Media OutReach

China Tower Continues to Deepen “One Core and Two Wings” Development Strategy

Published

9 months ago

17/03/2025

Revenue Growth Supported by Multiple Pillars
Steadily Enhancing Shareholder Returns

HONG KONG SAR – Media OutReach Neswire – 17 March 2025 – 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 annual results for the year ended 31 December 2024.

Performance Highlights

RMB Million	2024	2023	Change
Operating revenue	97,772	94,009	4.0%
EBITDA	66,559	63,551	4.7%
Profit attributable to owners of the Company	10,729	9,750	10.0%
Basic earnings per share (RMB yuan)	0.6138	0.5578 (Restated)	10.0%
Full-year dividend per share (RMB yuan)	0.41696	0.37390 (Restated)	11.5%
Key operating data
Number of tower sites (thousand)	2,094	2,046	2.3%
Number of tower tenants (thousand)	3,791	3,658	3.6%
Tenancy ratio (tenants / tower site)	1.81	1.79	1.1%

In 2024, the Company’s operating revenue maintained steady growth, reaching RMB97,772 million, an increase of 4.0% year-on-year. EBITDA[1] reached RMB66,559 million, an increase of 4.7% year-on-year, with an EBITDA margin[2] of 68.1%. Profit attributable to the owners of the Company reached RMB10,729 million, an increase of 10.0% year-on-year, with a net profit margin of 11.0%, demonstrating a continuous improvement in profitability.

Net cash generated from operating activities amounted to RMB49,468 million, an increase of RMB16,628 million year-on-year. Capital expenditures stood at RMB31,941 million, with free cash flow[3] reaching RMB17,527 million, up by RMB16,402 million year-on-year. As at 31 December 2024, our total assets amounted to RMB332,834 million, with interest-bearing liabilities of RMB92,542 million and a gearing ratio[4] of 31.0%, representing a decrease of 0.4 percentage point from the end of 2023. Our financial position remains healthy and stable.

The Company attaches great importance to shareholder returns. After considering our profitability, cash flow and future development needs, the board of directors of the Company has recommended a final dividend of RMB0.30796 per share (pre-tax)[5] for the year ended 31 December 2024. Together with the interim dividend distributed, the total full-year dividend amounted to RMB0.41696 per share (pre-tax) 5, representing an increase of 11.5% compared to 2023 and equivalent to a payout ratio of 76% of our annual distributable net profit.

Solid foundation enabled stable growth in TSP Business

The Company fully delivered the its role as part of a nationwide consortium of telecommunication infrastructure developers and as the leading force in new 5G infrastructure construction. We further overcame challenges in the Dual-Gigabit network joint-entry implementation, as well as in special projects such as upgrading signal strength and extending broadband coverage to all border areas. We were able to capture opportunities presented by the continuous expansion of 5G network penetration and coverage in China. By working continuously to improve resource coordination and sharing, and enhancing our professional operations, we were able to fully satisfy customer network construction needs and maintain stable growth in the TSP business. In 2024, our TSP business recorded a revenue of RMB84,119 million, an increase of 2.4% year-on-year.

Tower business. We focused on high-traffic and high-value scenarios that are of keen interest to our customers, as well as other key scenarios such as high-speed railways, highways, borders and rural areas. We conducted targeted and purposive scenario-based coverage analysis and site planning, strengthened efforts to tackle difficult sites, and supported customers in building 5G premium networks in an intensive and effective manner. We developed and deployed a 3D indoor and outdoor simulation support system to visualize the coverage of planned sites and construction solutions, helping TSPs accurately implement their network coverages. By adhering to a customer-oriented philosophy, we constantly optimized our business processes, standardized business management, and improved the efficiency of order acquisition and delivery, billing and payment collection, enhancing service capabilities and customer satisfaction. In 2024, our revenue from the Tower business amounted to RMB75,689 million, an increase of 0.9% from the previous year. As at 31 December 2024, the Company managed a total of 2.094 million tower sites, an increase of 48,000 year-on-year. We have gained 120,000 new TSP tenants since the end of 2023, bringing the total number of TSP tenants to 3.544 million. Our TSP tenancy ratio increased from 1.68 at the end of 2023 to 1.72, further improving the level of co-location.

