Recently, the central government set an important direction for economic work in 2025, “implementing a more active fiscal policy and a moderately loose monetary policy.” With the implementation of more active fiscal policies in the future, it is expected that the necessary expenditure will expand aggregate demand, boost domestic demand to hedge against external uncertainty, and stabilize social expectations.

This will undoubtedly further enhance the government's willingness to purchase Xinchuang and enhance government IT requirements. In addition to this, the recent technological segmentation circuit has also continued to be beneficial.

Meanwhile, ASIC Technology empowers digital and intelligent transformation in all walks of life, and is expected to clearly benefit from the current macroeconomic situation. Recently, ASIX Technology released the “2024-2025 Full Stack Map of Products and Solutions”, which covers the three major product systems and related solutions of “Cloud Network,” “Digital Intelligence,” and “IT,” showing a new business layout and digital intelligence full-stack capabilities.

For value-oriented investors, it is worth focusing on and thinking about how many core business segments of ASIC Technology will be positively catalyzed by the industry. In this way, not only can the company's performance be anticipated in advance, but it is also a good opportunity to seize potential investment opportunities.

Specifically, the analysis is carried out in depth from the following three levels:

I. Dongfeng supports future performance in the data element market

Since 2024, data elements have officially entered a period of intensive policy implementation. With the improvement of relevant construction systems and specific measures, it will help the construction and formation of frameworks related to data elements, providing good development opportunities for future data circulation and applications. ASIC Technology is leading the way in this field, so it is expected to benefit deeply.

The company won an award in the first “Data Factor X” competition, forming a benchmark case, which is a strong proof of its technological competitiveness and leading position in the market. Among them, the “Jingtong Health Big Data Platform” project jointly declared by the company and Unicom (Beijing) Industrial Internet Co., Ltd. won the third prize in the National Finals and the first prize in the Beijing Division. In addition, the company won the first prize in the Anhui Division and the second prize in the Yunnan Division with the “Innovative Computing Power Weaving Network to Support New Data Momentum” solution and the “Yunnan Population Dynamics Monitoring” solution, respectively.

At the same time, the company also continues to create successful cases in the non-communications industry market, opening up new paths for business growth. For example, in the consumer industry, the company serves industries such as FMCG, tobacco, and pan-cultural tourism. In the first half of this year, the company helped a leading FMCG brand jump to 30 million+ in the first half of this year; in the automotive industry, the company successfully introduced ecological partners such as Ali and Volcano Engine in the first half of the year, providing comprehensive support such as user insight and marketing digital platforms for many new energy vehicles, independent brands, and joint venture brand cars.

Furthermore, based on the “iResearch Digital Intelligence” brand, the company's DSaaS business revenue trend improved in the first half of the year. According to the results and payment model, revenue accounted for 26.7% of Smart's operating revenue, an increase of 3.7 percentage points over the previous year.

In the new era, the development of the digital economy is the general trend, and data elements are becoming a key fulcrum for leveraging the development of new quality productivity, and its strategic significance is self-evident. Therefore, in the long run, with the market-based high-quality development of data elements, ASIX Technology can meet the needs of customers in different industries with a more complete product and service system. The company can seize the dividends brought by more market development and bring reliable underlying guarantees for its own business growth.

II. The wave of enterprise digital intelligence opens up new opportunities for vertical industries

Under the new wave of technological and industrial transformation, digital transformation has brought new development opportunities such as quality upgrading, cost reduction and efficiency, and business innovation. It is also an effective means to accelerate progress towards new quality productivity. Reflected in the needs of vertical industries, enterprises cannot be left behind in transformation and upgrading, so they need not only one product at a time, but also an overall application plan.

ASIC Technology has actively deployed emerging fields and successfully launched “standard products+solutions” that meet the characteristics of the industry, thereby seizing the huge opportunities behind vertical industry private network application scenarios and forming a driving force for the faster growth of the “three new businesses”.

Focusing on the energy industry, the company provides energy customers with 5G private network operation platforms and 5G private network solutions to achieve efficient and high-quality network communication support. As mentioned in the company's “energy industry” product and solution map, the company provides solutions for thermal power, hydropower, wind power, nuclear power, photovoltaics, pumped energy storage and integrated energy based on a “cloud, network, edge, end” energy center.

