CHINA TOWER(00788)2024-04-19 08:30Financial Performance - Operating revenue for Q1 2024 reached RMB 23.974 billion, a year-on-year increase of 3.3%[2] - Revenue from operator business was RMB 20.984 billion, up 2.2% year-on-year; tower business revenue was RMB 18.946 billion, a 0.6% increase[2] - Indoor distributed antenna system (室分) revenue grew by 19.8% year-on-year to RMB 2.038 billion[2] - Smart connection business revenue increased by 21.0% year-on-year to RMB 1.974 billion[2] - EBITDA for Q1 2024 was RMB 16.597 billion, reflecting a 3.0% year-on-year growth[2] - Profit attributable to shareholders was RMB 2.784 billion, an increase of 11.1% year-on-year[2] Assets and Liabilities - Total assets as of March 31, 2024, were RMB 321.368 billion, down from RMB 326.007 billion at the end of 2023[2] - Total liabilities decreased to RMB 120.888 billion from RMB 128.313 billion at the end of 2023[2] Operational Growth - The number of tower sites reached 2.059 million, with a net increase of 43,000 tenants year-on-year[3] Strategic Goals - The company aims to enhance core competitiveness and pursue high-quality development in energy business through innovative solutions and market expansion strategies[3]