Jin Wu Financial News | According to Cathay Pacific Junan Research, China Software International (00354) won the HUAWEI CLOUD “Co-Climb the Peak Partner Award” during the “HUAWEI CLOUD Night” on September 20, fully demonstrating the company's core contribution to HUAWEI CLOUD's capacity building and sales growth. In the AI computing era, since most enterprise customers are unable to build large-scale AI computing power and train AI models, AI clouds have become an important means of promoting the inclusive development of AI. As one of HUAWEI CLOUD's most important partners, the company and Huawei have established an intelligent computing center, which is expected to benefit deeply from the development of HUAWEI AI Cloud.
According to the bank, over the years, the company and Shenzhen Kaihong have actively laid out Hongmeng's ecological business, using the KaiHongos operating system and Meta superdevice management platform as the core to create an end-to-end autonomous, secure, and controllable AIoT solution. At the Huawei Full Connectivity Conference, the company released 8 new intelligent connected hardware products based on KaiHongos's innovative development, including various edge computing terminals, intelligent gateways, robots, charging piles, etc., to better help Hongmeng achieve the implementation of the industry.
The bank maintains the company's profit forecast. It is estimated that in 2024-2026, the company's EPS will be 0.28, 0.35, and 0.45 yuan, respectively, and maintain the target price of 6.58 yuan, corresponding to 23.52 times PE in 2024, maintaining the “increase in holdings” rating.
