360 Security Technology (SH:601360) Sou Hu Cai Jing·2025-12-16 11:07Core Viewpoint - The company faces serious allegations of financial misconduct from a former executive, which has led to a significant drop in its stock price and increased investor concern [1][11]. Group 1: Allegations and Company Response - Former senior vice president Yu Hong accused the company of "faking accounts worth tens of billions" [1][4]. - The company's securities department denied the allegations of financial fraud, stating that the matter is under investigation but did not provide a timeline for the investigation's conclusion [2][11]. - The chairman, Zhou Hongyi, has not publicly responded to the allegations, and the company's public relations team is still trying to understand the situation [4][11]. Group 2: Impact on Stock Price and Investor Sentiment - Following the allegations, the company's stock price fell by 5.07%, closing at 10.86 yuan after reaching a low of 10.83 yuan during the trading day [12]. - Investor sentiment has turned negative, with many expressing concerns about potential delisting risks and demanding a formal clarification from the company to address the growing trust crisis [11][12]. - The trading volume for the day was 193 million shares, with a total transaction value of 2.137 billion yuan, indicating heightened trading activity amid the controversy [12].