The Zhitong Finance App learned that Citi released a research report saying that the performance of the 11 Chinese IT service and software companies rated in the second quarter and first half of this year was better than or in line with expectations. The industry showed significant differentiation. AI-driven companies such as China Software International (00354), Kingdee International (00268), and Zhongke Chuangda (300496.SZ) are growing strongly, while traditional real estate-related vertical software such as YouYou Network (600588.SH), Mingyuan Cloud (00909), and Siweituxin (002405.SZ) Of the field Corporate revenue continued to fall short of expectations.
Citi said that AI revenue is gradually shifting from concept-driven to actual financial contributions. The AI transformation of the industry leader has now begun to be realized. Chinasoft International's full-stack AI business revenue reached 1.53 billion yuan, an increase of 134% over the previous year. Kingdee benefited from the momentum of the AI subscription model and successfully reversed losses, but emphasized that the industry is clearly divided, and it is expected that cyclical projects facing the government, real estate or car company-related projects will still face the problem of a long recovery cycle. The bank rated Chinasoft International, Jindie, Mingyuanyun, and China Civil Aviation Information Network (00696) as “buy”. The preferred stocks were China Soft International, Kingdee, and China Science and Technology Chuangda, and did not recommend users or 4D Xinxin.