In the first half of this year, ASIX Technology covered a total of 23 units in the five major nuclear power plants in the field of nuclear power, with a coverage rate of nearly 30%. Recently, the company launched a 5G dedicated nuclear power network at Qinshan Nuclear Power. This is the first commercial use of 5G LAN (Local Area Network) technology combined with P5G (Private 5G) networks in the nuclear power field.

In the photovoltaic field, data from more than 600 stations have been connected, and various key projects such as Guoneng New Energy 5G wireless network and Hunan Datang PV 5G network coverage have been won.

5G private network projects in the field of wind power have covered nearly 200 wind farms, and successfully won bids for CGN new energy wind power wireless networks in the first half of the year.

In the first half of this year, the company received more than 30 new projects in the energy sector. Furthermore, in the transportation industry, the company's business revenue increased 2.9 times over the same period last year. It has achieved great results in smart highways, smart hubs, and digital logistics, and has created many benchmark projects.

The company's development model in digital business in vertical industries has been verified by data and projects. In the future, it is likely that it will be able to effectively replicate the results and continue to cover a wider range of markets. Riding the wave of digital and intelligent transformation of enterprises, ASIX Technology will gain momentum for long-term sustainable development.

In fact, in recent years, the “three new businesses” have been the core sectors that drive the company to maintain steady growth. As its vertical industry digitization and other businesses continue to unleash scale effects, it will further promote the improvement of the company's overall profitability and profit quality.

3. Seize the main line of artificial intelligence: realize the growth of AI performance

Currently, AI is still the most interesting field in the technology sector. There is a general consensus in the industry that the rapid development of artificial intelligence technology will help the digital economy reach a new level and is a new engine for the digital transformation of the industry. According to McKinsey statistics, artificial intelligence is expected to create about 680 billion dollars in value for the telecommunications industry in the next 15 to 20 years. And from communications, to intelligent manufacturing, to future industries, AI has extended to more diverse fields.

ASIX Technology is also continuously strengthening AI technology. After accumulating knowledge and experience in multiple vertical industries, it has refined large model capabilities to feed back the overall business development.

This year, based on real scenarios in vertical industries such as communications, government, energy, and transportation, ASIC Technology focused on the three levels of “platform, model, and tool” and established an XGPT product system aimed at increasing industry awareness. Relying on this, the company continued to iteratively optimize the big model and released 1 general artificial intelligence and cognitive enhancement platform TAC MaaS, 3 “Yuan Si” industry models, and 8 major cognitive enhancement tools.

The company will further enhance its full-stack AI capabilities, better empower vertical industries, and continue to innovate and optimize BSS and OSS businesses. The pace of development will be more and more steady. In the first half of the year, the amount of “AI+” contracts in the corporate communications industry increased by more than 55%, reaching 56 commercial cases for big model+BSS, and 10 for big model+OSS cases. It can be seen that by seizing the main line of artificial intelligence trends and implementing the big model, ASIX Technology has unearthed more business growth.

In the first half of the year, the company invested 0.436 billion yuan in R&D, accounting for nearly 15% of revenue. As the company maintains a high level of R&D investment, can continuously innovate technology and business, and strengthen AI capabilities, then it is expected to achieve more AI-related performance in the future.

It is worth noting that the company is also strengthening the software and hardware integrated product layout, promoting innovation in standardized products, including 5G/6G private networks, edge intelligence, privacy computing, etc., and promoting integrated software and hardware product solutions to energy, transportation, government and other industries, effectively increasing gross profit margins and achieving higher quality performance growth.

IV. Conclusions

According to the research report, on the basis of advancing the “one consolidation, three development” business strategy, ASIC Technology is further emphasizing the four new transformations of “communication+non-communication”, “service+product”, “software and hardware integration”, and “domestic+international development” to drive continuous high-quality growth.

Assessing ASIC Technology from an investor's perspective, its business segment is catalyzed by multiple benefits. Combined with the current business scale, technical strength, and strategic layout, the “certainty” and “sustainability” of the company's future growth are two prominent labels in the capital market. In addition to the fact that the company is known for its “high dividends” in the capital market and insists that dividends continue to give investors rewards, ASIX Technology is expected to become one of the ideal investment targets in the market.