Chinasoft International Ltd (CFTLF)

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Ai Xuefeng, Member of the Standing Committee of the Shenzhen Municipal Party Committee and Deputy Mayor, and his entourage visited ChinaSoft International for investigation.

source
http://www.chinasofti.com/news/2252.htm

August 26, 2021

On the afternoon of August 23, Ai Xuefeng, Member of the Standing Committee of the Shenzhen Municipal Party Committee and Deputy Mayor, Yao Ren, Deputy Secretary-General of the Shenzhen Municipal Government, Sha Yan, Deputy Secretary of the Party Committee and General Manager of the Shenzhen Stock Exchange, Secretary of the Party Leadership Group and Deputy Director of the Shenzhen Local Financial Supervision and Administration Bureau Shu Yumin and his entourage visited Chinasoft International and held discussions with Chinasoft International Board of Directors and CEO Chen Yuhong, Vice Chairman of the Board of Directors He Ning, and Senior Vice President Peng Jiang. The two sides held discussions on topics such as promoting the high-quality development of software companies in Shenzhen and exploring the support path of the capital market.

Standing Committee Member Ai Xuefeng pointed out that the current period of strategic opportunities for the rapid development of the software industry, the in-depth integration of software and application scenarios will surely promote the creation of more new models and new formats, and continue to increase the added value of the industry. ChinaSoft International should grasp the pulse of the times, achieve leapfrog development with root technology and other research and development, and contribute to the development of the software industry. ChinaSoft International's return to A-shares can make use of the domestic capital market to better develop. The Shenzhen Stock Exchange will help ChinaSoft International accelerate its pace through enhanced interaction and guidance. At the same time, it is hoped that Chinasoft International will plan a larger development pattern in Shenzhen and penetrate into cutting-edge fields such as technology research and development and innovation. Shenzhen is a strong city in the information industry, centering on the four-in-one information industry of capital, talents, customers, and industrial markets, it will create a broad and inclusive space for innovation and development for enterprises with the city's genes full of vitality and success.

Chen Yuhong first welcomed the arrival of the Standing Committee of Ai Xuefeng and his entourage, and introduced the company's development. The company has been established for 25 years. It has always maintained rapid growth, sustained profitability and persisted in transformation. It has become an honest and developed enterprise. After two years of unremitting struggle, the company's development has begun to take shape. In the third decade, the company is committed to achieving the goal of 30 billion in revenue in 2023 and 100 billion in market capitalization in the two markets, and it will take about 10 years to reach 100 billion in revenue, realizing "one of a kind" in the global IT service market and striving to enter The market value of global software service companies ranks among the top ten. Through three growth curves, build a quality, valuable, and meaningful business portfolio development formation:

- H1 software outsourcing business is exported by "software factory", "digital factory", etc., becoming a high-quality free cash flow business;
- H2 cloud intelligent business is high-speed Growing, positioning the largest independent third-party cloud service provider, digital transformation expert, continuing to deepen the main industries and upgrading solutions, truly liberating IT productivity;
- H3 business force Hongmeng, turning the position advantage into a competitive advantage, becoming the main force in the construction of intelligent Internet of Things Army, deeply participated in the ecological construction of OpenHarmony and AIoT, and opened up the second battlefield of the company's 2C and integrated software and hardware business.

ChinaSoft International is firm, resolute, and insists on being an excellent member of the "New Long March of Innovation and Technology" team. It is also one of the earliest HiLink ecological enablement service providers and one of the initiators of OpenHarmony. It is also the first Huawei Cloud "Together in the Same Boat" partner, and Huawei Cloud Kunpeng Lingyun partners, openGauss open source community members and contributors. Based on OpenHarmony, AI and atomization technology base, ChinaSoft International will combine its own R&D capabilities, service capabilities and business foundations to cooperate in AI capability construction, atomization service construction, promotion and operation, etc., technology complementarity, achievement sharing, and business sharing. Win, and jointly promote the development of AI and atomization. In the future, ChinaSoft International will deepen its “root technology” and give full play to its own advantages and industry-leading role in the national strategic framework such as strong software foundation and technological independence.

ChinaSoft International plans to return to the A-share listing and has now entered the counseling stage, striving to achieve a double increase in performance valuation through financing to promote production, as well as rapid reinforcement of its industrial layout and its own capabilities. Shenzhen is one of the three major bases of Chinasoft International. The company plans to set up an A-share listed company headquarters in Shenzhen. At the same time, it will establish a high-growth innovative business with great development potential in Shenzhen, and strive to achieve a scale of tens of billions of deep output within three years. At present, the blueprint for the construction of four major bases in Shenzhen has been initially formed: the cloud headquarters base and Huawei jointly innovate cloud intelligence and other cutting-edge fields to create a cloud industry highland; the intelligent Internet of Things base builds the core ecology of domestic operating systems and builds the AloT technology highland; high-end talent base will Become a cradle for nurturing independent core scientific and technological talents such as Alot and Xinchuang, and assist Shenzhen's high-end human capital and intellectual capital supply, and build a highland of root technical talents; the ecological investment base plans to establish an industrial investment fund with the government, guiding funds, investment institutions, etc. Ecological capital highland.

The investigation by the research team has added greater confidence and motivation to Chinasoft International's transformation and development. In the future, ChinaSoft International will continue to uphold the values ??of "being honest and determined to be persistent" and believe in the power of "belief". Our goal must be achieved, and our goal must be achieved!