Comba Telecom Systems Holdings Limited · HKEX:2342
Comba Telecom Systems — FY2024 Earnings Presentation
30 slides from Comba Telecom Systems's earnings presentation, 2025
Slide 1: 2024 Annual Results Corporate Presentation
2024 Annual Results Corporate Presentation 1
Slide 2: Participating Management
Participating Management Mr. Fok Tung Ling Chairman Ms. Huo Xinru Executive Director & President of the Group & President of Comba Telecom Systems International Mr. Ken Chang Executive Director & Group CFO 2
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Comba Telecom Systems Holdings Limited (the “Company”) for reference only. The information contained in this presentation has not been independently verified. The Company does not make any representation, warranty or undertaking, whether express or i
Slide 4: Financial Highlights
Financial Highlights 1 2 3 4 5 6 Financial Expenses Financial Key Gross Operating Results Position Financial Gearing Cash Flow Indicators Ratio Analysis Analysis 4
Slide 5: Financial Highlights
Financial Highlights Financial Results Expenses Financial Position Key Financial Indicators Gross Gearing Ratio Analysis Operating Cash Flow Analysis For the year ended For the six month 31 December 变化 Change ended 2024 2023 30 June 2024 HK$’000 Revenue 4,528,263 5,981,974 ↓ 24.3% 2,343,455 Gross pr
Slide 6: Financial Highlights: Expenses
Financial Highlights Financial Results Expenses Financial Position Key Financial Indicators Gross Gearing Ratio Analysis Operating Cash Flow Analysis As % of Total Revenue HK$’000 ↑ / ↓ = Y.o.Y. Change Costs ： HK$31,264， ↓ HK$23,270， ↓ 42.7%； 28.3% 40.9% ↓Finance Reason：The bank borrowing and intere
Slide 7: Financial Highlights: Financial Position
Financial Highlights Financial Results Expenses Financial Position Key Financial Indicators Gross Gearing Ratio Analysis Operating Cash Flow Analysis For the year ended For the six month 31 December ended 2024 2023 Change 30 June 2024 HK$’000 Net cash 744,759 853,389 ↓12.7% 883,861 Total assets 7,43
Slide 8: Financial Highlights: Key Financial Indicators
Financial Highlights Financial Results Expenses Financial Position Key Financial Indicators Gross Gearing Ratio Analysis Operating Cash Flow Analysis For the year ended For the six month 31 December ended 30 June 2024 2024 2023 Change Inventory turnover days 123 117 ↑6days 132 A/R turnover days 244
Slide 9: Financial Highlights: Gross Gearing Ratio
Financial Highlights Financial Results Expenses Financial Position Key Financial Indicators Gross Gearing Ratio Analysis Operating Cash Flow Analysis •HK $'Mn (Except %) 1800 Net cash/(Debt) Interest bearing bank borrowing Gross gearing ratio 16.0% 14.3% 1600 13.5% 13.1% 14.0% 12.4% 12.5% 1611.8 12.
Slide 10: Financial Highlights: Operating Cash Flow Analysis
Financial Highlights Financial Results Expenses Financial Position Key Financial Indicators Gross Gearing Ratio Analysis Operating Cash Flow Analysis HK $’Mn HK $’Mn Operating cashflow Net profit/(loss) 300 190 151 152 152 200 213 800 100 27 7 0 300 -171 -100 -194 -200 141 1089 412 322 826 710 375 4
Slide 11: Financial Review
Financial Review 1 2 Revenue Revenue Breakdown Breakdown by by Customers Businesses 11
Slide 12: Financial Review: Revenue Breakdown by Customers
Financial Review Revenue Breakdown by Customers Revenue Breakdown by Businesses Business Breakdown FY24 VS FY23 For the year ended 31 December 2024 Revenue（HK $’Mn） 3000 FY24 FY23 2398 China Mobile 2500 2208 Others↓ 21.9% ↓ 32.8 % China 2000 Unicom ↓ 76.1 % 1500 1112 1000 747 747 777 545 606 13.4% 1
Slide 13: Financial Review: Revenue Breakdown by Businesses
Financial Review Revenue Breakdown by Customers Revenue Breakdown by Businesses Business Breakdown FY24 VS FY23 For the year ended 31 December 2024 Revenue（HK$’Mn） FY23 % FY24 % Change% Y.o.Y 3000 FY24 FY23 2561 Wireless Transmission Domestic 60.1% 58.9% ↓26.8% 2500 & Other International 39.9% 41.1%
Slide 14: Industry Development
Industry Development 1 2 3 Development Global Wireless Network China 5G Trend Development Construction ✓ Pragmatic and Realistic: ✓ Progress of Global 5G ✓ Strategic Foundation for Deep Coverage and Navigating Through Network Deployment Integration of Cloud, Network, and Computing Cycles 14
Slide 15: Development Trend
1. Development Trend Pragmatic and Resilient: Navigating Industry Cycles • Since 2024，global telecommunications operators’CAPEX to revenue experienced an overall slowdown. 5G developed regions shifted investment focus to network optimization, green energy, AI Data Center and computing infrastructure
Slide 16: Global Wireless Network
