news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Reporter of Meijing: Ke Yang Editor of Meijing: Dong Xingsheng

On the evening of August 14, AsiaInfo Technologies(1675.HK, share price HK$5.22, market value HK$4.882 billion)Announce results for the first half of 2024.

During the reporting period, AsiaInfo achieved operating income of RMB 2.994 billion, a year-on-year decrease of 8.8%; and a net loss of RMB 70 million. AsiaInfo stated in its financial report that in the first half of 2024, the company was significantly under pressure on the prices of traditional business orders such as BSS (business support system), increased difficulty in business negotiations, and a significant delay in order progress, and its mid-term performance was under significant pressure.

At the AsiaInfo 2024 mid-year performance media communication meeting on August 15, AsiaInfo CEO Gao Nianshu told the media, including the reporter of the National Business Daily, that the company did encounter great challenges in the first half of the year, but the business is expected to rebound in the second half of the year. Based on the current situation, the full-year profit is expected to increase compared with last year. He said that the company will use new technologies such as large models to slow down the decline in revenue in the BSS field, and will continue to increase its efforts in new business to promote the expansion of products and solutions in the fields of transportation, government affairs, consumption, automobiles, finance, etc.

Traditional business revenue declined, and first-half performance was under pressure

Regarding the performance in the first half of the year, AsiaInfo Technologies stated in its financial report that in the first half of 2024, the company faced severe challenges. The external operating environment continued to show complexity and uncertainty. The investment budgets of corporate customers in various industries generally showed a tightening trend, especially in the communications industry. The growth slowed down and the investment cycle was at a trough. Operators' efforts to reduce costs increased sharply, resulting in significant pressure on the company's order prices, increased difficulty in business negotiations, and a significant delay in order progress. The revenue of traditional businesses such as BSS has been greatly impacted.