CHINA TOWER (00788) released its mid-term performance report for 2026, with a net profit attributable to shareholders of 7.489 billion yuan, an increase of 30.1% year-on-year.

CHINA TOWER (00788) released its mid-term results for 2026, reporting an operating income of 48.693 billion yuan (RMB, the same below), a year-on-year decrease of 1.8%; EBITDA was 30.252 billion yuan, down 11.6% year-on-year, with an EBITDA margin of 62.1%; the profit attributable to shareholders was 7.489 billion yuan, an increase of 30.1% year-on-year, with a net profit margin of 15.4%. Basic earnings per share were 0.4284 yuan, with a proposed interim dividend of 0.19122 yuan per share (before tax). In the first half of 2026, the revenue from operator business was 40.357 billion yuan, a year-on-year decrease of 5.0%; among this, tower-related business revenue was 35.263 billion yuan, down 6.7% year-on-year; revenue from indoor distributed antenna systems was 5.094 billion yuan, an increase of 9.2%. Smart connection business revenue was 5.332 billion yuan, up 12.8% year-on-year. Energy business revenue was 2.591 billion yuan, an increase of 17.3% year-on-year. In terms of the development of the smart connection business, focusing on spatial digital governance, the company continues to deepen its engagement in key industries and scenarios. Over 260,000 "digital towers" provide extensive services to more than 10 industries, including land, emergency management, water conservation, and environmental protection, steadily increasing market share in key fields such as straw burning prohibition, cultivated land protection, and disaster early warning; enhancing resource sharing on distributed platforms, strengthening the iteration of mid-to-high positioning algorithms, continuously implementing the "AI+" special initiative, deepening the application of large models in spatial governance, and promoting the innovative upgrade of industry application scenarios; actively laying out emerging fields such as low-altitude economy, and accelerating the R&D progress of related products; consistently adhering to a customer-centric philosophy, improving the high-standard service system and building localized technical support teams, strengthening the whole process of product iteration development, project construction delivery, and operational maintenance, continuously enhancing customer satisfaction. In terms of energy business development, the company focuses on developing core businesses like battery swapping and backup power, leveraging product, service, and platform core advantages, and continuously advancing lean operations to enhance quality, thereby solidifying market competitive advantages. In the battery swapping business, the company digs deep into industries such as express delivery and food delivery, strengthening refined operations for users and enhancing user stickiness through high-quality services. As of June 30, 2026, the number of battery swapping users reached approximately 1.493 million, an increase of 16,000 compared to the end of last year, maintaining a leading market position; accelerating the layout of community slow-moving electric vehicle charging facility networks to empower service upgrades through lean operations, continually broadening the service coverage area and expanding the user base; in the backup power business, focusing on key industry tracks, thoroughly investigating core customer needs, strengthening platform and service capability construction, fully promoting comprehensive industry solutions, and continuously enhancing the brand influence of "Tower Energy Steward."