China Communications Services Corp. Ltd. Class H · HKEX:552
China Communications Services Corp. Ltd. Class H — H1 2026 Earnings Presentation
41 slides from China Communications Services Corp. Ltd. Class H's earnings presentation, Aug 26, 2026
Slide 1: 2026 Interim Results
CHINA COMMUNICATIONS SERVICES CORPORATION LIMITED Stock Code : 00552.HK 2026 Interim Results 26 August 2026 www.chinaccs.com.hk
Slide 2: Management Present
Management Present | EXECUTIVE DIRECTOR, CHAIRMAN MR. LUAN XIAOWEI | EXECUTIVE DIRECTOR, EXECUTIVE VICE PRESIDENT & CFO MR. SHEN AQIANG | EXECUTIVE VICE PRESIDENT MR. ZHANG HAO | EXECUTIVE VICE PRESIDENT MR. GUI XIAOQING 2
Slide 3: Overview
01 02 03 Overview Business Financial Review Results 3
Slide 4: Business Review
01 02 03 Overview Business Financial Review Results 4
Slide 5: Highlights
Highlights Taking Proactive Initiatives and Adapting to Changes, while Maintaining Solid Fundamentals Continued Quality Improvement, Cost Reduction & Efficiency Enhancement Provided Solid Support for Profitability Forward-looking Deployments Delivering Initial Results with New Growth Engines D
Slide 6: Results Overview (1): Fundamentals Remained Solid
Results Overview (1): Fundamentals Remained Solid Rapid AI Development Has Become a Key Growth Driver ⚫ Amid Complex and Challenging External Environment, the Company Has Made Forward-looking Deployments and Taken Proactive Measures to Respond ⚫ Seized the Opportunities from AIDC (Computing Infrastr
Slide 7: Results Overview (2): Fundamentals Remained Solid
Results Overview (2): Fundamentals Remained Solid Continued Quality Improvement, Cost Reduction & Efficiency Enhancement, Provided Solid Support for Profitability Gross Profit 5.8% Gross Profit Margin 0.3pp Decline Rate Moderating (1H25:0.6pp) Net Profit1: 1,970 million ▼7.5% SG&A Expenses 7.7%
Slide 8: Forward-looking Deployments Delivering Initial Results (“Six Major Growth Areas+”)
Forward-looking Deployments Delivering Initial Results (“Six Major Growth Areas+”) Developing New Growth Engines to Drive Business Transformation “Six Major Growth Areas+” Businesses in 1H2026 ⚫ Total New Contracts New Contracts Approx. RMB34.4 billion1, 11% (RMB’Bn) 106.1 ▼5.4% 100.4 Among which,
Slide 9: Seizing Market Opportunities Arising from the AI Boom
Seizing Market Opportunities Arising from the AI Boom Achieved Rapid Business Growth In 1H2026, Al+ Sector: New Contracts Reached RMB12.26 billion, 39%; Revenue Reached RMB7.42 billion, 62%, Accounting for 10% of Revenues AIDC AI Applications (Computing Infrastructure Construction) (Data, Algorith
Slide 10: Technological Innovation Empowering AI+ Capability Building
Technological Innovation Empowering AI+ Capability Building Seizing New Opportunities with New Capabilities Developing Integrated Service Capabilities of Achieving Comprehensive Rollout of AI Products and Services “Planning, Construction, Maintenance and Operation” for AIDC for B2B Sector Standards
Slide 11: Bridging Technological Innovation with Forward-looking Planning in “Six Major Growth Areas”
Bridging Technological Innovation with the Forward-looking Planning in “Six Major Growth Areas” Driving Deep Integration of Technological Innovation and Digital Transformation Positioning Building Core Capabilities that Lead China Comservice toward Sustainable Development ⚫ In Smart Service Sector:
Slide 12: Continuously Strengthening Synergistic Investment and Management of Technological Innovation
Continuously Strengthening Synergistic Investment and Management of Technological Innovation Strengthening the Conversion and Build-up of Technological Innovation Capabilities With Continuous Efficiency Enhancement in Technological Innovation, We Initially Established a Three-tiered New Paradigm for
Slide 13: Deepening Reforms and Enhancing Corporate Governance Capabilities
Deepening Reforms and Enhancing Corporate Governance Capabilities Steadily Advancing Synergistic Management and Control Strengthening the Development of Advantageous Segments Continuously Advancing Reforms in Specialized Segments Strengthening our integrated service of “Planning, Deepening refor
Slide 14: 20th Anniversary of Listing: Navigating Various Cycles, Anticipating and Adapting to Changes
20th Anniversary of Listing: Navigating Various Cycles, Anticipating and Adapting to Changes Forging New Capabilities, Exploring New Horizons, and Strengthening Development Foundations Enormous Market Opportunities The Company Has Continued to Advance Innovation Transformation and Policy tailwinds
