Annonce • Jul 24
Asiainfo Technologies Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2026 AsiaInfo Technologies Limited provided group earnings guidance for the six months ended 30 June 2026. For the period, it is expected that the Group will record a revenue of approximately RMB 2.10 billion to RMB 2.30 billion for the six months ended 30 June 2026 (the "Period") (corresponding period in 2025: approximately RMB 2.598 billion), and a net loss of approximately RMB 460 million to RMB 490 million for the Period (corresponding period in 2025:
approximately RMB 202 million). Excluding the impact of one-off severance compensations arising from workforce restructuring optimisations, the Group is expected to record a net loss of approximately RMB240 million to RMB270 million for the Period. The decline in the Group's revenue and the increase in its net loss during the Period were primarily attributable to the following factors: Revenue from the telecom core system business has experienced temporary pressure. Due to reduced investment in the telecommunications industry and cyclical and structural adjustments to investment patterns, the Company's business progress has moderated; The optimisation of the business structure had a temporary impact on revenue during the Period. In order to further enhance business quality and operational efficiency, the Group has proactively discontinued or scaled back certain inefficient traditional ICT projects for government and enterprise clients, as well as traditional businesses that are highly labour-intensive, which resulted in a significant overall year-on-year decline in revenue for the Period; and One-off expenditures arising from the organization and workforce restructuring optimisation. In order to actively adapt to the business development needs of the AI era, the Group has continued to drive forward organisational transformation and upgrading, as well as workforce restructuring optimisations; as a result, one-off expenditures such as severance compensation for employees increased year-on-year during the Period. Meanwhile, the Group has increased its investment in enhancing the AI capabilities of its employees, focusing on building an agile organisation and talent pipeline adapted to the AI era.Despite the pressure on its short-term performance, the Company has remained firmlycommitted to its "AI First" strategy. While stabilising its core businesses, it has proactively expanded into emerging businesses in response to industry developments and customers' transformation trends, and has achieved phased progress, mainly including the following: The AI-related business (smart digital operation business) has achieved accelerated growth. The Company is accelerating the deep integration of its AI capabilities with industry-specific scenarios, and its transformation towards new business lines and optimisation of its revenue structure are gradually proving successful; The Physical AI business is approaching the commercialisation phase. The Company launched its Physical AI product portfolio, leveraging its self-developed product matrix to empower the transformation and upgrading of physical manufacturing businesses, accelerating the large-scale commercialisation of its products, and supporting China's intelligent manufacturing industry in rapidly entering a new era of embodied intelligence; Positive progress has been made in the field of satellite internet. The Company launched its "Satellite-Terrestrial Intelligent Connectivity" product portfolio, comprising hardware products such as satellite gateway core network, spaceborne ase station and spaceborne core network, together with a suite of software products. The portfolio provides satellite operators and industry customers with three core capabilities -- connectivity, orchestration and governance -- thereby systematically addressing key challenges related to operations, commercialisation, trustworthiness and controllability. The Company's full-stack satellite internet infrastructure has been integrated into key nodes and commercial applications within China's low-Earth orbit constellation system, forming a complete closed-loopprocess spanning from product validation through to commercial deployment and scalable replication; and The Token operations platform has successfully completed its launch validation. The Company has launched the "Tianshu" Token operations platform, which provides enterprises with end-to-end, closed-loop governance capabilities from computing power to tokens, and from costs to return-on-investment assessments, and has successfully completed the launch and validation of its first pilot project. New Risk • Jun 19
