360 Security Technology (SH:601360) Xin Lang Cai Jing·2025-12-17 04:47Core Viewpoint - Allegations of financial fraud against 360 (601360) and its founder Zhou Hongyi have emerged, leading to a 5.07% drop in the company's stock price on December 16. The company has issued a statement denying these claims and intends to pursue legal action against the accuser [1][9]. Group 1: Allegations and Market Reaction - A screenshot circulated on social media where a user named "Yuhong" accused Zhou Hongyi of orchestrating financial fraud amounting to at least tens of billions [1]. - Following the allegations, 360's stock price fell by 5.07% by the close of trading on December 16 [1]. Group 2: Company Response - 360 released a clarification statement asserting that the allegations are false and that they will take legal measures to protect the company's reputation and the interests of investors [8][12]. - The company emphasized that the individual making the allegations, Yuhong, has a history of making defamatory statements against Zhou Hongyi and other entrepreneurs [9]. Group 3: Background Information - The accused individual, Yuhong, was previously the head of GameWave, a company acquired by 360's former U.S. listed entity, Qihoo 360 Technology Co. Ltd. [10]. - Yuhong worked at Qihoo 360 from 2014 to 2015 but never held a core management position in the A-share listed company [10]. - Since its restructuring and listing, GameWave has reported an average annual revenue of approximately 0.2 million, which constitutes about 0.2% of the company's average revenue during the same period, confirming compliance with accounting standards and denying any financial fraud [7][12].