Core Viewpoint - China Communication Services (中通服) reported its mid-year results for 2025, highlighting its proactive response to declining capital expenditures in traditional sectors and its focus on opportunities arising from the continuous development of the digital economy and the spillover effects of artificial intelligence [1][3]. Financial Performance - The operating revenue for the period was RMB 76.939 billion, representing a year-on-year increase of 3.4% [3]. - Net profit reached RMB 2.129 billion, with a slight year-on-year growth of 0.2% [3]. - Gross profit margin stood at 10.3%, while net profit margin was 2.8%, both showing a decline of 0.1 percentage points year-on-year [3]. - Operating gross profit was RMB 7.888 billion, down 2.8% year-on-year [3]. - Return on equity (ROE) was reported at 9.3%, with basic earnings per share at RMB 0.307 [3]. Market Development - The company experienced significant growth in its three major customer markets, particularly in the non-telecom operator group market, which generated revenue of RMB 36.585 billion, a year-on-year increase of nearly 12.9% [3]. - Revenue from non-telecom operator group customers and overseas markets accounted for over half of the total operating revenue for the first time [3]. Artificial Intelligence Initiatives - The artificial intelligence delivery team expanded to over 1,400 members, focusing on customized services such as intelligent computing infrastructure construction, data governance, and scenario-based application development [4]. - New contracts in the AI sector exceeded RMB 1.3 billion in the first half of the year, covering over 200 clients [4]. International Expansion - The company is actively involved in the "Belt and Road" initiative, developing high-value projects and enhancing the quality of traditional communication services while extending into new sectors like industrial digitalization and renewable energy [4]. - Revenue from overseas markets reached RMB 2.151 billion, reflecting a year-on-year growth of 8.7% [4]. Future Outlook - The chairman of the company emphasized the commitment to advancing the "AI+" initiative, enhancing internal governance, and strengthening service capabilities to build a technology-driven enterprise centered around artificial intelligence [4].

上半年，中国通信服务三大业务板块均保持向好态势。其中，电信基建服务收入382.72亿元，同比增长1.6%；业务流程外判服务收入223.83亿元，同比增长 1.0%；应用、内容及其他服务收入162.84亿元，同比增长11.7%。 来源：上海证券报·中国证券网 上证报中国证券网讯（记者 黎灵希）8月21日，港股上市公司中国通信服务披露2025年上半年业绩。报告期内，公司实现经营收入769.39亿元（人民币，以 下同），同比增长3.4%；净利润21.29亿元，同比增长0.2%。 中国通信服务2025年中期业绩发布会现场，图片为公司提供 中国通信服务董事长栾晓维表示，公司坚定"新一代综合智慧服务商"定位，坚持以客户为中心，强化科技创新引领，全面拥抱人工智能，进一步全面深化改 革，因地制宜发展新质生产力。同时，公司积极布局新兴市场，聚焦智算中心、智慧运维、新能源等领域，不断创新业务模式，打造兼具规模和效益的行业 领先产品，建立核心客户与核心生态，增强发展新动能。 报告期内，中国通信服务发挥能力优势，三大客户市场稳健发展。在国内电信运营商市场，公司坚持用高质量交付稳固传统业务基本盘，同时聚焦运营商客 户转型需求，推动从传 ...