View ValuationChina Tower 将来の成長Future 基準チェック /16China Tower利益と収益がそれぞれ年間11.5%と2.5%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に8.3% 11%なると予測されています。主要情報11.5%収益成長率11.00%EPS成長率Telecom 収益成長21.5%収益成長率2.5%将来の株主資本利益率8.31%アナリストカバレッジGood最終更新日16 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • 12hLess than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Zhenjiang Pei was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Apr 02China Tower Corporation Limited to Report Q1, 2026 Results on Apr 17, 2026China Tower Corporation Limited announced that they will report Q1, 2026 results on Apr 17, 2026お知らせ • Mar 18China Tower Corporation Limited, Annual General Meeting, May 15, 2026China Tower Corporation Limited, Annual General Meeting, May 15, 2026.お知らせ • Mar 05China Tower Corporation Limited to Report Fiscal Year 2025 Results on Mar 18, 2026China Tower Corporation Limited announced that they will report fiscal year 2025 results on Mar 18, 2026お知らせ • Dec 24China Tower Corporation Limited Announces Directorate and Board Committees Changes, Effective December 23, 2025China Tower Corporation Limited announced the appointment of Mr. Luan Xiaowei as a non-executive Director, approved at the EGM, with his term of office commencing from December 23, 2025 and ending upon the expiration of term of the third session of the Board and the election of the new session of the Board. The Company will enter into a service contract with Mr. Luan. Reference is made to the announcement of the Company dated November 20, 2025. As disclosed in the announcement, Mr. Liu Guiqing ("Mr. Liu") had tendered his resignation on November 20, 2025, and such resignation shall take effect from the date on which the new non-executive Director is elected in the EGM. As the appointment of Mr. Luan as a non-executive Director was approved by the Shareholders at the EGM, the Board hereby announces that the resignation of Mr. Liu has become effective on December 23, 2025. Change in the Composition of Board Committees: The Board further announces that Mr. Luan has been appointed as a member of each of the strategy committee and the audit committee of the Board. The above changes has become effective on December 23, 2025.お知らせ • Oct 02China Tower Corporation Limited to Report Nine Months, 2025 Results on Oct 16, 2025China Tower Corporation Limited announced that they will report nine months, 2025 results on Oct 16, 2025お知らせ • Jul 24China Tower Corporation Limited to Report First Half, 2025 Results on Aug 05, 2025China Tower Corporation Limited announced that they will report first half, 2025 results on Aug 05, 2025お知らせ • Jul 23China Tower Corporation Limited Announces Board ChangesChina Tower Corporation Limited announced that at its EGM held on July 23, 2025, shareholders approved the appointment of Mr. Miao Shouye as a non- executive director of the Company and appointment of Mr. Pei Zhenjiang as an independent non-executive director of the Company. The company announced that the appointment of Mr. Wen Bugao as an independent non-executive director of the Company. The appointment of Mr. Miao Shouye ("Mr. Miao") as a non-executive Director was approved at the EGM and his term of office has commenced from 23 July 2025 and will end upon the expiration of term of the third session of the Board and the election of the new session of the Board. The Company will enter a service contract with Mr. Miao. He will not receive director's remuneration during his term as a director. The appointments of Mr. Pei Zhenjiang (Mr. Pei) and Mr. Wen Bugao (Mr. Wen) as independent non-executive Directors were approved at the EGM and their term of office has commenced from 23 July 2025 and will end upon the expiration of term of the third session of the Board and the election of the new session of the Board. The Company will enter into service contracts with Mr. Pei and Mr. Wen, and the Board will determine the remuneration of Mr. Pei and Mr. Wen with reference to their duties, responsibilities, experience as well as the prevailing market condition. Reference is made to the announcement of the Company dated 30 June 2025. As disclosed in the announcement, Mr. Tang Yongbo ("Mr. Tang"), Mr. Dong Chunbo ("Mr. Dong") and Mr. Sin Hendrick ("Mr. Sin") had tendered their resignations on 30 June 2025, and such resignations shall take effect from the date on which the new non-executive Director and independent non-executive Directors are elected in the EGM. As the appointment of Mr. Miao as a non-executive Director and the appointments of Mr. Pei and Mr. Wen as independent non-executive Directors were approved by the Shareholders at the EGM, the Board hereby announced that the resignations of Mr. Tang, Mr. Dong and Mr. Sin have become effective on 23 July 2025. The Board further announced that the composition of the Board committees has been adjusted as follows, which became effective on 23 July 2025: Mr. Miao Shouye, a non-executive Director, has been appointed as a member of each of the strategy committee and the remuneration and appraisal committee of the Board; Mr. Pei Zhenjiang, an independent non-executive Director, has been appointed as the chairman of the remuneration and appraisal committee of the Board, and a member of each of the audit committee, the nomination committee, and the connected transaction committee of the Board; and Mr. Wen Bugao, an independent non-executive Director, has been appointed as a member of each of the remuneration and appraisal committee, the audit committee, the nomination committee, and the connected transaction committee of the Board.お知らせ • Jun 30China Tower Corporation Limited Announces Board ResignationsThe board of directors of China Tower Corporation Limited announced the resignation of the following directors of the Company: Mr. Tang Yongbo has resigned from his positions as a non-executive Director, a member of each of the Strategy Committee and the Remuneration and Appraisal Committee of the Board, due to change in work arrangement; Mr. Dong Chunbo has resigned from his positions as an independent non- executive Director, the chairman of the Remuneration and Appraisal Committee of the Board, a member of each of the Nomination Committee, the Audit Committee and the Connected Transaction Committee of the Board, due to reason of age; and Mr. Sin Hendrick has resigned from his positions as an independent non- executive Director, a member of each of the Remuneration and Appraisal Committee, the Nomination Committee, the Audit Committee and the Connected Transaction Committee of the Board as he would like to devote more time and energy to his personal endeavours. The above resignations shall take effect from the date on which the new non-executive Director and the independent non-executive Directors are elected by the first extraordinary general meeting of 2025 of the Company to be convened on 23 July 2025 (the Extraordinary General Meeting). Each of Mr. Tang, Mr. Dong and Mr. Sin has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.