HK Stock Movement | ASIAINFO TECH (01675) Rises Over 4% in Early Trading with Q3 Revenue Near RMB4 Billion; Q4 Performance Expected to Outshine Q3

Stock News
Oct 30

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10