Maintain Qihoo 360 stock (Nyse:qihu) rating

The following is a summary of the contents of the report:

The strong performance of Qihoo is reflected in a number of areas, such as strong revenue, diluted earnings per share and net profit growth. Still, Qihoo's profit margin is relatively poor.

1 over the past year, Qihoo's revenue rose above 16.5% in the industry average, reaching 123.6%. Revenue growth has also contributed to an increase in diluted earnings per share.

2 The last quarter, the odd tiger's diluted earnings per share rose significantly. Recently, the performance of the odd tiger per share diluted earnings fluctuated. But we believe that this year will be an upward trend.

3 Thanks to strong profit growth (209.09%) and other incentives, Qihoo's shares rose 231.84% per cent over the past year.

4) Although Qihoo's debt equity ratio is lower than 0.94, it is above the industry average. The quick ratio of Qihoo is kept at 5.97, meaning that Ctrip can meet short-term cash demands.

5 The current gross margin of Qihoo is very high, reaching 92.25%, but still lower than the same period a year ago. Net interest rates are also as high as 23.65% per cent, well above the industry average.