China Tower Corporation Limited

SEHK:788 Stock Report

Market Cap: HK$163.4b

China Tower Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Li Chen

Chief executive officer

CN¥746.0k

Total compensation

CEO salary percentage67.02%
CEO tenure2.3yrs
CEO ownershipn/a
Management average tenure4.2yrs
Board average tenure1.6yrs

Recent management updates

Recent updates

Narrative Update • Aug 12

788: Slower AI Adoption And Tax Headwinds Will Pressure Future Returns

Analysts have trimmed their price target on China Tower to HK$8.10 from HK$13.14, citing expectations that AI token adoption may build more slowly, combined with softer 5G base station deployment and higher value added tax rates. What's in the News for China Tower China Tower reported a 30.1% increase in net profit for the first half of 2026 and announced an interim dividend, as part of its focus on the "One Core and Two Wings" strategy to strengthen core competitiveness and drive business growth.
Narrative Update • Jul 14

788: Dividend Strength And Edge Upgrades Will Support Future Upside

Analysts have trimmed their fair value estimate for China Tower, cutting the implied price target from HK$13.14 to HK$8.10 as they factor in a slower ramp up of AI token penetration, softer 5G base station deployment and higher value added tax rates. What's in the News China Tower joined the GSMA as a new member, adding what GSMA describes as the world's largest telecommunications tower company to its global ecosystem, according to GSMA.
Narrative Update • Jun 30

788: AI Infrastructure Progress And Dividend Policy Will Balance Tax Headwinds

Analysts have cut their fair value estimate for China Tower from about HK$11.46 to around HK$8.77, citing a lower future P/E assumption of roughly 10x versus 13x and concerns that slower AI token ramp-up, softer 5G base station deployment, and higher value-added tax rates could weigh on the outlook. What’s in the News for China Tower China Tower joined the GSMA as a new member at MWC Shanghai, bringing what GSMA describes as the world’s largest telecommunications tower company into its global ecosystem.
Narrative Update • Jun 16

788: Higher Margins And Dividend Policy Will Support Bullish Outlook

Analysts have trimmed their fair value estimate for China Tower from about HK$12.11 to around HK$11.46, reflecting updated assumptions for slower revenue growth, higher profit margins, and a lower future P/E multiple. What’s in the News for China Tower China Tower has called a special and extraordinary shareholders meeting for June 16, 2026, in Beijing to consider appointing Yin Wenkai as an executive director, authorizing a director to sign his service contract, setting his remuneration, and addressing other related matters.
Narrative Update • Jun 02

788: Dividend Outlook And Lower Discount Rate Will Support Future Upside Potential

Analysts have trimmed their HK$ price target on China Tower, reflecting slightly lower assumptions for fair value, revenue growth and profit margins. This is partly offset by a higher future P/E multiple and a modestly reduced discount rate.
Analysis Article • Feb 11

Investors Interested In China Tower Corporation Limited's (HKG:788) Earnings

China Tower Corporation Limited's ( HKG:788 ) price-to-earnings (or "P/E") ratio of 15.3x might make it look like a...
Narrative Update • Feb 05

788: Battery Recycling Partnership Will Support Future Upside Potential

Analysts have nudged their price target on China Tower higher, reflecting a modestly richer fair value estimate and slightly adjusted assumptions on the discount rate, revenue growth, profit margins, and forward P/E expectations. What's in the News China Tower entered a cooperation agreement with China Carbon Neutral Development Group and China Renewable Resources Development Group to work together on lithium battery recycling and carbon neutrality projects, using each party's resources, technology and market reach to build a circular economy ecosystem for lithium batteries (Key Developments).
Narrative Update • Jan 22

788: Battery Recycling Push And Governance Reforms Will Support Future Upside

Analysts have increased their price target for China Tower to US$13.19 from US$13.13, citing slightly updated assumptions around the discount rate, long-term revenue growth, profit margins and future P/E expectations. What's in the News China Tower entered a cooperation agreement with China Carbon Neutral Development Group and China Renewable Resources Development Group to work together on lithium battery recycling and circular economy projects under China's carbon neutrality objectives (Key Developments).
Narrative Update • Jan 08

788: Battery Recycling Partnership Will Drive Long Term Carbon Neutrality Opportunity

Analysts have lowered their price target on China Tower to about $14.12 from roughly $16.17, citing updated assumptions that reflect a slightly higher discount rate, more conservative revenue growth and profit margin forecasts, and a modestly higher future P/E multiple. What's in the News China Tower entered a cooperation agreement with China Carbon Neutral Development Group and China Renewable Resources Development Group to build a nationwide lithium battery recycling and circular economy ecosystem aligned with China's "carbon peaking and carbon neutrality" goals (Key Developments).
Analysis Article • Jan 04

