360 Security Technology Inc.'s half-year performance in the first half of the year has its ups and downs, but overall, the pros outweigh the cons!

On the evening of July 13th, 360 Security Technology Inc. released its 2023 half-year performance forecast, stating that it is expected to have a net loss of 0.23 billion yuan in the first half of the year, a decrease of 42.2% compared to the same period last year.

At the same time, the company's revenue has declined. According to the financial report, 360 Security Technology Inc. achieved a total operating income of 4.57 billion yuan in the first half of the year, a decrease of 5.19% compared to the same period last year. However, compared to the 14.16% year-on-year decline in total operating income in the first half of 2022, the decline in operating income in the first half of 2023 has narrowed.

360 Security Technology Inc. stated that the main reason for the decline in revenue is the continued decline in Internet advertising and service business, which is affected by the downturn in the industry.

Looking only at the second quarter, the situation seems relatively optimistic. According to the financial report, 360 Security Technology Inc. achieved revenue of 2.604 billion yuan in the second quarter, a year-on-year increase of 13.32%, and a net loss of 0.044 billion yuan, a significant decrease of 92.9% year-on-year.

On Wednesday, 360 Security Technology Inc.'s stock price rose slightly by 1.55%. It has risen cumulatively by 75% in the AI wave this year, and its market value has exceeded 84 billion yuan.

In mid-last month, 360 Security Technology Inc. officially released '360 AI Digital Human.' At that time, Zhou Hongyi said that 360 Security Technology Inc. will redefine 'digital humans' based on the big model capabilities of 360 Brain.

It is worth mentioning that just two days before 360 Security Technology Inc. announced its performance expectations, Inspur Electronic Information Industry Co. Ltd. was hit by a 'performance thunder.'

According to Inspur Electronic Information Industry Co. Ltd.'s half-year performance forecast released on July 11th, the company's net profit attributable to shareholders of the parent company was 0.286 billion yuan to 0.382 billion yuan, a year-on-year decrease of 60-70%; the non-net profit attributable to shareholders of the parent company was 6.2796 million yuan to 0.102 billion yuan, a year-on-year decrease of 88%-99%.

Inspur Electronic Information Industry Co. Ltd. explained that in the first half of 2023, due to factors such as the global shortage of GPUs and related dedicated chips, the company's operating income has declined. Based on preliminary calculations, it is estimated that operating income in the first half of 2023 will decrease by about 30% year-on-year, leading to a year-on-year decline in the company's performance.

Analysis believes that Inspur Electronic Information Industry Co. Ltd. is just an 'assembly plant' in the server supply chain covered by the AI concept. Its low net profit margin and poor performance are not surprising.

The A-share earnings season has just begun this week. With the continuous disclosure of performance forecasts, the AI concept faces a performance test.
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