2018 年年度报告 公司代码：601360 公司简称：三六零 三六零安全科技股份有限公司 2018 年年度报告 1 / 220 2018 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 德勤华永会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人周鸿祎、主管会计工作负责人张矛及会计机构负责人（会计主管人员）张海龙声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经公司第五届董事会第十次会议审议，公司 2018 年度利润分配方案拟定如下：以本次 权益分派股权登记日总股本 6,764,055,167 股为基数，向全体股东每 10 股派发现金股利人 民币 0.53 元（含税），共计分配现金股利人民币 358,494,923.85 元，剩余未分配利润结转 下一年度。上述利润分配方案已由公司独立董事发表独立意见，尚需提交股东大会审议通过。 六、 前瞻性 ...

Financial Performance - Operating revenue for the first nine months reached CNY 9,448,967 thousand, an increase of 11.77% year-on-year[5] - Net profit attributable to shareholders increased by 7.93% to CNY 2,515,821 thousand compared to the same period last year[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses rose by 25.37% to CNY 2,364,258 thousand[5] - Basic and diluted earnings per share were both CNY 0.38, up 5.56% from the previous year[5] - The company reported a net profit margin improvement, with net profit for the first nine months showing a positive trend compared to the previous year, although specific figures were not disclosed[29] - The company reported a net profit of CNY 2,507,268 thousand for the first nine months of 2018, an increase from CNY 2,384,341 thousand in the previous year, representing a growth of 5.2%[30] - Net profit attributable to the parent company for Q3 2018 was CNY 978,807 thousand, up from CNY 920,199 thousand in the same period last year, reflecting a year-on-year increase of 6.3%[30] - Total comprehensive income for Q3 2018 reached CNY 1,037,238 thousand, compared to CNY 900,470 thousand in Q3 2017, marking a growth of 15.2%[31] Assets and Liabilities - Total assets increased by 22.62% to CNY 25,811,932 thousand compared to the end of the previous year[5] - Net assets attributable to shareholders increased by 29.05% to CNY 20,710,629 thousand compared to the end of the previous year[5] - The company’s total current assets reached RMB 17,604,132 thousand, up from RMB 13,304,783 thousand, reflecting a strong liquidity position[20] - Total liabilities rose slightly to CNY 4,787,307 thousand from CNY 4,734,231 thousand, reflecting a marginal increase of around 1%[23] - Owner's equity increased significantly to CNY 21,024,625 thousand from CNY 16,315,375 thousand, marking an increase of approximately 29%[23] - Non-current assets totaled CNY 8,207,800 thousand, up from CNY 7,744,823 thousand, indicating an increase of about 6%[22] - The total number of shareholders reached 70,508 at the end of the reporting period[11] Cash Flow - The company reported a net cash flow from operating activities of CNY 2,530,005 thousand, an increase of 1.53% year-on-year[5] - The company reported a net cash flow from operating activities of RMB 2,530 million during the period[19] - Cash inflow from investment activities totaled ¥6,957,269 thousand, compared to ¥18,886,613 thousand in the previous year, indicating a significant decrease[39] - Cash outflow from investment activities was ¥10,199,338 thousand, up from ¥7,969,882 thousand in the same period last year, reflecting increased investment expenditures[39] - The net cash flow from financing activities was negative at ¥246,677 thousand, compared to a much larger negative cash flow of ¥11,981,436 thousand in the previous year[39] - Cash flow from financing activities decreased to $20,748 million from $51,634 million year-over-year[42] - The net increase in cash and cash equivalents was $(179,718) million, a significant decline from an increase of $43,957 million in the previous year[42] Investment and Expenses - Research and development expenses for the first nine months totaled CNY 1,739,382 thousand, down from CNY 1,802,402 thousand, indicating a decrease of about 3%[29] - Investment income for the first nine months was CNY 269,817 thousand, compared to CNY 349,627 thousand in the previous year, showing a decline of approximately 23%[29] - The company incurred research and development expenses of CNY 27,779 thousand in Q3 2018, compared to CNY 8,189 thousand in Q3 2017, indicating a significant increase in R&D investment[34] - Operating costs for the same period were CNY 6,700,514 thousand, compared to CNY 6,048,813 thousand, reflecting an increase of approximately 11%[29] - Financial expenses increased significantly by 657.74% to RMB (236,808) thousand, mainly due to higher interest on term deposits[17] - Other income rose by 516.81% to RMB 24,031 thousand, driven by an increase in government subsidies[17] Shareholder Information - The largest shareholder, Tianjin Qixin Zhicheng Technology Co., Ltd., held 48.74% of the shares, with a total of 3,296,744,163 shares pledged[11] - The company’s basic earnings per share for the reporting period were not disclosed in the provided data[35]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2018, representing a year-on-year growth of 20%[1]. - The company's operating revenue for the first half of 2018 was CNY 6,025,111 thousand, representing a 13.95% increase compared to CNY 5,287,666 thousand in the same period of 2017[20]. - The net profit attributable to shareholders for the first half of 2018 was CNY 1,537,014 thousand, an increase of 8.95% from CNY 1,410,761 thousand in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 1,390,289 thousand, showing a significant increase of 39.70% compared to CNY 995,222 thousand in the same period last year[20]. - The net cash flow from operating activities reached CNY 2,132,527 thousand, which is a 47.27% increase from CNY 1,448,025 thousand in the previous year[20]. - The total assets at the end of the reporting period were CNY 24,369,282 thousand, reflecting a 15.77% increase from CNY 21,049,606 thousand at the end of the previous year[20]. - The net assets attributable to shareholders increased to CNY 19,330,285 thousand, marking a 20.45% rise from CNY 16,047,980 thousand at the end of the previous year[20]. - Basic