- Leverage on the mature cost control mechanism and the well-controlled cost, gross profit margin remained stable. Profit for the year was approximately RMB516 million, achieving a full-year profit better than last year. Profit margin increased by 1.3 percentage points to 7.8%, maintaining good and healthy profitability.
- Gross profit margin remained stable at 37.4%, reflecting the effectiveness of cost reduction, efficiency enhancement and cost control initiatives.
- Revenue amounted to approximately RMB6,646 million. Revenue from the Three New business1 amounted to approximately RMB2,599 million, accounting for approximately 39.1% of its total revenue and representing a year-on-year increase of 2.4 percentage points.
- Attached great importance to Shareholders’ interests and returns, and has recommended a final dividend of HK$0.252 per share, representing a final dividend payout ratio of 40% of profit for the year. Including the special dividend of HK$0.16 per share declared, the total dividend for 2024 will be HK$0.412 per share.
- In 2025, the Company will adhere to the development strategy of seeking progress while maintaining stability, consolidating the foundation of the main business of telecommunications to ensure the stability of the business fundamentals.
- Building on the firm advancement of the Three New business and focusing on laying out the three major strategic growth points: AI large model delivery business, 5G private network and application, and digital intelligence operation, so as to promote the Company to achieve higher quality development.
HONG KONG SAR – Media OutReach Newswire – 11 March 2025 – AsiaInfo Technologies Limited (“AsiaInfo Technologies” or the “Company”, which together with its subsidiaries, is referred to as the “Group”; HKEX stock code: 01675), is pleased to announce its annual results for the year ended 31 December 2024.
In 2024, the Company continued to advance its strategic transformation, strengthen its ability to empower industries and digital transformation through the combination of technological innovations such as artificial intelligence and big data, and promote its business deployment in various application areas. However, due to the impact of corporate customers, especially operator customers, who continued to significantly reduce costs due to their own growth pressure, the revenue amounted to approximately RMB6,646 million, representing a year-on-year decrease of 15.8%. Among them, the revenue from the Three New business amounted to approximately RMB2,599 million, decreasing by 10.3% year-on-year, which accounted for 39.1% of total revenue representing a year-on-year increase of 2.4 percentage points.
To cope with the transformation of traditional businesses, the Company achieved remarkable cost control through various cost reductions and efficiency enhancement initiatives such as using AI tools to enhance delivery efficiency, strengthening centralised procurement and full coverage of one-stop official consumption platforms, etc., and the gross profit margin stood at 37.4%, remaining stable. Profit for the year was approximately RMB516 million, with the net profit margin increased to 7.8%, representing an increase of 1.3 percentage points as compared with last year, still maintaining a good profitability.
The Board has attached great importance to Shareholders’ interests and returns, and after giving due consideration to the Company’s business development, profitability, and cash flow level, and has recommended a final dividend of HK$0.252 per share, representing a final dividend payout ratio of 40% of profit for the year. Including the special dividend of HK$0.16 per share declared, the total dividend for 2024 will be HK$0.412 per share.
Digital
Intelligence-driven
Operation
Business
Stabilises
and
Rebounds
In
2024,
the
Company
continued
to
deepen
its
focus
on
telecommunications,
automobile,
consumer
and
finance
industries,
and
cooperated
closely
with
Volcano
Engine
as
a
core
ISV,
and
built
a
lifecycle
private
domain
operation
platform
based
on
enterprise
WeChat
to
create
an
integrated
online
and
offline
operation
system.
In
addition,
through
model
innovation
and
the
establishment
of
advantages
in
“AI+Big
Data”,
the
Company
has
achieved
significant
growth
in
the
automobile,
consumer,
finance
and
other
industries.
Digital
intelligence-driven
operation
business
revenue
stabilised
and
rebounded
in
2024,
achieving
a
revenue
of
approximately
RMB1,106
million,
representing
an
increase
of
0.4%
year-on-year,
accounting
for
16.6%
of
total
revenue,
and
revenue
from
results-based
and
commission-based
charging
models
accounted
for
25.4%
of
the
revenue
of
the
digital
intelligence-driven
operation
business.
