Chinese software firm Chanjet's H1 revenue rises on cloud growth

Chanjet Information Technology

19/08/2026 10:50

Overview
China enterprise software firm's H1 revenue rose 13% yr/yr to RMB 548 mln
Profit attributable to owners of parent up 24% yr/yr for the half-year
Company proposed interim dividend of RMB 0.14 per share, pending shareholder approval

Outlook
Chanjet plans to deploy HK$80.83 mln of unutilised IPO proceeds on acquisitions by 31 Dec 2028, subject to target identification

Result Drivers
CLOUD USER GROWTH – New paying cloud-service enterprise users rose 43% yr/yr to 122,000, indicating expanding subscription demand
CLOUD OPERATING COSTS – Gross margin fell to 66% from 70%, mainly due to higher cloud-subscription contract operating costs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 548.15 mln
 

Analyst Coverage
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Aug 18 - China's Weimob H1 loss widens, hit by share-based compensation and tax
Aug 19 - Yixin Group H1 revenue rises 13% on SaaS services strength
Aug 18 - China's SY Holdings H1 revenue inches up, helped by expansion in platform-based tech services

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)