China Tower Corp Ltd H (CHWRF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, present at today's event are the management team, including Mr. Zhang Zhiyong, Chairman and Executive Director, Mr. Chen Li, Executive Director and General Manager, and Mr. Hu Shaofeng, Chief Accountant. Today's event will be broken down into two parts. Firstly, there will be the presentation, and then we're going to have the Q&A session. Firstly, we're going to invite Chairman Zhang Zhiyong to brief you on our performance in the first half of 2025. Mr. Chair, the floor is yours. Ladies and gentlemen, our press friends, good afternoon, welcome, and thank you for coming here despite this very challenging weather today. Today we have the interim results announcement of China Tower. And to ensure your safety and to encourage more investors to participate in today's announcement and discussion, we have opened up an online session as well. Present at today's event, Mr. Chen Li and Mr. Hu Shaofeng as well. I'm going to break today's presentation into three parts. Firstly, I'm going to give you the overall performance of the company in the first half, to be followed by the business performance by Mr. Chen Li and the financial performance by Mr. Hu Shaofeng. And finally, we three are going to answer your questions. So let's take a look at the overall performance of the company. The highlights of the company's performance for the first half were mainly reflected in the following five aspects. First, the company recorded sound operating performance with net profit increasing by 8% year on year. Second, sustained revenue growth supported by multiple pillars. the two-win business increased its contribution to 14% of total revenue. Third, upgrades in digital towers accelerated revenue of smart tower business, and the revenue increased 18.7% year on year. Fou...