Highlights- Overall operation achieved a sound growth momentum with new orders growth of over 30% year-on-year;
- Revenue amounted to approximately RMB3,109 million, up by 14.5% year on year;
- Revenue from Three New Business surpassed RMB1 billion for the first time in a half-year, up by 81.4% year on year, and its proportion to the total revenue increased to 32.3%;
- COVID-19 caused the delay in delivery and inspection of projects, creating short-term pressure on profits. Net profit2 (excluding share-based compensation expenses) amounted to approximately RMB262 million;
- The net profit margin (excluding share-based compensation expenses) was 8.4%; and
- With the ease of the epidemic, the positive momentum in revenue growth will be maintained and net profit will restore its growth momentum for the full year.
HONG KONG SAR -
Media OutReach -
8 August 2022 - AsiaInfo Technologies Limited (“AsiaInfo Technologies” or “the Company” and its subsidiaries (collectively, “the Group”), stock code: 1675.HK) is pleased to announce the unaudited consolidated interim results of the Company for the six months ended 30 June 2022 (the “Reporting Period”).Despite COVID-19, revenue growth sustained and increased by 14.5% year-on-yearWith the official release of The Plan for Development of the Digital Economy in 14th Five-Year Plan Period, digital economy development plans have been issued and implemented rapidly in various regions, and digital technology is being fully integrated into the economy, people's livelihood and other key areas. Facing the trend of digital transformation in the whole society, in the first half of 2022, guided by the business strategy of “One consolidation, Three developments”, the overall operating results of the Company maintained a sound growth momentum.During the Reporting Period, new orders of the Company increased by over 30% year-on-year. The revenue of the Company amounted to approximately RMB3,109 million, up by 14.5% year on year. Among them, the revenue from the Three New Business amounted to approximately RMB1,004 million, up by 81.4% year-on-year, and its proportion to the total revenue increased to 32.3%.In terms of profits, affected by COVID-19, the entry, delivery and acceptance of several projects of the Company were delayed, resulting in short-term pressure on profits. Gross profit reached approximately RMB1,054 million, up by 5.6% year-on-year. Excluding the share-based compensation expenses, the net profit amounted to approximately RMB262 million. With the ease of the pandemic in various regions after June, economic activities gradually resumed, driving the sustained and robust order bookings and the improvement of delivery efficiency, and the Company expected to maintain a sound momentum of revenue growth and the net profit is to restore its growth momentum for the full year.The Board, after taking into full consideration of various factors including Shareholders’ returns, profitability, cash flow level and capital needs for future development of the Company, had decided not to distribute interim dividend for the Reporting Period and proposed to maintain the dividend payout ratio guidance of not less than 40% of the net profit for the year 2022.Three New Business maintained fast growth with business structure optimized remarkablyIn the first half of this year, the Company continued to implement the business strategy of “One consolidation, Three developments”. While continuing reinforcing its leading position in the Business Support Systems (“BSS”) market, Three New business showed solid growth momentum, and has become the main driving force for the rapid growth of the overall revenue.For the DSaaS business, the Company completed the acquisition of iResearch Consultingat the beginning of the year,enhancing the DSaaS and intelligent decision-making capability and optimizing the revenue structure. During the first half of the year, the proportion of the revenue from industries outside the communications industry increased to nearly 40%. Moreover, the Company continued to innovate business models. Among them, the results-based and commission-based charging model helped improve customer trust, satisfaction and stickiness and was replicated at multiple customers in scale in the first half of 2022, and its proportion to the revenue of DSaaS (excluding iResearch Consulting revenue) increased to nearly 30%. During the first half of 2022, the Company’s DSaaS business achieved a revenue of approximately RMB484 million, up by 56.7% year-on-year, and its proportion to the total revenue reached 15.6%.For vertical industries and enterprise cloudification, in the first half of 2022, the Company continued its focus on the five strategic industries, widenedits footprint in the industries of government affairs, energy, transportation, finance and postal services, and achieved significant growth in business scale. A...
Read more: AsiaInfo Announces 2022 Interim Revenue up by 15% and New Orders up by Over 30%
