Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $2.39 USD
Change Today -0.02 / -0.83%
Volume 97.7K
CNIT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
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

Open
$2.39
Previous Close
$2.41
Day High
$2.41
Day Low
$2.31
52 Week High
05/20/15 - $7.35
52 Week Low
07/30/15 - $2.26
Market Cap
82.1M
Average Volume 10 Days
232.0K
EPS TTM
--
Shares Outstanding
34.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINA INFORMATION TECHNOLOGY (CNIT)

Related News

No related news articles were found.

china information technology (CNIT) Related Businessweek News

No Related Businessweek News Found

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. 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.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CNIT:US $2.39 USD -0.02

CNIT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
DHC Software Co Ltd CNY25.05 CNY -0.14
Fujian Star-net Communication Co Ltd CNY19.80 CNY -0.94
Neusoft Corp CNY18.30 CNY -0.54
Beijing SuperMap Software Co Ltd CNY29.19 CNY -2.31
View Industry Companies
 

Industry Analysis

CNIT

Industry Average

Valuation CNIT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 4.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CHINA INFORMATION TECHNOLOGY, please visit www.chinacnit.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.