Core Viewpoint - China Soft International (00354) has seen a decline of over 5%, currently trading at HKD 6.17 with a transaction volume of HKD 280 million. The company is set to hold a board meeting on August 25 to discuss its interim results. [1] Group 1: Company Performance - The research report from Credit Lyonnais indicates that the long-term development trend of China Soft International remains unchanged, with expectations that the launch of Huawei's HarmonyOS personal computers will drive the virtual machine business as a key focus for this year. However, new growth drivers are expected to take time to materialize. [1] - Credit Lyonnais forecasts a slight improvement in gross margin for China Soft International this year, benefiting from the rapid growth of high-margin businesses. The projected year-on-year growth for revenue and net profit in the first half of the year is 10.5% and 10.1%, respectively. [1] Group 2: Market Outlook - The rating for China Soft International has been downgraded from "highly confident to outperform the market" to "outperform the market" due to the current valuation not being cheap. However, the target price has been raised from HKD 6.5 to HKD 7.1. [1] - It is anticipated 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 early next year. Consequently, the revenue growth forecast for 2025 has been revised down from 10% to a year-on-year growth of 7.6%, reflecting delays in revenue contributions from virtual machine products. [1]
港股异动 中软国际(00354)现跌超5% 公司下周一将发业绩 机构称虚拟机业务贡献收入仍需时间