The
Company
will
accelerate
the
scale
development
of
the
results-based
charging
business
model,
and
strive
to
become
a
leading
enterprise
in
the
results-based
charging
model
industry.
Vertical
Industries
Digital
Business
Prioritized
Quality
to
Refocus
on
its
Development
Direction
In
2024,
the
Company
continued
to
be
empowered
by
5G,
big
data,
AI
and
other
innovative
technologies,
focusing
on
key
industries
such
as
energy,
transportation,
government
affairs,
etc.,
to
create
industrialised
products
and
solutions,
and
to
grasp
opportunities
for
the
upgrading
of
the
vertical
industries
digitalisation
and
intelligent
transformation.
In
the
vertical
industries
market,
the
Company
focuses
on
two
major
fields,
the
development
of
5G
private
network
and
application,
and
large
model
application
and
delivery.
By
the
end
of
2024,
the
Company’s
5G
private
network
has
cumulatively
shipped
50
sets
of
core
networks
and
more
than
21,000
base
stations.
The
Company
will
form
differentiated
competitive
advantages
by
providing
industry-specific
5G
private
network
products
and
intelligent
applications,
striving
to
become
a
leading
company
in
the
field
of
5G
private
networks
and
applications
The business expansion in vertical industries involves large-scale customer orders, which means that revenue is significantly impacted by individual orders, leading to considerable volatility. The Company also paid more attention to the balance control of the pace of development and quality. Leveraging its mature order quality accessment procedure, the Company precisely identified and proactively gave up high-risk and large-scale government and enterprise orders exceeding RMB1 billion. Meanwhile, this segment of business experienced a revenue decline from RMB965 million to RMB676 million in 2024 due to the construction cycle and adjustments of the 5G private network for nuclear power, accounting for 10.2% of the Company’ s total revenue.
Large
Model
Delivery
Business
Gains
Momentum
AsiaInfo
Technologies
was
the
earliest
to
start
and
the
fastest
to
implement
the
large
model
delivery
business.
It
has
established
long-term
cooperative
relationships
with
leading
domestic
cloud
computing
and
large
model
vendors,
and
has
developed
and
accumulated
a
collection
of
delivery
tools
with
core
competitiveness
in
more
than
200
projects.
Additionally,
it
has
a
mature
team
and
management
experience
that
undergo
extensive
training
in
various
delivery
tasks
each
year,
forming
a
special
set
of
“planning
methodology
+
a
set
of
tools
+
a
professional
team”
for
the
large
model
delivery
system
of
AsiaInfo.
Through
a
highly
customised
large
model
business,
the
Company
addressed
the
complex
application
scenarios
of
large
model
for
the
leading
representational
clients
in
business,
defining
the
business
implementation
logic
and
standards,
and
building
a
formidable
business
stronghold
against
our
rivals
in
terms
of
industry
and
technology.
Long-tail
customers
ensured
a
continuous
project
revenue
and
profit
sources
by
means
of
software
subscription
and
standard
product
sales.
Through
strategic
cooperation
with
leading
cloud
vendors
and
large
model
vendors
such
as
Alibaba
Cloud,
Volcano
Engine,
Baidu
AI
Cloud,
DeepSeek,
etc.,
the
Company
has
constructed
an
endto-end
industry
large
model
solution
covering
vertical
fields
such
as
government
and
enterprise,
energy,
finance
and
transportation.
The
Company
will
firmly
implement
the
development
strategy
to
become
a
leading
enterprise
of
large
model
delivery
and
make
positive
contributions
to
the
development
of
large
model
application
by
leveraging
its
own
advantages
of
technology
accumulation
and
close
cooperative
relationships
with
major
foundational
large
model
manufacturers.
Decline
in
Traditional
Business,
Slight
Decline
in
OSS
Business
Before
the
arrival
of
6G,
the
overall
investment
in
the
telecommunications
industry
continued
to
be
in
a
cyclical
downturn.
The
Company’s
traditional
BSS
businesses
faced
the
need
for
transformation
and
upgrading,
to
reduce
costs
and
enhance
efficiency
to
cope
with
the
decline
in
traditional
business
revenue
and
to
increase
new
revenue
sources
through
technological
innovation
and
customer
expansion.
