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| HSI1 | 24,040.34 | +68.05 | 98.10B |
| HSCEI1 | 8,051.67 | +21.13 | 24.86B |
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2026-10-02 17:44:37 Revenue growth in China's software industry slightly picked up to 6.7% YoY in July, from 6.4% YoY in June, but remained below the 14% recorded in July 2025, in wake of weak IT spending and greater allocation of resources toward AI computing power and AI foundation models/customized AI projects, Goldman Sachs said in a research report. Software vendors are prioritizing the launch of new AI agent/AI-native tools to drive paying users. The broker reviewed 2Q26 and 1H26 results of software stocks and believed growth is gradually recovering, with average revenue growth of 14% YoY in 1H26, while profitability improved for some companies. SENSETIME-W (00020.HK) logged 23% YoY revenue growth in 1H26, with rising contribution from generative AI through provision of full-stack AI solutions. KINGDEE INT'L (00268.HK) posted 14% YoY revenue growth in 1H26, with net profit turning positive. MEITU (01357.HK) reported 22% revenue growth in 1H26, driven by AI productivity tools and overseas markets. The broker lowered MEITU (01357.HK)'s TP from HKD10.8 to HKD5.1 and downgraded the stock from Buy to Neutral, citing reasonable valuation relative to its coverage universe and considering sector-wide valuation compression amid potential competition and a longer AI monetization timeline. ~ AASTOCKS Financial News Website: www.aastocks.com | |