The Zhitong Finance app learned that according to a research report published by First Shanghai, it maintains the “buy” rating of China Software International (00354), with a target price of HK$8.1. According to a comprehensive analysis, China Soft's international flow is steady, and the company's R&D capacity continues to strengthen. The bank is optimistic about the influence and layout of the company's intelligent business in the cloud. With the support of Huawei's many business cooperation lines and major customers, the cornerstone business is expected to continue to gain strength steadily; the certainty of the rapid development of the cloud intelligence business and car salesmen.

According to the report, the company's cloud intelligence business revenue for the first half of '23 was 3.3 billion yuan, an increase of 3% over the previous year, mainly due to the increase in the service capacity of the full-stack cloud business. The company became one of the first service partners to pass HUAWEI CLOUD CTSP certification, and continues to rank first in the two major segments of cloud migration and cloud development according to IDC statistics. It will continue to grow in the field of cloud professional services in the future. At the same time, the company is deeply involved in various Huawei car building businesses, and has provided software architecture and smart cockpit technical services for many leading car companies such as BYD, Geely, and Volvo. The bank believes that the company continues to optimize vertically in the Hongmeng Matrix. The company is tied to a 10% share of HUAWEI CLOUD's capabilities, and HUAWEI CLOUD's revenue will reach 45.3 billion in 2022. The company is expected to continue to benefit in the future, while the layout of the smart car software industry chain will open up a new growth curve for the company's growth.