New major risk - Revenue and earnings growth Earnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Buy Or Sell Opportunity • Jun 09
Now 20% overvalued Over the last 90 days, the stock has fallen 26% to HK$4.93. The fair value is estimated to be HK$4.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.3% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 521% in the next 2 years. Annonce • May 28
Asiainfo Technologies Limited Declares Final Dividend for the Year Ended December 31, 2025 AsiaInfo Technologies Limited declared final dividend of 0.054 per share for the year ended December 31, 2025, at the AGM held on May 28, 2026. Annonce • May 26
Asiainfo Technologies Limited Announces Resignation of Tao Ping from Independent Non-Executive Director and Committee Roles, Effective May 26, 2026 AsiaInfo Technologies Limited announced that Ms. Tao Ping resigned as an independent non-executive Director of the Company and ceased to serve as a member of the audit committee and the nomination committee of the Company, with effect from May 26, 2026 in order to devote more time to her personal commitment. Upcoming Dividend • May 26
Upcoming dividend of HK$0.054 per share Eligible shareholders must have bought the stock before 01 June 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (2.9%). New Risk • Mar 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 60% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Declared Dividend • Mar 25
Dividend of HK$0.054 announced Shareholders will receive a dividend of HK$0.054. Ex-date: 1st June 2026 Payment date: 22nd June 2026 Dividend yield will be 0.9%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 156% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annonce • Mar 11
AsiaInfo Technologies Limited to Report Fiscal Year 2025 Results on Mar 23, 2026 AsiaInfo Technologies Limited announced that they will report fiscal year 2025 results on Mar 23, 2026 New Risk • Mar 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by cash flows (252% cash payout ratio). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$6.26, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 42x in the Software industry in Hong Kong. Total loss to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$5.08 per share. Annonce • Jan 22
AsiaInfo Technologies Limited Provides Earnings Guidance for the Year Ended 31 December 2025 AsiaInfo Technologies Limited provided earnings guidance for the year ended 31 December 2025. It is expected that the operating revenue of the Group for the year ended 31 December 2025 (the "Period") will be approximately RMB 6.20 billion to RMB 6.35 billion (2024: approximately RMB 6.646 billion), while the net profit for the Period will be approximately RMB 70 million to RMB 110 million (2024: approximately RMB 516 million), and the net cash inflow from operating activities will be approximately RMB 400 million (2024: net outflow of approximately RMB 100 million). The decrease in the Group's net profit for the Period was partly attributable to the effects of the non-operating items, which have no adverse impact on the Group's daily operations and long-term business development. It is primarily due to the one-time severance compensation of approximately RMB175 million arising from personnel restructuring optimisation. Excluding the effects of the non-operating items, the Group's net profit for the Period is expected to be approximately RMB 250 million to RMB 290 million. Additionally, the Company actively navigated severe and complicated external environments and overcame pressures and challenges, achieving improvements or enhancements in certain business segments and performance. Major achievements include: i) transformation and innovation in traditional businesses, with proactive measures taken to address the cost-reduction and efficiency-enhancement pressure from operator customers. As a result, the downward trend in operator market revenue has been significantly controlled and improved, with the high double-digit decrease in 2024 substantially narrowed to a mid single-digit decrease in 2025; ii) capitalising on our continued expansion and investment in AI delivery and other areas by building a sustainable AI delivery system while deepening collaboration with leading companies like Alibaba Cloud and NVIDIA, we achieved substantial growth in revenue and orders and maintained a robust pipeline of business opportunities, with increased proactive investments in areas such as physical AI and satellite internet; and iii) our operating cash flow has changed from a net outflow in 2024 to a net inflow due to significant improvement in receivables collection. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$9.38, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 34x in the Software industry in Hong Kong. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$7.09 per share. Buy Or Sell Opportunity • Jan 12
