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