360 Security Technology (SH:601360) Sou Hu Cai Jing·2025-12-16 14:29Core Viewpoint - The article discusses allegations made by Yu Hong, a former senior vice president of 360 Group, against the company's founder Zhou Hongyi, claiming financial fraud involving billions. 360 Group has strongly denied these allegations and plans to take legal action against Yu Hong for defamation [2][4][6]. Group 1: Allegations and Responses - Yu Hong accused Zhou Hongyi of financial fraud, claiming he has data to support his allegations and threatened to make it public [2]. - 360 Group responded by stating that Yu Hong's claims are extreme and false, emphasizing their commitment to compliance and transparency in financial operations [4][6]. - The company clarified that Yu Hong had never held a core management position during his tenure and that his statements do not reflect the reality of the company's operations [6]. Group 2: Company Background and Financial Performance - 360 Group is a technology-driven internet company and the largest provider of internet security products and services in China [8]. - The company has faced performance pressure over the past five years, with its gaming business showing a declining trend in revenue [9]. - In 2024, 360 Group reported total revenue of 7.948 billion RMB, a year-on-year decrease of 12.23%, with gaming revenue at 0.893 billion RMB, down 7.07% from the previous year [9].