

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]