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Last $2.39 USD
Change Today -0.02 / -0.83%
Volume 97.7K
CNIT On Other Exchanges
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

china information technology (CNIT) Snapshot

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52 Week High
05/20/15 - $7.35
52 Week Low
07/30/15 - $2.26
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Average Volume 10 Days
Shares Outstanding
Dividend Yield

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china information technology (CNIT) Details

China Information Technology, Inc. operates as an Internet service company that provides cloud-based platform, exchange, and big data solutions enabling innovation and smart living in the education, healthcare, new media, finance, and transportation sectors in the People's Republic of China. The company, through its proprietary Cloud-App-Terminal model, provides ‘Cloud Nest’ big data services to the traditional media industry. The company provides integrated smart data platforms to governments, enterprises, and urban users. It also creates Internet ecosystem that enables vertical industry applications with cloud media, cloud meeting, Taoping Net, Tao Meeting, Touch One Pass, Healthcare One Pass, and Shopping One Pass. 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. is headquartered in Shenzhen, the People’s Republic of China.

1,210 Employees
Last Reported Date: 03/31/15

china information technology (CNIT) Top Compensated Officers

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Executives, Board Directors

china information technology (CNIT) Key Developments

China Information Technology, Inc. Entered into Strategic Agreement with Guizhou Dianxian Media Co., Ltd

China Information Technology, Inc. entered into a five-year strategic agreement with Guizhou Dianxian Media Co. Ltd. to install 10,000 units of the CNIT elevator new media terminals in Guiyang, Zunyi and other major cities of Guizhou Province. According to the agreement, the China Information Technology will provide comprehensive new media solutions including the elevator new media platform, Cloud Nest data analytics, and 21.5-inch CNIT elevator new media terminals. Dianxian Media will be responsible for the marketing and operation of the elevator new media suites, and assist in the installation of the terminals. Half of the terminals will be sold to Dianxian Media, and the other half will be rent to it, in either ways, the Company will receive monthly platform service fee from Dianxian Media.

China Information Technology, Inc. Announces Management Changes

China Information Technology, Inc. announced the change of its Chief Product Officer (CPO). Effective immediately, Mr. Guangzeng Chen has been promoted to be the CPO by the board of directors to succeed Mr. Zhishan Liang, who has resigned for personal reasons. Concurrently, the Company is re-aligning its R&D team with the Company's current market positioning as a cloud-based Internet of Things provider. Mr. Chen joined CNIT as VP of the Research & Development Division in March 2014. Prior to that, Mr. Chen was a project manager at CoolPad Group Limited, and one of the top ten smartphone companies in China from May 2011 to February 2014. Previously, Mr. Chen was the head of research and development at VideoHome from June 2004 to May 2011.

China Information Technology, Inc. Signs Strategic Agreement with Linyi Municipal Government

China Information Technology, Inc. announced that the Company has entered into a strategic agreement with the Linyi municipal government of Shandong province to implement the 'CNIT Internet + Smart Linyi' project. CNIT will leverage its proprietary Cloud-App-Terminal (CAT) technology and Cloud Nest data analytics to upgrade and transform the business models of various industries from education, elevators and healthcare to new media in Linyi. Smart Education will establish a regional platform to provide various interactive services throughout the education process. Smart Healthcare will resolve the long waiting time problem for patients and connect with hospitals' digital systems to provide full-service online healthcare. Smart City E Stop will provide an information distribution channel for the municipal government and daily services such as banking, employment, package delivery and payment. Smart Elevator will collect and transmit elevator operational data to the Bureau of Quality Supervision of the municipal government and elevator maintenance companies, enabling online elevator management, provide emergency support and create advertisement opportunities. The Linyi municipal government will provide rent-free office space to CNIT and facilitate the registration with the local Administration for Industry and Commerce and the Tax Bureau. The municipal government will also confer preferential policies on CNIT in talent recruitment and tax benefits.


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