ASIAINFO TECH (01675) surged over 4% in early trading, reaching HK$9.06 with a turnover of HK$26.85 million. The company reported Q3 revenue of approximately RMB3.968 billion and a net loss of RMB177 million. Excluding one-time severance compensation costs related to workforce optimization, the adjusted net loss narrowed to RMB10 million.

The company noted a significant improvement in revenue decline compared to the first half of the year, with net losses substantially reduced. Excluding one-time compensation expenses, it nearly achieved breakeven. ASIAINFO TECH expects Q4 performance to outperform Q3 significantly, projecting stable full-year results after adjusting for one-time costs.

Additionally, the company has aggressively expanded its AI large-model application and delivery business, establishing a sustainable operational framework. This initiative has driven "AI+" adoption across industries, generating over RMB75 million in revenue—a 26-fold year-on-year increase and nearly triple the growth from the first half. Order intake surpassed RMB150 million, reflecting explosive growth.