DAS business. We continued to strengthen our coordination and sharing capabilities for key scenarios such as large transportation hubs, landmark buildings, subways, large venues, Grade 3A hospitals and tertiary institutions. We collaborated with customers to carry out 5G upgrades on high-speed railways and unleashed more demand for high-value scenarios. Leveraging our advantages of coordinated site entry and construction, and our co-building and co-sharing policies, we actively implemented special projects for covering elevators and underground parking lots and expanded the deployment of shared low-power repeaters to help TSPs quickly and efficiently improve network coverage to elevate people’s livelihoods. We continued to enhance product and solution design capabilities and innovation in DAS shared products, which enabled us to provide customers with differentiated active and passive DAS sharing solutions, meeting the demand for upgrading of existing DAS to 5G network. In 2024, our revenue from the DAS business reached RMB8,430 million, an increase of 18.1% year-on-year. As at 31 December 2024, we had covered buildings with a cumulative area of 12.68 billion square meters, up by 24.9% year-on-year, while high-speed railway tunnels and subway coverage reached a cumulative length of 29,315 kilometers, up by 21.8% year-on-year.

Forged strengths to achieve healthy growth of Two Wings business

During the year, in view of the opportunities brought about by the development of the digital economy and the “Dual Carbon” goals, we worked continuously to strengthen product innovation, optimized business planning, further improved our core competencies, and promoted the healthy development of our Two Wings business. In 2024, the revenue of the Two Wings business reached RMB13,388 million and accounted for 13.7% of our overall operating revenue, an increase of 1.5 percentage points over the same period last year.

Smart Tower business. We fully leveraged our core capabilities and advantages in spatial digital intelligence governance to serve the national development strategies of “Digital China” and “Beautiful China”, continuously refining our Smart Tower business. We expanded our Smart Tower business across vertical sectors to consolidate our leading position. This was achieved by deepening strategic cooperation with key customers, creating premium projects across various industry segments. As a result, we secured leadership in incremental domestic market share in a number of key scenarios such as disaster alert and farmland protection. We enhanced research and innovation to foster core capabilities. In these areas, we fortified the distributed deployment on our platform and strengthened algorithm development for mid-to-high point scenarios, building a strong platform foundation, focusing on key service scenarios. We identified additional customer demands to promote service upgrades. This saw us enhancing our localized technical support teams and improving our “companion” service capabilities to meet customers’ iterative development needs in a timely manner and achieved high-quality project delivery. Relying on the large-scale operation and maintenance system, we built a professional network management platform, equipped with the ability to accurately diagnose incidents occurring in the terminal devices, dispatch tasks in real time and handle incidents in a timely manner. We deepened service integration and strengthened industry collaboration. By expanding our partner base, signing strategic cooperation agreements with tertiary institutions and leading enterprises, we achieved coordinated development. In 2024, the Smart Tower business generated revenue of RMB8,911 million, up by 22.4% year-on-year, among which, revenue from our Tower Monitoring business reached RMB5,539 million, accounting for 62.2% of our revenue from the Smart Tower business.