お知らせ • May 20+ 1 more updateChina Tower Corporation Limited Approves Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on 30 June 2025China Tower Corporation Limited at its AGM held on May 20, 2025, approved the proposal on profit distribution and the final dividend declaration and payment for the year ended 31 December 2024. The final dividend of RMB 0.30796 per share (equivalent to HKD 0.334013 per share) (pre-tax) . The payment shall be made to Shareholders whose names appear on the register of members of the Company on 30 May 2025. The register of members will be closed from 27 May 2025 to 30 May 2025 (both days inclusive). The final dividend is expected to be paid on or about 30 June 2025 .お知らせ • Apr 03China Tower Corporation Limited to Report Q1, 2025 Results on Apr 17, 2025China Tower Corporation Limited announced that they will report Q1, 2025 results on Apr 17, 2025お知らせ • Mar 17China Tower Corporation Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on 30 June 2025China Tower Corporation Limited proposed a final ordinary dividend of RMB 0.30796 per share for the financial year ended 31 December 2024. The dividend is subject to shareholders' approval on 20 May 2025. The ex-dividend date is set for 23 May 2025, with the record date on 30 May 2025. The dividend will be paid on 30 June 2025.お知らせ • Mar 04China Tower Corporation Limited to Report Fiscal Year 2024 Results on Mar 17, 2025China Tower Corporation Limited announced that they will report fiscal year 2024 results on Mar 17, 2025お知らせ • Nov 21China Tower Corporation Limited Announces Resignation of Gao Chunlei as Executive DirectorThe board of directors of China Tower Corporation Limited announced that, due to change in work arrangement, Mr. Gao Chunlei has resigned from his positions as an executive director of the Company, a member of the nomination committee of the Board and the connected transaction committee of the Board with effect from 18 November 2024.Reported Earnings • Oct 18Third quarter 2024 earnings released: EPS: CN¥0.016 (vs CN¥0.014 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.016 (up from CN¥0.014 in 3Q 2023). Revenue: CN¥24.2b (up 2.2% from 3Q 2023). Net income: CN¥2.82b (up 13% from 3Q 2023). Profit margin: 12% (up from 11% in 3Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 04China Tower Corporation Limited to Report Nine Months, 2024 Results on Oct 18, 2024China Tower Corporation Limited announced that they will report nine months, 2024 results on Oct 18, 2024お知らせ • Sep 13China Tower Corporation Limited Announces Appointment of Zhang Wei as Independent Non-Executive Director and Change in the Composition of Board CommitteesChina Tower Corporation Limited announced that the appointment of Ms. Zhang Wei as an independent non-executive Director was approved at the EGM held on 13 September 2024 and her term of office has commenced from 13 September 2024 and will end upon the expiration of term of the third session of the Board. The Board further announced that the composition of the Board committees has been adjusted as follows, which became effective on 13 September 2024: Mr. Chen Li, an executive Director, has been appointed as a member of each of the strategy committee and the connected transaction committee of the Board; and Ms. Zhang, an independent non-executive Director, has been appointed as the chairman of the audit committee of the Board, a member of each of the remuneration and appraisal committee, the nomination committee and the connected transaction committee of the Board.Upcoming Dividend • Sep 13Upcoming dividend of CN¥0.011 per shareEligible shareholders must have bought the stock before 19 September 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.8%).Reported Earnings • Aug 28Second quarter 2024 earnings released: EPS: CN¥0.015 (vs CN¥0.013 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.015 (up from CN¥0.013 in 2Q 2023). Revenue: CN¥24.3b (up 4.3% from 2Q 2023). Net income: CN¥2.55b (up 9.0% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: CN¥0.015 (vs CN¥0.013 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.015 (up from CN¥0.013 in 2Q 2023). Revenue: CN¥24.3b (up 4.3% from 2Q 2023). Net income: CN¥2.55b (up 9.0% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Aug 07China Tower Corporation Limited Proposes Interim Dividend for the Six Months Ended 30 June 2024, Payable on 29 November 2024China Tower Corporation Limited proposed Interim Dividend of RMB 0.0109 per share for the Six Months Ended 30 June 2024. Date of shareholders' approval: 13 September 2024. Ex-dividend date: 19 September 2024. Record date: 26 September 2024. Payment date: 29 November 2024.お知らせ • Jul 24China Tower Corporation Limited to Report First Half, 2024 Results on Aug 07, 2024China Tower Corporation Limited announced that they will report first half, 2024 results on Aug 07, 2024お知らせ • Jul 02China Tower Corporation Limited Appoints Xu Bo as A Deputy General Manager of the CompanyChina Tower Corporation Limited has been appointed as Mr. Xu Bo as a deputy general manager of the Company and his term of office as a deputy general manager of the Company took effect from 2 July 2024 and will end on the date of the expiration of the third session of the Board. Mr. Xu, aged 52, joined the Company in September 2014. He served as the deputy general manager and general manager of Jiangxi Branch, the general manager of Shanxi Branch and the general manager of Hebei Branch of the Company. Since August 2023, he has served as the general manager of the communications and development department of the Company. From November 2005 to September 2014, Mr. Xu successively served in several positions with China United Network Communications Group Company Limited, including the general manager of operation and maintenance department of its Jiangxi Branch and the general manager of its Yichun Branch. Mr. Xu graduated from the department of radio engineering of Beijing Institute of Posts and Telecommunications (currently known as Beijing University of Posts and Telecommunications) in July 1993 with a bachelor's degree in image transmission and processing, and received a master's degree in business administration from the School of Economics and Management of Beijing University of Posts and Telecommunications in November 2002. Mr. Xu is a senior engineer.