Brief News: Cost control is appropriate, China's civil aviation information revenue declines while profits rise

The report from China Civil Aviation Information Network Co., Ltd. shows that last year's revenue fell by 0.6% to 8.77 billion yuan, but due to a decrease in operating expenses, profit rose by 12.9% to 2.34 billion yuan. Revenue from core aviation information platform services increased by 2% to 4.62 billion yuan, accounting for more than half of total revenue. Revenue from smart travel products and services grew, accounting for 13% of total revenue; revenue from settlement and clearing services also increased. Revenue from airport digital services declined by 21%, impacting overall growth. Operating expenses decreased by 1.9% year-on-year to 6.33 billion yuan. After the financial report was released, the stock price fell by 5.1% to HKD 10.02, a cumulative decline of about 10% over the past 52 weeks