6 stories mentioning HKG:0354Updated 3h ago
Every FINWIRES story that references HKG:0354, newest first.
Chinasoft International (HKG:0354) has an average rating of overweight and mean price target of HK$5.08, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Chinasoft International (HKG:0354) won a 44.2 million yuan contract to develop an AI-powered smart hydropower operations project for Yalong River Hydropower Development, according to a Monday Hong Kong bourse filing.The company, leading a consortium with the National Meteorological Center and Nanjing NARI Water Resources and Hydropower Technology, will develop AI models for weather forecasting, power dispatching, power station operations and maintenance, and power market trading.Shares of the IT company were up over 3% in Monday morning trade.
Chinasoft International (HKG:0354) launched "allmeta Ontology v1.0," an ontology platform for the production implementation of enterprise AI in real business scenarios, according to a Wednesday Hong Kong bourse filing.Shares of the IT company were down nearly 5% in Thursday afternoon trading.The move comes after the company's release of its enterprise intelligent operating system product allmeta in March.
Chinasoft International (HKG:0354) said its wholly owned subsidiary, Beijing Chinasoft International Information Technology, signed sales agreements worth about 1 billion yuan to supply high-end AI computing equipment and related resources to several independent customers, according to a Wednesday Hong Kong bourse filing.The equipment will be used for artificial intelligence research and development, high-performance computing, and AI infrastructure projects.Shares of the IT firm fell over 2% in Wednesday morning trade.
Chinasoft International (HKG:0354) said its major shareholder and chairman Chen Yuhong bought 3 million shares of the company from the open market, according to a Monday filing with the Hong Kong bourse.Chen bought the shares on June 8 for an average price of HK$4.022, or HK$12.1 million in total.The shares bought represent 0.11% of the company's issued share capital and bumped Chen's ownership to 12.01% of the business.
Chinasoft International (HKG:0354) will enter the computing power business as part of its artificial intelligence strategy, according to a Wednesday Hong Kong bourse filing.The company plans to procure high-end AI servers in phases, build computing infrastructure, and develop related businesses, with funding to come from internal resources and external financing.Chinasoft said the business will focus on three areas, comprising computing hardware sales, computing power leasing, and sales of large-model inference tokens.Shares of the IT firm were up over 2% in Thursday morning trade.