Energy business. We focused on key business segments such as battery exchange and power backup, refining operations and solidifying product, service and platform competitiveness in order to turn Energy business into a specialized business stream. For the battery exchange business, we continued to engage users more effectively in the delivery and courier markets, enhancing service capabilities and achieving stable user growth. As at 31 December 2024, the number of battery exchange users reached 1.304 million, an addition of 159,000 since the end of 2023, further maintaining our leading position in the market for battery exchange for low-speed electric vehicles. We leveraged the opportunities brought about by national policies on safe charging, giving full play to our own capabilities and advantages in laying out economic and efficient community charging infrastructure and providing safe and convenient battery charging services for low-speed electric vehicles to the community. These efforts helped expand our customer base of our battery exchange business. For the power backup business, we focused on pivotal industries such as telecommunications and finance, along with key scenarios, to expand our premium customer base. We used our reliable power backup service as an entry point to explore the demand for monitoring, energy consumption management and maintenance services, providing a comprehensive “power backup +” industry solution and forging the “energy butler” brand. In 2024, our Energy business achieved revenue of RMB4,477 million, a year-on-year increase of 6.2%, of which the revenue from battery exchange business accounted for RMB2,500 million, with its contribution to the Energy business reaching 55.8%.

Mr. Zhang Zhiyong, Chairman of China Tower said, “Looking ahead, under the guidance of our established strategy, we will seek to further deepen our ‘One Core and Two Wings’ strategy, enhance our core competitiveness to ensure a robust foundation for our solid and high-quality development, and achieve increased growth in our enterprise value, while creating greater returns for our shareholders, customers and society.”

[1] EBITDA is calculated by operating profit plus depreciation and amortization.

[2] EBITDA margin is calculated by dividing EBITDA by operating revenue, and multiplying the resulting value by 100%.

[3] Free cash flow is the net cash generated from operating activities minus the capital expenditures.

[4] Gearing ratio is calculated as net debt divided by the sum of total equity and net debt, then multiplying the result by 100%.

[5] The Company’s Share Consolidation and Capital Reduction took effect on 20 February 2025. The Company’s total issued capital was reduced from 176,008,471,024 shares to 17,600,847,102 shares. The final dividend will be distributed and the full-year dividend will be calculated based on the total issued share capital after the aforementioned change in total issued share capital.

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 information and communications infrastructure service provider, and a highly competitive information and new energy applications provider. As of the end of December 2024, the Company’s total assets amounted to RMB332,834 million. China Tower operated and managed 2.094 million tower sites across 31 provinces, municipalities and autonomous regions in the PRC, and served over 3.791 million tenants with the tenancy ratio of 1.81.

Media OutReach

Media OutReach Newswire Expands ASEAN Press Release Distribution Network with the Addition of Timor-Leste

Published

18 hours ago

15/12/2025

Media Outreach

Providing press release distribution to media in ASEAN’s newest member state

SINGAPORE – Media OutReach Newswire – 15 December 2025 – Media OutReach Newswire, Asia Pacific’s first global newswire, has expanded its press release distribution network in the Association of Southeast Asian Nations (ASEAN), affirming its position as the leading global newswire for ASEAN, Southeast Asia, and the wider Asia Pacific region.

After a two-decade accession process, Timor-Leste officially became the 11^th member state of the Association of Southeast Asian Nations on 26 October 2025, during the 47^th ASEAN Summit, held in Kuala Lumpur, Malaysia.

The expansion of press release distribution to the new ASEAN member state cements Media OutReach Newswire as the global newswire having local presence, knowledge, and expertise across Asia Pacific. This enables the newswire to build and expand its distribution network in response to any new developments in this dynamic region.

Media OutReach Newswire’s Timor-Leste press release distribution network includes all media in the country, including the nation’s top media outlets, such as Suara Timor Lorosa’e (STL), Timor Post, the Jornal Independente, and Tempo Timor to name a few.

Jennifer Kok, Founder & CEO of Media OutReach Newswire, said: “As a global newswire founded in APAC, we have expert knowledge of the media and needs of PR professionals here, and can respond to any changes in the region. When the news broke, our Media Research Team immediately sprang to work on building the press release distribution network in Timor-Leste. As the only global newswire founded and headquartered in APAC, Media OutReach Newswire is the expert on ASEAN, Southeast Asia, and Asia Pacific, catering to PR professionals in the region, with a comprehensive, targeted, and up-to-date press release distribution network. This is combined with a global network covering North America, Europe, South and Latin America, the Middle East and Africa. Our network of real journalists and guaranteed online news postings on authentic media power SEO, GEO, and AI citation – AI models have been proven to trust and cite press releases on real news sites, and we are committed to our clients’ press releases being published on real news media.”