earnings per share for the first half of 2018 were CNY 0.23, up 4.55% from CNY 0.22 in the same period of 2017[21]. - The weighted average return on equity decreased to 8.55%, down 3.87 percentage points from 12.42% in the previous year[21]. - The company reported a total non-recurring profit and loss of 146,725, with government subsidies contributing 30,064[24]. Market Expansion and User Growth - User data showed a total of 500 million active users across various platforms, with a 15% increase compared to the previous year[1]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in user acquisition in that region by the end of 2018[1]. - As of June 2018, China's internet user base reached 802 million, with a penetration rate of 57.7%, indicating a growing market for the company's services[41]. - The user base has significantly expanded due to the free provision of internet security products, enhancing user engagement and brand value[28]. - The average monthly active users for PC security products reached 512 million, with a market penetration rate of 96.54%[58]. - The average monthly active users for mobile security products reached 432 million[58]. Product Development and Innovation - New product launches included an upgraded version of their cloud security service, expected to increase market share by 10%[1]. - The company launched various core security products, including 360 Security Guard and 360 Antivirus, which are well-received by users and have established the "360" brand as a leader in network security[35]. - The company has developed IoT security products such as smart cameras and smart driving recorders, positioning itself as a leader in the emerging IoT security market[36]. - The company launched the "Security Brain," a distributed intelligent security system, to enhance national and personal cybersecurity[55]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[101]. - R&D expenditure exceeded 1.1 billion yuan, supporting the development of advanced cybersecurity technologies[57]. Financial Management and Shareholder Returns - The company plans to distribute profits to shareholders, with a proposed dividend payout ratio of 30% of net profits for the first half of 2018[1]. - The management emphasized the importance of maintaining shareholder value and committed to returning $300 million to shareholders through dividends and buybacks[101]. - The company will not distribute profits or increase capital reserves in the first half of 2018[94]. - The company committed to maintaining its independence and not interfering in management activities[106]. - The company guarantees that it will not seek or accept preferential treatment in market transactions compared to third parties[98]. Risks and Challenges - The company faces risks related to rapid advancements in internet technology, which could impact its business development if not addressed[85]. - There is a risk of technology leakage, which could undermine the company's competitive advantage in internet security technology[86]. - The gaming business is a major revenue source, but it is subject to fluctuations due to regulatory changes and market dynamics[87]. - The company is at risk of losing its competitive edge if it fails to adapt to changing user demands and business models in the internet sector[87]. - The internet industry is experiencing intensified competition, which may negatively impact the company's future revenue and profitability if it fails to maintain its competitive edge[88]. Corporate Governance and Compliance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no misleading statements or omissions[1]. - The company committed to maintaining the independence of its personnel and financial management systems, ensuring no overlap with related parties[96]. - The company guarantees that it will not interfere with major decisions regarding asset integrity made by the shareholders' meeting or board of directors[96]. - The company has committed to providing supplementary promises in accordance with the latest regulations from the China Securities Regulatory Commission if necessary[108]. - The company has not reported any significant penalties or corrective actions against its directors, supervisors, or senior management during the reporting period[114]. Asset Restructuring and Acquisitions - The company completed a significant asset restructuring in February 2018, which affected the financial reporting structure[21]. - The company issued 6,366,872,724 shares to acquire 100% of 360 Technology Co., with the share price set at RMB 7.89 per share[182]. - The company’s major asset restructuring resulted in the new controlling shareholder being Tianjin Qixin Zhicheng Technology Co., Ltd., with Zhou Hongyi as the actual controller since February 26, 2018[139]. - The company has completed the necessary business registration changes following the asset restructuring[79]. - The company reported total assets of 5,165,983 thousand yuan and net assets of 3,348,152 thousand yuan[83]. Legal Matters and Litigation - The company is involved in significant litigation, with a claim amounting to RMB 1,015,875,000 related to a breach of contract regarding the game "Firefall"[112]. - Another arbitration case involves a claim of RMB 2,230,971,014.50 for losses due to non-fulfillment of obligations under a joint venture agreement[112]. - The company reported no major lawsuits or arbitration matters that could significantly impact its financial status and ongoing operations[113]. Financial Reporting and Accounting - The company’s consolidated financial statements were approved by the board on August 27, 2018[187]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations[193]. - The company follows the accounting standards issued by the Ministry of Finance and has specific accounting policies for bad debt provisions and revenue recognition[194]. - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[175].

