00552 CHINACOMSERVICE
- 4.130
- +0.020+0.49%
CHINACOMSERVICE News
The Returns On Capital At China Communications Services (HKG:552) Don't Inspire Confidence
China Communications Services' H1 Profit Jumps on Higher Revenue
CHINACOMSERVICE: Interim Report 2024
The Ministry of Industry and Information Technology: Accelerate the development of mobile Internet of Things from "Internet of Everything" to "Intelligent Connectivity of Everything".
① The notice is based on the development pace of the mobile internet of things industry and the current status of mobile internet of things applications in various industries, and clarifies the development goal of the mobile internet of things. ② By 2027, based on 4G (including LTE-Cat1, which is the category 1 rate type of 4G network) and 5G (including NB-IoT, narrowband internet of things).
[Brokerage Focus] Zhongtai Securities maintains a "buy" rating on chinacomservice (00552), pointing to its potential to fully benefit from the construction of the algorithmic network infrastructure.
King W Financial News | Zhongtai Securities issued a research report stating that China Communication Services (00552) released its mid-year performance for 2024, achieving revenue of 74.412 billion yuan, a year-on-year increase of 1.70%; achieving a net income attributable to equity holders of 2.125 billion yuan, a year-on-year increase of 4.47%. The bank continued to point out that in terms of market segmentation, the operator market achieved revenue of 40.024 billion yuan, a year-on-year increase of 0.12%; overall maintaining basic stability. The company focuses on new demands in AI algorithm construction and industrial digitalization transformation, fully leveraging the advantage of the company's integrated service capabilities. In the first half of the year, the operator market signed new contracts exceeding 58 billion yuan, a year-on-year.
Everbright Securities: Maintains a "shareholding" rating for China Communication Services (00552), with significant improvement in newly signed contracts for strategic emerging businesses.
Everbright Securities lowered its forecast for Chinacomservice's net income attributable to shareholders by 14% to 3.769 billion RMB and by 18% to 3.978 billion RMB for 2024-2025.
Jefferies Adjusts China Communications Services' Price Target to HK$6.53 From HK$6.33, Keeps at Buy
UBS Group: Maintains a "buy" rating on chinacomservice, with a target price of HK$5.
UBS Group released a research report stating that it maintains a "buy" rating on chinacomservice (00552), and expects to see sustained improvement in the company's gross margin. The profit forecast for 2024 to 2026 remains unchanged, and the lower-than-expected revenue growth pace will be offset by higher gross margin and lower-than-expected marketing expenses. The target price has been raised from HK$4.8 to HK$5. In the first half of the year, the company's revenue increased by 1.7% year-on-year, which is lower than the bank's forecasted growth rate of 4% to 5% for the full year. However, the gross margin and net profit increased by 3.6% and 4.4% respectively, which roughly meet expectations.
China Communications Services Seeks Shareholder Go-Ahead for Auditor Appointment
chinacomservice announces 2024 mid-term performance
Key points: Effectively respond to environmental changes, maintain stable and rising operational performance, implement measures to improve quality and efficiency, continue the upward trend of gross profit margin, significant results in global strategic layout, new business leads growth. Leading with technology innovation to enhance core competitiveness. Adhere to high-quality development strategy to strengthen core competitive advantages. Financial Summary (Unaudited) As of the six months ended June 30, 2023 2024 Change Operating income (in hundred million RMB) 73,170 74,412 +1.7%
[Hong Kong Stock Connect] chinacomservice (00552) recorded a 4.45% year-on-year increase in mid-year profit and did not declare a mid-year dividend.
Golden Finance News | China Comservice (00552) announced its interim performance for the period ending June 30, 2024, with a net profit attributable to shareholders of the company of 2.125 billion yuan (RMB, the same below), an increase of 4.45% year-on-year, and basic earnings per share of 0.307 yuan. No interim dividend will be distributed. During the period, the group's revenue was 74.412 billion yuan, a year-on-year increase of 1.70%; the gross profit was 8.116 billion yuan, a year-on-year increase of 3.60%, with a gross margin of 10.9%, an increase of 0.2 percentage points. During the period, the group's telecommunications infrastructure service revenue was 37.666 billion yuan, basically flat year-on-year, accounting for a proportion of operating income.
chinacomservice (00552) intends to appoint Ernst & Young as its international auditor.
ChinaComService (00552) announced that the board of directors of the company has proposed to the shareholders of the company that... in the year 2024.
Express News | China Communications Services - to Propose Appointments of Kpmg and Kpmg Huazhen Llp as International Auditor and Domestic Auditor of Co
Express News | China Communications Services Corp H1 Revenue RMB 74,412 Million
Express News | China Communications Services Corp H1 Gross Profit RMB 8,116 Million
Express News | China Communications Services Corp H1 Gross Margin 10.9%
Express News | China Communications Services Corp H1 ROE 9.9%
Express News | China Communications Services Corp H1 Basic EPS RMB 0.307
CHINACOMSERVICE: Announcement of Interim Results for the Six Months Ended 30 June 2024
Express News | China Communications Services Corp H1 Net Income RMB 30,400 Million
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