理财的公告》（公告编号： 2026-003 号）。 二、《关于公司及子公司使用部分闲置募集资金进行现金管理的议案》 表决结果：同意 5 票，反对 0 票，弃权 0 票。 董事会同意公司及子公司在确保不影响募集资金投资项目建设、募集资金使 用和正常生产经营的前提下，对额度不超过人民币 5 亿元（含本数）的闲置募集 资金适时进行现金管理。额度自董事会审议通过之日起 12 个月内有效。 具体内容详见同日登载于上海证券交易所网站（www.sse.com.cn）的《关于 公司及子公司使用部分闲置募集资金进行现金管理的公告》（公告编号：2026-004 号）。 1 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 ...