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Continues to Deepen “One Core and Two Wings” Strategy Focuses on Strengthening Core Competitiveness
Net Profit Increased by 30.1%
HONG KONG SAR – Media OutReach Newswire – 11 August 2026 – The 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 interim results for the six months ended 30 June 2026.
Performance Highlights
| RMB Million | 1H 2026 | 1H 2025 | Change |
| Operating revenue | 48,693 | 49,601 | -1.8% |
| EBITDA[1] | 30,252 | 34,227 | -11.6% |
| Profit attributable to owners of the Company | 7,489 | 5,757 | 30.1% |
| Basic earnings per share (RMB yuan) | 0.4284 | 0.3293 | 30.1% |
| Dividend per share (RMB yuan) | 0.19122 | 0.13250 | 44.3% |
| Key operating data | |||
| Number of tower sites (thousand) | 2,172 | 2,119 | 2.5% |
| Number of tower tenants (thousand) | 3,871 | 3,844 | 0.7% |
| Tenancy ratio (tenants / tower site) | 1.78 | 1.81 | -1.7% |
In the first half of 2026, the Company’s operating revenue reached RMB 48,693 million, a decrease of 1.8% year-on-year. EBITDA amounted to RMB 30,252 million, a decrease of 11.6% year-on-year, with an EBITDA margin[2] of 62.1%. Profit attributable to the owners of the Company reached RMB 7,489 million, an increase of 30.1% year-on-year, with a net profit margin of 15.4%.
Net cash generated from operating activities amounted to RMB 7,135 million. Capital expenditure stood at RMB 11,650 million. As at 30 June 2026, our total assets amounted to RMB 351,237 million, with interest-bearing liabilities of RMB 101,392 million and a gearing ratio[3] of 31.5%, representing an increase of 3.8 percentage points from the end of 2025.
The Company attaches great importance to shareholder returns. After considering our profitability, cash flow and capital requirements for future development, the board of directors of the Company has resolved to distribute an interim dividend of RMB 0.19122 per share (pre-tax).[4] We will work towards realizing steady growth in annual dividend payment per share and continue creating greater value for shareholders.
The Company further deployed the Dual-Gigabit network joint-entry implementation and made significant progress in implementing special projects such as upgrading signal strength and extending broadband coverage to all border areas, forests and grasslands. We focused on enhancing resource sharing and coordination of network resources in order to fully satisfy our customers’ diverse, high-quality network construction needs, and support the expansion of 5G network penetration and coverage. In the first half of 2026, our TSP business recorded revenue of RMB 40,357 million, a decrease of 5.0% year-on-year.
Tower business. We deepened the implementation of our embedded service mechanism, aligning with TSPs’ network construction planning and comprehensively addressing their demands for network standards/frequency bands. We strengthened the innovative application of regionalized products and comprehensive solutions to fully meet customers’ differentiated needs. Leveraging our extensive site resource data, we proactively conducted coverage analysis to enhance network optimization capabilities, helping TSPs achieve precise planning and precise construction. Focusing on customers’ most pressing concerns, we leveraged the Company’s resource coordination advantages and carried out special initiatives to tackle difficult sites, enhancing construction and delivery efficiency. We fully implemented the integrated coordination of “resources + demand”, actively engaging with network coverage needs in key industries such as culture and tourism, education, and transportation. Adhering to a customer-oriented philosophy, we continued to optimize end-to-end business processes and management standards to serve customers’ network coverage construction efficiently. Impacted by customers’ optimization and adjustment of network deployment, simplified base station upgrades, and the continued development of the unified 4G network by China Telecom and China Unicom, our Tower business revenue in the first half of 2026 reached RMB 35,263 million, a decrease of 6.7% year-on-year. As of 30 June 2026, the Company managed a total of 2.172 million tower sites, an increase of 23,000 sites compared to the end of 2025. TSP tenants reached 3.565 million, a decrease of 2,000 compared to the end of 2025. Our TSP tenancy ratio was 1.69.
