HK Stock Market Move | ASIAINFO TECH (01675) rose more than 7% after its performance, with explosive growth in the application and delivery of AI large models. The company expects its full-year profit to exceed that of the previous year.

ASIAINFO TECH (01675) rose more than 7% after the performance report, reaching 7.13% as of press time, at HK$11.87, with a turnover of HK$2.11 billion. On the news front, ASIAINFO TECH announced its mid-year performance, with operating income of about 25.98 billion yuan. Of this, ICT support business income is about 21.18 billion yuan; digital operation business income is about 4.08 billion yuan; 5G private network and application business income is about 0.47 billion yuan, with orders in the first half of the year of about 0.82 billion yuan, a year-on-year increase of 51.7%; AI large model application and delivery business achieved explosive growth, with business income of about 0.26 billion yuan, a year-on-year increase of 76 times, and orders in the first half of the year of about 0.7 billion yuan, a year-on-year increase of 78 times. The announcement stated that, in response to the transformation challenges of the ICT support business, the company has actively implemented measures, such as using AI tools to improve efficiency, strengthening centralized procurement, building a one-stop public consumption platform, optimizing personnel structure, and a series of cost reduction and efficiency enhancement measures. Cost control has been effective. The company's gross profit in the first half of the year was about 7.83 billion yuan, an increase of 6.1% year-on-year; gross profit margin was 30.1%, up 5.4 percentage points year-on-year. Operating cash flow improvement improved by 35.3% year-on-year. Excluding one-time severance compensation for personnel structure optimization, the net loss for the period was about 0.48 billion yuan, compared to a net loss of about 0.7 billion yuan in the same period last year. The company expects net profit in the second half of the year to continue to rise, with profits expected to exceed last year's.