HK Stock Market Move | ASIAINFO TECH (01675) rose more than 12% in the afternoon, with institutions pointing out that the valuation has not fully reflected the potential growth of the new business.

ASIAINFO TECH (01675) rose more than 12% in the afternoon, up 11.64% to HK$6.12 as of press time, with a turnover of HK$31.7953 million. In terms of news, ASIAINFO TECH announced that its group revenue in the first quarter was approximately 994 million yuan. During the period, the company continued to deepen strategic cooperation with ecosystem partners such as Alibaba Cloud, Huoshan, Kimi, NVIDIA, ABB, etc., to create a full-stack AI product and service from data to model to application and operation. AI-related revenue - intelligent data operation business achieved explosive growth, with a year-on-year growth of nearly 100%. The intelligent connection product business also made multiple breakthroughs. Zheshang previously released a research report stating that 2025 is a year of profit and structural adjustment for the company, and from 2026, revenue and profit are expected to return to an upward trend. Considering the company's scarce layout in core operator systems, AI+ data operation, and 5/6G + satellite Internet directions, the current valuation has not fully reflected the growth potential of new businesses, and the "buy" rating is maintained.