Now 23% overvalued Over the last 90 days, the stock has fallen 2.5% to HK$8.74. The fair value is estimated to be HK$7.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$9.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 33x in the Software industry in Hong Kong. Total returns to shareholders of 9.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$5.53 per share. Major Estimate Revision • Aug 13
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.675 to CN¥0.54 per share. Revenue forecast steady at CN¥6.96b. Net income forecast to grow 47% next year vs 64% growth forecast for Software industry in Hong Kong. Consensus price target up from HK$12.70 to HK$13.00. Share price fell 3.4% to HK$10.94 over the past week. Reported Earnings • Aug 06
First half 2025 earnings released: CN¥0.22 loss per share (vs CN¥0.065 loss in 1H 2024) First half 2025 results: CN¥0.22 loss per share (further deteriorated from CN¥0.065 loss in 1H 2024). Revenue: CN¥2.60b (down 13% from 1H 2024). Net loss: CN¥198.3m (loss widened 233% from 1H 2024). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$11.10, the stock trades at a forward P/E ratio of 15x. Average trailing P/E is 25x in the Software industry in Hong Kong. Total returns to shareholders of 5.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$6.54 per share. Annonce • Jul 15
AsiaInfo Technologies Limited to Report First Half, 2025 Results on Aug 04, 2025 AsiaInfo Technologies Limited announced that they will report first half, 2025 results on Aug 04, 2025 Annonce • May 29
AsiaInfo Technologies Limited Declares Final Dividend for the Year Ended 31 December 2024 AsiaInfo Technologies Limited at its Annual General Meeting held on 28 May 2025, approved to declare a final dividend of HKD 0.252 per Share for the year ended 31 December 2024. Annonce • May 28
AsiaInfo Technologies Limited Declares Special Dividend AsiaInfo Technologies Limited at its Annual General Meeting held on 28 May 2025, approved to declare a special dividend of HKD 0.160 per Share. Upcoming Dividend • May 23
Upcoming dividend of HK$0.41 per share Eligible shareholders must have bought the stock before 30 May 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.0%). Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$10.58, the stock trades at a forward P/E ratio of 15x. Average trailing P/E is 25x in the Software industry in Hong Kong. Total loss to shareholders of 3.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$6.76 per share. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to HK$6.85, the stock trades at a forward P/E ratio of 10x. Average trailing P/E is 25x in the Software industry in Hong Kong. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$6.80 per share. Buy Or Sell Opportunity • Mar 31
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to HK$8.90. The fair value is estimated to be HK$7.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Mar 11
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.60 (up from CN¥0.58 in FY 2023). Revenue: CN¥6.65b (down 16% from FY 2023). Net income: CN¥544.9m (up 2.2% from FY 2023). Profit margin: 8.2% (up from 6.8% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 3.3%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annonce • Mar 11
AsiaInfo Technologies Limited, Annual General Meeting, May 28, 2025 AsiaInfo Technologies Limited, Annual General Meeting, May 28, 2025, at 10:00 China Standard Time. Annonce • Feb 26
AsiaInfo Technologies Limited to Report Fiscal Year 2024 Results on Mar 10, 2025 AsiaInfo Technologies Limited announced that they will report fiscal year 2024 results on Mar 10, 2025 New Risk • Feb 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 133% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$6.78, the stock trades at a forward P/E ratio of 8x. Average trailing P/E is 24x in the Software industry in Hong Kong. Total loss to shareholders of 43% over the past three years. Annonce • Nov 11
Asiainfo Technologies Limited Announces Board and Committee Changes AsiaInfo Technologies Limited announced changes in Directors which have taken place immediately upon Completion: Resignations: Mr. XIN Yuesheng resigned as an executive Director; Mr. CHENG Xike resigned as a non-executive Director; Dr. GAO Jack Qunyao resigned as an independent non-executive Director. Appointments: Mr. KWOK Bernard Chuen Wah (Mr. KWOK) has been appointed as an executive Director; Mr. HE Zheng (Mr. HE) has been appointed as a non-executive Director;
