Core Viewpoint - China Communication Services (00552) reported stable operational performance amid challenges from cautious customer investments and intensified market competition, leveraging opportunities from the AI-driven demand surge in intelligent computing and data center construction [2] Financial Performance - Operating revenue reached RMB 150.93 billion, a year-on-year increase of 0.1% [2] - Net profit amounted to RMB 3.61 billion, also reflecting a year-on-year growth of 0.1% [2] - Gross margin was 11.3%, a decrease of 0.4 percentage points year-on-year [2] - Net profit margin remained stable at 2.4% over the past four years [2] Strategic Initiatives - The company capitalized on its integrated service capabilities to enhance market development quality, particularly in the domestic non-operator customer market, which led revenue growth [2] - The company aims to upgrade its strategic positioning as a "new generation comprehensive smart service provider" and implement the "AI+" initiative to convert AI benefits into new growth momentum [2] Dividend Policy - The board proposed a final dividend of RMB 0.2241 per share, representing a year-on-year increase of 2.5% [2] - The dividend payout ratio is set at 43%, an increase of 1 percentage point compared to the previous year [2]

K图 00552_0 中国通信服务董事长栾晓维表示，当前，以人工智能为代表的数字技术正深度重构产业格局，推动生产 力革命性跃迁和生产关系深层次变革。面对这一历史性机遇与挑战，中国通信服务推动"新一代综合智 慧服务商"战略定位内涵升级，聚焦各行业综合化、一体化、多元化的数字服务需求，打造成为"数智咨 询先行者""数智基建领航者""数智维营主导者""数智产品提供者"。 栾晓维指出，中国通信服务将持续推进"人工智能+"行动，发力转型发展、改革焕新、科技创新、人才 强企、安全提升"五大工程"，协调推进传统业务升级、战略新兴业务壮大、未来产业市场布局，统筹高 质量发展和高水平安全，努力实现"十五五"良好开局。 （文章来源：新华财经） 新华财经香港3月31日电 中国通信服务股份有限公司连同其附属公司31日公布2025年全年业绩。管理层 表示，集团2025年实现经营业绩稳中有进，质量效益整体向好。 业绩数据显示，2025年中国通信服务实现经营收入1500.93亿元（人民币，下同），同比增长0.1%，其 中服务收入1461.61亿元；净利润36.10亿元，同比增长0.1%，与收入增长保持同步；净利润率2.4%，近 四年保持基 ...

EF001 | | | 2026年3月31日的年度業績公告 - "建議之末期股息"部分。 | | | --- | --- | --- | --- | | | 股東類型 | 稅率 | 有關代預扣所得稅之更多補充 | | | | | （如適用） | | | 非個人居民 | | | | | （非中國內地登記地址） | 10% | 如取得股息的H股個人股東為香港 | | | | | 或澳門居民或其他與中國簽訂10% | | | | | 股息稅率之協議國家居民，或取得 | | | | | 股息的H股個人股東為低於10%稅 | | | | | 率之協議國家居民，本公司派發股 | | | | | 息時將按照10%的稅率代扣代繳個 | | | | | 人所得稅。本公司可按規定，代為 辦理享受有關協議待遇申請，經主 | | | | | 管稅務機關審核批准後，對多扣繳 | | | | | 稅款予以退還。 | | | 非個人居民 | | | | | （非中國內地登記地址） | 20% | 取得股息的H股個人股東為與中國 | | | | | 無稅收協議國家居民及其他情況， | | | | | 本公司派發股息時應按20%稅率扣 | | ...

