ASIAINFO TECH Reports Q1 Revenue of Approximately RMB994 Million with Explosive Growth in Intelligent Data Operations

Stock News
Apr 27

ASIAINFO TECH (01675) announced its financial results for the three months ended March 31, 2026. The group's revenue reached approximately RMB 994 million. As of March 31, 2026, the group's total assets were approximately RMB 9.308 billion, and its net assets were approximately RMB 6.120 billion. Concurrently, the group is resolutely implementing its "AI First" strategy. During the first quarter of 2026, the company continued to deepen strategic collaborations with ecosystem partners such as Alibaba Cloud, Volcano Engine, Kimi, NVIDIA, and ABB, aiming to build a full-stack suite of AI products and services spanning from data to models to applications and operations. AI-related revenue—specifically from the Intelligent Data Operations business—experienced explosive growth, increasing by nearly 100% year-over-year. The Intelligent Connectivity product business also achieved several landmark breakthroughs: a successful first call was made in collaboration with G Space on a Low Earth Orbit satellite internet NTN connection, completing Proof-of-Concept validation for satellite-borne base stations and core networks, and participating in the planning for Yuanxin's second-generation satellites. Furthermore, the Private 5G product was selected for the first time in Gartner's Magic Quadrant for "4G and 5G Private Network Services," and the company maintained its leading market share in nuclear power 5G private networks. Looking ahead, the group will continue to adhere to its "AI First" development strategy. On one front, the Intelligent Data Operations business will focus on three key growth drivers: intelligent agent applications and operations, mutually beneficial AI ecosystems, and Physical AI, aiming to build long-term compounding value in digital-intelligent assets. On another front, the Intelligent Connectivity products will concentrate on developing dual growth engines: Smart Energy Connectivity and Aerospace Connectivity, making early strategic moves in satellite internet to provide sustained momentum for long-term growth.

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