Summary by Futu AI
China Iron Tower announced on 18 March 2024 its annual results for the year ended 31 December 2023. Operating income reached RMB940.09 billion, an increase of 2.0% year-on-year. Among them, operating business revenue decreased 1.0%, tower business revenue decreased 2.8%, room division revenue increased 22.5%, Intellient business revenue grew 27.7% and energy business revenue grew 31.7%. The company's overall share level increased, with EBITDA reaching RMB635.51 million, and the profit attributable to the company's shareholders increased by 11.0% to RMB97.5 billion. The company's overall strength is further enhanced and it is proposing a final dividend of RMB0.03739 per share, with a total dividend of 75% for the full year. Capital expenditure was RMB317.15 billion, net cash flow from operating activities was RMB38.4 billion, and free cash flow was RMB11.25 million. As of the end of 2023, the company had a total assets of RMB3,260.07 billion, with an interest-bearing debt of RMB946.26 billion, a net debt leverage ratio of 31.4%, and a healthy capital structure.