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SMARTONE TELE: AI Applications Help Reduce Operating Costs by 6%; 5G Investment Peak Passed
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SMARTONE TELE (00315.HK) announced its interim results yesterday. Group CEO Fiona Lau said that, due to the enhancement of AI applications and simplified platform, operating costs decreased by 6% YoY during the period, saving nearly $52 million. Regarding market competition, Lau believed that, relying solely on low prices is not a long-term strategy. The Group has maintained stable profitability over the years through a high-quality network and customer experience, and has avoided price competition by launching market-first exclusive services. In the first half of the fiscal year, the Group's capital expenditure was approx. $179 million, a YoY decrease of 2.7%. Executive Director and Chief Technology Officer Stephen Chau said that the peak period of 5G investment has passed, and future investments will be more targeted, such as focusing on network infrastructure in key development projects like densely populated areas, mega event venues and Northern Metropolis. It is expected that capital expenditure for this fiscal year will record a double-digit decline, with further optimization possible in the future. AASTOCKS Financial News Website: www.aastocks.com |
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