AsiaInfo Technologies Limited (AsiaInfo Tech) reported unaudited revenue of RMB 994.00 million for the three months ended 31 March 2026, down 6.9% year on year. The period closed with a net loss of RMB 308.00 million, an improvement of 14.0% from the prior-year quarter. Excluding one-off severance expenses tied to workforce optimisation, the adjusted net loss narrowed 28.6% to RMB 189.00 million.
As of 31 March 2026, total assets stood at RMB 9.31 billion, while net assets were RMB 6.12 billion.
Management attributed the first-quarter loss primarily to: 1) pronounced seasonality in customer procurement cycles, with revenue typically weighted to the second half; 2) strategic withdrawal from low-margin and labour-intensive ICT projects, which reduced top-line contribution; and 3) one-time compensation costs linked to ongoing organisational restructuring for the AI transition.
Despite the revenue decline, operating margins continued to improve. The “AI First” strategy remained central during the quarter, with AI-related revenue in the smart digital operation segment posting close to 100% year-on-year growth.
In smart connectivity products, the company achieved several milestones: • Completion of the low-earth-orbit satellite Internet NTN “1st Call” in partnership with Gesi Aerospace, alongside proof-of-concept for spaceborne base stations and participation in Spacecom’s second-generation satellite development; • Inclusion of its Private 5G products in Gartner’s “Magic Quadrant for 4G and 5G Private Network Services” for the first time; • Continued industry-leading market share for 5G private networks in nuclear power applications.
Looking ahead, AsiaInfo Tech plans to deepen its AI-driven smart digital operations—focusing on intelligent agents, ecosystem collaboration and Physical AI—while pursuing dual growth engines in energy and aerospace intelligent connectivity, including satellite Internet initiatives.
The disclosed figures are based on management accounts and have not been reviewed or audited. Shareholders and potential investors are advised to exercise caution when interpreting this unaudited information.