2. Global Wireless Network Global 5G Network Deployment Advances Steadily • GSMA predicts: the number of global independent mobile user connections will reach 2.3 billion by 2025 and 5.46 billion by 2030, with 5G adoption rising to 56%. • 5G indoor coverage continues to advance, with large-scale pub
Slide 17: China 5G Construction
3. China 5G Construction Strategic Foundation for Deep Coverage and Integration of Cloud, Network, and Computing • By the end of 2024, China will have a total of 12.65 million mobile phone base stations, including 4.251 million 5G base stations accounting for 33.6%, increased 4.5% compared to 2023,
Slide 18: Company Outlook
Company Outlook 1 2 3 4 Development Antenna Network Operating Opportunities Products System Strategy 18
Slide 19: Development Opportunities
Development Opportunities Operators expands network coverage from extensive to in-depth Developing countries progressively deploying the transition from 4G to 5G networks. Global 5G Indoor Distribution Upgrade Operators focus on low-carbon, eco-friendly, energy-saving, and costs reduction with bette
Slide 20: Antenna Products: Market Outlook
20 2. Antenna Products Antenna Market Outlook Antenna Products Green innovative antenna solutions Global operators are initiating the construction of 5G-A, with global demand for BSA exceeding 6 million units in the next three years. The development of green, low-carbon wireless networks combined wi
Slide 21: Antenna Products: Green Innovative Antenna Solutions
2. Antenna Products Antenna Market Outlook Antenna Products Green innovative antenna solutions New-gen green antenna enhances the energy conversion efficiency of BSA by 20% + Empowering operators’ green and low-carbon transformation, improving network quality Catalyze BSA upgrades and replacement de
Slide 22: Antenna Products: Air Land Sea Green Antenna Solution
22 2. Antenna Products 2 22 2 Antenna Market Outlook Antenna Products Green innovative antenna solutions Green antenna solution for air land sea stereoscopic all-scene is in full commercial use, bringing continuous performance increment. Domestic operators have started planning for low-altitude netw
Slide 23: Network System: Product Market Outlook
3. Network System Network Product Market Outlook Network Product 5G private network solutions 5G-A Passive IoT Solution International Market: Indoor coverage services steadily increasing active expansion into indoor distribution and 5G/LTE enterprise private network markets • The neutral host model
Slide 24: Network System: International Market Overview
3. Network System Network Product Market Outlook Network Product 5G private network solutions 5G-A Passive IoT Solution International market overview • The global rollout of 5G licenses across major economies is driving market momentum for indoor coverage upgrades, with demand expected to grow stead
Slide 25: Network System: Chinese Market Overview
3. Network System Network Product Market Outlook Network Product 5G private network solutions 5G-A Passive IoT Solution Chinese Market Overview: Operators and industries benefit from targeted policy-backed initiatives, with clearer demands for precision network coverage. Comba all-scenario product s
Slide 26: Network System: Innovative Network Products
3. Network System Network Product Market Outlook Network Product 5G private network solutions 5G-A Passive IoT Solution Focusing on the precise construction needs for “in- depth and extensive coverage to eliminate weak and blind spots” Building a highly effective, value-adding and evolving superior
Slide 27: Network System: 5G Private Network Solutions
3. Network System Network Product Market Outlook Network Product Form 5G private network solutions 5G-A Passive IoT Solution Industry 5G Private Network Portfolio: comprehensive, end-to-end solutions with 5G Core (5GC), Network Management System (NMS) multi-band support/Scalable power (low/high) /in
Slide 28: Network System: 5G-A Passive IoT Solutions
3. Network System Network Product Market Outlook Network Product Form 5G Private Network Solutions 5G-A Passive IoT Solutions Solution expansion direction: focus on "Internet of Everything" with ultra-low-cost solutions, initially targeting warehousing/logistics and apparel retail chains, then expan
Slide 29: Operating Strategy
4. Operating Strategy Operating Strategy Development Innovation Continue to deepen the Continuously enhance presence in operator leading-edge product market, fully leverage R&D capabilities to professional expertise maintain industry to explore enterprise leading position. and consumer network produ
Slide 30: Thank you!
Comba Thank you!
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