AsiaInfo Technologies Limited (HK:1675) has released an update.
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AsiaInfo Technologies Limited has issued a profit warning, forecasting a net loss of RMB 70 million to 120 million for the first half of 2024, contrasting sharply with the net profit of RMB 212 million in the same period of 2023. The anticipated downturn is attributed to challenges such as an uncertain external operation environment impacting customer investment in IT systems, pressure on order volumes from telecom operators, and a strategic shift towards high-quality new business development. The company is adapting to these challenges by leveraging new technologies and strategic initiatives aimed at long-term positive growth, while also emphasizing cost control and efficiency.
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