China Tower (HKG:788) Has More To Do To Multiply In Value Going Forward

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Dec 17

Here's Why We Think China Tower (HKG:788) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Narrative Update • Dec 14

788: Governance Reforms And Higher Multiple Will Shape Balanced Outlook

Analysts have raised their price target on China Tower from approximately $10.09 to $12.11 per share, citing a higher assumed future price to earnings multiple that more than offsets modestly lower forecasts for revenue growth and profit margins. What's in the News China Tower has scheduled a special and extraordinary shareholders meeting for December 23, 2025 at 14:30 China Standard Time in Beijing to consider major corporate governance changes (Key Developments).
Narrative Update • Nov 30

788: Board Structure Changes And Margin Outlook Will Shape Future Returns

China Tower’s analyst price target was slightly reduced from ¥13.36 to ¥13.13, as analysts cited marginally softer profit margin and revenue growth expectations. What's in the News Proposed amendments to China Tower's Articles of Association and Rules of Procedure, including the abolishment of the Supervisory Committee.
Narrative Update • Nov 16

788: Improving Profitability And Lower P E Ratio Will Drive Gains

Narrative Update: Analyst Price Target Adjustment for China Tower Analysts have slightly lowered their fair value estimate for China Tower from RMB13.45 to RMB13.36. This change is due to adjustments in the discount rate and updated expectations for revenue growth and profit margin.
Analysis Article • Oct 14

China Tower Corporation Limited's (HKG:788) Share Price Matching Investor Opinion

When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") below 12x, you may consider...
Analysis Article • Sep 29

Does China Tower (HKG:788) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Aug 26

Returns On Capital At China Tower (HKG:788) Have Stalled

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
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New Narrative • Mar 23

Expanding Two Wings And Smart Tower Businesses Will Improve Future Operational Efficiency

Expansion into Two Wings business and Smart Tower growth indicates strategic diversification to drive future revenue beyond core offerings.

CEO Compensation Analysis

How has Li Chen's remuneration changed compared to China Tower's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

CN¥13b

Mar 31 2026n/an/a

CN¥13b

Dec 31 2025CN¥746kCN¥500k

CN¥12b

Sep 30 2025n/an/a

CN¥11b

Jun 30 2025n/an/a

CN¥11b

Mar 31 2025n/an/a

CN¥11b

Dec 31 2024CN¥493kCN¥327k

CN¥11b

Compensation vs Market: Li's total compensation ($USD110.95K) is below average for companies of similar size in the Hong Kong market ($USD961.07K).

Compensation vs Earnings: Li's compensation has increased by more than 20% in the past year.

CEO

Li Chen (58 yo)

2.3yrs
Tenure
CN¥746,000
Compensation

Mr. Li Chen is General Manager of China Tower Corporation Limited since April 23, 2024 and serves as its Executive Director since May 20, 2024. He was a Director and deputy general manager of China Mobile...

Leadership Team

NamePositionTenureCompensationOwnership
Zhiyong Zhang
Executive Chairman8.3yrsCN¥742.00kno data
Li Chen
GM & Executive Director2.3yrsCN¥746.00kno data
Qingzhou Liu
Board Secretary & GM of Finance Department8.3yrsno datano data
Shaofeng Hu
Chief Accountant4.3yrsno datano data
Edgar Fu
Investor Relations Directorno datano datano data
Wenkai Yin
Executive Directorless than a yearno datano data
Suet Wing Leung
Company Secretary4yrsno datano data
4.2yrs
Average Tenure
57.5yo
Average Age

Experienced Management: 788's management team is considered experienced (4.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Zhiyong Zhang
Executive Chairman8.3yrsCN¥742.00kno data
Li Chen
GM & Executive Director2.3yrsCN¥746.00kno data
Wenkai Yin
Executive Directorless than a yearno datano data
Wei Zhang
Independent Non-Executive Director1.9yrsCN¥67.00kno data
Zhang-Hong Hu
Independent Non-Executive Director4.6yrsCN¥167.00kno data
Jianjun Cheng
Non-Executive Director1.3yrsno datano data
Xiaobing Fang
Non-Executive Director3.8yrsno datano data
Xiaoqing Fan
Chairman of the Supervisory Committee5.3yrsno datano data
Xiaowei Luan
Non-Executive Directorless than a yearno datano data
Zhenjiang Pei
Independent Non-Executive Director1.1yrsCN¥30.00kno data
Shouye Miao
Non Executive Director1.1yrsno datano data
Bugao Wen
Independent Non-Executive Director1.1yrsno datano data
1.6yrs
Average Tenure
57yo
Average Age

Experienced Board: 788's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/24 23:18
End of Day Share Price 2026/08/24 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

China Tower Corporation Limited is covered by 27 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chris LaneBernstein
Wai Kit ChuBofA Global Research
Shuyun CheChina International Capital Corporation Limited