Investment Rating - The report maintains a "Buy" rating for China Software International [2][6] Core Views - The chairman's recent share purchases demonstrate long-term confidence in the company's prospects [6] - The company is positioned as a full-stack service provider in the Hongmeng ecosystem, contributing to hardware access, software adaptation, and scenario development [6] - The company has a strong foundation in operating system technology, with advancements in IoT and distributed heterogeneous robot operating systems [6] - The self-developed "Hongyun Virtual Machine" enhances compatibility with the Windows ecosystem, supporting the initial promotion of Hongmeng in the PC sector [6] - Recent success in securing new orders for ERP services strengthens the company's penetration in state-owned enterprises [6] - Collaboration with Silicon-based Flow aims to establish a high-performance AI platform, facilitating the deployment of AI solutions across various industries [6] - The company is developing a cloud and computing operation model to create an AI-native digital foundation, leading in the Huawei cloud ecosystem [6] Financial Data and Profit Forecast - Revenue projections for 2025-2027 are estimated at 177.98 billion, 194.64 billion, and 221.43 billion RMB respectively, with corresponding net profits of 6.06 billion, 7.26 billion, and 8.82 billion RMB [3][7] - The company expects a revenue growth rate of 5% in 2025, 9% in 2026, and 14% in 2027, while net profit is projected to grow by 19% in 2025, 20% in 2026, and 21% in 2027 [3][7] - The earnings per share (EPS) is forecasted to be 0.22 RMB in 2025, 0.27 RMB in 2026, and 0.32 RMB in 2027 [3][7]

智通财经APP获悉，香港联交所最新资料显示，9月23日，董事会主席陈宇红增持中软国际(00354)150万 股，每股作价6.0412港元，总金额为906.18万港元。增持后最新持股数目约为3.19亿股，最新持股比例 为11.68%。 ...

开源证券发布研报称，中软国际是华为最高级别合作伙伴，有望受益于鸿蒙生态发展。公司与华为于 2009年开始合作，深入参与华为各领域布局，是华为在国内最核心的IT服务外包商之一。2024年华为终 端业务业绩修复，原生鸿蒙发布、鸿蒙PC发布后"1+8+N"物联生态实现闭环，软件生态重构需求快速增 长。原生鸿蒙软件重构、智能物联网设备持续发展，推动鸿蒙生态需求激增。公司是开源鸿蒙生态的核 心服务商，推出了适合开源鸿蒙开发者的工具，联合深圳市天使母基金等机构助力创业鸿蒙开发者。公 司占据鸿蒙生态先发优势，有望持续受益。 消息面上，中国软件国际发布公告，紧接主要股东、主席兼执行董事陈宇红博士于7月18日收购200万股 公司普通股后，陈博士已于9月23日再次收购合共150万股份，总金额约为906.18万港元。于紧随股权增 加后，陈博士持有3.19亿股股份，相当于公司于本公布日期之已发行股份总数约11.68%。 智通财经APP获悉，中软国际(00354)再涨超5%，截至发稿，涨4.33%，报6.51港元，成交额3.09亿港 元。 ...

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company is a leading player in the domestic IT services sector and a deep partner of Huawei, with over 40% of its revenue coming from Huawei [4][6] - The cloud intelligence business is experiencing significant growth, and the initial completion of the HarmonyOS ecosystem is expected to benefit the company as its collaboration with Huawei Cloud deepens [4][5] - The report has adjusted the profit forecast for 2025 and introduced forecasts for 2026-2027, estimating net profits of 564 million, 628 million, and 708 million yuan for 2025-2027, respectively [4][7] Summary by Sections Company Overview - Established in 2000, the company has been a strategic partner of Huawei since 2009 and has evolved into a leading comprehensive software and IT service provider in China [15][16] Financial Performance - The company reported a revenue of 17.17 billion yuan in 2024, with a slight decline of 0.3% year-on-year, while net profit was 513 million yuan, down 28.1% [7][20] - The gross margin has been under pressure, dropping from 29.20% in 2020 to 22.07% in 2024, but there are efforts to improve margins through high-value projects and AI product deployment [22][27] Business Segments - The core ICT services business has seen a decline in revenue from 133.87 billion yuan in 2022 to 96.36 billion yuan in 2024, while the cloud intelligence business has grown from 2 billion yuan in 2019 to 73.15 billion yuan in 2024 [27][28] - The company aims to transition from a traditional outsourcing model to an AI technology service provider, leveraging its partnership with Huawei [31][54] Strategic Partnerships - The company is a key partner in Huawei's cloud strategy, benefiting from the growth of the HarmonyOS ecosystem and the increasing demand for AI-driven solutions [6][60] - The collaboration with Huawei has allowed the company to expand its customer base and enhance its service offerings, particularly in sectors like energy, finance, and government [41][42] Market Outlook - The IT services market in China is projected to grow steadily, with a total market size expected to reach 525.6 billion USD in 2024, driven by digital transformation across various sectors [32][36] - The cloud computing market in China is anticipated to exceed 2 trillion yuan by 2027, with significant contributions from AI and big data applications [61][69]

