HONG KONG SAR – Media OutReach Newswire – 11 August 2026 – The world’s largest telecommunications infrastructure service supplier China Tower Company Restricted (“China Tower”, or the “Firm”) (Inventory Code: 0788.HK) is happy to announce its interim outcomes for the six months ended 30 June 2026.
Within the first half of 2026, the Firm’s working income reached RMB 48,693 million, a lower of 1.8% year-on-year. EBITDA amounted to RMB 30,252 million, a lower of 11.6% year-on-year, with an EBITDA margin[2] of 62.1%. Revenue attributable to the house owners of the Firm reached RMB 7,489 million, a rise of 30.1% year-on-year, with a internet revenue margin of 15.4%.
Web money generated from working actions amounted to RMB 7,135 million. Capital expenditure stood at RMB 11,650 million. As at 30 June 2026, our complete property amounted to RMB 351,237 million, with interest-bearing liabilities of RMB 101,392 million and a gearing ratio[3] of 31.5%, representing a rise of three.8 share factors from the tip of 2025.
The Firm attaches nice significance to shareholder returns. After contemplating our profitability, money circulation and capital necessities for future growth, the board of administrators of the Firm has resolved to distribute an interim dividend of RMB 0.19122 per share (pre-tax).[4] We are going to work in direction of realizing regular progress in annual dividend fee per share and proceed creating larger worth for shareholders.
The Firm additional deployed the Twin-Gigabit community joint-entry implementation and made vital progress in implementing particular initiatives equivalent to upgrading sign energy and lengthening broadband protection to all border areas, forests and grasslands. We targeted on enhancing useful resource sharing and coordination of community assets so as to absolutely fulfill our prospects’ various, high-quality community development wants, and assist the growth of 5G community penetration and protection. Within the first half of 2026, our TSP enterprise recorded income of RMB 40,357 million, a lower of 5.0% year-on-year.
Tower enterprise. We deepened the implementation of our embedded service mechanism, aligning with TSPs’ community development planning and comprehensively addressing their calls for for community requirements/frequency bands. We strengthened the revolutionary software of regionalized merchandise and complete options to totally meet prospects’ differentiated wants. Leveraging our intensive web site useful resource knowledge, we proactively performed protection evaluation to reinforce community optimization capabilities, serving to TSPs obtain exact planning and exact development. Specializing in prospects’ most urgent considerations, we leveraged the Firm’s useful resource coordination benefits and carried out particular initiatives to deal with troublesome websites, enhancing development and supply effectivity. We absolutely carried out the built-in coordination of “assets + demand”, actively participating with community protection wants in key industries equivalent to tradition and tourism, schooling, and transportation. Adhering to a customer-oriented philosophy, we continued to optimize end-to-end enterprise processes and administration requirements to serve prospects’ community protection development effectively. Impacted by prospects’ optimization and adjustment of community deployment, simplified base station upgrades, and the continued growth of the unified 4G community by China Telecom and China Unicom, our Tower enterprise income within the first half of 2026 reached RMB 35,263 million, a lower of 6.7% year-on-year. As of 30 June 2026, the Firm managed a complete of two.172 million tower websites, a rise of 23,000 websites in comparison with the tip of 2025. TSP tenants reached 3.565 million, a lower of two,000 in comparison with the tip of 2025. Our TSP tenancy ratio was 1.69.
DAS enterprise. We continued to give attention to high-value and livelihood-critical situations, strengthening useful resource coordination, joint development and shared growth. In assist of the implementation of the Technical Normal for Engineering of Cell Communication Infrastructure in Buildings, we accelerated engagement with newly constructed constructing initiatives and coordinated the synchronized planning and development of supporting telecommunications amenities, reaching early useful resource deployment and environment friendly rollout. We continued to reinforce product and repair competitiveness, and steadily superior iterative 5G community upgrades on high-speed railways, upgraded sign energy to deal with protection in elevators and underground parking heaps and deployed shared repeaters at scale in on a regular basis situations equivalent to tunnels and residential communities, serving to TSPs obtain environment friendly, intensive and low-cost growth of indoor and outside community protection. Within the first half of 2026, our DAS enterprise income reached RMB 5,094 million, a rise of 9.2% year-on-year. As of 30 June 2026, we had coated buildings with a cumulative space of 16.17 billion sq. meters, whereas the protection in railway tunnels and subways reached a cumulative size of 36,111 kilometers.
Consolidated benefits to drive speedy progress of Two Wings enterprise
The Firm continued to strengthen product innovation and optimized enterprise planning to enhance core competencies and drive the continued speedy progress of our Two Wings enterprise. Within the first half of 2026, revenues from our Two Wings enterprise reached RMB 7,923 million, accounting for 16.3% of our total working income and representing a rise of two.3 share factors over the identical interval final yr.