Slide 15: Staying Strategically Focused, Strengthening Competitive Edges, Seizing Market Opportunities
Staying Strategically Focused, Strengthening Competitive Edges, Seizing Market Opportunities Creating Long-term Value for Shareholders Deepening the Connotation of “1 Positioning, 4 Roles”, Accelerating to Become a “Service Provider to AI Service Providers” Demonstrating Confidence in Future Develop
Slide 16: Business Review
01 02 03 Overview Business Financial Review Results 16
Slide 17: Business Revenue Breakdown
Business Revenue Breakdown (RMB’M) 1H2025 1H2026 Change % % of Revenues TIS (Telecommunications Infrastructure Services) Design 4,244 3,672 -13.5% 4.9% Construction 31,921 30,874 -3.3% 41.4% Supervision 2,107 2,056 -2.4% 2.8% Subtotal 38,272 36,602 -4.4% 49.1% BPO (Business Process Outsourcing Servi
Slide 18: Overall Performance by Business and Market
Overall Performance by Business and Market 1H2025 By Business 3.2% 21.2% 1H2026 (RMB’ M) 76,939 74,480 21.2% 16,284 -3.1% 15,774 ACO 49.7% 22,383 -1.2% 22,104 49.1% BPO TIS 29.1% -4.4% 36,602 29.7% 38,272 1H2025 1H2026 3.2% 3.1% 1H2025 By Market 76,939 1H2026 +7.4% 74,480 2.8% (RMB’ M) 2,151 2,310
Slide 19: Domestic Operator Market: Effectively Navigated the Impact of Decline in Traditional Network Infrastructure Investment
Domestic Operator Market: Effectively Navigated the Impact of Decline in Traditional Network Infrastructure Investment Seized Customers’ Demand for Accelerating the Construction of New Digital Information Infrastructure to Increase Market Share Revenue (RMB’M) ⚫ Revenue from China Telecom stabilized
Slide 20: Domestic Non-operator Market: Proactively Navigated Changes in the External Environment
Domestic Non-operator Market: Proactively Navigated Changes in the External Environment Proactively Managed Risks and Strengthened our Deployment in Development Tracks ⚫ Optimized Project Portfolio: Effectively expanded businesses such as CCS Smart Maintenance (new Revenue contracts in domestic non-
Slide 21: Overseas Market: Advanced Overseas Development in a Proactive and Prudent Manner
Overseas Market: Advanced Overseas Development in a Proactive and Prudent Manner Consolidated Traditional Communications Business and Promoted Business Transformation and Upgrading Revenue Keeping Pace with the National “Belt and Road” Initiative (RMB’M) Coordinating High-quality Development and Hig
Slide 22: Six Major Growth Areas+: AIDC (Computing Infrastructure Construction)
Striving to Expand the “Six Major Growth Areas+” Businesses: AIDC (Computing Infrastructure Construction) Achieved Strong Business Growth Momentum with a Substantial Leap in Business Scale Covering Customers in Eight National Computing Hubs, Extending our Business from EPC to EPC+O New Contracts fro
Slide 23: Cases: AIDC (Computing Infrastructure Construction)
Cases: AIDC (Computing Infrastructure Construction) Capitalizing on the Strengths of Integrated Construction Capabilities of AIDC “Planning, Construction, Maintenance and Operation” to Build Leading Benchmark Cases in the Industry Delivered 60MW (Civil + Mechanical and Electrical Works) in 167 day
Slide 24: Six Major Growth Areas+: CCS Smart Maintenance
Striving to Expand the “Six Major Growth Areas+” Businesses: CCS Smart Maintenance Comprehensively Advanced CCS Smart Maintenance Business Promoting the Transformation from Project-centric to Customer-centric Operating Business Model, and Upgrading from Project-based to Recurring Business Model CCS经
Slide 25: Cases: CCS Smart Maintenance
Cases: CCS Smart Maintenance Focusing on Demand for Intelligent Maintenance Capabilities Driven by AIDC, and Accelerating the Capabilities Transition to “Liquid-cooled Intelligent Computing Full-stack Operation and Maintenance” Fully Liquid-cooled Intelligent Computing Full-stack Smart Maintenance:
Slide 26: Six Major Growth Areas+: Computing-electricity Coordination
Striving to Expand the “Six Major Growth Areas+” Businesses: Computing-electricity Coordination Closely Tracked the Market Opportunities in Computing-electricity Coordination, with a Focus on Dual Carbon and Power Distribution Network Businesses Deepening the Integration of Source-Grid-Load-Storage
Slide 27: Cases: Dual Carbon
Cases: Dual Carbon Consolidating New Energy Businesses in Wind, Solar, Storage and Charging; Seizing Opportunities in Energy and Carbon Management for Public Institutions; Exploring Innovative Scenarios such as Zero-carbon Buildings/Parks and Virtual Power Plants; and Building our Core Competence fo
