360 Security Technology (601360) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 1,863.8 million, up 8.39% year-over-year.

• Net loss attributable to shareholders was RMB 273.2 million, widening from RMB 109.6 million loss last year.

• Basic and diluted EPS both at -0.04, compared to -0.02 in Q1 2024.

• Cash flow from operations was negative RMB 479.8 million, down from negative RMB 191.4 million year-over-year.

• Losses mainly driven by increased selling expenses and reduced business cash flow.

Financial highlights

• Operating income: RMB 1,863.8 million, up 8.39% year-over-year.

• Net loss: RMB 273.2 million, compared to RMB 109.6 million loss last year.

• Gross margin and EBIT not explicitly disclosed.

• Cash and cash equivalents at period end: RMB 11,140.2 million.

• Total assets: RMB 37,846.96 million, down 1.07% from year-end 2024.

Outlook and guidance

• No explicit forward-looking guidance or outlook provided for upcoming quarters.