Zhi Tong Cai Jing·2025-08-05 04:35Core Viewpoint - China Tower (00788) reported stable revenue growth for the half-year ending June 30, 2025, with operating income reaching RMB 49.601 billion, a year-on-year increase of 2.8% [1] - The company continues to enhance its profitability, with EBITDA reaching RMB 34.227 billion, up 3.6% year-on-year, and net profit attributable to shareholders at RMB 5.757 billion, an increase of 8.0% [1] Group 1: Financial Performance - Operating cash flow for the period was RMB 28.679 billion, with free cash flow amounting to 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 2: Business Development - The company is optimizing resource allocation and deepening reform and innovation, leading to improved operational quality and efficiency [1] - In the first half of 2025, the operator business generated revenue of RMB 42.461 billion, reflecting a 0.8% year-on-year growth [1] Group 3: Two-Wing Business Growth - The two-wing business achieved revenue of RMB 6.935 billion in the first half of 2025, accounting for 14.0% of total revenue, an increase of 1.6 percentage points compared to the same period last year [2] - The company is focusing on technological innovation, enhancing core capabilities, and driving business growth [2] Group 4: R&D and Innovation - The company is strengthening its R&D in key technologies such as next-generation mobile communications, artificial intelligence, edge computing, and IoT, with a 29% increase in R&D personnel compared to the same period last year [2] - The number of authorized invention patents increased by 16% compared to the end of 2024 [2]