Financial Performance - Operating revenue for the quarter was CNY 2,751,992,000, reflecting a 12.86% increase from the same period last year[6] - Net profit attributable to shareholders decreased by 27.57% to CNY 477,945,000 compared to the previous year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 42.34% to CNY 463,346,000 year-over-year[6] - Basic and diluted earnings per share decreased by 30.00% to CNY 0.07[6] - Net profit for Q1 2018 was CNY 481,868 thousand, a decrease of 27.3% from CNY 662,763 thousand in Q1 2017[31] - Operating revenue for Q1 2018 was RMB 148,896 thousand, a decrease of 65.5% compared to RMB 431,684 thousand in the same period last year[33] - Net profit for Q1 2018 reached RMB 334,555 thousand, significantly up from RMB 16,113 thousand in Q1 2017, representing an increase of 1,974.5%[34] Assets and Liabilities - Total assets increased by 8.64% to CNY 22,868,107,000 compared to the end of the previous year[6] - Total assets as of March 31, 2018, amounted to CNY 52,107,555 thousand, compared to CNY 2,270,666 thousand at the beginning of the year[29] - Total liabilities as of March 31, 2018, were CNY 130,101 thousand, down from CNY 863,487 thousand at the beginning of the year[29] - The company’s total non-current liabilities decreased from CNY 365,139 thousand to CNY 230,445 thousand[28] - The company’s total equity attributable to shareholders increased from CNY 16,047,980 thousand to CNY 18,110,861 thousand year-over-year[28] Cash Flow - The company reported a net cash flow from operating activities of CNY 885,618,000, up 7.37% from the previous year[6] - Cash inflow from operating activities totaled RMB 4,019,177 thousand, compared to RMB 3,335,929 thousand in the same period last year, marking a growth of 20.5%[36] - Cash flow from investment activities turned negative at (1,630,884) thousand yuan, a decrease of 119.95% compared to the previous period[17] - The net cash flow from investing activities for Q1 2018 was RMB (1,630,884) thousand, a decrease from RMB 8,176,782 thousand in the same period last year[38] - The company reported a net increase in cash and cash equivalents of RMB (924,352) thousand for Q1 2018, compared to an increase of RMB 4,347,940 thousand in the previous year[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 88,052[12] - The largest shareholder, Tianjin Qixin Zhicheng Technology Co., Ltd., held 48.74% of the shares, with 3,296,744,163 shares pledged[12] Expenses - Sales expenses rose by 33.38% to 570,647 thousand yuan mainly due to increased marketing costs for wireless products[16] - Financial expenses decreased significantly by 680.39% to (67,778) thousand yuan, attributed to increased interest from time deposits[16] - Other income surged by 3357.07% to 14,174 thousand yuan, primarily due to increased government subsidies[16] - The total operating expenses for Q1 2018 were RMB 307,864 thousand, which is a decrease of 36.5% from RMB 486,997 thousand in Q1 2017[34] - The company reported a significant increase in management expenses to RMB 147,653 thousand, up from RMB 32,354 thousand in the previous year, reflecting a rise of 356.5%[34] Investment Activities - The company completed a major asset restructuring, exchanging assets with 360 Technology, resulting in a new total share capital of 6,764,055,167 shares[18] - Cash outflows for the acquisition of fixed assets, intangible assets, and other long-term assets amounted to 14,243 thousand[40] - The cash flow from investment activities was significantly impacted by the high outflow related to other investment activities[40]