DAS business. We continued to focus on high-value and livelihood-critical scenarios, strengthening resource coordination, joint construction and shared development. In support of the implementation of the Technical Standard for Engineering of Mobile Communication Infrastructure in Buildings, we accelerated engagement with newly constructed building projects and coordinated the synchronized planning and construction of supporting telecommunications facilities, achieving early resource deployment and efficient rollout. We continued to enhance product and service competitiveness, and steadily advanced iterative 5G network upgrades on high-speed railways, upgraded signal strength to tackle coverage in elevators and underground parking lots and deployed shared repeaters at scale in everyday scenarios such as tunnels and residential communities, helping TSPs achieve efficient, intensive and low-cost expansion of indoor and outdoor network coverage. In the first half of 2026, our DAS business revenue reached RMB 5,094 million, an increase of 9.2% year-on-year. As of 30 June 2026, we had covered buildings with a cumulative area of 16.17 billion square meters, while the coverage in railway tunnels and subways reached a cumulative length of 36,111 kilometers.
Consolidated advantages to drive rapid growth of Two Wings business
The Company continued to strengthen product innovation and optimized business planning to improve core competencies and drive the continued rapid growth of our Two Wings business. In the first half of 2026, revenues from our Two Wings business reached RMB 7,923 million, accounting for 16.3% of our overall operating revenue and representing an increase of 2.3 percentage points over the same period last year.
Smart Tower business. Focusing on spatial digital intelligence governance, we continued to deepen our presence in key sectors and key scenarios. More than 260,000 “digital towers” now serve over 10 industries, including land and resources, emergency response, water conservancy, and environmental protection, with our market share steadily improving in key areas such as straw burning prohibition, farmland protection, and disaster alert. We deepened resource sharing on the distributed platform and optimized algorithm iteration for mid-to-high points. We continued to implement the “AI+” special project, deepening the application of large models for spatial digital intelligence governance and promoting the innovative upgrading of industry application scenarios. We actively positioned ourselves in emerging fields such as the low-altitude economy, accelerating the R&D of related products. We continued to uphold a customer-oriented philosophy, improved our high-standard service system and the development of local technical support teams, strengthened full-process support for product iteration and development, project construction and delivery, and operation and maintenance, and continuously enhanced customer satisfaction. In the first half of 2026, our Smart Tower business achieved revenue of RMB 5,332 million, a year-on-year increase of 12.8%. Of which, RMB 3,200 million was generated from Tower Monitoring business, accounting for 60.0% of our Smart Tower business.
Energy business. We focused on developing key business segments including battery exchange and power backup. By leveraging our core strengths in product, service, and platform, we continued to refine the quality of our operations and solidify our competitive advantages in the market. For the battery exchange business, we strengthened our presence in the consumer express delivery and food delivery sectors and strengthened the refined operation of our user base, reinforcing customer retention with high-quality service. As of 30 June 2026, we had approximately 1.493 million battery exchange users, an increase of 16,000 from the end of 2025, further maintaining our leading position in the market. We accelerated the deployment of our community charging infrastructure network for low-speed electric vehicles, enabling service upgrades and continuously expanding our service coverage and user base. For the power backup business, we focused on key industry sectors, analyzed customers’ core needs, strengthened platform and service capability development, stepped up the promotion of comprehensive industry solutions, and continued to enhance the influence of the China Tower “energy butler” brand. In the first half of 2026, our Energy business achieved revenue of RMB 2,591 million, a year-on-year increase of 17.3%. Of which, the battery exchange business accounted for RMB 1,595 million, up by 20.6% year-on-year, contributing 61.6% of the Energy business revenue.
Innovation-driven development with steadily enhanced technological capabilities
Focused on the “One Core and Two Wings” strategy, the Company concentrated its resources on solving technological challenges, accelerating the commercialization of research achievements, and fostering the development of new quality productive forces. In the first half of the year, our R&D investment and R&D team size increased by 23% and 22%, respectively, while patent applications and patent authorizations grew by 15% and 132%, respectively, compared to the same period last year. One technological achievement received the second prize of the State Science and Technology Progress Award, and we led the initiation of two additional international standards. A series of innovative products achieved large-scale commercial application, including new 5G leaky cables, the Tower Monitoring platform, video AI algorithms for mid-to-high points, and the integrated energy service platform. The cumulative number of technological achievements and the number of achievements deployed at scale increased by 43% and 57%, respectively, from the end of 2025. The spatial governance data set of our Tower Monitoring network was recognized as an outstanding achievement among the high-quality industry data sets of central state-owned enterprises, while our digital intelligence IoT integrated governance scenario was included among the strategic high-value AI scenarios for central state-owned enterprises. Our technology innovation system continued to improve, with the high-quality development of our six technological innovation centers. We joined the innovation consortia and technology commercialization consortia of central enterprises for fields including the low-altitude economy, robotics, and quantum technology.
