Summary of Key Points Core Viewpoint - The announcement details a guarantee provided by a wholly-owned subsidiary of the company, aimed at supporting the operational financing needs of another wholly-owned subsidiary, with a total guarantee amount of RMB 200 million [1][4]. Group 1: Guarantee Overview - The guaranteed party is 360 Technology Group Co., Ltd., a wholly-owned subsidiary of the company and not a related party [1]. - The guarantee amount is RMB 200 million, which is provided by Tianjin 360 Anfu Technology Co., Ltd. for a bank loan application by 360 Technology [1][3]. - As of the announcement date, the total guarantee balance provided to 360 Technology, including this guarantee, is RMB 200 million, with no counter-guarantee involved [1][3]. Group 2: Decision-Making Process - The company held board meetings on April 24, 2025, and May 2025, to approve a total bank credit limit of up to RMB 21 billion for the year 2025, including a maximum of RMB 5 billion for guarantees among wholly-owned subsidiaries [2]. - The current guarantee of RMB 200 million falls within the previously approved limits and does not require additional approval [2]. Group 3: Financial Data of the Guaranteed Party - As of March 31, 2025, 360 Technology reported total assets of RMB 28.78 billion and total liabilities of RMB 13.65 billion, resulting in net assets of RMB 15.13 billion [3]. - For the first quarter of 2025, the company reported revenue of RMB 495.57 million and a net profit of RMB 113.39 million [3]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the operational needs of 360 Technology, with the company maintaining control over its subsidiaries, thus ensuring manageable risk [4]. - The guarantee is within the approved limits set by the board and does not harm the interests of the company or minority shareholders [4].

Group 1 - The strategic cooperation agreement between the Guangxi Zhuang Autonomous Region government and 360 Group focuses on artificial intelligence and digital security industries, aiming to develop a series of strategic collaborations targeting Guangxi and ASEAN [2] - Key areas of the agreement include the establishment of 360 Group's ASEAN headquarters, the creation of an "AI + digital security" industry ecosystem, and the promotion of mature applications like nano AI search and secure cloud services [2] - The partnership will explore "AI + infrastructure" research, enhance regional digital economy through smart port scenarios, and establish a talent cultivation system through research institutes and academies [2][3] Group 2 - 360 Group's founder emphasized Guangxi's role as a frontier for China's cooperation with ASEAN, highlighting the rich application scenarios for artificial intelligence and the broad cooperation potential [3] - The company plans to leverage the cooperation agreement to enhance investments in AI security and industry development in Guangxi, accelerating the construction of the ASEAN headquarters and AI application and security research institutes [3] - 360 Group aims to participate in the establishment of the China-ASEAN AI Innovation Cooperation Center and the China-ASEAN AI Security Demonstration Center, focusing on creating exemplary projects in education, healthcare, and tourism [3]

Core Insights - ISC.AI 2025 Internet Security Conference is set to launch on April 30, 2025, focusing on the intersection of AI and security as global model technology scales to a trillion parameters, highlighting the exponential growth of security vulnerabilities in AI systems [1] - The conference aims to create a collaborative innovation network among government, industry, academia, and research to enhance the value of large model industries and digital security [1] Group 1: Conference Structure - The conference will feature five major segments, covering the entire value chain from cutting-edge technology to industry implementation, and from academic research to ecosystem building [2] - An opening ceremony will invite global experts to discuss security governance and the development direction of large model applications and digital security [2] - Dual summits on AI and security will explore the latest technologies and industry applications, providing immersive experiences for attendees [2] Group 2: Innovation and Education - An innovation competition, the Unicorn Sandbox Contest, will focus on AI applications, digital security, and nurturing new talent in the digital age [3] - A practical training camp will offer courses aimed at enhancing industry knowledge and practical skills for students and professionals [3] Group 3: Exhibition and Engagement - An ecological exhibition area will include an AI Future Experience Hall and a Digital Security Ecological Exhibition, showcasing the latest innovations and solutions from numerous companies [4] - The conference will recruit global topics from April 30 to June 20, inviting contributions from enterprises, universities, and tech enthusiasts in the AI and digital security fields [5] Group 4: Topic Directions - AI topic directions include large model security technologies, multi-modal applications, and AI talent cultivation [6] - Digital security topics will cover applications of security models, automated security operations, and innovations in security for small and medium enterprises [7] Group 5: Participation Opportunities - The conference encourages global innovators to submit groundbreaking and practical topics, with selected participants receiving speaking opportunities and exposure through ISC's media channels [8]

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。 ...