Loading…
Internet-security and browser company (Qihoo 360), also operating search and, historically, mobile gaming/advertising businesses.
Internet-security and browser company (Qihoo 360), also operating search and, historically, mobile gaming/advertising businesses.
Gives its security software away free to build a user base, then earns mostly from advertising shown in its search engine and browser, plus fees for internet services, with enterprise security a smaller line. It returned to China's domestic market in 2018 by taking over a Shanghai-listed shell company. Founder Zhou Hongyi controls it.
In one line: China's McAfee/Norton, with a search-engine arm like Bing.
Moat: narrow (installed base, brand, network effects). Long-standing free security-software installed base feeds browser, search and advertising monetisation.
Headquarters: Beijing, China · Founded: 2005 · Employees: 5,273
Size 360 Security Technology (601360.SS) is a China Information Technology company (Packaged Software) with a market value of $8.63B, the 285th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.22 on 6 Nov 2026.
Performance Over six months the shares fell 26.4%, against +10.1% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 6.6% over the last twelve months (peer median +21.1%); the operating margin is -4.5% (peer median 6.7%).
Valuation It trades at 172.6× forward earnings against a peer median of 38.8× (2nd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 55% a year for seven years (Req g). Recent delivered growth is -6%, so the hurdle is +61 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.5 points below its cost of capital (8.8% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.95B | CN¥8.64B | CN¥7.90B | CN¥8.99B | CN¥9.46B |
| Revenue growth | — | +9% | -12% | -5% | — |
| Gross profit | CN¥6.29B | CN¥5.30B | CN¥4.76B | CN¥5.09B | CN¥5.24B |
| EBITDA | n/a | -CN¥120M | -CN¥219M | CN¥136M | -CN¥367M |
| Net income | CN¥709M | CN¥263M | -CN¥1.09B | -CN¥492M | -CN¥2.20B |
| Free cash flow | CN¥1.05B | CN¥443M | CN¥152M | CN¥1.12B | CN¥735M |
| Capital expenditure | CN¥287M | CN¥489M | CN¥759M | CN¥501M | CN¥454M |
| Total debt | CN¥1.66B | CN¥1.27B | CN¥1.30B | CN¥1.52B | CN¥348M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| 360 Security Technology 601360.SS | $8.63B | -26% | +7% | -4% | 172.6× | 55.2% |
| Sangfor Technologies 300454.SZ | $7.84B | +5% | +21% | 2% | 71.4× | 46.1% |
| Tencent 0700.HK | $482B | -11% | +16% | 32% | 12.5× | 6.4% |
| Bidu-sw 9888.HK | $26.4B | -43% | -1% | 7% | 14.5× | n/a |
| Qi An Xin Technology 688561.SS | $2.61B | -15% | -14% | -45% | n/a | n/a |
| Venustech 002439.SZ | $2.58B | -9% | 0% | -16% | 169.0× | 19.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601360.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.2% | -3.6% | 9th lowest of 21 |
| 6-month return | -26.4% | +10.1% | 4th lowest of 21 |
| Distance from 52-week high | -44.0% | -28.3% | 6th lowest of 21 |
| Revenue growth (TTM) | +6.6% | +21.1% | lowest of 21 |
| Operating margin | -4.5% | 6.7% | 8th lowest of 21 |
| Forward P/E | 172.6× | 38.8× | 2nd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 55.2% | 18.8% | most demanding of 18 |
| Growth delivered (Del g) | -5.7% | +23.1% | lowest of 18 |
| Hurdle (Req g minus delivered) | +60.9 pp | -7.2 pp | most demanding of 18 |
| ROIC minus cost of capital | -7.5 pp | -6.4 pp | 8th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 360 Security Technology 601360.SS | China | $8.63B | -26% | +7% | -4% | 172.6× | 55.2% | -5.7% |
| Netskope NTSK | United States | $8.70B | +83% | +30% | -94% | n/a | n/a | n/a |
| DigitalOcean DOCN | United States | $8.55B | -56% | +28% | 12% | 44.7× | 41.6% | +23.1% |
| CSG Digital Power Grid Research Institute 301638.SZ | China | $8.52B | -37% | +18% | 10% | n/a | 18.0% | +8.2% |
| Nemetschek NEM.DE | Germany | $8.39B | +10% | +13% | 26% | 29.9× | 11.1% | +14.8% |
| Snap SNAP | United States | $8.39B | -18% | +13% | -5% | 32.3× | 2.7% | +18.8% |
| Xero XRO.AX | Australia | $8.36B | -13% | +27% | 13% | 66.7× | 25.9% | +25.3% |
| Paylocity PCTY | United States | $9.03B | +56% | +11% | 22% | 19.0× | 2.3% | +22.8% |
| Elastic ESTC | United States | $9.12B | +65% | +16% | -1% | 24.4× | 13.0% | +23.4% |
| Descartes Systems DSG.TO | Canada | $8.10B | +32% | +12% | 33% | 37.9× | 4.4% | +16.8% |
| Gitlab GTLB | United States | $8.01B | +85% | +23% | -8% | 55.0× | 18.8% | +44.4% |
| Hinge Health HNGE | United States | $9.34B | +107% | +50% | 19% | 39.6× | 34.1% | +49.9% |
| Full Truck Alliance Co. Ltd. Sponsored ADR YMM | United States | $9.35B | +4% | +9% | 34% | 12.8× | -10.9% | +36.0% |
| Oracle Financial Services Software OFSS.NS | India | $9.43B | +8% | +28% | 52% | 22.7× | 22.0% | +9.0% |
| ServiceTitan TTAN | United States | $7.89B | +36% | +23% | -13% | 55.6× | 20.7% | +27.1% |
| Sangfor Technologies 300454.SZ | China | $7.84B | +5% | +21% | 2% | 71.4× | 46.1% | +6.9% |
| Zeta Global ZETA | United States | $7.79B | +81% | +36% | 3% | 28.2× | 49.7% | +28.8% |
| Oracle Corporation Japan 4716.T | Japan | $7.73B | +10% | +10% | 32% | 17.0× | -6.9% | +6.5% |
| Empyrean Technology 301269.SZ | China | $7.70B | +5% | +15% | -10% | 357.4× | n/a | n/a |
| Horizon Robotics 9660.HK | Hong Kong | $7.61B | -48% | +46% | -101% | 159.5× | n/a | n/a |
| SentinelOne S | United States | $7.58B | +31% | +21% | -26% | 54.7× | 53.7% | +60.8% |