China Software 2024 Annual Results Forecast Loss Announcement
Gelonghui announcement summary | Dong-E-E-Jiao: Net income for the fiscal year 2024 is expected to increase by 30%-39%; China National Software & Service: Expected loss of 0.39 billion yuan to 0.465 billion yuan for the year 2024.
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China National Software & Service (600536.SH) announced a preliminary loss, expecting a net loss of 0.39 billion yuan to 0.465 billion yuan for the fiscal year 2024.
China National Software & Service (600536.SH) issued an announcement regarding a projected annual loss for 2024, expecting to achieve...
Anxious Wang Wenjing: Is the "parachuted" president going to resolve the crisis as Youyou's losses deepen? | BUG
In Jiangxi, Wang Wenjing, the former "richest man" who founded Yonyou Network Technology, is now caught in the anxiety of worsening losses at his company and frequent changes in the senior management team. Recently, the financial software giant Yonyou Network Technology announced that "Director and President Chen Qiangbing resigned due to work adjustments and will continue to serve as Chairman and President of the subsidiary Newdao Technology, while former SAP Global Executive Vice President and President of Greater China Huang Chenhong will take over the President position." It is worth noting that in January 2024, Chen Qiangbing just took over the presidency from Yonyou Network's founder Wang Wenjing, and now only a year has passed.
Hong Kong stock movement | KINGDEE INT'L (00268) soared more than 4% during intraday trading. China National Software & Service spending prospects are strong for the next three years, with an improvement in industry profitability by 2025.
KINGDEE INT'L (00268) rose over 4% during the session, as of the time of writing, it has increased by 4.64%, trading at 8.34 HKD, with a transaction volume of 52.5242 million HKD.
[Brokerage Focus] Citigroup: The outlook for China's software spending is optimistic for the next three years. The top choice is KINGDEE INT'L (00268).
KINGDEE INT'L | Citigroup reports that China's software spending remained stable last year, with an optimistic outlook for the next three years. It is expected that related spending will accelerate this year, and the report believes that the profitability of China's software industry will improve this year, mainly due to strict cost control. The firm stated that spending on AI software will grow rapidly, recommending KINGDEE INT'L (00268) as the top stock, and giving 'outperform' ratings to Iflytek Co.,ltd., TRAVELSKY TECH (00696), CHINASOFT INT'L (00354), and Glodon.
China National Software & Service Company Limited (SHSE:600536) Might Not Be As Mispriced As It Looks After Plunging 25%
Overview of the lifting of restrictions on A-shares | December 30
According to Zhichun Financial APP, on December 30, a total of 37 listed companies had their restricted shares unlocked, with a total market value of approximately 12.254 billion yuan. Today's specific situation of the restricted shares unlocked is as follows: Stock Abbreviation Stock Code Restricted Stock Type Number of Stocks Unlocked Henan Yuneng Holdings 001896 Placement of A-shares for original shareholders 0.205 billion Datang Telecom Technology 600198 Placement of A-shares for original shareholders 0.428 billion China National Software & Service 600536 Stock-based Incentive restricted circulation 0.7513 million Xiamen Tungsten 600549 Stock-based Incentive restricted circulation 3.6369 million Yueyang Forest & Paper 600963 Stock-based Incentive restricted circulation 0.27 million
[Hong Kong Stock Connect] CHINASOFT INT'L (00354) rose by 3.26%. Institutions are Bullish on its impact and layout in the cloud Asia Vets Business.
Jinwu Financial News | CHINASOFT INT'L (00354) shows a strong oscillation, with an increase of 3.26% as of the time of this report, priced at 5.39 HKD, with a transaction amount of 34.95 million HKD. In terms of news, CHINASOFT INT'L is a diamond service provider for the development and training of HarmonyOS native applications, benefiting significantly from the development of pure HarmonyOS. The company is deeply bound with ShenKai Hong to jointly promote HarmonyOS Industry solutions, with expected performance gradually being released. In terms of equity, CHINASOFT INT'L has invested in ShenKai Hong; from a business perspective, ShenKai Hong focuses on the research and development of operating systems, while the related HarmonyOS devices and implementation are handled by CHINASOFT INT'L. FIRST SHANGHAI research pointed out that CHINASOFT INT'L has stable cash flow.
China National Software & Service (600536.SH): intends to increase capital by 0.45 billion yuan for the Zhongruan Xinchang.
On December 16, Gelonghui reported that China National Software & Service (600536.SH) announced its plan to increase the capital of ChinaSoft Information Technology Innovation Co., Ltd. (formerly Tianjin ChinaSoft Information Systems Co., Ltd., which was renamed as ChinaSoft Xinchang Information Systems Co., Ltd. in September 2024, hereinafter referred to as ChinaSoft Xinchang) with its own funds of 0.45 billion yuan at a price of 1 yuan per registered capital. After the capital increase is completed, the registered capital of ChinaSoft Xinchang will be increased from 50 million yuan to 0.5 billion yuan. The company plans to pay in 0.15 billion yuan of registered capital this year, with the remaining balance to be paid by December 1, 2027.
China National Software & Service Subsidiary Gets 83 Million Yuan in Government Subsidies
China National Software & Service (600536.SH): Subsidiary received government subsidy of 83 million yuan.
On December 11, Globaleaks reported that China National Software & Service (600536.SH) announced that its subsidiary Qilin Software Co., Ltd. (referred to as Qilin Software) obtained a government subsidy related to income on December 11, 2024, totaling 83 million yuan, accounting for 35.66% of the absolute value of the audited net income attributable to the parent company's shareholders of -232.7464 million yuan for 2023.
Bank of America Securities recommends "Buy" for KINGSOFT and KINGDEE INT'L, with both Target Prices raised.
Bank of America Securities released a research report stating that among the covered China National Software & Service stocks, it recommends KINGSOFT (03888) and KINGDEE INT'L (00268), both rated as "Buy", and has raised KINGSOFT's Target Price from HKD 38 to HKD 45, and KINGDEE's Target Price from HKD 11.1 to HKD 13.2. The bank conducted a corporate IT spending survey from November 15 to 22, collecting responses from over 300 IT professionals, among which 7.4% of respondents expect software spending growth to accelerate to 7.4% next year, compared to a year-on-year growth of 6.6% this year. Furthermore, the bank believes
Express News | China National Software $ Service Says Unit Plans to Raise up to 3 Bln Yuan, in Which Co Will Subscribe for up to 2 Bln Yuan
Individual Investors Invested in China National Software & Service Company Limited (SHSE:600536) Copped the Brunt of Last Week's CN¥1.6b Market Cap Decline
zheshang Securities: HarmonyOS NEXT system will be installed on a large scale soon. HarmonyOS PC, AI assistant will be launched soon.
Star Daily News learned that the Huawei Mate 70 series is in full production. Earlier, at the Huawei Developers Conference in June, Huawei revealed that Harmony NEXT will be officially released in the fourth quarter with the launch of the Mate 70 series.
Citic Securities general software third quarter report summary and outlook: Single Q3 growth slowed down slightly, with obvious acceleration in Xinchuang category.
In 2024, the overall growth of revenue for general software companies in the third quarter has slowed down, but resilience remains, especially for those with a high degree of productization and good downstream business conditions.
Stock price reaches a one-year high. china national software & service (600536.SH): there have been no significant changes in the company's daily operation and external environment.
China National Software & Service (600536.SH) disclosed a notice of abnormal fluctuations in stock trading, the company's daily operation situation and external environment...
The Market Lifts China National Software & Service Company Limited (SHSE:600536) Shares 30% But It Can Do More
The convergence of big finance and technology may continue to lead the bullish trend.
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