里昂发表研报指，中国软件国际长期发展趋势未变，预期华为鸿蒙个人计算机的推出，将推动虚拟机业 务成为今年发展重心，但新增长动力需时体现，预期虚拟机业务需时更久才能贡献收入。受惠于高利润 业务增速较快，里昂预期中软今年毛利率可轻微改善，目前预测上半年收入及净利润分别按年增长 10.5%及10.1%。 考虑到中软现价估值并不便宜，里昂将其评级从"高度确信跑赢大市"下调至"跑赢大市"，目标价从6.5 港元上调至7.1港元，预期政府和国企对华为新PC的大规模采购订单要到今年底至明年才会出现，因此 将2025年收入增长预测从10%下调至按年增长7.6%，反映其虚拟机产品的收入贡献延迟。 ...

智通财经APP获悉，中软国际(00354)现跌超5%，截至发稿，跌5.08%，报6.17港元，成交额2.8亿港元。 该行指出，考虑到中软现价估值并不便宜，里昂将其评级从"高度确信跑赢大市"下调至"跑赢大市"，但 将目标价从6.5元上调至7.1元，预期政府和国企对华为新PC的大规模采购订单要到今年底至明年才会出 现，因此将2025年收入增长预测从10%下调至按年增长7.6%，反映其虚拟机产品的收入贡献延迟。 消息面上，中国软件国际拟于8月25日举行董事会会议考虑及通过公司中期业绩。里昂发表研究报告 指，中软国际长期发展趋势未变，预期华为鸿蒙个人电脑的推出，将推动虚拟机业务成为今年发展重 心，但新增长动力需时体现，预期虚拟机业务需时更久才能贡献收入。受惠于高利润业务增速较快，里 昂预期中软今年毛利率可轻微改善，目前预测上半年收入及净利润分别按年增长10.5%及10.1%。 ...

Core Viewpoint - China Software International (中软国际) is experiencing a decline of over 5% in its stock price, currently trading at 6.17 HKD, with a trading volume of 280 million HKD. The company is set to hold a board meeting on August 25 to discuss its interim results. [1] Group 1: Company Performance - The company is expected to see a slight improvement in gross margin due to the rapid growth of high-profit businesses, with projected revenue and net profit growth of 10.5% and 10.1% year-on-year for the first half of the year, respectively. [1] - The introduction of Huawei's HarmonyOS personal computers is anticipated to drive the virtual machine business, which is expected to become a key focus for development this year. However, new growth drivers may take time to materialize, and revenue contributions from the virtual machine business are expected to be delayed. [1] Group 2: Analyst Ratings and Forecasts - The brokerage firm, Credit Lyonnais, has downgraded its rating on China Software International from "highly confident outperform" to "outperform," while raising the target price from 6.5 HKD to 7.1 HKD. [1] - The firm anticipates that large-scale procurement orders from the government and state-owned enterprises for Huawei's new PCs will not materialize until the end of this year or next year, leading to a downward revision of the 2025 revenue growth forecast from 10% to 7.6%. [1]

Group 1 - The core viewpoint of the article highlights the strong performance of China Software International, with a stock price increase of 5.09% and a trading volume of 3.41 billion yuan [1] - The company specializes in global software and IT services, including cloud applications, AIoT, digital twin technology, ERP consulting, and digital transformation services, serving various industries such as government, finance, energy, manufacturing, telecommunications, internet, transportation, water conservancy, and public utilities [1] - Since its listing in 2003, the company has achieved a compound annual revenue growth rate of 28.7% and currently employs approximately 70,000 staff across 47 countries and regions, ranking 73rd in Gartner's global IT services market share [1] Group 2 - As of the 2024 annual report, China Software International reported total revenue of 16.951 billion yuan and a net profit of 513 million yuan [2] - The company is set to disclose its mid-year report for the fiscal year 2025 on August 25 [3]

Core Viewpoint - Zhongsoft International (00354) experienced a significant stock increase, rising over 6% in early trading, attributed to developments in Huawei's Ascend hardware and its open-source strategy [1] Group 1: Company Developments - Huawei's rotating chairman Xu Zhijun announced the full open-source of Ascend hardware at the Ascend Computing Industry Development Summit on August 5 [1] - The commercialization of the Ascend ecosystem is accelerating, particularly in sectors such as finance, energy, and manufacturing [1] - By May 2025, the Ascend ecosystem is expected to have over 6.65 million developers, more than 8,800 partners, and 23,900 solution certifications completed [1] Group 2: Industry Insights - The Cyberspace Administration of China recently held discussions with NVIDIA regarding security risks associated with the H20 chip, indicating a focus on domestic alternatives [1] - Jin Yuan Securities suggests a long-term commitment to domestic core replacement sectors, particularly emphasizing the Ascend industry chain [1] - AVIC Securities highlights the long-term collaboration between Zhongsoft International and Huawei, covering a full-stack partnership from basic software and hardware to AI platforms and industry applications [1]

