China Tower Corporation Limited (CHWRF)

Revenue Breakdown

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Tower Business Revenue	75.53B	75.69B	75.02B
Tower Business Revenue Growth	-0.21%	0.89%	-2.83%
DAS Business Revenue	8.93B	8.43B	7.14B
DAS Business Revenue Growth	5.93%	18.07%	22.53%
TSP Business Revenue	84.46B	84.12B	82.16B
TSP Business Revenue Growth	0.40%	2.38%	-1.04%
Smart Tower Business Revenue	9.66B	8.91B	7.28B
Smart Tower Business Revenue Growth	8.35%	22.35%	27.68%
Energy Business Revenue	4.66B	4.48B	4.21B
Energy Business Revenue Growth	4.15%	6.24%	31.69%
Other Business Revenue	349.00M	265.00M	349.00M
Other Business Revenue Growth	31.70%	-24.07%	48.51%

Revenue Breakdown 2

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
CMCC Group Revenue	42.37B	42.46B	42.19B
CMCC Group Revenue Growth	-0.22%	0.64%	-2.54%
CTC Group Revenue	21.62B	21.37B	20.79B
CTC Group Revenue Growth	1.18%	2.77%	-1.14%
CUC Group Revenue	20.85B	20.93B	19.76B
CUC Group Revenue Growth	-0.37%	5.89%	1.83%
Other Customer Revenue	14.29B	13.02B	11.26B
Other Customer Revenue Growth	9.76%	15.58%	33.41%

Key Performance Indicators

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Number of Tower Sites	2.12M	2.09M	2.05M
Number of Tower Sites Growth	1.19%	2.35%	-0.44%
Number of TSP Tenants	3.58M	3.54M	3.42M
Number of TSP Tenants Growth	0.99%	3.50%	1.84%
TSP Tenancy Ratio (Tenants per Site)	1.72	1.72	1.68
TSP Tenancy Ratio (Tenants per Site) Growth	-	2.38%	1.82%
Area of Buildings (Square Meters)	-	12.68B	10.15B
Area of Buildings (Square Meters) Growth	-	24.93%	37.35%
Length of Subways (Kilometers)	-	13.13K	11.63K
Length of Subways (Kilometers) Growth	-	12.91%	20.95%
Length of High-Speed Railway Tunnels (Kilometers)	-	16.19K	12.45K
Length of High-Speed Railway Tunnels (Kilometers) Growth	-	30.06%	19.35%
Total Tenancy Ratio (Tenants per Site)	-	1.81	1.79
Total Tenancy Ratio (Tenants per Site) Growth	-	1.12%	2.87%
Average Annual Revenue per Site (RMB Yuan / Year)	-	40.87K	40.14K
Average Annual Revenue per Site (RMB Yuan / Year) Growth	-	1.82%	-0.92%

Updated Jun 30, 2025. Data Source: Fiscal.ai.