FilingReader Intelligence

360 Security completes projects, shifts investment for AI and security

April 28, 2025 at 07:13 AM UTCBy FilingReader AI

** 360 Security Technology (SSE:601360) announced the completion of its "360 New Generation Artificial Intelligence Innovation R&D Center Project" and "360 Big Data Center Construction Project." Resulting from the projects' completion, the company is allocating CNY 85.97 million of surplus funds to permanently supplement its working capital, enhancing financial flexibility. Additionally, 360 Security is re-aligning internal investments within the "360 Network Space Security R&D Center Project," without altering the overall investment or capital allocation for the project, to better leverage existing resources and boost efficiency in core security research. These decisions follow shareholder approval and align with the company's strategy to enhance both its AI and digital security capabilities, solidifying its position in the industry while adhering to regulatory guidelines.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Supplementary Source Documents

Deloitte Touche Tohmatsu Certified Public Accountants LLP's special statement on the capital occupation of the controlling shareholder, actual controller and other related parties of Qihoo 360 Technology Co., Ltd. in 2024April 25, 2025 at 01:20 PM UTC
360 Technology Co., Ltd. 2024 Financial Statements and Audit ReportApril 25, 2025 at 01:20 PM UTC
360 Security Technology Co., Ltd. 2024 Annual ReportApril 25, 2025 at 01:20 PM UTC
Summary of 360 Security Technology Co., Ltd. 2024 Annual ReportApril 25, 2025 at 01:20 PM UTC
Special report on the deposit and actual use of raised funds of 360 Security Technology Co., Ltd. in 2024April 25, 2025 at 01:20 PM UTC
Deloitte Touche Tohmatsu Certified Public Accountants LLP's special report and verification report on the deposit and actual use of raised funds of 360 Technology Co., Ltd. in 2024April 25, 2025 at 01:20 PM UTC
Deloitte Touche Tohmatsu Certified Public Accountants LLP's special statement on the deduction of operating income of 360 Technology Co., Ltd. in 2024April 25, 2025 at 01:20 PM UTC
360 Security Technology Co., Ltd.'s Announcement on the Progress of Establishing a Venture Capital Fund by a Wholly-Owned SubsidiaryApril 25, 2025 at 01:20 PM UTC
360 Security Technology Co., Ltd. 2025 First Quarter ReportApril 25, 2025 at 01:20 PM UTC
Announcement of 360 Technology Co., Ltd. on the Provision for Asset Impairment in 2024April 25, 2025 at 01:20 PM UTC
Announcement of 360 Technology Co., Ltd.'s 2024 Profit Distribution PlanApril 25, 2025 at 01:20 PM UTC
Deloitte Touche Tohmatsu Certified Public Accountants LLP's 2024 Internal Control Audit Report on 360 Technology Co., Ltd.April 25, 2025 at 01:20 PM UTC
360 Technology Co., Ltd. 2024 Internal Control Evaluation ReportApril 25, 2025 at 01:20 PM UTC
Huatai United Securities Co., Ltd.'s special verification report on the deposit and use of raised funds of 360 Security Technology Co., Ltd. in 2024April 25, 2025 at 01:20 PM UTC

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