ASIX Technology (01675) expects revenue of about 2.1 billion yuan to 2.3 billion yuan in the first half of the year

According to Zhitong Finance App News, ASIX Technology (01675) announced that the Group expects operating income of approximately RMB 2.10 billion to RMB 2.3 billion for the six months ending June 30, 2026 (same period in 2025: approximately RMB 2,598 million), and net loss for the period of approximately RMB 460 million to RMB 490 million (same period in 2025: approximately RMB 202 million). After excluding the impact of one-time separation compensation due to personnel structure optimization, the Group expects a net loss of approximately RMB 240 million to RMB 270 million during the period.

The main reasons for the Group's decline in revenue and increase in net loss during the period include: i) The phased pressure on operators' core system business revenue. Due to the drop in investment pressure and cyclical and structural adjustments in the communications industry, the company's business progress has slowed; ii) Business structure optimization had a phased impact on revenue during the period. In order to further improve business quality and operational efficiency, the Group took the initiative to shut down and transfer some inefficient traditional ICT projects and traditional businesses with high manpower dependency in the government and enterprise categories, which led to a marked decline in overall revenue during the period; iii) Organizational and personnel structure optimization generated one-time expenses. In order to actively meet the needs of business development in the era of artificial intelligence, the Group continued to promote organizational transformation and upgrading and personnel structure optimization. One-time expenses such as employee termination compensation generated as a result increased year-on-year during the period. At the same time, the Group is investing more in improving employees' AI capabilities and is focusing on building agile organizations and talent teams adapted to the AI era.

Despite pressure on short-term performance, the company has firmly established an “AI first” strategy. While stabilizing the basic market, it actively lays out emerging businesses in line with industry development and customer transformation trends, and has made phased progress, mainly including: i) AI business (intelligent data operation) to achieve accelerated growth. The company is accelerating the deep integration of AI capabilities and industry scenarios, and new business transformation and revenue structure optimization are gradually being verified; ii) The Physical AI business is entering the commercialization stage. The company released a physical AI product system, which relies on a self-developed product matrix to enable the transformation and upgrading of physical production operations, accelerate large-scale commercial use of products, and help China's industrial intelligent manufacturing move at full speed into a new cycle of embodied intelligence; iii) The satellite Internet has made positive progress. The company released the “Star-Earth Smart Connect” product system, including hardware products such as satellite terrestrial core networks, space-borne base stations, and space-borne core networks, and a series of software products to provide satellite operators and industry customers with three major connectivity, orchestration, and management capabilities to systematically solve key issues such as operation, commercial use, trustworthiness, and controllability. The full-stack satellite internet infrastructure built by the company has entered the key nodes and business scenarios of the domestic low-orbit constellation system, forming a complete closed loop from product verification to commercial delivery to large-scale replication; iv) Token operation products have completed online verification. The company released the “Tianshu” Token operation platform to provide enterprises with closed-loop governance capabilities for the entire process from computing power to tokens, from cost to return on investment evaluation, and has completed the first pilot project launch verification.

Furthermore, the Group will continue to adhere to the “AI First” strategy, build an AI-driven growth flywheel, optimize the revenue structure and recover profits throughout the year, and promote the company's high-quality development. The board of directors and management are confident in the future development of the company.