Zhong Guo Chan Ye Jing Ji Xin Xi Wang·2025-08-13 22:14Core Insights - China Tower reported a mid-year performance for 2025 with operating revenue of 49.601 billion yuan, a year-on-year increase of 2.8%, and an EBITDA of 34.227 billion yuan, up 3.6% [1] - The company continues to implement its "one body, two wings" strategy, focusing on operator business as the core and leveraging unique resource advantages in smart connection and energy businesses [1] Group 1: Operator Business Performance - The operator business maintained stability, generating revenue of 42.461 billion yuan, a 0.8% increase year-on-year [2] - Tower business revenue was 37.797 billion yuan, remaining flat compared to the previous year, with a total of 2.119 million tower sites, an increase of 25,000 sites from the end of last year [2] - The indoor distribution business achieved revenue of 4.664 billion yuan, growing by 12.0%, with a cumulative coverage area of 13.85 billion square meters, up 20.0% year-on-year [2] Group 2: Smart Connection and Energy Business Growth - The "two wings" business achieved revenue of 6.935 billion yuan, accounting for 14.0% of total operating revenue, an increase of 1.6 percentage points year-on-year [3] - Smart connection business revenue was 4.726 billion yuan, up 18.7%, with the tower vision business contributing 2.822 billion yuan, representing 59.7% of smart connection revenue [3] - Energy business revenue reached 2.209 billion yuan, a 9.2% increase, with the battery swap business generating 1.323 billion yuan, accounting for 59.9% of energy revenue [3] Group 3: Technological Innovation and Future Outlook - The company emphasized technological innovation, focusing on key technologies such as 5G, AI, and IoT, with a 29% increase in R&D personnel compared to the previous year [4] - The number of authorized invention patents increased by 16% from the end of 2024, indicating a commitment to enhancing innovation efficiency [4] - The chairman stated that the company will continue to optimize resource allocation and deepen reform and innovation to enhance core competitiveness and drive high-quality development [4]