Shulou(Shulou.com)11/24 Report--

CTOnews.com October 27 news, 360 Security Technology Co., Ltd. today released the third quarter report of 2022. Revenue in the third quarter was 2.11 billion, down 27.78% from the same period last year; the net loss attributed to shareholders of listed companies was 1.56 billion yuan, and basic earnings per share was 0.28 yuan.

Revenue in the first three quarters was 6.935 billion yuan, down 18.79% from the same period last year; the net loss was 1.964 billion yuan, and the net loss after deducting non-profit was 1.536 billion yuan.

360 said that the year-on-year decline in net profit was mainly due to investment losses to joint ventures and disposal investment losses (mainly due to the sale of opera shares in the participating company).

The report shows that during the reporting period, 360 Security Technology Co., Ltd. had a monetary capital of 21.879 billion and abundant cash flow.

In addition, the 360 board of directors received a written resignation application submitted by Zhang Mao, the head of the company's financial staff, today. Zhang Mao applied to resign as head of the company's treasurer on October 31, 2022 due to personal health reasons, and will no longer hold any position in the company after his resignation, 360 said.

CTOnews.com learned that in September, Qifei, a wholly-owned subsidiary, announced that it planned to buy back its 4675 million shares in the participating company Opera Limited (about 20.3% of its total shares) at a price of $5.50 / ADS for a total transaction price of $129 million. After the completion of this transaction, 360 will no longer hold a stake in Openg browser.

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