1004.11 Billion! China Tower Joins the Trillion-Yuan Revenue Tier

Communication World Network News (CWW) March 18 — China Tower officially released its annual performance report as of December 31, 2025. As a leading global provider of integrated communication tower infrastructure services, China Tower’s 2025 operational results are steady with improvements in quality and efficiency. Revenue has surpassed 100 billion yuan for the first time, core profitability indicators continue to optimize, and the “One Body, Two Wings” strategic layout is taking effect, laying a solid foundation for the deep development of China’s communication networks and digital economy infrastructure.

Steady Growth in Core Performance, Entering the Billion-Yuan Revenue Tier

According to the financial report, China Tower achieved a revenue of 100.411 billion yuan in 2025, a year-on-year increase of 2.7%, officially entering the billion-yuan revenue tier and setting a new record since the company’s listing. Along with the revenue growth, the company’s profitability quality steadily improved, with net profit attributable to shareholders reaching 11.63 billion yuan, up 8.4% year-on-year, and net profit margin rising to 11.6%, demonstrating strong profitability resilience and risk resistance.

“One Body, Two Wings” Business Activates New Growth Drivers

From a business layout perspective, China Tower remains committed to its core role as a communication infrastructure service provider, deeply implementing the “One Body, Two Wings” development strategy. The core integrated business remains stable, while the two wings—innovative businesses—accelerate growth, continuously optimizing and upgrading the business structure to align precisely with the industry’s digitalization and green transformation trends.

The core supporting operator integrated business achieved revenue of 84.725 billion yuan in 2025, a slight increase of 0.7%, maintaining a solid operational foundation. Among them, tower-related revenue was 75.498 billion yuan, a slight decrease of 0.3% year-on-year, but the efficiency of site sharing continued to improve. By the end of the year, the total number of tower sites reached 2.149 million, with operator tenants totaling 3.567 million, and an average of 1.70 tenants per site, further amplifying the advantages of centralized operations. Indoor distributed antenna systems became a key growth point, with annual revenue of 9.227 billion yuan, up 9.5%. Coverage area of building distributed systems and mileage of railway tunnels and subways increased by 19.5% and 14.8% respectively, fully supporting the deep 5G coverage and large-scale deployment of “dual gigabit” networks for the three major operators.

Additionally, China Tower’s two wings—Smart Link Business and Energy Business—serve as core engines for transformation and efficiency enhancement. In 2025, combined revenue reached 14.985 billion yuan, accounting for 14.9% of total revenue, up 1.2 percentage points year-on-year, with growth leading the traditional main business. Smart Link Business surpassed 10 billion yuan in annual revenue, reaching 10.172 billion yuan, a 14.2% increase, transforming from “communication towers” to “digital towers,” focusing on key scenarios such as straw burning bans, farmland protection, disaster warning, and social governance. The Tower View Business contributed 62.2% of Smart Link revenue, with digital integrated services continuously strengthening. Energy Business revenue was 4.813 billion yuan, up 7.5%, with the electric replacement service performing well, user scale exceeding 1.477 million, a 21.2% increase, while green energy sectors like backup power, distributed photovoltaics, and energy storage accelerated, expanding the green low-carbon service landscape.

Significant Results in Technological Empowerment

In 2025, China Tower continued to strengthen technological innovation, actively advancing the “Four Lists” work mechanism—capability level, project tasks, resource allocation, and成果转化 (achievement transformation). Progress in core technology breakthroughs and成果转化 accelerated. R&D investment and R&D personnel increased by 82% and 22% respectively compared to 2024; the number of invention patent applications and authorized patents grew by 77% and 54%. The company participated in setting multiple international standards, and innovative products like micro base stations and the ViewLink platform achieved large-scale application. The technological innovation system was continuously strengthened, with high-quality development of six major innovation centers, improved joint innovation platforms, and enhanced innovation efficiency.

Chairman Zhang Zhiyong stated that looking ahead, China Tower will continue to uphold the shared development philosophy, adhere to the “Three Service Providers” positioning, and take the “One Body, Two Wings” strategy as the core driver. The company will persistently enhance core competitiveness, cultivate new productive forces, promote high-quality development, and create sustained value for shareholders, customers, and society.