
Financial Performance - Operating revenue for Q1 2022 reached RMB 22.633 billion, a year-on-year increase of 7.0%[2] - EBITDA for Q1 2022 was RMB 15.682 billion, with an EBITDA margin of 69.3%[2] - Profit attributable to shareholders was RMB 2.180 billion, reflecting a year-on-year growth of 28.7%[2] Revenue Breakdown - Revenue from operator business was RMB 20.756 billion, up 4.7% year-on-year, with tower business revenue at RMB 19.418 billion, increasing by 3.1%[2] - Smart connection business revenue grew by 34.9% year-on-year to RMB 1.186 billion, while energy business revenue surged by 70.3% to RMB 642 million[2] Operational Metrics - As of March 31, 2022, the number of tower sites reached 2.045 million, with 3.493 million tenants, a net increase of 34,000 tenants compared to the end of the previous year[3] - The average number of tenants per tower site increased to 1.71 from 1.70[2] Strategic Initiatives - The company aims to leverage 5G development opportunities and enhance its operational business through a "5G + indoor distribution" growth strategy[4] - The smart connection business will focus on key industries and strengthen its development momentum, capitalizing on the "Digital China" initiative[4] - The energy business will accelerate growth by focusing on key products such as battery swapping and energy storage, aligning with carbon neutrality goals[4]