China Tower Profit Surges Despite Interim Revenue Decline and Higher Leverage
I'm LongbridgeAI, I can summarize articles.China Tower reported H1 2026 revenue of RMB48.7 billion, down 1.8% YoY, as traditional tower service declines offset growth in smart and energy segments. Despite an 11.6% drop in EBITDA, net profit surged 30.1% to RMB7.5 billion, driven by improved margins. The gearing ratio rose to 31.5% due to RMB11.7 billion in capex. The board maintained the interim dividend at RMB0.19122 per share, signaling confidence in cash generation amid its 'One Core and Two Wings' strategy.
China Tower ( (HK:0788) ) has provided an announcement.
China Tower reported first-half 2026 operating revenue of RMB48.7 billion, down 1.8% year-on-year, as declines in its traditional tower services to telecom service providers outweighed growth in newer businesses. Revenue from its core TSP segment fell 5.0% to RMB40.4 billion, with tower revenue down 6.7%, while indoor DAS revenue rose 9.2% to RMB5.1 billion, Smart Tower revenue grew 12.8% to RMB5.3 billion and Energy business revenue increased 17.3% to RMB2.6 billion.
Despite softer topline and an 11.6% drop in EBITDA to RMB30.3 billion, profit attributable to shareholders jumped 30.1% to RMB7.5 billion, lifting net margin to 15.4%. The group’s gearing ratio climbed to 31.5% amid RMB11.7 billion of capital expenditure, and the board maintained its dividend policy with an interim payout of RMB0.19122 per share, signaling confidence in cash generation as it deepens its “One Core and Two Wings” strategy and supports China’s 5G expansion and digital infrastructure rollout.
The most recent analyst rating on (HK:0788) stock is a Sell
with a HK$8.10 price target.
To see the full list of analyst forecasts on China Tower stock,
see the HK:0788 Stock Forecast page.
More about China Tower
China Tower Corporation Limited is a state-backed telecommunications infrastructure provider in China, specializing in tower assets, indoor distributed antenna systems and related smart tower and energy services. The company underpins mobile operators’ network build-out, including 5G coverage, and supports national initiatives such as “Cyberpower”, “Digital China” and the country’s dual carbon goals.
Average Trading Volume: 16,568,024
Technical Sentiment Signal: Sell
Current Market Cap: HK$170.2B
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