Core Insights - China Tower Corporation (00788.HK) reported stable revenue growth for the first half of 2025, achieving operating revenue of 49.601 billion RMB, a year-on-year increase of 2.8% [1] - EBITDA reached 34.227 billion RMB, reflecting a year-on-year growth of 3.6% [1] - Profit attributable to shareholders was 5.757 billion RMB, up 8% compared to the previous year [1] - The company declared an interim dividend of 0.13250 RMB per share (pre-tax) [1] Revenue Breakdown - Revenue from operator services amounted to 42.461 billion RMB, showing a year-on-year increase of 0.8% [1] - Revenue from tower-related services was 37.797 billion RMB, remaining stable compared to the same period last year [1] - Revenue from indoor distributed antenna systems reached 4.664 billion RMB, marking a year-on-year growth of 12% [1] - Smart connection services generated revenue of 4.726 billion RMB, with an 18.7% year-on-year increase [1] - Energy services revenue was 2.209 billion RMB, reflecting a year-on-year growth of 9.2% [1]

Core Insights - China Tower Corporation (00788.HK) reported stable revenue growth for the first half of 2025, achieving revenue of RMB 49.601 billion, a year-on-year increase of 2.8% [1] - EBITDA reached RMB 34.227 billion, up 3.6% year-on-year, with an EBITDA margin of 69.0% [1] - Net profit attributable to shareholders was RMB 5.757 billion, reflecting an 8.0% year-on-year growth, with a net profit margin of 11.6% [1] Revenue Breakdown - Revenue from operator services amounted to RMB 42.461 billion, a 0.8% increase year-on-year [1] - Tower business revenue was RMB 37.797 billion, remaining stable compared to the same period last year [1] - Indoor distributed antenna system (IDAS) revenue grew by 12.0% to RMB 4.664 billion [1] - Smart connection business revenue increased by 18.7% to RMB 4.726 billion [1] - Energy business revenue rose by 9.2% to RMB 2.209 billion [1] Cash Flow and Financial Position - Net cash flow from operating activities was RMB 28.679 billion, a decrease of RMB 4.151 billion year-on-year [2] - Capital expenditures totaled RMB 12.392 billion, with free cash flow reaching RMB 16.287 billion, down RMB 2.814 billion year-on-year [2] - As of June 30, 2025, total assets were RMB 331.127 billion, with interest-bearing liabilities of RMB 92.639 billion [2] - The net debt-to-equity ratio was 29.5%, a decrease of 1.5 percentage points from the end of the previous year, indicating a stable financial position [2]