\n<\/p>\n
HONG KONG SAR –\u00a0Media
\u00a0<\/b><\/p>\n
Performance Highlights<\/b><\/p>\n
RMB Million<\/b><\/p>\n
\n <\/td>\n
<\/p>\n 2020<\/b>
\n <\/td>\n
<\/p>\n 2019<\/p>\n
\n <\/td>\n
<\/p>\n Change<\/b> <\/b><\/p>\n
\n <\/td>\n
Operating revenue<\/p>\n
\n <\/td>\n
<\/p>\n 81,099<\/b>
\n <\/td>\n
<\/p>\n 76,428<\/p>\n
\n <\/td>\n
<\/p>\n 6.1%<\/b>
\n <\/td>\n
EBITDA<\/p>\n
\n <\/td>\n
<\/p>\n 59,527<\/b>
\n <\/td>\n
<\/p>\n 56,696<\/p>\n
\n <\/td>\n
<\/p>\n 5.0%<\/b>
\n <\/td>\n
Profit
\n <\/td>\n
<\/p>\n 6,428<\/b>
\n <\/td>\n
<\/p>\n 5,222<\/p>\n
\n <\/td>\n
<\/p>\n 23.1%<\/b>
\n <\/td>\n
Basic earnings per share (RMB yuan)<\/p>\n
\n <\/td>\n
<\/p>\n 0.0368<\/b>
\n <\/td>\n
<\/p>\n 0.0297<\/p>\n
\n <\/td>\n
<\/p>\n 23.9%<\/b>
\n <\/td>\n
Key operating data<\/b><\/p>\n
\n <\/td>\n
<\/p>\n \u00a0<\/b><\/p>\n
\n <\/td>\n
Number of tower
\n <\/td>\n
<\/p>\n 2,023<\/b>
\n <\/td>\n
<\/p>\n 1,994<\/p>\n
\n <\/td>\n
<\/p>\n 1.5%<\/b>
\n <\/td>\n
Number of tower
\n <\/td>\n
<\/p>\n 3,361<\/b>
\n <\/td>\n
<\/p>\n 3,239<\/p>\n
\n <\/td>\n
<\/p>\n 3.8%<\/b>
\n <\/td>\n
Tower tenancy ratio
\n <\/td>\n
<\/p>\n 1<\/b>.66<\/b>
\n <\/td>\n
<\/p>\n 1.62<\/p>\n
\n <\/td>\n
<\/p>\n 2.5%<\/b>
\n <\/td>\n
The Company’s revenue maintained stable and healthy growth in 2020 while
\u00a0<\/p>\n
Our cash flow remained strong while the debt leveraging level was stable
\u00a0<\/p>\n
Aligned with our commitment to providing good returns to our shareholders,
\u00a0<\/b><\/p>\n
Supporting 5G network construction efficiently and
\u00a0<\/b><\/p>\n
In 2020, in view of the accelerated 5G network deployment and the scaling
\u00a0<\/p>\n
As of the end of 2020, we managed a total of 2.023 million tower sites, representing
\u00a0<\/p>\n
In 2020, our TSP business revenue reached RMB76,899 million, or a 3.8%
\u00a0<\/p>\n
Fostering competitive advantages to accelerate the growth
\u00a0<\/b><\/p>\n
Developing through sharing and collaboration is our founding principle,
\u00a0<\/p>\n
The TSSAI business sustained rapid growth. Along with the accelerated pace
\u00a0<\/p>\n
The energy operation business achieved considerable breakthrough in scale.
Mr Tong Jilu, Chairman of China Tower<\/b> said, “Looking forward, we will seize the opportunities to achieve the
1<\/sup> EBITDA is
2<\/sup> EBITDA margin is calculated by dividing EBITDA by operating revenue, and multiplying the resulting value by 100%.<\/span><\/p>\n 3<\/sup> Free cash
4<\/sup> Gearing
HONG KONG SAR –\u00a0Media
OutReach\u00a0– 8 March 2021 –\u00a0The world’s largest telecommunications infrastructure service provider China
Tower Corporation Limited (“China Tower”, or the “Company”) (Stock Code:
0788.HK) is pleased to announce its annual results for the year ended 31
December 2020.