Mr. Zhang Zhiyong, Chairman of China Tower said, “In the first half of 2026, we actively seized the opportunities brought about by the national strategies of ‘Cyberpower’, ‘Digital China’, and ‘Dual Carbon’ goals. Looking ahead, we will remain anchored in the ‘One Core and Two Wings’ strategic positioning, focusing on strengthening our core capabilities and competitiveness, further deepening resource sharing, and improving operating efficiency, to create greater value for shareholders, customers, and society.”
Hashtag: #ChinaTower
The issuer is solely responsible for the content of this announcement.
About China Tower (Stock Code: 0788.HK)
China Tower is the world’s largest telecommunications tower infrastructure service provider, and the Company always adheres to the philosophy of shared development and implements the “One Core and Two Wings” strategy. The Company is principally engaged in the construction, maintenance and operation of base station ancillary facilities such as telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). Meanwhile, relying on unique resources to provide energy application services such as information application and intelligent battery exchange and power backup to the society, the Company strives to build itself into a world-class integrated digital infrastructure service provider, and a highly competitive information and new energy applications provider. As of the end of June 2026, the Company’s total assets amounted to RMB 351,237 million. China Tower operated and managed 2.172 million tower sites across 31 provinces, municipalities and autonomous regions in the PRC, and served over 3.871 million tenants with the tenancy ratio of 1.78.
Media OutReach
VinFast further expands authorized service outlet network in Indonesia, enhancing the aftersales experience
VinFast has signed Memoranda of Understanding (MoUs) with 10 reputable partners across Indonesia, including PT Lampung Auto Mandiri, PT Karoto Seiko Indonesia, CV Agus Lio Ban, CV Family Auto Motor, PT Motoreko Mobilindo, PT Green Mobilitas Indonesia, PT Global Mobil Indonesia, PT Layanan Prima Sejahtera, CV Karya Indah Motor, and PT Prayoga Tangguh Perkasa.
Under the agreements, the partners will join VinFast’s Authorized Service Outlet network to provide vehicle maintenance, general repair, and body repair services in accordance with VinFast’s global standards. They will also distribute genuine VinFast parts and accessories throughout Indonesia.
Pursuant to the agreements, the Authorized Service Outlets will meet VinFast’s stringent requirements for technical capability, facilities, and service quality, while committing to uphold the Company’s core values and brand standards.
The continued expansion of VinFast’s Authorized Service Outlet network enables customers across Indonesia to access genuine aftersales services more conveniently, wherever they are. Supported by VinFast-certified technicians and a reliable supply of genuine parts and accessories, customers can be confident that their vehicles will receive consistent, high-quality care, ensuring safety, reliability, and optimal performance throughout the ownership experience.
To date, VinFast has established a network of more than 100 Authorized Service Outlets across Indonesia. The network extends beyond Greater Jakarta (Jabodetabek) to major cities nationwide, meeting the growing aftersales needs of both individual customers and commercial fleet operators.
Mr. Antonio Zara, Chief Executive Officer of VinFast Southeast Asia, said: “For electric vehicles, a reliable aftersales network is essential to giving customers confidence throughout their ownership journey. The continued expansion of our Authorized Service Outlet network demonstrates VinFast’s long-term commitment to customers in Indonesia. By partnering with experienced and trusted automotive service providers, we aim to deliver international-standard aftersales services that are convenient, efficient, and dependable, giving consumers greater confidence in choosing VinFast electric vehicles.”
The expansion of the Authorized Service Outlet network is a key pillar of VinFast’s strategy to build a comprehensive EV ecosystem in Indonesia. Together with an increasingly diverse product portfolio, a rapidly expanding charging infrastructure, and the continued development of a broader green mobility ecosystem, the nationwide aftersales network will further strengthen VinFast’s ability to provide Indonesian consumers with a convenient, reliable, and sustainable EV ownership experience.