Slide 28: Cases: Power Distribution Network
Cases: Power Distribution Network Focusing on Computing-electricity Coordination and Integrating Ecosystem Resources to Build Industry Benchmarks for “Green Electricity + Computing Power + Green Electricity Direct Connection”, while Continuously Enhancing Delivery Capabilities for Grid Projects at 1
Slide 29: Six Major Growth Areas+: Low-altitude Economy
Striving to Expand the “Six Major Growth Areas+” Businesses: Low-altitude Economy Advanced the Implementation of Low-altitude Economy Scenario Applications and Delivered Results Low-altitude Economy Low-altitude + Emergency Management ⚫ New Contracts: RMB0.39 billion, 66% Capability Enhancement Pro
Slide 30: Anchoring Full-Year Development Targets
Anchoring Full-Year Development Targets Striving to Achieve a Solid Start for the “15th Five-Year Plan” Period Continuously Advancing AI+ Initiative to Turn AI Dividend into New Momentum for High-quality Development Reasonable Growth in Quantity New Contracts in “Six Major Growth Areas+” such as Rev
Slide 31: Financial Results
01 02 03 Overview Business Financial Review Results 31
Slide 32: Key Financial Indicators
Key Financial Indicators (RMB’M, Except EPS) 1H2025 1H2026 Change % % of Revenues Revenues 76,939 74,480 -3.2% 100% Cost of Revenues 69,051 67,048 -2.9% 90.0% Direct Personnel Costs 3,707 3,287 -11.3% 4.4% Materials Costs 13,341 14, 497 8.7% 19.5% Direct Costs of Products Distribution 1,561 762 -51.
Slide 33: Strengthened Quality Improvement and Cost Reduction to Promote Efficiency Enhancement (1)
Strengthened Quality Improvement and Cost Reduction to Promote Efficiency Enhancement (1) Cost/Expense as a % of Revenues Direct Personnel 4.8% -0.4pp 4.4% ✓ Striving to Improve Management Efficiency Costs Subcontracting Charges: Improved self-delivery rate, promoted the application of AI Materials
Slide 34: Strengthened Quality Improvement and Cost Reduction to Promote Efficiency Enhancement (2)
Strengthened Quality Improvement and Cost Reduction to Promote Efficiency Enhancement (2) Effective Efficiency Improvement Measures Supporting Profitability Gross Profit Margin: Rate of Decline Moderated Medium- and Long-Term Goals 10.9% Operating Profit: Operating Profit Margin 10.3% 10.0% 0.6pp
Slide 35: Strengthened Quality Improvement and Cost Reduction to Promote Efficiency Enhancement (3)
Strengthened Quality Improvement and Cost Reduction to Promote Efficiency Enhancement (3) Striving to Maintain Stable Overall Profit Margin and Achieve Stability in Net Profit for the Full Year Factors of Net Profit Changes Net Profit Margin：Remained Stable1 (RMB’M) (RMB’M) 7.5% 2,129 +476 -98 7.5
Slide 36: Continued to Effectively Manage Working Capital
Continued to Effectively Manage Working Capital Cash Flow Remained Largely Stable Free Cash Flow (RMB’ M) ⚫ Continuously strengthened the collection of accounts receivables, the 8,422 7,379 total amount of accounts receivables remained largely stable, and the increase of collection days slowed down
Slide 37: Financial Position Remained Healthy
Financial Position Remained Healthy Gearing Ratio Maintained at a Low Level (RMB’M) 31.12.2025 30.06.2026 Total Assets 136,682 139,214 In which: Cash and Fixed Deposits1 33,755 25,408 Accounts Receivables and Contract Assets 63,507 72,658 Total Liabilities 87,594 90,083 In which: Accounts Payable 63
Slide 38: Thank You!
If You Wish to Access the Company Information or Further Communicate with Us Please Visit Our Website www.chinaccs.com.hk or Thank You ! Contact Investor Relations Department ir@chinaccs.com.hk
Slide 39: Appendix
Appendix PER ARH| 39 (CHINA COMSERVICE
Slide 40: Business Revenue Breakdown – by Market
Business Revenue Breakdown – by Market (RMB’M) 1H2025 1H2026 Change % TIS (Telecommunications Infrastructure Services) Domestic Operator 17,866 18,047 1.0% Domestic Non-operator 18,874 16,943 -10.2% Overseas Customer 1,532 1,612 5.2% Subtotal 38,272 36,602 -4.4% BPO (Business Process Outsourcing Ser
Slide 41: Forward-looking Statement
Forward-looking Statement The Company would like to caution readers about the forward-looking nature of certain statements herein. These forward-looking statements are subject to risks, uncertainties and assumptions, which are beyond its control. Potential risks and uncertainties include those conce
China Communications Services — H1 2026 Earnings Presentation on 6ix