Group 1 - The core point of the article is that China Soft International (中软国际) has seen a significant increase in its stock price, attributed to recent share purchases by its major shareholder, Dr. Chen Yuhong, and positive outlook from Nomura regarding the company's recovery in its core IT outsourcing business [1] Group 2 - China Soft International's stock rose over 4% and was trading at HKD 6.27 with a transaction volume of HKD 194 million [1] - Dr. Chen Yuhong purchased an additional 1.5 million shares on September 23, following a previous acquisition of 2 million shares on July 18, bringing his total holdings to 319 million shares, which is approximately 11.68% of the company's issued shares [1] - Nomura indicated that the worst period for China Soft International may be over, as the company's core IT outsourcing business showed signs of recovery with a year-on-year growth of 7% expected in the first half of 2025, largely due to Huawei's business restructuring [1] - The positive developments in Huawei's AI initiatives and its expansion in cloud, software, and automotive applications are anticipated to increase demand for China Soft International's IT services [1]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全 部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公司董事會認為股權增加反映陳博士對本公司價值的認可和對本公司未來整體業務 發展及增長潛力的信心。 自願性公佈 主要股東股權增加 本公佈乃由中軟國際有限公司（「本公司」）作為自願性公佈發出，以讓公眾人士瞭 解本公司之最新資料。 於二零二五年九月二十三日，本公司獲接其主要股東、主席兼執行董事陳宇紅博士（「陳 博士」）通知，緊接陳博士於二零二五年七月十八日收購 2,000,000 股本公司普通股 （「股份」）後，陳博士已於二零二五年九月二十三日再次收購合共 1,500,000 股份, 有關平均價格約為每股股份 6.0412 港元，有關總金額約為 906.18 萬港元（「股權增 加」）。根據股權增加所收購之股份總數相當於本公司於本公佈日期已發行股份總數 約 0.05%。於緊隨股權增加後，陳博士持有 318,988,861 股股份，相當於本公司於本公 佈日期之已發行股份總數約 11.68%。 本公司 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINASOFT INTERNATIONAL LIMITED 中軟國際有限公司 * 董事會亦謹此提供有關未動用所得款項淨額用途變動之最新資料。 1 所得款項用途變動 本公司於二零二一年十月四日訂立配售協議，以配售最多合共162,000,000股配售 股份，有關配售價為每股配售股份12.26港元，為本公司籌集之所得款項淨額約為 19.70億港元（「所得款項淨額」）（經扣除配售事項之佣金及其他開支後）。下文載 列本公司對所得款項淨額之用途及擬定用途，以及自配售事項完成後，有關約7.88 億港元（佔所得款項淨額約40%）用於鴻蒙操作系統及OpenHarmony用途之預期時 間表之變動： | | | | 於二零二五年 | | | --- | --- | --- | --- | --- | | | | | 中期報告所披 | | | 所得款項 | | | 露之所得款項 | 預期動用時間 | | 淨額分配 | 所得款 ...

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 呈交日期: 2025年9月3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/註冊股本總額： HKD 200,000,000 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公 佈全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINASOFT INTERNATIONAL LIMITED 中軟國際有限公司 * （於開曼群島註冊成立之有限公司） （股份代號：354） 自願性公告 中軟國際入圍中化信息2025-2027年 咨詢、ERP、實施運維服務集中採購項目 中軟國際有限公司 主席兼首席執行官 陳宇紅博士 中軟國際有限公司（以下簡稱「中軟國際」或「公司」）發佈本公告作為自願公佈，讓 公眾人士知悉本公司最新資料。 本公司欣然宣佈，近日，公司成功入圍中化信息技術有限公司（以下簡稱「中化信 息」）2025-2027年人力外包服務集中採購項目，涵蓋咨詢服務類、ERP類、實施運 維類三個關鍵標包。該項目旨在推動化工領域數字化咨詢、雲規劃、信息技術創 新應用項目建設，助力ERP系統在企業內的高效應用和持續優化，為項目實施和 系統運行提供堅實保障。 此次入圍，不僅是對中軟國際ERP咨詢實施及數字化轉型服務能力的高度認可， 更標誌 ...