此外，网信办近日就H20芯片安全风险约谈英伟达，金元证券表示，中长期看应坚定布局国产替代核心 赛道，重点关注昇腾产业链等。中航证券指出，中国软件国际与华为长期保持从基础软硬件、AI平 台、智能体到行业应用的全栈合作，系华为云连续七年的"同舟共济"合作伙伴，双方在协同创新、生态 共建与行业赋能等方面多维度深度合作。 消息面上，8月5日，在昇腾计算产业发展峰会上，华为轮值董事长徐直军宣布，华为昇腾硬件使能 CANN全面开源开放。据悉，昇腾生态的商业化进程加速，尤其在金融、能源、制造等行业。截至2025 年5月，昇腾已发展超过665万开发者、8800多家合作伙伴，完成23900多个解决方案认证。 智通财经APP获悉，中软国际(00354)早盘涨超6%，截至发稿，涨5.5%，报6.12港元，成交额4.96亿港 元。 ...

Group 1 - Zhongsoft International (00354) saw a morning increase of over 6%, currently up 5.5% at HKD 6.12, with a trading volume of HKD 496 million [1] - On August 5, at the Ascend Computing Industry Development Summit, Huawei's rotating chairman Xu Zhijun announced the full open-source of Huawei's Ascend hardware enabling CANN [1] - The commercialization process of the Ascend ecosystem is accelerating, particularly in the finance, energy, and manufacturing sectors [1] Group 2 - By May 2025, the Ascend ecosystem is expected to develop over 6.65 million developers, more than 8,800 partners, and complete over 23,900 solution certifications [1] - The Cyberspace Administration of China recently interviewed NVIDIA regarding the security risks of the H20 chip, indicating a focus on domestic replacement strategies [1] - Zhongsoft International has maintained a long-term comprehensive cooperation with Huawei across various domains, including basic software and hardware, AI platforms, intelligent agents, and industry applications [1]

Group 1 - The core viewpoint of the article highlights the strong performance of China Software International, with a notable stock price increase of 5.15% on August 14, reaching HKD 6.12 per share and a trading volume of HKD 3.08 billion [1] - The company specializes in global software and IT services, including cloud applications, AIoT, digital twin technology, ERP consulting, and digital transformation services, serving various industries such as government, finance, energy, manufacturing, telecommunications, internet, transportation, water conservancy, and public utilities [1] - Since its listing in 2003, the company has achieved a compound annual revenue growth rate of 28.7%, currently employing approximately 70,000 staff and operating in 47 countries and regions, ranking 73rd in Gartner's global IT services market share [1] Group 2 - As of the 2024 annual report, China Software International reported total operating revenue of RMB 16.951 billion and a net profit of RMB 513 million [2] - The company is set to disclose its mid-year report for the fiscal year 2025 on August 25 [3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: 中軟國際有限公司 第 1 頁 共 10 頁 v 1.1.1 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00354 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.05 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.05 | HKD | | 200,000,000 | 本月底法定/註冊 ...

Group 1 - The core viewpoint of the article highlights the performance and growth of China Software International, which saw a 3.6% increase in stock price, reaching 5.75 HKD per share with a trading volume of 300 million HKD [1] - China Software International specializes in global software and IT services, including cloud applications, AIoT, digital twin technology, ERP consulting, and digital transformation services, serving various industries such as government, finance, energy, manufacturing, telecommunications, internet, transportation, water conservancy, and public utilities [1] - Since its listing in 2003, the company has achieved a compound annual revenue growth rate of 28.7%, currently employing approximately 70,000 staff and operating in 47 countries and regions, ranking 73rd in Gartner's global IT services market share [1] Group 2 - As of the 2024 annual report, China Software International reported total revenue of 16.951 billion CNY and a net profit of 513 million CNY [1] - The company is set to disclose its mid-year report for the fiscal year 2025 on August 25 [1]