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Last $1.37 USD
Change Today -0.08 / -5.52%
Volume 142.5K
CNIT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

china information technology (CNIT) Snapshot

Open
$1.44
Previous Close
$1.45
Day High
$1.46
Day Low
$1.35
52 Week High
05/20/15 - $7.35
52 Week Low
08/24/15 - $1.11
Market Cap
47.1M
Average Volume 10 Days
171.8K
EPS TTM
--
Shares Outstanding
34.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINA INFORMATION TECHNOLOGY (CNIT)

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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

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

china information technology (CNIT) Key Developments

China Information Technology, Inc. Announces Management Changes

China Information Technology, Inc. announced management changes that will further integrate the Company's operation, product and investment teams. As part of these changes, Mr. Zhiqiang Zhao, Mr. Zhixiong Huang and Mr. Junping Sun have been appointed to new positions effective immediately. Mr. Zhiqiang Zhao has been appointed President to oversee the day-to-day operations of the Company. He will continue to serve on the Board as a Director. Mr. Zhao has extensive experience in corporate operation and human resource management. Previously, Mr. Zhao served as the Supervisor of Human Resources for the Foxconn Technology Group. Mr. Zhao joined CNIT in 2005 and was most recently the COO of the Company. Mr. Zhixiong Huang has been appointed Chief Operating Officer responsible for running the Cloud-App-Terminal services. In addition to having more than twenty years of experience in the IT industry, Mr. Huang is a government-certified expert in computer science and serves in industry affiliated organizations such as the Shenzhen Computer Industry Association (SCIA) and the Shenzhen Science and Technology Innovation Committee (SZSTI). Mr. Huang joined CNIT in 2006 and was the Chief Technology Officer of the Company from June 2012 until September 2013 when he became Senior VP of Sales of the Company. Mr. Junping Sun has been appointed Chief Investment Officer to manage corporate assets for sustainable growth. Mr. Sun has more than fifteen years of experience in institutional investment. Previously, he worked at Shenzhen Capital Group Co. Ltd., a leading venture capital firm in China with RMB 10.0 billion (approximately USD 1.6 billion) of investable assets and over 500 portfolio companies. Mr. Sun joined CNIT in 2013 and was most recently Senior VP of Investment of the Company.

China Information Technology, Inc. Announces Contracts for Installation of 922 New Media Elevator Terminals in Huizhou City

China Information Technology, Inc. announced that the company was selected by an advertising agency in China to install 922 cloud-based new media elevator terminals in Huizhou City of Guangdong Province. Revenues from these installations will be recognized through one-time terminal sales of RMB 1.9 million and monthly recurring platform service fees. The terminals are expected to be installed by the end of 2015. These new media elevator terminals will display advertising and public information through Yunfa Net, the company's cloud-based publication platform. Yunfa Net enables advertising agencies to remotely upload and manage contents. Integrated with surveillance cameras and data collectors, the terminals also transmit data on elevator operation to the property management and elevator safety bureau on a real-time basis. In addition, other types of CNIT new media terminals in Huizhou can also connect to Yunfa Net for content publication.

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.

 

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Industry Analysis

CNIT

Industry Average

Valuation CNIT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 2.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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