In
2024,
the
revenue
of
BSS
business
amounted
to
approximately
RMB3,948
million,
representing
a
year-on-year
decrease
of
19.1%;
while
the
revenue
of
OSS
business
was
approximately
RMB818
million,
a
slight
year-on-year
decrease
of
1.8%.
In terms of business development, the Company introduced innovative technologies such as “AI+” and “Large Model+” into traditional businesses to overcome challenges. In 2024, the Company made significant breakthroughs in the field of AI empowerment, with the total number of AI large model related projects exceeding 100, and business coverage continued to expand. In terms of customer development, the Company successfully acquired an important project of HKT (Hong Kong Telecom), and undertook the project, a Southeast Asia-based operator, further expanding the overseas market. The Company had successfully breaking through the OSS market of China Unicom to achieve breakthroughs in multiple provinces, and achieving breakthroughs in the OSS market of China Mobile in multiple provinces, which fully demonstrated the Company’s competitive advantages in the field of OSS and its business expansion capabilities.
Future
Prospects
Dr.
TIAN
Suning,
Chairman
and
Executive
Director
of
the
Group,
said,
“Looking
ahead
to
2025,
the
Company
will
adhere
to
the
development
strategy
of
seeking
progress
while
maintaining
stability,
on
the
one
hand,
consolidating
the
foundation
of
the
main
business
of
telecommunications
to
ensure
the
stability
of
business
fundamentals;
on
the
other
hand,
building
on
the
firm
advancement
of
the
Three
New
business
and
focusing
on
laying
out
the
three
major
strategic
growth
points:
the
AI
large
model
delivery
business,
5G
private
network
and
application,
and
digital
intelligence-driven
operation,
so
as
to
promote
the
Company
to
achieve
higher
quality
development.”
In the field of traditional businesses, the Company will realise refined operations through optimising operation modes, innovative management modes and reducing headcounts to improve efficiency, significantly improve cost-effectiveness, and ensure traditional businesses profitability. Specifically, the Company will integrate AI and large model technology and comprehensively upgrade the intelligence level of business support systems, focusing on promoting customer joint innovation and R&D cooperation, centralising and intensifying the construction of support systems, the localised substitution of M domain, and market development of new customers, so as to effectively alleviate the downward pressure of BSS business; and focus on centralising and intensifying the operation of layout network, application of “AI/large model/intelligent body+” technology, integration of resources in OSS market segments, and expansion of the network equipment business, and further expand our market share by continuously improving our technological capability and market penetration rate.
In the AI large model delivery business, the Company will expand its strategic cooperation with Alibaba Cloud, Baidu AI Cloud, Volcano Engine and other leading basic large model vendors, through resource integration and complementary advantages, collaboratively develop the large model application market and be committed to the industry leading enterprises. The Company will focus on refining the large model delivery platform construction, optimising the chain of delivery tools, innovating the delivery methodology, continuing to consolidate the core competitive advantages in delivery scale, quality control and cost optimisation, etc., and building a differentiated competitiveness with a high technology threshold.
In the field of 5G private network and application, the Company will further develop the integration of “5G+AI” technology, consolidate its leading position in nuclear power, new energy, mining and other advantageous industries, and continue to expand the market share of 5G private network solutions. At the same time, the Company will actively expand emerging application scenarios such as power network, petroleum and petrochemical, airport, port, etc., and provide customised 5G private network products and industry solutions that create a differentiated competitive advantage and strive to become a leading enterprise in the 5G private network field. The Company will build a complete 5G private network industry ecosystem through technological innovation and scenarios engagement to achieve continuous expansion of market coverage.
In the field of digital intelligence-driven operation business, the Company will focus on key industries such as telecommunications, automobile, consumer, finance, etc., continue to strengthen data governance, model algorithms and scenario application capabilities, and develop the synergistic innovation with operators, Volcano Engine, Lingyang, Tencent, and other strategic partners in the field of AI and big data. The Company will fully leverage the technical advantages of “AI+Big Data”, accelerate the scale development of the results-based charging business model, and strive to become a leading enterprise in the results-based charging model industry.
Hashtag: #AsiaInfoTechnologies
The issuer is solely responsible for the content of this announcement.
Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate