360 Security Technology (601360) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 4.17 billion, up 9.01% year-over-year; net profit attributable to shareholders was RMB 216 million, reversing a loss in the prior year.

• Operating profit improved to RMB 290 million from a loss of RMB 203 million in H1 2025.

• The company maintained high R&D investment at RMB 1.58 billion, representing 37.81% of revenue.

• Proposed interim dividend: RMB 0.5 per 10 shares, subject to shareholder approval.

Financial highlights

• Gross margin improved as cost controls and product upgrades drove efficiency.

• Operating cash flow remained negative at RMB -57 million, but improved from the prior year.

• Total assets at June 30, 2026: RMB 36.5 billion; net assets: RMB 28.25 billion.

• Basic and diluted EPS were RMB 0.03, compared to RMB -0.04 in H1 2025.

• Non-recurring gains (mainly government grants and investment returns) contributed RMB 62 million to net profit.

Outlook and guidance

• Management expects continued growth in AI and digital security markets, supported by favorable national policies and rising enterprise demand.

• The company will continue to invest in R&D and AI-driven product upgrades to maintain competitiveness.