China Tower Corp Ltd H (CHWRF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

At present, at today's event, we have Mr. Zhang Zhiyong, executive director and chairman of the company. Mr. Chen Li, executive director and general manager. Mr. Hu Shaofeng, the company's chief accountant. Today's presentation will be divided into two parts. Firstly, we're going to have the overall performance of the year by the management team, and then we're going to answer your questions. First of all, I'm going to give the floor to Mr. Zhang Zhiyong, chairman of the company, to give you a presentation on the overall performance of the company for the year 2024. Ladies and gentlemen, good afternoon. Welcome and thank you for joining us for China Tower's 2024 Annual Results Presentation. We would also like to express our gratitude for your ongoing support and interest in China Tower. Today's presentation is divided into three parts. Firstly, I will report on the overall performance of the company in the year 2024. Then the business performance and financial performance will be presented by Mr. Chen Li and Mr. Hu Shaofeng, respectively. Lastly, we'll be very happy to answer any questions you have. For the overall performance of the company, As you can see from the slide, it's a summary of our performance for the year as a whole. so as to give you a better idea. Firstly, the overall operating performance was sound with net profit increasing 10%. Secondly, sustained revenue growth supported by multiple pillars. Revenue contribution of two wings business to the total revenue increased to 13.7% as opposed to 12.2% the year before. The company deepened digital intelligence governance, upgraded 230,000 telecom towers to digital towers to serve thousands of industries. The number for the previous year was 210,000. Fourthly, the company empowered business development throu...