The latest announcement is out from China Communications Services ( (HK:0552) ).
China Communications Services reported its annual results for the year ending December 31, 2024, highlighting a 0.9% increase in total revenues to RMB150,000 million and a 0.6% rise in net profit to RMB3,607 million. The company achieved steady revenue growth across domestic and international markets, with a focus on technological innovation and strategic emerging industries. The Board proposed a final dividend of RMB0.2187 per share, reflecting a 42% payout ratio, underscoring the company’s stable performance and sound cash flow.
More about China Communications Services
China Communications Services Corporation Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates in the telecommunications industry, focusing on computing power infrastructure, social digitalization, and intelligentization. The company is positioned as a ‘New Generation Integrated Smart Service Provider’ and is involved in digital infrastructure, smart city solutions, and green and low-carbon initiatives.
YTD Price Performance: 2.46%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $4.04B
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