Media OutReach Newswire’s total communications solutions provide PR professionals direct access to real journalists, allowing them to secure earned write-ups and build media relations. Guaranteed and verbatim news postings on real and authoritative news sites – across Asia Pacific, North America, South and Latin America, Europe, Middle East and Africa – power SEO and GEO, surfacing brands in AI search results citations. The pioneering reporting, with ready-to-use multi-format auto-reports with data insights and PR campaign intelligence, allow PR professionals to demonstrate campaign performance and ROI to stakeholders.

Jennifer added, “At Media OutReach Newswire we have worked steadfastly for over 16 years to build an unparalleled global network of real journalists and editors at trusted media, and KOLs. I am pleased to see Timor-Leste join the ASEAN community, and for us to be able to connect corporations and organisations with the country’s media and people.”

The addition of press release distribution in Timor-Leste is testament to Media OutReach Newswire offering the most comprehensive press release distribution service across ASEAN and Asia Pacific, with the total communications solutions that PR professionals need. It further solidifies the company’s position as Asia Pacific’s global newswire – trusted by the journalists and the media – empowering brands, agencies and PR professionals in the age of AI.

Hashtag: #MediaOutReachNewswire #pressrelease

The issuer is solely responsible for the content of this announcement.

About Media OutReach Newswire

Media OutReach Newswire is Asia Pacific’s first global newswire, serving as a trusted partner to the media, PR and communications professionals, corporations, and government bureaus, across the region and the globe.

Founded in 2009 as a champion of the PR industry, Media OutReach Newswire leverages next-generation technology to redefine press release distribution and reporting, with data insights and PR campaign intelligence, providing total communications solutions for PR professionals.

With a global network of 200,000 editors and journalists, 70,000+ media titles, from 1,500 media partners in more than 40 languages, Media OutReach Newswire is the only newswire offering guaranteed verbatim postings on real news sites. Press releases on authentic media are trusted by AI models, powering SEO, GEO, and AI search results citations.

Headquartered in Hong Kong, with offices across China, Singapore, Japan, Malaysia, Thailand, Vietnam, and Taiwan, the global press release distribution network spans Asia Pacific and Southeast Asia, the US, Canada, South and Latin America, Europe, the Middle East, and Africa.

For more information about our services, solutions and network, please visit www.media-outreach.com

Media OutReach

Nano Singapore Expands Premium Supplement Range in Malaysia to Meet Growing Demand for Science-Backed Wellness

Published

18 hours ago

15/12/2025

Media Outreach

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 15 December 2025 – Nano Singapore, a Singapore-based health and wellness brand, is expanding its premium supplement range in Malaysia with the introduction of five flagship products. The expansion responds to rising consumer demand for scientifically formulated wellness solutions, as more Malaysians prioritise preventive health and seek supplements backed by research and manufactured to international safety standards.

With Nano Singapore’s expansion, Malaysians now have more options for quality health supplements.

The five formulations introduced include Tongkat Ali Plus, Probiotics 40 Billion CFU with Prebiotic, Magnesium Glycinate 834mg, Turmeric Curcuma Complex with 95% Curcuminoids, and Milk Thistle Complex, which reflect the brand’s multi-ingredient approach to supplementation. Each product is manufactured in GMP-certified, FDA-registered facilities.