Sensible Tower enterprise. Specializing in spatial digital intelligence governance, we continued to deepen our presence in key sectors and key situations. Greater than 260,000 “digital towers” now serve over 10 industries, together with land and assets, emergency response, water conservancy, and environmental safety, with our market share steadily enhancing in key areas equivalent to straw burning prohibition, farmland safety, and catastrophe alert. We deepened useful resource sharing on the distributed platform and optimized algorithm iteration for mid-to-high factors. We continued to implement the “AI+” particular challenge, deepening the applying of huge fashions for spatial digital intelligence governance and selling the revolutionary upgrading of trade software situations. We actively positioned ourselves in rising fields such because the low-altitude financial system, accelerating the R&D of associated merchandise. We continued to uphold a customer-oriented philosophy, improved our high-standard service system and the event of native technical assist groups, strengthened full-process assist for product iteration and growth, challenge development and supply, and operation and upkeep, and constantly enhanced buyer satisfaction. Within the first half of 2026, our Sensible Tower enterprise achieved income of RMB 5,332 million, a year-on-year improve of 12.8%. Of which, RMB 3,200 million was generated from Tower Monitoring enterprise, accounting for 60.0% of our Sensible Tower enterprise.
Power enterprise. We targeted on growing key enterprise segments together with battery trade and energy backup. By leveraging our core strengths in product, service, and platform, we continued to refine the standard of our operations and solidify our aggressive benefits out there. For the battery trade enterprise, we strengthened our presence within the client categorical supply and meals supply sectors and strengthened the refined operation of our consumer base, reinforcing buyer retention with high-quality service. As of 30 June 2026, we had roughly 1.493 million battery trade customers, a rise of 16,000 from the tip of 2025, additional sustaining our main place out there. We accelerated the deployment of our group charging infrastructure community for low-speed electrical automobiles, enabling service upgrades and constantly increasing our service protection and consumer base. For the facility backup enterprise, we targeted on key trade sectors, analyzed prospects’ core wants, strengthened platform and repair functionality growth, stepped up the promotion of complete trade options, and continued to reinforce the affect of the China Tower “power butler” model. Within the first half of 2026, our Power enterprise achieved income of RMB 2,591 million, a year-on-year improve of 17.3%. Of which, the battery trade enterprise accounted for RMB 1,595 million, up by 20.6% year-on-year, contributing 61.6% of the Power enterprise income.
Innovation-driven growth with steadily enhanced technological capabilities
Targeted on the “One Core and Two Wings” technique, the Firm concentrated its assets on fixing technological challenges, accelerating the commercialization of analysis achievements, and fostering the event of latest high quality productive forces. Within the first half of the yr, our R&D funding and R&D staff measurement elevated by 23% and 22%, respectively, whereas patent purposes and patent authorizations grew by 15% and 132%, respectively, in comparison with the identical interval final yr. One technological achievement acquired the second prize of the State Science and Expertise Progress Award, and we led the initiation of two further worldwide requirements. A sequence of revolutionary merchandise achieved large-scale business software, together with new 5G leaky cables, the Tower Monitoring platform, video AI algorithms for mid-to-high factors, and the built-in power service platform. The cumulative variety of technological achievements and the variety of achievements deployed at scale elevated by 43% and 57%, respectively, from the tip of 2025. The spatial governance knowledge set of our Tower Monitoring community was acknowledged as an excellent achievement among the many high-quality trade knowledge units of central state-owned enterprises, whereas our digital intelligence IoT built-in governance situation was included among the many strategic high-value AI situations for central state-owned enterprises. Our expertise innovation system continued to enhance, with the high-quality growth of our six technological innovation facilities. We joined the innovation consortia and expertise commercialization consortia of central enterprises for fields together with the low-altitude financial system, robotics, and quantum expertise.
Mr. Zhang Zhiyong, Chairman of China Tower mentioned, “Within the first half of 2026, we actively seized the alternatives caused by the nationwide methods of ‘Cyberpower’, ‘Digital China’, and ‘Twin Carbon’ objectives. Wanting forward, we’ll stay anchored within the ‘One Core and Two Wings’ strategic positioning, specializing in strengthening our core capabilities and competitiveness, additional deepening useful resource sharing, and enhancing working effectivity, to create larger worth for shareholders, prospects, and society.”
[1] EBITDA is calculated by working revenue plus depreciation and amortization.
[2] EBITDA margin is calculated by dividing EBITDA by working income, and multiplying the ensuing worth by 100%.
[3] Gearing ratio is calculated as internet debt (Curiosity-bearing liabilities minus the amount of money and money equivalents) divided by the sum of complete fairness and internet debt, then multiplied by 100%.
[4] The Firm’s share consolidation and capital discount took impact on 20 February 2025. The Firm’s complete issued share capital was diminished from 176,008,471,024 shares to 17,600,847,102 shares. Making an allowance for the aforementioned change in complete issued share capital, the expansion price is calculated based mostly on the full quantity of dividends.
The issuer is solely answerable for the content material of this announcement.
China Tower is the world’s largest telecommunications tower infrastructure service supplier, and the Firm at all times adheres to the philosophy of shared growth and implements the “One Core and Two Wings” technique. The Firm is principally engaged within the development, upkeep and operation of base station ancillary amenities equivalent to telecommunications towers, public community protection in high-speed railways and subways, and large-scale indoor Distributed Antenna Programs (DAS). In the meantime, counting on distinctive assets to offer power software companies equivalent to info software and clever battery trade and energy backup to the society, the Firm strives to construct itself right into a world-class built-in digital infrastructure service supplier, and a extremely aggressive info and new power purposes supplier. As of the tip of June 2026, the Firm’s complete property amounted to RMB 351,237 million. China Tower operated and managed 2.172 million tower websites throughout 31 provinces, municipalities and autonomous areas within the PRC, and served over 3.871 million tenants with the tenancy ratio of 1.78.
