Core Insights - China Tower reported stable revenue growth in the first half of 2025, achieving operating revenue of 49.601 billion yuan, a year-on-year increase of 2.8% [1] - The net profit attributable to shareholders was 5.757 billion yuan, reflecting an 8.0% year-on-year growth [1] - The company emphasized its commitment to optimizing resource allocation and enhancing core competitiveness for high-quality development [1] Revenue Breakdown - The operator business generated revenue of 42.461 billion yuan, a 0.8% increase year-on-year [1] - Tower business revenue was 37.797 billion yuan, remaining stable compared to the same period last year [2] - Indoor distribution business revenue reached 4.664 billion yuan, marking a 12.0% year-on-year growth [2] Business Development - The two-wing business achieved revenue of 6.935 billion yuan, accounting for 14.0% of total operating revenue, an increase of 1.6 percentage points year-on-year [2] - Smart connection business revenue was 4.726 billion yuan, with an 18.7% year-on-year increase, and the Iron Tower Vision business contributed 2.822 billion yuan, representing 59.7% of smart connection revenue [2] - Energy business revenue was 2.209 billion yuan, up 9.2% year-on-year, with the battery swap business generating 1.323 billion yuan, accounting for 59.9% of energy business revenue [2] Infrastructure and Market Position - As of June 30, 2025, the number of tower sites reached 2.119 million, an increase of 25,000 from the end of the previous year [2] - The number of operator tower tenants rose to 3.579 million, an increase of 35,000 from the end of the previous year, with an average of 1.72 tenants per tower site [2] - The company continues to lead in the low-speed electric vehicle battery swap market, with approximately 1.47 million battery swap users, an increase of 166,000 from the end of the previous year [2]

Core Insights - China Tower reported a revenue of 49.601 billion yuan for the first half of 2025, representing a year-on-year growth of 2.8% [2] - The profit attributable to shareholders reached 5.757 billion yuan, marking an 8% increase compared to the previous year [2] Revenue Breakdown - Operator business revenue was 42.461 billion yuan, with a year-on-year growth of 0.8% [2] - Smart connection business revenue amounted to 4.726 billion yuan, showing an 18.7% increase [2] - Energy business revenue reached 2.209 billion yuan, reflecting a growth of 9.2% [2] Profitability and Cash Flow - EBITDA stood at 34.227 billion yuan, up by 3.6% year-on-year [2] - Net cash flow from operating activities was 28.679 billion yuan, with free cash flow at 16.287 billion yuan [2] - The board decided to distribute an interim dividend of 0.1325 yuan per share before tax for 2025 [2] Strategic Focus - The company aims to optimize resource allocation and deepen reform and innovation to enhance operational quality and efficiency [2] - Future strategies include focusing on core technology breakthroughs, strengthening the supply of technological achievements, and promoting the integration of technological and industrial innovation [2]

中国铁塔(00788)午后涨近3%，截至发稿，涨2.72%，报11.31港元，成交额1.47亿港元。 消息面上，中国铁塔午间发布截至2025年6月30日止半年度中期业绩，集团营业收入保持稳定增长，实 现人民币496.01亿元，同比增长2.8%；盈利能力持续提升，EBITDA达到人民币342.27亿元，同比增长 3.6%，归属于公司股东的利润为人民币57.57亿元，同比增长8.0%；实现经营活动现金流量净额人民币 286.79亿元，自由现金流达到人民币162.87亿元；董事会决定2025年继续派发中期股息，金额为每股人 民币0.13250元(税前)。 本文源自：智通财经网 ...

