Stock Analysis

360 Security Technology Second Quarter 2024 Earnings: CN¥0.028 loss per share (vs CN¥0.005 loss in 2Q 2023)

Simply Wall St

Published September 01, 2024

360 Security Technology (SHSE:601360) Second Quarter 2024 Results

Key Financial Results

Revenue: CN¥1.97b (down 22% from 2Q 2023).
Net loss: CN¥231.6m (loss widened by 420% from 2Q 2023).
CN¥0.028 loss per share (further deteriorated from CN¥0.005 loss in 2Q 2023).

SHSE:601360 Earnings and Revenue Growth September 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

360 Security Technology Earnings Insights

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with 360 Security Technology, and understanding it should be part of your investment process.

Valuation is complex, but we're here to simplify it.

Discover if 360 Security Technology might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.