AsiaInfoTech (1675.HK) reported a revenue of RMB6.675 billion, a 8.4% YoY increase. The traditional business revenue, mainly driven by BSS, decreased by 0.3% YoY to RMB2.109 billion. The "Three New" businesses revenue increased by 140.9% YoY to RMB553 million, including OSS revenue of RMB131 million (135.8% YoY increase), DSaaS revenue of RMB309 million (192% YoY increase), and VIEC revenue of RMB113 million (+65.7% YoY increase). Gross profit margin increased from 35.7% to 36.7% YoY and increased by 11.6% YoY. The company's net profit margin increased from 9.3% to 10.3% YoY, and net profit was RMB280 million (+20.2% YoY increase). The BSS business aims to consolidate its existing scale, improve business efficiency, and achieve growth. In the first half of the year, revenue was RMB2.109 billion, a 0.3% YoY decrease, mainly due to delays in third-party procurement and contract-signing, which affect revenue recognition. Since the newly signed BSS business has increased by over 10%, revenue is expected to achieve positive growth. The BSS's investment focus is value-oriented.
