Digital China Holdings Limited
0861.HK · HKSE
Company research
Digital China Holdings Limited (0861.HK) is an investment holding company listed on the Hong Kong Stock Exchange that provides integrated information technology services primarily to government and enterprise customers in Mainland China. Founded in 2000 and spun off from Legend Group (now Lenovo) in 2001, the company operates through three core segments: Big Data Products and Solutions, Software and Operating Services, and Traditional and Localization Services, offering a broad range of capabilities spanning spatial-temporal big data, artificial intelligence, digital twin platforms, supply chain operations, and systems integration. Under the leadership of CEO and Executive Chairman Wei Guo, the company employs approximately 19,000–22,000 staff and reported trailing revenues of approximately HKD 20 billion, positioning it as one of China's leading IT service providers and technology distributors. With a market capitalisation of approximately HKD 3.1 billion, Digital China Holdings continues to transition from a traditional IT distributor toward a data-driven technology enterprise, driving digital transformation across cities, industries, and the fintech sector.
Research reports
The report highlights that 2025 revenue reached 210.15亿元 with a 26.16% year-on-year increase and a turnaround to 3,142万元 in net profit, driven by improvements in data intelligent services, integrated supply-chain, and fintech segments under the upgraded “Data x AI” strategy and the AI First FDE commercialization model. It initiates coverage with a 买入 (“buy”) rating, forecasts sharp growth in归母净利润 to 1.00/1.76/3.03亿元 over 2026–2028, and flags key risks including intensifying competition, slower-than-expected AI commercialization, macroeconomic volatility, and margin pressure.
环球富盛理财有限公司（Global Prosperity Financial Company Limited） · April 23, 2026神州控股 Digital China Holdings (0861.HK) 业绩扭亏为盈，持续深化落实 “Data x AI” 战略This Hong Kong broker report notes that 2025 revenue rose 26% to 210.15亿元 and net profit flipped from a 2.54亿元 loss in 2024 to a 3,142万元 profit, with adjusted profit reaching 2.15亿元 as operating quality improved, service-type income grew to 101.40亿元 (48% of revenue), and the “Data x AI” strategy reshaped disclosures into data intelligent services, integrated supply-chain services, and fintech & other segments. It provides detailed forecasts for 2026–2028归母净利润 of 1.01/2.02/3.13亿元, assigns a 0.2x 2026E PS multiple with a target price of 2.95港元 and a 买入 (“buy”) rating, while outlining financial, governance/ownership, business/industry, and client/policy risks.