ASIAINFO TECH (01675) announced its performance for the year 2024 with a net profit attributable to equity holders of approximately 545 million yuan, an increase of 2.23% year-on-year.

ASIAINFO TECH (01675) announced its performance for the year 2024, with operating income of approximately RMB 6.646 billion. The company's equity holders' share of profit is approximately RMB 545 million, an increase of 2.23% compared to the previous year. Earnings per share is RMB 0.6. It is recommended to distribute a final dividend of HKD 0.252 per share and a special dividend of HKD 0.160 per share, totaling HKD 0.412 per share. In 2024, due to significant cost reduction by key customers and the company's focus on the development of new business quality, the company achieved an operating income of approximately RMB 6.646 billion, a decrease of 15.8% compared to the previous year. The revenue from the three new businesses was approximately RMB 2.599 billion (compared to RMB 2.899 billion in 2023), a decrease of 10.3%, accounting for 39.1% of total revenue, an increase of 2.4 percentage points from the previous year. To cope with the transformation of traditional business, the company implemented various cost reduction and efficiency improvement measures such as controlling the size of personnel, using AI tools to enhance delivery efficiency, strengthening centralized procurement, and providing a comprehensive government consumption platform. The cost control was effective, with a gross profit margin of 37.4%, maintaining stability. Net profit is approximately RMB 516 million, and the net profit margin increased to 7.8%, demonstrating good profitability. In 2025, the company will continue to adhere to a development strategy of seeking progress while maintaining stability. On one hand, it will consolidate its communication core business to ensure the stability of its business foundation. On the other hand, it will focus on three major growth points on top of promoting the development of the three new businesses: AI large model delivery business, 5G private network and applications, and data intelligence operations to promote higher quality development for the company.