Five Flagship Formulations

Tongkat Ali Plus – A multi-herbal vitality formula combining Tongkat Ali with Maca, Ginseng, and 17 synergistic botanicals, offering a more complete men’s wellness solution compared to single-ingredient alternatives.
Probiotics 40 Billion CFU with Prebiotic – A high-potency gut health probiotics formula featuring four clinically researched strains (L. Acidophilus, B. Lactis, L. Plantarum, L. Paracasei) paired with prebiotic fibre to support digestion, gut balance, and long-term immunity.
Magnesium Glycinate 834mg – A gentle, high-absorption form of magnesium that supports muscle relaxation, stress reduction, and sleep quality, with superior bioavailability and reduced gastrointestinal discomfort compared to oxide or citrate forms.
Turmeric Curcuma Complex with 95% Curcuminoids – A high-strength antioxidant formula with 95% standardised curcuminoid content significantly higher than common turmeric powders, designed to support joint comfort, mobility, and inflammation response.
Milk Thistle Complex – A comprehensive liver support supplement combining Milk Thistle with Dandelion, Artichoke, Black Pepper, and Turmeric for broader detoxification and antioxidant protection.

“Consumers today are more informed about what goes into their supplements. They’re looking for products with transparent formulations, credible sourcing, and measurable benefits,” said Joel Fu, General Manager of Nano Singapore. “Our formulations are designed to address real wellness needs like energy, gut balance, and recovery by using ingredients supported by scientific research.”

The expansion strengthens Nano Singapore’s presence in Malaysia, where the brand currently serves customers through its e-commerce platform and a growing network of local pharmacies. Strategic partnerships with Touch ‘n Go, Watsons, and other retail channels are also underway to improve accessibility nationwide.

For more information or to browse the full product range, visit the official Malaysia website at https://my.nanosingaporeshop.com/.
Hashtag: #NanoSingaporeMY

https://my.nanosingaporeshop.com/
https://www.facebook.com/NanoSingaporeMY/
https://www.instagram.com/nanosingaporemy/
Youtube: https://www.youtube.com/@NanoSingaporeMY
Tik Tok: https://www.tiktok.com/@nanosingaporemy.os

The issuer is solely responsible for the content of this announcement.

Nano Singapore MY

Nano Singapore is a leading wellness brand offering premium, research-backed health supplements designed to support daily wellbeing and long-term vitality. Formulated in Singapore and manufactured in GMP-certified, FDA-registered facilities, the brand focuses on delivering high-quality products across key categories, including gut health probiotics, multivitamins, beauty supplements, men’s health, liver support supplements, and herbal wellness formulas.

Nano Singapore serves customers nationwide through a strong e-commerce presence and an expanding distribution network across local pharmacies in Malaysia. With a commitment to transparency, safety, and measurable results, Nano Singapore continues to be a trusted choice for Malaysians seeking effective and reliable wellness solutions.

Media OutReach

Five Talent Shifts Redefining Hiring in Hong Kong: PERSOL Unveils 2025 Workforce Insights

Published

20 hours ago

15/12/2025

Media Outreach

PERSOL’s latest Industry Insight Report reveals how digitalisation, sustainability and shifting worker expectations are transforming recruitment and retention across Asia Pacific.

HONG KONG SAR – Media OutReach Newswire – 15 December 2025 – PERSOL has released its Industry Insight Report 2025, revealing an urgent need for employers across Asia Pacific to adapt to a fast-changing talent landscape. With hybrid digital and ESG-related skills in short supply, the study finds that employee expectations for flexibility, purpose and growth now outweigh pay, reshaping talent attraction and retention across the region.

2025 talent trends and hiring priorities

In Hong Kong, hiring remains selective, with steady demand for digital sales talent, bilingual professionals and frontline leaders. Employers are also facing rising wage pressure and waning youth interest in frontline roles, prompting businesses to rethink how they attract and engage talent. To fill critical service and customer-facing roles, companies are increasingly widening their talent search across the broader region to address persistent shortages.

Based on findings from 12 markets and four core sectors – Manufacturing, Consumer, Professional Services and Supply Chain – the report offers a regional view of how work and workforce priorities are evolving.

