Tiger'sTroveTrail| AsiaInfo Security (688225.SH): Net profit in 2023 will be-291 million yuan

Glonghui April 27 丨 AsiaInfo Security (688225Tiger'sTroveTrail.SH) releases 2023 annual reportTiger'sTroveTrailDuring the reporting period, the company achieved operating income of 1.608 billion yuan, a decrease of 6.56% from the same period last year. The comprehensive gross profit margin was 47.82%, a decrease of 4.97 percentage points from the same period last year, mainly due to the higher phased cost investment in some solution businesses and the decline in gross profit of cloud network virtualization businesses.

During the reporting period, the company achieved net profit attributable to shareholders of listed companies of-291 million yuan, and net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was-325 million yuan, turning from profit to loss compared with the same period last year. The decline in the company's profit performance was mainly due to the slight year-on-year decline in operating income and gross profit margin, the rapid growth in research and development expenses, and the year-on-year decrease in fair value changes income from foreign investment.