お知らせ • May 23+ 1 more updateChina Tower Corporation Limited Approves Final Dividend for the Year Ended 31 December 2023, Payable on or About 28 June 2024China Tower Corporation Limited announced that the final dividend of RMB 0.03739 per Share (equivalent to HKD 0.041100 per Share) (pre-tax) for the year ended 31 December 2023 was approved at the AGM. The payment shall be made to the Shareholders whose names appear on the register of members of the Company on 30 May 2024. The register of members will be closed from 27 May 2024 to 30 May 2024. The final dividend is expected to be paid on or about 28 June 2024.Upcoming Dividend • May 16Upcoming dividend of CN¥0.037 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.2%).Reported Earnings • May 06First quarter 2024 earnings released: EPS: CN¥0.016 (vs CN¥0.014 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.016 (up from CN¥0.014 in 1Q 2023). Revenue: CN¥24.0b (up 3.3% from 1Q 2023). Net income: CN¥2.78b (up 11% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Apr 24China Tower Corporation Limited Appoints Chen Li as General ManagerThe board of directors of China Tower Corporation Limited announced that Mr. Chen Li has been appointed as the general manager of the Company and his term of office as the general manager of the Company takes effect from 23 April 2024 and will end upon the expiration of the term of office of the third session of the Board. Mr. Chen Li, aged 56, served as a director and the deputy general manager of China Mobile Group Hubei Co. Ltd. from October 2000 to March 2010, a director and the deputy general manager of China Mobile Group Anhui Co. Ltd. from March 2010 to August 2012, the chairman and the general manager of China Mobile Group Qinghai Co. Ltd. from August 2012 to October 2014, the chairman and the general manager of China Mobile Group Liaoning Co. Ltd. from October 2014 to April 2016, the chairman and the general manager of China Mobile Group Shanghai Co. Ltd. from April 2016 to April 2024. Mr. Chen graduated from Chongqing Institute of Posts and Telecommunications in July 1988 with a bachelor's degree of engineering and majored in telecommunication engineering and received a master's degree of management with a major in information communication management from BI Norwegian Business School-Fudan University in March 2002. Mr. Chen is a senior engineer.New Risk • Apr 21New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 45% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Paying a dividend despite having no free cash flows.Reported Earnings • Apr 19Full year 2023 earnings released: EPS: CN¥0.056 (vs CN¥0.05 in FY 2022)Full year 2023 results: EPS: CN¥0.056 (up from CN¥0.05 in FY 2022). Revenue: CN¥94.0b (up 2.0% from FY 2022). Net income: CN¥9.75b (up 11% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • Apr 13China Tower Corporation Limited Announces Resignation of Liu Wei as SupervisorChina Tower Corporation Limited announced that Mr. Liu Wei has resigned from his position as a supervisor of the Company with effect from 12 April 2024 by reason of adjustment in work responsibilities. Mr. Liu has confirmed that there is no disagreement with the board of directors of the Company or the supervisory committee of the Company and there is no matter relating to his resignation as a Supervisor that needs to be brought to the attention of the shareholders of the Company.お知らせ • Apr 06China Tower Corporation Limited to Report Q1, 2024 Results on Apr 19, 2024China Tower Corporation Limited announced that they will report Q1, 2024 results on Apr 19, 2024Declared Dividend • Mar 20Dividend of CN¥0.037 announcedShareholders will receive a dividend of CN¥0.037. Ex-date: 23rd May 2024 Payment date: 28th June 2024 Dividend yield will be 36%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 75% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 19Full year 2023 earnings released: EPS: CN¥0.056 (vs CN¥0.05 in FY 2022)Full year 2023 results: EPS: CN¥0.056 (up from CN¥0.05 in FY 2022). Revenue: CN¥94.0b (up 2.0% from FY 2022). Net income: CN¥9.75b (up 11% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany.お知らせ • Mar 18China Tower Corporation Limited, Annual General Meeting, May 20, 2024China Tower Corporation Limited, Annual General Meeting, May 20, 2024.お知らせ • Mar 13China Tower Corporation Limited Announces the Resignation of Zhang Guohou as Independent Non-Executive DirectorThe board of directors of China Tower Corporation Limited announced that, by reason of age, Mr. Zhang Guohou has resigned from his positions as an independent non-executive director of the Company, the chairman of the Audit Committee of the Board, a member of the Strategy Committee, the Remuneration and Appraisal Committee, the Nomination Committee and the Connected Transaction Committee of the Board with effect from 13 March 2024.お知らせ • Dec 07Rchina Tower Corporation Limited Announces Resignation of Gu Xiaomin as Executive DirectorThe board of directors of China Tower Corporation Limited announced that, by reason of age, Mr. Gu Xiaomin has resigned from his positions asan executive director, the general manager of the Company, a member of the strategy committee of the Board and the connected transaction committee of the Board with effect from 6 December 2023. During Mr. Gu's tenure of service, he performed his duties responsibly and diligently. He played a significant role in the implementation of the "One Core and Two Wings" strategy, continuously creating enterprise value and promoting high-quality development of the Company.Reported Earnings • Oct 22Third quarter 2023 earnings released: EPS: CN¥0.014 (vs CN¥0.012 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.014 (up from CN¥0.012 in 3Q 2022). Revenue: CN¥23.7b (up 2.1% from 3Q 2022). Net income: CN¥2.51b (up 15% from 3Q 2022). Profit margin: 11% (up from 9.4% in 3Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Germany.New Risk • Oct 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change).お知らせ • Oct 06China Tower Corporation Limited to Report Q3, 2023 Results on Oct 19, 2023China Tower Corporation Limited announced that they will report Q3, 2023 results on Oct 19, 2023Reported Earnings • Aug 04Second quarter 2023 earnings released: EPS: CN¥0.013 (vs CN¥0.012 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.013 (up from CN¥0.012 in 2Q 2022). Revenue: CN¥23.3b (up 1.8% from 2Q 2022). Net income: CN¥2.34b (up 14% from 2Q 2022). Profit margin: 10.0% (up from 8.9% in 2Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Germany.お知らせ • Jun 17China Tower Corporation Limited Announces Appointment of Tang Yongbo as Non-Executive Director, Member of the Strategy Committee of the Board and A Member of the Remuneration and Appraisal CommitteeChina Tower Corporation Limited announced at the EGM held on June 16, 2023 that the company approved appointment of Mr. Tang Yongbo ("Mr. Tang") as a non-executive Director was approved at the EGM and his term of office has commenced from 16 June 2023 until the date of the expiration of the third session of the Board. The Company will enter into a service contract with Mr. Tang. Mr. Tang will not receive director's remuneration during his term of office as a Director. Please refer to the Circular for the biographical details of Mr. Tang. As at the date of this announcement, there has been no change to such information except that Mr. Tang has been appointed as a non-executive director of China Communications Services Corporation Limited on 16 June 2023. The Board further announced that Mr. Tang has been appointed as a member of the strategy committee of the Board and a member of the remuneration and appraisal committee of the Board. The above changes become effective on 16 June 2023.