Announcement • Apr 02
China Tower Corporation Limited to Report Q1, 2026 Results on Apr 17, 2026 China Tower Corporation Limited announced that they will report Q1, 2026 results on Apr 17, 2026 Announcement • Mar 18
China Tower Corporation Limited, Annual General Meeting, May 15, 2026 China Tower Corporation Limited, Annual General Meeting, May 15, 2026. Announcement • Mar 05
China Tower Corporation Limited to Report Fiscal Year 2025 Results on Mar 18, 2026 China Tower Corporation Limited announced that they will report fiscal year 2025 results on Mar 18, 2026 Announcement • Dec 24
China Tower Corporation Limited Announces Directorate and Board Committees Changes, Effective December 23, 2025 China 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. Announcement • Oct 02
China Tower Corporation Limited to Report Nine Months, 2025 Results on Oct 16, 2025 China Tower Corporation Limited announced that they will report nine months, 2025 results on Oct 16, 2025 Announcement • Jul 24
China Tower Corporation Limited to Report First Half, 2025 Results on Aug 05, 2025 China Tower Corporation Limited announced that they will report first half, 2025 results on Aug 05, 2025 Announcement • Jul 23
China Tower Corporation Limited Announces Board Changes China 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. Announcement • Jun 30
China Tower Corporation Limited Announces Board Resignations The 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. Announcement • Apr 03
China Tower Corporation Limited to Report Q1, 2025 Results on Apr 17, 2025 China Tower Corporation Limited announced that they will report Q1, 2025 results on Apr 17, 2025 Announcement • Mar 17
China Tower Corporation Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on 30 June 2025 China 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. Announcement • Mar 04
China Tower Corporation Limited to Report Fiscal Year 2024 Results on Mar 17, 2025 China Tower Corporation Limited announced that they will report fiscal year 2024 results on Mar 17, 2025 Announcement • Nov 21
China Tower Corporation Limited Announces Resignation of Gao Chunlei as Executive Director The 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 18
Third 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. Announcement • Oct 04
China Tower Corporation Limited to Report Nine Months, 2024 Results on Oct 18, 2024 China Tower Corporation Limited announced that they will report nine months, 2024 results on Oct 18, 2024 Announcement • Sep 13
China Tower Corporation Limited Announces Appointment of Zhang Wei as Independent Non-Executive Director and Change in the Composition of Board Committees China 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 13
Upcoming dividend of CN¥0.011 per share Eligible 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 28
Second 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 08
Second 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. Announcement • Aug 07
China Tower Corporation Limited Proposes Interim Dividend for the Six Months Ended 30 June 2024, Payable on 29 November 2024 China 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. Announcement • Jul 24
China Tower Corporation Limited to Report First Half, 2024 Results on Aug 07, 2024 China Tower Corporation Limited announced that they will report first half, 2024 results on Aug 07, 2024 Announcement • Jul 02
China Tower Corporation Limited Appoints Xu Bo as A Deputy General Manager of the Company China 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. Upcoming Dividend • May 16
Upcoming dividend of CN¥0.037 per share Eligible 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 06
First 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. Announcement • Apr 24
China Tower Corporation Limited Appoints Chen Li as General Manager The 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 21
New minor risk - Financial position The 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 19
Full 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. Announcement • Apr 13
China Tower Corporation Limited Announces Resignation of Liu Wei as Supervisor China 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. Announcement • Apr 06
China Tower Corporation Limited to Report Q1, 2024 Results on Apr 19, 2024 China Tower Corporation Limited announced that they will report Q1, 2024 results on Apr 19, 2024 Declared Dividend • Mar 20
Dividend of CN¥0.037 announced Shareholders 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 19
Full 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. Announcement • Mar 18
China Tower Corporation Limited, Annual General Meeting, May 20, 2024 China Tower Corporation Limited, Annual General Meeting, May 20, 2024. Announcement • Mar 13
China Tower Corporation Limited Announces the Resignation of Zhang Guohou as Independent Non-Executive Director The 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. Announcement • Dec 07
Rchina Tower Corporation Limited Announces Resignation of Gu Xiaomin as Executive Director The 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 22
Third 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 08
New minor risk - Share price stability The 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). Announcement • Oct 06
China Tower Corporation Limited to Report Q3, 2023 Results on Oct 19, 2023 China Tower Corporation Limited announced that they will report Q3, 2023 results on Oct 19, 2023 Reported Earnings • Aug 04
Second 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. Announcement • Jun 17
China 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 Committee China 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. Announcement • May 12
China Tower Corporation Limited Approves Final Dividend for the Year Ended 31 December 2022, Payable on or About 30 June 2023 China 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 09
Upcoming dividend of CN¥0.032 per share at 3.7% yield Eligible 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 02
Full 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 03
Full 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. Announcement • Feb 17
China Tower Corporation Limited to Report Q4, 2022 Results on Mar 02, 2023 China 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 16
Less than half of directors are independent There 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 21
Third 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 09
Second 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. Announcement • May 12
China Tower Corporation Limited Approves Final Dividend for the Year Ended December 31, 2021, Payable on June 30, 2022 The 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 09
Upcoming dividend of CN¥0.026 per share Eligible 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 27
Less than half of directors are independent There 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. Announcement • Apr 20
China Tower Corporation Limited Announces Change of Chief Accountant China 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. Announcement • Apr 05
China Tower Corporation Limited to Report Q1, 2022 Results on Apr 19, 2022 China Tower Corporation Limited announced that they will report Q1, 2022 results on Apr 19, 2022 Reported Earnings • Mar 10
Full year 2021 earnings: Revenues in line with analyst expectations Full 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 20
Third 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 10
Second 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 24
First 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.