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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
China Tower Corporation
China Tower Corporation (788) investor relations material
China Tower Corporation Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary20 Oct, 2026
Executive summary
9M 2026 revenue was RMB71,999 million, down 3.1% YoY; profit attributable to owners rose 24.2% to RMB10,817 million.
Growth in Smart Tower and Energy revenue offset part of the decline in TSP revenue; Two Wings’ share of revenue increased to 16.3% from 14.2%.
Financial highlights
Operating revenue fell 3.1% to RMB71,999 million; profit before taxation rose 24.8% to RMB14,341 million.
EBITDA was RMB44,828 million, down 12.0% YoY; profit attributable to owners rose 24.2% to RMB10,817 million.
Outlook and guidance
Priorities include improving resource sharing and operating efficiency while pursuing high-quality development across businesses.
TSP plans to capture new-infrastructure and “Six Networks” opportunities, strengthen delivery and service capabilities, and meet evolving digital-intelligence needs.
Smart Tower plans to expand digital-tower applications, low-altitude economy, edge computing and “DAS +” businesses.
Energy priorities include optimizing battery-exchange network economics, growing backup-power solutions, and advancing base-station photovoltaics and energy storage.
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Latest events from China Tower Corporation
- Net profit rose 11%, while cash flow weakened and Two Wings growth accelerated.788
H2 2023 - Profit rose 30.1% year-over-year to RMB7,489 million, with strong growth in Smart Tower and Energy.788Q2 2026
- Profit surged 31.8% year-over-year in Q1 2026, led by Smart Tower and Energy growth.788Q1 2026
- Net profit up 8.4% to RMB 11.63B, with 77% payout and strong Smart Tower and Energy growth.788H2 2025
- Revenue and profit rose, driven by Smart Tower and Energy business growth.788Q3 2025
- Net profit up 8% and interim dividend up 21.6%, led by Smart Tower and Energy growth.788H1 2025
- Net profit up 10.1% on strong revenue and cash flow, with first interim dividend proposed.788H1 2024
- Profit up 11% year-over-year, with strong growth in Smart Tower and DAS businesses.788Q3 2024
- Net profit up 10%, revenue up 4%, dividend payout at 76%, and robust Smart Tower and DAS growth.788H2 2024
Next China Tower Corporation earnings date
Q4 202618 Mar, 2027
China Tower Corporation
Next China Tower Corporation earnings date
Q4 202618 Mar, 2027
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Frequently asked questions
China Tower Corporation Limited is a telecommunications infrastructure service provider in China, specializing in the construction, maintenance, and operation of base station facilities, including telecommunications towers and indoor distributed antenna systems. The company also offers services such as public network coverage in high-speed railways and subways, as well as information and energy application services like intelligent battery exchange and power backup solutions. The company is headquartered in Beijing, China, and its shares are listed on the Hong Kong Stock Exchange.