Summary by Futu AI
China Tower achieved stable growth in the first half of 2024, with revenue reaching 48.247 billion RMB, a year-on-year increase of 3.8%. Among them, operator business revenue was 42.121 billion RMB, a year-on-year increase of 3.0%; smart connectivity business revenue was 3.982 billion RMB, a year-on-year increase of 17.6%; energy business revenue was 2.023 billion RMB, a year-on-year increase of 2.4%. The operating profit reached 81.46 million RMB, a year-on-year increase of 9.9%. The profit attributable to the company's shareholders was 5.33 billion RMB, a year-on-year increase of 10.1%. Capital expenditures were 13.729 billion RMB, a year-on-year increase of 7.1%. Net cash flow from operating activities was 32.83 billion RMB, an increase of 21.275 billion RMB compared to the same period last year. Basic earnings per share were 0.0305 RMB, a year-on-year increase of 10.1%. The board of directors recommends a mid-term dividend of 0.01090 RMB per share (pre-tax), expected to be paid on or around November 29, 2024.
