360 (601360.SH) reported first-half results, net loss of 341 million yuan and R&D expenses of 1,515 million yuan

According to Zhitong Finance App, 360 (601360.SH) released its 2024 semi-annual report. During the reporting period, the company achieved operating income of 3,692 million yuan, a year-on-year decrease of 18.02%; net loss attributable to shareholders of listed companies of 341 million yuan; net loss attributable to shareholders of listed companies deducted 516 million yuan in non-recurring profit and loss; and a basic loss of 0.05 yuan/share per share.

As of June 30, the “360 AI Conference Member” has accumulated more than 150,000 transit users since its official release on April 18, with a single daily revenue of over 100,000 yuan. Subsequently, 360AI members will continue to expand new products and benefits to create a membership system with the largest number of PC paying users, the widest coverage of benefits, and the most cost-effective.

The company gives full play to its advantages in technology accumulation, insists on serving the country with science and technology, and maintains a high investment in R&D around the two main lines of “AI and security”. During the reporting period, the company's R&D expenses were 1,515 billion yuan, accounting for 41.05% of revenue. The company focuses on cutting-edge technology and AI security issues to ensure that the development of domestic big models is “autonomous and controllable”; at the same time, it deeply integrates the company's security and AI capabilities to defend the country's cybersecurity with the digital security “China Plan” and act as a protector of cyber powers.