VinFast has also introduced a range of customer-focused initiatives to make EV ownership more accessible and convenient, including its battery subscription program, guaranteed buyback program, and free charging at V-GREEN charging stations through March 31, 2029. Together with its partners across vehicle distribution, financing, charging infrastructure, and aftersales services, VinFast continues to strengthen its integrated EV ecosystem, reaffirming its long-term commitment to accelerating the adoption of electric vehicles in Indonesia.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
Media OutReach
UstarPay Announces App and Virtual Card First Launch, Supporting USDT Deposits and Real-World Spending
This launch marks an important milestone for UstarPay’s mission of “Real Crypto, Real Life.” It turns the company’s vision into action by allowing users to move beyond simply holding digital assets and begin using them in real-world spending scenarios. UstarPay will continue improving the product experience in future versions, including usability, supported features, payment scenarios, regional coverage, and infrastructure capabilities.
Digital assets have changed how people store and exchange value, but using crypto in daily life has often remained difficult. UstarPay was created to solve this gap. With the launch of its App and Virtual Card, UstarPay is taking its first step toward making crypto more accessible, spendable, and useful for everyday life.
A UstarPay spokesperson said: “The UstarPay App and Virtual Card officially launched on July 30, and this is only the beginning. This first version allows users to deposit and spend USDT through the UstarPay App and Virtual Card, but our vision goes far beyond that. We will continue to improve the product in upcoming versions, listen closely to users, and build a smoother, broader, and more powerful payment experience.”
What This Launch Means for UstarPay
The first launch of the UstarPay App and Virtual Card creates a major impact for the UstarPay ecosystem. It moves UstarPay from infrastructure vision to real user experience, giving people a direct way to interact with the platform and use digital assets in practical payment situations.
For UstarPay, this launch:
- Validates the “Real Crypto, Real Life” mission by turning USDT into a usable payment balance.
- Introduces UstarPay to real users in the market, allowing the company to quickly gather market feedback and continuously optimize the product experience.
- Creates the foundation for future product expansion, including more features, broader use cases, and improved payment access.
- Strengthens UstarPay’s role in PayFi infrastructure by connecting digital assets with real-world financial activity.
- Builds trust through practical utility, showing users that crypto can be more than an investment or trading asset.
This launch is not the final destination. It is the foundation for UstarPay’s next stage of growth.
What UstarPay Changes
UstarPay changes the way people interact with crypto by making digital assets easier to use in everyday life. Instead of keeping crypto inside exchanges, wallets, or trading platforms, UstarPay helps users turn USDT into real spending power.
This launch changes the user experience in several key ways:
- From holding to spending: Users can move from simply holding USDT to using it for everyday payments.
- From complex to simple: The UstarPay App provides users with a clearer and more convenient way to manage and use digital assets.
- From digital-only to real life: The Virtual Card helps connect crypto balances with real-world payment scenarios.
- From delayed access to faster usability: Users can deposit USDT and access spending functions through a single platform.
- From fragmented tools to one ecosystem: UstarPay brings wallet and card functions together within one unified payment experience.
For freelancers, remote workers, travelers, Web3 users, and digital entrepreneurs, this means crypto can become more practical, flexible, and closely connected to everyday needs.
Key Features of the First Version
The first version of the UstarPay App and Virtual Card includes:
- USDT Deposits: Users can deposit USDT into the UstarPay App.
- Virtual Card Access: Users can use the virtual card in supported payment scenarios.
- Everyday Digital Spending: Designed for online shopping, travel bookings, subscriptions, and other digital payment needs.
- Simple Account Experience: Manage digital assets and payment functions within one app.
- Availability for Eligible Users: Open to eligible users.
- Secure Payment Infrastructure: Built with a focus on compliance, transparency, and asset protection.
As the first version, UstarPay will continue to develop and improve the platform based on user needs, market feedback, and technical upgrades.
The UstarPay App and Virtual Card officially launched on July 30, 2026.
