Core Viewpoint - Company 360 (601360.SH) has not yet turned a profit, reporting a net loss of 273 million yuan in Q1 2025 despite a revenue increase to 1.864 billion yuan [1][6]. Financial Performance - In Q1 2025, the company achieved a revenue of 1.864 billion yuan, an increase of 8.39% year-on-year, but the net loss attributable to shareholders was 273 million yuan, representing a year-on-year increase in loss of 149.16% [1][6]. - From 2022 to 2024, the company has recorded continuous net losses totaling 3.79 billion yuan [2][8]. - The revenue for 2022, 2023, and 2024 was 9.521 billion yuan, 9.055 billion yuan, and 7.948 billion yuan respectively, showing a decline of 12.54%, 4.89%, and 12.23% year-on-year [8]. Business Segments - The company's main business segments include internet advertising and services, smart hardware, internet value-added services, and security and others. In 2024, revenues from these segments were 4.166 billion yuan, 1.014 billion yuan, 1.379 billion yuan, and 1.287 billion yuan respectively [8]. - The internet value-added services segment saw a revenue increase of 25.51%, while the other three segments experienced declines, with smart hardware revenue dropping by 35.44% and security and other revenues decreasing by 27.06% [8]. Research and Development - The company has consistently invested over 3 billion yuan in R&D annually from 2021 to 2024, with R&D expenses accounting for 40% of revenue in 2024 [4][5][14]. - The company is pursuing a dual strategy of "AI + Security" and has launched various AI products and solutions aimed at enhancing digital security and operational efficiency [13][14]. Dividend Policy - Despite ongoing losses, the company has maintained a dividend payout, distributing 700 million yuan in both 2023 and 2024, with a proposal for a similar payout in 2025 [3][15].

Core Insights - The company reported a revenue of 1.864 billion yuan for Q1 2025, representing a year-on-year growth of 8.39% [1] - The net loss for the same period was 273 million yuan, compared to a net loss of 110 million yuan in the previous year [1] Financial Performance - Revenue for Q1 2025: 1.864 billion yuan, up 8.39% year-on-year [1] - Net loss for Q1 2025: 273 million yuan, an increase from a net loss of 110 million yuan in Q1 2024 [1]

三六零（601360）公告，2024年营业收入79.48亿元，同比下降12.23%。归属于上市公司股东的净亏损 10.94亿元，去年同期净亏损4.92亿元。公司2024年度利润分配方案拟定如下：以2024年度利润分配方案 实施时股权登记日的总股本为基数，每10股派发现金红利人民币1元(含税)，不送红股，不以公积金转 增股本。 ...