お知らせ • May 12China Tower Corporation Limited Approves Final Dividend for the Year Ended 31 December 2022, Payable on or About 30 June 2023China Tower Corporation Limited announced that the final dividend of RMB 0.03232 per Share (equivalent to HKD 0.036661 per Share) (pre-tax) for the year ended 31 December 2022 was approved at the AGM. The payment shall be made to the Shareholders whose names appear on the register of members of the Company on 23 May 2023. The register of members will be closed from 18 May 2023 to 23 May 2023. The final dividend is expected to be paid on or about 30 June 2023.Upcoming Dividend • May 09Upcoming dividend of CN¥0.032 per share at 3.7% yieldEligible shareholders must have bought the stock before 16 May 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.3%).Reported Earnings • Apr 02Full year 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.042 in FY 2021)Full year 2022 results: EPS: CN¥0.05 (up from CN¥0.042 in FY 2021). Revenue: CN¥92.2b (up 6.5% from FY 2021). Net income: CN¥8.79b (up 20% from FY 2021). Profit margin: 9.5% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Germany.Reported Earnings • Mar 03Full year 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.042 in FY 2021)Full year 2022 results: EPS: CN¥0.05 (up from CN¥0.042 in FY 2021). Revenue: CN¥92.2b (up 6.5% from FY 2021). Net income: CN¥8.79b (up 20% from FY 2021). Profit margin: 9.5% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Germany.お知らせ • Feb 17China Tower Corporation Limited to Report Q4, 2022 Results on Mar 02, 2023China Tower Corporation Limited announced that they will report Q4, 2022 results at 4:00 PM, China Standard Time on Mar 02, 2023Board Change • Nov 16Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Employee Representative Supervisor Hongwei Wang is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive director Chunbo Dong was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 21Third quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0.01 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.012 (up from CN¥0.01 in 3Q 2021). Revenue: CN¥23.2b (up 5.9% from 3Q 2021). Net income: CN¥2.18b (up 21% from 3Q 2021). Profit margin: 9.4% (up from 8.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Germany.Reported Earnings • Aug 09Second quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0.01 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.012 (up from CN¥0.01 in 2Q 2021). Revenue: CN¥22.8b (up 6.2% from 2Q 2021). Net income: CN¥2.04b (up 16% from 2Q 2021). Profit margin: 8.9% (up from 8.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.6%, compared to a 1.9% growth forecast for the industry in Germany.お知らせ • May 12China Tower Corporation Limited Approves Final Dividend for the Year Ended December 31, 2021, Payable on June 30, 2022The Board of China Tower Corporation Limited approved a final dividend of RMB 0.02624 per share for the year ended 31 December 2021. Ex-dividend date is 16 May 2022. Record date is 23 May 2022. Payment date is 30 June 2022.Upcoming Dividend • May 09Upcoming dividend of CN¥0.026 per shareEligible shareholders must have bought the stock before 16 May 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.2%). In line with average of industry peers (3.5%).Board Change • Apr 27Less than half of directors are independentThere are 10 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Employee Representative Supervisor Hongwei Wang is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Guohou Zhang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Apr 20China Tower Corporation Limited Announces Change of Chief AccountantChina Tower Corporation Limited announced that dated 9 March 2022 in relation to the proposed appointment of Mr. Gao Chunlei (Mr. Gao) as an executive director of the company. The board of directors of the company announces that, due to change in work arrangement, Mr. Gao has ceased to serve as the chief accountant of the company with effect from 19 April 2022. The Board further announces that Mr. Hu Shaofeng (Mr. Hu) has been appointed as the chief accountant of the company. His term of office as the chief accountant of the company took effect from 19 April 2022 and will end on the date of the expiration of the third session of the Board. Mr. Hu also served as a member of the senior management of China Railway Signal and Communication (Group) Corporation Limited (previously known as China Railway Signal Communication Corporation) from June 2016 to April 2022.お知らせ • Apr 05China Tower Corporation Limited to Report Q1, 2022 Results on Apr 19, 2022China Tower Corporation Limited announced that they will report Q1, 2022 results on Apr 19, 2022Reported Earnings • Mar 10Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: CN¥86.6b (up 6.8% from FY 2020). Net income: CN¥7.33b (up 14% from FY 2020). Profit margin: 8.5% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.0%, compared to a 1.5% growth forecast for the industry in Germany.Reported Earnings • Oct 20Third quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.009 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥21.9b (up 7.3% from 3Q 2020). Net income: CN¥1.80b (up 13% from 3Q 2020). Profit margin: 8.2% (up from 7.8% in 3Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • Aug 10Second quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.009 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥21.5b (up 7.1% from 2Q 2020). Net income: CN¥1.76b (up 16% from 2Q 2020). Profit margin: 8.2% (up from 7.6% in 2Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • Apr 24First quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.008 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥21.2b (up 7.4% from 1Q 2020). Net income: CN¥1.69b (up 17% from 1Q 2020). Profit margin: 8.0% (up from 7.4% in 1Q 2020). The increase in margin was driven by higher revenue.