Mr. JIANG Jian (Mr. JIANG) has been appointed as a non-executive Director; and Dr. WANG Lei (Dr. WANG) has been appointed as an independent non-executive Director. Following the effective changes to the Board as detailed above, the composition of the various Board committees has also been changed as follows: Audit Committee: Mr. Ge Ming- Chairman; Ms. Tao Ping and Dr. Wang Lei- Members. Remuneration Committee: Dr. Zhang Ya-Qin-chairman, Mr. He Zheng and Mr. Ge Ming- members. Nomination Committee: Dr. Tian Suning – Chairman; Mr. Gao Nianshu, Ms. Liu Hong- Member, Dr. Zhang Ya-Qin, Mr. Ge Ming, Ms. Tao Ping and Dr. Wang Lei - Members. Strategy and Investment Committee: Mr. He Zheng- chairman; Dr. Tian Suning, Mr. Gao Nianshu, Mr. Kwok Bernard Chuen Wah, Mr. Yang Lin and Ms. Liu Hong - Members. Recent Insider Transactions • Nov 01
Non-Executive Director recently sold HK$60m worth of stock On the 24th of October, Jianhua Ding sold around 12m shares on-market at roughly HK$5.22 per share. This transaction amounted to 91% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$67m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$5.05, the stock trades at a forward P/E ratio of 6x. Average trailing P/E is 17x in the Software industry in Hong Kong. Total loss to shareholders of 53% over the past three years. Annonce • Sep 30
Asiainfo Technologies Limited Announces Resignation of Zhang Yichen as A Non-Executive Director AsiaInfo Technologies Limited announces that Mr. ZHANG Yichen (``Mr. ZHANG'') has tendered his resignation as a non-executive director of the Company with effect from 29 September 2024 in order to devote more time to his personal commitments. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$5.75, the stock trades at a forward P/E ratio of 7x. Average trailing P/E is 18x in the Software industry in Hong Kong. Total loss to shareholders of 48% over the past three years. Major Estimate Revision • Sep 06
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.79 to CN¥0.71 per share. Revenue forecast steady at CN¥7.89b. Net income forecast to grow 170% next year vs 69% growth forecast for Software industry in Hong Kong. Consensus price target down from HK$9.90 to HK$7.99. Share price was steady at HK$5.12 over the past week. Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥8.24b to CN¥7.97b. EPS estimate also fell from CN¥0.983 per share to CN¥0.79 per share. Net income forecast to grow 201% next year vs 63% growth forecast for Software industry in Hong Kong. Consensus price target down from HK$10.91 to HK$9.79. Share price rose 12% to HK$5.23 over the past week. Reported Earnings • Aug 17
First half 2024 earnings released: CN¥0.065 loss per share (vs CN¥0.24 profit in 1H 2023) First half 2024 results: CN¥0.065 loss per share (down from CN¥0.24 profit in 1H 2023). Revenue: CN¥2.99b (down 8.8% from 1H 2023). Net loss: CN¥59.5m (down 128% from profit in 1H 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Annonce • Aug 15
AsiaInfo Technologies Limited Provides Guidance of the Final Dividend for the Year of 2024 AsiaInfo Technologies Limited announced that after giving due consideration to the Company's business development, profitability and cash flow level, the guidance of the final dividend for the year of 2024 is 40% of the annual net profit attributable to equity holders of the Company, and actively consider maintaining the amount of the final dividend per Share at a relatively stable level as compared to that of last year. Annonce • Aug 02
AsiaInfo Technologies Limited to Report Q2, 2024 Results on Aug 14, 2024 AsiaInfo Technologies Limited announced that they will report Q2, 2024 results on Aug 14, 2024 Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to HK$4.95, the stock trades at a forward P/E ratio of 5x. Average trailing P/E is 13x in the Software industry in Hong Kong. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$7.78 per share. Upcoming Dividend • Jun 27
Upcoming dividend of HK$0.41 per share Eligible shareholders must have bought the stock before 04 July 2024. Payment date: 22 July 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Hong Kong dividend payers (7.9%). Higher than average of industry peers (4.4%). Reported Earnings • Apr 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥0.58 (down from CN¥0.92 in FY 2022). Revenue: CN¥7.89b (up 2.0% from FY 2022). Net income: CN¥533.0m (down 36% from FY 2022). Profit margin: 6.8% (down from 11% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Annonce • Mar 21
