China Tower released unaudited consolidated financial and operating data for the first three quarters on October 20. The company said it seized opportunities presented by China's push to build a strong network nation, a digital China and its dual-carbon strategy, deepened its "two wings" strategy alongside its core business, and sharpened its core functions and competitiveness, keeping overall operations stable. As of September 30, 2026, it had 2.184 million tower sites and 3.872 million tower tenants, a net gain of 16,000 tenants since the end of last year, or an average of 1.77 tenants per tower.
Revenue for the first three quarters came to RMB71.999 billion, down 3.1% year on year. Carrier business generated RMB59.641 billion, down 6.0%; smart connectivity business brought in RMB7.869 billion, up 10.9%; and energy business contributed RMB3.868 billion, up 13.0%. The two wings businesses accounted for 16.3% of total revenue, up from 14.2% a year earlier.
Within the carrier business, tower revenue fell 7.9% to RMB52.052 billion, while indoor distributed antenna system (DAS) revenue rose 9.6% to RMB7.589 billion.
EBITDA for the period reached RMB44.828 billion, giving an EBITDA margin of 62.3%. Profit attributable to shareholders rose 24.2% year on year to RMB10.817 billion.