On October 31, the stock price of 360 Security Technology (601360.SH) surged to its daily limit.

The company released its third-quarter earnings report on October 30, revealing total revenue of 6.068 billion yuan for the first nine months of 2025, an 8.18% year-on-year increase. Net loss attributable to shareholders narrowed to 122 million yuan, compared with a loss of 579 million yuan in the same period last year. In Q3 alone, revenue grew 16.88% year-on-year to 2.241 billion yuan, while net profit attributable to shareholders reached 160 million yuan, reversing a net loss of 238 million yuan in the prior-year period.

Recently, 360 Group has secured multiple major contracts in the artificial intelligence (AI) sector. In October alone, the company’s AI-related projects accumulated over 300 million yuan in orders.

On October 28, 360 Digital Security Technology Group won a 132-million-yuan bid for the first phase of the Wuhan AI Innovation and Application Demonstration Base project. This marks another major contract following the company’s earlier win in Hohhot.

Additionally, on the same day, Suzhou 360 Intelligent Security Technology, as part of a consortium with China Mobile System Integration, secured a 160-million-yuan contract for the Hohhot AI and Digital Security Industry Demonstration Base EPCO project. Earlier, on October 13, Ningbo 360 Technology won a 22.68-million-yuan bid for the Ningbo Digital Security Industry Base project, covering computing resource leasing for AI applications.

Meanwhile, Zhengzhou’s municipal government announced that Zhou Hongyi, founder and chairman of 360 Group, delivered a keynote lecture to local officials on October 30 as part of the city’s "Frontier Knowledge" seminar series. The session aimed to enhance officials’ understanding of AI trends and support Zhengzhou’s smart city development.

Zhou’s presentation, titled "Embracing Intelligent Agents to Drive High-Quality Development and Efficient Governance in Zhengzhou," explored the transformative potential of AI, the evolution of large models and intelligent agents, and the security challenges in AI deployment. He also provided recommendations for Zhengzhou’s smart city initiatives.

An Wei, Secretary of the Zhengzhou Municipal Committee, emphasized the importance of AI and smart city construction in boosting urban competitiveness. He called for accelerated infrastructure development, including networks, storage, computing power, and intelligent agents, to strengthen the city’s digital foundation. An also highlighted the need for innovation-driven growth, talent cultivation, and robust cybersecurity measures to ensure sustainable AI development.

Zhengzhou has been actively promoting AI adoption among its officials. Earlier this year, local leaders participated in a seminar on DeepSeek, reflecting the city’s commitment to advancing digital governance.

(Source: Integrated from Shanghai Securities News, Henan Provincial Government website, Dahe Daily, and public disclosures)