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china information technology (C3I) Snapshot

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52 Week High
07/8/14 - €4.47
52 Week Low
10/16/14 - €2.57
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china information technology (C3I) Details

China Information Technology, Inc., an Internet service company, provides system platform, transaction, big data, and related service solutions to the new media industry in the People’s Republic of China. The company, through its new media platform operation model, integrates its nationwide display terminals based on industries, location, and time frame; and rents out terminals to media companies, as well as provides other new media related services, including platform construction and maintenance, ads design advisory, cloud technology support, media supervision, and market analysis to clients. Its applications include Taoping Net, an advertisement placement solution; E-commerce Mini Mart, a self-help mini store; Online Campus, an application platform that integrates educational public cloud and private cloud; and Elevator IOT Platform that provides elevator IOT applications and terminals for elevator safety supervision and ads release. Its platform has application in the fields of education, transportation, elevator, health care, and newspaper. The company was formerly known as China Information Security Technology, Inc. and changed its name to China Information Technology, Inc. in August 2010. China Information Technology, Inc. was founded in 2004 and is headquartered in Shenzhen, the People’s Republic of China.

1,266 Employees
Last Reported Date: 04/15/14
Founded in 2004

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china information technology (C3I) Key Developments

Advertising Agency Selects China Information Technology, Inc. to Install 20,000 Cloud-Based New Media Elevator Terminals in Guangdong Province

China Information Technology, Inc. announced that the company was selected by a advertising agency to install 20,000 cloud-based new media elevator terminals in Guangdong province. Depending on specific terminals, revenues from these installations will be recognized through one-time terminal sales and recurring monthly platform service fees as well as through recurring monthly fees that include terminal rental and platform service fees. The terminals are expected to be installed by the end of 2017. The company's new media elevator terminals show advertisements and public information on 21.5-inch wall-mounted displays with high-definition digital output. The multi-functional system enables advertising agencies to remotely manage all of their content. Through the CNIT Cloud-App-Terminal elevator platform, the same terminals also enhance elevator safety via the transmission of technical data on elevator operation to property management, elevator safety supervision and maintenance bureaus on a real-time basis. The CNIT new media elevator terminals will be installed in the following major cities: Foshan, Zhongshan, Dongguan, Yunfu, Zhaoqing, Zhuhai and Jiangmen, which together constitute a key part of the Pearl River Delta Economic Zone with a total population of 30 million.

China Information Technology, Inc. Enters into Strategic Co-Operation Agreement with Lenovo Group Limited

China Information Technology, Inc. entered into a strategic cooperation agreement with Lenovo Group Limited. According to the agreement, the Company was designated by Lenovo as a authorized distributor of smart education terminals integrating proprietary CNIT software and cloud platform and Lenovo hardware including servers, laptops and tablet PCs for the Chinese market.

China Information Technology Elects Board of Directors

China Information Technology (CNIT) reported that YunSen Huang, Yong Jiang and Remington C.H. Hu have been elected to the CNIT board, at the CNIT annual meeting held on Dec. 19, 2014.


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Price/Book 2.5x
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