China Communications Services Corp. Ltd. Class HHKEX: 552

China Communications Services Corporation: Steady revenue and profit growth, margin improvement, and strong cash flow in 2024

· Issued by China Communications Services Corp. Ltd. Class H

Revenue grew 0.9% to RMB150 billion with net profit up 0.6% to RMB3.6 billion, driven by strong ACO segment growth and robust overseas expansion. Gross margin improved for the third consecutive year, and the Board proposed a 42% dividend payout ratio.

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