Core Viewpoint - The company has successfully navigated the challenges posed by cautious customer investments and intensified market competition, while capitalizing on opportunities arising from the explosive demand for intelligent computing in the AI era, resulting in steady operational performance and overall improvement in quality and efficiency [1] Financial Performance - The company reported its annual results for the year ending December 31, 2025, indicating a positive trend in operational performance despite external challenges [1] Market Environment - The company is actively responding to the cautious investment behavior of clients and the increasing competition in the market, which are significant factors influencing its operational strategies [1] Strategic Focus - The company is leveraging the opportunities presented by the AI era, particularly in the realm of intelligent computing, to enhance its service offerings and market position [1]

Core Insights - China Communication Services (00552.HK) reported an operating revenue of RMB 150.09 billion for the fiscal year 2025, reflecting a year-on-year growth of 0.1% [1] - The company achieved a net profit of RMB 3.61 billion, maintaining a stable net profit margin of 2.4% over the past four years [1] Revenue Breakdown - Telecommunications infrastructure service revenue amounted to RMB 74.39 billion, a decrease of 1.0% year-on-year, accounting for 49.6% of total operating revenue [2] - Business process outsourcing service revenue reached RMB 44.06 billion, showing a growth of 1.4% year-on-year, representing 29.3% of total operating revenue [2] - Revenue from applications, content, and other services was RMB 31.64 billion, with a year-on-year increase of 0.9%, making up 21.1% of total operating revenue [2] Profitability Metrics - The gross profit was RMB 16.96 billion, down 3.6% year-on-year, with a gross margin of 11.3%, a decline of 0.4 percentage points [1] - The return on equity (ROE) stood at 7.7%, and basic earnings per share were RMB 0.521, remaining relatively stable [1] Dividend Information - The company proposed a final dividend of RMB 0.2241 per share, reflecting a year-on-year increase of 2.5% [1]

Core Viewpoint - The company has successfully navigated challenges such as cautious customer investment and intensified market competition, achieving stable operational performance and overall improvement in quality and efficiency, driven by opportunities in the artificial intelligence era and demand for intelligent computing [1] Financial Performance - Operating revenue reached RMB 150.93 billion, a year-on-year increase of 0.1% [1] - Net profit was RMB 3.61 billion, also reflecting a year-on-year growth of 0.1% [1] - Gross margin stood at 11.3%, a decrease of 0.4 percentage points year-on-year [1] - Net profit margin remained stable at 2.4%, consistent over the past four years [1] Strategic Initiatives - The company leveraged its integrated service capabilities in "regulation, construction, maintenance, and operation" to capitalize on opportunities in intelligent computing, data center construction, urban renewal, and green transformation [1] - The domestic non-telecom customer market led the growth in performance [1] - The company plans to further enhance its strategic positioning as a "new generation comprehensive intelligent service provider" and implement the "AI+" initiative to convert AI benefits into new development momentum, aiming for a strong start in the 14th Five-Year Plan [1] Dividend Proposal - The board of directors proposed a final dividend of RMB 0.2241 per share, representing a year-on-year increase of 2.5% [1] - The dividend payout ratio is 43%, an increase of 1 percentage point year-on-year [1]

