Summary by Futu AI
China Tower (the "Company") released unaudited financial and business data for the first three quarters of 2024 on October 18, 2024. The report shows that the company's revenue reached 72.452 billion RMB, a year-on-year increase of 3.3%. Operator business revenue was 63.124 billion yuan, a year-on-year increase of 2.4%, with tower business revenue increasing by 0.9% and indoor distribution business revenue significantly increasing by 18.0%. Smart connection and energy business achieved growth rates of 17.5% and 1.0% respectively. The company's EBITDA was 49.717 billion yuan, a year-on-year increase of 3.4%, while the profit attributable to shareholders of the company reached 8.153 billion yuan, a year-on-year increase of 11.0%. As of September 30, 2024, the company had a total of 2.081 million tower sites and 3.753 million tower tenants. The board of directors of the company emphasizes that the above data is unaudited and reminds shareholders and investors to exercise caution when relying on it.