China Information Technology Development Limited
HHKEX:81780.20
HKD
+0.01
(+2.63%)
ISIN
KYG215501688
CUSIP
G21550168
Return %
Stock
S&P 500
1Y
-56.15
14.20
3Y
-90.91
81.12
5Y
-89.96
68.34
Capital Structure
HKD
•
in mil. unless spec.Working Capital
HKD
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in mil. unless spec.Growth Rates
HKD
•
in mil. unless spec.Semi-annual Revenue
HKD
•
in mil. unless spec.Semi-annual Earnings Per Share
HKD
•
in mil. unless spec.Semi-annual Dividends Per Share
HKD
•
in mil. unless spec.Company Description
- CEO
- King Shiu Wong
- Full Time Employees
- 59
- Sector
- Technology services
- Industry
- Information technology services
- Address
- Unit 3308 Millennium City 6 Hong Kong Hong Kong
- IPO Date
- Dec 11, 2001
- Website
- citd.com.hk
- Similar Companies
- Business
- China Information Technology Development Limited (HKEX: 8178), an investment holding company founded in 2001 and headquartered in Kwun Tong, Hong Kong, principally engages in providing information technology solutions, system integration, and related support services in Hong Kong and the People's Republic of China. The company operates through its wholly-owned subsidiaries, DataCube Research Centre Limited and Macro Systems Limited; DataCube offers integrated marketing artificial intelligence solutions, big data analytics and modeling, predictive analytics, business intelligence tools including AI Book, AI Manager, and BI Canvas, smart logistics and customer relationship management systems under AI Booster, as well as data storage services targeting industries such as finance, insurance, telecom, retail, and public transportation; Macro Systems provides digital solutions, consulting, managed IT services, infrastructure solutions, cybersecurity, Internet of Things, and AI technologies, partnering with leading vendors like Nutanix, Sangfor, IBM, and VMware, and leveraging solution demo centers and data centers to serve over 1,000 clients worldwide across Asia and North America. Additional activities encompass software and hardware development and sales, technical support and maintenance, property leasing, securities trading and investments, office management, telecommunications consultancy, cloud services, intelligent retail systems, asset acquisition, management, and consultancy, with a strategic emphasis on AI, Web3.0, blockchain, and emerging technologies. In recent developments, the company completed a share swap with Bonanza Goldfields Corp. in April 2023, acquiring a stake through the issuance of 2,652,038 shares to foster collaboration in artificial intelligence, blockchain, and digital ownership tokens; disposed of subsidiaries Rosy Ridge Investments Limited and Value Creation Finance Limited in April and November 2023 respectively for HK$28 million and HK$24.5 million, realizing gains and streamlining operations to focus on core IT businesses while reducing exposure to property and money lending; raised approximately HK$14.34 million net proceeds via a placing of 7,642,000 new shares in April 2023 to support IT infrastructure development, loan repayment, and working capital; issued HK$100 million in zero-coupon bonds documented via distributed ledger technology and digital ownership tokens in July 2023, with net proceeds allocated to Web3.0 and blockchain initiatives; established a joint venture, Petaverse, in June 2023 for e-commerce and metaverse pet products; entered a memorandum of understanding and proposed a HK$100 million acquisition of Autostereoscopic 3D Limited in 2023 to enhance 3D autostereoscopic and AI capabilities, alongside partnerships like grMail for email security and collaborations in tokenization of corporate bonds and AI applications for mass transit. These strategic moves, including the adoption of a 2023 share option scheme in May 2023, underscore the company's focus on technological innovation, divestitures of non-core assets, capital raising, and alliances to bolster its position in AI-driven IT solutions amid market volatility.