Financial Performance - The company reported a revenue of RMB 8,506,642, an increase of 7.3% compared to RMB 7,926,183 in the previous year[5] - Service revenue reached RMB 8,248,232, reflecting a growth of 7.8% from RMB 7,647,920 year-on-year[5] - The company's profit before tax was RMB 348,946, marking an 18.0% increase from RMB 295,834 in the previous year[5] - Net profit for the period was RMB 315,031, up 10.4% from RMB 285,353 year-on-year[5] - Basic earnings per share increased by 15.6% to 12.64 cents[74] - The company's net profit for the period was RMB 315,563 thousand for the six months ended June 30, 2025, compared to RMB 285,720 thousand for the same period in 2024, reflecting a growth of 10.4%[118] - The adjusted profit for the first half of 2025 was RMB 277,093 thousand, up 11.9% from RMB 247,534 thousand in the first half of 2024, with an adjusted profit margin of 3.3%[97] AI and Technology Investments - The company has invested over RMB 2.5 billion in its "1+3" AI strategy, with RMB 1.5 billion in business investments and RMB 1 billion in financial investments[7] - The company achieved a total AI revenue of RMB 6.56 billion during the reporting period[9] - The company launched the AI-R1 series products, with over 300 AI projects implemented across various industries[11] - The company's full-scenario AI product and service revenue grew by 130% year-on-year, becoming a new growth engine for the business[19] - The company is enhancing its talent structure to meet emerging AI job demands, focusing on roles such as AI data engineers and AI solution experts[15] - The company has developed the R1-EIMOS digital transformation support platform, integrating AI capabilities to enhance operational efficiency across various industries[18] - The company collaborated with Deep Open Hong to create the "KaihongOS+AI" platform, achieving personalized teaching and refined management through AI large models, with 38 "Open Source Hongmeng Engineers" certified during the reporting period[23] Strategic Collaborations and Market Expansion - The company is focusing on the "Belt and Road" initiative, establishing a global service system covering the Asia-Pacific and Middle East regions, leveraging a dual-driven model of "technology going abroad + ecosystem landing"[14] - The company has signed a memorandum of cooperation with Huawei to deepen collaboration in the Middle East and Central Asia, joining multiple strategic alliances[14] - The company is actively participating in the construction of "Hongmeng Cities" and has established a development center in Xi'an[12] - The company is expanding its market presence in the Greater Bay Area, Yangtze River Delta, and key cities like Beijing and Shenzhen, while also establishing a global service system in the Asia-Pacific and Middle East regions[83] Product Development and Innovation - The company launched the "Yangfan R/7" ERP core management system for the energy and power industry, now available on Huawei Cloud Store, marking a significant step in digital transformation[13] - The company introduced the world's first distributed heterogeneous multi-machine collaborative robot operating system, addressing industry fragmentation issues[22] - The company has developed the "Hongyun Virtual Machine" to ensure compatibility with the Windows ecosystem, facilitating the large-scale application of domestic operating systems[27] - The company has launched multiple financial AI products, including a dialogue platform and risk control solutions, which have been implemented in various financial institutions[44] - The company has launched the "AI Medical Compliance Officer" solution, which has successfully reduced the hospital's insurance rejection rate and inspection violation rate through a comprehensive compliance management system[50] Financial Position and Liabilities - The company's total equity increased to RMB 11,733,041 thousand as of June 30, 2025, compared to RMB 11,438,494 thousand as of December 31, 2024, reflecting a growth of about 2.6%[104] - The company reported a net loss from operating activities of RMB (990,209) thousand for the first half of 2025, compared to a loss of RMB (686,433) thousand in the same period of 2024, indicating a worsening performance[107] - The company's borrowings stood at RMB 3,599,918 thousand as of June 30, 2025, slightly down from RMB 3,640,752 thousand as of December 31, 2024, indicating a minor reduction in debt levels[104] - The net debt ratio for the first half of 2025 was 12.8%, compared to a negative net debt ratio at the end of 2024[95] Corporate Governance and Shareholder Information - The company has adopted a share incentive plan effective from December 10, 2018, aimed at motivating selected employees and directors to contribute to the group's ongoing operations and development[137] - The board believes that the dual role of Dr. Chen as Chairman and CEO provides strong and consistent leadership for the group's long-term business strategy[131] - The audit committee, consisting of three independent non-executive directors, reviewed the interim results for the six months ending June 30, 2025, ensuring compliance with applicable accounting standards[148] - Major shareholders include Bank of Communications Trustee Limited with approximately 251,368,914 shares (9.20%) and UBS Group AG with approximately 138,992,423 shares (5.09%) as of June 30, 2025[145]