AsiaInfo Technologies Limited ( (HK:1675) ) has provided an announcement.
AsiaInfo Technologies Limited announced its annual results for the year ending December 31, 2024, highlighting a 15.8% decrease in revenue to approximately RMB6,646 million due to pressure on traditional business revenue in the telecommunications sector. Despite the revenue decline, the company maintained a stable gross profit margin and achieved a slight increase in profit, with a net profit margin of 7.8%. The board recommended a total dividend of HK$0.412 per share, reflecting a commitment to shareholder returns. Looking forward, AsiaInfo plans to focus on consolidating its telecommunications business while promoting growth in areas such as AI large model delivery, 5G private networks, and digital intelligence-driven operations to achieve higher quality development.
More about AsiaInfo Technologies Limited
AsiaInfo Technologies Limited operates in the telecommunications industry, providing services such as digital intelligence-driven operations, vertical industries digitization, and OSS business. The company is focused on leveraging AI and emerging technologies to enhance its service offerings and maintain a competitive edge in the market.
YTD Price Performance: 74.67%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €1.26B
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