NBD AI Bulletin -- Hundsun Technologies Inc. (the Company, SH 600570, closing price: 106.8 yuan) reported its earnings guidance on the evening of July 16, which expects net profit attributable to shareholders of the listed company to be approximately 331 million yuan to 344 million yuan for the first half of 2020, a decrease of approximately 51.3% to 49.3% YoY. The Company's weak performance is mainly due to a sharp YoY decrease of changes in the fair value of its financial assets.

NBD AI Review: Based on forecasts of multiple securities companies, the average net profit of Hundsun Technologies Inc. is expected to be 673 million for the 2020 half of 2020. In comparison, Hundsun Technologies Inc. reported a net profit of 678 million yuan a year earlier.

According to the 2019 annual report, Hundsun Technologies Inc. mainly engages in IT solutions for retailing businesses, IT solutions for asset management businesses, Internet innovation business, banking and industrial IT business, data risk and infrastructure IT business, non-financial business, accounting for 38.01%, 28.64%, 14.07%, 8.33%, 6.89%, and 3.92% of its revenue, respectively.

Hundsun Technologies Inc.'s chairman is Peng Zhenggang, male, 51 years old, with a bachelor's degree in computer sciences from Jiangsu University of Technology, EMBA of the China Europe International Business School. Hundsun Technologies Inc.'s general manager is Liu Shufeng, male, 50 years old, with a bachelor's degree in biomedical engineering & instrumentation from Shanghai Jiao Tong University, EMBA of Guanghua School of Management, Peking University.

(By Tan Yuhan)

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