New stock news | Yonyou Network Technology (600588.SH) plans to list in Hong Kong, with traditional Cloud Computing Service revenue growth slowing down.

Yonyou Network Technology (600588.SH) announced that the company is planning to issue Overseas shares (H shares) and list them on the Hong Kong Stock Exchange.

Zhitong FinanceApr 22 18:50

Express News | Yonyou Network Technology: Planning to issue H shares and list on the Hong Kong Stock Exchange.

BreakingsApr 22 18:22

Research Reports on Gold Mining丨Guosen: Yonyou Network Technology's performance is expected to gradually recover, maintaining an "outperform the market" rating.

On April 17, Gelonghui reported that Guosen's research report indicated that Yonyou Network Technology (600588.SH) faced pressure on its full-year performance compared to the previous year, with a significant decline in profit in the fourth quarter. The company's profits were also affected by non-recurring factors such as personnel adjustments and impairment losses. The current impact of profit on the company is gradually clearing up, and net income is expected to reach a bottom and rebound. The company continues to add major clients, laying the foundation for a volume increase in core products, with related contract liabilities growing, ensuring a certain level of revenue performance. The company's core product BIP3 has released the R5 and R6 versions, comprehensively strengthening AI integration, data services, and global capabilities, achieving a 50% year-on-year reduction in resource consumption.

Gelonghui FinanceApr 17 17:21 · Ratings

Yonyou Network Technology (600588): The proportion of the core product BIP3 has increased, and AI products are expected to drive a performance recovery.

Annual performance was under pressure year-on-year, with a significant decline in profits in the fourth quarter. In 2024, the company achieved revenue of 9.153 billion yuan, down 6.57% year-on-year, and a net income attributable to shareholders of -2.061 billion yuan, a decrease of 113.13% year-on-year. Single Q4.

GuosenApr 17 15:17

Bank of America Securities: Domestic software companies are less affected by tariffs, with a preference to "Buy" KINGSOFT and others.

Bank of America Securities released a Research Report stating that it maintains a "Buy" rating on KINGSOFT (03888), with the Target Price lowered from HKD 53 to HKD 52. The firm covers a total of 15 software and cloud companies with uneven performance in 2024 (including profit warnings or preliminary results), of which 4 exceeded expectations, 2 met expectations, and 9 fell below expectations. Generally, the companies with strong performance mainly engage in office software or public cloud business, such as KINGSOFT, Beijing Kingsoft Office Software, Inc (688111.SH), and Kingsoft Cloud (03896), benefiting from the increasing contribution of AI revenue; while the cybersecurity and real estate software sectors are projected to be affected in 2024.

Sina Hong Kong stocksApr 15 16:24

Yonyou Network Technology announced the progress of its share buyback.

Gelonghui, April 8 | Yonyou Network Technology announced on the 8th that on April 7, 2025, the company repurchased 150,000 shares through a centralized competitive trading method, with a total payment of 1,999,500 yuan. As of April 7, 2025, the company has cumulatively repurchased 2,550,690 shares, accounting for 0.075% of the company's current total share capital, with the highest purchase price being 18.44 yuan/share and the lowest purchase price being 9.92 yuan/share. The total amount paid is 27,766,355 yuan (excluding commissions and other transaction fees). The repurchase progress complies with laws and regulations.

Gelonghui FinanceApr 8 08:07