Financial Performance - The company's operating revenue reached RMB 150,093 million, a year-on-year increase of 0.1%[7] - Net profit amounted to RMB 3,610 million, also reflecting a year-on-year growth of 0.1%[7] - Gross profit margin was 11.3%, a decrease of 0.4 percentage points compared to the previous year[7] - The group achieved a total comprehensive income of RMB 4,056.5 million for 2025, compared to RMB 4,510.6 million in 2024[34] - The company's net profit attributable to shareholders in 2025 was RMB 3,610 million, a slight increase of 0.1% from RMB 3,607 million in 2024[77] Revenue Breakdown - Revenue from telecommunications infrastructure services was RMB 74,391 million, a year-on-year decline of 1.0%, accounting for 49.6% of total operating revenue[9] - Revenue from business process outsourcing services reached RMB 44,062 million, a year-on-year increase of 1.4%, representing 29.3% of total operating revenue[9] - Revenue from application, content, and other services was RMB 31,640 million, a year-on-year increase of 0.9%, accounting for 21.1% of total operating revenue[9] - Revenue from the domestic non-telecom customer market was RMB 65,613 million, a year-on-year increase of 5.5%, making it the primary driver of overall revenue growth[11] - Revenue from overseas markets was RMB 4,268 million, reflecting a year-on-year increase of 1.0%[11] Costs and Expenses - The group's operating costs for the same period were RMB 133,136.0 million, compared to RMB 132,403.9 million in 2024, resulting in a gross profit of RMB 16,956.6 million, down from RMB 17,596.2 million[33] - Total operating costs in 2025 were RMB 133,136 million, a 0.6% increase from 2024, accounting for 88.7% of operating revenue[67] - Direct employee costs decreased by 6.1% to RMB 7,711 million, representing 5.1% of operating revenue, down 0.4 percentage points from 2024[67] - Material costs rose by 3.3% to RMB 26,416 million, accounting for 17.6% of operating revenue, an increase of 0.6 percentage points[69] - Subcontracting costs increased by 1.1% to RMB 81,316 million, making up 54.2% of operating revenue, up 0.6 percentage points from 2024[71] Dividends and Shareholder Returns - The company proposed a final dividend of RMB 0.2241 per share, representing a year-on-year increase of 2.5% and a payout ratio of 43%, up by 1 percentage point[5] - The proposed final dividend for the year ending December 31, 2025, is RMB 0.2241 per share (before tax)[95] - The company will withhold income tax on dividends paid to foreign shareholders according to relevant tax laws[97] Innovation and Development - The group added 504 new authorized invention patents and 1,300 software copyrights, showcasing strong innovation capabilities[19] - The group actively embraced AI, launching the "AI+" initiative and developing integrated services to meet customer needs in computing and energy infrastructure[21] - The total research and development costs for 2025 were RMB 5,467 million, slightly up from RMB 5,568 million in 2024, suggesting a focus on innovation despite a marginal decrease[45] Corporate Governance and Compliance - The group has been recognized for its corporate governance, ranking 1,402nd in the 2025 Forbes Global 2000 list and receiving multiple awards for investor relations and ESG performance[28] - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange regulations[92] - The audit committee has reviewed the accounting standards and practices adopted by the group, discussing risk management and internal controls[91] Market and Strategic Focus - The group focused on green energy solutions, enhancing the quality of key businesses such as new energy construction and carbon management, contributing to the green transformation across various sectors[15] - The group is committed to deepening reforms and modernizing governance capabilities to enhance high-quality development[24] - The company is focusing on integrating digital technologies to enhance service capabilities and meet customer digitalization needs[58] Cash Flow and Financial Position - Free cash flow was RMB 795 million, with a return on equity (ROE) of 7.7%[7] - The company's net cash and cash equivalents of RMB 14,341,265 thousand in 2025, down from RMB 19,638,036 thousand in 2024, a decrease of about 27.2%[35] - The company's operating working capital at the end of 2025 was RMB 16,203 million, a decrease of RMB 515 million from RMB 16,718 million at the end of 2024[82] Future Outlook and Risks - The company warns that forward-looking statements are subject to various risks and uncertainties, including macroeconomic changes and regulatory environment shifts[101]

CHINA COMMUNICATIONS SERVICES CORPORATION LIMITED Stock Code : 00552.HK 31 March 2026 2025 Annual Results www.chinaccs.com.hk Management Present EXECUTIVE DIRECTOR, PRESIDENT MR. CUI ZHANWEI EXECUTIVE DIRECTOR, EXECUTIVE VICE PRESIDENT & CFO MR. SHEN AQIANG EXECUTIVE VICE PRESIDENT MR. ZHANG HAO Highlights Navigating Challenges with Resilience and Achieving Steady yet Improving Operating Performance Driving Efficiency Through Quality Enhancement and Cost Reduction to Firmly Promote High-quality Development ...

Core Viewpoint - China Communication Services (stock code: 00552.HK) is planning to hold a board meeting on March 31, 2026, to review its annual performance for the year ending December 31, 2025, and to consider the distribution of a final dividend [1] Group 1 - The company will discuss its full-year results for the fiscal year ending December 31, 2025 [1] - The board meeting will also address the matter of declaring a final dividend [1]

Core Viewpoint - China Communication Services (00552.HK) announced a board meeting scheduled for March 31, 2026, to approve the full-year results for the year ending December 31, 2025, and to consider the proposal for the final dividend distribution, if applicable [1] Group 1 - The board meeting will focus on the approval of the company's and its subsidiaries' annual performance [1] - The meeting will also consider the proposal for the distribution of the final dividend [1]