Nan Fang Du Shi Bao·2026-03-18 10:51Core Insights - China Tower reported a total revenue of RMB 100.41 billion for 2025, representing a year-on-year growth of 2.7% [2] - EBITDA for the year was RMB 65.81 billion, showing a decline of 1.1% compared to the previous year [2] - The profit attributable to shareholders reached RMB 11.63 billion, an increase of 8.4%, with a net profit margin of 11.6% [2] Revenue Breakdown - The operator business, which is the core segment, generated revenue of RMB 84.73 billion, a growth of 0.7% year-on-year [5] - Tower business revenue was RMB 75.50 billion, down 0.3% year-on-year, attributed to reduced social costs and increased lease terminations [8] - Indoor distribution system (室分) business revenue was RMB 9.23 billion, up 9.5% year-on-year, driven by demand in key sectors like transportation and healthcare [9] Growth in New Business Segments - The combined revenue from the two wings (Smart Connection and Energy) reached RMB 14.99 billion, accounting for 14.9% of total revenue, an increase of 1.2 percentage points [9] - Smart Connection business revenue exceeded RMB 10.17 billion, growing by 14.2% year-on-year, focusing on digital governance and industry applications [9] - Energy business revenue was RMB 4.81 billion, up 7.5% year-on-year, with significant growth in battery swap services [10] Future Strategy - The company aims to enhance its core competitiveness and foster new productive forces, adhering to a shared development philosophy [10] - China Tower plans to leverage opportunities in new infrastructure development and improve resource coordination and delivery capabilities [10] - The focus will be on expanding business development space and meeting customer needs through innovative solutions [10][11]