Regulated Area Check:
Before downloading or using UstarPay services, users should confirm whether their country or region is within UstarPay’s supported and compliant service areas. Please refer to the latest regulated area list.
Download UstarPay & Regulated Area List:
https://linktr.ee/UstarPay
Hashtag: #UstarPay
The issuer is solely responsible for the content of this announcement.
About UstarPay
UstarPay is a PayFi infrastructure platform connecting crypto to real-world payments. Through its wallet, card, and payment infrastructure, UstarPay enables users and businesses to transform digital assets into practical spending power.
UstarPay has obtained a Canadian MSB license and is committed to compliance, transparency, and security as it promotes the use of digital asset payments in real-world scenarios. With the mission of “Real Crypto, Real Life,” UstarPay is building seamless infrastructure for a financial future that is digital, mobile, human-centered, and borderless.
Website: www.ustarpay.com
X / Twitter: 
https://x.com/ustarpay
Telegram: 
https://t.me/ustarpay
Media OutReach
DHL Express launches direct Shanghai-Bangkok flight to support growing trade flows across China and Indochina
New DHL daily flight service on Boeing 767 freighter strengthens connections between China, Indochina, the Middle East and Europe
SINGAPORE – Media OutReach Newswire – 11 August 2026 – DHL Express has added a new direct flight between Shanghai and Bangkok, increasing capacity on a trade lane linking China and the rapidly growing economies of Indochina. The new flight route, Shanghai-Bangkok-Bahrain*-Brussels-Shanghai, significantly enhances connectivity among manufacturing, sourcing, and consumption markets across Asia, the Middle East, and Europe.
Operated by a DHL Boeing 767 freighter with a maximum payload of 50 tons, the new daily service demonstrates DHL Express’s ongoing investments in network capacity and infrastructure to strengthen connectivity for customers in high-growth markets. Equally, it also reflects DHL’s constant review of evolving trade patterns and swift action to adapt to those changes.
“This route is a direct response to how trade flows in Asia are shifting,” said Peter Bardens, Senior Vice President for Network Operations & Aviation – Asia Pacific, DHL Express. “We’re seeing increasing movement of goods between China and Southeast Asia, alongside continued demand from customers in Europe and the Middle East for products manufactured across the region. This new route boosts our network where customers need it most, providing additional capacity and more direct connections between key production and consumption markets.”
Bangkok serves as a strategic gateway to the Indochina region, while Bahrain and Brussels are key DHL Express hubs. The introduction of the Shanghai-Bangkok route enables DHL Express to efficiently consolidate shipments originating from China and Southeast Asia before connecting them to destinations across Europe and the Middle East.
The direct flight comes at a time when manufacturers and traders in markets such as Thailand, Vietnam, Cambodia and Laos are sourcing more from China. For many customers, those shipments are part of production chains that stretch across multiple countries. As trade links between China and Southeast Asia deepen, DHL Express is improving speed, flexibility and network resilience for customers moving materials, components and finished products across Asia and onward to global markets. Last month, DHL Express also expanded its Shenzhen gateway, located at Shenzhen Bao’an International Airport. The facility can handle 900 tons of cargo daily – approximately three times the original throughput – as it supports booming cross-border trade and e-commerce shipments in China.
At the same time, businesses in Europe and the Middle East continue to trade heavily with their peers in China and Southeast Asia for a wide range of products, from electronics and industrial components to consumer goods. As international business activity remains highly dispersed across global markets rather than concentrating within regions, the new route opens more trading opportunities for businesses while strengthening access for both regions.
As both intra-Asia and global trade flows continue to show resilience, DHL remains focused on investing in its dedicated air network. Another recent example includes the introduction of a new transpacific service by DHL Global Forwarding that connects Southeast Asia and the United States. These expansions seek to better connect businesses to global markets as well as build more agile supply chains.
*Note to editor: Due to the current conflict in Middle East, flights are tentatively diverted to other locations in the Middle East.
Hashtag: #DHLExpress #Globaltrade #Indochina
https://group.dhl.com/en.html
https://www.linkedin.com/company/dhlexpress/
The issuer is solely responsible for the content of this announcement.
DHL – The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivaled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 389,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of DHL Group. The Group generated revenues of approximately 82.9 billion euros in 2025. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