Asiainfo Technologies Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 22 July 2024 AsiaInfo Technologies Limited proposed final dividend of HKD 0.412 per share for the year ended December 31, 2023. Date of shareholders' approval is 28 June 2024, Ex-dividend date is July 4, 2024, Record date is 11 July 2024 and Payment date is 22 July 2024. New Risk • Mar 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.8% net profit margin). Annonce • Mar 19
AsiaInfo Technologies Limited, Annual General Meeting, Jun 28, 2024 AsiaInfo Technologies Limited, Annual General Meeting, Jun 28, 2024, at 10:00 China Standard Time. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: CN¥0.58 (vs CN¥0.92 in FY 2022) Full year 2023 results: EPS: CN¥0.58 (down from CN¥0.92 in FY 2022). Revenue: CN¥7.89b (up 2.0% from FY 2022). Net income: CN¥533.0m (down 36% from FY 2022). Profit margin: 6.8% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Annonce • Feb 21
AsiaInfo Technologies Limited to Report Fiscal Year 2023 Results on Mar 18, 2024 AsiaInfo Technologies Limited announced that they will report fiscal year 2023 results on Mar 18, 2024 Annonce • Feb 09
Asiainfo Technologies Limited Provides Earnings Guidance for the Year Ended 31 December 2023 AsiaInfo Technologies Limited provided earnings guidance for the year ended 31 December 2023. For the year, company expects operating revenue of the Group will increase by approximately 0.5% to 2.5% (2022: approximately RMB 7.738 billion) as compared to that of the previous year, and the profit for the period will decrease by approximately 37% to 43% (2022: approximately RMB 824 million) as compared to that of the previous year. Annonce • Dec 28
Asiainfo Technologies Limited Announces Board Changes AsiaInfo Technologies Limited announced that Mr. XIN Yuesheng has been redesignated from a non-executive Director to an executive Director with effect from 28 December 2023. Mr. XIN Yuesheng, aged 53, was appointed as a non-executive Director in June 2018. Mr. XIN currently serves as a senior managing director of CITIC Capital Holdings Limited and the managing partner of its private equity arm CITIC Capital Partners. He joined the firm in August 2002 and is responsible for the private equity investment business in China since 2004. Between December 1999 and August 2002, he served as a management consultant at McKinsey & Company in Shanghai and the Washington, D.C. to develop business strategies for global clients. From August 1992 to April 1996, Mr. XIN also served as a deputy manager for China Leasing Co. Ltd. (), the leasing company in China and a subsidiary of CITIC Group Corporation Ltd. Mr. XIN served as a director of Focus Media Information Technology Co. Ltd. () (listed on the Shenzhen Stock Exchange) from March 2016 to November 2016. He obtained a Bachelor of Economics degree from the Peking University in July 1992 and a Master of Business Administration degree from Harvard Business School with honors in June 1999. Mr. XIN joined the Group in August 2016. He has over 28 years of experience in finance and investment and is primarily responsible for providing professional opinion and judgment to the Board. He has accumulated extensive management and strategic planning experience, particularly in the areas of corporate management, strategic planning and investment and financing, and has brought valuable advice and perspectives to the Board in the past. Following the redesignation of Mr. XIN from a non-executive Director to an executive Director, he will be primarily responsible for assisting the Company in strategic direction and planning. His past management experience and expertise, as well as his years of accumulation in strategic planning, will be beneficial to the Company in enhancing its management standard, strengthening its synergy and expanding its competitive advantages. The Board further announces that Mr. DING Jian has been redesignated from an executive Director to a non-executive Director with effect from 28 December 2023. Below are the biographical details of Mr. DING: Mr. DING Jian, aged 58, was appointed as an executive Director in June 2018. Mr. DING joined the Group in January 2014. Mr. DING has over 17 years of experience in investment in the telecommunications, media and technology industries. Mr. DING served as the chairman of the board of AsiaInfo-Linkage Inc. between April 2003 and July 2010, and has also served as a co-chairman since July 2010. Mr. DING is currently a managing director and general partner of GSR Ventures, a venture capital fund, a role in which he has served since June 2005. Mr. DING has been serving as an independent non-executive director of Baidu Inc. () (listed on NASDAQ and The Stock Exchange of Hong Kong Limited) since August 2005. Mr. DING served as an independent director of Huayi Brothers Media Corporation (listed on the Shenzhen Stock Exchange) from March 2011 to August 2017. Mr. DING obtained a Master of Library Science degree from the University of California, Los Angeles in September 1990. Upcoming Dividend • Dec 07