\u00a0
Performance Highlights
RMB Million
…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/12983"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=12983"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/12983\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=12983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=12983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=12983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOutReach<\/a>\u00a0– 8 March 2021 –\u00a0The world’s largest telecommunications infrastructure service provider China
\nTower Corporation Limited<\/b> (“China Tower”, or the “Company”) (Stock Code:
\n0788.HK) is pleased to announce its annual results for the year ended 31
\nDecember 2020.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\n
<\/p>\n\n\n
\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n attributable to owners of the Company<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n sites (thousand)<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n tenants (thousand)<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n (tower tenants \/ tower sites)<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n
\n
\n
<\/p>\n
\nprofitability continued to improve. Our operating revenue for 2020 recorded a 6.1%
\nyear-on-year increase to reach RMB81,099 million; our EBITDA1<\/sup>
\namounted to RMB59,527 million, with a 73.4% EBITDA margin2<\/sup>. Profit
\nattributable to owners of the Company totaled RMB6,428 million, up by 23.1%
\nover the previous year, with a net profit margin of 7.9%.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nand healthy. Net cash generated from operating activities amounted to RMB57,548
\nmillion in 2020. Capital expenditures amounted at RMB37,122 million, while our free
\ncash flow3<\/sup> reached RMB20,426 million. As of 31 December 2020, our total
\nassets reached RMB337,380 million and interest-bearing liabilities amounted to
\nRMB112,871 million, with a gearing ratio4 <\/sup>of 36.7%.\u00a0\u00a0 <\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nthe Board of Directors recommends to pay a final dividend of RMB0.02235
\n(pre-tax) per share for the year ended 31 December 2020, equivalent to a payout
\nratio of 68% of our annual distributable net profit.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nmaintaining stable growth in TSP business <\/b><\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nof 5G construction, we strengthened the market-oriented approach with customer
\ndemands and 5G new features in mind. We continued to drive resource sharing by
\nmaking full use of both existing resources and social resources and stepping up
\ntechnological and product innovation to drive construction and service model
\ntransformation. By accelerating the implementation of our integrated wireless
\ncommunications coverage solutions, we were able to meet customer demands with
\ncost-effective, intensive and high-performing network coverage solutions. Our
\ncompetitive advantages in low cost, high efficiency and quality services were further
\nreinforced, supporting the stable growth of our TSP business.\u00a0 <\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nan increase of 29,000 compared to the end of 2019. The number of TSP tenants
\nreached 3.175 million, representing an increase of 112,000 compared to the end
\nof 2019. Our TSP tenancy ratio reached 1.57. With regard to our DAS business,
\nwe had covered buildings with a cumulative area of 4,060 million square meters,
\nwhile high-speed railway tunnels and subway coverage totaled a cumulative
\nlength of 12,702 kilometers.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nincrease year-on-year, among which tower business revenue increased by 2.8% to
\nRMB73,371 million, while DAS business revenue increased by 32.7% to RMB3,528
\nmillion.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nof Two Wings business <\/b><\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nwhich has enabled us to fully leverage our resources and strengths to promote
\nproduct innovation and better platform operation in key sectors. The Two Wings
\nbusiness maintained a good development momentum and has become important driver
\nfor revenue growth and value enhancement. In 2020, the Two Wings business
\nrecorded revenue of RMB3,939 million, or a year-on-year increase of 89.4%.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nof informatization across society, we captured timely opportunities to develop
\ntwo types of services around resource sharing and data information. Targeting
\nkey clients in important sectors relating to national economy and peoples’
\nlivelihoods, such as environmental protection, forestry, lands, water resources,
\nwe enhanced our integrated information service abilities and continued to
\ndeliver rapid growth in our TSSAI business. In 2020, revenue generated from our
\nTSSAI business reached RMB3,004 million, or a year-on-year growth of 59.2%.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nLeveraging the advantage of our site resources and expertise in securing power
\nsupply and operation, we have taken proactive steps to expand socialized energy
\napplications and services. In 2020, aligned to our core business segments of
\nbattery exchange and power backup, we enhanced our product platform, expanded
\nour customer base and built our brand advantages. While building up our market
\ncompetitiveness, we achieved initial breakthrough in scale. As of 31 December
\n2020, we have cumulatively developed 301,000 paid users for our battery
\nexchange services. In 2020, our energy operation business generated revenue of
\nRMB935 million.<\/p>\n
\n
\n
\n
<\/p>\n
\ngoal of building an enterprise with the best potential for growth and value
\ncreation. We will continue to uphold our resource sharing to promote stable
\nrevenue growth and enhance the value of our Company, and to achieve
\nhigh-quality development featured ‘One Core and Two Wings’ strategy.”<\/p>\n
\n
<\/p>\n
\n
\ncalculated by operating profit plus depreciation and amortization.<\/span><\/p>\n
\nflow is the net cash generated from operating activities minus the capital
\nexpenditures.<\/p>\n
\nratio is calculated as net debt divided by the sum of total equity and net
\ndebt, then multiplied by 100%.\u00a0Net debt is calculated as the amount of
\ninterest-bearing liabilities minus the amount of cash and cash equivalents.<\/span><\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"