Core Viewpoint - The report from CICC indicates that China Software International (00354) slightly missed revenue expectations by 2.8% for the first half of the year, while net profit met expectations. AI-related business revenue now accounts for 7.7% of total revenue [1] Group 1: Financial Performance - Revenue for the first half of the year was slightly below expectations by 2.8% [1] - Net profit aligned with expectations, indicating stable profitability [1] - The company has shown a clearer trend of improving net profit margins due to strict cost control measures, despite ongoing pressure on gross margins [1] Group 2: Business Outlook - The recovery in IT outsourcing business is expected to support the company's business prospects, which are better than in previous years [1] - The target price has been adjusted from HKD 7.1 to HKD 7.5, maintaining an "outperform" rating [1] Group 3: AI Business Contribution - AI-related business revenue has reached 7.7% of total revenue, highlighting the growing importance of this segment [1]
里昂：升中软国际目标价至7.5港元 维持“跑赢大市”