SmarTone (SEHK:315) Net Margin At 7.9% Reinforces Steady Earnings Narrative

Simply Wall St.

Feb 25

SmarTone Telecommunications Holdings (SEHK:315) has put out its H1 2026 scorecard with revenue of HK$3,561.3 million and net income of HK$278.3 million, translating to basic EPS of HK$0.25, while ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSmarTone (SEHK:315) Net Margin At 7.9% Reinforces Steady Earnings Narrative\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-25 20:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/telecom/hkg-315/smartone-telecommunications-holdings-shares/news/smartone-sehk315-net-margin-at-79-reinforces-steady-earnings><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SmarTone Telecommunications Holdings (SEHK:315) has put out its H1 2026 scorecard with revenue of HK$3,561.3 million and net income of HK$278.3 million, translating to basic EPS of HK$0.25, while ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/telecom/hkg-315/smartone-telecommunications-holdings-shares/news/smartone-sehk315-net-margin-at-79-reinforces-steady-earnings\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1536","symbol_name":"电信股","start_time":0,"source_url":"https://simplywall.st/stocks/hk/telecom/hkg-315/smartone-telecommunications-holdings-shares/news/smartone-sehk315-net-margin-at-79-reinforces-steady-earnings","article_id":"2614087360","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/9031000-choice2-main-header/1585186861487"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/telecom/hkg-315/smartone-telecommunications-holdings-shares/news/smartone-sehk315-net-margin-at-79-reinforces-steady-earnings","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2614087360","pubTimestamp":1772023422,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"SmarTone Telecommunications Holdings (SEHK:315) has put out its H1 2026 scorecard with revenue of HK$3,561.3 million and net income of HK$278.3 million, translating to basic EPS of HK$0.25, while trailing twelve month EPS sits at HK$0.45 on revenue of HK$6,323.2 million. The company has seen revenue move from HK$2,761.9 million in H2 2025 to HK$3,561.3 million in H1 2026, with basic EPS shifting from HK$0.20 to HK$0.25 over the same stretch. This gives a clearer read on how the top and bottom...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1536":"电信股","BK1152":"无线电信业务","00315":"数码通电讯"},"translate_title":"数码通(SEHK：315)净利润率为7.9%，强化了稳定的盈利叙述","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00315":0.9},"content_text":"SmarTone Telecommunications Holdings (SEHK:315) has put out its H1 2026 scorecard with revenue of HK$3,561.3 million and net income of HK$278.3 million, translating to basic EPS of HK$0.25, while trailing twelve month EPS sits at HK$0.45 on revenue of HK$6,323.2 million. The company has seen revenue move from HK$2,761.9 million in H2 2025 to HK$3,561.3 million in H1 2026, with basic EPS shifting from HK$0.20 to HK$0.25 over the same stretch. This gives a clearer read on how the top and bottom lines have tracked through recent halves. With trailing net profit margins running in the high single digits and edging higher year on year, this set of results points to a business where profitability is gradually tightening rather than swinging wildly. See our full analysis for SmarTone Telecommunications Holdings. With the headline numbers on the table, the next step is to see how this earnings profile lines up against the main stories investors follow, highlighting where the recent results support the prevailing narrative and where they start to push back against it. Curious how numbers become stories that shape markets? Explore Community Narratives SEHK:315 Revenue & Expenses Breakdown as at Feb 2026 AdvertisementTTM net margin holds at 7.9%  On a trailing twelve month basis, SmarTone converted HK$6,323.2 million of revenue into HK$500.6 million of net income, which works out to a 7.9% net profit margin compared with 7.6% a year earlier. Supporters of a more bullish view often point to this kind of steady profitability, and the data here give them some backing while also setting limits:\n     The 4.1% earnings growth over the last year, compared with the 3.3% per year pace over five years, lines up with the idea of gradual progress rather than a sharp acceleration story. At the same time, margins in the high single digits and half year net income moving between HK$222.2 million and HK$278.3 million over the last three halves look more like a consistent telecom operator than a high growth outlier.    On the back of these steady margins and modest earnings growth, some investors will want to see how the broader story stacks up against other views on the company. 📊 Read the what the Community is saying about SmarTone Telecommunications Holdings. Halves show EPS holding in a tight range  Across the last three half year periods, basic EPS has moved from HK$0.23 in H1 2025 to HK$0.20 in H2 2025 and then to HK$0.25 in H1 2026, while revenue over those same halves sits between HK$2,761.9 million and HK$3,561.3 million. For investors who worry on the more bearish side that mature telecoms cannot keep earnings from drifting down, these numbers give a mixed picture they will likely focus on:\n     Bears can highlight that trailing EPS over twelve months has been fairly flat, at HK$0.44 to HK$0.45 across the last three trailing periods, which does not point to sharp momentum. On the other hand, the move from HK$222.2 million net income in H2 2025 to HK$278.3 million in H1 2026 counters the idea that profitability is clearly sliding, and instead shows results moving within a relatively tight band.    P/E of 11.7x against higher sector multiples  The trailing P/E sits at 11.7x based on the HK$5.30 share price and recent earnings, compared with an Asian wireless telecom average P/E of 21.3x and a peer average of 22.7x, while the supplied DCF fair value of HK$29.29 is far above the current share price. Investors who lean bullish often argue that this valuation gap is hard to ignore, and the current figures sharpen that argument while also keeping it grounded in the fundamentals:\n     The combination of high quality past earnings and five year earnings growth of 3.3% per year, alongside the 7.9% trailing net margin, shows that the lower P/E is not attached to a business with collapsing profitability in this data set. At the same time, the unstable dividend record in the summary is a concrete reason some income focused holders may hesitate, even when they see a share price that sits well below the stated DCF fair value.    Next Steps Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on SmarTone Telecommunications Holdings's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. If this combination of steady earnings and valuation questions leaves you unsure, take a moment to review the full risk and reward picture for yourself with 2 key rewards and 1 important warning sign. See What Else Is Out There Flat trailing EPS around HK$0.44 to HK$0.45, modest earnings growth and an unstable dividend record may leave you wanting stronger income support and consistency. If you rely on dividends and this patchy history feels uncomfortable, put your cash to work by checking out 443 dividend fortresses that focus on stability and yield right now.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}