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 8.7%, which is higher than the industry average of 1.5%. 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. New Risk • Mar 24
New major risk - Revenue and earnings growth Earnings have declined by 13% 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 13% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (252% cash payout ratio). Announcement • 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 09
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). Announcement • 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. Buy Or Sell Opportunity • Jan 12
Now 23% overvalued Over the last 90 days, the stock has fallen 4.6% to €0.93. The fair value is estimated to be €0.76, 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. Reported Earnings • Aug 05
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 9.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. 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 7% 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 18% After last week's 18% share price gain to €1.18, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 25x in the Software industry in Germany. Total loss to shareholders of 8.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.69 per share. Announcement • 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 Announcement • 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. Announcement • 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%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (0.9%). Buy Or Sell Opportunity • Mar 31
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to €1.02. The fair value is estimated to be €0.83, 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. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.07, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Software industry in Germany. Total returns to shareholders of 44% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €0.83 per share. Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: CN¥0.60 (vs CN¥0.58 in FY 2023) 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 is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Announcement • 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. Announcement • 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 German stocks, typically moving 6.3% 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 (6.3% 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 14
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to €1.12, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Software industry in Germany. Total returns to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.20 per share. Announcement • 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 €7.2m worth of stock On the 24th of October, Jianhua Ding sold around 12m shares on-market at roughly €0.62 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 €7.9m more than they bought in the last 12 months. Announcement • 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. Reported Earnings • Aug 18
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 10% growth forecast for the Software industry in Germany. Announcement • 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. Announcement • 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 New Risk • Jul 22
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 German stocks, typically moving 6.9% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.8% net profit margin). Reported Earnings • Apr 28
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). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Board Change • Apr 02
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. 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 following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • 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.