Last $3.58 USD
Change Today +0.07 / 1.99%
Volume 9.4K
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As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

china information technology (CNIT) Snapshot

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01/6/14 - $7.49
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china information technology (CNIT) Details

China Information Technology, Inc., an Internet service company, provides system platform, transaction, big data, and related service solutions to the new media industry in the People’s Republic of China. The company, through its new media platform operation model, integrates its nationwide display terminals based on industries, location, and time frame; and rents out terminals to media companies, as well as provides other new media related services, including platform construction and maintenance, ads design advisory, cloud technology support, media supervision, and market analysis to clients. Its applications include Taoping Net, an advertisement placement solution; E-commerce Mini Mart, a self-help mini store; Online Campus, an application platform that integrates educational public cloud and private cloud; and Elevator IOT Platform that provides elevator IOT applications and terminals for elevator safety supervision and ads release. Its platform has application in the fields of education, transportation, elevator, health care, and newspaper. 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. was founded in 2004 and is headquartered in Shenzhen, the People’s Republic of China.

1,266 Employees
Last Reported Date: 04/15/14
Founded in 2004

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china information technology (CNIT) Key Developments

China Information Technology Elects Board of Directors

China Information Technology (CNIT) reported that YunSen Huang, Yong Jiang and Remington C.H. Hu have been elected to the CNIT board, at the CNIT annual meeting held on Dec. 19, 2014.

China Information Technology, Inc. to Install 10,000 New Media Elevator Terminals in Fujian Province

China Information Technology, Inc. announced that the company was selected to install 10,000 cloud-based new media elevator terminals in Fujian province. Depending on specific terminals, revenues from these installations will be recognized through one-time terminal sales and recurring monthly platform service fees as well as through recurring monthly fees that include terminal rental and platform service fees. The terminals are expected to be installed by the end of 2015 encompassing over 1,000,000 people. The company's new media elevator terminals show advertisements and public information on 21.5-inch wall-mounted vertical displays with high-definition digital output. The multi-functional system enables advertising agencies to remotely manage all of its content. Through the CNIT Cloud-App-Terminal elevator platform, the same terminals transmit technical data on elevator operation to property management, elevator safety supervision and maintenance bureaus on a real-time basis.

China Information Technology, Inc. Enters into Five-Year Leasing and Service Contract

China Information Technology, Inc. announced that it has entered into a five-year leasing and service contract to install the company's cloud-based digital display terminals at the Changsha Huanghua International Airport and provide relevant services. Under the contract, the Company will receive recurring monthly fees that include display terminal rental and platform service fees. Through the CNIT Cloud-App-Terminal (CAT) transportation platform, the advertising agency client can manage all of its ad contents on the digital display terminals wirelessly. To be installed by December 2014, each of the digital display terminals is equipped with a 50-inch vertical screen and a 42-inch horizontal screen. These dual-screened terminals will display high-definition advertisement and public information near security checkpoints at the airport. Serving Changsha and nearby cities in Hunan province, the Changsha Huanghua International Airports is a regional transportation hub in central China and one of the major airports in China.


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