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Build nearly 600000 5G base stations! China Tower made a profit of 9.75 billion yuan last year, deepening the strategic layout of "one body and two wings"

Release time:

2023-10-23

When talking about the SASAC's promotion of market value management into the assessment and evaluation system of state-owned enterprises, Zhang Zhiyong said that strengthening market value management is the core element of high-quality development, which can promote the better allocation of overall resources and bring returns to shareholders in the long run. He mentioned that since the listing of the group, revenue and profits have shown a good trend, and will seize the opportunity of high-quality development in the future, including a series of requirements issued by the state to promote the increase of 5G coverage and application.

As the world's largest supplier of communication towers, China Tower (00788.HK) last year's performance remained stable and profitability was further enhanced. The financial data disclosed by the company showed that in 2023, it achieved revenue of 94.009 billion yuan (RMB, the same below), a year-on-year increase of 2.0; it achieved a net profit of 9.75 billion yuan, a year-on-year increase of 11.0. The board of directors of the company proposed to pay a final dividend of 0.03739 yuan per share (before tax) for the year ended December 31 last year, and the total annual dividend accounted for 75% of the company's distributable profit for the year.

Zhang Zhiyong, chairman of China Tower, said at the performance conference that in the face of strategic opportunities in the future, the company will further promote the implementation of the "one body and two wings" strategy, focus on high-quality operation, continue to build a "five-oriented" operation system, and build a "five-type" enterprise. Continuously enhance the core competitiveness, promote the continuous improvement of the company's value, and the high-quality development of the enterprise to a new level.

When talking about the SASAC's promotion of market value management into the assessment and evaluation system of state-owned enterprises, Zhang Zhiyong said that strengthening market value management is the core element of high-quality development, which can promote the better allocation of overall resources and bring returns to shareholders in the long run. He mentioned that since the listing of the group, revenue and profits have shown a good trend, and will seize the opportunity of high-quality development in the future, including a series of requirements issued by the state to promote the increase of 5G coverage and application.

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