APAC’s Workforce in Flux

PERSOL’s Industry Insights Report 2025 finds that automation, sustainability regulation and demographic change are reshaping labour markets across the region.

Employers continue to face widespread skills shortages, with demand for digital, analytical and hybrid capabilities outpacing supply in most major markets. ESG awareness and compliance literacy are also becoming essential hiring criteria as organisations respond to growing sustainability expectations.

The report highlights that Generation Z and millennial professionals are reshaping what they value at work, prioritising flexibility, purpose and development opportunities over pay alone. According to the International Labour Organization (ILO), Asia and the Pacific remains the world’s fastest-growing employment region, underscoring the need for businesses to evolve workforce strategies in line with these shifting expectations.^{^[1]}

Elvin Tan, Regional Director and Head of Operations APAC said, “The region’s talent economy is at a crossroads. Workforce gaps are no longer just about headcount. They are about adaptability. Employers who balance technology investment with cultural intelligence and purpose-led hiring will emerge stronger in the next cycle.”

The Five Talent Shifts Defining the Future of Work

The report identifies five interconnected shifts reshaping how employers hire, engage and compete for talent across Asia Pacific.

At the heart of this transformation is the rise of hybrid skills, where digital fluency and human capability increasingly go hand in hand. These capabilities are especially important in digital sales and customer-facing roles, where employers look for talent who can combine technical proficiency with strong communication skills.
Closely linked to this is the growing importance of sustainability and compliance literacy. As ESG expectations become more deeply embedded in business strategy, roles once limited to sustainability teams are now expanding across finance, operations and supply chain functions.
The study also points to a major shift in the employer–employee dynamic, with candidates behaving more like consumers. Jobseekers expect transparency, mobile-first communication and a sense of purpose from the hiring process itself. This trend is evident locally, where bilingual candidates increasingly evaluate organisations on culture, stability and clear growth pathways.
These evolving expectations are most visible among younger professionals, particularly Gen Z and millennials, who prioritise flexibility, belonging and personal growth. For many, meaningful work and supportive leadership now matter more than salary alone.
The report also highlights a growing need for stronger collaboration between businesses, educators and government to keep skills development aligned with evolving workforce demands. In Hong Kong, this coordinated approach is becoming increasingly important as industries adapt to rapid digitalisation, rising service expectations and ongoing talent shortages.

Zen Loh, Managing Director & Strategic Business Group Head said, “This report reflects PERSOL’s commitment to equipping our clients with data-driven insights that translate into real workforce strategies. We’re helping businesses and jobseekers prepare for what’s next by understanding the skills, mindsets and motivations shaping the future of work.”

Empowering Organisations for What’s Next

PERSOL believes that insight is only powerful when it drives action. Across Asia Pacific, the company works alongside organisations to turn workforce intelligence into real progress, helping them attract, develop and retain the people who will shape the next generation of work.

Download the PERSOL Industry Insight Report 2025 at www.persolapac.com/industry-insights-2025 to explore the trends transforming how Asia Pacific works, hires and grows.

[1] International Labour Organization (ILO), World Employment and Social Outlook 2025: Asia and the Pacific – May Update. Published May 2025.

Hashtag: #PERSOL

The issuer is solely responsible for the content of this announcement.

About PERSOL in APAC

PERSOL is Asia-Pacific’s leading Staffing and HR solutions partner, operating across 13 markets with deep local insight and regional scale. With more than 140 offices and decades of experience, we deliver integrated workforce solutions that are tailored, tech-enabled, and designed for the dynamic world of work.

We combine human expertise with smart technology to help organisations solve workforce challenges, unlock potential, and stay ahead of change. From recruitment and talent management to workforce strategy and advisory, our collaborative approach puts your goals at the centre.

In 2025, we came together under the PERSOL name – reflecting our bold vision for the future of work and our Group’s Vision: ‘Work and Smile’. Whether you’re building teams, growing careers, or transforming how work gets done, we’re here.