Understanding the Market | CHINACOMSERVICE fell nearly 4% after earnings, with a slight year-on-year increase of 0.18% in interim profit attributable to shareholders, and stable development in the market for three major clients

China Communications Services fell nearly 4% after its earnings report, as of the time of writing, down 3.7% to HKD 4.68, with a transaction volume of HKD 21.577 million. On August 21, China Communications Services announced its performance for the six months ending June 30, 2025, reporting operating revenue of RMB 76.939 billion, an increase of 3.4% year-on-year; profit attributable to shareholders of RMB 2.129 billion, an increase of 0.18% year-on-year; and basic earnings per share of RMB 0.307. The announcement stated that the group's operating performance showed stable growth, with operating revenue increasing by 3.4% compared to the first half of 2024, of which service revenue reached RMB 74.981 billion, a 2.9% increase from RMB 72.855 billion in the first half of 2024. The group's three major customer markets are developing steadily. Among them, the group is seizing the market space driven by the transformation of artificial intelligence technology, undertaking multiple intelligent computing center construction and data center renovation projects, with significant revenue growth from the domestic non-telecom operator customer market. The combined revenue from the domestic non-telecom operator customer market and overseas markets accounted for more than half of the operating revenue for the first time