China Tower Corporation Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	100,411	97,772	94,009	92,170	86,585
Revenue Growth (YoY)	2.70%	4.00%	1.99%	6.45%	6.77%
Cost of Revenue	17,180	16,565	16,252	15,533	12,671
Gross Profit	83,231	81,207	77,757	76,637	73,914
Selling, General & Admin	6,970	6,286	6,168	6,459	5,620
Other Operating Expenses	10,620	8,888	7,642	5,886	4,409
Operating Expenses	66,044	65,403	62,859	61,877	60,011
Operating Income	17,187	15,804	14,898	14,760	13,903
Interest Expense	-2,446	-2,639	-2,827	-3,003	-3,745
Interest & Investment Income	36	63	43	124	22
Currency Exchange Gain (Loss)	-	-36	-59	-17	-2
Other Non Operating Income (Expenses)	415	401	1,173	1,112	305
EBT Excluding Unusual Items	15,192	13,593	13,228	12,976	10,483
Asset Writedown	173	526	-396	-1,448	-868
Pretax Income	15,365	14,119	12,832	11,528	9,615
Income Tax Expense	3,734	3,389	3,082	2,741	2,287
Earnings From Continuing Operations	11,631	10,730	9,750	8,787	7,328
Minority Interest in Earnings	-1	-1	-	-	1
Net Income	11,630	10,729	9,750	8,787	7,329
Net Income to Common	11,630	10,729	9,750	8,787	7,329
Net Income Growth	8.40%	10.04%	10.96%	19.89%	14.02%
Shares Outstanding (Basic)	17,481	17,481	17,481	17,481	17,481
Shares Outstanding (Diluted)	17,481	17,481	17,481	17,481	17,481
Shares Change (YoY)	-	-	-0.00%	-	-0.03%
EPS (Basic)	0.67	0.61	0.56	0.50	0.42
EPS (Diluted)	0.67	0.61	0.56	0.50	0.42
EPS Growth	8.40%	10.04%	10.96%	19.89%	14.05%
Free Cash Flow	-	19,685	-624	36,495	27,990
Free Cash Flow Per Share	-	1.13	-0.04	2.09	1.60
Dividend Per Share	0.458	0.417	0.374	0.323	0.262
Dividend Growth	9.82%	11.52%	15.69%	23.17%	17.41%
Gross Margin	82.89%	83.06%	82.71%	83.15%	85.37%
Operating Margin	17.12%	16.16%	15.85%	16.01%	16.06%
Profit Margin	11.58%	10.97%	10.37%	9.53%	8.46%
Free Cash Flow Margin	-	20.13%	-0.66%	39.59%	32.33%
EBITDA	56,029	54,646	52,513	52,779	52,361
EBITDA Margin	55.80%	55.89%	55.86%	57.26%	60.47%
D&A For EBITDA	38,842	38,842	37,615	38,019	38,458
EBIT	17,187	15,804	14,898	14,760	13,903
EBIT Margin	17.12%	16.16%	15.85%	16.01%	16.06%
Effective Tax Rate	24.30%	24.00%	24.02%	23.78%	23.79%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.