CHINA TOWER (00788) announced its financial results for the first quarter of 2026. The company reported operating revenue of RMB 251.46 billion, representing a year-on-year increase of 1.5%. Revenue from carrier business amounted to RMB 210.89 billion, down 0.6% compared to the same period last year. Within this segment, tower business revenue was RMB 185.60 billion, a decrease of 1.7%, while revenue from indoor distributed antenna systems business grew 7.8% to RMB 25.29 billion. Revenue from smart connectivity business reached RMB 26.43 billion, up 14.3% year-on-year. Energy business revenue was RMB 13.07 billion, an increase of 14.1%. EBITDA for the quarter was RMB 153.66 billion. Profit attributable to the company's shareholders was RMB 39.85 billion, marking a significant 31.8% growth compared to the prior year period.

During the first quarter of 2026, the company continued to focus on high-quality development, adhering to a strategy of promoting stability through progress and enhancing quality and efficiency. The development of all business lines met expectations, contributing to steady overall performance growth. As of March 31, 2026, the number of tower sites reached 2.16 million, with tower tenants totaling 3.872 million, a net increase of 16,000 since the end of the previous year. The average number of tenants per tower site was 1.79.

For the remainder of 2026, the company will continue to uphold its shared development philosophy and anchor its positioning as a "three-service provider." It will deepen its "One Body, Two Wings" strategy, continuously strengthening its core functions and enhancing its core competitiveness. In the carrier business segment, it will capitalize on opportunities presented by the large-scale commercial use of 5G-Advanced, initiatives like "Signal Enhancement," "Broadband Borderlands," "Broadband Forestry and Grasslands," and urban high-quality development strategies focusing on innovation, resilience, and smart technologies. The company aims to improve its capabilities in resource coordination, construction delivery, and solution innovation, reinforcing its advantages to achieve stable growth. For the "Two Wings" businesses, the company will leverage its core resource strengths to全面提升 service quality comprehensively, expand its market leadership, and explore new growth areas such as the low-altitude economy, edge computing, and green energy storage. This focus on high-quality development is intended to create greater value for shareholders, customers, and society.