China Tower Corporation Limited's 2024 Half-Year Performance Revenue Growth and Business Updates
TapTechNews August 7th news, China Tower Corporation Limited announced in the Hong Kong Stock Exchange today that in the first half of 2024, the company's operating income reached 48.247 billion yuan, an increase of 3.8% year-on-year; EBITDA reached 33.045 billion yuan, an increase of 3.2% year-on-year, and the EBITDA rate was 68.5%; The profit attributable to the company's shareholders was 5.33 billion yuan, an increase of 10.1% year-on-year, and the net profit margin was 11%.
In the first half of 2024, the performance of China Tower's various businesses is as follows:
The revenue of the operator business was 42.121 billion yuan, an increase of 3% year-on-year. Among them, the revenue of the tower business was 37.957 billion yuan, an increase of 1.3% year-on-year; the revenue of the indoor distributed antenna system business was 4.164 billion yuan, an increase of 21.6% year-on-year.
The revenue of the smart connection business was 39.82 billion yuan, an increase of 17.6% year-on-year.
The revenue of the energy business was 20.23 billion yuan, an increase of 2.4% year-on-year; among them, the income of the tower battery swap business achieved 11.63 billion yuan, accounting for 57.5% of the energy business income.
As of the end of June 2024, The number of tower sites of China Tower was 2.07 million, an increase of 24,000 compared to the end of the previous year; the number of operator tower tenants reached 3.493 million, an increase of 69,000 compared to the end of the previous year; the average number of tenants per operator tower site increased from 1.68 at the end of the previous year to 1.71, and the site sharing level was further improved.
As of June 30, 2024, The number of tower battery swap users was about 1.217 million, an increase of 72,000 compared to the end of the previous year, maintaining the leading position in the low-speed electric vehicle battery swap market.
TapTechNews attaches the performance table as follows:
