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China Tower Corporation Limited logo

China Tower Corporation Limited

0788.HK

HKSECommunication ServicesTelecommunications Services

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Latest quote

HK$9.27

−HK$0.08 · -0.86%

Aug 24, 11:00 AM HKT

0788.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Tower Corporation Limited serves as a prominent telecommunications infrastructure provider throughout the People's Republic of China. The company's core operations involve the development, upkeep, and management of essential base station facilities. This includes not only traditional telecommunication towers but also extensive public network coverage solutions for high-speed railways, subway systems, and large indoor distributed antenna networks. It furnishes telecommunication service providers with crucial infrastructure components such as towers, equipment shelters, cabinets, and supplementary hardware necessary for installing their communication apparatus. Beyond infrastructure provision, China Tower offers comprehensive maintenance, covering continuous equipment operation monitoring, regular site inspections, rapid response to device malfunctions, property upkeep, environmental protection, and detailed operational analysis. To support customer telecommunications equipment, the firm ensures reliable power access, supplies batteries, and provides backup power generation. Its specialized indoor distributed antenna systems are critical for linking telecommunication equipment, facilitating the transmission and reception of mobile network signals within buildings, major venues, and tunnels. Moreover, the company extends its services to include emergency backup power for corporate clients, convenient battery exchange options for individual customers, and battery recharging for both corporate and individual users. It also delivers integrated solutions encompassing information services, power generation, and energy storage, alongside trans-sector site application and related information services. Established in 2014 and headquartered in Beijing, People's Republic of China, the company was initially known as China Communications Facilities Services Corporation Limited before adopting its current name, China Tower Corporation Limited, in September 2014.

Industry
Telecommunications Services
Sector
Communication Services
Headquarters
CN
CEO
Chen Li
Listed since
Aug 8, 2018
Employees
25,074

Market position

Day range

Current HK$9.27

52-week range

Current HK$9.27

Open
HK$9.35
Previous close
HK$9.35
Volume
10.14M
0.65× average
Average volume
15.66M
Average daily volume
Market cap
162.05B HKD
Beta
0.35
Market reference 1
50-day average
HK$9.4371
-1.77% below average
200-day average
HK$10.7927
-14.11% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
259.69B CNY
P/E (TTM)
10.31×
P/B (TTM)
0.67×
P/S (TTM)
1.39×
EV / EBITDA
4.75×
Earnings yield
6.41%
Free cash flow yield
14.10%
Dividend yield
5.59%

Profitability & efficiency

Gross margin
26.28%
Operating margin
31.18%
Net margin
13.43%
Return on equity
5.70%
Return on assets
3.45%
Return on invested capital
4.46%

Financial health

Debt / equity
0.44×
Current ratio
1.29×
Altman Z-score
1.36
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends109%73%36%-1%Gross margin, FY2021: 100.00%Gross margin, FY2022: 93.65%Gross margin, FY2023: 94.26%Gross margin, FY2024: 83.06%Gross margin, FY2025: 82.89%Operating margin, FY2021: 15.05%Operating margin, FY2022: 14.44%Operating margin, FY2023: 15.43%Operating margin, FY2024: 16.70%Operating margin, FY2025: 17.29%Net margin, FY2021: 8.46%Net margin, FY2022: 9.53%Net margin, FY2023: 10.37%Net margin, FY2024: 10.97%Net margin, FY2025: 11.58%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 93.65%. Gross margin FY2023 94.26%. Gross margin FY2024 83.06%. Gross margin FY2025 82.89%. Operating margin FY2021 15.05%. Operating margin FY2022 14.44%. Operating margin FY2023 15.43%. Operating margin FY2024 16.70%. Operating margin FY2025 17.29%. Net margin FY2021 8.46%. Net margin FY2022 9.53%. Net margin FY2023 10.37%. Net margin FY2024 10.97%. Net margin FY2025 11.58%.

