Nan Fang Du Shi Bao·2025-08-06 07:19Core Viewpoint - China Tower Corporation (stock code 788.HK) reported stable financial performance for the first half of 2025, with revenue growth and improved profitability metrics [2][3]. Financial Performance - For the first half of 2025, the company achieved operating revenue of 49.601 billion RMB, a year-on-year increase of 2.8% [2]. - EBITDA reached 34.227 billion RMB, reflecting a 3.6% year-on-year growth [2]. - Net profit attributable to shareholders was 5.757 billion RMB, up 8.0% year-on-year, with a net profit margin of 11.6% [2]. - As of June 30, 2025, total assets amounted to 331.127 billion RMB, with interest-bearing liabilities of 92.639 billion RMB, resulting in a net debt leverage ratio of 29.5%, a decrease of 1.5 percentage points from the end of the previous year [2]. Dividend Distribution - The board of directors declared an interim dividend of 0.13250 RMB per share (pre-tax) [2]. Business Operations - The company emphasized its role in 5G infrastructure development, focusing on initiatives such as the "Dual Gigabit" network and "Signal Upgrade" projects [2]. - Revenue from the operator business segment was 42.461 billion RMB, showing a 0.8% year-on-year increase [2]. Research and Development - The number of R&D personnel increased by 29% compared to the same period last year, and the total number of authorized invention patents rose by 16% since the end of 2024 [3]. - Key areas of focus in R&D included next-generation mobile communications, artificial intelligence, and 5G+Beidou technologies [3]. Strategic Direction - The chairman stated that the company will continue to optimize resource allocation and deepen reform and innovation to enhance operational efficiency and core competitiveness [3]. - The company aims to uphold the shared development philosophy and maintain its "One Body, Two Wings" strategic layout to strengthen its core competitiveness [3].