Asiainfo Tech(01675) released its interim results for the six months ended June 30th, 2024. During the period, the group achieved revenue of 2.994 billion yuan(RMB, the same below), gross profit of 0.738 billion yuan, and R&D expenses of 0.436 billion yuan.

In the three new businesses (digital operation, vertical industry digitization and OSS business), which maintained double-digit growth, revenue reached 1.2 billion yuan, a year-on-year increase of 10.0%, accounting for 40.1% of total revenue.

According to the announcement, in the first half of the year, the amount of orders for "AI+" projects increased by more than 55%, including 56 innovative application projects of "AI big model+BSS". With the independent research and development of the Yuansi industry big model product system, the company actively used tools such as ChatCRM and ChatBI to promote the intelligence upgrading of CRM business operations of operators in multiple provinces, enhance their operating analysis capabilities, and build a large model infrastructure, significantly improving code development efficiency. In the first half of 2024, the BSS business revenue was 1.747 billion yuan.

The company relies on the Yuansi industry big model product system to provide advanced solutions such as the network co-driver platform and the intelligent cloud network brain for multiple provincial operators and enterprise customers, helping them deeply analyze network problems, provide guided knowledge problems, and conduct survey data in question and answer format, and comprehensively empower their digital transformation, promoting customers to develop into a higher level of intelligent network. In the first half of 2024, the revenue of the OSS business was 0.28 billion yuan.

In the energy industry, the company's 5G private network products and solutions continued to expand their market coverage, with more than 30 new projects signed in the first half of the year. The company's 5G private network covers 23 units in 5 major nuclear power bases, with a coverage rate of nearly 30%, while focusing on the 5G construction opportunities of China Nuclear Power's operating and under construction units. In the photovoltaic field, the company's innovative model leads the market. Currently, it has connected data from more than 600 sites and successfully won multiple key projects such as State Power New Energy's 5G wireless private network and Hunan Datang Photovoltaic's 5G network coverage. In wind power, the company continues to consolidate its leading position in the construction of smart wind farms. The 5G private network project has covered nearly 200 wind farms, and the company successfully bid for the China General Nuclear New Energy Wind Power Wireless Network project and other projects in the first half of the year. In the mining industry, relying on standardized products and solutions such as 5G private networks, edge intelligence and big data, the company has continued to win multiple projects, including the bids for the intelligent construction and upgrading of an open-pit coal mine by China Mineworkers Construction Group and the intelligent construction planning and design project of a certain coking company.

In the transportation industry, the company's multi-scenario layout has shown significant results, with a year-on-year increase in revenue of 2.9 times. In terms of smart highways, the group successfully integrated its large-model technology into a provincial highway customer's networking toll collection system, setting a benchmark for the "large model+intelligent customer service" application. In the smart hub business, the Chongqing East Station project has progressed smoothly, and the Shanghai Rail Transit Phase III project has been renewed, providing strong support for the intelligent transformation of transportation hubs. In the field of digital logistics, the company further improved the logistics data source, completed the access of the four major data sources of railways, water transportation, highways and aviation, and strived to build a sample space and benchmark project covering multiple fields such as steel, coal mines, ports and aviation.