Income trends

Revenue

100.41B CNY+2.70%

Operating income

17.36B CNY+6.31%

Net income

11.63B CNY+8.40%
Income trends across reported periods109.72B CNY72.49B CNY35.25B CNY−1.98B CNYRevenue, FY2021: 86.59B CNYRevenue, FY2022: 92.17B CNYRevenue, FY2023: 94.01B CNYRevenue, FY2024: 97.77B CNYRevenue, FY2025: 100.41B CNYOperating income, FY2021: 13.04B CNYOperating income, FY2022: 13.31B CNYOperating income, FY2023: 14.5B CNYOperating income, FY2024: 16.33B CNYOperating income, FY2025: 17.36B CNYNet income, FY2021: 7.33B CNYNet income, FY2022: 8.79B CNYNet income, FY2023: 9.75B CNYNet income, FY2024: 10.73B CNYNet income, FY2025: 11.63B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 86.59B CNY. Revenue FY2022 92.17B CNY. Revenue FY2023 94.01B CNY. Revenue FY2024 97.77B CNY. Revenue FY2025 100.41B CNY. Operating income FY2021 13.04B CNY. Operating income FY2022 13.31B CNY. Operating income FY2023 14.5B CNY. Operating income FY2024 16.33B CNY. Operating income FY2025 17.36B CNY. Net income FY2021 7.33B CNY. Net income FY2022 8.79B CNY. Net income FY2023 9.75B CNY. Net income FY2024 10.73B CNY. Net income FY2025 11.63B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue100.41B CNY97.77B CNY94.01B CNY92.17B CNY86.59B CNY
Cost of goods sold17.18B CNY16.57B CNY5.39B CNY5.86B CNY—
Gross profit83.23B CNY81.21B CNY88.62B CNY86.31B CNY86.59B CNY
Selling, general, and administrative6.97B CNY6.29B CNY782M CNY611M CNY73.55B CNY
Operating expenses65.87B CNY64.88B CNY74.11B CNY73B CNY73.55B CNY
Interest income36M CNY63M CNY43M CNY124M CNY22M CNY
Interest expense2.45B CNY2.64B CNY2.83B CNY3B CNY3.75B CNY
Depreciation and amortization37.49B CNY37.62B CNY49.05B CNY49.53B CNY49.98B CNY
Operating income17.36B CNY16.33B CNY14.5B CNY13.31B CNY13.04B CNY
Net income11.63B CNY10.73B CNY9.75B CNY8.79B CNY7.33B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
44%
4 beats, 3 misses, 2 met estimates
Average EPS surprise
+176.83%
9 comparable reports
Latest EPS result
0.49
Estimate 0.36 · Beat by 37.30%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.530.360.180.01Q3 '24BeatQ4 '24BeatQ4 '24No estimateQ1 '25MetQ3 '25MissQ1 '26MissQ3 '26BeatQ1 '27Estimate
Q3 2024, reported Aug 7, 2024: actual 0.327, estimate 0.322, surprise +1.68%, Beat. Q4 2024, reported Oct 18, 2024: actual 0.177, estimate 0.011, surprise +1460.35%, Beat. Q4 2024, reported Dec 31, 2024: actual 0.157, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 17, 2025: actual 0.33, estimate 0.33, surprise 0.00%, Met estimate. Q3 2025, reported Aug 5, 2025: actual 0.361, estimate 0.362, surprise -0.22%, Miss. Q1 2026, reported Mar 18, 2026: actual 0.391, estimate 0.392, surprise -0.18%, Miss. Q3 2026, reported Aug 11, 2026: actual 0.495, estimate 0.36, surprise +37.30%, Beat. Q1 2027, reported Mar 22, 2027: actual —, estimate 0.351, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates59.11B47.53B35.96B24.39BQ3 '24MissQ4 '24MissQ4 '24No estimateQ1 '25BeatQ3 '25MissQ1 '26BeatQ3 '26BeatQ1 '27Estimate
Q3 2024, reported Aug 7, 2024: actual 51.76B HKD, estimate 52.13B HKD, surprise -0.72%, Miss. Q4 2024, reported Oct 18, 2024: actual 26.78B HKD, estimate 28.4B HKD, surprise -5.70%, Miss. Q4 2024, reported Dec 31, 2024: actual 26.94B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 17, 2025: actual 52.72B HKD, estimate 51.92B HKD, surprise +1.55%, Beat. Q3 2025, reported Aug 5, 2025: actual 54.33B HKD, estimate 54.47B HKD, surprise -0.25%, Miss. Q1 2026, reported Mar 18, 2026: actual 56.71B HKD, estimate 56.49B HKD, surprise +0.40%, Beat. Q3 2026, reported Aug 11, 2026: actual 56.23B HKD, estimate 52.64B HKD, surprise +6.82%, Beat. Q1 2027, reported Mar 22, 2027: actual —, estimate 53.38B HKD, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Feb 20, 2025

1:10

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ETFs holding 0788.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
87.25M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
84.25M
Weight
0.05%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
55.84M
Weight
0.04%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
Global X - Data Center & Digital Infrastructure ETF logoGlobal X - Data Center & Digital Infrastructure ETFDTCR
Market value
49.35M
Weight
2.27%
AUM
2.17B USD
Expense ratio
0.50%
Price / 1D
$28.32-0.56%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
30.23M
Weight
0.11%
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$94.24+0.75%
State Street SPDR S&P Emerging Markets Dividend ETF logoState Street SPDR S&P Emerging Markets Dividend ETFEDIV
Market value
26.03M
Weight
2.12%
AUM
1.23B USD
Expense ratio
0.49%
Price / 1D
$42.16+0.52%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
15.06M
Weight
0.02%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
Schwab Fundamental Emerging Markets Large Company Index ETF logoSchwab Fundamental Emerging Markets Large Company Index ETFFNDE
Market value
13.67M
Weight
0.13%
AUM
10.2B USD
Expense ratio
0.39%
Price / 1D
$41.87+0.92%

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