業績と収益の成長予測DB:2Y11 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028106,19416,93723,90169,909712/31/2027105,57916,47023,56471,550912/31/2026102,68015,40023,68661,06483/31/2026100,78612,59014,50242,554N/A12/31/2025100,41111,63025,59756,116N/A9/30/202599,63911,285N/AN/AN/A6/30/202599,12611,15614,53645,317N/A3/31/202598,56910,96912,69145,534N/A12/31/202497,77210,72919,67949,468N/A9/30/202496,31010,556N/AN/AN/A6/30/202495,79510,23921,69154,115N/A3/31/202494,78410,02812,05744,189N/A12/31/202394,0099,750-63832,840N/A9/30/202393,6389,7359,76042,151N/A6/30/202393,1529,40413,10145,383N/A3/31/202392,7369,11427,91157,687N/A12/31/202292,1708,78736,47265,134N/A9/30/202290,6798,47237,99965,326N/A6/30/202289,3918,09641,81967,571N/A3/31/202288,0677,81532,38461,877N/A12/31/202186,5857,32927,82860,503N/A9/30/202185,4677,12022,44060,132N/A6/30/202183,9786,90712,23354,703N/A3/31/202182,5596,66916,03857,444N/A12/31/202081,0996,42819,55057,548N/A9/30/202079,6075,91324,15257,049N/A6/30/202078,2425,65227,46956,220N/A3/31/202077,2215,39024,78351,822N/A12/31/201976,4285,222N/A49,935N/A9/30/201975,2184,562N/A43,336N/A6/30/201974,4643,988N/A49,165N/A3/31/201973,4723,554N/A50,441N/A12/31/201871,8192,650N/A45,540N/A9/30/201871,7562,223N/AN/AN/A6/30/201870,7282,033N/A33,162N/A3/31/201869,4601,839N/A32,020N/A12/31/201768,6651,943N/A34,935N/A12/31/201655,99776N/A27,594N/A12/31/20158,802-3,595N/A-6,873N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 2Y11の予測収益成長率 (年間11.5% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: 2Y11の収益 ( 11.5% ) German市場 ( 16.9% ) よりも低い成長が予測されています。高成長収益: 2Y11の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 2Y11の収益 ( 2.5% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: 2Y11の収益 ( 2.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 2Y11の 自己資本利益率 は、3年後には低くなると予測されています ( 8.3 %)。成長企業の発掘7D1Y7D1Y7D1YTelecom 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 12:43終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋China Tower Corporation Limited 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。28 アナリスト機関Chris LaneBernsteinWai Kit ChuBofA Global ResearchShuyun CheChina International Capital Corporation Limited25 その他のアナリストを表示
Board Change • 12hLess than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Zhenjiang Pei was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Apr 02China Tower Corporation Limited to Report Q1, 2026 Results on Apr 17, 2026China Tower Corporation Limited announced that they will report Q1, 2026 results on Apr 17, 2026
お知らせ • Mar 18China Tower Corporation Limited, Annual General Meeting, May 15, 2026China Tower Corporation Limited, Annual General Meeting, May 15, 2026.
お知らせ • Mar 05China Tower Corporation Limited to Report Fiscal Year 2025 Results on Mar 18, 2026China Tower Corporation Limited announced that they will report fiscal year 2025 results on Mar 18, 2026
お知らせ • Dec 24China Tower Corporation Limited Announces Directorate and Board Committees Changes, Effective December 23, 2025China Tower Corporation Limited announced the appointment of Mr. Luan Xiaowei as a non-executive Director, approved at the EGM, with his term of office commencing from December 23, 2025 and ending upon the expiration of term of the third session of the Board and the election of the new session of the Board. The Company will enter into a service contract with Mr. Luan. Reference is made to the announcement of the Company dated November 20, 2025. As disclosed in the announcement, Mr. Liu Guiqing ("Mr. Liu") had tendered his resignation on November 20, 2025, and such resignation shall take effect from the date on which the new non-executive Director is elected in the EGM. As the appointment of Mr. Luan as a non-executive Director was approved by the Shareholders at the EGM, the Board hereby announces that the resignation of Mr. Liu has become effective on December 23, 2025. Change in the Composition of Board Committees: The Board further announces that Mr. Luan has been appointed as a member of each of the strategy committee and the audit committee of the Board. The above changes has become effective on December 23, 2025.
お知らせ • Oct 02China Tower Corporation Limited to Report Nine Months, 2025 Results on Oct 16, 2025China Tower Corporation Limited announced that they will report nine months, 2025 results on Oct 16, 2025
お知らせ • Jul 24China Tower Corporation Limited to Report First Half, 2025 Results on Aug 05, 2025China Tower Corporation Limited announced that they will report first half, 2025 results on Aug 05, 2025
お知らせ • Jul 23China Tower Corporation Limited Announces Board ChangesChina Tower Corporation Limited announced that at its EGM held on July 23, 2025, shareholders approved the appointment of Mr. Miao Shouye as a non- executive director of the Company and appointment of Mr. Pei Zhenjiang as an independent non-executive director of the Company. The company announced that the appointment of Mr. Wen Bugao as an independent non-executive director of the Company. The appointment of Mr. Miao Shouye ("Mr. Miao") as a non-executive Director was approved at the EGM and his term of office has commenced from 23 July 2025 and will end upon the expiration of term of the third session of the Board and the election of the new session of the Board. The Company will enter a service contract with Mr. Miao. He will not receive director's remuneration during his term as a director. The appointments of Mr. Pei Zhenjiang (Mr. Pei) and Mr. Wen Bugao (Mr. Wen) as independent non-executive Directors were approved at the EGM and their term of office has commenced from 23 July 2025 and will end upon the expiration of term of the third session of the Board and the election of the new session of the Board. The Company will enter into service contracts with Mr. Pei and Mr. Wen, and the Board will determine the remuneration of Mr. Pei and Mr. Wen with reference to their duties, responsibilities, experience as well as the prevailing market condition. Reference is made to the announcement of the Company dated 30 June 2025. As disclosed in the announcement, Mr. Tang Yongbo ("Mr. Tang"), Mr. Dong Chunbo ("Mr. Dong") and Mr. Sin Hendrick ("Mr. Sin") had tendered their resignations on 30 June 2025, and such resignations shall take effect from the date on which the new non-executive Director and independent non-executive Directors are elected in the EGM. As the appointment of Mr. Miao as a non-executive Director and the appointments of Mr. Pei and Mr. Wen as independent non-executive Directors were approved by the Shareholders at the EGM, the Board hereby announced that the resignations of Mr. Tang, Mr. Dong and Mr. Sin have become effective on 23 July 2025. The Board further announced that the composition of the Board committees has been adjusted as follows, which became effective on 23 July 2025: Mr. Miao Shouye, a non-executive Director, has been appointed as a member of each of the strategy committee and the remuneration and appraisal committee of the Board; Mr. Pei Zhenjiang, an independent non-executive Director, has been appointed as the chairman of the remuneration and appraisal committee of the Board, and a member of each of the audit committee, the nomination committee, and the connected transaction committee of the Board; and Mr. Wen Bugao, an independent non-executive Director, has been appointed as a member of each of the remuneration and appraisal committee, the audit committee, the nomination committee, and the connected transaction committee of the Board.
