China Tower Corporation ( (CHWRD) ) has released its Q4 earnings. Here is a breakdown of the information China Tower Corporation presented to its investors.
China Tower Corporation Limited is a leading provider of telecommunications infrastructure services in China, specializing in tower, distributed antenna system (DAS), smart tower, and energy businesses. The company operates primarily in the telecommunications sector, offering a unique blend of digital infrastructure and energy solutions.
In its latest earnings report for the year ended December 31, 2024, China Tower Corporation reported steady growth in operating revenue, reaching RMB97,772 million, a 4.0% increase from the previous year. The company also saw a significant rise in profitability, with EBITDA increasing by 4.7% to RMB66,559 million and profit attributable to owners of the company growing by 10.0% to RMB10,729 million.
Key financial highlights include a robust performance in the Smart Tower business, which saw a 22.4% increase in revenue, and the DAS business, which grew by 18.1%. The company’s Energy business also experienced a 6.2% rise in revenue, driven by the expansion of battery exchange services. Additionally, China Tower improved its site co-location efficiency, with the tower tenancy ratio increasing to 1.81.
Looking forward, China Tower Corporation aims to deepen its “One Core and Two Wings” strategy, focusing on enhancing its core competitiveness and expanding its presence in the digital infrastructure and energy sectors. The company is committed to leveraging opportunities in 5G network expansion and digital economy growth, while continuing to optimize its business operations for sustainable development.
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