Upcoming dividend of HK$0.60 per share at 4.4% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 05 January 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Hong Kong dividend payers (8.5%). Higher than average of industry peers (0.9%). Annonce • Dec 05
AsiaInfo Technologies Limited Announces Special Dividend, Payable on 05 January 2024 AsiaInfo Technologies Limited announced special dividend of HKD 0.6 per share. Ex-dividend date is December 14, 2023, Record Date is December 21, 2023 and Payment Date is 05 January 2024. Reported Earnings • Aug 04
First half 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.21 in 1H 2022) First half 2023 results: EPS: CN¥0.24 (up from CN¥0.21 in 1H 2022). Revenue: CN¥3.28b (up 5.6% from 1H 2022). Net income: CN¥215.7m (up 13% from 1H 2022). Profit margin: 6.6% (up from 6.2% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Annonce • Jul 01
Asiainfo Technologies Limited to Report First Half, 2023 Results on Aug 02, 2023 Asiainfo Technologies Limited announced that they will report first half, 2023 results on Aug 02, 2023 Upcoming Dividend • May 23
Upcoming dividend of HK$0.40 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 16 June 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (0.8%). Recent Insider Transactions • Apr 04
Insider recently sold HK$1.4m worth of stock On the 31st of March, Tzu Lien Liu sold around 93k shares on-market at roughly HK$14.56 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought HK$2.8m more than they sold in the last 12 months. Reported Earnings • Mar 08
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: CN¥0.92 (up from CN¥0.86 in FY 2021). Revenue: CN¥7.74b (up 12% from FY 2021). Net income: CN¥831.8m (up 5.9% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 10
Asiainfo Technologies Limited to Report Fiscal Year 2022 Results on Mar 07, 2023 Asiainfo Technologies Limited announced that they will report fiscal year 2022 results on Mar 07, 2023 Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 17% share price gain to HK$12.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 27x in the Software industry in Asia. Total returns to shareholders of 51% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Ping Tao was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$9.48, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 26x in the Software industry in Asia. Total returns to shareholders of 22% over the past three years. Recent Insider Transactions • Aug 20
CEO & Executive Director recently bought HK$2.3m worth of stock On the 17th of August, Nianshu Gao bought around 205k shares on-market at roughly HK$11.13 per share. This was the largest purchase by an insider in the last 3 months. Nianshu has been a buyer over the last 12 months, purchasing a net total of HK$6.8m worth in shares. Annonce • Aug 09
Asiainfo Technologies Limited Provides Earnings Guidance for the Year 2022 Asiainfo Technologies Limited provided earnings guidance for the year 2022. The company will maintain a positive momentum in revenuegrowth and restore the growth momentum in net profit for the full year 2022. Reported Earnings • Aug 09
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down CN¥279.8m from profit in 1H 2021). Profit margin: (down from 10% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 14%, compared to a 28% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annonce • Jul 26
Asiainfo Technologies Limited to Report First Half, 2022 Results on Aug 08, 2022 Asiainfo Technologies Limited announced that they will report first half, 2022 results on Aug 08, 2022 Upcoming Dividend • May 23
Upcoming dividend of HK$0.42 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 16 June 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (1.0%). Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥0.86 (up from CN¥0.85 in FY 2020). Revenue: CN¥6.89b (up 14% from FY 2020). Net income: CN¥785.7m (up 19% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 13%, compared to a 30% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. 