お知らせ • Jun 30China Tower Corporation Limited Announces Board ResignationsThe board of directors of China Tower Corporation Limited announced the resignation of the following directors of the Company: Mr. Tang Yongbo has resigned from his positions as a non-executive Director, a member of each of the Strategy Committee and the Remuneration and Appraisal Committee of the Board, due to change in work arrangement; Mr. Dong Chunbo has resigned from his positions as an independent non- executive Director, the chairman of the Remuneration and Appraisal Committee of the Board, a member of each of the Nomination Committee, the Audit Committee and the Connected Transaction Committee of the Board, due to reason of age; and Mr. Sin Hendrick has resigned from his positions as an independent non- executive Director, a member of each of the Remuneration and Appraisal Committee, the Nomination Committee, the Audit Committee and the Connected Transaction Committee of the Board as he would like to devote more time and energy to his personal endeavours. The above resignations shall take effect from the date on which the new non-executive Director and the independent non-executive Directors are elected by the first extraordinary general meeting of 2025 of the Company to be convened on 23 July 2025 (the Extraordinary General Meeting). Each of Mr. Tang, Mr. Dong and Mr. Sin has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.
お知らせ • May 20+ 1 more updateChina Tower Corporation Limited Approves Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on 30 June 2025China Tower Corporation Limited at its AGM held on May 20, 2025, approved the proposal on profit distribution and the final dividend declaration and payment for the year ended 31 December 2024. The final dividend of RMB 0.30796 per share (equivalent to HKD 0.334013 per share) (pre-tax) . The payment shall be made to Shareholders whose names appear on the register of members of the Company on 30 May 2025. The register of members will be closed from 27 May 2025 to 30 May 2025 (both days inclusive). The final dividend is expected to be paid on or about 30 June 2025 .
お知らせ • Apr 03China Tower Corporation Limited to Report Q1, 2025 Results on Apr 17, 2025China Tower Corporation Limited announced that they will report Q1, 2025 results on Apr 17, 2025
お知らせ • Mar 17China Tower Corporation Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on 30 June 2025China Tower Corporation Limited proposed a final ordinary dividend of RMB 0.30796 per share for the financial year ended 31 December 2024. The dividend is subject to shareholders' approval on 20 May 2025. The ex-dividend date is set for 23 May 2025, with the record date on 30 May 2025. The dividend will be paid on 30 June 2025.
お知らせ • Mar 04China Tower Corporation Limited to Report Fiscal Year 2024 Results on Mar 17, 2025China Tower Corporation Limited announced that they will report fiscal year 2024 results on Mar 17, 2025
お知らせ • Nov 21China Tower Corporation Limited Announces Resignation of Gao Chunlei as Executive DirectorThe board of directors of China Tower Corporation Limited announced that, due to change in work arrangement, Mr. Gao Chunlei has resigned from his positions as an executive director of the Company, a member of the nomination committee of the Board and the connected transaction committee of the Board with effect from 18 November 2024.
Reported Earnings • Oct 18Third quarter 2024 earnings released: EPS: CN¥0.016 (vs CN¥0.014 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.016 (up from CN¥0.014 in 3Q 2023). Revenue: CN¥24.2b (up 2.2% from 3Q 2023). Net income: CN¥2.82b (up 13% from 3Q 2023). Profit margin: 12% (up from 11% in 3Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 04China Tower Corporation Limited to Report Nine Months, 2024 Results on Oct 18, 2024China Tower Corporation Limited announced that they will report nine months, 2024 results on Oct 18, 2024
お知らせ • Sep 13China Tower Corporation Limited Announces Appointment of Zhang Wei as Independent Non-Executive Director and Change in the Composition of Board CommitteesChina Tower Corporation Limited announced that the appointment of Ms. Zhang Wei as an independent non-executive Director was approved at the EGM held on 13 September 2024 and her term of office has commenced from 13 September 2024 and will end upon the expiration of term of the third session of the Board. The Board further announced that the composition of the Board committees has been adjusted as follows, which became effective on 13 September 2024: Mr. Chen Li, an executive Director, has been appointed as a member of each of the strategy committee and the connected transaction committee of the Board; and Ms. Zhang, an independent non-executive Director, has been appointed as the chairman of the audit committee of the Board, a member of each of the remuneration and appraisal committee, the nomination committee and the connected transaction committee of the Board.
Upcoming Dividend • Sep 13Upcoming dividend of CN¥0.011 per shareEligible shareholders must have bought the stock before 19 September 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.8%).
Reported Earnings • Aug 28Second quarter 2024 earnings released: EPS: CN¥0.015 (vs CN¥0.013 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.015 (up from CN¥0.013 in 2Q 2023). Revenue: CN¥24.3b (up 4.3% from 2Q 2023). Net income: CN¥2.55b (up 9.0% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: CN¥0.015 (vs CN¥0.013 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.015 (up from CN¥0.013 in 2Q 2023). Revenue: CN¥24.3b (up 4.3% from 2Q 2023). Net income: CN¥2.55b (up 9.0% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Aug 07China Tower Corporation Limited Proposes Interim Dividend for the Six Months Ended 30 June 2024, Payable on 29 November 2024China Tower Corporation Limited proposed Interim Dividend of RMB 0.0109 per share for the Six Months Ended 30 June 2024. Date of shareholders' approval: 13 September 2024. Ex-dividend date: 19 September 2024. Record date: 26 September 2024. Payment date: 29 November 2024.
お知らせ • Jul 24China Tower Corporation Limited to Report First Half, 2024 Results on Aug 07, 2024China Tower Corporation Limited announced that they will report first half, 2024 results on Aug 07, 2024
お知らせ • Jul 02China Tower Corporation Limited Appoints Xu Bo as A Deputy General Manager of the CompanyChina Tower Corporation Limited has been appointed as Mr. Xu Bo as a deputy general manager of the Company and his term of office as a deputy general manager of the Company took effect from 2 July 2024 and will end on the date of the expiration of the third session of the Board. Mr. Xu, aged 52, joined the Company in September 2014. He served as the deputy general manager and general manager of Jiangxi Branch, the general manager of Shanxi Branch and the general manager of Hebei Branch of the Company. Since August 2023, he has served as the general manager of the communications and development department of the Company. From November 2005 to September 2014, Mr. Xu successively served in several positions with China United Network Communications Group Company Limited, including the general manager of operation and maintenance department of its Jiangxi Branch and the general manager of its Yichun Branch. Mr. Xu graduated from the department of radio engineering of Beijing Institute of Posts and Telecommunications (currently known as Beijing University of Posts and Telecommunications) in July 1993 with a bachelor's degree in image transmission and processing, and received a master's degree in business administration from the School of Economics and Management of Beijing University of Posts and Telecommunications in November 2002. Mr. Xu is a senior engineer.
