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[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
Investors in China National Software & Service (SHSE:600536) Have Unfortunately Lost 43% Over the Last Year
