China's Chinasoft International H1 revenue rises on strong full-stack AI products and services sales

Chinasoft International

20/08/2026 16:00

Overview
China IT services and AI firm's H1 2026 revenue rose 5.2% yr/yr
Profit attributable to owners grew 11% yr/yr; adjusted profit before tax up 27.1%
Growth driven by rapid expansion in full-stack AI business and workforce optimization

Outlook
Chinasoft says it will continue to expand AI and digitalisation services domestically and overseas
Company expects overall gross profit margin to continue improving as AI businesses grow
Chinasoft plans to further invest in technological innovation and AI talent development

Result Drivers
AI BUSINESS EXPANSION - Co said full-stack AI products and services sales rose 133.7% yr/yr, driving overall revenue and profit growth
WORKFORCE OPTIMIZATION - Co attributed improved efficiency and profitability to reduced headcount and greater use of AI tools for automation
LOWER ADMINISTRATIVE COSTS - Co said automation and workforce restructuring led to a decrease in administrative expenses, supporting profit growth

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Income Attributable
 
RMB 350.38 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
Wall Street's median 12-month price target for Chinasoft International Limited is HK$3.55, about 3.2% above its August 20 closing price of HK$3.44
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Aug 19 - Chinese software firm Chanjet's H1 revenue rises on cloud growth
Aug 19 - China's Kingsoft Q2 revenue rises 9% as office software growth offsets games decline
Aug 18 - Baidu CEO vows to return Ernie to AI frontier as revenue miss sinks shares

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-20/09ea25c0-5bdb-4834-af7f-afc74f0739c3.file
(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.)