Core Viewpoint - China Tower Corporation (00788) reported stable revenue growth and improved profitability in its interim results for the period ending June 30, 2025, with a notable increase in net profit and cash flow [1] Financial Performance - The company achieved an operating revenue of RMB 49.601 billion, representing a year-on-year growth of 2.8% [1] - EBITDA reached RMB 34.227 billion, reflecting a year-on-year increase of 3.6% [1] - Net profit attributable to shareholders was RMB 5.757 billion, showing a year-on-year growth of 8.0% [1] - The net cash flow from operating activities was RMB 28.679 billion, with free cash flow amounting to RMB 16.287 billion [1] Dividend Announcement - The board of directors decided to distribute an interim dividend for 2025, amounting to RMB 0.13250 per share (pre-tax) [1]

Core Viewpoint - China Tower Corporation (00788) reported stable revenue growth and improved profitability in its interim results for the period ending June 30, 2025, with a notable increase in net profit and cash flow [1] Financial Performance - The company achieved an operating revenue of RMB 49.601 billion, representing a year-on-year growth of 2.8% [1] - EBITDA reached RMB 34.227 billion, reflecting a year-on-year increase of 3.6% [1] - Net profit attributable to shareholders was RMB 5.757 billion, showing a year-on-year growth of 8.0% [1] Cash Flow and Dividends - The net cash flow from operating activities amounted to RMB 28.679 billion [1] - Free cash flow reached RMB 16.287 billion [1] - The board has decided to distribute an interim dividend of RMB 0.13250 per share (pre-tax) for 2025 [1]

Group 1 - The company China Tower (00788.HK) announced a mid-term dividend of HKD 0.1325 per share, which will be distributed on October 31, 2025 [1]

Core Insights - China Tower Corporation (00788.HK) reported stable revenue growth for the first half of 2025, achieving operating revenue of 49.601 billion RMB, a year-on-year increase of 2.8% [1] - EBITDA reached 34.227 billion RMB, reflecting a year-on-year growth of 3.6% [1] - Profit attributable to shareholders was 5.757 billion RMB, up 8% compared to the previous year [1] - The company declared an interim dividend of 0.13250 RMB per share (pre-tax) [1] Revenue Breakdown - Revenue from operator services amounted to 42.461 billion RMB, showing a year-on-year increase of 0.8% [1] - Revenue from tower-related services was 37.797 billion RMB, remaining stable compared to the same period last year [1] - Revenue from indoor distributed antenna systems reached 4.664 billion RMB, marking a year-on-year growth of 12% [1] - Smart connection services generated revenue of 4.726 billion RMB, with an 18.7% year-on-year increase [1] - Energy services revenue was 2.209 billion RMB, reflecting a year-on-year growth of 9.2% [1]

Group 1 - The company China Tower (00788) announced that it will distribute an interim dividend of 0.1325 yuan per share on October 31, 2025 [1]

Core Viewpoint - China Tower Corporation reported stable revenue growth and improved profitability for the first half of 2025, with a focus on optimizing resource allocation and enhancing core competitiveness [1][2] Group 1: Financial Performance - The company achieved operating revenue of RMB 49.601 billion, a year-on-year increase of 2.8% [1] - EBITDA reached RMB 34.227 billion, reflecting a 3.6% year-on-year growth [1] - Profit attributable to shareholders was RMB 5.757 billion, up 8.0% compared to the previous year [1] - Net cash flow from operating activities was RMB 28.679 billion, with free cash flow amounting to RMB 16.287 billion [1] - The board decided to distribute an interim dividend of RMB 0.13250 per share (pre-tax) for 2025 [1] Group 2: Business Development - The company’s operator business generated revenue of RMB 42.461 billion, a 0.8% increase year-on-year [1] - The two wings business achieved revenue of RMB 6.935 billion, accounting for 14.0% of total revenue, an increase of 1.6 percentage points from the previous year [2] Group 3: Innovation and Technology - The company emphasized technological innovation, focusing on key technologies such as next-generation mobile communication, artificial intelligence, edge computing, and IoT [2] - The number of R&D personnel increased by 29% compared to the same period last year, and the number of authorized invention patents rose by 16% since the end of 2024 [2] - The company is actively promoting the transformation of technological achievements into productive forces through various initiatives [2]

Core Viewpoint - China Tower (00788) announced that it will distribute an interim dividend of 0.1325 yuan per share on October 31, 2025 [1] Summary by Category - **Company Announcement** - China Tower will pay an interim dividend of 0.1325 yuan per share [1]