AsiaInfo Technologies Announces 2019 Annual Results:Seize New 5G Development Opportunities to Reach 3-year High in Profitability

2020-03-24 AsiaInfo


If not specified, the gain and loss data mentioned in this announcement are all generated from continuing operations of the Group

  • Revenue of the software business amounted to approximately RMB5,718.7 million, representing an increase of 10.1% as compared with last year.

  • Gross profit amounted to approximately RMB2,127.0 million, representing a yearon-year increase of 13.0%.

  • Gross profit margin reached 37.2%, representing an increase of 1.1 percentage points as compared with last year.

  • Profit for the year amounted to approximately RMB408.8 million, representing a year-on-year increase of 100.2%.

  • Adjusted net profit1 amounted to approximately RMB672.5 million, representing a year-on-year increase of 11.7%.

  • Adjusted net profit margin1 reached 11.8%, representing an increase of 0.2 percentage point as compared with last year.

  • A final dividend of HK$0.252 per share was proposed. Annual dividend payout ratio was 40%.

(24 March 2020 - Hong Kong) - AsiaInfo Technologies Limited (“AsiaInfo” or the “Company”, together with its subsidiaries, the “Group”, stock code: 1675.HK) announces its audited annual results for the year ended 31 December 2019 (During the“reported period”). In the reporting period, the operating results of the Company achieved a healthy growth with a double digit growth in both software business revenue and profit. Revenue from the software business for the year increased by 10.1% year-on-year to approximately RMB5,718.7 million, of which, the revenue from the data-driven operation services business increased dramatically to approximately RMB151.7 million, representing a year on-year increase of 83.9%. The adjusted net profit amounted to approximately RMB672.5 million, representing an increase of 11.7% year-on-year, and the adjusted net profit margin was 11.8%, representing a year-on-year increase of 0.2 percentage point, andprofitability reached the new high in the recent three years.

In 2019,the Company continuously reinforced its leading position in the BSS business operators market and fully supported the 5G commercial application. In the reporting period, the Company provided services to 247 telecom operator customers, representing an increase of 15.4% year-on-year, and achieved a customer retention rate of over 99%.

To assist operators to accelerate the development of the ability to support the operation in the integration of cloud and network, AsiaInfo firmly seized new opportunities in the online support system (“OSS”) sectors brought by the integration of B domain and O domain. AsiaInfo continued to collaborate with the research and development organizations or provincial companies under the three major operators to carry out 5G pilot cooperation. Based on the commercialized collaboration with operators in 9 pilot locations in the first half of the year, the Company had conducted 17 commercialized collaboration pilot works with operators.

In recent years, AsiaInfo has energetically expanded the data-driven operation (“DSaaS”) business, namely the data-driven Software-as-a-Service (“SaaS”) operation services. In 2019, the DSaaS business recorded a rapid increase in revenue of approximately RMB151.7 million.

In 2019, the Company accelerated its expansion into vertical industries market outside the telecom industry. Under the wave of enterprises cloudification and transformation,the Company cooperated with major cloud service providers with focus on relevant key industries to demonstrate integration abilities and to provide consultancy, planning and transfer services as well as cloud products to help enterprise customers transfer from traditional structures to cloud structures, and will gradually establish sub-business sectors, such as cloud resale, cloud management, cloud software, cloud value-added services and cloud customer operation and create the AsiaInfo cloud ecosystem. As of the end of 2019, the Company provided services to 59 large enterprise customers in the non-telecom industries, representing an increase of 55.3% as compared with the end of last year, and achieved a customer retention rate of over 99% for years.

Currently, the whole nation is combating the pandemic of novel coronavirus pneumonia or COVID-19. Meanwhile, the “big data platform for epidemic prevention and control” developed by AsiaInfo has obtained authoritative recommendations from China Academy of Information and Communications Technology (“CAICT”) and the Open Source Cloud Alliance for Industry (i.e. OSCAR).

In the future, AsiaInfo Technologies will actively embrace 5G, cloud computing, big data, artificial intelligence, the Internet of Things and other advanced technologies, and continue to follow the strategy of “One consolidation, Three developments”. For traditional businesses, the Company will seize the opportunities of 5G, devise full layout and improve efficiency to reinforce its leading position in the BSS market. For emerging businesses, the Company will strive to achieve rapid and scalable development in 5G OSS intelligent network, DSaaS data-driven operation services, adopting cloud computing technology by enterprises and in vertical industries. AsiaInfo Technologies will join its business partners to build an ecosystem together to continuously advance the transformation of commercial models and contribute AsiaInfo Technologies’ strengths in the data-driven transformation of enterprises and the sustainable development of industries, and most importantly maximizing the long-term value for its shareholders.