中信国际电讯(01883) - 2025 - 中期业绩

Chairman's Report I. Financial Performance CITIC Telecom International Holdings Limited's total revenue for H1 2025 decreased by 1.7% YoY to HKD 4.807 billion, with telecom services revenue down 2.1% to HKD 4.072 billion, while profit attributable to equity holders rose 1.3% to HKD 461 million, and basic EPS increased 1.6% to 12.5 HK cents | Indicator | H1 2025 (HKD) | H1 2024 (HKD) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | 4.807 billion | 4.889 billion | -1.7% | | Telecom Services Revenue | 4.072 billion | 4.160 billion | -2.1% | | Profit Attributable to Equity Holders | 461 million | 455 million | +1.3% | | Basic Earnings Per Share | 12.5 HK cents | 12.3 HK cents | +1.6% | | Interim Dividend (per share) | 6.0 HK cents | 6.0 HK cents | 0% | II. Development Review The Group continued to deepen its "internationalization" and "technology-led" strategies in H1 2025, maintaining a leading position in Macau's mobile and broadband markets, advancing "Cloud-Network-Security" integrated services and AI application innovation, while increasing R&D investment, expanding overseas markets, and making progress in ESG and corporate governance Macau Mobile Market Remains Solid, Value-Driven Operations Deepen The Group maintained its leading position in Macau's mobile market, with 5G user penetration nearing 100%, enhancing business value and customer stickiness through existing customer value management and 5G application innovation - As of June 30, 2025, the Group maintained its leading market share in Macau's mobile market[5] - 5G user base exceeded 800,000, with penetration among mobile users approaching 100%[5] - Continued to advance 5G application innovation, enriching new personal digital applications like cloud gaming to enhance user value and stickiness[5] Macau Broadband Market Capability Leaps, Deepening Enterprise and Government Client Engagement The Group maintained its leading position in Macau's broadband market, launching F5.5G fiber broadband and Macau's first "10 Gigabit Community" solution, supporting "Digital Macau" construction, and providing customized 5.5G private network services and smart healthcare platforms for enterprise and government clients - In H1 2025, the Group launched F5.5G fiber broadband internet service and integrated 50G-PON, 5.5G (5G-A), and Wi-Fi 7 network technologies to implement Macau's first "10 Gigabit Community" solution[6] - As of June 30, 2025, the Group maintained its leading market share in Macau's broadband market[6] - Provided customized 5.5G private network services for Macau's enterprise and government clients and enriched the "Dr. Easy Smart Healthcare Platform" with online AI consultation services[6] Enterprise "Cloud-Network-Security" Integrated Services Upgraded, "Smart Empowerment" Application Innovation Flourishes The Group, with TrustCSITM 3.0 as its core, built a self-developed SIEM platform to establish an integrated "Cloud-Network-Security" defense system, while leveraging AI large model technology to empower its product matrix, launching innovative products like SmartCLOUDTM Intelligent Assistant, "AI Databank," and "Workflow+" to facilitate enterprise digital transformation - Centered on TrustCSITM 3.0, a self-developed Security Information and Event Management (SIEM) platform was built to establish an integrated "Cloud-Network-Security" defense system[7] - Developed SmartCLOUDTM Intelligent Assistant leveraging AI large model technology, offering natural language query and report viewing functionalities for data[7] - Launched two new products, "AI Databank" and "Workflow+," to help clients achieve business process automation and data element value realization[7][8] Platform Service Capabilities Fully Upgraded, Ecosystem Cooperation Drives New Business Expansion The Group upgraded its information and communication hub status, advancing "DataMall Roaming" and one-card-multiple-number platform upgrades, and launched "Global Mobile Number Smart Authentication Service" and "Cross-border 5G SD-WAN Private Line" based on its NaaS 1.0 platform, while expanding into cross-border data and IPX interconnection through partnerships with basic telecom operators and industry partners, signing strategic cooperation agreements and becoming a compliant data provider for the Shenzhen Data Exchange - Advanced the "DataMall Roaming" platform to 4/5G and completed the upgrade of the one-card-multiple-number platform to VoLTE[9] - Launched "Global Mobile Number Smart Authentication Service" and "Cross-border 5G SD-WAN Private Line" based on its self-developed Network as a Service (NaaS) 1.0 platform[9] - Signed a cooperation agreement with the Shenzhen Data Exchange, becoming a compliant data provider to build cross-border data compliant flow and transaction services[9] Leveraging Technological Innovation, Building a Technology-Driven Enterprise to New Heights The Group focused on cloud-network, computing power, and AI technologies, strengthening key core technology research and development, and winning multiple international and domestic awards, including at MWC Barcelona, the Digital China Innovation Competition, and the Geneva International Exhibition of Inventions, while undertaking the "CITIC Hong Kong AI Technology Innovation Center" and acquiring new patents and software copyrights - The smart tourism application "RJET" project won the third prize in the "Open Gateway Global Application Scenario Design and Development Competition"[10] - The AI innovation product "AI Databank" won a silver medal at the 50th Geneva International Exhibition of Inventions[10] - Undertook the "CITIC Hong Kong AI Technology Innovation Center," obtaining 8 new authorized patents and 1 software copyright in H1 2025, accumulating 29 patents and 64 software copyrights[10] Focusing on "Going Global" and "Bringing In," Intensifying Overseas Business Expansion The Group continued to expand its global network hubs, adding a network node in Yibin, Sichuan, building new Beijing and Guangzhou Xinchuang hybrid cloud platforms, and completing backbone network bandwidth upgrades in Vietnam and Indonesia, covering 160 countries and regions across five continents, deepening its presence in the Southeast Asian market, and achieving new business breakthroughs with an internet license in the Philippines - Added a network node in Yibin, Sichuan Province, built new Beijing and Guangzhou Xinchuang hybrid cloud platforms, and completed backbone network bandwidth upgrades in Vietnam and Indonesia[11] - As of June 30, 2025, the Group owned nearly 170 network service nodes globally, established over 60 SD-WAN gateways, and its business covered 160 countries and regions across five continents[11] - Successfully signed an internet service agreement after obtaining an internet license in the Philippines, achieving new business breakthroughs[12] Actively Practicing ESG Principles, Continuously Enhancing Corporate Governance The Group adheres to technology and green development concepts, winning the "Green Supply Chain Innovation Technology Excellence Award" for its sustainable supply chain management innovation solution, achieving an "A" rating in ESG, cultivating talent through the "Youth Growth Program," enhancing customer satisfaction, and improving its corporate compliance management system to ensure stable operations - Won the "Green Supply Chain Innovation Technology Excellence Award" at the "2025 Hong Kong Sustainable Development Innovation Technology Awards" for its sustainable supply chain management innovation solution "AI Analytics"[13] - As of June 30, 2025, the Group achieved an "A" rating in ESG from relevant rating agencies[13] - CTM Macau held its 12th "Youth Growth Program," dedicated to cultivating local information technology talent in Macau[13] III. Outlook The Group will steadfastly pursue its vision of becoming a "leading digital intelligence telecom enterprise in the Asia-Pacific region," focusing on deepening reforms, accelerating digital transformation, building a technology-driven enterprise, fostering a high-level open cooperation ecosystem, and enhancing risk management capabilities to achieve high-quality development and sustained shareholder returns - Group Vision: To become a leading digital intelligence telecom enterprise in the Asia-Pacific region[15] Comprehensively Deepen Reforms, Accelerate Digital Transformation