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China Tower Earns 5.222 Billion Yuan in 2019 Up By 97.1% YoY

Updated:2020/3/19 23:11

China Tower Limited by Share Ltd released its performance report of 2019 the day before. The report shows China Tower achieved revenue of 76.428 billion yuan in 2019, with a year-on-year growth of 6.4%; realized a profit of 5.222 billion yuan, with a year-on-year significant increase of 97.1%, and its profitability enhanced rapidly.

Revenue of business involving towers reached 71.406 billion yuan, increasing 4.1% year on year; Revenue of indoor distribution system was 2.658 billion yuan, increasing 46.1% year on year; Revenue from cross-industry namely energy operation business was 2.08 billion yuan, increasing 70.2% year on year.

By the end of 2019, China Tower had1.994 million tower type of sites, with a total net increase of 69,000; The number of operators and tower tenants reached 3.063 million, about 226,000 more than in 2018, and more than 80% of operators and tenants realized their needs of sharing.

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