Recommends a final dividend of HK$0.252 per share and a special dividend of HK$0.16 per share Results highlights: Leverage on the mature cost control mechanism and the well-controlled cost, gross profit margin remained stable. Profit for the year was approximately RMB516 million, achieving a full-year profit better than last year. Profit margin increased by 1.3 percentage points to 7.8%, maintaining good and healthy profitability. Gross profit margin remained stable at 37.4%, reflecting the effectiveness of cost reduction, efficiency enhancement and cost control initiatives. Revenue amounted to approximately RMB6,646 million. Revenue from the Three New business1 amounted to approximately RMB2,599 million, accounting for approximately 39.1% of its total revenue and representing a year-on-year increase of 2.4 percentage points. Attached great importance to Shareholders’ interests and returns, and has recommended a final dividend of HK$0.252 per share, representing a final dividend payout ratio of 40% of profit for the year. Including the special dividend of HK$0.16 per share declared, the total dividend for 2024 will be HK$0.412 per share. Future prospects: In 2025, the Company will adhere to the development strategy of seeking progress while maintaining stability, consolidating the foundation of the main business of telecommunications to ensure the stability of the business fundamentals. Building on the firm advancement of the Three New business and focusing on laying out the three major strategic growth points: AI large model delivery business, 5G private network and application, and digital intelligence operation, so as to promote the Company to achieve higher quality development. HONG KONG SAR – Media OutReach Newswire – 11 March 2025 – AsiaInfo Technologies Limited (“AsiaInfo Technologies” or the “Company”, which together with its subsidiaries, is referred to as the “Group”; HKEX stock code: 01675), is pleased to announce its annual results for the year ended 31 December 2024. In 2024, the Company continued to advance its strategic transformation, strengthen its ability to empower industries and digital transformation through the combination of technological innovations such as artificial intelligence and big data, and promote its business deployment in various application areas. However, due to the impact of corporate customers, especially operator customers, who continued to significantly reduce costs due to their own growth pressure, the revenue amounted to approximately RMB6,646 million, representing a year-on-year decrease of 15.8%. Among them, the revenue from the Three New business amounted to approximately RMB2,599 million, decreasing by 10.3% year-on-year, which accounted for 39.1% of total revenue representing a year-on-year increase of 2.4 percentage points. To cope with the transformation of traditional businesses, the Company achieved remarkable cost control through various cost reductions and efficiency enhancement initiatives such as using AI tools to enhance delivery efficiency, strengthening centralised procurement and full coverage of one-stop official consumption platforms, etc., and the gross profit margin stood at 37.4%, remaining stable. Profit for the year was approximately RMB516 million, with the net profit margin increased to 7.8%, representing an increase of 1.3 percentage points as compared with last year, still maintaining a good profitability. The Board has attached great importance to Shareholders’ interests and returns, and after giving due consideration to the Company’s business development, profitability, and cash flow level, and has recommended a final dividend of HK$0.252 per share, representing a final dividend payout ratio of 40% of profit for the year. Including the special dividend of HK$0.16 per share declared, the total dividend for 2024 will be HK$0.412 per share. Digital Intelligence-driven Operation Business Stabilises and Rebounds In 2024, the Company continued to deepen its focus on telecommunications, automobile, consumer and finance industries, and cooperated closely with Volcano Engine as a core ISV, and built a lifecycle private domain operation platform based on enterprise WeChat to create an integrated online and offline operation system. In addition, through model innovation and the establishment of advantages in “AI+Big Data”, the Company has achieved significant growth in the automobile, consumer, finance and other industries. Digital intelligence-driven operation business revenue stabilised and rebounded in 2024, achieving a revenue of approximately RMB1,106 million, representing an increase of 0.4% year-on-year, accounting for 16.6% of total revenue, and revenue from results-based and commission-based charging models accounted for 25.4% of the revenue of the digital intelligence-driven operation business. The Company will accelerate the scale development of the results-based charging business model, and strive to become a leading enterprise in the results-based charging model industry. Vertical Industries Digital Business Prioritized Quality to Refocus on its Development Direction In 2024, the Company continued to be empowered by 5G, big data, AI and other innovative technologies, focusing on key industries such as energy, transportation, government affairs, etc., to create industrialised products and solutions, and to grasp opportunities for the upgrading of the vertical industries digitalisation and intelligent transformation. In the vertical industries market, the Company focuses on two major fields, the development of 5G private network and application, and large model application and delivery. By the end of 2024, the Company’s 5G private network has cumulatively shipped 50 sets of core networks and more than 21,000 base stations. The Company will form differentiated competitive advantages by providing industry-specific 5G private network products and intelligent applications, striving to become a leading company in the field of 5G private networks and applications The business expansion in vertical industries involves large-scale customer orders, which means that revenue is significantly impacted by individual orders, leading to considerable volatility. The Company also paid more attention to the balance control of the pace of development and quality. Leveraging its mature order quality accessment procedure, the Company precisely identified and proactively gave up high-risk and large-scale government and enterprise orders exceeding RMB1 billion. Meanwhile, this segment of business experienced a revenue decline from RMB965 million to RMB676 million in 2024 due to the construction cycle and adjustments of the 5G private network for nuclear power, accounting for 10.2% of the Company’ s total revenue. Large Model Delivery Business Gains Momentum AsiaInfo Technologies was the earliest to start and the fastest to implement the large model delivery business. It has established long-term cooperative relationships with leading
