Asiainfo Security(688225)2025-01-23 10:30Financial Projections - The company expects 2024 annual revenue to be between 3,110 million and 4,260 million RMB, representing a significant increase from the previous year's revenue of 1,608.09 million RMB [3][4]. - The projected net profit attributable to the parent company for 2024 is expected to be between 8.5 million and 12.75 million RMB, marking a turnaround from a net loss of 291.08 million RMB in 2023 [3][4]. - The projected net profit after deducting non-recurring gains and losses for 2024 is expected to be between -18 million and -12 million RMB, indicating ongoing challenges in this area [3]. Business Growth and Strategy - The company's network security business is anticipated to grow by approximately 14% to 19% compared to the previous year, driven by improved operational quality and a focus on high-value customer segments [5]. - The gross margin for the network security business is steadily increasing due to a higher proportion of standardized product revenue and efficiency improvements in solution delivery [6]. - The company completed a major asset restructuring by acquiring control of AsiaInfo Technology Co., which is expected to have a significant positive impact on 2024 performance and enhance synergy effects [8]. - The company is focusing on data-driven and AI-native technology R&D, with significant revenue contributions from new core products such as next-generation endpoint security and cloud security [6]. Operational Efficiency - Cash flow from operating activities is expected to show significant improvement compared to the previous year, reflecting better cash collection management [7]. - The company anticipates a decrease in the growth rate of operating expenses compared to the previous year, indicating effective cost control measures [6]. - The company emphasizes the importance of maintaining operational quality while pursuing growth, highlighting a balanced approach to business development [7].