Baidu announces strategic cooperation deal with China Gas

  • Internet company Baidu (NASDAQ:BIDU) has entered into a strategic cooperation agreement with China Gas Holdings (OTCPK:CGHOF) to drive digital transformation in the energy and power sector.
  • As part of the agreement, both parties will look to establish advanced digital management systems for China Gas; set up China Gas Digital Technology Committee to incorporate industry practices as industry standards; expand the "one city, one network" business with the assistance of AIoT, inspection robots, smart energy, and industry apps; and participate in the process of developing standards for carbon emissions peaking and neutrality.
  • In the first stage of the alliance, worth RMB 936M, Baidu will support China Gas' transition to the cloud, harnessing its artificial intelligence capabilities to build customized applications, including smart monitoring, smart scheduling, gas usage prediction, and smart customer services.

    For this year the company, based in Beijing revenue will be around 126.44 billion SEK. This is according to the average of the analysts' estimates. This is hugely more than 2021's revenue of 107.07 billion SEK.

    Historical revenues and results Baidu plus estimates 2021

    aandeel

    The analysts expect for 2021 a net profit of 20.34 billion SEK. For this year the consensus of Baidu 's result per share is a profit of 57.89 SEK. Based on this the price/earnings-ratio is 2.67.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the internet companies equals a limited 1.45 percent.

    Baidu 's market capitalization is based on the number of outstanding shares around 338.44 billion SEK. 24

    At 17.49 the stock trades 2.1 percent higher at 154.5 SEK.

    Historical stock prices Baidu2007-2021

    stock analysis baidu

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