Asiainfo Security(SH:688225)2026-01-22 08:25Revenue Projections - The company expects 2025 annual revenue to be between 740 million and 800 million CNY, an increase of 380.49 million to 440.49 million CNY year-on-year [3]. - In 2024, the company reported revenue of 359.51 million CNY and a net profit of 0.96 million CNY attributable to shareholders [4]. Net Loss and Profit Expectations - The projected net loss attributable to shareholders for 2025 is between 50 million and 38 million CNY, a decrease of 38.96 million to 50.96 million CNY compared to the previous year [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between -40 million and -29 million CNY, a decrease of 27.37 million to 38.37 million CNY year-on-year [3]. Financial Challenges - The company faced a non-cash fair value loss of approximately 124 million CNY and an increase in interest expenses of about 30 million CNY in 2025 [6]. - The smart digital business experienced a decline in net profit due to cost-cutting pressures from telecom clients, with a one-time severance cost impacting profits by approximately 175 million CNY [7]. Business Stability and Growth - The network security business remains stable, focusing on long-term technology accumulation and product innovation despite external macroeconomic pressures [6]. - The company is enhancing its AI delivery system and has seen significant growth in orders and revenue, with improved cash flow turning positive [7]. Financial Reporting and Forecast Accuracy - The financial data provided is preliminary and subject to final audited results in the 2025 annual report [9]. - The company has not identified any significant uncertainties affecting the accuracy of the earnings forecast [8].