お知らせ • May 23+ 1 more updateChina Tower Corporation Limited Approves Final Dividend for the Year Ended 31 December 2023, Payable on or About 28 June 2024China Tower Corporation Limited announced that the final dividend of RMB 0.03739 per Share (equivalent to HKD 0.041100 per Share) (pre-tax) for the year ended 31 December 2023 was approved at the AGM. The payment shall be made to the Shareholders whose names appear on the register of members of the Company on 30 May 2024. The register of members will be closed from 27 May 2024 to 30 May 2024. The final dividend is expected to be paid on or about 28 June 2024.
Upcoming Dividend • May 16Upcoming dividend of CN¥0.037 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.2%).
Reported Earnings • May 06First quarter 2024 earnings released: EPS: CN¥0.016 (vs CN¥0.014 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.016 (up from CN¥0.014 in 1Q 2023). Revenue: CN¥24.0b (up 3.3% from 1Q 2023). Net income: CN¥2.78b (up 11% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Apr 24China Tower Corporation Limited Appoints Chen Li as General ManagerThe board of directors of China Tower Corporation Limited announced that Mr. Chen Li has been appointed as the general manager of the Company and his term of office as the general manager of the Company takes effect from 23 April 2024 and will end upon the expiration of the term of office of the third session of the Board. Mr. Chen Li, aged 56, served as a director and the deputy general manager of China Mobile Group Hubei Co. Ltd. from October 2000 to March 2010, a director and the deputy general manager of China Mobile Group Anhui Co. Ltd. from March 2010 to August 2012, the chairman and the general manager of China Mobile Group Qinghai Co. Ltd. from August 2012 to October 2014, the chairman and the general manager of China Mobile Group Liaoning Co. Ltd. from October 2014 to April 2016, the chairman and the general manager of China Mobile Group Shanghai Co. Ltd. from April 2016 to April 2024. Mr. Chen graduated from Chongqing Institute of Posts and Telecommunications in July 1988 with a bachelor's degree of engineering and majored in telecommunication engineering and received a master's degree of management with a major in information communication management from BI Norwegian Business School-Fudan University in March 2002. Mr. Chen is a senior engineer.
New Risk • Apr 21New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 45% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Paying a dividend despite having no free cash flows.
Reported Earnings • Apr 19Full year 2023 earnings released: EPS: CN¥0.056 (vs CN¥0.05 in FY 2022)Full year 2023 results: EPS: CN¥0.056 (up from CN¥0.05 in FY 2022). Revenue: CN¥94.0b (up 2.0% from FY 2022). Net income: CN¥9.75b (up 11% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • Apr 13China Tower Corporation Limited Announces Resignation of Liu Wei as SupervisorChina Tower Corporation Limited announced that Mr. Liu Wei has resigned from his position as a supervisor of the Company with effect from 12 April 2024 by reason of adjustment in work responsibilities. Mr. Liu has confirmed that there is no disagreement with the board of directors of the Company or the supervisory committee of the Company and there is no matter relating to his resignation as a Supervisor that needs to be brought to the attention of the shareholders of the Company.
お知らせ • Apr 06China Tower Corporation Limited to Report Q1, 2024 Results on Apr 19, 2024China Tower Corporation Limited announced that they will report Q1, 2024 results on Apr 19, 2024
Declared Dividend • Mar 20Dividend of CN¥0.037 announcedShareholders will receive a dividend of CN¥0.037. Ex-date: 23rd May 2024 Payment date: 28th June 2024 Dividend yield will be 36%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 75% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: CN¥0.056 (vs CN¥0.05 in FY 2022)Full year 2023 results: EPS: CN¥0.056 (up from CN¥0.05 in FY 2022). Revenue: CN¥94.0b (up 2.0% from FY 2022). Net income: CN¥9.75b (up 11% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany.
お知らせ • Mar 18China Tower Corporation Limited, Annual General Meeting, May 20, 2024China Tower Corporation Limited, Annual General Meeting, May 20, 2024.
お知らせ • Mar 13China Tower Corporation Limited Announces the Resignation of Zhang Guohou as Independent Non-Executive DirectorThe board of directors of China Tower Corporation Limited announced that, by reason of age, Mr. Zhang Guohou has resigned from his positions as an independent non-executive director of the Company, the chairman of the Audit Committee of the Board, a member of the Strategy Committee, the Remuneration and Appraisal Committee, the Nomination Committee and the Connected Transaction Committee of the Board with effect from 13 March 2024.
お知らせ • Dec 07Rchina Tower Corporation Limited Announces Resignation of Gu Xiaomin as Executive DirectorThe board of directors of China Tower Corporation Limited announced that, by reason of age, Mr. Gu Xiaomin has resigned from his positions asan executive director, the general manager of the Company, a member of the strategy committee of the Board and the connected transaction committee of the Board with effect from 6 December 2023. During Mr. Gu's tenure of service, he performed his duties responsibly and diligently. He played a significant role in the implementation of the "One Core and Two Wings" strategy, continuously creating enterprise value and promoting high-quality development of the Company.
Reported Earnings • Oct 22Third quarter 2023 earnings released: EPS: CN¥0.014 (vs CN¥0.012 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.014 (up from CN¥0.012 in 3Q 2022). Revenue: CN¥23.7b (up 2.1% from 3Q 2022). Net income: CN¥2.51b (up 15% from 3Q 2022). Profit margin: 11% (up from 9.4% in 3Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Germany.
New Risk • Oct 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change).
お知らせ • Oct 06China Tower Corporation Limited to Report Q3, 2023 Results on Oct 19, 2023China Tower Corporation Limited announced that they will report Q3, 2023 results on Oct 19, 2023
Reported Earnings • Aug 04Second quarter 2023 earnings released: EPS: CN¥0.013 (vs CN¥0.012 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.013 (up from CN¥0.012 in 2Q 2022). Revenue: CN¥23.3b (up 1.8% from 2Q 2022). Net income: CN¥2.34b (up 14% from 2Q 2022). Profit margin: 10.0% (up from 8.9% in 2Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Germany.
