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Hong Kong stocks movement | ASIAINFO TECH (01675) rose more than 20% in the afternoon as the company collaborates closely with major AI model giants like Alibaba and integrates with ASIAINFO SECURITY to create synergies.
ASIAINFO TECH (01675) surged over 20% in the afternoon; as of this writing, it has risen by 17.86%, priced at 10.82 HKD, with a transaction volume of 0.215 billion HKD.
2024 Annual Results Update Correction Notice
AsiaInfo Security is expected to turn a profit in 2024, with R&D investment increasing by 21% year-on-year.
① In 2024, AsiaInfo Security achieved revenue of 3.595 billion yuan, a year-on-year increase of 123.56%, the highest annual value since 2017; it realized a net income of 9.5906 million yuan, turning from a loss to profit compared to the same period last year; ② The gross margin of AsiaInfo Security's Cybersecurity products increased from 47.82% to 61.35%; the gross margin of the newly integrated Business sector during the reporting period was 42.76%.
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Investors Aren't Entirely Convinced By Asiainfo Security Technologies Co.,Ltd.'s (SHSE:688225) Revenues