Group 1 - The core viewpoint of the news is that Sanliu Ling (360 Security Technology Co., Ltd.) has seen a stock price increase of 5.51%, reaching 11.10 CNY per share, with a total market capitalization of 77.695 billion CNY as of the report date [1] - The company, founded on June 20, 1992, and listed on January 16, 2012, specializes in internet security technology research and development, internet security product design, promotion, and commercialization services, including internet advertising and smart hardware [1] - The revenue composition of the company is primarily from internet and smart hardware business (92.00%), followed by security business (6.63%) and other services (1.37%) [1] Group 2 - From the perspective of fund holdings, only one fund under Wan Jia Fund has a significant position in Sanliu Ling, specifically the Wan Jia Zhong Zheng Software Service ETF (560360), which increased its holdings by 119,400 shares in the third quarter, totaling 769,100 shares, representing 4.19% of the fund's net value [2] - The Wan Jia Zhong Zheng Software Service ETF (560360) was established on June 13, 2024, with a current scale of 207 million CNY, and has achieved a year-to-date return of 11.44% [2] - The fund manager, He Fangzhou, has been in position for 1 year and 256 days, with the fund's total asset size at 9.264 billion CNY, achieving the best return of 84.58% and the worst return of -6.76% during his tenure [3]

Group 1 - The core point of the news is that Sanliu Ling (360 Security Technology Co., Ltd.) experienced a stock price increase of 5.1%, reaching 13.59 yuan per share, with a trading volume of 1.906 billion yuan and a turnover rate of 2.10%, resulting in a total market capitalization of 95.124 billion yuan [1] - The company, founded on June 20, 1992, and listed on January 16, 2012, specializes in internet security technology research and development, internet security product design, promotion, and commercialization services, including internet advertising, value-added services, and smart hardware [1] - The revenue composition of the company is as follows: internet and smart hardware business accounts for 92.00%, security business 6.63%, and other supplementary services 1.37% [1] Group 2 - From the perspective of fund holdings, one fund under China Merchants Fund has a significant position in Sanliu Ling, specifically the China Merchants CSI Software ETF (159899), which increased its holdings by 195,500 shares in the third quarter, totaling 1.3267 million shares, representing 3.73% of the fund's net value, making it the seventh-largest holding [2] - The China Merchants CSI Software ETF (159899) was established on June 18, 2021, with a current scale of 402 million yuan, yielding 20.56% this year, ranking 2848 out of 4216 in its category, and 9.14% over the past year, ranking 3155 out of 3922, while experiencing a cumulative loss of 7.14% since inception [2]

Core Viewpoint - The stock price of 360 Security Technology Co., Ltd. has increased by 5.06% on October 31, reaching 11.43 CNY per share, with a total market capitalization of 80.005 billion CNY, marking a cumulative increase of 6.25% over the past nine days [1] Company Overview - 360 Security Technology Co., Ltd. is located in Chaoyang District, Beijing, and was established on June 20, 1992. The company went public on January 16, 2012. Its main business includes the research and development of internet security technology, design, development, and promotion of internet security products, as well as internet advertising and services, internet value-added services, and smart hardware business [1] - The revenue composition of the company is as follows: internet and smart hardware business accounts for 92.00%, security business 6.63%, and other (supplementary) 1.37% [1] Shareholder Analysis - According to data, the Huaxia Fund has a significant stake in 360, with the Huaxia CSI 300 ETF (510330) reducing its holdings by 451,400 shares in Q3, now holding 32.1423 million shares, which is 0.46% of the circulating shares. The estimated floating profit today is approximately 17.6783 million CNY, with a total floating profit of 20.5711 million CNY during the nine-day increase [2] - The Huaxia CSI 300 ETF was established on December 25, 2012, with a current scale of 228.061 billion CNY. Year-to-date returns are 22.6%, ranking 2622 out of 4216 in its category; one-year returns are 24.19%, ranking 2200 out of 3889; and since inception, the return is 151.43% [2] Fund Manager Information - The fund manager of Huaxia CSI 300 ETF is Zhao Zongting, who has been in the position for 8 years and 200 days. The total asset scale of the fund is 355.865 billion CNY, with the best fund return during his tenure being 130.54% and the worst being -32.63% [3] Fund Holdings - The Huaxia Fund also holds a significant position in 360 through the Huaxia CSI Information Technology Application Innovation Industry ETF (562570), which reduced its holdings by 234,470 shares in Q3, now holding 1.6959 million shares, representing 4.34% of the fund's net value. The estimated floating profit today is about 932,700 CNY, with a total floating profit of 1.0854 million CNY during the nine-day increase [4] - The Huaxia CSI Information Technology Application Innovation Industry ETF was established on April 19, 2024, with a current scale of 440 million CNY. Year-to-date returns are 22.84%, ranking 2587 out of 4216; one-year returns are 27.68%, ranking 1846 out of 3889; and since inception, the return is 46.92% [4] Additional Fund Manager Information - The fund manager of Huaxia CSI Information Technology Application Innovation Industry ETF is Si Fan, who has been in the position for 4 years and 119 days. The total asset scale of the fund is 7.494 billion CNY, with the best fund return during his tenure being 76.98% and the worst being -32% [5]

Core Insights - The stock of 360 Security Technology Co., Ltd. (三六零) experienced a slight increase of 0.56% on October 15, with a trading volume of 1.036 billion yuan [1] - The company reported a net financing purchase of 20.08 million yuan on the same day, with a total financing and margin balance of 2.02 billion yuan [1][2] - As of June 30, 2025, the company achieved a revenue of 3.827 billion yuan, reflecting a year-on-year growth of 3.67%, while the net profit attributable to shareholders was -282 million yuan, showing a 17.43% increase compared to the previous year [2] Financing and Margin Data - On October 15, 360 had a financing buy amount of 142 million yuan and a repayment of 122 million yuan, resulting in a net buy of 20.08 million yuan [1] - The total financing balance of 20.15 billion yuan represents 2.66% of the circulating market value, which is above the 70th percentile of the past year [1] - The margin trading data indicates a high level of short selling, with a remaining short position of 432,100 shares and a short balance of 4.684 million yuan, exceeding the 90th percentile of the past year [1] Shareholder and Institutional Holdings - As of June 30, 2025, the number of shareholders decreased to 396,100, while the average circulating shares per person increased by 14.03% to 17,671 shares [2] - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 208 million shares, an increase of 4.87 million shares from the previous period [3] - Other notable institutional shareholders include various ETFs, such as Huatai-PB CSI 300 ETF and E Fund CSI 300 ETF, which have also increased their holdings [3]