お知らせ • Jun 17China Tower Corporation Limited Announces Appointment of Tang Yongbo as Non-Executive Director, Member of the Strategy Committee of the Board and A Member of the Remuneration and Appraisal CommitteeChina Tower Corporation Limited announced at the EGM held on June 16, 2023 that the company approved appointment of Mr. Tang Yongbo ("Mr. Tang") as a non-executive Director was approved at the EGM and his term of office has commenced from 16 June 2023 until the date of the expiration of the third session of the Board. The Company will enter into a service contract with Mr. Tang. Mr. Tang will not receive director's remuneration during his term of office as a Director. Please refer to the Circular for the biographical details of Mr. Tang. As at the date of this announcement, there has been no change to such information except that Mr. Tang has been appointed as a non-executive director of China Communications Services Corporation Limited on 16 June 2023. The Board further announced that Mr. Tang has been appointed as a member of the strategy committee of the Board and a member of the remuneration and appraisal committee of the Board. The above changes become effective on 16 June 2023.
お知らせ • May 12China Tower Corporation Limited Approves Final Dividend for the Year Ended 31 December 2022, Payable on or About 30 June 2023China Tower Corporation Limited announced that the final dividend of RMB 0.03232 per Share (equivalent to HKD 0.036661 per Share) (pre-tax) for the year ended 31 December 2022 was approved at the AGM. The payment shall be made to the Shareholders whose names appear on the register of members of the Company on 23 May 2023. The register of members will be closed from 18 May 2023 to 23 May 2023. The final dividend is expected to be paid on or about 30 June 2023.
Upcoming Dividend • May 09Upcoming dividend of CN¥0.032 per share at 3.7% yieldEligible shareholders must have bought the stock before 16 May 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.3%).
Reported Earnings • Apr 02Full year 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.042 in FY 2021)Full year 2022 results: EPS: CN¥0.05 (up from CN¥0.042 in FY 2021). Revenue: CN¥92.2b (up 6.5% from FY 2021). Net income: CN¥8.79b (up 20% from FY 2021). Profit margin: 9.5% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Germany.
Reported Earnings • Mar 03Full year 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.042 in FY 2021)Full year 2022 results: EPS: CN¥0.05 (up from CN¥0.042 in FY 2021). Revenue: CN¥92.2b (up 6.5% from FY 2021). Net income: CN¥8.79b (up 20% from FY 2021). Profit margin: 9.5% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Germany.
お知らせ • Feb 17China Tower Corporation Limited to Report Q4, 2022 Results on Mar 02, 2023China Tower Corporation Limited announced that they will report Q4, 2022 results at 4:00 PM, China Standard Time on Mar 02, 2023
Board Change • Nov 16Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Employee Representative Supervisor Hongwei Wang is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive director Chunbo Dong was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 21Third quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0.01 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.012 (up from CN¥0.01 in 3Q 2021). Revenue: CN¥23.2b (up 5.9% from 3Q 2021). Net income: CN¥2.18b (up 21% from 3Q 2021). Profit margin: 9.4% (up from 8.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Germany.
Reported Earnings • Aug 09Second quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0.01 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.012 (up from CN¥0.01 in 2Q 2021). Revenue: CN¥22.8b (up 6.2% from 2Q 2021). Net income: CN¥2.04b (up 16% from 2Q 2021). Profit margin: 8.9% (up from 8.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.6%, compared to a 1.9% growth forecast for the industry in Germany.
お知らせ • May 12China Tower Corporation Limited Approves Final Dividend for the Year Ended December 31, 2021, Payable on June 30, 2022The Board of China Tower Corporation Limited approved a final dividend of RMB 0.02624 per share for the year ended 31 December 2021. Ex-dividend date is 16 May 2022. Record date is 23 May 2022. Payment date is 30 June 2022.
Upcoming Dividend • May 09Upcoming dividend of CN¥0.026 per shareEligible shareholders must have bought the stock before 16 May 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.2%). In line with average of industry peers (3.5%).
Board Change • Apr 27Less than half of directors are independentThere are 10 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Employee Representative Supervisor Hongwei Wang is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Guohou Zhang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 20China Tower Corporation Limited Announces Change of Chief AccountantChina Tower Corporation Limited announced that dated 9 March 2022 in relation to the proposed appointment of Mr. Gao Chunlei (Mr. Gao) as an executive director of the company. The board of directors of the company announces that, due to change in work arrangement, Mr. Gao has ceased to serve as the chief accountant of the company with effect from 19 April 2022. The Board further announces that Mr. Hu Shaofeng (Mr. Hu) has been appointed as the chief accountant of the company. His term of office as the chief accountant of the company took effect from 19 April 2022 and will end on the date of the expiration of the third session of the Board. Mr. Hu also served as a member of the senior management of China Railway Signal and Communication (Group) Corporation Limited (previously known as China Railway Signal Communication Corporation) from June 2016 to April 2022.
お知らせ • Apr 05China Tower Corporation Limited to Report Q1, 2022 Results on Apr 19, 2022China Tower Corporation Limited announced that they will report Q1, 2022 results on Apr 19, 2022
Reported Earnings • Mar 10Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: CN¥86.6b (up 6.8% from FY 2020). Net income: CN¥7.33b (up 14% from FY 2020). Profit margin: 8.5% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.0%, compared to a 1.5% growth forecast for the industry in Germany.
Reported Earnings • Oct 20Third quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.009 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥21.9b (up 7.3% from 3Q 2020). Net income: CN¥1.80b (up 13% from 3Q 2020). Profit margin: 8.2% (up from 7.8% in 3Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • Aug 10Second quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.009 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥21.5b (up 7.1% from 2Q 2020). Net income: CN¥1.76b (up 16% from 2Q 2020). Profit margin: 8.2% (up from 7.6% in 2Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • Apr 24First quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.008 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥21.2b (up 7.4% from 1Q 2020). Net income: CN¥1.69b (up 17% from 1Q 2020). Profit margin: 8.0% (up from 7.4% in 1Q 2020). The increase in margin was driven by higher revenue.