China Tower Corporation Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	100,786	100,411	97,772	94,009	92,170	86,585
Revenue Growth (YoY)	2.25%	2.70%	4.00%	1.99%	6.45%	6.77%
Cost of Revenue	17,180	17,180	16,565	16,252	15,533	12,671
Gross Profit	83,606	83,231	81,207	77,757	76,637	73,914
Selling, General & Admin	6,970	6,970	6,286	6,168	6,459	5,620
Other Operating Expenses	9,704	10,620	8,888	7,642	5,886	4,409
Operating Expenses	65,128	66,044	65,403	62,859	61,877	60,011
Operating Income	18,478	17,187	15,804	14,898	14,760	13,903
Interest Expense	-2,446	-2,446	-2,639	-2,827	-3,003	-3,745
Interest & Investment Income	36	36	63	43	124	22
Currency Exchange Gain (Loss)	-3	-3	-36	-59	-17	-2
Other Non Operating Income (Expenses)	418	418	401	1,173	1,112	305
EBT Excluding Unusual Items	16,483	15,192	13,593	13,228	12,976	10,483
Asset Writedown	173	173	526	-396	-1,448	-868
Pretax Income	16,656	15,365	14,119	12,832	11,528	9,615
Income Tax Expense	4,064	3,734	3,389	3,082	2,741	2,287
Earnings From Continuing Operations	12,592	11,631	10,730	9,750	8,787	7,328
Minority Interest in Earnings	-1	-1	-1	-	-	1
Net Income	12,591	11,630	10,729	9,750	8,787	7,329
Net Income to Common	12,591	11,630	10,729	9,750	8,787	7,329
Net Income Growth	14.79%	8.40%	10.04%	10.96%	19.89%	14.02%
Shares Outstanding (Basic)	17,481	17,481	17,481	17,481	17,481	17,481
Shares Outstanding (Diluted)	17,481	17,481	17,481	17,481	17,481	17,481
Shares Change (YoY)	-	-	-	-0.00%	-	-0.03%
EPS (Basic)	0.72	0.67	0.61	0.56	0.50	0.42
EPS (Diluted)	0.72	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	-	25,606	19,685	-624	36,495	27,990
Free Cash Flow Per Share	-	1.47	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	82.95%	82.89%	83.06%	82.71%	83.15%	85.37%
Operating Margin	18.33%	17.12%	16.16%	15.85%	16.01%	16.06%
Profit Margin	12.49%	11.58%	10.97%	10.37%	9.53%	8.46%
Free Cash Flow Margin	-	25.50%	20.13%	-0.66%	39.59%	32.33%
EBITDA	55,629	54,676	54,646	52,513	52,779	52,361
EBITDA Margin	55.20%	54.45%	55.89%	55.86%	57.26%	60.47%
D&A For EBITDA	37,151	37,489	38,842	37,615	38,019	38,458
EBIT	18,478	17,187	15,804	14,898	14,760	13,903
EBIT Margin	18.33%	17.12%	16.16%	15.85%	16.01%	16.06%
Effective Tax Rate	24.40%	24.30%	24.00%	24.02%	23.78%	23.79%

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.