BEIJING and HONG KONG, Aug. 29,
2014 /PRNewswire/ -- ChinaSoft International
("ChinaSoft" or "the Company") (SEHK: 354) announced
today the unaudited interim results for the six months ended
30 June 2014.
In the first half of 2014, ChinaSoft's service revenue and
profit was RMB 1.91 billion and
RMB 115 million, achieving YOY
growths of 41.8% and 42.6% respectively. The Company's size grew to
23,989 employees.
In the first half of 2014, the different segments of the Company
all experienced stable and healthy growths. The highlights include
the development and the close beta launch of JointForce platform,
Huawei, mobile and cloud businesses.
During the reporting period, the JointForce platform, an
Internet crowd source platform developed by the Company itself, has
successfully launched the closed beta version and the Company is
already seeing an increase in work efficiency and utilization rate.
The JointForce platform has successfully controlled the growth of
employee number and helped the Company increased its margins
compared to the last corresponding reporting period. The internal
testing results are evident and successfully met the Company's
expectation of JointForce in the first half of 2014.
Currently, there are over 7,000 registered users, of which
around 3,000 users have either posted or bid on jobs for a number
of 500 projects. Of which, the entire PSG government business line
is now live on JF and has finished online delivery. The central
themes of JF are: payment upon completion of project as a true mark
of project completion, sub-divide projects into "micro projects" as
measurement (divide, grab, deliver, and evaluate projects),
business unit managers, project managers, and developers' "micro
management system" that is based on projects (from project
management standpoint, it is from bottom up to ensure margins
through a transparent support system). From a SaaS standpoint, the
Company also associated every JointForce related features with the
word "jie," and put them on Ali-cloud. For example, the corporate
instant messaging platform JetChat has the "jie" network, employs the "jie" mission for online
delivery, and uses the
"jie" resume and "jie" code to create a "jie"
community to form an ITS
platform ("jie" in English means outstanding and to liberate).
During the reporting period, the strategic cooperation with
Huawei stabilized, and the profit increased. For the first half of
2014, the Huawei business achieved a YOY growth of 90% with
increased profitability. The success of the JV has earned approval
from Huawei. Huawei's managing board believes that the JV between
Huawei and ChinaSoft aligns with Huawei's strategy and complement
one another, and fully endorses the JV's delivery and quality
control capabilities. As a result, they have decided to continue
with the JV model and increase business volume with the JV. This
serves as a positive motivation to our team, and is also a signal
that the Company has accomplished phase one of our strategy layout
with Huawei (earn the trust of Huawei through stable growth of
outsourcing business). The Company now enters phase two, using Huawei to rapidly increase businesses
in different verticals and overseas. Under the "secure, reliable,
and self-controlled" national information strategy, the full-on
cooperation with Huawei will be a key driver to help the Company
achieve its RMB 10 billion revenue
goal. This is a huge profit potential for the Company.
During the reporting period in respect to mobile development,
the Company and China Mobile's Fetion business has deepened its
partnership. The Company successfully took over Fetion's core
product development and operation for last year's contract, and was
able to sign a new contract with China Mobile for the 2014-2015
year. Within the last year (contract period), the Company launched
over 30 different online versions, including changes to UI, Fetion
calling, small phone conference, and payment capabilities and
received high praise from China Mobile and clients to become a
stable service provider of Fetion. Meanwhile, the Company is
actively working with China Mobile in its new "three new"
integration messaging strategy project (new calling, new
notification, and new communication) to help with the planning,
design, and development. The Company has a high chance of becoming
the core application developer of this "three new" project and
other 4G based project because of the successful partnership the
Company has with China Mobile now.
In terms of cloud services, the Company has completed over 6,000
Ali-cloud cloud migration cases, including the CITIC 21CN drug
monitoring system, and the customer satisfaction rate is over 99%.
With Ali promoting the "digital
Internet city" project, cloud migration
and operation has become a standard of cloud services. The
first execution of it will be at Guizhou and Ningxia. Meanwhile, Catapult, a
Microsoft Azure service integrator, is developing new solutions as
a service to deal with business issues based on intellectual
property rights and consulting services that helps businesses
realize profits from cloud services. These services will be pushed
out in the fourth quarter (or mid-year for Microsoft).
2014 is the year when we will witness history together. The
Company has prepared for a long time for this transformation, and
now is the time to start and take off.
For more information related to interim result, please click:
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http://www.chinasofti.com/superWebCMS/pages/sites/MainSite/html/en/investor/announcement.shtml
About ChinaSoft International Limited, "CSI" (354.HK)
Founded in 2000, ChinaSoft International Limited is a listed
company in the Hong Kong Stock Exchange with its code of 354.HK. It
is a large Chinese comprehensive software and information services
provider, ranging from end to end services of consulting, solution,
outsourcing and talent training. It serves clients including
government, manufacturing, finance, telecommunication, high-tech,
transportation as well as energy. It provides global services to
over 100 multinational companies with 23,989 employees located
worldwide based in 38 cities including mainland China, Hong
Kong, Princeton, Seattle, London, Tokyo
and etc. For more information, please visit www.chinasofti.com.
SOURCE ChinaSoft International