At noon on March 18, China Tower released its 2025 annual performance report.
During the period, China Tower achieved operating revenue of 100.411 billion yuan, a year-on-year increase of 2.7%; net profit attributable to shareholders reached 11.630 billion yuan, up 8.4% year-on-year, with a net profit margin of 11.6%; EBITDA amounted to 65.814 billion yuan, down 1.1% year-on-year, with an EBITDA margin of 65.5%.
In terms of business segments, tower business revenue was 75.498 billion yuan, down 0.3% year-on-year; in-building coverage business revenue reached 9.227 billion yuan, up 9.5% year-on-year; smart connectivity business revenue totaled 10.172 billion yuan, a year-on-year increase of 14.2%; and energy business revenue was 4.813 billion yuan, growing 7.5% year-on-year.
According to the announcement, China Tower maintained stable and robust cash flow, with net cash flow from operating activities reaching 56.116 billion yuan for the year, an increase of 6.648 billion yuan year-on-year. Capital expenditure stood at 29.486 billion yuan, while free cash flow reached 26.630 billion yuan, up 9.103 billion yuan year-on-year.
As of December 31, 2025, China Tower's total assets amounted to 336.579 billion yuan, with interest-bearing debt at 90.460 billion yuan. The net debt leverage ratio was 27.7%, down 3.3 percentage points from the end of the previous year, reflecting a consistently stable financial position.