360 Security Technology (601360) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 reached RMB 6,067.96 million, up 8.18% year-over-year.

• Net loss attributable to shareholders was RMB 122.24 million, narrowing from a loss of RMB 578.90 million in the same period last year.

• Gross margin improved as gross profit increased with revenue growth.

Financial highlights

• Q3 revenue was RMB 2,240.81 million, a 16.88% increase compared to the same quarter last year.

• Net loss for the first nine months was RMB 131.10 million, compared to a loss of RMB 590.75 million year-over-year.

• Basic and diluted EPS for the first nine months were both -0.02, compared to -0.08 last year.

• Operating cash flow for the first nine months was negative RMB 337.67 million, a larger outflow than the previous year.

Outlook and guidance

• Profitability improved due to increased investment income from associates and joint ventures, and higher gross profit from revenue growth.